In the first quarter of 2016 net inflow of foreign direct investments (FDI) comprised about AMD 15 billion as compared to the same period of 2015 (AMD 35.3 billion), i.e. FDI net inflow decreased by AMD 20.3 billion, or 2.3 times.
If export growth continues with the same proportion, and export grows by 26.3%, and by 2.2 times to Russia, then the latter’s specific gravity in Armenia’s export will exceed 26% till the end of the year. Do you imagine what a high concentration is it and how sensitive will Armenia’s economy become ?
“I understand that as opposition you should present everything under collapse, I have also been from opposition. Give a little measurable assessments, which is the quantity of measuring destruction?” A.Minasyan resented.
For consumers of up to 10,000 cubic meters of gas monthly, the price is set to 146,700 (previously 156,000) AMD for 1000 cubic meters.
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%.
