Armenia’s central bank cuts key rate by 1 percentage point to 8.75%

|

USD

391.8

EUR

422.79

RUB

4.6543

GEL

141.19

Economy

22.12.2015, 17:14

Armenia's Central Bank on Tuesday decided to reduce the refinancing rate by 1 percentage point to 8.75%.

Armenia’s central bank cuts key rate by 1 percentage point to 8.75%

YEREVAN, December 22. /ARKA/. Armenia's Central Bank on Tuesday decided to reduce the refinancing rate by 1 percentage point to 8.75%.

Before that the regulator cut the refinancing rate on 10 November 2015 by lowering it from 10.25% to 9.75% .

Annual inflation in Armenia was at 1.2 percent in November, down from 1.9 percent in October, according to central bank data. -0-

Armenia approves state support program for plant growing worth 1.5 billion drams

At a meeting on Thursday, the Armenian government approved a program to promote the development of crop production for 2025, the cost of which will be approximately 1.5 billion drams.

27.03.2025 13:38

Economy, energy, culture: Armenia and Turkmenistan outline directions for developing economic cooperation

The 10th anniversary meeting of the Intergovernmental Commission on Economic Cooperation between the Republic of Armenia and Turkmenistan was held on Wednesday in Yerevan.

27.03.2025 09:20

Armenia ratifies double taxation avoidance agreement with Hong Kong

On Wednesday, the National Assembly of Armenia ratified an agreement on the avoidance of double taxation of income between the Republic of Armenia and Hong Kong during its regular session.

26.03.2025 11:40

Armenia's foreign trade turnover in January-February decreased by 52%, to $2.8 billion.

According to preliminary statistics, the volume of foreign trade turnover in Armenia in January-February 2025 amounted to $2,785.8 million, which is 52% lower than the figure for the same period in 2024, the National Statistical Committee of Armenia reports.

25.03.2025 16:31

Armenia's foreign trade turnover in January-February slashed by 52% to $2.8 bln

Armenia's foreign trade in the first two months of 2025 amounted to $2,785.8 million, which is 52% lower than in January-February 2024, the National Statistical Committee reported.

25.03.2025 16:19

Electricity generation in Armenia increased by 6.9% in the first two months of 2025

According to operational statistics, the volume of electricity production in January-February 2025 increased by 6.9% compared to the same period in 2024, the National Statistical Committee of Armenia reports.

25.03.2025 15:00

Consumer prices in Armenia increased by 2.1% in January-February

According to preliminary data, consumer prices in Armenia increased by 2.1% in January-February 2025 compared to the same period in 2024, according to the National Statistical Committee (NSC) of Armenia.

25.03.2025 14:50

Deputy Minister of Economy reveals reason behind decline in trade with European Union

Armenian Deputy Economy Minister Narek Hovakimyan revealed the main reason behind the decline in the trade turnover with the EU in 2024.

24.03.2025 17:48