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Economic activity in Armenia grew by 4.4% in 4 months
... growth is expected to be within 7-4.8% by the end of 2025, 4.7-4.1% in 2026, and 4.7-6.1% in 2027. The EDB forecasts Armenia's GDP growth at 5.5% in 2025. The WB expects Armenia's economy to grow by 4% in 2025, the IMF by 4.5%, the EBRD by 5%, and the ADB by 6%. According to the forecast of Fitch Ratings, Armenia's economic growth in 2025 will be 4.9%, and the UN expects the Armenian economy to grow by 5.2% in 2025. ($1 - 383.77 drams) -0-
05/26/2025EDB names main drivers of Armenia's economic growth in Q1
... Armenia's GDP growth is expected to be within 7-4.8%, in 2026 - 4.7-4.1%, in 2027 - 4.7-6.1%. The EDB forecasts Armenia's GDP growth at 5.5% in 2025. The WB expects Armenia's economy to grow by 4% in 2025, the IMF - by 4.5%, the EBRD - by 5%, and the ADB - by 6%. According to the forecast of Fitch Ratings, the Armenian economy will grow by 4.9% in 2025, and the UN expects the Armenian economy to grow by 5.2% in 2025. The Armenian state budget for 2025 sets inflation at 3% (±1%). Inflation in Armenia ...
05/26/2025EBRD leaves Armenia’s economic growth forecast unchanged for 2025 and 2026, but points out risks
... growth is expected to be within 7-4.8% by the end of 2025, 4.7-4.1% in 2026, and 4.7-6.1% in 2027. The EDB forecasts Armenia's GDP growth at 5.5% in 2025. The WB expects Armenia's economy to grow by 4% in 2025, the IMF by 4.5%, the EBRD by 5%, and the ADB by 6%. According to the forecast of Fitch Ratings, Armenia's economy will grow by 4.9% in 2025, and the UN expects the Armenian economy to grow by 5.2% in 2025. The inflation rate in the Armenian state budget for 2025 is set at 3% (±1%). Inflation ...
05/13/2025Converse Bank Joins the Asian Development Bank's Green Finance Commitment
Converse Bank announces its participation in the Asian Development Bank’s (ADB) technical assistance program “Advancing Green Finance for Sustainable Development.” YEREVAN, May 7. /ARKA/. Converse Bank announces its participation in the Asian Development Bank’s (ADB) technical assistance program “Advancing Green ...
05/07/2025Finance Minister: Amulsar mine launch may have positive impact on Armenia’s GDP growth within 0.5%
... growth is expected to be within 7-4.5% by the end of 2025, 4.7-4.1% in 2026, and 4.7-6.1% in 2027. The EDB forecasts Armenia's GDP growth at 5.5% in 2025. The WB expects Armenia's economy to grow by 4% in 2025, the IMF by 4.5%, the EBRD by 4.8%, and the ADB by 6%. According to the forecast of Fitch Ratings, Armenia's economy will grow by 4.9% in 2025, and the UN expects the Armenian economy to grow by 5.2% in 2025 and by 4.7% in 2026. On financing of mine Earlier, Lydian Armenia CEO Hayk Aloyan stated ...
05/02/2025WB downgrades Armenia's economic growth forecast for 2025 and 2026
... Armenia's GDP growth is expected to be within 7-4.8%, in 2026 - 4.7-4.1%, in 2027 - 4.7-6.1%. The EDB forecasts Armenia's GDP growth at 5.5% in 2025. The WB expects Armenia's economy to grow by 4% in 2025, the IMF - by 4.5%, the EBRD - by 4.8%, and the ADB - by 6%. According to the forecast of Fitch Ratings, the Armenian economy will grow by 4.9% in 2025, and the UN expects the Armenian economy to grow by 5.2% in 2025 and by 4.7% in 2026. ($1 - 389.56 drams)
05/02/2025Economic activity in Armenia increased by 4.1% in the first quarter
....1% and 4.7%, while 2027 is expected to see growth rates from 4.7% to 6.1%. Various organizations have provided forecasts for Armenia's GDP growth: the EDB estimates it at 5.5% for 2025, the World Bank at 5%, the IMF at 4.5%, the EBRD at 4.8%, and the ADB at 6%. Fitch Ratings projects a 4.9% growth, while the UN forecasts a growth of 5.2% for 2025, followed by 4.7% in 2026. ($1 equals 389.56 drams)
04/25/2025ADB country director for Armenia assesses impact of Trump Tariffs on Armenian economy
Don Lambert, Country Director of the Asian Development Bank (ADB) in Armenia, assessed the impact of the tariffs imposed by US President Donald Trump on the Armenian economy. YEREVAN, April 10. /ARKA/. Don Lambert, Country Director of the Asian Development Bank (ADB) in Armenia, assessed the impact of the tariffs ...
