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.

Global Finance Names Ameriabank the Safest Bank in Armenia
 Thursday, October 13 2022 21:39

ArmInfo.Global Finance has announced its annual rankings of the World’s Safest Banks 2022, with Ameriabank named the Safest Bank in Armenia for the second year in a row.

>>>
Converse Bank offers new mortgage loan at annual interest rate starting from 0%
 Thursday, October 13 2022 17:05

ArmInfo.Converse Bank has expanded the list of mortgage loans by starting the financing of energy efficient renovations within the scope of the government support program.

>>>
Armenian, Dutch ministries of finance sign memorandum of  understanding
 Thursday, October 13 2022 12:58

ArmInfo.The Armenian and Dutch Ministries of Finance have signed a memorandum of understanding on the sidelines of the 2022 Annual Meetings of the International  Monetary Fund (IMF) and the World Bank Group (WBG) in Washington D.C.

>>>
Acba Bank in Partnership with Visa launches first Tap to Phone innovative technology to Expand Digital Payments in Armenia
 Wednesday, October 12 2022 17:23

ArmInfo. With the introduction of new technologies, Acba Bank continues to develop non-cash payments in Armenia as part of its digital transformation. Acba is the first in Armenia to present the Acba SoftPOS mobile application, based on Visa Tap to Phone technology, which enables to turn an Android-based smartphone with an NFC-enabled module into a POS terminal without additional equipment.

>>>
CBA urges to refrain from financial services offered by unlicensed  financial organizations
 Wednesday, October 12 2022 13:22

ArmInfo.The Central Bank of Armenia urges to refrain from financial services offered by financial organizations not licensed by the regulator. This is noted in the message of the  Central Bank of the Republic of Armenia.  The message of the Central  Bank states: " Taking into account the recent activation of  fraudsters, the Central Bank of RA urges to refrain from transferring  funds or card data to third parties, not to use financial services  offered by financial organizations not licensed by the Central Bank."

>>>
EFSE and AraratBank team up to support Armenian MSMEs
 Tuesday, October 11 2022 15:49

ArmInfo. The European Fund for Southeast Europe (EFSE) has extended a USD 10 million five-year facility to AraratBank for financing of micro, small and medium businesses (MSMEs) affected by the economic, social, and security challenges triggered by the Russia-Ukraine war, prioritizing those operating in crisis-relevant sectors.

>>>
EBRD to provide $4 million loan to HSBC Bank Armenia under Regional  Green Economy Financing Facility (GEFF)
 Tuesday, October 11 2022 15:47

ArmInfo. The European Bank for Reconstruction and Development will provide a $4 million loan to HSBC Bank Armenia, the EBRD said in an official statement.  It is noted that $3 million will be provided directly by the EBRD and $1 million by the Green  Climate Fund (GCF) under the Regional Green Economy Financing  Facility (GEFF).

>>>
Armenia`s national debt exceeded $9.992bln in Sept 2022
 Monday, October 10 2022 13:00

ArmInfo.Armenia's national debt exceeded $9.992bln by this September - a 12% year-on-year increase, and an 8.3% increase this January-August. Specifically,  Armenia's foreign debt showed a 5.5%, year-on-year decrease, with the  domestic debt showing a 61.1% increase. This January-August,  Armenia's foreign debt showed a 5.4% increase, with the country's  domestic debt showing a 43.7% increase, reaching $6.4bln and $3.7bln  respectively. 

>>>
The technology created by Armenian Revalcon is attracting markets abroad
 Monday, October 10 2022 12:31

ArmInfo.The technology developed by the Revalcon startup simplifies the entire irrigation process: the process is controlled by mobile and web applications.

>>>
AMD 4.676.836 to “4090” Foundation. Beneficiary of "The Power of One Dram" for October - Rehabilitation Center of the defenders of the Motherland
 Thursday, October 6 2022 15:43

ArmInfo. During September, 4.676.836 payments were made through the Idram&IDBank application, IDBank and Idram terminals and the IDBanking.am online platform, therefore, within the framework of “The Power of One Dram” initiative 4.676.836 AMD will be sent to the beneficiary of September the “4090” Foundation.

