// IP Marketing video - START// IP Marketing video - END

Ameriabank official: Armenia has no alternative to export development

Ameriabank official: Armenia has no alternative to export development

PanARMENIAN.Net - The export sector is currently far the most promising and is of interest to Ameriabank CJSC, the bank’s development director said.

“There are no alternatives to export enhancement for such small countries as Armenia,” Tigran Jrbashyan told a press conference.

Given the current inflation rate, he noted favorable conditions for boosting the export potential in the face of gradual devaluation of the national currency, with major investment projects being implemented.

Mr. Jrbashyan further cited allocation of USD 60 mln. for financing the trade sector among the fair outcomes recorded in the half-year, with the annual factoring having increased five times.

 Top stories
20,149 optical-mechanical devices were manufactured in the reporting period against the 3,388 produced in the same period last year.
Yandex and Uber said they will join forces in the six countries to create a new company operating in some 127 cities.
“A more efficient and reliable energy distribution network is important for economic growth in Armenia”, - said Sonali Tang.
As the National Statistical Service reports, imports to Armenia totaled $803.7 million, registering a 17.9% increase year-on-yea
Partner news