#ARMENIA
Ameriabank is absolute leader in Armenia’s banking sector
Ameriabank said today based on 2016 results, it was absolute leader in the banking sector of Armenia in terms of all key financial indicators - assets, liabilities to clients, total capital, loan book and net profit. Besides, the bank reported strong performance in retail banking, with the data presented in the infographics.Armenian Goris proclaimed CIS cultural capital in 2018
Goris, a town in the southern Armenian province of Syunik, has been proclaimed the cultural capital of the Commonwealth of Independent States (CIS) in 2018, the Armenian foreign ministry said, saying also that the decision was taken at a meeting of the Council of Foreign Ministers of the CIS in Tashkent, Uzbekistan.Armenian government agency fails to auction cultivated pearls
The State Depository of Precious Metals and Precious Stones, an affiliation of the Armenian Ministry of Finance, failed to auction 102,793 grams of cultivated pearls, the depository’s director Vahe Arakelyan told ARKA news agency.European Union to provide tens of millions of euros to Armenia for implementation of reforms
Under an agreement signed in 2016 the European Union will provide the government of Armenia with 20 million euros for financing a program of public administration reforms, Hoa-Binh Adjemian, the head of Cooperation Section of the EU Delegation to Armenia, told journalists on Friday.Armenia government revenue collection rate improves by 10.5 percent in first quarter
Armenian tax authorities collected a total of 255 billion drams in taxes and customs duties in the first quarter of 2017, by 24.3 billion drams (10.5%) more than in the same time span of 2016, the State Revenue Committee (SRC) said.Asian Development Bank predicts 2.2% growth for Armenia in 2017
The Asian Development Bank has forecast a 2.2% economic growth for Armenia for 2017 and a 2.5% growth for 2018, according to its 2017 outlook. According to the report, weak domestic demand and the onset of deflation slowed growth to 0.2% in 2016 despite a higher fiscal deficit and a narrower trade deficit.Armenian government department of state property management to become business structure
Armenian prime minister Karen Karapetyan asked today the head of the department of state property management Arman Sahakyan to submit proposals to transform this agency into a business structure.Armenian finance minister says food price rise is natural
Armenian finance minister Vardan Aramyan described the latest rise in food prices as ‘natural,’ saying the ongoing deflation is putting brakes on the country’s economic development because ‘for a country like Armenia, inflation is normal when it is within 4%.’Second phase of program to extend service life of Armenian nuclear power plant will kick off in May
The second phase of a program designed to extend the service life of the Armenian nuclear power plant will kick off in May, the ministry of energy infrastructure and natural resources said today.News 15901 - 15920 of 18470
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