// IP Marketing video - START// IP Marketing video - END

Armenia’s total public debt totals $4.55bn

Armenia’s total public debt totals $4.55bn

PanARMENIAN.Net - Armenia’s total public debt increased by 0.13 percent in June to $4.556.9 billion, according to the latest data released by the National Statistical Service on Friday, Aug 1, ARKA reported.

According to official figures, the country’s foreign debt decreased by $15.7 million to $3.850.4 billion by late June.

Of the total foreign debt approximately $3.373.2 billion were owed by the government, a decrease of $9.5 million from the previous month. Some $477.3 million were owed by the Central Bank, by $6.2 million less from May.

Domestic debt stood at $706.5 million, an increase of $21.7 million from the previous month. About $671.7 million of that amount were in government bonds purchased by residents. Government bonds in foreign currency totaled $26.5 million, loans stood at $6 million and domestic guarantees at $2.3 million.

 Top stories
Mountea, an Armenian company producing tea from the mountain herbs has begun to export its products to Russia.
20,149 optical-mechanical devices were manufactured in the reporting period against the 3,388 produced in the same period last year.
Yandex and Uber said they will join forces in the six countries to create a new company operating in some 127 cities.
“A more efficient and reliable energy distribution network is important for economic growth in Armenia”, - said Sonali Tang.
Partner news