Ameriabank retains absolute leadership in the banking sector of Armenia by all key financial indicators i.e. assets, liabilities to clients, total capital, loan book and net profit, based on 2016 results. Furthermore, the bank has reported strong performance in retail banking. (PanArmenian/Business World Magazine)
Passenger traffic in two Armenian airports grew by 21.6% in January-February against the same period the year before. The traffic at Yerevan’s Zvartnots international airport grew by 19.8% in the first two months of 2017 as compared to the same period in 2016. According to the General Department of Civil Aviation, 168,741 passengers have used…
Armenia’s exports amounted to $124.4 million in January, up by a total of 35.4% against the same period last year. As the National Statistical Service reports, Russia-bound exports surged by 80%, while those to the EU countries and Iraq increased by 21.5% and 24.4% respectively. Exports to the United Arab Emirates grew 6-fold, totaling some…
Financial news agency Cbonds has published the list of issues and public placements conducted in local bond markets of South Caucasus countries in 2016. Ameriabank is thus leading the Armenian banks, having placed three issues of bonds with a total sum of $22 million (7.12% market share in the South Caucasus). Moreover, not the dimensional,…
Russian gas supply to Armenia decreased from 1.92 billion cubic meters in 2015 to 1.87 billion cubic meters in 2016, materials prepared for the meeting of Armenian Prime Minister Karen Karapetyan with his Russian counterpart Dmitry Medvedev revealed. 2.6% less gas has thus been shipped from Russia to Armenia. According to the Cabinet materials, the…
Fitch Ratings has assigned Armenian capital city of Yerevan Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) of “B+” and a Short-Term Foreign Currency IDR of “B”. The Outlooks on the Long-Term IDRs are Stable. The ratings reflect Yerevan’s status as Armenia’s capital, satisfactory budgetary performance, supported by steady transfers from the central government,…
Minister of Agriculture Ignati Arakelyan has proposed producing wine, champagne and gin from honey in Armenia, a statement issued by the ministry said. Arakelyan met with a group of Armenian beekeepers to discuss the problems in the field and their possible solutions. Dwelling upon priority issues, the beekeepers singled out the necessity to diversify bee…