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IMF forecasts economic growth slowdown in Armenia
... and for 2027 at 5%-6.2%. The EDB forecasts 6% GDP growth 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 ...
12/18/2024Converse Bank has been included in the list of Confirming Banks of the EBRD TFP
We are pleased to announce that Converse Bank has made a significant stride in the realm of trade finance by becoming a confirming bank under the EBRD TFP. YEREVAN, 16 December. /ARKA/ We are pleased to announce that Converse Bank has made a significant stride in the realm of trade finance by becoming a confirming bank under the EBRD TFP. The respective agreement between the EBRD and Converse ...
12/16/2024EDB excludes risk of “overheating” in Armenian economy from construction and lending (EXCLUSIVE)
... for 2024 and 5.1% in the budget for 2025. The EDB forecasts Armenia's 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 ...
12/12/2024EBRD and EU, together with Galt & Taggart and Ameria Management Advisory launch a programme to support the Armenian capital market
The European Bank for Reconstruction and Development (EBRD) and the European Union, in collaboration with Galt & Taggart and Ameria Management Advisory, are launching a program to support the Armenian capital market, valued at approximately 500,000 euros. YEREVAN, December 11. /ARKA/. The European ...
12/11/2024Armenia's economy to grow 6% in 2024, Central Bank head
... state budget, and 5.1% in the 2025 budget. The EDB forecasts 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 ...
12/10/2024EDB develops non-sovereign financing database to track investments by international financial institutions in Eurasia
... 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 ...
12/06/2024Armenia's economic activity slows in October due to services sector slowdown – Finance Ministry
... economic growth at 5.6%. The EDB forecasts Armenia's GDP growth at 6% in 2024 and 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 ...
12/05/2024EDB lowers Armenia's GDP growth forecast for 2024 to 6%, but raises it for 2025 to 5.5%
... growth forecast in the draft state budget for 2025, lowering it from 5.6% 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 ...
12/05/2024EBRD: Armenian authorities to strengthen economic stability
... to do more to improve the quality of regulation, strengthen institutional capacity and enhance government effectiveness, said Elisabetta Falcetti, Managing Director for Turkey and the Caucasus at the European Bank for Reconstruction and Development (EBRD). YEREVAN, November 27. /ARKA/. The Armenian authorities need to do more to improve the quality of regulation, strengthen institutional capacity and enhance government effectiveness, said Elisabetta Falcetti, Managing Director for Turkey and ...
11/27/2024Open borders and better logistics could positively affect Armenia’s trade prospects– EBRD Managing Director
... EU market through the Comprehensive and Enhanced Partnership Agreement and to the central Asian markets of the members of the Euroasian economic union. Elisabetta Falchetti, Managing Director of the European Bank for Reconstruction and Development (EBRD) for Turkey and the Caucasus, stated this in an interview with the ARKA news agency. According to her, as a small and landlocked market Armenia has been additionally disadvantaged by geopolitical challenges. ‘’The borders with two of its neighbours ...
11/27/2024EBRD forecasts slower and moderate economic growth for Armenia in the medium term
The European Bank for Reconstruction and Development (EBRD) expects Armenia's GDP growth to moderate in the short term after several years of ultra-high growth, said Elisabetta Falcetti, EBRD Managing Director for Turkey and the Caucasus. YEREVAN, November 27. /ARKA/. The European Bank for Reconstruction ...
11/27/2024EBRD expected to approve Armenia Country Strategy in first quarter of 2025
The European Bank for Reconstruction and Development (EBRD) is keen to maintain the momentum of elevated investments in Armenia in years to come, EBRD Managing Director for Turkey and the Caucasus, Elisabetta Falcetti said in an exclusive interview with the ARKA news agency. YEREVAN, November 26. /ARKA/....
11/26/2024EBRD to announce 44 million euro financing package for refugees in Armenia
A significant financing package of EUR 44million will soon be announced and deployed via several partners banks for the benefit of refugees from Nagorno-Karabakh, EBRD Managing Director for Turkey and the Caucasus, Elisabetta Falcetti s said in an exclusive interview with the ARKA news agency. YEREVAN, November 26. /ARKA/ A significant financing package of EUR 44million will soon be announced and deployed ...
11/26/2024Supporting renewable energy development in Armenia is yet another strategic priority for EBRD- Elisabetta Falcetti
Supporting renewable energy development in Armenia is yet another strategic priority for the EBRD, EBRD Managing Director for Turkey and the Caucasus, Elisabetta Falcetti s said in an exclusive interview with the ARKA news agency. YEREVAN, November 26. /ARKA/. Supporting renewable energy development in Armenia is yet another strategic priority ...
