IMF: Armenia's 2025 budget well-balanced

... expenditures total 3.4 trillion drams (of which 2.7 trillion drams are current expenditures, and 734 billion drams are capital expenditures). The deficit is 604 billion drams. Economic growth is projected at 5.1%, with average inflation at 3.5%. The government debt-to-GDP ratio is forecasted at 54.3%. ($1 = 394.59 drams)

Armenia faces financial trilemma – State Revenue Committee Head

... countries are experiencing. YEREVAN, December 17. /ARKA/. Eduard Hakobyan, the head of Armenia's State Revenue Committee, stated that Armenia is facing a trilemma that many countries are experiencing. "We are facing a problem of growing public debt and increasing expenses. In recent years, we have found ourselves in a situation where spending must be raised to a whole new level. There are security concerns, expenses for our compatriots from Artsakh, and at the same time, we want to develop ...

EDB excludes risk of “overheating” in Armenian economy from construction and lending (EXCLUSIVE)

... stated by Alexei Kuznetsov, head of the EDB's analytical work directorate, in an interview with ARKA news agency "Certain conditions must be in place for “overheating” to occur, including excess consumer demand, inflation, and an increase in the debt burden on households. However, there are no such risks at the moment," he said. The head of the bank's analytics department noted that economic growth in Armenia reached 6% from January to September 2024. At the same time, the construction sector ...

EDB analysts see no risks in Armenia's public debt level

As for Armenia's public debt, the Eurasian Development Bank (EDB) does not see any risks or reasons for concern, since the public debt is at an average level and even below the average for developing economies, said Marina Sobolevskaya, head of the EDB Country Analysis Center,...

Grocery store in Artik faces accusations of $670 thousand shadow turnover

... reached 260.24 million drams. In response to warnings and requests from tax authorities, the taxpayer submitted documents with recalculations of VAT, excise tax for October and December 2023, as well as for 2024, and income tax for 2024. As a result, a debt to the state was formed, amounting to nearly 43.4 million drams in VAT and over 21.5 million drams in income tax. The company has fully repaid this debt. ($1 = 390.14 drams).

Armenia to spend more on debt servicing than on economy, healthcare, and education – MP warns of risks

During the discussions on the 2025 state budget, Artur Khachatryan, an MP from the opposition ‘’Armenia’’ faction, highlighted that the government plans to increase the national debt to over 6 trillion drams by the end of 2025. YEREVAN, November 13. /ARKA/. During the discussions on the 2025 state budget, Artur Khachatryan, an MP from the opposition ‘’Armenia’’ faction, highlighted that the government plans to increase ...

Armenian Central Bank head names measures to boost 5.6 per cent economic growth in 2025

... the parliament. According to him, this implies targeting lower economic growth compared to the medium-term programme, as a result of which the fiscal policy for 2025 will be guided by the forecast of 5.6% growth with a focus on fiscal stability and debt sustainability, as well as safeguarding of the economic potential built in recent years. Galstyan said it is expected that effective implementation of the necessary structural reforms will be required to achieve the target level of economic growth....

Staking on super-app and dividends: TelCell declares investors' interest in company's shares

... this platform, including Visa Digital card, credit products. In the future, we plan to co-operate with almost all players in the financial sector,’ Ghazaryan said.  Deposits or securities?  Araksya Harutyunyan said that in recent years Armenian citizens have started to invest their savings more in debt instruments, including corporate bonds of banks. ‘Now there is a transition from bonds to shares. In recent years, several companies have gone for IPO and successfully realised it. And successful experience is the best way to learn,’ she said....

