Armenia taking action against fictitious debt write-offs

 Wednesday, June 17 2026 16:00:15
Armenia taking action against fictitious debt write-offs

ArmInfo. Armenia has decided to tackle the problem of fictitious debt write-offs. The National Assembly of the Republic of Armenia is discussing the draft  of the new Bankruptcy Code in its second reading at its regular  session on June 17.

Armenia dealing with changing taxation of dividends received by  shareholders of commercial banks
 Wednesday, June 17 2026 12:17

ArmInfo. Armenia has taken up the issue of changing the taxation of dividends received by shareholders of commercial banks. The National Assembly of the  Republic of Armenia is discussing amendments to the Tax Code and the  Law "On State Duty" at its June 17 session.

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Eurasian Development Bank celebrates 20th anniversary
 Tuesday, June 16 2026 16:53

ArmInfo. The Eurasian Development Bank (EDB) today celebrates 20 years since its founding. What began as a bilateral initiative has grown over two decades into one of the most respected multilateral development institutions in the Eurasian region, according to a statement from the Bank's press  service.

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``Do not trust your eyes’’: IDBank warns about fraud using deepfakes
 Tuesday, June 16 2026 16:22

ArmInfo.   A new, extremely dangerous type of fraud has spread in Armenia, in which fraudsters use artificial intelligence to copy the appearance and voice of your relatives, friends, or colleagues.

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Central Bank Governor:  Armenia holds strong position in economic  attractiveness
 Tuesday, June 16 2026 14:55

ArmInfo.Armenia currently maintains a very strong position in terms of economic attractiveness, as stated Martin Galstyan, Chairman of the Central  Bank of Armenia (CBA), during a parliamentary session on June 16. In  response to inquiries from deputies, he  highlighted the significant  inflow of capital into the country.

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Up to 30% idcoin at pools: Idram&IDBank
 Tuesday, June 16 2026 13:37

ArmInfo.Up to 30% idcoin at pools: Idram&IDBank     From the very first days of summer, everyone gets into “vacation mood”. Some are already planning their long-awaited beach getaways, others prefer to enjoy the breathtaking nature of Armenia, while some are looking for ways to spend the weekend aways from the city’s hustle and bustle – right here in town. Whatever recreation option you choose, one thing is for sure: swimming pools are one of the most popular places to spend the summer.    Water vacation is an essential part of summer. It is the perfect escape for both active swimmers and those who just want to unwind. And what if, along with a great time relaxing, you could also receive some idocins? Idram and IDBank are thrilled to launch their summer campaign, pack with idcoins.      Within the framework of the campaign, from June 15 to August 31, 2026, inclusive, when making QR payments at the following pools, you will receive up to 30% instant idcoin, in accordance with the campaign terms and conditions, but no more than 10,000 idcoin per calendar month (after tax): Cross Sports Complex Swimming Pool        Dili Town Resort Swimming Pool     Garun Swimming Pool at the Dilijani Tun Hotel        Hills Sports Complex Pool      Swimming pool at Lanj Restaurant         Swimming pool at Multi Wellness Center Sports and Health Complex     San Marco Pool        Swimming pool at the President Hotel        Zen Pool             And the rest is very simple: just choose your favourite pool, grab your sunscreen, and sunglasses and make payments via the Idram&IDBank app.     Find all the terms and conditions of the campaign here.

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The Central Bank of Armenia still maintains the refinancing rate at 6.5%.
 Tuesday, June 16 2026 12:37

ArmInfo. The Central Bank of Armenia is maintaining the refinancing rate at 6.5%. This decision was made on June 16 at a meeting of the Central Bank of Armenia's Board, according to which the rates on Lombard repos (8%) and on deposits from banks (5%) were also maintained at the previous level.

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Vahe Hovhannisyan: Recent years see steady growth trend in financial services exports from Armenia
 Tuesday, June 16 2026 11:36

ArmInfo. In recent years, there has been a steady growth trend in financial services exports from Armenia. This was stated by RA Minister of Finance Vahe Hovhannisyan on June 16, while presenting the country's 2025 state budget implementation in the National Assembly.

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``Teach For Armenia`` is the June beneficiary of the ``Power of One Dram``
 Monday, June 15 2026 18:32

ArmInfo.The May beneficiary of the ''The Power of One Dram'' initiative was the ''Vahe Meliksetyan'' Foundation. The accumulated 5.260.220 AMD will enable the foundation to organize a half-marathon in the city of Vanadzor, Lori region, encouraging a healthy lifestyle among residents and activating regional life. 