11/26/2024IMF: Armenia's economy to grow by up to 5.5% by 2028
... economic growth at 5.6%. The EDB predicts Armenia's GDP will grow by 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 ...
11/26/2024EBRD has invested record 2.4 billion euros in Armenia - EBRD Managing Director for Turkey and Caucasus (EXCLUSIVE)
In an exclusive interview with the ARKA news agency EBRD Managing Director for Turkey and the Caucasus, Elisabetta Falcetti speaks about the bank's investments and goals in Armenia, as well as its priorities and future programs. YEREVAN, November 26. /ARKA/. In an exclusive interview with the ARKA ...
11/26/2024‘Private Party’: Visa holds an event in Yerevan, discrediting the media
... recognized by the Central Bank of Armenia as the best economic news agency in Armenia. ARKA news agency's news reports are received on a regular basis and used by state and commercial structures, banks, international financial organisations, such as IMF, EBRD, EDB. as well as foreign embassies and mass media. -0-
11/22/2024EBRD supports reconstruction and modernisation of Armenia's customs and logistics facilities
A set of projects, implemented together with the European Bank for Reconstruction and Development (EBRD) as part of modernisation of Armenia's State Revenue Committee’s (SRC) infrastructure were discussed on Thursday by SRC Chairman Rustam Badasyan and an EBRD delegation, led by newly appointed YEREVAN, 14 November....
11/14/2024Armenia needs to produce unique products to boost economic growth potential - Central Bank head
... expects it between 6.5-5.8 per cent in 2024. The draft state budget drawn up for 2025 envisages economic growth of 5.6%. . The WB expects Armenia's economy to grow by 5.5% in 2024 and 5% in 2025. The IMF forecasts 6% growth in 2024 and 4.9% in 2025. EBRD forecasts a re 6.2% 4.8% respectively.-0-
10/29/2024Ardshinbank’s Private Clients Will Be Served in a Special Office
... Armenia 2024. It’s important to note that Ardshinbank has repeatedly been recognized as the best by various international institutions, such as The Banker, Global Finance, Euromoney, Thomson Reuters, European Bank for Reconstruction and Development (EBRD), Eurasian Development Bank, and so on. Ardshinbank is regulated by the Central Bank of the Republic of Armenia.-0-
10/21/2024EBRD and Ernst & Young to conduct study on competitiveness of small and medium-sized companies in Armenia
The Armenian Ministry of Economy in cooperation with the EBRD and with the assistance of Ernst & Young, an international audit and consultancy corporation, has initiated a study on the competitiveness of Armenia's small and medium-sized enterprises (SMEs). YEREVAN, 16 October. /ARKA/. ...
10/16/2024EBRD, EU partner with ACBA LEASING to support Armenian firms
Micro, small and medium-sized enterprises (MSMEs) in Armenia are to benefit from new funding from the European Bank for Reconstruction and Development (EBRD) and the European Union (EU), made available through ACBA LEASING. YEREVAN, October 16. /ARKA/. Micro, small and medium-sized enterprises (MSMEs) in Armenia are to benefit from new funding from the European Bank for Reconstruction ...
10/16/2024EBRD keeps Armenia's economic growth forecast for 2024 at 6.5%, but points to risks
Armenian economy expanded at the rate of 6.5 per cent year on year in the first half of 2024, showing signs of moderation after very rapid growth in previous years, the European Bank for Reconstruction and Development (EBRD) says in its ‘’Regional Economic Prospects September 2024’’ report. YEREVAN, September 26. /ARKA/. Armenian economy expanded at the rate of 6.5 per cent year on year in the first half of 2024, showing signs of moderation after very ...
09/26/2024Amundi-Acba Asset Management success story: assets managed by the fund reached 517 billion drams in 10 years
... Telecom Armenia, thus enabling the participants of the funds to indirectly become shareholders of this company. According to Aslanyan, in January 2024, a cross-currency repo deal was concluded with the European Bank for Reconstruction and Development (EBRD) - the Bank was provided with resources, which it, in turn, was to use to finance the real sector of the economy. In August of the same year, Amundi-Acba purchased for the first time green bonds of the Electric Networks of Armenia Company. He attached ...
09/24/2024Modernization of Meghri border checkpoint discussed at Armenia's State Revenue Committee
... administrative building of 4,000 square meters with solar panels on the roof YEREVAN, September 10. /ARKA/. Officials from Armenia's State Revenue Committee (SRC), along with representatives from the European Bank for Reconstruction and Development (EBRD), the Government’s Program Implementation Office, and the UN Development Programme, held discussions on the ongoing reconstruction and modernization of the Meghri border crossing point. The meeting reviewed progress made and outlined next steps ...
