“By Your Side”: IDBank`s new support program for displaced Artsakh citizens Tuesday, May 7 2024 22:20:00
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 ArmInfo.IDBank is launching a long-term social support program for forcibly displaced Artsakh residents. This time, the program includes about 150 minor children from 42 families forcibly displaced from Artsakh. |
Monday, October 2 2023 17:20
ArmInfo.Commercial banks in Armenia are currently conducting an inventory of tangible and intangible assets in order to get a complete picture of the problems that have arisen as a result of the situation in Nagorno-Karabakh. >>> |
Monday, October 2 2023 12:58
ArmInfo.Armenia's gross international reserves (GIR) accelerated in y-o-y growth for Jan-Aug 2023 from 12.6% to 16.5% (i.e. increased by $598 million) and updated a historical maximum at $4.219 billion (against previous maximum at $4.126 billion in July this year and $4.112 billion in December 2022), according to the data of the Central Bank of the Republic of Armenia. >>> |
Wednesday, September 27 2023 18:53
ArmInfo. The European Bank for Reconstruction and Development (EBRD) has further improved its GDP growth forecast for Armenia for 2023 from the previous 5% to an updated 6.5%, expecting a slowdown in 2024 to 4.5% (versus the previously announced retention at 5%). And this is the highest GDP growth that the EBRD expects in 2023 for the Eastern Europe and Caucasus region. This forecast is given for 2023-2024, taking into account geopolitical events, which are an important source of risks of slowing economic growth. >>> |
Monday, September 25 2023 18:31
ArmInfo.Chaired by Prime Minister Nikol Pashinyan, a consultation was held in the Government on the macroeconomic and fiscal framework of the draft state budget 2024, the PM's press service reports. >>> |
Friday, September 22 2023 13:16
ArmInfo.On September 22, the Government of Armenia approved the draft decree of the President of the Republic of Armenia "On approval of additional agreement No. 1" to the agreement between the Republic of Armenia and the Eurasian Development Bank on the provision of a grant from the funds of the Eurasian Fund for Stabilization and Development to finance the E-Labor Exchange programme. >>> |
Friday, September 15 2023 14:04
ArmInfo. As of August 31, 2023, Armenia's national debt totaled $11.387bln - a 7% increase this January-August (a $749.2mln increase), and a 5% or AMD 208.5bln increase. The period under review saw further AMD appreciation against the USD - AMD 480/$1 to AMD 385/$1. >>> |
Wednesday, September 13 2023 17:07
ArmInfo.On September 13, head of the Central Bank of the Republic of Armenia Martin Galstyan received the delegation of the International Monetary Fund, headed by the head of the IMF mission in Armenia, Iva Petrova. This is noted in the message of the Central Bank of the Republic of Armenia, which states that among the issues raised, the parties also discussed the introduction of new approaches to monetary policy. >>> |
Tuesday, September 12 2023 19:34
ArmInfo. The deflationary impact from the external sector on the Armenian economy will continue. This was stated on September 12 by head of the Central Bank of the Republic of Armenia Martin Galstyan at a press conference regarding the third reduction in the refinancing rate this year from 10.25% to 9.75%. >>> |
Tuesday, September 12 2023 19:32
ArmInfo. The Central Bank's decision to reduce the refinancing rate suggests that inflation risks are more manageable today. Chairman of the Central Bank of Armenia Martin Galstyan stated during a press conference on September 12. >>> |
Tuesday, September 12 2023 17:49
ArmInfo.A reduction in interest rates on loans is possible only if the overall risk environment softens, which will also adjust deposit rates downward. Governor of the Central Bank of Armenia, Martin Galstyan, commented on the possible impact of reducing the refinancing rate on bank lending rates during a press conference. >>> |
Tuesday, September 12 2023 17:42
ArmInfo.The Central Bank has improved its forecast for 2023 for Armenia's GDP growth from the previous 6.9% to an updated 7.2%. The new forecast is driven by strong growth in the construction and services sectors. >>> |
Tuesday, September 12 2023 13:28
ArmInfo.The Central Bank of Armenia again reduced the refinancing rate this time by 0.5 percentage points - from 10.25% to 9.75%. >>> |
Friday, September 8 2023 18:08
ArmInfo.Deflation in Armenia is very negligible due to the moderate reduction in food prices and rising prices for services. Moreover, among food products, the prices of sunflower oil, flour, cereals and pasta decreased most noticeably, while vegetables and fruits had a much smaller deflationary effect. At the same time, service tariffs continued to rise, slightly more modestly than last year, with double-digit growth in transportation and recreation, and medical services began to rise more rapidly. >>> |
Friday, September 8 2023 16:45
ArmInfo.If you have a small or mobile business, the SoftPOS application from IDBank is what you need. >>> |
Friday, September 8 2023 16:01
ArmInfo. IDBank completed the primary placement of the next tranche of registered coupon dollar bonds in the amount of $5 million, issued on July 24, 2023, ahead of schedule. This is noted in the message of IDBank, where it is noted that after listing on the Armenian Stock Exchange, the bonds of this issue (AMANLBB2LER8) will be quoted by the Marketmaker. >>> |
Thursday, September 7 2023 15:25
ArmInfo.Armenia's national debt accelerated in growth from 11.2% to 13.8% per annum, reaching $11.4 billion (4.4 trillion drams) by August. This was due to a reversal of the annual trend of external debt from a 4.1% decline towards 4.1% growth and a slowdown in the increasing rate of domestic debt from 55.7% to 31.2%, the absolute value of which reached $6.7 billion by August and $4.7 billion, respectively (2.6 trillion drams and 1.8 trillion drams). >>> |
Thursday, September 7 2023 15:24
ArmInfo. Armenia's Minister of Economy Vahan Kerobyan hosted a WB delegation including Mr Tafadzwa Irvine Dube, Team Leader and Disaster Risk Management Specialist, and Ms Nora Mirzoyan, Urban Specialist. >>> |
Wednesday, September 6 2023 10:45
ArmInfo.Summer is coming to an end, but the travel period is not: as long as the weather permits, we try to enjoy outdoor recreation almost every weekend. Of course, when traveling around the marzes, we use shops, cafes or entertainment venues, and it is very nice to see that in a number of marzes it is already possible to pay with Idram. Could you indicate in which regions your team mainly develops QR payments? >>> |
Tuesday, September 5 2023 20:04
ArmInfo.The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are helping improve access to finance for Armenian micro, small and medium-sized sized enterprises (MSMEs) through Acba Bank. >>> |
Tuesday, September 5 2023 16:10
ArmInfo.Within the framework of "The Power of one dram" initiative, AMD 3,500,572 were donated to the "SOS-Children's Villages" Armenian charity foundation in August. This means that during the month of August, 3,500,572 payments were made with the Idram&IDBank application, the IDBanking.am and Idram.am websites, and the terminals of the two companies. >>> |
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