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London auction house Sothebys  interested in collaborating with  Armenian cultural organizations
 Monday, June 15 2026 18:07

ArmInfo.The prestigious auction house Sotheby's is interested in collaborating with Armenian cultural organizations, as reported by the press service of the  Ministry of Education, Science, Culture and Sport (MESCS), citing the  results of a meeting between the auction house's delegation, led by  Alina Davey, Sotheby's Regional Director for Europe, the Middle East  and Africa, and Edward Gibbs, Sotheby's Chairman for the Middle East  and India, and Zhanna Andreasyan, Head of the MESCS.

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Armenia FX market, June 8-12- USD transactions maintain growth as RUB  volumes decline
 Friday, June 12 2026 18:22

ArmInfo.  During the week of June 8–12, 2026, dollar transactions maintained growth on Armenia's interbank foreign exchange market, whereas ruble transactions experienced a contraction. Euro operations have been absent for nearly four months. Notably, the growth of dollar transactions  decelerated sharply from a 20-fold increase to 20.5%, while the trend  for ruble transactions inverted from a 25.5% expansion to a 27.6%  decline. Consequently, the weekly volume of dollar transactions  maintained its dominance over ruble volumes, exceeding them by nearly  twofold.

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IDBank issued the 4th and 5th tranches of bonds of 2026
 Friday, June 12 2026 15:26

ArmInfo.On June 15, 2026, IDBank placed registered coupon bonds through a public offering on the following terms:

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Armenian Banking Days in Germany
 Thursday, June 11 2026 17:00

ArmInfo. On 9 June an official reception entitled “Armenian Banking Days in Germany” was held in Frankfurt at the initiative of the Union of Banks of Armenia, dedicated to strengthening cooperation between the financial sectors of Armenia and Europe.

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Ardshinbank Once Again Becomes Flagship Sponsor of the EBRD Annual Meeting and Business Forum
 Thursday, June 11 2026 16:31

ArmInfo. Ardshinbank has once again assumed the role of Flagship Sponsor of the Annual Meeting and Business Forum of the European Bank for Reconstruction and Development (EBRD), reaffirming its active engagement in the international financial cooperation and economic development agenda.

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Financial Literacy Training for Young Chess Players: Idram & IDBank
 Thursday, June 11 2026 16:17

ArmInfo. Idram and IDBank continue their traditional series of financial and digital literacy training programs. This time, the training was held for students of the Arabkir Chess School.

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EU regulated Capital Intelligence Rating Agency Assigns BBB  International Rating to EDB with Stable Outlook
 Thursday, June 11 2026 10:24

ArmInfo.Capital Intelligence Rating Agency Ltd (CI Ratings), regulated by the European Securities and Markets Authority (ESMA), has assigned first-time BBB long-term and A2 short-term foreign currency credit ratings to Eurasian  Development Bank (EDB) with a stable outlook.

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Junius is back — with a new tournament and valuable prizes
 Wednesday, June 10 2026 15:00

ArmInfo.If you have already played Junius in the Idram Junior app, then you know it is a place where you can play, learn and compete.

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IMF projects 5.3-5.5% GDP growth for Armenia in 2026-2027, inflation  rise to 4.2-3.6%, and  decrease in unemployment to 12.8-12.7%
 Wednesday, June 10 2026 14:37

ArmInfo.The International Monetary Fund (IMF) has maintained its GDP growth forecast for Armenia for 2026 and 2027, initially projecting a slowdown to 5.3%  (from 7.1% in 2025), but then an acceleration to 5.5%. This is noted  in the IMF report, which also provides a forecast for the GDP  deflator index, which will decline to 103.2% in 2026 (from 103.6% in  2025) and then continue to move downward to 103% in 2027.

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IMF Executive Board Completes First Review Under Stand-By Arrangement  with Armenia
 Wednesday, June 10 2026 13:15

ArmInfo.The Executive Board of the International Monetary Fund (IMF) completed the first review under the Stand-By Arrangement (SBA) with Armenia.

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From Small Steps to Big Changes: “The Power of One Dram” Turns 6
 Tuesday, June 9 2026 14:54

ArmInfo.Six years, around 45 foundations, more than 55 projects, and a budget reaching 300 million AMD. These are not just numbers; they are a vivid reflection of collective strength, trust, and deep-rooted partnership.

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Armenian bankers meet with their German colleagues from LBBW
 Tuesday, June 9 2026 12:22

ArmInfo. On June 8, a meeting was held in Stuttgart, Germany, at the initiative of the Union of Banks of Armenia and Landesbank Baden-Wurttemberg (LBBW), bringing together the executives of Armenian banks, senior representatives of the Central Bank of Armenia, and Landesbank Baden-Wurttemberg.

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Up to 30% idcoin at pools: Idram&IDBankUp to 30% idcoin at pools: Idram&IDBank
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Exchange rates
17.06.2026
RUB5.04-0.04
USD368.06-0.15
EUR426.84-0.65
GBP493.64-0.76
CAD262.69-0.37
JPY22.970.00
CNY54.46-0.04
CHF464.600.98