09/10/2024Armenia's economic activity grows by 9.6% in January-July 2024
... grow between 6.1% and 6.8% this year. The Eurasian Development Bank (EDB) forecasts a 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 ...
08/26/2024EFSD: Armenia secures $527 Million in sovereign financing for H1 2024
... for Stabilization and Development (EFSD) revealed on Wednesday. The report, titled "Sovereign Financing in the Eurasian Region: H1 2024," is based on data from the Sovereign Financing Database (SFD). "The Republic of Armenia, with the EBRD as the main creditor ($251.4 million), has been approved for $527 million, exceeding the total for the previous year by $178.1 million. A significant portion of the funds is earmarked for transport, public administration, and economic policy," ...
08/07/2024Fitch ratings revises Armenia's economic growth projections
... (EDB): Predicts a 5.7% growth in 2024 and 5.3% in 2025. World Bank (WB): Expects the 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% ...
07/29/2024Armenia’s economic activity shows 10.4% growth in H1 2024
... Bank of Armenia: 5.3-6.4% growth in 2024. Eurasian Development 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 ...
07/26/2024EBRD and Ameriabank to support Armenian businesses through stable trade finance funding
The European Bank for Reconstruction and Development (EBRD) and Ameriabank have signed an agreement enabling Ameriabank to attract trade finance funding from the EBRD in Armenian Drams. YEREVAN, 22 July. /ARKA/. The European Bank for Reconstruction and Development (EBRD) and Ameriabank have signed an ...
07/22/2024World Bank: Armenia’s economic indicators decline in May due to industrial, trade slowdown
... The Eurasian Development Bank forecasts Armenia's GDP growth at 7.5% in 2024 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,...
07/16/2024World Bank: growth in Armenia’s economic activity eased to 13.2 % In January-April
... Bank of Armenia expects the country's economic growth in 2024 to be in the 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 ...
06/28/2024Eurasian Development Bank expects Armenia’s economy to grow by 7.5% in 2024, by 4.2% in 2025
... Bank of Armenia expects the country's economic growth in 2024 to be in the 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 ...
06/21/2024Second tranche of loan for development of MSMEs provided to Ardshinbank by EBRD and EU
On May 16 2024, in Yerevan, in the circuit of 33rd EBRD Business Forum, Ardshinbank signed an agreement with the European Bank for Reconstruction and Development (EBRD) and the European Union (EU) for the allocation of the second tranche of financing to re-lending micro, small, and medium businesses. ...
05/21/2024Ameriabank's Trade Finance portfolio enriched with four prestigious awards from EBRD and IFC
... YEREVAN, May 20. /ARKA/. Ameriabank has received four prestigious awards from international financial institutions in recognition of its trade finance operations. At the recent TFP Awards Ceremony, the European Bank for Reconstruction and Development (EBRD) honored Ameriabank with the 2023 Deal of the Year Export, the 2023 Deal of the Year Green Trade in Renewable Energy awards and for the Completion of the Climate Practices and Transition Planning Programme in Armenia. The TFP Award team highlighted ...
05/20/2024Minister: Armenia seeks to join major transportation projects from China to Europe
In an interview with Armenian Public TV, Finance Minister Vahe Hovhannisyan emphasized the importance of the European Bank for Reconstruction and Development's (EBRD) promise to invest up to 500 million euros in a number of projects in Armenia during 2024. YEREVAN, May 18. /ARKA/. In an interview with Armenian Public TV, Finance Minister Vahe Hovhannisyan emphasized the importance of the European Bank for ...
05/18/2024Acba Bank to allocate 50 million euros for development of SMEs in Armenia
In cooperation with the European Bank for Reconstruction and Development (EBRD), Acba Bank will allocate a total of 50 million Euros for financing and development of small and medium-sized enterprises in Armenia. YEREVAN, May 17. /ARKA/. In cooperation with the European Bank for Reconstruction and Development (EBRD), Acba ...
05/17/2024EBRD provides $10 million to Armeconombank to boost support for micro, small and medium-sized businesses in Armenia
The European Bank for Reconstruction and Development (EBRD) is boosting its support for micro, small and medium-sized businesses (MSMEs) in Armenia by extending new financing to Armeconombank. YEREVAN, May 17. /ARKA/. The European Bank for Reconstruction and Development (EBRD) is boosting its support ...
05/17/2024Financial flows and refugees - EBRD names reasons for improving forecast on Armenia's economy
Beata Javorcik, Chief Economist at the European Bank for Reconstruction and Development (EBRD), cited financial flows and refugees from Nagorno-Karabakh as major reasons for the bank to revise upward its forecast for Armenia’s economic growth. YEREVAN, May 17. /ARKA/. Beata Javorcik, Chief Economist at the European Bank for Reconstruction ...
