ArmInfo. 47 Armenian producers will present their products at the international food and beverage exhibition Gulfood 2024.

ArmInfo.In Armenia, state duties will be applied on exported gold, platinum and palladium.

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.

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. 

ArmInfo. The extension of high rates of state duties on exported ferrous and non-ferrous metals  in Armenia for six months will allow increasing the volume of metallurgical production,  Minister of Economy Vahan Kerobyan stated on February 6 at the plenary session of the National Assembly of the Republic of Armenia, presenting the amendments to the law "On State Duty" in the second and final reading.

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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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ArmInfo. In order to keep up with the "train that moves at the speed of light," we have the only recipe - guided by political and economic priority, the formation of an all- Armenian broad agenda in the field of artificial intelligence, Martyn Galstyan, Chairman of the Central Bank of Armenia (CBA), stated at the forum Artificial Intelligence for  Business, organized by the Ministry of Economy.  

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ArmInfo. From today, license plates 00 OO 000 will go on sale, Armenia's Premier Nikol Pashinyan  stated on February 1.

ArmInfo. "We have big problems in the water supply sector. And this is the area where we must show  political will and make decisions," Prime Minister Nikol Pashinyan said on February 1 at a cabinet meeting, pointing out that the authorities' efforts should be aimed at providing people with water,  and not at curbing prices.

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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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ArmInfo. The situation in the public multiplex in Armenia is very bad, caused by the large debts that the country's television companies have accumulated. Chairman of Armenia's National Commission on TV and Radio (NCTR)   Tigran Hakobyan stated  at a press conference on January 30.

ArmInfo.At the end of 2023, the list of 1000 largest taxpayers of Armenia included 70 IT  companies, which in total replenished the state treasury by 75 billion drams, which exceeds the figure a year ago by 44% or 25 billion drams.

ArmInfo.There are currently no reasons for concern regarding the growth of consumer lending in Armenia. Deputy Governor at Central Bank of Armenia Armen Nurbekyan said, answering questions during a panel session at the economic forum organized by Amundi-ACBA Asset Management, the pension fund  management company.