According to CBA domestic commercial banks further provided mortgages with loan-to-value ratio mostly between 60-80%, while taking quite a strict approach in evaluating borrowers’ creditworthiness.
RA Government obliged householders to apply new-generation cash registers from 2013. Selling of cash registers was entitled to “Cash Register Introduction Office” SNCO. And, as far as deadlines were short as usual, tender hasn’t been declared. Annual expenditures of SNCO maintenance comprise AMD 203 thousand per year.
In 2015, Armenia’s external trade concentration level by countries has decreased, because of 4.7 pp. lower share of trade partner Russia in the structure of exports. The latter has diminished the sensitivity of Armenia’s economy to unfavorable developments in Russia.
“The Herfindahl-Hirschman Index of Concentration for main balance sheet items (assets, liabilities, total capital) denotes that concentration of the banking sector remains low, which limits the likelihood of the impact of concentration risk on the financial stability,” CBA report reads.
As mentioned in Financial Stability Report 2015 of Central Bank of Armenia the growth of foreign debt is a result of the relocation of the second trench of Eurobonds with a total value of USD 500 million in March 2015. Funds attracted from international organizations at the end of the year also had their impact on the growth of foreign debt.
As mentioned in Financial Stability Report 2015 of the Central Bank of Armenia, indices for banking system assets-to-GDP and loans-to-GDP have decreased by 6.0 and 5.5 percentage points and comprised accordingly 68.5% and 39.8%.
The International Finance Corporation (IFC) and Business France will help Armenia prepare a new law on investments. Artsvik Minasyan, RA Minister of Economy, told about this on joint session of the National Assembly committees, and regarding the performance of the 2015 State Budget.
In the reporting period under continuous weak investment activity of economy private investments have decreased by 6.5%.
The main difference (change) is in accentuations. If formerly he was grounding by various arguments that Armenia’s membership to EEU is not only inexpedient, but we’d face issues, presently he sees settlement of our issues in in-depth integration into the same structure.
Average salary of Russian Government staff is USD 2307. In fact, salary of RF Government staff is higher than that of the legislative body. The elite of Russian state structure (regarding salary volume) is considered RF presidential staff, where average salary comprises USD 3085.
