// 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
A report said the slowdown is because of low commodity prices that are hurting energy exporting countries like Azerbaijan and Uzbekistan.
Karapetyan stressed the importance of employing modern technologies, adding that the government is ready to support the business entities.
90 local organizations representing the country’s agricultural product processing industry participate in the trade show.
Annual deflation in the country was at 1.9% in August, compared to 1.3% deflation in July, according to central bank data.
Partner news