Amidst predictions that Armenia’s economy may shrink by as much as 20 percent, Yerevan has received an $80 million pledge of assistance from the Asian Development Bank (ADB).

A new structure designed to encourage buying and selling on Armenia's shrinking property market has launched its active operations by signing its first deal on mortgage loan refinancing with one of...

Armenia's economy has continued to decline for the sixth consecutive month this year, according to the preliminary data released by the National Statistics Service.

YEREVAN (RFE/RL)-The Armenian government is unlikely to avoid cutting its expenditures projected for this year despite securing hundreds of millions of dollars in external budgetary loans, a senior...

YEREVAN (RFE/RL)-In a further effort to mitigate the impact of the global recession, the World Bank allocated late Tuesday a new $30 million loan to Armenia aimed at rehabilitating some of the coun...

Armenia's economy will likely contract by 12 percent this year and resume positive growth next year, Prime Minister Tigran Sargsyan said on Wednesday, presenting his government's latest economic ou...