Armenia Central Bank raises key refinancing rate to 6%May 4, 2021 - 14:35 AMT PanARMENIAN.Net - The Board of the Central Bank of Armenia decided to raise the refinancing rate by 0.5 percentage point to 6.0% on Tuesday, May 4. The Central Bank put Lombard repo facility rate at 7.5%, and Deposit facility rate at 4.5%. The World Bank said earlier that Armenia's economy will bounce back and grow by 3.1% and 4.5% in 2021 and 2022, respectively. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Director General of Ucom takes part in recruiting conference Ralph Yirikian participated in the Recruit Days business and networking conference organized by Move2Career. Armenia to participate in key EU meeting for the first time ever National Assembly speaker Alen Simonyan has said that Armenia will for the first time participate in the Conference. Lavrov rejects Armenia’s “defamation” of Russia, CSTO Lavrov decried the Armenian leaders’ “defamation” of Russian soldiers and border guards deployed in Armenia. U.S. reacts to Russia’s criticism of upcoming Armenia-EU-U.S. meeting Matthew Miller has weighed in on Russia’s criticism of an upcoming Armenia-EU-U.S. meeting. |