ARMENIAN BANKS AND RA CENTRAL BANKS UNITE EFFORST TO REDUCE SHADOW ECONOMY
On July 31, in the course of the joint meeting of the Union of the Armenian Banks and RA Central Bank, it decided to carry out joint arrangements directed to reduction of the shadow economy and activation of the banks in the crediting market. Chairman of RA Central Bank Tigran Sargsian and Stepan Gishian, chairman of Board of the Union of the Armenian Banks, stated about this in their speeches. They stated that the level of shadow economy is quite high in Armenia and this hinders the fair competition. Sargsian stated that the banking system of Armenia functions out of the shadow and its published indicators fully reflect the reality. He added that due to its adequacy and liquidity, the banking system of Armenia is a rather high level. The ROA and ROE profitability level of our banking system is even higher than that of the European countries. Sargsian said that in the coming few years the high level of profitability will secure stability and high tempos of development for the banking system of Armenia. In his turn, S. Gishian pointed out the main strategic lines for the development of the Union of the Armenian Banks for 2006. This deepening of cooperation between UBA and RA Central Bank, RA Government and RA Parliament, with the European Banking Federation, application of new daft laws for will contribute to the improvement of the legislative climate and development of the banking system of Armenia. Touching upon the achievements fixed in the banking system of Armenian in 2005, Gishian said that the GDP grew by 13,9%, the common actives of the banks by 21,2%, common capital by 46,6%, the volume of credit investments by 36%, the profitability of the capital by 15,3%. In 2005, the liquidity of the banking system made 41,8%, the credit rates decreased by almost 4 times. Gishian stated that RA Central Bank will coordinate the steps envisaged for 2006. Five banks of Armenia participated in today's meeting, particularly, Areximbank, Armenian Development Bank, "Ararat" Bank, ArmInvestBank and Unibank.
- By Ara Martirosian
NKR PRESIDENT ARKADY GHUKASIAN METTS WITH MATTHEW BRYZA, OSCE MG US CO-CHAIR
By Kim Gabrielian, StepanakertIn the course of the Saturday press-conference Saturday Nagorno-Karabakh President Arkady Ghoukassian stated that the key topic of his meeting with OSCE MG US co-chair Matthew Bryza was the involvement ...MATTHEW BRYZA, OSCE MG US CO-CHAIR STATES HIS MEETING WITH ARKADY GHUKASIAN, NKR PRESIDENT, WAS CONSTRUCTIVE
By Kim Gabrielian, StepanakertIn the course of the Saturday press-conference in Stepanakert OSCE MG US co-chair Matthew Bryza said that his meeting with Nagorno-Karabakh President Arkady Ghoukassian was constructive and creative. ...IMPORTANT URBAN CONSTRUCTION PROJECTS ARE CARRIED OUT IN YEREVAN IN FIRST HALF OF 2006
By Karine DanielianSeveral important urban construction project are implemented in the capital of Armenia in the first sixth months, 2006, to the sum of about 36,5 bln drams against the envisaged 34,2 bln drams, the Mayor ...NEW UNDERGROUND STATION TO BE BUILT IN YEREVAN SOON
By Karine DanielianIn 2008-2009, the construction of the new "Achapniak" underground station will be completed in Yerevan. Yervand Zakharian, Mayor of Yerevan City, said this at today's press conference. ...YEREVAN MAYOR’S OFFICE TO SETTLE ISSUE OF DAMAGED HOUSES
By Karine DanielianThe Yerevan Mayor's Office is going to settle the issue of the 3and 4 grade damaged houses. Yervan Zakharian, Mayor of Yerevan, said this at today's press conference. He said that this year ...ARMENIAN BANKS AND RA CENTRAL BANKS UNITE EFFORST TO REDUCE SHADOW ECONOMY
By Ara MartirosianOn July 31, in the course of the joint meeting of the Union of the Armenian Banks and RA Central Bank, it decided to carry out joint arrangements directed to reduction of the shadow economy and activation ...
IMPORTANT URBAN CONSTRUCTION PROJECTS ARE CARRIED OUT IN YEREVAN IN FIRST HALF OF 2006
By Karine Danielian"RAMKAVAR AZATAKAN" PARTY CALLS FOR CONDEMNING GREAT BRITAIN AS ACCOMPLICE IN ARMENIAN GENOCIDE
ACTING PRESS SECRETARY VLADIMIR KARAPETIAN ANSWERS TO QUESTION BY HAYLUR NEWS PROGRAM
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IN 2005 OVER 400 FAMILIES OF RA CITIZENS INTEND TO MOVE TO ARMENIA FROM RUSSIA
By Gohar GevorgianDAYS OF INFORMATION TECHNOLOGIES TO BE HELD IN YEREVAN IN AUGUST-SEPTEMBER THIS YEAR
SALE OF 90% OF ARMENTEL SHARES SI LIKELY TO COMPLETE IN LATE AUGUST
By Ara MartirosianRA OMBUDSMAN APPEALS TO OMBUDSMAN OF GEORGIA TO HELP 80 ARMENIANS STUCK NEAR GORY-TSKHINVAL BORDER
By Sousana MargarianNEW UNDERGROUND STATION TO BE BUILT IN YEREVAN SOON
By Karine DanielianDOCUMENTARY FILM ABOUT SEA EXPEDITION OF "CILICIA" VESSEL SHIP TO BE SHOWN IN MOSCOW
By Tamar Minasian
- 1809 Death of Hovsep Emin (public figure in the Armenian political emancipation movement) in Calcutta (India). He was born in 1726 in Hamadan (Iran).
- 1862 Start of the Zeitoon rebellion against Turkish exactions.
- 1873 Death of Mser Mseryants (public figure and philologist) in Moscow. He was born in 1808 in Smyrna.
- 1914 Treaty of Alliance Between Germany and Turkey.
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