Rocket Line - now for 60 months: Idram and IDBank

 Friday, May 17 2024 18:45:05
Rocket Line - now for 60 months: Idram and IDBank

ArmInfo.What if we tell you that Rocket Line is now for longer period than you expected? Yes, we do everything possible so that you have the most comfortable conditions for your daily payments.

CBA Head: Inflationary pressure to soften in 2023
 Tuesday, January 31 2023 22:18

ArmInfo. Inflationary pressure emanating from international commodity markets is easing at this stage.  Chairman of the Central Bank of the Republic of Armenia  Martin Galstyan announced this on January 31 during a press  conference.

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Central Bank: Volume of deposits of non-residents in Armenian banks  almost doubled in 2022
 Tuesday, January 31 2023 22:17

ArmInfo.Loan investments In the banking system of Armenia during 2022, if we exclude the effect of the exchange rate, increased by 15%, which was secured by  mortgages. And deposits in Armenian banks increased by 43%. Chairman  of the Central Bank of Armenia MartIn Galstyan announced this during  a press conference on January 31.

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Martin Galstyan: there is one commonality for all regulators today -  no one knows how to regulate the cryptosector well
 Tuesday, January 31 2023 22:16

ArmInfo.There is one commonality for all regulators today - no one knows how to regulate the cryptosector well. On January 31, answering journalists'  questions, said the Chairman of the Central Bank of Armenia Martin  Galstyan.  He noted that this issue is being discussed in Armenia, in  particular, in the Central Bank, but it is too early to say that it  was possible to come to the final, most effective model for  regulating the cryptosector.

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Central Bank is considering possibility of increasing countercyclical  capital buffer by 0.5%
 Tuesday, January 31 2023 22:15

ArmInfo.The Central Bank of Armenia is considering the possibility of increasing the  countercyclical capital buffer (CCM) by 0.5%. Chairman of the Central  Bank of the Republic of Armenia Martin Galstyan stated this on  January 31 during a press conference.  In this regard, he stressed  that this issue was discussed at a meeting of the Board of the  Central Bank, and is now being discussed in the Ministry of Justice.  "I hope we will publish this decision soon," he stressed.

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Central Bank of Armenia maintains its forecast for 2023 on GDP growth  at 4.6%
 Tuesday, January 31 2023 16:40

ArmInfo. Central The Bank of Armenia has left unchanged its economic growth forecast for 2023. As RA Central Bank Chairman Martin Galstyan noted at a press conference on January 31, this year Armenia's GDP growth will be 4.6% and the  main drivers will be construction, industry and services.

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Armenia`s gross international reserves set a new record of $4.112  billion by 2023
 Tuesday, January 31 2023 15:48

ArmInfo.By 2023, Armenia's gross international reserves (GIR) reached a historical maximum - $4.112 billion, having increased by 27.3% or $881.8 million over 2022  (against 23.5% growth in 2021), thereby exceeding the September  record level of $3.7 billion. The quarterly growth rate of gross  international reserves also accelerated markedly to 10% in Q4 from  8.4% in Q3.  This is evidenced by the data of the Central Bank of the  Republic of Armenia.

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Armenia`s CB leaves refinancing rate unchanged 
 Tuesday, January 31 2023 14:57

ArmInfo.At its meeting on January 31, the Board of the Central Bank of Armenia (CBA) decided to leave the refinancing rate unchanged at 10.75%.

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Armenia`s financial authorities continue loan market dedollarization 
 Monday, January 30 2023 12:32

ArmInfo.Armenia's commercial banks and lending agencies will from now on issue loans in AMD terms only. The Standing Committee on Financial-Credit and  Budgetary Affairs, RA Parliament, approved the draft amendments to  the Law on currency control proposed by a number of MPs. 

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Ameriabank leads Armenian mortgage market
 Friday, January 27 2023 22:54

ArmInfo.Ameriabank has been the absolute leader on the mortgage market for five years in a row.  According to the press service of the Bank, in 2022, the bank's  mortgage portfolio grew by AMD 45 blnor 32%, totaling AMD 186 bln.  Ameriabank'smarket share is reaching 22 % as of 31.12.2022.  

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Global Finance: Converse Bank is Armenia`s leading bank in Trade Finance
 Friday, January 27 2023 11:11

ArmInfo.Converse Bank wins ‘Best Trade Finance Provider’ award by Global Finance, maintaining its leading position in this field in Armenia.