Armenia's state budget - 2025: Former Finance Minister assesses risks of main financial document

... September 2024 envisages revenues of 2 trillion 873 billion drams, expenditures - 3 trillion 482 billion drams. 482 billion drams, deficit - 609 billion drams. Economic growth is planned at 5.6%, average inflation at 3.5%, and the ratio of government debt to GDP at 53.5%. ($1 - 387.17 drams).-0-

Armenia's economy expected to grow by 5.6 per cent in 2025 - Finance Minister

....5 per cent or 609 billion drams. The minister noted that next year the tax-to-GDP ratio is expected to make 25%. The draft state budget for 2025 approved by the Armenian government envisages an average inflation of 3.5%, and the ratio of government debt to GDP - at 53.5%. ($1 - 387.25 drams).-0-

Armenia's 2025 state budget allocates 905 billion drams for social expenditures - Ministry of Finance"

... for 2025, approved in late September 2024, projects revenues of 2.873 trillion drams, expenditures of 3.482 trillion drams, and a deficit of 609 billion drams. The budget also anticipates 5.6% economic growth, 3.5% average inflation, and a government debt-to-GDP ratio of 53.5%. (Exchange rate: $1 = 387.25 drams). -0-  

Armenia to allocate over $1.7 billion for defense in 2025- Finance Minister

... for 2025, approved in late September 2024, projects revenues of 2.873 trillion drams, expenditures of 3.482 trillion drams, and a deficit of 609 billion drams. The budget also anticipates 5.6% economic growth, 3.5% average inflation, and a government debt-to-GDP ratio of 53.5%. (Exchange rate: $1 = 387.25 drams). -0-

Pashinyan names 5 concepts that form the basis of Real Armenia's state budget

... of September 2024, calls for 2 trillion 873 billion drams in revenue and 3 trillion 482 billion drams in spending. The projected deficit is 609 billion drams. Economic growth is planned at 5.6%, average inflation -at 3.5%, and the ratio of government debt to GDP -at 53.5%. ($1 - 387.25 drams).-0-

IMF leaves Armenia's economic growth forecast unchanged for 2024 and expects a slowdown in 2025

... has widened as transitory factors subside, and tourism and remittances continue to normalize. Preliminary data indicate that prudent execution of the 2024 budget has resulted in a small overall fiscal deficit through September 2024. Central government debt remains moderate at 48.4 percent of GDP at end 2023. The banking system enjoys strong capital and liquidity buffers, along with high profitability,’ the press release said. It says also that significant risks to this outlook include geopolitical ...

World Bank left its forecast for Armenia's economic growth in 2024 unchanged, slightly improving expectations for 2025 and 2026.

... partly due to the normalization of migration, tourist inflows, and remittances from the Russian Federation,” the study says. World Bank analysts expect that in most economies in Central Europe, the Western Balkans, Armenia, and Ukraine, government debt is projected to exceed 50 percent of GDP this year. Figures and forecasts for the Armenian economy The state budget for 2024 envisages economic growth in Armenia at 7%. The Central Bank of Armenia expects the country's economic growth in 2024 to ...

How to invest in shares and make profits: a guide from Unibank Invest

... their work. ARKA - And if one wants to engage in investing oneself, what factors should be taken into account when choosing a company?  N. Gharibyan - When analysing stocks, it is important to take into account several key indicators: the company's debt load, its profitability, the relevance of the industry in which it operates, and the uniqueness of the product. It is also worth paying attention to how the company complies with the law in doing business. Among the many factors that influence stock ...

Armenian government approves draft state budget for 2025, economic growth is planned at 5.6%

... The framework of the fiscal policy was outlined with a high level of capital expenditures, the impact of which is felt by deficit, which will grow to 5.5% in 2025, but will decrease to 3% in the medium term. By the end of 2025, the ratio of government debt to GDP will be 53.5%," Hovhannisyan said. ($1 - 387.50 drams). -0-  

Analysing the company: a guide for the investor

... companies internationally, as each state sets its own taxation rules and credit rate. Market capitalisation is the value of a company on the stock exchange. It is calculated by multiplying the value of one share by the number of securities in circulation. Debt - the company's loans and borrowings. It is necessary to pay attention to short-term, long-term and net debt. The last indicator is calculated as the difference between total debt and cash, including potential earnings from the sale of liquid assets....

Armenia's total public debt rises to $12.3 billion

Armenia's total public debt as of July 31, 2024 stood at over $12.3 billion, an increase of $178.2 million from June 30, 2024, according to the National Statistical Committee. YEREVAN, September 5. /ARKA/. Armenia's total public debt as of July 31, 2024 stood at over $12....

