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. 

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

ArmInfo.

ArmInfo.The economic growth rates of the RA continue to be at a fairly high level, however, the negative developments in the industrial sector and changes in the  financial system indicate that the risks of instability remain. This  is stated in the analysis of the socio-economic development of the RA  economy in January-November 2022, made by the Luys Foundation.

ArmInfo.IFC and Amundi-Acba Asset Management unveiled a new partnership today to catalyze private sector investment in infrastructure projects, and support job creation and economic growth in Armenia.

ArmInfo.Yerevan hosted the 4^th Silicon Mountains 2022 International Tech Summit, which brought together representatives of financial and technological companies and this time was dedicated to the use of smart solutions in various industries.

ArmInfo. The universal income declaration system will be launched in Armenia from 2023. The  initiative will be implemented in three stages and by 2025 it will  become mandatory for all citizens who are residents of the Republic  of Armenia. " Once again, we first adopt an incomplete law, and then  look at what will come of it," Soghomon Mirzoyan, President of   Association of Financiers of Armenia, said in an interview with an  ArmInfo correspondent, talking about the risks and timeliness of the  government's initiative.

ArmInfo. Fitch Ratings has revised ACBA Bank Open Joint-Stock Company's (ACBA) Outlook to Stable from Negative and affirmed its Long-Term Issuer Default Rating (IDR) at “B+”. The agency has also affirmed the bank's Viability Rating (VR) at “b+”. It is mentioned in the message of AСBA Bank.

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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.

ArmInfo.In the medium and long terms the vectors of economic relations will mostly remain  unchanged, Aram Safaryan, Coordinator of the Eurasian Expert Club,  stated at the panel discussion entitled 'Armenia and urgent  priorities of Eurasian economic integration." 

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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.

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

ArmInfo.The International Forum of Sovereign Wealth Funds (IFSWF), a global network of sovereign wealth funds from more than 40 countries, has admitted the Indonesia Investment Authority, as a full member, as well as the Armenian National  Interests Fund, Malta Government Investments and the Mauritius  Investment Corporation as associate members. 

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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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ArmInfo.Armenia's government has allocated an additional AMD 8.5bln (about $20.7mln) for the construction of the Armenian section of the highway that will serve  as an alternative to the Lachin corridor.