04/10/2025ADB Country Director for Armenia Names 4 Factors for Armenia's Economic Growth in 2025
Asian Development Bank (ADB) Country Director for Armenia Don Lambert has named four factors for the country's economic growth in 2025. YEREVAN, April 9. /ARКА/. Asian Development Bank (ADB) Country Director for Armenia Don Lambert has named four factors for the country's ...
04/09/2025EDB names drivers of inflation acceleration in Armenia in March
....6% by the end of 2025. The forecast for 2026 is 2.9-3.1%, and for 2027, it is projected to be 3%. The World Bank expects inflation in Armenia to reach 3.5% in 2025 and 4% in 2026. The IMF forecasts a 3.7% increase in prices for 2025. According to the ADB, inflation in Armenia will be 2.5% in 2025. The EDB anticipates inflation to be around 3.1% by the end of this year.
04/07/2025Electric buses, depot repairs and a new forest park: a $200 million investment program is being implemented in Yerevan
... its own infrastructure. She emphasized that the program contains a significant concession component. “It is also planned to attract funding from the UN Global Climate Fund for Armenia... Currently, within the framework of the Asian Development Bank (ADB) program, a competition has been announced to hire a consultant for the program’s implementation. The deadline expired on March 25, and we are now awaiting the results. The further progress of the program will depend on the decision made by the ...
03/31/2025Economic activity in Armenia increased by 4.1% in 2 months of 2025
... in the range of 4.8%-7% by the end of 2025, 4.1%-4.7% in 2026, and 4.7%-6.1% in 2027. The EDB forecasts Armenia's GDP growth at 5.5% in 2025. The World Bank expects Armenia's economy to grow by 5% in 2025, the IMF by 4.9%, the EBRD by 4.8%, and the ADB by 6%. According to the forecast from Fitch Ratings, Armenia's economy will grow by 4.9% in 2025, while the UN expects the Armenian economy to grow by 5.2% in 2025 and by 4.7% in 2026. ($1 = 391.83 AMD)
03/25/2025Electric buses, new depot, and metro modernization: Yerevan Municipality discussed projects with ADB
Yerevan Mayor Tigran Avinyan and the Asian Development Bank delegation led by ADB Director General for Central and West Asia Yevgeny Zhukov discussed on Monday the status of jointly implemented projects noting the effective cooperation between Yerevan Municipality and ADB. YEREVAN, March 19. /ARKA/. Yerevan Mayor Tigran Avinyan ...
03/19/2025Inflation in Armenia reaches the Central Bank’s target range – EDB
... range of 3.9-3.2% by the end of 2025, with forecasts for 2026 at 4.2-3.8% and for 2027 at 4%. The World Bank expects inflation in Armenia to be 3.5% in 2025 and 4% in 2026. The IMF predicts that prices in Armenia will rise by 3.7% in 2025. According to ADB forecasts, inflation in Armenia will be 2.5% in 2025. The EDB expects inflation to reach 3.1% by the end of this year.
03/10/2025Armenia jointly with Korea and ADB to implement $300,000 “green urban development” project
... experience and create a “green” urban planning environment with minimal environmental impact in the implementation of large-scale urban development projects,” stressed David Grigoryan, First Deputy Chairman of the Urban Development Committee. ADB Resident Mission Director in Armenia Don Lambert highlighted the importance of the program in terms of energy efficiency and green building. “We know that there are a lot of emissions in the construction industry and we intend to work together to ...
03/07/2025EDB names reason for 10.4% decline in Armenia's industrial sector
... Armenia's GDP growth is expected to be between 7.1-4.8% in 2025, 4.7-7% in 2026, and 5-6.2% in 2027. EDB forecasts Armenia's GDP growth of 5.5% in 2025. The WB expects Armenia's economy to grow by 5% in 2025, IMF - by 4.9%, EBRD - by 5% (4.5% in 2026), ADB - by 6%. Fitch Ratings forecasts Armenia's economy to grow by 4.9% in 2025, while the UN expects the Armenian economy to grow by 5.2% in 2025 and 4.7% in 2026.
