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.

Ameriabank expands branch network in Yerevan
 Tuesday, August 30 2022 22:15

ArmInfo. Ameriabank is expanding its branch  network in the capital. As the press service of the bank told  ArmInfo, branch "Zeytun" was opened in the administrative district of  Kanaker-Zeytun at the address of Nersisyan St. 1.

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Armenia`s banking system completed H1 2022 with  net profit of AMD  111 billion 
 Friday, August 26 2022 22:36

ArmInfo.The banking system of Armenia completed H1 2022 with a net profit of 111 billion drams, with a 2.7-fold y-o-y increase. Seyran Sargsyan, executive director  of the Union of Banks of Armenia, announced this during a press  conference on August 26.

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UBA: After 2020-2021, the Armenian banking system has not yet managed  to restore lending growth
 Friday, August 26 2022 22:35

ArmInfo.After 2020-2021, the Armenian banking system has not yet managed to restore lending growth. Executive Director of the Union of Banks of Armenia (UBA)  Seyran Sargsyan stated this during a press conference on August 26.

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Idplus. New partner of Idram with new benefits for everyone
 Friday, August 26 2022 14:08

ArmInfo.Idram is joining to the newly created idplus digital loyalty system. Now paying with Idram is not only fast and convenient, but also more profitable: bonuses have now been added to the cashback received from partners for payments. From now on, idplus is the new strategic partner of Idram.

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Money transfers with Visa Direct via AraratMobile App
 Wednesday, August 24 2022 16:02

ArmInfo.Visa Direct enables remitters to top up international Visa cards through “Visa international transfer” service of AraratMobile App.

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Armenia`s premier calls for larger-scale participation in 10%  cashback programme 
 Wednesday, August 24 2022 12:31

ArmInfo.Around 17,000 pensioners and people receiving benefits are participating in a  government-sponsored 10% cashback programme for purchases by means of  cashless settlements this July. A total of AMD 44mln will be  transferred to their bank cards within a couple of days, Armenia's  Minister of Labor and Social Affairs Narek Mkrtchyan said.

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Armenia`s defense spending for 7 months of 2022 amounted to less than  17% of all state treasury spending
 Tuesday, August 23 2022 13:42

ArmInfo.The expenditures of the state budget of Armenia for January-July 2022 amounted to 1 trillion 94.7 billion drams (about $2.2 billion). Compliance compared to the  updated plan for January-September amounted to 65.2%. At the same  time, 16.6% of the total expenditures or 181.5 billion drams alone  were allocated to cover the defense sector expenditures, which is 60%  of the adjusted figure for 9 months.

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Ameriabank Receives the Most Innovative Digital Bank Regional Award 2022 by Global Finance Magazine
 Saturday, August 20 2022 14:02

ArmInfo.Global Finance Magazine has announced the winners for the 2022 World’s Best Consumer Digital Bank Awards, naming Ameriabank the winner of the Most Innovative Digital Bank category in Central & Eastern Europe region.

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Armenia`s public debt is approaching $10 billion
 Thursday, August 18 2022 12:32

ArmInfo. In January-July 2022, Armenia's public debt increased by almost 7.7% or $706.2 million - up to $9 billion 974 million. At the same time, as a result of the  revaluation of the national currency against the US dollar, the  public debt in dram terms decreased by 8.2% or 363.1 billion drams -  up to 4 trillion 067 billion drams.

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Armenia`s government grants tax benefits to three companies 
 Thursday, August 18 2022 12:22

ArmInfo.Armenia's government has  granted three companies' requests for exemption from customs duties  on the import of manufacturing equipment, spare parts and raw  materials under investment programmes in priority fields. The  requests were submitted by the MULTI FOOD, DOLOMITI and DIGI PROPERTY  companies. 

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Negotiations on possibility of buying part of Russia`s share in  equity capital of EDB are underway with all founding countries of  Bank
 Tuesday, August 16 2022 15:33

ArmInfo. Negotiations on the possibility of buying a part of Russia's share in the equity capital of the Eurasian Development Bank are underway with all the founding  countries of the EDB. This was reported to an ArmInfo correspondent  by a source familiar with the situation, who wished to remain  anonymous.

