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Economic news

Armenia, China facilitate cargo transportation at bilateral directions


Conducting cargo transportation from Armenia to China and vice versa without any logistic problem: for this purpose the two countries are taking concrete actions. The discussion of this issue was included in the agenda of the Armenian delegation’s visit to China led by Prime Minister Nikol Pashinyan. Minister of High Technological Industry of Armenia Hakob Arshakyan, who was also in the Armenian delegation during the China visit, gave an...

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Central Bank of Armenia keeps refinancing rate unchanged


The Board of the Central Bank of Armenia (CBA) has made a decision to keep unchanged the refinancing rate, at 5.75%, during today’s session, the CBA told Armenpress. In May 2019, 0.4% deflation has been registered compared to the 1.0% of May 2018. In such circumstances the 12-month inflation increased, comprising 2.8% conditioned with the seasonal increase of prices of several agricultural goods. Major uncertainties emerged regarding the...

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