|

USD

381.14

EUR

444.68

RUB

4.9377

GEL

141.15

#OVERHEATING

Economy

Fitch says there are signs of overheating in Armenia's residential property market

Armenia's banking sector is marked by relatively high dollarization, although deposit dollarisation had fallen by 4.6pp from end-2022 to 50.5% in 2023, Fitch ratings says in a report.

29.01.2024, 10:00

Economy

Fitch sees signs of overheating in Armenia’s property market

There are signs of overheating in Armenia’s property market, with residential property prices rising by an average of 10% yoy in 1H23, owing mainly to the heightened demand from the population surge, Fitch Ratings said as it has upgraded Armenia's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'BB-' from 'B+'. The Outlook is Stable.

31.07.2023, 08:40

Economy

Central Bank of Armenia does not rule out the continued overheating of labor market in 2023

The Central Bank of Armenia does not rule out that the overheated labor market will persist in 2023.

01.02.2023, 13:18

Economy

Former Armenian minister warns of dangers of overheated growth

In an interview with Civilnet.am, former Armenian Finance Minister Vardan Aramyan predicts a 12-13% GDP growth for 2022, but warns also of dangers of overheated growth.

11.11.2022, 14:40

Economy

Central Bank expects business entities in Armenia to reduce commodity prices, but sees obstacles

The head of Armenia’s Central Bank Martin Galstyan told a press conference today that the regulator expects a slight decline in prices next year in the global commodity markets.

01.11.2022, 18:33