Economics

January 27, 2020 - 14:25 AMTPanARMENIAN.Net - 2020 will be the the first year in Armenia’s history that the government will not be borrowing budget support loans, Prime Minister Nikol Pashinyan said in a Facebook post on Monday, January 27. Pashinyan revealed that loans from external sources will be used for specific programs a...

Armenian Prime Minister Nikol Pashinyan expects that 2020 will be a better year for the economy than 2019. “Today from early morning I am working on several economic topics. And I want to state that we have very good news about the economy and also very good preconditions that 2020 will be a better year from economic perspective...

Bread production volumes have increased in Armenia in January-November 2019 by 2.4 per cent, according to the latest figures released by the National Statistical Committee. According to the source, Armenia produced 249,210 tons of bread from January to November 2019, while the production volumes stood at 243,124 during the sam...

The inflow of foreign investments in 2019 January-September totaled 2 billion 174 million dollars, which is 27,6% or 456 million dollar more than in 2018, PM Nikol Pashinyan said during his 100 Facts About New Armenia, Part III news conference. Compared against 2017, the indicator is 41% more. “In terms of foreign direct investm...

The coupon rate of the newly issued Eurobonds is only 3,95% instead of the 6% of repo bond, which means that the bond servicing expenses have significantly dropped for Armenia, PM Nikol Pashinyan said at the 100 Facts About New Armenia, Part III news conference. “The third Eurobonds issuance took place with a 500 million dollar ...

The Armenian Government has succeeded during two years to increase tax revenues by 505,4 billion drams, a part of which was used to repay the VAT debts for taxpayers and the other part was directed to increase the government budget’s revenue, PM Nikol Pashinyan said at the 100 Facts About New Armenia, Part III news conference in...

Armenia is the leading country in terms of economic growth pace in the Eurasian Economic Union and among CIS countries, and also in the European region according to the IMF, Prime Minister Nikol Pashinyan said during a news conference in Kapan where he is presenting a 3rd series of the 100 Facts About New Armenia. “According to ...

USA main indexes values for 24 January: “Armenpress” reports the value of Dow Jones down by 0.58% to 28989.73 points, S&P 500 down by 0.90% to 3295.47 points, Nasdaq down by 0.93% to 9314.91 points. The Dow Jones Industrial Average is one of several indices created by Wall Street Journal editor and Dow Jones & Company co-founder...

Oil prices for 24 January: WTI Crude Oil (Light Sweet) price at NYMEХ Stock Exchange down by 2.57% to $54.20 per barrel. Brent Crude Oil price at London’s IСE Stock Exchange down by 2.22% to $60.69 per barrel. Barrel is the unit of measurement of oil volume. One barrel equals to 159.98 liter. New York’s NYMEХ (New York Merchanti...

Precious metals prices for 24 January: “Armenpress” reports the price of gold futures is up by 0.65% to $1571.30, silver futures is up by 1.85% to $18.12, while platinum futures is up by 0.49% to $1010.10. The measurement unit is 1 troy ounce (31.1 grams). New York’s NYMEХ (New York Merchantile Exchange) is a US futures market f...