03/03/2025Armenia's cumulative GDP growth in 2018-2024 amounted to 43.5% - Pashinyan
... The EDB (Eurasian Development Bank) predicts Armenia's GDP growth to be 5.5% in 2025. The World Bank expects a 5% increase in Armenia's economy in 2025, while the IMF projects growth of 4.9%, the EBRD forecasts a 5% increase (4.5% in 2026), and the ADB expects a 6% rise. According to the Fitch Ratings agency, Armenia's economy is expected to grow by 4.9% in 2025, while the UN forecasts a 5.2% growth for Armenia in 2025 and 4.7% in 2026.
02/28/2025EBRD improves Armenia's economic growth forecast for 2025, but points to risks
... Eurasian Development Bank (EDB) forecasts a 5.5% GDP growth for Armenia in 2025. The World Bank (WB) expects a 5% growth, the International Monetary Fund (IMF) forecasts 4.9%, the EBRD expects 5% (with 4.5% in 2026), and the Asian Development Bank (ADB) anticipates a 6% growth. According to Fitch Ratings, Armenia's economy is expected to grow by 4.9% in 2025, while the United Nations forecasts a 5.2% growth in 2025 and 4.7% in 2026.
02/28/2025Economic activity in Armenia in January increased by 7.1%
... between 7.1% and 4.8%, in 2026 between 4.7% and 7%, and in 2027 between 5% and 6.2%. The EDB forecasts Armenia’s GDP growth at 5.5% for 2025. The World Bank expects Armenia’s economy to grow by 5% in 2025, the IMF by 4.9%, the EBRD by 4.8%, and the ADB by 6%. According to Fitch Ratings, Armenia's economy is expected to grow by 4.9% in 2025, while the UN forecasts a 5.2% growth in 2025 and 4.7% in 2026.
02/25/2025EDB expects high growth rates in Armenia’s economy to continue in 2025
... Central Bank, Armenia's GDP growth is expected to be between 7.1% and 4.8% by the end of 2025, between 4.7% and 7% in 2026, and between 5% and 6.2% in 2027. The World Bank expects a 5% growth, the IMF predicts 4.9%, the EBRD forecasts 4.8%, and the ADB projects 6%. According to Fitch Ratings' forecast, Armenia’s economy will grow by 4.9% in 2025, while the UN expects growth of 5.2% in 2025 and 4.7% in 2026.
02/24/2025EFSD review: Armenia's economy slows down significantly, 2025-2027 forecast is 5%
... Armenia's GDP growth is expected to be in the range of 4.8%–7.1%, in 2026 it is forecasted at 4.7%–7%, and in 2027 at 5%–6.2%. The EDB forecasts Armenia's GDP growth in 2025 at 5.5%, the World Bank at 5%, the IMF at 4.9%, the EBRD at 4.8%, and the ADB at 6%. According to the Fitch Ratings agency forecast, Armenia's economic growth in 2025 will be 4.9%, and S&P's forecast is around 5.5%. About the Fund The Eurasian Fund for Stabilization and Development (EFSD) is a regional financial mechanism with ...
02/13/2025EDB expects price growth to accelerate in Armenia
... expected to range from 3.9% to 3.2% by the end of 2025. The forecast for 2026 is 4.2%-3.8%, while for 2027, it is 4%. The World Bank expects inflation in Armenia to be 3.5% in 2025 and 4% in 2026. The IMF forecasts a 3.7% increase in prices in 2025. The ADB expects inflation to rise to 2.5% in 2025. The EDB anticipates inflation in Armenia to reach 3.1% by the end of 2025.
01/20/2025WB improves Armenia's economic growth forecast for 2025
... 5% growth in 2025. The International Monetary Fund (IMF) projects 6% growth for Armenia in 2024 and 4.9% in 2025. The European Bank for Reconstruction and Development (EBRD) forecasts 6.2% growth in 2024 and 4.8% in 2025. The Asian Development Bank (ADB) predicts 5.7% growth in 2024 and 6% in 2025. Fitch Ratings expects 6% growth in 2024 and 4.9% in 2025. Standard & Poor’s (S&P) anticipates 6.2% growth in 2024, while the United Nations (UN) forecasts 6% growth for 2024, 5.2% for 2025, and 4.7% ...