>>>
Central Bank of Armenia: Net inflow of private transfers from Russia  increased 5.5-fold in 8 months of 2022
 Tuesday, October 4 2022 17:18

ArmInfo.an. The net inflow of transfers from individuals in January- August 2022 sharply  accelerated y-o-y growth from 58.2% to 2.4-fold, reaching $1.4  billion, almost 5-fold higher than the pre-Covid volume of the  comparable period in 2019.

>>>
EDB: The service sector continues to be the main driver of Armenia`s  economic growth 
 Tuesday, October 4 2022 14:19

ArmInfo. The Armenian economy demonstrates high  growth rates, the main driver of which is the service sector. This is  stated in the September Macroeconomic Review of the Eurasian  Development Bank (EDB).

>>>
Net inflow of remittances to Armenia continues to grow at very high  pace due to remittances from Russia
 Saturday, October 1 2022 14:47

ArmInfo.The net inflow of transfers from individuals in January- July 2022 compared to the same period in 2021 increased 2.3-fold (from 78.5% growth a year earlier),  exceeding $1.1 billion, which is largely supported by a multiple  growth in remittances from Russia, with a weakening upward pace of  transfers from the United States. This is evidenced by the data of  the Central Bank of the Republic of Armenia.

>>>
Armenia Securities Exchange, Central Depository of Armenia completed  ISO 27001 and ISO 9001 recertification
 Friday, September 30 2022 13:49

ArmInfo.AMX|Armenia Securities Exchange and  Central Depository of Armenia successfully completed the ISO  27001:2015 and ISO 9001:2013 recertification for information security   and quality management systems.

>>>
CBA significantly improves its forecast for projected export and  import growth in 2022 to 28-24%, from 5.1-8.3% previously
 Friday, September 30 2022 11:52

ArmInfo.The Central Bank of Armenia further improved its forecast for 2022, expecting real growth in exports by 28% and imports by 24%, against the previously  projected 5.1% and 8.3%, respectively. This is noted in the Monetary  Policy Program (MPP) of the Central Bank for the third quarter of  2022, published on September 28, which indicates a more improved  forecast for GDP growth for 2022 from the previous 4.9% to an updated  12.9% (against the actual 5.7 % growth in 2021).

>>>
IFC’s New Loan to Evocabank to Help Smaller Businesses Grow and Create Jobs in Armenia
 Thursday, September 29 2022 20:14

ArmInfo.To help smaller businesses in Armenia thrive, IFC is providing a new $15 million loan to Evocabank, that will help support growth and job creation amid the lingering impacts of COVID-19.

>>>
In 2023, government debt will be reduced to 50% of GDP, from expected  53% by the end of 2022: Draft state budget of Armenia
 Thursday, September 29 2022 13:22

ArmInfo. In 2023, government debt will be reduced to 50% of GDP, from expected 60.3% in 2021 and 53% by the end of 2022. This was stated by Minister of Finance Tigran  Khachatryan, presenting the draft state budget for 2023 at a  government meeting on September 29.

>>>
11%-12% GDP growth expected in Armenia in 2022
 Thursday, September 29 2022 12:23

ArmInfo.Armenia will close this year with an economic growth of 11%-12% against the budgeted 7%, Armenia's Minister of Finance Tigran Khachatryan stated on Thursday  as he presented the 2023 draft budget. 

>>>
Yerevan Municipality, Asian Development Bank discuss new areas of  cooperation
 Thursday, September 29 2022 11:36

ArmInfo. The Yerevan Municipality and the Asian Development Bank (ADB) are discussing new areas of cooperation.

>>>
CB new forecast for 2022-2023: Armenian GDP growth will slow down  from 12.9% to 4.4%, and inflation will decrease from 10.3% to the  target 4%
 Wednesday, September 28 2022 19:20

ArmInfo. The Central Bank of Armenia forecasts a slowdown in GDP growth in 2022-2023 from 12.9% to 4.4%, and a decrease in inflation from 10.3% to the target 4%.  This  is noted in the Monetary Policy Program (MPP) of the Central Bank for  the third quarter of 2022, published at the end of September.

>>>

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
Read more


Exchange rates
17.05.2024
RUB4.26-0.01
USD387.60-0.49
EUR420.12-1.81
GBP490.31-1.36
CAD284.16-0.61
JPY24.87-0.22
CNY53.63-0.14
CHF426.22-3.84