Armenia's public debt reaches $12.1bn in first half of 2024 - Finance Minister

Armenia's public debt at the end of the first half of 2024 stood at over 4.7 trillion drams (the equivalent $12.1 billion of USD), Armenian Finance Minister Vahe Hovhannisyan said. YEREVAN, 2 September. /ARKA/. Armenia's public debt at the end of the first ...

Armenian government approves new conditions for agri-food sector development

... in the agri-food sector. Under this program, the total lease transaction amount should not exceed 1 billion AMD per entity. If an entity has obligations amounting to 1 billion AMD, it cannot acquire additional agri-food equipment until it reduces its debt to 800 million AMD, at which point it can obtain equipment worth 200 million AMD. Papoyan noted that many businesses have actively utilized this program, showing positive results in productivity, exports, and other areas. The Minister announced plans ...

Armenian Finance Minister predicts 6% GDP growth by end of 2024

... Currently, our Reserve Fund amounts to around 55 billion drams, which is sufficient to mitigate or fully neutralize potential issues that may arise if tax collections fall short," he assured. Hovhannisyan also stated that the country’s public debt has increased by approximately 443 million drams (just over $1 billion) compared to the first half of the previous year. He described this as a planned process. "We had forecasted a public debt-to-GDP ratio of 48.4% in the budget, but according ...

Harmful tips for novice investors, or how to stay out of earnings for sure

... borrow it - it will all pay off later Investing when you have no money to spare is too risky and impractical. If you manage to make a profit right away - which is also not guaranteed - you will have to pay commissions to brokers and managers, repay your debt or repay your loan. Even an effective strategy does not exclude short-term drawdowns. So, in case of market losses, you risk finding yourself in a debt trap. More trades - more profits The over-motivated novice investor follows the belief ‘the ...

S&P reaffirms Armenia's sovereign credit ratings with stable outlook

The stable outlook reflects a balance between Armenia's strong economic growth prospects and moderate levels of public debt YEREVAN, August 26. /ARKA/. On August 23, international credit rating agency S&P Global Ratings reaffirmed Armenia's long-term and short-term sovereign credit ratings in both foreign and local currency at "BB-/B." The agency also maintained ...

Armenia to receive €75m loan from French Development Agency

... 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-

Investment risks and diversification: how to build a safe and profitable portfolio

... and political systems should be treated with particular caution. Specific risks include: - Business. The company's management makes suboptimal decisions that lead to losses and even bankruptcy; - financial. The organisation is no longer able to meet debt obligations to counterparties of the company; - operational. Risky are actions with assets that are performed by the investor independently or on the instructions of a broker. For protection, an investor should monitor the condition of the issuer....

What is portfolio diversification and why is it necessary

... currency depreciation, etc. The latter are the result of ineffective individual and corporate decisions. Specific risks are the result of inefficient individual and corporate decisions. These include, for example, bankruptcy of a company or default on debt obligations. The nature of a particular financial instrument and its "behaviour" in the market, as well as the investor's approach to portfolio formation determine the type of diversification. Let us highlight the groups according to several ...

How to start investing: tips for those who want to earn on the stock exchange

.... By buying them, the investor becomes a co-owner of the business and is entitled to a percentage of the profits. Since the success of issuers is not guaranteed and the market situation can change, shares are considered a risky instrument. Bonds are debt securities of states and companies. The investor receives payments at a fixed rate for a certain period of time, and at the end of the term also returns the invested funds. Bonds are a safe instrument with a guaranteed yield in case of a reliable ...

Armenian parliament approves report on execution of 2023 state budget

... deficit. The economic growth was 8.7%, up from projected 7%. Inflation was 2%, having slowed down significantly compared to the previous year. The unemployment rate decreased by 0.9 percentage points to 12.6%. At the same time, wages rose by 14.6%. Public debt at the end of the year totalled over $11.8 billion, of which external debt stood at $6.5 billion (54.9% of the total) and the domestic debt was over $5.3 billion (45.1% of the total). --0-- --

How to achieve success in the financial market: 10 qualities of a successful investor

... outstanding investors use different strategies but are similar in their unwavering long-term commitment to principles. One of his examples is Ben Graham. The investor has always followed the same criteria for selecting an issuer: sales volume, liquidity, debt, earnings growth and its price-to-earnings ratio, and dividend payments. Over 13 years, Graham arrived at a total return of 377%, beating the market by 248%. The strategy was unprofitable in some periods, but then returned to high performance. That ...