01/17/2025UN predicts Armenia's economic growth at 5.2% in 2025 and 4.7% in 2026
... 2024 and 5.5% in 2025. The World Bank expects Armenia's economy to grow by 5.5% in 2024 and 5% in 2025. The IMF forecasts 6% growth in Armenia's economy in 2024 and 4.9% in 2025. The EBRD expects economic growth of 6.2% in 2024 and 4.8% in 2025. The ADB forecasts 5.7% growth in 2024 and 6% in 2025. According to Fitch Ratings, Armenia's economic growth will be 6% in 2024 and 4.9% in 2025. S&P forecasts 6.2% growth in Armenia's economy in 2024, while the UN predicts a 6% growth in 2024, 5.2% in 2025,...
01/13/2025EDB names reason behind Armenia's economic slowdown in November
... (WB) expects 5.5% growth in 2024 and 5% in 2025. The IMF predicts 6% growth for Armenia in 2024 and 4.9% in 2025. The European Bank for Reconstruction and Development (EBRD) forecasts 6.2% growth in 2024 and 4.8% in 2025. The Asian Development Bank (ADB) anticipates 5.7% growth in 2024 and 6% in 2025. According to Fitch Ratings, Armenia's economy will grow by 6% in 2024 and 4.9% in 2025. S&P forecasts a 6.2% growth for 2024, while the UN expects 5.2% growth in 2024 and 4.8% in 2025.
12/30/2024Consumer prices in Armenia increase by 0.2% in 11 months
... for 2027. The World Bank (WB) expects inflation in Armenia to be 3% in 2024, 3.5% in 2025, and 4% in 2026. The International Monetary Fund (IMF) predicts that prices in Armenia will rise by 3.1% in 2024 and by 3.7% in 2025. The Asian Development Bank (ADB) forecasts inflation to be 0.8% in 2024, with a rise to 2.5% in 2025. The Eurasian Development Bank (EDB) expects inflation in Armenia to be 1.8% by the end of 2024 and 3.1% by the end of 2025.
12/25/2024Armenia's economic activity growth slowed to 7.4% in first 11 months of 2024
... in 2024 and 5% in 2025. The International Monetary Fund (IMF) forecasts 6% growth for 2024 and 4.9% for 2025. The European Bank for Reconstruction and Development (EBRD) anticipates 6.2% growth for 2024 and 4.8% for 2025. The Asian Development Bank (ADB) forecasts 5.7% growth in 2024 and 6% in 2025. Fitch Ratings expects 6% growth for Armenia in 2024 and 4.9% in 2025. Standard & Poor's (S&P) predicts 6.2% growth in 2024, while the United Nations expects 5.2% growth in 2024 and 4.8% in 2025.
12/25/2024IMF forecasts economic growth slowdown in Armenia
... for Armenia in 2024 and 5.5% in 2025. The World Bank anticipates 5.5% growth in 2024 and 5% in 2025. The IMF forecasts a 6% growth rate for Armenia in 2024, with a slowdown to 4.9% in 2025. The EBRD expects growth of 6.2% in 2024 and 4.8% in 2025. The ADB projects 5.7% growth for 2024 and 6% for 2025. Fitch Ratings forecasts 6% growth in 2024 and 4.9% in 2025, while S&P predicts 6.2% growth in 2024. The UN expects the Armenian economy to grow by 5.2% in 2024 and 4.8% in 2025.
12/18/2024EDB excludes risk of “overheating” in Armenian economy from construction and lending (EXCLUSIVE)
... GDP growth at 6% in 2024 and 5.5% in 2025. The WB expects the economy to grow by 5.5% in 2024 and 5% in 2025. The IMF forecasts a 6% growth for Armenia in 2024 and 4.9% in 2025. The EBRD expects economic growth of 6.2% in 2024 and 4.8% in 2025. The ADB forecasts 5.7% growth for 2024 and 6% for 2025. According to Fitch Ratings, the economy will grow by 6% in 2024 and 4.9% in 2025. S&P forecasts 6.2% growth for 2024, and the UN expects the Armenian economy to grow by 5.2% in 2024 and 4.8% in 2025....
