ArmInfo.

ArmInfo.

ArmInfo. The inaugural investment and financial forum in Armenia is scheduled to take place  on March 5, 2024, at Dvin Music Hall. 

ArmInfo. S&P Global Ratings affirmed its 'BB-/B' long- and short-term foreign- and local-currency sovereign credit ratings on Armenia. The outlook on the long-term ratings is stable.

ArmInfo.

ArmInfo. Armenia is ideally positioned to offer India an alternative sea trade route, especially  with Europe, Narek Mkrtchyan, the country's minister for Labor and Social Affairs, said on the sidelines of the ninth edition of the Raisina Dialogue in the national capital on Wednesday.

ArmInfo.Reacting to the objective dissatisfaction of citizens, the Armenian authorities decided not to tax Armenian citizens who went to work abroad for a period specified by law if they paid income tax in the country where the income was received, Chairman of the State Revenue Committee Rustam Badasyan stated on February 23 at a meeting of the Cabinet of Ministers.

ArmInfo. From April 2024, the policyholders will be required to indicate the number of their bank  account (card or current), or the account of their authorized representative in the CMTPL (Compulsory Motor Third Party Liability) agreement. This is noted in the message of the Motor Insurers' Bureau of Armenia received by ArmInfo.

ArmInfo. Prime Minister Nikol Pashinyan's working visit to France continues.As the press service of the RA Premier reports, on the morning of February 22, the Prime Minister visited the "Elite Club of Political Dialogue", where he had a meeting with the heads of a group of large  French companies operating in various fields.

ArmInfo. The online service of Telecom Armenia OJSC provides an opportunity for users to purchase  a SIM card in eSIM format through the My Team mobile application, without visiting the service office; remote identification, subscriber registration, and activation of the service occur using a mobile application. The operator provides an opportunity to securely download the application for the eSIM card to the subscriber's  device. 

ArmInfo.Ria Money Transfer international money transfer service has recognized Ardshinbank as the Partner of the Year for achieving great results during 2023 and supporting Ria Money Transfer business growth.

ArmInfo. On February 19, a memorandum of understanding was signed between the Tourism Committee  under the RA Ministry of Economy and Strategic Development Agency NGO within the framework of "Living Landscapes for Market Development in Armenia" project funded by the Swiss Agency for Development and  Cooperation and implemented by the Armenian Branch of the World Wildlife Fund (WWF-Armenia) in cooperation with Strategic Development Agency (SDA).

ArmInfo.The State Revenue Committee (SRC) of Armenia is discussing with the Ministry of Finance  the issue of applying benefits for certain categories of citizens traveling to work in the Russian Federation. Head of the State Revenue Committee of Armenia Rustam Badasyan stated  on February 21  in a conversation with journalists.

ArmInfo.The profit of the Armenian banking system in 2023 was 230 billion drams, which is 12.5% lower than the year-ago figure. Chairman of the Union of Banks of Armenia Daniel Azatyan stated during a press conference on February 20. He noted that the decline is due to both objective and subjective factors.

ArmInfo. The HSBC group has been moving its capital and focusing on its preferred markets, as has been the policy in recent years. Only since 2021, as noted by the Chairman of the Union of Banks of Armenia (UBA) Daniel Azatyan during a press conference, the Group has withdrawn from 7 countries, including retail lending in France, the USA, Greece, etc.

ArmInfo. The net inflow of private transfers to Armenia decreased by 36% in 2023, in absolute  terms it decreased from $2.6 billion to $1.7 billion. As evidenced by the dynamics of 2022, this figure showed an unprecedented threefold increase.

ArmInfo.  Bank of Georgia Group PLC ("BOGG" or the "Group") announces the proposed acquisition  of 100 per cent. of a leading bank in Armenia, Ameriabank CJSC ("Ameriabank"), for approximately $303.6 million. This acquisition will significantly enhance the Group's presence and growth opportunities within a fast-growing and attractive market, according to BOGG's official statement.

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.

ArmInfo. If a citizen works abroad, but is at the same time a resident of Armenia, then he is  obliged to independently calculate and pay income tax on the income he receives from this work, as well as submit an online income declaration to the tax authority of the Republic of Armenia no later  than May 1 of the following year, the State Revenue Committee of Armenia reports.

ArmInfo. The decision of the State Revenue Committee of Armenia on taxation of labor migrants  and penalties in case of non-payment is extremely unfair. Tatevik Bezhanyan, Advocacy Officer at Armenian Caritas Migration and Development Project , stated during a press conference on February 16.