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In Armenia, terms for removing arrest from citizens` accounts to be  reduced to 1-2 days from previous 7 days or more
 Monday, January 16 2023 20:15

ArmInfo.The Central Bank of Armenia and the Ministry of Justice of the Republic of Armenia signed a memorandum of understanding to ensure the format filling of  data on payments made from accounts under enforcement proceedings by  the Compulsory Enforcement Service of judicial acts.

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Share of Armenia`s authorized capital in  EDB increased to 4.2291%,  while Russia`s stake in EDB decreased  to 44.7878%  
 Monday, January 16 2023 18:51

ArmInfo.On 30 December 2022, the Council of the Eurasian Development Bank (EDB) unanimously approved a redistribution of the Bank's charter capital among its  member states.  According to the Bank's press service, a portion  comprising 321,151 shares held by the Russian Federation in the  Bank's paid-in capital has been evenly distributed among the other  member states and, as a result, the Russian Federation's stake in the  EDB has decreased from 65.9761% to 44.7878%.  

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$350mln to invested in Zvartnots International Airport
 Monday, January 16 2023 13:16

ArmInfo.A total of $350mln is planned to be invested in the Zvartnots International Airport, Deputy Minister of Territorial Administration and Infrastructures Armen  Simonyan said in parliament.

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The beneficiary of "The Power of One Dram" in January is the educational program "Talentum"
 Thursday, January 12 2023 18:26

ArmInfo.IDBank and Idram summed up the results of the December program "The Power of One Dram". Thus, the amount gathered in December - AMD 3.531.799 was transferred to the Health Fund for Children of Armenia, thereby providing support to children with health issues.

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Armenia`s gross international reserves move down from historical high
 Monday, January 9 2023 19:30

ArmInfo.Armenia's gross international reserves (GIR) decreased in November 2022 by 3.2% or $115.1 million (against a 5.5% decline in November 2021), amounting  to $3.518 billion, thereby continuing to move down from the  historical maximum recorded in September. In parallel with this, the  y-o-y growth of gross international reserves slowed down  significantly - from 33% to 16.2% (or by $491.7 million in November  2022 compared to November 2021).

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New Year in Idram. results of 2022
 Thursday, January 5 2023 12:42

ArmInfo.The first publication of Idram in 2023 of course should be exactly like this: having reached the set achievements of 2022, the certain heights and clear results, with new initiatives in the plans. Well, let's sum up the outgoing year in Idram.

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Ameriabank named Best Foreign Exchange Bank in Armenia by Global Finance
 Wednesday, December 28 2022 19:08

ArmInfo.Global Finance has named Ameriabank the Best Foreign Exchange Bank in Armenia for 2023 in its annual list of the World’s Best Foreign Exchange Banks.

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CBA to put into circulation new batch of 3rd generation thousandth  banknotes from January 23, 2023
 Wednesday, December 28 2022 17:38

ArmInfo.From January 23, 2023, the Central Bank of Armenia will put into circulation a new batch of the 3rd generation composite banknote with a face value of  1,000 drams. This decision was made on December 27 at the meeting of  the Board of the Central Bank of the Republic of Armenia. This is  noted in the message of the Central Bank.

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CBA improves net private transfers forecast for 2022
 Wednesday, December 28 2022 12:20

ArmInfo.The Central Bank of Armenia (CBA) has improved its forecast for net money transfers (including the profits of seasonal workers and private transfers) -  32% growth against the previously forecast 7% decline (against the  actual 54% growth last year). 

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CBA improves unemployment forecast for 2022 
 Wednesday, December 28 2022 12:20

ArmInfo.The Central Bank of Armenia (CBA) has improved its unemployment forecast for Armenia for 2022 by revising it downward to 13.6% against the previously forecast  14.1% (15.3% last year). However, in the medium-term, along with  somewhat decelerating economic growth, unemployment is expected to  reach the previously forecast 15%. 