05/17/2024EBRD assists Armenia to reduce energy dependence on third countries – President
The European Bank for Reconstruction and Development (EBRD) is assisting Armenia to reduce energy dependence on third countries, EBRD President Odile Renaud-Basso said in Yerevan on Thursday. YEREVAN, May 17. /ARKA/. The European Bank for Reconstruction and Development (EBRD) is assisting Armenia to ...
05/17/2024EBRD and EU boost funding for Armenian firms via Inecobank
The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are stepping up their support for Armenian micro, small and medium-sized enterprises (MSMEs) to help them become more competitive, both domestically and internationally, and to reduce their carbon footprint. YEREVAN,...
05/16/2024EBRD President Odile Renaud-Basso re-elected for a second term during annual meeting in Yerevan
The Board of Governors of the European Bank for Reconstruction and Development (EBRD) on Thursday re-elected Odile Renaud-Basso for a second term as the bank's president, the EBRD press service reported. YEREVAN, May 16. /ARKA/. The Board of Governors of the European Bank for Reconstruction and Development (EBRD) on Thursday ...
05/16/2024Ardshinbank hosts panel discussion on economic and trade sanctions as part of 33rd EBRD Business Forum
As part of the 33rd EBRD Business Forum on May 15 at the Dvin , Ardshinbank, a flagship sponsor of the event, organized a panel discussion on economic and trade sanctions. Ardshinbank's initiative brought together international experts, as well as representatives from the ...
05/16/2024EBRD is providing US$ 10 million financial package to ArmSwissBank for on-lending to Armenian MSMEs
The European Bank for Reconstruction and Development (EBRD) is providing a US$ 10 million financial package to ArmSwissBank in Armenia to finance the private sector’s investments in growth, competitiveness, and greener and more sustainable practices. YEREVAN, May 16. /ARKA/. The European Bank for Reconstruction ...
05/16/2024EBRD and USAID to develop connectivity in the South Caucasus
The European Bank for Reconstruction and Development (EBRD) and the United States Agency for International Development (USAID) have signed a Memorandum of Understanding (MoU) to develop the Trans-Caspian International Transport Route, also known as the Middle Corridor, to further enhance connectivity between ...
05/16/2024Armenian PM and EBRD President discuss joint projects and perspectives
Armenian Prime Minister Nikol Pashinyan and President of the European Bank for Reconstruction and Development (EBRD) Odile Renaud-Basso. discussed today in Yerevan the status of a number of jointly implemented projects. YEREVAN, May 15. /ARKA/. Armenian Prime Minister Nikol Pashinyan and President of the European Bank for Reconstruction and Development (EBRD) ...
05/15/2024EBRD plans to invest up to 500 million Euros in Armenia in 2024
The European Bank for Reconstruction and Development (EBRD) plans to invest up to 500 million Euros in Armenian projects during 2024, EBRD President Odile Renaud-Basso said today speaking at the Bank's annual meeting in Yerevan. YEREVAN, May 15. /ARKA/. The European Bank for Reconstruction and Development ...
05/15/2024FMO provides Ardshinbank with a guarantee for a credit portfolio of 20 million US dollars
During the 33rd annual meeting and business forum of the European Bank for Reconstruction and Development (EBRD), Ardshinbank CJSC and the Dutch entrepreneurial development bank FMO signed a Guarantee Agreement for a credit portfolio worth 20 million US dollars with a term of 7 years. YEREVAN, May 15. /ARKA/. During the 33rd annual meeting and business ...
05/15/2024EBRD predicts Armenia’s economy to grow by 6.2% in 2024
... published on Wednesday. YEREVAN, 15 May. /ARKA/ The European Bank for Reconstruction and Development expects Armenia’s economy to grow by 6.2% in 2024 and by 4,8% in 2025, as per its recent Regional Economic Prospects report, published on Wednesday. The EBRD forecasted a 4.5% economic growth in 2024 for Armenia in its previous report, published in September 2023. Earlier in May, the EBRD President Odile Renaud-Basso announced Armenia’s economy would grow by roughly 5% both in 2024 and 2025. The latest ...
05/15/2024EBRD and InecoBank bolster science innovation hub in Yerevan
The European Bank for Reconstruction and Development (EBRD) and InecoBank CJSC are joining forces to bolster the development of the EU TUMO Convergence Centre for Engineering and Applied Science in Yerevan. YEREVAN, May 15. /ARKA/. The European Bank for Reconstruction and Development (EBRD) and InecoBank ...
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