Armenia to allocate over $6 million to host EBRD Annual Meeting Thursday, May 2 2024 15:14:00
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 ArmInfo. Armenia will allocate about 2.4 billion drams (approximately $6.2 million) for the annual meeting of the European Bank for Reconstruction and Development (EBRD), which will be held from May 14 to 16. The decision was made on May 2 at a meeting of the Cabinet of Ministers. |
Tuesday, March 19 2024 13:46
ArmInfo. The link between the national card systems of Armenia and Russia - ArCa and MIR - will be suspended from March 30. >>> |
Tuesday, March 19 2024 12:30
ArmInfo.Please be informed that due to the restrictions applied to the operator of the MIR card system, it will not be possible to ensure the full operation of MIR cards in our POS-terminals and ATMs in the territory of Armenia. >>> |
Monday, March 18 2024 15:17
ArmInfo.Ardshinbank offers an exclusive promotion: "Make cashless purchases, get 10% cashback on your Ardshinbank card." This special offer is available only from March 25th to March 31st included and is open to holders of all Ardshinbank cards except Meghu and ArCa Sas cards. >>> |
Friday, March 15 2024 20:40
ArmInfo.The Central Bank of Armenia (CBA) forecasts GDP growth of 5.3% or 6.4% for 2024 - up to 10.4-10.5 trillion drams (against 8.7% growth - up to 9.5 trillion drams in 2023), depending on the formation in the economy or high or low inflation environment. In 2025, according to the Central Bank's forecast, GDP growth will accelerate slightly to 5.7-6.7%, reaching a value of 11.4-11.7 trillion drams. >>> |
Friday, March 15 2024 16:22
ArmInfo. The Patience Left the Body >>> |
Tuesday, March 12 2024 18:44
ArmInfo. Our calculations show that we are approaching the neutral interest rate level. This opinion was expressed by head of the Central Bank of Armenia Martin Galstyan at a press conference on the decision of the Central Bank Board to reduce the refinancing rate by 0.25p.p. to 8.5%. >>> |
Tuesday, March 12 2024 18:42
ArmInfo. The external inflationary impact on the Armenian economy continues to weaken significantly. Governor of the Central Bank of the Republic of Armenia, Martin Galstyan, said on March 12 at a press conference on the reduction of the refinancing rate to 8.5% from 8.75%, noting that lowering the key rate is necessary to achieve the target inflation level of 4% and ensure price stability in the medium term. >>> |
Tuesday, March 12 2024 18:41
ArmInfo.It is too early to talk about the threat of overheating in the consumer lending market. Chairman of the Central Bank of Armenia Martin Galstyan expressed a similar opinion during a press conference on March 12. >>> |
Tuesday, March 12 2024 16:01
ArmInfo.The share of non-cash transactions in 2023 increased to 51% of the total volume In the Armenian plastic card market, (from 40% in 2022), to 3.2 trillion drams ($7.9 billion) in absolute terms. Moreover, the y-o-y growth rate of the volume of non-cash transactions accelerated from 69.7% to 2-fold. The increase in the share of non-cash transactions with Armenian cards resulted from a legislative restriction on cash transactions introduced from July 1, 2022. >>> |
Tuesday, March 12 2024 14:35
ArmInfo.The Central Bank of Armenia decided to reduce the refinancing rate by 0.25 pp, setting it at 8.5% - from 8.75. >>> |
Monday, March 11 2024 15:09
ArmInfo.“The Power of One Dram” February program has been summed up. IDBank and Idram donated the accumulated AMD 3,780,052 to the “City of Smile” Charitable Foundation to support children fighting cancer. >>> |
Monday, March 11 2024 14:58
ArmInfo.Ameriabank has been named the Best Bank in Armenia in sustainable finance for 2024. This achievement marks the fourth consecutive win for Ameriabank for funding initiatives designed to mitigate the negative impacts of climate change and help build a more sustainable future. >>> |
Monday, March 11 2024 14:47
ArmInfo.Amounts exceeding the maximum amount of social payments calculated and transferred from several sources will soon be automatically returned to individuals and there will no longer be a need to contact the tax authority. >>> |
Thursday, March 7 2024 12:49
ArmInfo. Araratbank intends to develop and implement an ESG strategy that includes environmental, social and corporate governance as three central factors in assessing the sustainability and impact of the company on the environment, society and the internal governance structure of the Bank, Raisa Babayan, Environmental and Social Risks Officer, stated at a panel discussion on the topic "Leadership in business beyond legal requirements", within the framework of the annual conference ROBUST ARMENIA-2024. >>> |
Thursday, March 7 2024 12:38
ArmInfo. Araratbank has adopted a policy consistent with the principles of sustainable development, because without compliance with ESG (Environmental, Social, Governance) aspects, our well-being and future are impossible, Raisa Babayan, Environmental and Social Risks Officer, stated at a panel discussion on the topic "Leadership in business beyond legal requirements", within the framework of the annual conference ROBUST ARMENIA-2024. >>> |
Thursday, March 7 2024 09:41
ArmInfo.IDBank payment cards are not only the best tool for cashless payments, but also your most profitable choice: The Bank announces an exclusive campaign, in the frames of which the most demanded and popular card types are discounted, and another pleasant surprise awaits for new customers. >>> |
Tuesday, March 5 2024 18:20
ArmInfo. Due to its geographical location, Armenia should develop markets where goods do not have physical weight, in particular the IT and financial sectors. CEO of Freedom Broker Armenia (a subsidiary of the American Freedom Holding Corporation) Hovak Hovakimyan stated the in a conversation with journalists on the sidelines of the first Investment and Financial Forum. >>> |
Tuesday, March 5 2024 16:36
ArmInfo. Armenia can become trading hub for foreign securities. This is a good opportunity. So, in general, private investors, companies, as well as the stock exchange, all of them can participate in it. Director of the Financial Stability Directorate at the Central Bank of Armenia Garegin Gevorgyan stated during the first Investment and Financial Forum, speaking about the current realities arising from the geopolitical situation. >>> |
Tuesday, March 5 2024 16:28
ArmInfo.SPRING PR will again host its annual International Doing Digital Forum (DDF) on 3 April in Yerevan. This year the Forum is entitled “Embracing Opportunities” and will focus on the latest approaches to digital transformation in finance and various business sectors, examine opportunities and the specifics of their localization, and position Armenia as a growing hub for digital transformation within the global technological and business community, thus enhancing the country's competitiveness. Ameriabank is the fintech partner of the forum. >>> |
Tuesday, March 5 2024 15:07
ArmInfo. In the last 4 years, the volume of dram debt in the general context of the state debt has increased from 20% to 46%. Head of Public Debt Management Department of the Ministry of Finance of Armenia Samvel Khanvelyan stated during a plenary session on the topic "Investment Climate in Armenia and Prospects for the Development of the Capital Markets" within the framework of the first Investment and Financial Forum. >>> |
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