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News
Double increase in turnover tax rate will stimulate transition to  common taxation system: Deputy MinisterDouble increase in turnover tax rate will stimulate transition to  common taxation system: Deputy Minister
Rocket Line - now for 60 months: Idram and IDBankRocket Line - now for 60 months: Idram and IDBank
Rising prices for services, going into shadows and closing businesses  - incomplete list of Rising prices for services, going into shadows and closing businesses  - incomplete list of "expectations" from revision of turnover tax  rate from SME Cooperation Association President
Liability for misrepresented information is proposed in ArmeniaLiability for misrepresented information is proposed in Armenia
Government proposes to make changes to car trade system within  Government proposes to make changes to car trade system within  "Trade-in" program
Armswissbank attracts us$ 10 million loan package from EBRD to support competitiveness and green transitionArmswissbank attracts us$ 10 million loan package from EBRD to support competitiveness and green transition
Armenian lawyers unwilling to pay taxes on universal basisArmenian lawyers unwilling to pay taxes on universal basis
EU Commissioner: EU will continue to contribute to economic  development of ArmeniaEU Commissioner: EU will continue to contribute to economic  development of Armenia
PM discusses opportunities for diversifying Armenian economy with WB,  IFC management PM discusses opportunities for diversifying Armenian economy with WB,  IFC management 
EBRD President considers programs implemented by Bank useful for  development of private sector in ArmeniaEBRD President considers programs implemented by Bank useful for  development of private sector in Armenia
EBRD lends up to US$ 10 million to Armeconombank for MSME on-lendingEBRD lends up to US$ 10 million to Armeconombank for MSME on-lending
Armenia benefits greatly from influx of capital and IT specialists -  EBRD chief economistArmenia benefits greatly from influx of capital and IT specialists -  EBRD chief economist
Finance Ministry, French Development Agency sign cooperation  agreement for 2024-2027Finance Ministry, French Development Agency sign cooperation  agreement for 2024-2027
Idram Junior and Koreez signed a memorandum of cooperationIdram Junior and Koreez signed a memorandum of cooperation
During the 33rd EBRD Business Forum, Ardshinbank hosted a panel discussion on economic and trade sanctions.During the 33rd EBRD Business Forum, Ardshinbank hosted a panel discussion on economic and trade sanctions.
Government to allocate additional AMD 3 billion to finance state  order for healthcareGovernment to allocate additional AMD 3 billion to finance state  order for healthcare
EBRD provides $10 million loan to ArmSwissBan to support  competitiveness and green transition of MSMEsEBRD provides $10 million loan to ArmSwissBan to support  competitiveness and green transition of MSMEs
Pankin: Armenia`s suspension of CSTO funding isn`t tragedyPankin: Armenia`s suspension of CSTO funding isn`t tragedy
Armenian government approves program for providing housing to  families from Artsakh; expenses estimated at  AMD 10-12 billion Armenian government approves program for providing housing to  families from Artsakh; expenses estimated at  AMD 10-12 billion 
EBRD Governors re-elect President Odile Renaud-Basso for second termEBRD Governors re-elect President Odile Renaud-Basso for second term
EBRD, USAID to develop transport infrastructure of Armenia,  Azerbaijan, Georgia EBRD, USAID to develop transport infrastructure of Armenia,  Azerbaijan, Georgia 
No specific dates for the entry into force of the law on compulsory  life insurance for tourists visiting Georgia - RA MFANo specific dates for the entry into force of the law on compulsory  life insurance for tourists visiting Georgia - RA MFA
Pashinyan: all those who have the necessary skills, abilities and  desire can make a profit in ArmeniaPashinyan: all those who have the necessary skills, abilities and  desire can make a profit in Armenia
Odile Renaud-Basso: Armenian economy continues to grow despite  numerous negative factorsOdile Renaud-Basso: Armenian economy continues to grow despite  numerous negative factors
Minister of Territorial Administration and Infrastructures refrains  from specifying North-South Road Corridor Investment Program`s  implementation costs and deadlines Minister of Territorial Administration and Infrastructures refrains  from specifying North-South Road Corridor Investment Program`s  implementation costs and deadlines 
EBRD improves Armenia`s GDP growth forecast for 2024 from previous  4.5% to updated 6.2%EBRD improves Armenia`s GDP growth forecast for 2024 from previous  4.5% to updated 6.2%
EBRD promises unprecedented investments in Armenian economyEBRD promises unprecedented investments in Armenian economy
FMO provided Ardshinbank with a guarantee for a credit portfolio of 20 million US dollarsFMO provided Ardshinbank with a guarantee for a credit portfolio of 20 million US dollars
