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Economics

armenpress.am7 hours ago

Central Bank of Armenia: exchange rates and prices of precious metals - 29-09-22

The Central Bank of Armenia informs “Armenpress” that today, 29 September, USD exchange rate down by 2.11 drams to 405.93 drams. EUR exchange rate up by 3.95 drams to 394.24 drams. Russian Ruble exchange rate up by 0.13 drams to 7.12 drams. GBP exchange rate up by 4.89 drams to 439.58 drams. The Central Bank has set the followin...

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armenpress.am7 hours ago

Asian Stocks up - 29-09-22

Asian main indexes values for 29 September: The value of Japanese NIKKEI up by 0.95% to 26422.05 points, Japanese TOPIX up by 0.74% to 1868.80 points. Chinese Shanghai Composite down by 0.13% to 3041.20 points, and HANG SENG down by 0.49% to 17165.87 points. The Nikkei-225 Stock Average is a price-weighted average of 225 top-rat...

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armenpress.am8 hours ago

“Dimension” CJSC effectively holds more than 90% market share in 2022 AMX equities market making

During 2022 92.9% market share in AMX equities market making is effectively held by “Dimension” CJSC. “Dimension” CJSC is the sole market-maker of ACBA bank’s stocks, which are the most actively traded securities on the Armenian equity market. The market maker is one of the most important players in the capital market. It consta...

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armenpress.am11 hours ago

Government’s debt level to GDP considerably declined – Finance Minister

The government’s debt to GDP is expected to be lower than 53%, compared to the 60.3% of 2021. As for 2023, the government is planning to attract debt funds in a way so that by the end of the year the overall debt to GDP will be within 50%, Minister of Finance Tigran Khachatryan said at the Cabinet meeting today, presenting the 2...

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armenpress.am12 hours ago

Allocations to security infrastructures to increase greatly: Finance Minister presents 2023 state budget draft

The 2023 state budget draft of Armenia envisages greatly increasing the capital expenditures directed to improving the security and economic infrastructures. This will comprise 557 billion drams, which is more by around 200 billion drams, as it was set by the 2022 state budget, Minister of Finance Tigran Khachatryan said at the ...

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armenpress.am12 hours ago

‘World order collapses before our eyes’, Armenian PM says

According to Armenian Prime Minister Nikol Pashinyan, today the world order is facing a process of collapse. “In fact, the world order, or to put it in the vernacular, the world is collapsing before our eyes. There is no exaggeration in this”, he said in his remarks at the Cabinet meeting. “And in this process of collapse we sho...

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armenpress.am12 hours ago

Armenia to conclude 2022 with 11-12% economic growth

Armenia is expected to conclude the year of 2022 with 11-12% economic growth, Minister of Finance Tigran Khachatryan said at the Cabinet meeting today, presenting the draft law on the 2023 State Budget. He reminded that the economic activity has increased by 13.9% in the first eight months of 2022, as a result of which the plan ...

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armenpress.am12 hours ago

Armenia’s economic activity index in first eight months is 13.9% - Economy Minister

According to the results of the first eight months of this year, Armenia has registered quite a high economic activity index – 13.9%, whereas the index only in August has been 18.4%, Minister of Economy Vahan Kerobyan said at the Cabinet meeting. He said that companies are adjusting their plans somewhat. We are trying to encoura...

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armenpress.am14 hours ago

European Stocks up - 28-09-22

European main indexes values for 28 September: The value of German DAX up by 0.36% to 12183.28 points, French CAC 40 up by 0.19% to 5765.01 points, British FTSE up by 0.30% to 7005.39 points, and Russian RTSI up by 2.00% to 1074.57 points. The German Stock Index is a total return index of 30 selected German blue chip stocks trad...

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armenpress.am15 hours ago

Oil Prices Up - 28-09-22

Oil prices for 28 September: WTI Crude Oil (Light Sweet) price at NYMEХ Stock Exchange up by 5.63% to $81.84 per barrel. Brent Crude Oil price at London’s IСE Stock Exchange up by 4.51% to $89.03 per barrel, “Armenpress” reports. Barrel is the unit of measurement of oil volume. One barrel equals to 159.98 liter. New York’s NYMEХ...

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