“Central Bank Chief Artur Javadyan and President of Latvia Discuss Cooperation and Prosperity”
The head of the Central Bank of Armenia, Artur Javadyan, met with the President of Latvia to discuss cooperation between Armenia and the EU, including regional integration. They also talked about ongoing reforms in Armenia and the prospects of a cooperation agreement with Azerbaijan for peaceful development in the region.
“Dram-atic Inaction: No Measures Taken to Halt Armenian Currency Depreciation, Reveals Central Bank”
No measures taken regarding Armenian dram depreciation as opposite signals observed, says CBA President. Market intervention to manage expectations. Details on NEWS.am’s Telegram.
“Armenian Government Strikes Multi-Million Euro Deal with Asian Development Bank for Urban Development Program”
Government announces loan agreement for Yerevan Urban Development Program with the Central Bank of Armenia and Asian Development Bank. The 60,090,000 euros loan aims to improve transportation in Yerevan, including the reconstruction of Isakov-Arshakunyats highway and the construction of necessary bridges and a pedestrian bridge. The project is set to be completed by 2027.
“Banks in Armenia Facing Challenges: No Windfall Profits, President of Central Bank Calls for Investigation”
Banks in Armenia not making windfall profits, says Central Bank President Galstyan. Calls for internal investigation and highlights price increases in all services, including bank notifications. Also highlights banks’ inability to invest in technological development.
“US Dollar Weakens Against Armenian Dram While Euro and Pound Strengthen; Russian Ruble Remains Unchanged”
The USD exchange rate in Armenia today is 405.81 AMD, decreasing by 0.14 AMD. Euro rate is 443.87 AMD (increasing by 1.06 AMD), GBP rate is 515.42 AMD (increasing by 1.41 AMD), and RUB rate is 4.49 AMD (unchanged). Find more news at NEWS.am.
“Central Bank CEO Stresses Resolution of Karabakh Grievances as Condition for Peaceful Settlement”
The resolution of grievances in Karabakh is crucial for negotiation and peace, says Martine Galstyan of the Central Bank of Armenia. Providing assistance to displaced persons affects expenditure and real estate prices. CBA aims to reduce inflation for conflict-free management expenses, stimulating economic development and investment attraction. No substantial wage changes needed. Source: News.am.
Armenia’s Construction Sector Surges: Annual Growth Exceeds Expectations
Construction sector in Armenia to experience higher than expected annual growth of 8.3%. President of the Central Bank predicts 6.1% growth for next year. Development and support services contribute to sector’s high activity rate.
ARMSVISBANK Awarded “Best Financial Partner of the Central Bank of Armenia” for Exceptional Contributions in Integration Insurance
ARMSVISBANK awarded “Best Financial Partner of Central Bank of Armenia” for its successful collaboration and support in implementing various integration insurance products. Over 1100 financing transactions valued at 60 billion AMD have been facilitated so far. The bank’s commitment towards promoting development and accessibility of financial resources will continue.