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Economy
19:46 15/04/2021Philip Lynch provides estimates on Armenia’s economyPhilip Lynch, Ameriabank’s Independent Board Member, has been in finance for over 30 years. His estimates and analysis of the Armenian economy are very interesting. Can Armenia adopt the Asian...
18:55 14/04/2021Ameriabank launches placement of new bond issues for USD 20 million and AMD 5 billionAmeriabank is placing new issues of AMD and USD registered coupon bonds for USD 20 million and AMD 5 billion respectively, the Bank said in a released statement.
15:42 12/04/2021Eurobonds issued by the Republic of Armenia are now traded on Armenia Securities ExchangeArmenia Securities Exchange onboarded Armenian Eurobond (ISIN: XS2010028939, Ticker: EUBDB5) to start trading on its platform.
17:28 08/04/2021World food prices rise for 10th month in a row – FAOWorld food prices rose for a 10th consecutive month in March, hitting their highest level since June 2014, led by jumps in vegetable oils, meat and dairy indices, the United Nations food agency said...
12:26 07/04/2021Armenian currency depreciated by 5 drams in just 5 days, says former officialArmenia's national currency, the dram, has heavily depreciated in just five days, the former chief of staff of Armenia’s Constitutional Court and former ambassador to Poland, Edgar Ghazaryan, said on...
17:38 05/04/2021US dollar rate increased in Armenia by around 8% in MarchThe prices of non-food products have increased by 8.4% in March 2021 against March 2020 data, while the inflation against the previous month stood at 1.6%, according to the latest the data published...
10:15 05/04/2021LG shutting down its smartphone business as losses mountLG Electronics said on Monday it would close down its loss-making smartphone business, BBC News reported.
17:49 01/04/2021Economist: Russian gas price for Armenia still uncertainThe price of Russian natural gas supplied to Armenia is still uncertain, economist Suren Parsyan said on Thursday.
16:47 31/03/2021Sharp economic contraction, increased poverty and a fiscal deterioration in Armenia - World Bank reportArmenia's economic decline of 2020 will reach the mark of 7.6% and recover up to 3.4% in 2021, according to the World Bank’s latest economic update for Europe and Central Asia.
19:29 29/03/2021Fitch forecast Armenia's debt to GDP ratio to peak at 67.6% at the end of 2021Fitch Ratings has affirmed Armenia's Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at 'B+' with a stable outlook.
15:31 26/03/2021Georgia opposes regional platform for cooperation with participation of RussiaGeorgian Foreign Minister David Zalkaliani declared on Thursday at a press conference in Tbilisi that his country does not intend to work at a joint regional platform with the participation of...
17:44 25/03/2021FRV reaches financial close with IFC, EBRD and Ameriabank for largest Utility Scale Solar Power Plant in Armenia▪ 55 MW Masrik-1 Solar Farm will produce enough clean energy to supply more than 20,000 homes and avoid the emission of over 40,000 tons of CO2 annually.
17:06 25/03/2021IFC study identifies barriers facing women entrepreneurs in ArmeniaWomen entrepreneurs in Armenia seek more bank loans to start a business than their male counterparts, reveals a new report released by IFC, a member of the World Bank Group, as part of a program...
19:53 24/03/2021Ameriabank named Best Bank in Armenia 2021 by Global FinanceAmeriabank was named “The Best Bank in Armenia 2021” by Global Finance during its 28th annual awards for the World’s Best Banks, the Bank informed in a statement.
18:18 24/03/2021Mher Grigoryan: The restoration of railway, roadways and Soviet infrastructure under discussions"The trilateral working group on Nagorno-Karabakh continues its work and has already held several meetings," Armenia's Deputy Prime Minister Mher Grigoryan stated on Wednesday during the Q/A session...
16:45 24/03/2021Deepen trade with Turkey but ready sanctions, EU report saysThe European Union should start negotiations on deeper trade ties with Turkey but be ready to impose economic sanctions if Ankara moves against the bloc’s interests, according to a report prepared...
20:01 22/03/2021China sanctions EU officials in response to Uyghur rowChina on Monday said it had decided to impose sanctions on 10 European Union citizens, including politicians, for "gross interference" in its internal affairs, and for "flagrantly violating...
15:03 19/03/2021EU halts sanctions on Turkey oil executives as ties improveThe European Union has frozen plans to blacklist more senior executives at Turkey’s state-owned Turkish Petroleum Corporation (TPAO), four diplomats said, in the clearest sign that a diplomatic...
14:43 19/03/2021UN Spokesperson does not comment on the political decision to hold elections in ArmeniaStéphane Dujarric, Spokesperson for the Secretary-General of the United Nations, has commented the question relating to the snap parliamentary elections in Armenia scheduled for June 20, Armenpress...
12:31 18/03/2021U.N. body raises global economic growth forecast for 2021The global economy is set to grow by 4.7% this year thanks to a stronger-than-expected recovery in the United States, a report by the U.N.