Tag Archives: global financial crisis

Armenia Seeks Another Major Loan from Russian-Led Group

The Armenian government moved on Thursday to obtain yet another large-scale foreign loan which it hopes will help the country overcome the ongoing economic crisis.

Archbishop Derderian’s Easter Message

“Christ is Risen from the dead, Blessed is the Resurrection of Christ” The Resurrection of Christ our Lord, which provides spiritual strength in our lives as Christians, is the ultimate expression of Divine Love for humanity. This glorious triumph of Christ over death graces us continually with a renewed understanding of our Christian faith. This

Premier Outlines Global Crisis Risks for Armenian Economy

YEREVAN (RFE/RL)–Armenia’s prime minister spoke of the risks that the country faces in view of the continuing global economic crisis as he visited parliament for a state budget debate Wednesday. Addressing lawmakers from the parliament tribune Tigran Sargsyan said Armenia is ready to face up to the challenge and make sure the crisis has a

Construction Becomes Largest Sector of Armenian Economy

YEREVAN (RFE/RL)–Construction has surpassed industry as the single largest sector of the Armenian economy after years of building boom that has been a key driving force behind the country’s double-digit economic growth. According to the latest macroeconomic data released by the National Statistical Service (NSS) on Friday, the total monetary value of construction work carried

Armenian Central Bank Sanguine about Global Crisis

YEREVAN (RFE/RL)–The chairman of the Central Bank of Armenia (CBA) on Friday echoed government assurances that the global financial crisis will not spill over into the Armenian banking sector. Artur Javadian told President Serzh Sarkisian that Armenian banks continue to be trusted by the population and have sufficient capital to avoid major losses. “The CBA

Armenia and the Global Financial Crisis

YEREVAN (RFE/RL)–The chairman of the Central Bank of Armenia (CBA) on Friday echoed government assurances that the global financial crisis will not spill over into the Armenian banking sector, echoing assurances made earlier this week by Armenia’s Prime Minister that Armenia would be able to "weather the storm," caused by worsening downward spiral of the

Sargsyan Meets with Cheney in Washington DC

WASHINGTON–Armenia’s Prime Minister, Tigran Sargsyan, was in Washington DC on Friday where he met with US Vice President Dick Cheney and Millennium Challenge Corporation President, Ambassador John Danilovich, reported Armenpress. The Prime Minister arrived in Washington on Thursday and is set to depart back for Yerevan on Wednesday. He is in the US capital attending

Sarkisian Travels to Bishkek for CIS Summit

YEREVAN (Combined Sources)–President Serzh Sarkisian was in the Kyrgyz capital of Bishkek on Friday for a CIS Heads of State meeting that resolved to combat the global financial crisis by combining the forces of the eleven ex-soviet states forming the loose commonwealth of independent states. "A decision was made today to create a working group

Baku Denies Likelihood of New Armenian, Azeri Meeting on CIS Sidelines

BAKU (Armenpress)–Azeri Preident Ilham Aliyev’s Foreign Policy Chief on Wednesday denied the possibility of a meeting between the Armenian and Azeri foreign ministers on the sidelines of an upcoming session of the Foreign Ministers Council of the Commonwealth of Independent States (CIS) to be held in the Kyrgyz capital of Bishkek on Thursday. “Official Baku

Top