Armenian economy

Reforms in Armenia's agricultural sector expected

Armenian Prime Minister Karen Karapetyan told about a new agricultural reforms program during the government meeting, press service of the government reported. "Based on our research and regional inspections, we …

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Water tariffs may be increased in Armenia

Water tariffs may be increased in Armenia, the press office of Veolia Jur, a subsidiary of France’s Veolia Generale des Eaux and the only water-supply operator in Armenia, said. The company intends to appeal to the Public …

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Armenia loses third of money transfers from Russia

Remittances to Armenian citizens from abroad, declined by 38.4% ($830 million) over the past three years, Armenian Finance Minister Vardan Aramyan said. The head of the Armenian Ministry of Finance linked this situation …

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Armenia's national debt increases

The national debt of Armenia has reached $6.095 billion: in April 2017 it amounted to $6.038 billion, according to data of the National Statistical Service of the Republic. $550.9 million is debt held by Armenia's Central Bank …

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Ex-minister: Armenia’s possibilities exhausted

Armenia’s possibilities have been exhausted with the current economic policy and governance system, former defense minister Seyran Ohanyan said. “This is a turning point for Armenia: either we realize seriousness of the …

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Armenia’s central bank cuts refinancing rate again

Armenia's Central Bank cut its refinancing rate by 0.25 percentage point to 6%. The Central Bank began to gradually reduce the refinancing rate from the second half of 2015. As a result, it fell from 10.5% in June 2015 to 6.25% in …

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 Armenian PM to Bloomberg about country's future

Armenia’s prime minister Karen Karapetyan told Bloomberg in an interview about his plans to develop the economy, fight corruption and ensure competition in the country. “We’re proposing the most rapid …

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 Armenian Central Bank cuts refinancing rate

Armenia’s Central Bank decided to cut the benchmark refinancing rate by 0.25 percentage points to 6.5%.  It is the seventh consecutive cut of the benchmark rate by the regulator within this year.  In February, …

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Minister: new investment fund to be created in Armenia

A new investment fund will be established in Armenia in accordance with the government's program, economic development and investment minister Suren Karayan told a parliamentary hearing on 2017 draft budget today, organized …

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