Armenia

Location:
Southwestern Asia, between Turkey (to the west) and Azerbaijan

Climate:
highland continental, hot summers, cold winters

Natural hazards:
occasionally severe earthquakes; droughts







Currency: Drams (AMD)

1 EUR = 577.47 Dram - AMD (December 31st, 2014)
1 EUR = 559.54 Dram - AMD (December 31st, 2013)
1 EUR = 532.24 Dram - AMD (December 31st, 2012)
1 EUR = 498.72 Dram - AMD (December 31st, 2011)
1 EUR = 481.16 Dram - AMD (December 31st, 2010)

Sources:
ArmInfo News Agency
Central Bank of Armenia

Insurance statistics

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2010Insurance market overviewpdf
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1H2017 Market Portfolio

1H2017 Insurance Companies Rankings

Bloomberg predicts 2.5% economic growth in ARMENIA

Bloomberg predicts 2.5% economic growth in Armenia in 2016. This is according to the rating of 93 countries with the worst economic indicators published by the agency. It's worth mentioning for comparison that the World bank predicted 2.7% economic growth for Armenia, the International Monetary Fund- 2.2%, the European Bank for Reconstruction and Development- up to 2% , while the Asian Development Bank predicted an increase of 2%.

ARMENIA: Median gross wage in Nov. 2015 amounted to 181,982 drams

The median gross wage in Armenia in November 2015 stood at 181,982 drams (USD 379 or 24,659 Russian rubles), a 0.3% rise from October, according to the National Statistical Service (NSS). NSS said in 2015 October the median gross wage was 181,391 drams,  about 0.9% less than in September 2015 and 3.9% more than in October 2014.

ARMENIA: VTB Bank and Rosgosstrakh are most popular financial institutions

The public opinion poll conducted by Gallup International Association in Armenia has demonstrated that VTB Bank (Armenia) is the most popular among the financial-credit organizations of Armenia, Aram Navasardyan, Founder and Director at MPG LLC - Exclusive Representative of Gallup International Association in Armenia, told reporters on December 18. 

ARMENIA: Net income of insurers in 3Q2015 grew to AMD 2.394.1 billion

Net income of  Armenia-based six insurance companies in the first 9 months of 2015 grew to 2.394.1 billion drams from 2.056.3 billion drams in the same time span of 2014, according to ARKA news agency's latest bulletin "Insurance Companies of Armenia" for the third quarter of 2015.