Lending for construction of southern section of Sisian-Kajaran road  will be largest program ever implemented by EBRD in Armenia - Bank  President Lending for construction of southern section of Sisian-Kajaran road  will be largest program ever implemented by EBRD in Armenia - Bank  President 
French Development Agency, Armenian government to expand cooperation  areas and programs` scope French Development Agency, Armenian government to expand cooperation  areas and programs` scope 
The Power of One Dram Sums up the Two-Year Program with Teach for ArmeniaThe Power of One Dram Sums up the Two-Year Program with Teach for Armenia
Noubar Afeyan willing to use his potential to strengthen Armenia Noubar Afeyan willing to use his potential to strengthen Armenia 
Ministry of Economy of Armenia denies that growth in agricultural  exports is due to re-exportsMinistry of Economy of Armenia denies that growth in agricultural  exports is due to re-exports
Finance Minister: Armenia`s GDP generation growth potential increased  from 4-4.5% to 5.5-6%Finance Minister: Armenia`s GDP generation growth potential increased  from 4-4.5% to 5.5-6%
EBRD funds customs and logistics centre in SyunikEBRD funds customs and logistics centre in Syunik
Grigori Zakaryan: “Capital markets have a crucial for economic development.”Grigori Zakaryan: “Capital markets have a crucial for economic development.”
Ambassador of Kazakhstan: priorities for development of Eurasian integration proposed by Armenia will allow us to intensify mutually  beneficial cooperation within EAEUAmbassador of Kazakhstan: priorities for development of Eurasian integration proposed by Armenia will allow us to intensify mutually  beneficial cooperation within EAEU
EBRD and the European Union are joining forces with Acba bank to boost the availability of funding for Armenian MSMEsEBRD and the European Union are joining forces with Acba bank to boost the availability of funding for Armenian MSMEs
Thanos Arvanitis: The time has come for Armenia to accelerate reformsThanos Arvanitis: The time has come for Armenia to accelerate reforms
Armenia to host 33rd EBRD Business Forum with flagship sponsorship of ArdshinbankArmenia to host 33rd EBRD Business Forum with flagship sponsorship of Ardshinbank
EAEU economic operators will become more recognizable when carrying  out foreign economic activitiesEAEU economic operators will become more recognizable when carrying  out foreign economic activities
Martin Galstyan: If background is favorable, reduction in key rate  will result in lending rates decreaseMartin Galstyan: If background is favorable, reduction in key rate  will result in lending rates decrease
About 75% of Armenia`s exports are precious metals and stones, which  speaks of vulnerability of Armenia`s economyAbout 75% of Armenia`s exports are precious metals and stones, which  speaks of vulnerability of Armenia`s economy
92% tax revenues recorded in Armenia in 1st quarter of 2024 92% tax revenues recorded in Armenia in 1st quarter of 2024 
IDBank issues the 2nd tranche of dollar bonds of 2024IDBank issues the 2nd tranche of dollar bonds of 2024
Armenia to be next country to host ACE programArmenia to be next country to host ACE program
Armenia agrees to EBRD expansion Armenia agrees to EBRD expansion 
Alkis  Drakinos : It is necessary to first pick the low hanging fruit  to ensure developmentAlkis  Drakinos : It is necessary to first pick the low hanging fruit  to ensure development
CBA Governor: Overheating of prices in Armenian real estate market  may have ranged from 20-30%CBA Governor: Overheating of prices in Armenian real estate market  may have ranged from 20-30%
Government writes off 469 financial obligations of Artsakh citizens  on loans secured by goldGovernment writes off 469 financial obligations of Artsakh citizens  on loans secured by gold
Food products, services cause of 0.8% inflation in Jan-Apr 2024 Food products, services cause of 0.8% inflation in Jan-Apr 2024 
Armenia`s Deputy Premier receives IMF delegationArmenia`s Deputy Premier receives IMF delegation
Armenian Economy Minister travels to USA on week-long working visitArmenian Economy Minister travels to USA on week-long working visit
Armenia is trapped in Armenia is trapped in "Dutch disease" - economist
“By Your Side”: IDBank`s new support program for displaced Artsakh citizens“By Your Side”: IDBank`s new support program for displaced Artsakh citizens
Team Telecom Armenia develops Be Free packageTeam Telecom Armenia develops Be Free package
Armenia scares with its high prices: Economist sounds alarm due to  reduction in exports of servicesArmenia scares with its high prices: Economist sounds alarm due to  reduction in exports of services
Large crayfish farming complex to be built in Shirak: volume of  investments totals AMD 300 millionLarge crayfish farming complex to be built in Shirak: volume of  investments totals AMD 300 million
Eurowings launches Berlin-Yerevan-Berlin flightsEurowings launches Berlin-Yerevan-Berlin flights
Russia bans sugar exports; 28 thousand tons allowed to be exported to  ArmeniaRussia bans sugar exports; 28 thousand tons allowed to be exported to  Armenia
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