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Ameriabank signs 80th deal under EBRD TFP

Ameriabank signs 80th deal under EBRD TFP

January 23, 2015 - 19:30 AMT  15:30 GMT
Ameriabank highly appreciates the long-standing partnership with the EBRD, as one of the most reputable international organizations.
Agriculture and Rural Development program launched in Armenia

Agriculture and Rural Development program launched in Armenia

January 23, 2015 - 16:49 AMT  12:49 GMT
"The European Union is delighted to provide substantial financial support to the agricultural sector," Traian Hristea said.
Central Bank increases key refinancing rate to 9.5 percent

Central Bank increases key refinancing rate to 9.5 percent

January 22, 2015 - 19:09 AMT  15:09 GMT
Annual inflation stood at 4.6 percent in December, the central bank said, up from 2.6 percent the month before.
Areximbank-Gazprombank Group raises authorized stock by AMD 9B

Areximbank-Gazprombank Group raises authorized stock by AMD 9B

January 22, 2015 - 18:58 AMT  14:58 GMT
The bank’s assets in 2014 totaled AMD 110.7 billion (52.5% drop) and liabilities AMD 95 billion (55.2% decline).
Toyota stays top in global auto sales

Toyota stays top in global auto sales

January 21, 2015 - 09:07 AMT  05:07 GMT
The automaker says it expects to sell fewer trucks and cars this year, at 10.15 million vehicles, down 1 percent year-on-year.
Turkey's central bank cuts main interest rate under Erdogan pressure

Turkey's central bank cuts main interest rate under Erdogan pressure

January 21, 2015 - 09:02 AMT  05:02 GMT
The bank said that the "measured cut" was justified by an improving inflation outlook largely due to the fall in oil prices.
Iran strong enough to withstand deeper slump in oil prices: minister

Iran strong enough to withstand deeper slump in oil prices: minister

January 20, 2015 - 15:36 AMT  11:36 GMT
“If the oil prices drop to $25 a barrel, there will yet again be no threat posed to Iran’s oil industry,” Zanganeh said.
IMF cuts forecast for global economic growth

IMF cuts forecast for global economic growth

January 20, 2015 - 10:10 AMT  06:10 GMT
The IMF now expects growth of 3.5% this year, compared with the previous estimate of 3.8% which it made in October.
The Guardian: ruble crisis major threat to 9 countries, including Armenia

The Guardian: ruble crisis major threat to 9 countries, including Armenia

January 19, 2015 - 13:11 AMT  09:11 GMT
The 50% drop in the ruble has not only decimated the value of remittances sent home by workers from the Caucasus and central Asia.
Richest 1% to own half of world's wealth by 2016: Oxfam

Richest 1% to own half of world's wealth by 2016: Oxfam

January 19, 2015 - 09:12 AMT  05:12 GMT
Of the remaining 52% of global wealth, almost 46% is owned by the rest of the richest fifth of the world's population, Oxfam said.
Abu Dhabi fund to launch clean energy projects in developing countries

Abu Dhabi fund to launch clean energy projects in developing countries

January 19, 2015 - 08:53 AMT  04:53 GMT
Ecuador, Mali, Mauritania, Samoa, and Sierra Leone are among the countries that have already benefited from such loans.
Oil prices fall as markers expect gloomy Chinese data

Oil prices fall as markers expect gloomy Chinese data

January 19, 2015 - 08:37 AMT  04:37 GMT
"Commodity markets to be driven by currency markets and expectations of ECB quantitative easing this week," ANZ bank said.
Moody’s downgrades Russia sovereign credit rating

Moody’s downgrades Russia sovereign credit rating

January 17, 2015 - 10:52 AMT  06:52 GMT
The list includes Sberbank, Gazprombank, and Rosbank, in addition to Russian Highways State Company (AVTODOR) and Post of Russia.
Armenia, EU launch agreements worth €77.5mln to promote reforms

Armenia, EU launch agreements worth €77.5mln to promote reforms

January 16, 2015 - 14:07 AMT  10:07 GMT
“The European Union expects that this substantial assistance will lead to bold reforms over the next years,” Hristea said.
Moody's downgrades Armenia outlook to negative from stable

Moody's downgrades Armenia outlook to negative from stable

January 16, 2015 - 13:18 AMT  09:18 GMT
Moody’s said Armenia's position as a significant net international borrower exposes the currency to elevated depreciation risk.
Villages on border with Azerbaijan given tax exemption

Villages on border with Azerbaijan given tax exemption

January 15, 2015 - 18:49 AMT  14:49 GMT
31 villages where farming lands remain unused over the dangers of Azeri shelling will be relieved of business taxes.
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