IMF Deputy Regional Director on improving outlook for Armenia's economy and its development potential

... review of co-operation. The discussions were very productive. We discussed the remaining few outstanding issues with the Armenian delegation in Washington. In particular, the fiscal policy modalities for the coming years in order to maintain a moderate debt and, at the same time, taking into account spending priorities, including the issue of refugee integration, as well as increased infrastructure spending. We also discussed government reform programmes, including issues related to state-owned enterprises,...

Russian Channel One resumes broadcast in Armenia

... YEREVAN, 31 May. /ARKA/. The broadcast of Russia’s Channel One was resumed in Armenia, the country’s Minister of High Tech Industry Mkhitar Hayrapetyan reported on Friday. The channel’s broadcast was interrupted on 27 May due to a 2.5 million AMD debt to Armenia’s authorities. “Channel One paid its debt in full the next day, so its broadcast was resumed in Armenia,” Hayrapetyan revealed, adding that all TV channels, be it Russian or Armenian, must abide by their financial obligations. The ...

Warren Buffett: strategist, forecaster or lucky guy

... the chosen direction. Warren Buffett advises to communicate as often as possible with people who motivate your development, with someone who is on a conditionally higher level, who inspires respect and motivates you. He has a negative attitude towards debt in business, considering it the first sign that an investor will face poverty. In the case of borrowed money, expenses can exceed income and ruin the opportunity for growth. Buffett believes that any person, regardless of financial status, somehow ...

Grigori Zakaryan: “Capital markets have crucial importance for economic development.”

... and challenges for development, such as: a lack of instruments in the financial market, as well as a shortage of issuers of securities, a weak desire to enter the capital market, limited investment opportunities, etc. Currently, the money market and debt securities market is developing at a faster pace, the main participants of which are financial institutions, i.e. the banks. There are also several issuers of equities whose participation cannot be overestimated, as they will have a fundamental impact ...

Armenia's total public debt stood at over $12.1 bln in Q 1, 2024

Armenia's total public debt as of March 31, 2024, totaled over $12.1 billion, increasing by $220.249 million compared to February 29, 2024, according to the National Statistical Committee. YEREVAN, May 8. /ARKA/. Armenia's total public debt as of March 31, 2024, totaled ...

IMF predicts a period of weak growth for the world economy

... in new technology than in the United States,” the fund's head said. “The number one problem” is the already mentioned weak growth, Georgieva explained. In addition, she clarified, “problem number two” was the “very heavy burden of public debt.” At the same time, Georgieva once again warned about the fragmentation of the global economy, which is intensifying due to the current geopolitical turmoil. “Is humanity marching forward in a united front? Not at all,” the IMF chief said....

What is a risk profile and how it relates to investment strategy

... his/her holistic portrait, which makes the approach to portfolio formation more informed. Potential profitability and riskiness of instruments vary: higher profitability - more threats. Let us describe the main assets based on this principle. Bonds are debt securities with guaranteed and predictable yields. The terms and amount of payments are fixed by the contract and are known in advance. The main risk associated with bonds is bankruptcy of the issuer. However, if you buy government securities or ...

Armenia's public debt-to-GDP ratio to reach 49% in 2024 - WB expects downgrade

Armenia urges Russian Federation to invest in five enterprises handed over in exchange for debt in 2002

... purpose. Consequently, the entire capacity of the plant should work and serve the development of our economy," Pashinyan noted. Pashinyan said Armenian does not want this and some other enterprises handed over to Russia in return for Armenia’s debt to Moscow. ‘We want investments to be made in these enterprises. In fact, their potential has not been used, their doors are closed and these issues were discussed with our partners in the Russian government," Pashinyan said. The agreement ...

How can "hamster", "moose" and "Uncle Kolya" upset an investor

... trader receives from the broker. If an investor who has borrowed additional funds from the intermediary company incurs critical losses, he/she must compensate them. Otherwise, the broker will independently dispose of the assets to ensure repayment of the debt. The word "margin" means "the investor's own funds in the trading account, which serve as collateral. And "call" comes from the times when trades were made over the phone. Cutlet - all funds in a brokerage account. "Buying ...

