Business & Economy

Yesterday no foreign currency transactions were implemented in NASDAQ OEMEX stock exchange of Armenia. The reason was the fact that US dollar was being offered at a very high rate – 404 drams for one dollar. Several trade banks were willing to buy US dollar for 403 drams, but no one was willing to sell …

The Central Bank published a report on inflation tendencies. This is a very interesting document because the economic forecast of inflation is too optimistic in it. The CB specialists think that during this year and till 2015 the inflation rate will stay within the limit of 2.5-5.5%. In other word, they believe inflation will not …

The official statistics has published the first post-election report on macro-economic indicators. This report evolves the information collected promptly during the period of January-April. This is preliminary report, but it is not so bad though. The economic activity rate for January-April was 7.2% compared to the same period of the previous year. This means that …

Two weeks have passed since the parliamentary election on May 6, which is not a short time also in consideration of the problems of the country and promises of political powers to solve those problems as soon as possible. Especially the ruling party used to give promises to change things in the country. Their slogan …

As a result of transactions in NASDAQ OEMEX Armenia stock exchange yesterday the average exchange rate of US dollar was 396.99 drams. This is higher by 0.147% (0.54 points) than the rate on May 15. This means that the rapid growth of the exchange rate has been resisted at least temporarily. It will be possible …

After rapid growth during the past days eventually this process stopped for a while. Yesterday in NASDAQ OEMEX Armenia stock exchange the average exchange rate of US dollar was 396.99 drams. This is higher by 0.147% (0.54 points) than the rate on May 15. This means that the rapid growth of the exchange rate has …

The most serious economic expectation continues to be the inflation and devaluation of the AMD. The Armenian media almost every day raise their concerns about the increase of prices of various goods – cigarettes, sugar and so on. On the other hand, the USD rate approached the threshold of 400 AMD – the psychological threshold. …

Official statistics institutions have not published information on inflation during May. That information will be published in the end of the month and will be fully available with details next month. People who were saying that there would be inflation following the elections can already say that tendencies have started. During the Easter the prices …

The economic week was strangely glutted both in terms of information and events. The most important event was unfortunately expected. The US government has long ago stated that it was going to cease the funding of the Millennium Challenge Corporation project in Armenia. They promised to cease and they did so. The Corporation was supposed …

When the incumbent and former authorities were speaking of economic growth during many years, experts (including our newspaper as well), reminded people that GDP growth would not necessarily mean economic development yet. We wrote that GDP could grow with double-digits, but in parallel with that the economy could go down. We wrote that if economic …