The Power of One Dram to the Road of Life Charitable Organization

 Friday, May 3 2024 18:31:02
The Power of One Dram to the Road of Life Charitable Organization

ArmInfo.The Power of One Dram” initiative sums up the program of the April month, as a result of which AMD 3,913,063 gathered will be directed by the beneficiary “4090” fund to the provision of tuition fees for students participating in the four-day and 44-day wars, giving the opportunity to a hundred of young people to change their quality of life through education.

Armenia`s commercial banks to be authorized to issue guarantees for  participation of Armenian companies in procurement in EAEU
 Monday, February 19 2024 19:05

ArmInfo. Armenia will join the agreement of the countries of the Eurasian Economic Union on the mutual recognition of bank guarantees in public procurement. In general, this should facilitate the participation of the Armenian companies from the Republic of Armenia in the state and municipal procurements taking place in the EEU market.

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Ameriabank set to join BOGG, a London Stock Exchange (LSE) listed financial group as a standalone entity
 Monday, February 19 2024 15:52

ArmInfoAmeriabank (the Bank) has reached an agreement with the BOGG (the Group), a UK registered financial group, to join the latter as a standalone entity and the Group to become the main shareholder of the Bank, with the European Bank for Reconstruction and Development (“EBRD”) retaining their 10% shareholding in Ameriabank.

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Which Book to Choose as a Gift for the Book Giving Day? A Piece of Advice from Idram and IDBank
 Friday, February 16 2024 17:19

ArmInfo.The most bookish holiday of the year is almost here: on these days the book is definitely the most bought and gifted item in the town, although you can’t call it an “item”. The special offers of bookstores exceed the New Year promotions, and the book queues remind of the good old days when people stood in line to buy books.

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Armenian Card: arca.am application to stop operating from Apr 15,  2024
 Friday, February 16 2024 13:05

ArmInfo.The Armenian Card CJSC has announced its plans to stop operating the arca.am  application. 

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Bank of Georgia Group PLC announces possible transaction to acquire  Ameriabank CJSC
 Thursday, February 15 2024 19:44

ArmInfo.Bank of Georgia Group PLC ( or ) clarifies recent media rumors regarding a potential transaction involving Ameriabank CJSC (), a leading bank in Armenia, and confirms that "it is in "advanced discussions" regarding its potential acquisition of Ameriabank CJSC."

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With HSBC`s withdrawal, Armenia loses last transnational  institutional investor - analysts
 Thursday, February 15 2024 17:45

ArmInfo. The likelihood of attracting a new international brand to the Armenian financial market  is quite low. Economist Haykaz Fanyan expressed a similar opinion on his Facebook page, commenting on the HSBC's withdrawal from Armenian market.

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Moody`s assigns B2 rating to Electric Networks of Armenia
 Wednesday, February 14 2024 15:23

ArmInfo. Attracting financial resources for the investment program of Electric Networks  of Armenia is the easiest task, but it is much more difficult to organize the work correctly, Director General Karen Harutyunyan told reporters on February 14.

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Electric Networks of Armenia CJSC bonds successfully placed 
 Wednesday, February 14 2024 15:04

ArmInfo.The placement of AMD 32bln bonds of Electric Networks of Armenia CJSC was successfully  completed within a short space of time, Director General Karen Harutyunyan told reporters. 

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S&P Global Ratings upgrades Ardshinbank to `BB-`; outlook "Stable"
 Monday, February 12 2024 20:43

ArmInfo. S&P Global Ratings upgraded its long-term issuer credit rating on Ardshinbank CJSC to  'BB-' from 'B+' and revised the outlook on the rating to "stable". At the same time, we affirmed our 'B' short-term issuer credit rating on the bank. This is noted in a message from S&P Global Ratings.

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How to Celebrate Love Days? A Piece of Advice from Idram and IDBank
 Monday, February 12 2024 12:36

ArmInfo.A few days are left for the February love days. Regardless of which team you are in - celebrating Terendez or Valentine's Day, you still need to plan in advance where you are going to celebrate. You may already be bored of celebrating by simply eating out or having fancy drinks in classic cafes and restaurants. That's why Idram and IDBank have gathered the most unique ideas to make your 2024 love days unforgettable. Let’s go.

