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YEREVAN. – According to official data, the annual real estate purchase and sale transactions in Armenia have dropped by 30.6 percent, including 34.5 percent in capital city Yerevan, from January to March of the current year. But against the backdrop of the apartments’ mass offers, less number of apartments is purchased in the country. Such a sharp decline in demand should have led to price changes in the housing market. The official prices, however, are “a...
The average monthly nominal salary in the highest paying segment of the economy of Armenia - the financial and insurance activities, in November 2014 compared to November 2013 increased by 1.3% to 373,628 drams, according to the National Statistical Service of Armenia. The lowest paid spheres in Armenia became the scope of other services, where salaries amounted to about 107.6 thousand AMD, the scope of the organization of accommodation and catering - 110.9 thousand AMD...
The aggregate loan portfolio of Armenia’s banks amounted to AMD 2 163 billion in 2014 after growing 21.2% over the year. ARKA News Agency’s analysis shows that Ameriabank, VTB Bank (Armenia), Ardshinbank, HSBC Bank Armenia and Armbusi nessbank were largest lenders among the country’s banks in 2014. These banks’ aggregate loan portfolio amounted to AMD 1 135.7 billion and made up 52.5% of the total lending of the country’s banks. Ameriabank...
