Posts Tagged ‘AMD’
US dollar goes down in Armenia
Following a relatively stable period US dollar went down again on NASDAQ OMX Armenia stock exchange on Tuesday with the exchange rate making AMD367/$1 against AMD368 on Monday. Most likely, the decline is conditioned by growth of supply ahead of new school year. Sales totaled $2.45 [...]
Will MP Samvel Alexanian be fined?
RA State Commission for the Protection of Economic Competition (SCPEC) is scheduled to make a decision on the unfair competition and violations committed by Alex Grig Company this week. SCPEC's check-ups revealed that several types of vodka, bottled and sold by Alex Grig, received their [...]
Armenia’s GDP increased by 5.5% in Q1 2010
RA National Statistical Service (NSS) publicized information about the socio-economic situation in Armenia in Jan-March, 2010. In Jan-March, 2010 Armenia’s GDP increased by 5.5% compared with the same period last year. According to statisticians, GDP per capita made nearly AMD 175.000 ($455 or [...]
Third of commercial banks suffer losses
According to RA National Statistical Service, as of December 31, 2009 of 22 commercial banks in Armenia only 14 operated in the black, generating profit of AMD 12.4 billion. The rest eight banks ended the year in red totaling AMD 3.8 billion. Thus, total profit of Armenian commercial banks made AMD [...]
17.4% increase in Armenia’s budget revenues in Jan-Mar
This January-March, Armenia’s state budget revenues totaled 164.1bn AMD, and on-budget expenditures 170.1bn AMD – 107.8% and 90.5% implementation of the respective government programs for the first trimester. The pres service of the RA Ministry of Finance informed NEWS.am that, during the [...]
List of 1,000 largest taxpayer of Armenia published
The RA State Revenue Committee has published a list of 1,000 largest Armenian taxpayers for January-March 2010. The first three leaders have remained the same since the corresponding period last year. However, the ArmRusgasprom CJSC, which paid a total of 5.2bn AMD to the state budget this [...]
Demanding their deposits
Many people were gathered in front of the government building on government session day with different problems. The depositors of "Armenia" Bank, which declared bankruptcy in 1994, want their money returned. According to them, the amount doesn't even make up the cost of one car. Depositor [...]
Armenia’s foreign trade turnover 29% up
Armenia’s foreign trade turnover showed a 29% increase in the first quarter of 2010 as compared with the corresponding period last year. Last year a consistent upward trend in the foreign trade turnover was halted, and the country’s foreign trade turnover showed a 27% decrease. Imports [...]
No conditions for AMD devaluation in Armenia
No financial and economic preconditions for AMD devaluation are available in Armenia. On the contrary, the Armenian economy needs funds, which will soon cause the economic growth to cease, the former chairman of the Central Bank of Armenia (CBA) Bagrat Asatryan told. According to him, curbing [...]
ABD forecasts 2% economic growth for Armenia
Developing Asia's strong recovery from the effects of the global economic crisis is expected to continue through the next two years, the Asian Development Bank (ADB) says in a new major report. ADB's annual flagship economic publication, Asian Development Outlook 2010 (ADO 2010), released today, [...]