12/12/2024Armenia's economy to grow 6% in 2024, Central Bank head
... Armenia's GDP growth at 6% in 2024 and 5.5% in 2025. The World Bank expects it to grow by 5.5% in 2024 and 5% in 2025. The IMF forecasts a 6% growth in 2024, with 4.9% growth in 2025. The EBRD predicts economic growth at 6.2% in 2024 and 4.8% in 2025. The ADB forecasts 5.7% growth for 2024 and 6% for 2025. According to Fitch Ratings, the Armenian economy will grow by 6% in 2024 and 4.9% in 2025. S&P predicts a 6.2% growth in 2024, while the UN expects Armenia's economy to grow by 5.2% in 2024 and 4.8% ...
12/10/2024EDB forecasts 1.8% inflation and further refinancing rate cut in 2024
... 4% and 3.2%, for 2026 it’s 4.2% to 3.8%, and for 2027 it’s 4%. The World Bank expects inflation in Armenia to reach 3% in 2024, 3.5% in 2025, and 4% in 2026. The IMF predicts a 3.1% price increase in Armenia in 2024 and 3.7% in 2025. According to ADB forecasts, inflation will be 0.8% in 2024, and will accelerate to 2.5% in 2025. The EDB expects inflation to reach 1.8% by the end of the current year and 3.1% by the end of 2025.
12/09/2024EDB develops non-sovereign financing database to track investments by international financial institutions in Eurasia
... finances, the promotion of private sector development and the accumulation of additional private capital. The EDB’s database consolidates publicly available data on non-sovereign operations by IFIs in the region, including the Asian Development Bank (ADB), the Asian Infrastructure Investment Bank (AIIB), the Eurasian Development Bank (EDB), the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), the New Development Bank (NDB), the Black Sea Trade and Development Bank (BSTDB), the International Bank for Economic Co-operation (IBEC), the International Investment Bank (IIB) and the International Finance Corporation (IFC). The NSF Database ...
12/06/2024Armenia's economic activity slows in October due to services sector slowdown – Finance Ministry
... 5.5% in 2025. The WB expects Armenia's economy to grow by 5.5% in 2024 and 5% in 2025. The IMF predicts a 6% growth in Armenia's economy in 2024 and 4.9% in 2025. The EBRD anticipates economic growth in Armenia of 6.2% in 2024 and 4.8% in 2025. The ADB projects 5.7% growth for 2024 and 6% for 2025. According to Fitch Ratings, Armenia's economy will grow by 6% in 2024 and 4.9% in 2025. S&P forecasts 6.2% growth for Armenia's economy in 2024, while the UN expects the Armenian economy to grow by 5....
12/05/2024EDB lowers Armenia's GDP growth forecast for 2024 to 6%, but raises it for 2025 to 5.5%
... to 5.1%. The World Bank expects Armenia's economy to grow by 5.5% in 2024 and 5% in 2025. The IMF forecasts 6% growth for the Armenian economy in 2024 and 4.9% in 2025. The EBRD predicts 6.2% economic growth in Armenia in 2024 and 4.8% in 2025. The ADB forecasts 5.7% for 2024 and 6% for 2025. According to Fitch Ratings, Armenia's economic growth will be 6% in 2024 and 4.9% in 2025. S&P expects 6.2% growth for Armenia in 2024, and the UN projects Armenia’s economy will grow by 5.2% in 2024 and ...
12/05/2024EBRD forecasts slower and moderate economic growth for Armenia in the medium term
... and 4.2% in 2025. The WB expects Armenia's economy to grow by 5.5% in 2024 and by 5% in 2025. The IMF forecasts 6% growth in the Armenian economy in 2024 and 4.9% in 2025. The EBRD forecasts economic growth in Armenia at 6.2% in 2024 and 4.8% in 2025. ADB forecasts 5.7% for 2024 and 6% for 2025. According to Fitch Ratings, Armenia's economic growth will be 6% in 2024 and 4.9% in 2025. S&P forecasts 6.2% growth for Armenia in 2024, and the UN expects the Armenian economy to grow by 5.2% in 2024 and ...