Economist doubts Armenia can achieve 7% economic growth in 2024

... average 4%, it will mean that AMD 80 billion less taxes will be collected and the government will have to withdraw money from its Reserve Fund. And if the growth is below 4%, the Fund will be completely exhausted and we will be forced to increase foreign debt - this is a problem," Tavadyan said.-0-

Five conjectures about investing that scare us

... the lowest nominal value of government bonds does not exceed ten thousand drams. Such an investment is accessible to many people and as a result guarantees a return sufficient at least for effective saving. Besides, the income on government bonds and debt securities of companies listed on the stock exchange is not taxed. This is an advantage of the instrument over deposits. Recall that income on deposits is taxed at 10% in Armenia. You can also buy shares of large and reliable companies for a small ...

Armenia's overall state debt rises to $11.9 billion

Armenia's overall state debt as of January 31, 2024, totaled a little over $11.9 billion, increasing by $68.7 million from December 31, 2023, when it stood at over $11.8 billion, according to the National Statistical Committee. YEREVAN, March 6. /ARKA/. Armenia's overall ...

S&P expects Armenia's economy to grow by 6.2% in 2024

... helped maintain the country's macroeconomic and financial stability in recent years despite numerous external shocks. The stable outlook reflects, on the one hand, Armenia's favorable economic growth prospects and the government's maintenance of public debt at a stable and manageable level, and on the other hand, the existing external balance of payments and geopolitical risks. S&P Global Ratings said the challenges to Armenia's economy are related to the flows of forcibly displaced persons from Nagorno-Karabakh ...

Founder of ABBYY Group, David Yang, to Speak at Armenia's First Investment and Financial Forum

... for the Development of the Capital Markets." The discussion will focus on the country's potential for foreign investment, the financial market infrastructure, the current situation of the capital market, and ways to boost demand for government debt. The forum will continue with panel discussions on developing domestic investors and attracting companies to the capital market. An essential part of this segment will be the presentation of the latest study by analysts from Freedom Holding Corp....

Armenian government's financial condition is stable - Minister

... Reserve Fund of unprecedented volume. "There is also a stabilization account, which shold funds in the amount of at least 1% of GDP; currently there is AMD 100 billion in it," Hovhannisyan said. He was asked about the increase of Armenia's state debt by AMD 1.5 trillion (i.e. 50%) compared to the end of 2018 and its impact on the GDP potential. The minister reminded that the state debt indicators are assessed not in absolute figures, but in relation to GDP. "At the end of 2023, the size ...

Amundi-Acba Asset Management pension funds' assets saw 12-15% growth in 2023

... "This indicator is more modest compared to developed countries, but the growth is double-digit," he said, adding that the main "culprit" of such development was China, which saw a deep decline of 11%. Aslanyan also noted that the debt market also reacted positively to lower inflation and easing monetary conditions of central banks. "In developing countries, bonds denominated both in foreign and local currencies have grown by 10-13%," he said. Aslanyan emphasized that ...

Fitch Ratings affirms Armenia's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BB-' with a Stable Outlook

... peers, as well as a robust macroeconomic and fiscal policy framework, with established access to international creditors, anchored by IMF support. Set against these strengths are a high (albeit declining) share of foreign-currency denominated public debt, relatively weak external finances, and high financial sector dollarisation.-0-

Investment products: basic concepts, features of instruments, pros and cons

... non-cyclical ones, e.g. health care, electric power; c) buy shares of "blue chips" - large companies with experience and stable businesses, - check stock ratios before buying. The following indicators are very important: the ratio of the company's debt to equity (Debt/Equity) - the less debt, the better; return on equity (ROE) - it should be greater than the percentage of inflation; dividend payout ratio (Payout Ratio), which shows how much of the net profit the company gives to dividends; average ...

Armenia's total state debt stood at $11.2 billion at the end of November 2023

Armenia's total state debt as of November 30, 2023 stood at a little over $11.2 billion, having risen by $91.3 million from the previous month, while on December 31, 2022, it was worth $10.6 billion, according to the National Statistical Committee. YEREVAN, January 11....