Artsakhpress

Economy

Dollar, euro drop in Armenia

The American dollar’s (USD) exchange rate against the Armenian dram (AMD) comprised AMD 407.52/$1 in Armenia on Monday; this is down by AMD 0.43 from the previous business day in the country, according to the official website of the Central Bank of Armenia, news.am informs.

The results of the harvest in the greenhouses of the regions of the Republic are satisfactory

This year the results of the harvest in the greenhouses of the regions of the Republic of Artsakh are satisfactory.

Greenhouses being built in Khnapat and Khramort communities of Askeran region

Within the framework of ATP Charitable Foundation and Green Training Center support program, greenhouses with an area of 30 square meters are being built in the communities of Khnapat and Khramort of Artsakh’s Askeran region.

One dollar drops below AMD 422 in Armenia

The American dollar’s (USD) exchange rate against the Armenian dram (AMD) comprised AMD 421.95/$1 in Armenia on Friday; this is down by AMD 4.90 from Thursday, according to the official website of the Central Bank of Armenia, news.am informs.

No decline in economic development of CIS states – Executive Committee Chairman

The CIS participating states keep the positive development dynamics despite economic difficulties, no decline is being observed, Chairman of the CIS Executive Committee-Executive Secretary Sergei Lebedev said.

Construction of a new settlement in the administrative territory of the Astghashen underway

In the administrative territory of the Astghashen community of the region of Askeran, the construction of a new settlement for the displaced families from Madatashen, Sghnakh, Moshkhmhat communities are underway.

World Bank report: Armenia economic growth will be 3.5% in 2022, 4.6% in 2023

The World Bank’s latest Global Economic Prospects report has been released, news.am informs.

The World Bank worsens forecast for global economy

The World Bank sharply downgraded its outlook for the global economy, pointing to the war in Ukraine, the prospect of widespread food shortages and fears of a possible return of stagflation, a toxic mix of high inflation and sluggish growth not seen in over 40 years.

EAEU to start talks with Indonesia around free trade agreement

The Eurasian Economic Union (EAEU) is planning to launch talks with Indonesia around a free trade agreement, Prime Minister of Armenia Nikol Pashinyan said at today’s online session of the Supreme Eurasian Economic Council.

EEU leaders to take part in meeting of Supreme Eurasian Economic Council

Leaders of the Eurasian Economic Union will take part in a meeting of the Supreme Eurasian Economic Council.

World Bank to provide $25 million additional financing loan for Education Improvement Project in Armenia

The World Bank Board of Executive Directors approved today a $25 million loan for Additional Financing of the Education Improvement Project (EIP) in Armenia, the World Bank said in a press release.

The construction of a new residential district in Noragyugh continues

The construction of a new residential district continue in the territory of Noragyugh community of Artsakh’s Askeran region.

Spring sowing completed in Artsakh. Deputy Minister

The Ministry of Agriculture of the Republic of Artsakh has approved another program - "Installation or rehabilitation of infrastructure in greenhouses and gardens", which will increase the volume of local products in the Republic.

Iran ready for gas swap from Turkmenistan to Armenia – SHANA

Iranian Oil Minister Javad Owji has expressed Iran’s readiness for swapping Turkmenistan’s natural gas to Armenia, SHANA reported.

Dollar, euro lose value in Armenia

The American dollar’s (USD) exchange rate against the Armenian dram (AMD) comprised AMD 455.94/$1 in Armenia on Friday; this is down by AMD 4.19 from Thursday, according to the official website of the Central Bank of Armenia, news.am informs.

Dollar, euro fall in Armenia

The American dollar’s (USD) exchange rate against the Armenian dram (AMD) comprised AMD 472.64/$1 in Armenia on Tuesday; this is down by AMD 1.74 from the previous business day in the country, according to the official website of the Central Bank of Armenia, news.am informs.

Dollar, euro continue rising significantly in Armenia

The American dollar’s (USD) exchange rate against the Armenian dram (AMD) comprised AMD 474.38/$1 in Armenia on Friday; this is up by AMD 9.89 from Thursday, according to the official website of the Central Bank of Armenia, news.am informs.

Armenia to provide additional 20 billion drams to Artsakh for housing projects

The Government of Armenia will provide an additional 20 billion drams to Artsakh for housing projects given the urgent needs of apartments in Artsakh, State Minister of Artsakh Artak Beglaryan announced after the meeting of Artsakh President Arayik Harutyunyan with Prime Minister of Armenia Nikol Pashinyan.

Possibilities of freight shipping from Mumbai port to Armenia discussed in India

Armenian Minister of Foreign Affairs Ararat Mirzoyan led a delegation to the city of Mumbai as part of his visit to India. Armenian businessmen accompanied the FM to the financial capital of India, the foreign ministry said.

PM Mishustin calls for more active use of national currencies in Russia-Armenia trade

During his meeting in Moscow with Prime Minister Nikol Pashinyan of Armenia, PM Mikhail Mishustin of Russia called for more active use of national currencies in trade, news.am informs.