11/27/2024IMF: Armenia's economy to grow by up to 5.5% by 2028
... 7.5% in 2024 and 4.2% in 2025. The World Bank expects the Armenian economy to grow by 5.5% in 2024 and 5% in 2025. The IMF projects a 6% growth rate for 2024 and 4.9% for 2025. The EBRD forecasts economic growth at 6.2% in 2024 and 4.8% in 2025. The ADB expects growth of 5.7% in 2024 and 6% in 2025. According to Fitch Ratings, Armenia's economy will grow by 6% in 2024 and 4.9% in 2025. S&P predicts 6.2% growth for 2024, while the UN anticipates 5.2% growth in 2024 and 4.8% in 2025.
11/26/2024Consumer prices in Armenia show zero growth in 10 months, same as last month
... 4-3.2%, for 2026 it is 4.2-3.8%, and for 2027 it is 4%. The World Bank expects inflation in Armenia to be 3% in 2024, 3.5% in 2025, and 4% in 2026. The IMF predicts that prices in Armenia will increase by 3.1% in 2024 and by 3.7% in 2025. According to ADB forecasts, inflation in Armenia will be 0.8% in 2024, and it will accelerate to 2.5% in 2025. The EDB expects inflation in Armenia to be 1.5% by the end of this year. -0-
11/25/2024ADB explores special economic zone in Gyumri
A delegation from the Asian Development Bank (ADB) visited Armenia from October 28 to November 1 to assess the potential for establishing a special economic zone in Gyumri. YEREVAN, November 15. /ARKA/. A delegation from the Asian Development Bank (ADB) visited Armenia from October 28 to November ...
11/15/2024Slowdown in inflation in Armenia is linked to price dynamics in the food segment – EDB
... of 2024, the forecast for 2025 is 4-3.2%, for 2026 - 4.2-3.8%, for 2027 - 4%. The WB expects inflation in Armenia to be 3% in 2024, 3.5% in 2025 and 4% in 2026. The IMF forecasts that prices will rise by 3.1% in 2024 and by 3.7% in 2025. According to ADB forecasts, inflation will be 0.8% in 2024 and accelerate to 2.5% in 2025. EDB expects inflation at the level of 1.5% at the end of the current year. -0-
10/07/2024ADB Improves Armenia's economic growth forecast for 2024 to 6%, 2025 forecast unchanged
The Asian Development Bank (ADB) expects Armenia's economy to grow by 6% in 2024, with a forecast of 6% for 2025, according to the ADB's ‘’Asian Development Outlook’’ (September 2024) report. YEREVAN, September 26 /ARKA/. The Asian ...
09/26/2024Consumer prices in Armenia fell by 0.1% in January-August
... inflation is expected to be within 2.1-2% by the end of 2024.-0- The WB expects inflation in Armenia to be 3% in 2024, 3.5% in 2025 and 4% in 2026. The IMF forecasts that prices in Armenia will rise by 3.1% in 2024 and by 3.7% in 2025. According to ADB forecasts, inflation in Armenia will be 3% in 2024 and accelerate to 3.5% in 2025 under conditions of monetary policy easing. EDB expects inflation in Armenia at the level of 1.5% at the end of the current year. -0-
09/25/2024Armenia’s consumer prices decrease by 0.3% in January-July 2024
... institutions have also provided inflation forecasts for Armenia: The World Bank expects inflation to be 3% in 2024, 3.5% in 2025, and 4% in 2026. The IMF forecasts a 3.1% increase in prices in 2024 and a 3.7% increase in 2025. The Asian Development Bank (ADB) predicts 3% inflation in 2024, rising to 3.5% in 2025 due to the easing of monetary policy. The Eurasian Development Bank (EADB) expects inflation in Armenia to be around 1.5% by the end of 2024.
08/26/2024Armenia's economic activity grows by 9.6% in January-July 2024
... 7.5% GDP growth in 2024 and 4.2% in 2025. The World Bank expects Armenia's economy to grow by 5.5% in 2024 and 4.9% in 2025. The IMF predicts a 6% growth in 2024. The EBRD forecasts a 6.2% growth in 2024 and 4.8% in 2025. The Asian Development Bank (ADB) projects a 5.7% growth for 2024 and 6% for 2025. According to Fitch Ratings, Armenia's economy will grow by 6% in 2024 and 4.9% in 2025. S&P predicts a 6.2% growth for 2024, while the UN expects a 5.2% increase in 2024 and 4.8% in 2025.