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Number of plastic cards up as capital relocated to Armenia 
 Wednesday, August 10 2022 12:26

ArmInfo. As of July 1, 2022, over 2.8mln plastic cards were effective in Armenia, including  co-badging cards ArCa-MIR and Russian MIR cards, with a slower increase - from 8.3% to 7.7% - which is lower than the 9.1% increase in the corresponding period of 2020 and must lower than the 22.2%  increase in 2019. In the first half of 2022, 95,600 more cards were issued, with 67,400 cards issued in the 2nd quarter. The cause is the relocation of the capital to Armenia by a larg number of Russian residents. 

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AMD 4,248,945 to "QaylTech": The August beneficiary of "The Power of One Dram" is "The Rehabilitation City of Heroes" - psychological rehabilitation center
 Tuesday, August 9 2022 17:53

ArmInfo.The July beneficiary of the "The Power of One Dram" initiative was the “QaylTech” company, which created an exclusive Armenian innovative product - the MetaGait device. MetaGait helps disabled soldiers and children with cerebral palsy regain mobility by preventing more than 30 diseases caused by immobility.

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EDB to allocate $25 million to implement Armenia`s largest livestock  program
 Friday, August 5 2022 19:11

ArmInfo.The Eurasian Development Bank (EDB), in cooperation with the Armenian government and Yeremyan Farm CJSC, are launching the largest livestock program  in Armenia. EDB Chairman of the Management Board Nikolay Podguzov,  Armenian Minister of Economy Vahan Kerobyan and Director of Yeremyan  Pharm CJSC David Yeremyan signed the corresponding Memorandum of  Cooperation on August 5.

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Loan payoff with another bank via App
 Wednesday, August 3 2022 14:43

ArmInfo.A “Loan payoff with another bank” service is already available in AraratMobile application. AraratMobile users are free to pay off their loans with other banks.

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CBA: In February-June 2022, demand deposits of non-residents  increased significantly in Armenian banks
 Wednesday, August 3 2022 00:03

ArmInfo.From February to June 30, 2022, the deposits of non- resident individuals increased significantly in the banks of Armenia. Armen Nurbekyan, head of the  macroeconomic department of the Central Bank of the Republic of  Armenia, stated this on August 2 during a press conference,  specifying that the quantitative growth was 70.4%, which mainly came  from demand deposits.

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CBA: High demand leads to the expansion of the inflationary  environment and maintenance of high inflation expectations, but dram  appreciation partially neutralizes the price increase
 Tuesday, August 2 2022 20:11

ArmInfo.On August 2, the Board of the Central Bank of Armenia decided to raise the refinancing rate by 0.25 percentage points to 9.5%. At a press conference on  these issues, Deputy Chairman of the Central Bank of the Republic of  Armenia Nerses Yeritsyan noted that in Q2, disruptions in global  value chains continued, and economic activity in Armenia's key  partner countries is slowing.

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CBA raises refinancing rate from 9.25% to 9.5% 
 Tuesday, August 2 2022 12:32

ArmInfo. At its meeting today, the Board of the Central Bank of Armenia decided  to raise the refinancing rate by 0.25 percentage point to 9.5%, the press service  of the Central Bank of Armenia told ArmInfo.  According to the  source, the message of the Central Bank of the Republic of Armenia  also notes that, in accordance with this, the The Lombard repo  facility rate was increased by 0.25 percentage points - from 10.75%  to 11%, and the Deposit facility rate - from 7.75% to 8%. 

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Massive arrival of Russians to Armenia, along with movement of their  capital, ensured 7-multifold increase in net inflow of remittances  from Russia in Q2 2022
 Monday, August 1 2022 15:58

ArmInfo. The net inflow of transfers from individuals to Armenia recorded a 2.6-fold increase in H1 2022, reaching $978.9 million. Moreover, in the second quarter  alone, the net inflow increased more noticeably - 4.2-fold, forming a  quarterly volume of $791.7 million.

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Ardshinbank offers a new type of loan for small and medium enterprises.
 Monday, August 1 2022 12:12

ArmInfo.Ardshinbank has announced a new type of loan, SME-FLEXI, which will help small and medium enterprises (SME), exporters and importers to resolve issues of current liquidity, replenishment of working capital, repayment of accounts payable, customs clearance, fulfillment of tax obligations, as well as payment of salaries to employees.

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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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