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Economics

panorama.am3 hours ago

Converse Bank: A success story - Under one roof

In 2018, A1 Group established a Business Center in Shengavit, joining under one roof companies operating in IT, marketing, accounting and other spheres, Converse Bank reported. “The building represented a rather attractive architectural solution that required reconstruction. Given the growing interest in business premises, th...

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armenpress.am3 hours ago

Asian Stocks up - 25-10-21

Asian main indexes values for 25 October: The value of Japanese NIKKEI down by 0.71% to 28600.41 points, Japanese TOPIX down by 0.34% to 1995.42 points. Chinese Shanghai Composite up by 0.76% to 3609.86 points, and HANG SENG up by 0.02% to 26132.03 points. The Nikkei-225 Stock Average is a price-weighted average of 225 top-rated...

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armenpress.am3 hours ago

Central Bank of Armenia: exchange rates and prices of precious metals - 25-10-21

The Central Bank of Armenia informs “Armenpress” that today, 25 October, USD exchange rate stood at 476.48 drams. EUR exchange rate stood at 554.77 drams. Russian Ruble exchange rate stood at 6.75 drams. GBP exchange rate stood at 657.69 drams. The Central Bank has set the following prices for precious metals. Gold price stood a...

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panarmenian.net3 hours ago

Armenia's capital expenditures to increase by 55% in 2022 — draft budget

October 25, 2021 - 17:13 AMT PanARMENIAN.Net - The draft budget for 2022 in Armenia forecasts an economic growth of 7%, while capital expenditures are expected to grow by 55%, Prime Minister Nikol Pashinyan said during the discussion of the draft budget for 2022 in parliament on Monday, October 25. “Although most of the current...

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armenpress.am5 hours ago

From student to employee: IDBank sums up IDream program and announces launch of next phase

IDBank has summed up the next phase of IDream initiative. During the final event of the project, the participants were awarded certificates on the successful completion of the project. Thanks to IDream - "I dream" program, all participants gain practical and theoretical vital knowledge in banking. During the program, students al...

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panarmenian.net5 hours ago

Armenia building new road communication system in Syunik, Papikyan says

October 25, 2021 - 14:58 AMT PanARMENIAN.Net - Alternative roads in the southern Armenian province of Syunik set to replace the ones passing through territories controlled by Azerbaijan will be ready in spring 2020, Deputy Prime Minister Suren Papikyan said Monday, October 25. According to him, however, the main road connecting...

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armenpress.am7 hours ago

Government projects construction and industry to be 2022’s main growth contributors

The government projects construction and industry to be the main segment guiding economic growth in 2022, unlike the service sector in 2021, the minister of finance Tigran Khachatryan said at a joint parliamentary committee session debating the 2022 state budget draft. He said that as of now the government’s forecast for 2021’s ...

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armenpress.am8 hours ago

Pashinyan administration to continuously reduce state debt

The government plans to consistently and continuously reduce the state debt and bring it to the circle defined by law, finance minister Tigran Khachatryan said during joint parliamentary committee debates on the 2022 state budget. “2020, depending on both the pandemic and the war, led to a 63,5% state debt against the GDP. Pursu...

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armenpress.am9 hours ago

Pashinyan administration to ramp up science funding by 83%

The Armenian government plans to increase science funding by 83%, Prime Minister Nikol Pashinyan said at the 2022 budget’s debates at a parliamentary joint committee session. He said the government prioritizes long-term investments in science and education. “In 2022, the funds allocated to the Ministry of Education, Science, Cul...

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armenpress.am9 hours ago

Government plans to rebuild 500km of roads in 2022

The government plans to spend 32% more funds for infrastructure development in 2022 compared to 2021, Prime Minister Nikol Pashinyan said during parliamentary joint committee debates on next year’s budget. The spending on infrastructure development will thus reach more than 278 billion drams, he said. “It is planned to rebuild a...

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