08/26/2024Armenia to receive €75m loan from French Development Agency
... Committee. Discussions on the third stage have also started," Hovhannisyan said. According to the Minister, the programme is implemented jointly with the Asian Development Bank. According to the Minister, the signing of the loan agreement with ADB is expected soon after the approval of the Bank's Board of Directors. The budgetary aid funds will be used to finance the state budget deficit in 2024. The maturity of the principal debt will be 20 years," Hovhannisyan noted. -0-
08/08/2024Landlocked Armenia must make the best use of human resources - ADB head in Armenia (exclusive)
... allocates considerable funds to the countries of its presence to combat climate change in order to ensure sustainable development. Armenia is not an exception in this context. In an interview with ARKA news agency, Don Lambert, Country Director for ADB's Armenia Resident Mission, speaks about the ongoing and planned investment projects, as well as highlights their environmental component. ARKA - Mr. Lambert, President of the Asian Development Bank Masatsuga Asakawa stated at a meeting with Armenian ...
08/01/2024Fitch ratings revises Armenia's economic growth projections
... economy to grow by 5.5% in 2024 and 4.9% in 2025. International Monetary Fund (IMF): Forecasts a 5% growth for 2024. European Bank for Reconstruction and Development (EBRD): Anticipates a 6.2% growth in 2024 and 4.8% in 2025. Asian Development Bank (ADB): Projects 5.7% growth in 2024 and 6% in 2025. Fitch Ratings: Predicts 6% growth in 2024, 5.5% in 2025, and 5.1% in 2026. Standard & Poor's (S&P): Forecasts a 6.2% growth in 2024. United Nations (UN): Expects the economy to grow by 5.2% in 2024 and ...
07/29/2024Armenia’s economic activity shows 10.4% growth in H1 2024
... Bank (EDB): 5.7% in 2024 and 5.3% in 2025. World Bank: 5.5% in 2024 and 4.9% in 2025. International Monetary Fund (IMF): 5% growth in 2024. European Bank for Reconstruction and Development (EBRD): 6.2% in 2024 and 4.8% in 2025. Asian Development Bank (ADB): 5.7% in 2024 and 6% in 2025. Fitch Ratings: 6% in 2024 and 4.9% in 2025. Standard & Poor's (S&P): 6.2% in 2024. United Nations (UN): 5.2% in 2024 and 4.8% in 2025. (Conversion rate: $1 = 388.40 drams)
07/26/2024Armenia requests ADB funding of 236 million euros for construction of Sisian-Kajaran road
Armenia has officially applied to the Asian Development Bank (ADB) in order to obtain EUR 236 million funding for the construction of Sisian-Kajaran road, the Armenian Finance Ministry said following a meeting of Minister Vahe Hovhannisyan with ADB Deputy Executive Director Levelin Charles Roberts in Yerevan. ...
07/18/2024World Bank: Armenia’s economic indicators decline in May due to industrial, trade slowdown
... and 4.2% in 2025. The World Bank anticipates the Armenian economy to grow by 5.5% in 2024 and 4.9% in 2025. The IMF projects a 6% growth in the Armenian economy in 2024. The EBRD forecasts 6.2% economic growth in Armenia in 2024 and 4.8% in 2025. The ADB predicts 5.7% growth in 2024 and 6% in 2025. According to Fitch Ratings, Armenia's economic growth will be 6% in 2024 and 4.9% in 2025. S&P forecasts 6.2% growth in 2024, while the UN expects Armenia's economy to grow by 5.2% in 2024 and 4.8% in 2025....
07/16/2024World Bank: growth in Armenia’s economic activity eased to 13.2 % In January-April
... range of 6.1-6.8%. The World Bank expects the Armenian economy to grow by 5.5% in 2024, and by 4.9% in 2025. The IMF predicts 5% growth for the Armenian economy in 2024. The EBRD forecasts economic growth in Armenia of 6.2% in 2024 and 4.8% in 2025. ADB forecasts are 5.7% for 2024 and 6% for 2025. According to the forecast of the Fitch Ratings agency, the economic growth of Armenia in 2024 will be 6%, and 4.9% in 2025. S&P forecasts 6.2% growth for the Armenian economy in 2024, and the UN expects ...
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