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.

The first snail breeding farm was established in Armenia
 Wednesday, September 28 2022 19:00

ArmInfo.Vahe, a director by profession, has founded a snail breeding farm in Byurakan for the snais imported from Europe. It is the first in Armenia; special conditions were created for the snails.

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USD 25 million to support the private sector
 Monday, September 26 2022 18:52

ArmInfo.As a result of the cooperation between Acba bank and European Bank for Reconstruction and Development (EBRD) USD 25 million will be directed at the development of Armenia’s economy  through financing micro, small and medium enterprises, as well as companies led by women. Financing will be provided via Armenian drams or U.S. dollars.

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Dmitry Volvach: Trading volumes of the ruble-dram currency pair  increased more than 1000-fold on the Moscow Exchange
 Friday, September 23 2022 23:29

ArmInfo.The Moscow International Currency Exchange (MOEX) started direct trading of the  Russian ruble-Armenian dram (RUB/AMD) currency pair in July alone,  and if at the very beginning of trading these were insignificant  amounts, then in just a few weeks the volumes increased more than  1000-fold. Deputy Minister of Economic Development of the Russian  Federation Dmitry Volvach stated this in an interview with the Public  Television of Armenia.

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Gradual softening of the global inflationary environment will weaken  the inflationary impact from the external sector on the Armenian  economy
 Tuesday, September 13 2022 19:47

ArmInfo. The Council of the Central Bank of Armenia once again this year increased the refinancing rate - from 9.5% to 10%, gave a brief justification for  its decision, which was presented at a press conference on September  13 by the Chairman of the Central Bank of the Republic of Armenia  Martin Galstyan.

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CBA significantly improves its forecast for GDP growth for 2022 to  12.9%, but expects inflation at 10.3%
 Tuesday, September 13 2022 18:32

ArmInfo. The Central Bank of Armenia significantly improved its forecast for the growth of Armenia's GDP for 2022 - from the previous 4.9% to the updated 12.9%.   Chairman of the Central Bank of the Republic of Armenia Martin  Galstyan stated on September 13 at a press conference convened to  raise the refinancing rate from 9.5% to 10%, said the.

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Central Bank of Armenia raised refinancing rate from 9.5% to 10%
 Tuesday, September 13 2022 12:25

ArmInfo. At September 13, 2022 meeting, the CBA Board decided to raise the policy rate by 0.5 percentage points setting it at 10%, the press service of the Central  Bank of Armenia told ArmInfo.  According to the source, "In August  2022, 12-month inflation decreased to 9.1% at the end of the month.  12-month core inflation continued to grow reaching 10.2%. 

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WB stands ready to continue to assist Armenian government in  implementation of priority programs
 Monday, September 12 2022 11:46

ArmInfo. Armenian Prime Minister Nikol Pashinyan received World Bank Vice President for Europe and Central Asia Anna Bjerde and the delegation headed by her.

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AMD 4.676.836 to the “Rehabilitation City of Heroes” psychological center: the next beneficiary of “The Power of One Dram” is the 4090 Foundation
 Thursday, September 8 2022 15:43

ArmInfo.As part of the joint initiative of IDBank and Idram “The Power of One Dram”, the entire amount collected in August - AMD 4.676.836, was transferred to the “Rehabilitation City of Heroes” psychological center.

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ACBA Bank fourth bank to join government-sponsored 10% cashback  programme for pensioners and reliefers
 Thursday, September 8 2022 13:37

ArmInfo. ACBA Bank is the fourth bank to officially join the government-sponsored 10% cashback programme for pensioners and reliefers, Armenia's Minister of Labor  and Social Affairs Narek Mkrtchyan said a Cabinet meeting on  Thursday. 

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Araratbank to put up for sale another tranche of dollar bonds worth  $3 million on September 8
 Wednesday, September 7 2022 16:39

ArmInfo.On September 8, Araratbank will put up for sale the next tranche of dollar bonds for $3 million, and the primary placement of this issue is planned to be  completed no later than December 8. This is noted in the issue  prospectus posted on  the website of the Central Bank of Armenia.

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Ameriabank starts initial placement of another tranche of USD bonds  in amount of $10 million
 Wednesday, September 7 2022 16:38

ArmInfo.On September 7, Ameriabank started the initial placement of the next tranche of dollar  nominal,  coupon-non-documentary bonds with an  issue volume of $10 million.

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IDBank issues the first premium class business cards in Armenia
 Wednesday, September 7 2022 12:03

ArmInfo.IDBank is the first in Armenia to issue Visa Platinum Business premium class cards intended for legal entities and individual entrepreneurs. Visa Platinum Business is the best combination of financial security, flexible transactions and attractive privileges․ Now we will tell you why.

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Converse Bank has come up with a unique offer to encourage online shopping
 Tuesday, September 6 2022 18:39

ArmInfo.In order to encourage online and safe shopping, Converse Bank has announced a campaign for Visa Virtual cardholders with its digital, security 3D secure system.

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IDBank is the first in Armenia to present Visa Platinum Business card
 Monday, September 5 2022 19:05

ArmInfo.On September 2, IDBank hosted the presentation of the Visa Platinum Business card. This type of card is presented in Armenia for the first time: it replaces payment cards for business, providing customers with many benefits.

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AraratBank issues and underwrites USD 3,000,000 bonds
 Monday, September 5 2022 17:00

ArmInfo.On September 08, 2022, ARARATBANK OJSC will issue the second USD-denominated tranche in 2022 on the following terms:

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Fitch Affirms Armenia`s Sovereign Rating at B+, Upgrades GDP Growth  Outlook to 6.4%
 Monday, September 5 2022 16:55

ArmInfo. Fitch Ratings has affirmed Armenia's Long-Term Foreign- Currency Issuer Default Rating (IDR) at 'B+' with a Stable Outlook.  A full list of rating actions  is at the end of this rating action commentary. This was reported on  the Fitch Ratings website.

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WB to issue a $26.5mln loan to Armenia
 Monday, September 5 2022 11:41

ArmInfo.The World Bank (WB) will issue a $26.5mln loan to Armenia. The loan agreements were signed on March 15 and 18. 

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Ardshinbank named Retail Bank of the Year by the international magazine Asian Banking & Finance
 Monday, September 5 2022 11:27

ArmInfo.According to the Asian Banking & Finance Wholesale and Retail Banking Awards 2022 annually held by Asian Banking & Finance, an international business publication, Ardshinbank was recognized as the Best Retail Bank of the Year in Armenia for the third consecutive time.

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Converse Bank offers SME financing without financial analysis
 Wednesday, August 31 2022 16:54

ArmInfo.Converse Bank has revised the terms of Converse Blitz loan and has set AMD 50 M or equivalent USD and EUR as the upper SME financing threshold.  The maximum loan maturity is 60 months.

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Ardshinbank supports development of Armenian jazz music
 Wednesday, August 31 2022 12:27

ArmInfo.Ardshinbank and the State Jazz Orchestra of Armenia have signed a cooperation agreement whereby the bank will provide financial support to the orchestra.

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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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Exchange rates
17.05.2024
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