Tuesday, November 1 2022 14:12
ArmInfo. At the November 1,
2022 meeting, the Board of the Central Bank of Armenia (CBA) decided
to raise the refinancing rate by 0.5 percentage points, setting it to
10.5% , the press service of the Central Bank of Armenia told
ArmInfo, >>>
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Tuesday, November 1 2022 11:54
ArmInfo. Armenia is showing the initial signs of Dutch disease, says Vahram Mirakyan, Chairman of the Mantashyants entrepreneurs union. >>>
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Monday, October 31 2022 17:30
ArmInfo. 90% of the profit in the banking system of Armenia is formed from income from related services, 90% of consumers of which are non-residents, rather than
from the difference in expenses on loans and deposits. This was
stated by Chairman of the Central Bank of the Republic of Armenia
Martin Galstyan at parliamentary hearings during the presentation of
the draft state budget of Armenia for 2023. >>>
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Friday, October 28 2022 21:57
ArmInfo. Keeping the counter-cyclical capital buffer (CBC) at 0% for more than two years, the Central Bank of Armenia, nevertheless considered it expedient to increase it to 1% of risk-weighted assets. This rule will come into force on May 1, 2023. >>>
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Thursday, October 27 2022 19:12
ArmInfo.As part of the development of the digital transformation strategy, Ameriabank continues to create a reliable financial and technological environment. This time, the Bank supplemented its Ameria Business platform, which was launched in 2018, with a new service that allows you to register an online business - to open an IE (Individual Entrepreneur), without visiting a bank branch. >>>
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Thursday, October 27 2022 17:04
ArmInfo.Keeping the counter-cyclical capital buffer (CBC) at 0% for more than two years, the Central Bank of Armenia, nevertheless considered it expedient to
increase it to 1% of risk-weighted assets. This rule will come into
force on May 1, 2023. >>>
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Wednesday, October 26 2022 17:36
ArmInfo.Converse Bank redeemed 2 tranches of USD (AMCOVSB2BER5) and AMD (AMCOVSB2AER7) bonds in the amount of USD 5 million and AMD 1 billion, making coupon payments for a total of AMD 100 million. This is noted in the message of the Bank. >>>
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Wednesday, October 26 2022 16:11
ArmInfo.A group of 5 biologists from Yerevan State University have founded MiCoFe Startup and started recycling various types of organic waste. Using coffee waste, young biologists have created organic fertilizer stimulating crop growth. >>>
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Wednesday, October 26 2022 16:09
ArmInfo.On 26 October, S&P Global Ratings assigned its 'B+/B' long- and short-term issuer credit ratings to Ardshinbank CJSC with Stable Outlook. The rating is on the level of the Sovereign of Armenia. >>>
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Tuesday, October 25 2022 16:13
ArmInfo.On October 24, through a public offer, IDBank issues two coupon bonds in AMD and USD under the abbreviations AMANLBB2JER2 and AMANLBB2IER4. >>>
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Monday, October 24 2022 18:05
ArmInfo. This January-September, Armenia's consolidated budget revenues totaled AMD 1,412.1bln - AMD 77.2bln (5.8%) above the target (AMD 1,334.9bln). >>>
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Monday, October 24 2022 18:01
ArmInfo. In 2023, Armenia will allocate 144 billion drams (about 355 million US dollars) to Nagorno-Karabakh, the estimated exchange rate of the Armenian dram to the dollar is fixed at 404.74 drams per $. >>>
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Friday, October 21 2022 16:22
ArmInfo.Managing foreign exchange (FX) risk has become a major theme in the current market environment. This renewed focus on FX can be explained by the significant increase in FX volatility, and is of special attention to those specializing in goods and services cross-border trade. >>>
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Friday, October 21 2022 11:17
ArmInfo. The World Bank will grant Armenia a 22.6 million euro loan for Additional Financing of the Education Improvement Project (EIP) in Armenia. The Standing
Committee on Financial-Credit and Budgetary Affairs has approved the
draft agreement submitted to ratification by Armenia's Government. >>>
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Thursday, October 20 2022 15:09
ArmInfo.An additional 86 million dollars will be provided to the RA Ministry of Defense
(about $86 million at the current exchange rate). >>>
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Thursday, October 20 2022 12:48
ArmInfo.Armenia will receive 33 million euros from the EU for reforms of the Ministry of Internal Affairs and socio-economic recovery in the post-pandemic and post-war
periods. On October 20, the Government of Armenia approved a proposal
to sign two financial agreements between the Republic of Armenia and
the European Commission. >>>
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Thursday, October 20 2022 01:59
ArmInfo. Non-interest incomes from currency transactions remain the main factor of the unprecedented increase in the Armenian banks' profits, according to the data of the ARMINFO- compiled Express Ranking of Armenia Banks for September 30, 2022.
According to the data, the total net profits of the banks showed a
2.8-fold year-on-year increase, up to AMD 187.8 or $463mln at the
current exchange rate. >>>
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Tuesday, October 18 2022 15:04
ArmInfo. Switzerland’s Symbiotics Investments ranks Armenia in fourth place, along with Peru and Uzbekistan, in terms of the volume of investments it provides. The firm is the largest private investor in the country’s financial sector, providing resources for the development of small and medium-sized businesses. Symbiotics Investments Regional Manager Alexandr Fando provided this information during a conversation with an ArmInfo correspondent during the celebration of the first anniversary of the opening of the regional office in Yerevan. >>>
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Tuesday, October 18 2022 11:01
ArmInfo.This January-September 2022, Armenia's national debt increased by AMD $705.9 or by 7.7%, up to $9,963.6mln. AMD appreciation (15% USD depreciation against the
AMD this January-September - AMD 480/$1 to 405/$1) caused a 9%
decrease in Armenia's national debt or by AMD 398.1bln, down to AMD
4,031.5bln. >>>
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Friday, October 14 2022 13:49
ArmInfo.The on-budget social expenditures will be increased by about $166mln next year (the budgeted AMD/USD exchange rate is AMD 404.74/$1), according to the 2023 budget message. >>>
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