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Economic news

Armenia Central Bank raises refinancing rate

02.02.2021

During today’s session the Board of the Central Bank of Armenia decided to raise the refinancing rate, setting it at 5.5%, the CBA told.  The Lombard repo rate provided by the CBA is 7%. The rate of funds attracted from banks by the CBA is...

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29.01.2021

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25.01.2021

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Armenian Agra exports soar despite COVID-19, war

18.01.2021

Despite the challenges in 2020, Armenia was able to successfully carry out agricultural exports, and even exported 3000 tons more fruits and vegetables than in 2019, according to the Deputy Minister of Economy Arman Khojoyan. Khojoyan said that over 145,500 tons of fresh fruits and vegetables were exported from Armenia in 2020, the year which saw the COVID-19 pandemic and the second Nagorno-Karabakh War. Khojoyan says they had to work very...

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14.01.2021

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11.01.2021

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Armenia, economic activity decreased by 7.2% in 11 months of 2020

28.12.2020

In Armenia, economic activity in January-November  2020 deepened the decline to 7.2% per annum, against the backdrop of an accelerating decline in imports  and a slowdown in exports. In November of this year versus November 2019, economic activity decreased  by 10.3%, with an almost similar 10.2% decline in November 2020 alone, after an October decline of 4.9%.  A year earlier, in January-November 2019, against the same...

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