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Fitch upgrades ACBA Bank to `BB-`; Outlook stable
 Saturday, February 10 2024 01:31

ArmInfo.Fitch Ratings has upgraded ACBA Bank Open Joint-Stock Company's (ACBA) Long-Term Issuer  Default Rating (IDR) to 'BB-' from 'B+', and the bank's Viability Rating (VR) to 'bb-' from 'b+'. The Outlook is Stable. The Fitch Ratings press release received by ArmInfo reads.

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Visa Travel card - your best friend of the road
 Thursday, February 8 2024 17:02

ArmInfo.Today, traveling does not depend on the weather. You can enjoy the pleasure of traveling the world at any time of the year, and now you can also plan your vacation for the whole year by buying tickets and booking hotels in advance saving huge amounts of money and getting cashbacks.

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Decision to sell HSBC Armenia follows strategic review
 Tuesday, February 6 2024 17:14

ArmInfo. The decision to sell HSBC Armenia follows a strategic review, and aligns with the HSBC Group strategy to redeploy capital from less strategic or low-connectivity businesses into higher-growth opportunities globally. This is stated  in the official News Release of HSBC Armenia Bank regarding its sale  to the largest Armenian banking group, Ardshinbank CJSC.

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Ardshinbank announces agreement to acquire HSBC Armenia
 Tuesday, February 6 2024 17:10

ArmInfo. Ardshinbank, the largest Armenian banking group, is today announcing it has reached a binding agreement with HSBC Europe B.V., a subsidiary of HSBC Holdings plc, to acquire its fully owned banking subsidiary in Armenia. 

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AMD 3,665,972 to Armenian Mothers. In February, Cancer Awareness Month, The Power of One Dram will be directed to the City of Smile
 Monday, February 5 2024 15:08

ArmInfo.IDBank and Idram sum up the January program of the Power of One Dram initiative. The amount gathered during January, AMD 3,665,972 was directed to the "Armenian Mothers" charity fund.

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Armenia`s gross international reserves decreased by 12.3% in 2023,  reaching USD 3.6 billion 
 Wednesday, January 31 2024 20:19

ArmInfo.Armenia's gross international reserves (GIR) decreased by 12.3% or $504.1 million in 2023 to $3.608 billion, while in 2022 it increased by 27.3% or $881.8 million to $4.112 billion dollars. GIR's quarterly dynamics also worsened - up to a 13.4% decline in Q4 from 6.6% growth in Q3, according to the data from the Central Bank of the Republic of Armenia.

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State Property Management Committee of Armenia provided budget  revenues of  AMD 15.4 billion in 2023
 Wednesday, January 31 2024 17:24

ArmInfo.RA Prime Minister Nikol Pashinyan visited the State Property Management Committee of the  Ministry of Territorial Administration and Infrastructure to discuss the Committee's activity report for 2023, the presss ervice of the Armenian PM reports.

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Armenia`s national debt 48.4% of GDP by end of 2023 - minister 
 Wednesday, January 31 2024 13:58

ArmInfo. According to preliminary estimates, Armenia's national debt reached 48.4% of the  GDP by the end of 2023 against 49.2% the previous year, Minister of Finance Vahe Hovhannisyan told a press conference. 

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M. Galstyan: weak deflationary impact on Armenian economy is expected  from external sector
 Tuesday, January 30 2024 19:09

ArmInfo.A weak deflationary impact on the Armenian economy is expected from the external sector. Governor of  the Central Bank of the Republic of Armenia, Martin Galstyan, stated on at a press conference January 30, presenting the rationale for today's reduction in the refinancing rate by 0.5 pp - setting it at 8.75%.

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CBA reduces refinancing rate by 0.5 pp - up to 8.75%
 Tuesday, January 30 2024 13:23

ArmInfo.At its meeting today, the Board of the Central Bank of Armenia decided to reduce the refinancing rate by 0.5 pp, setting it at 8.75%.

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