Tuesday, November 12 2024 11:35

25% Off on RIA Money Transfers to Ukraine at AraratBank

25% Off on RIA Money Transfers to Ukraine at AraratBank

ArmInfo. Special offer: Get a 25% discount on transfer fees when sending money to Ukraine by using the promo code RIA25AM. This promotional offer is valid until December 31, 2024.

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Since establishing its partnership in 2012, AraratBank has maintained a robust 12-year collaboration with RIA Money Transfer. Through this strategic partnership, customers enjoy swift and secure money transfer services via an extensive network of over 505,000 locations spanning 182 countries.

AraratBank’s commitment to excellence has been consistently recognized by RIA Money Transfer through numerous awards, acknowledging its outstanding performance in transaction volumes, exceptional customer service standards, and rigorous compliance with international anti-money laundering and counter-terrorism financing protocols.

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News
ARARATBANK AND SINGAPORE GFTN SIGN MEMORANDUM OF UNDERSTANDING FOR DIGITAL TRANSFORMATIONARARATBANK AND SINGAPORE GFTN SIGN MEMORANDUM OF UNDERSTANDING FOR DIGITAL TRANSFORMATION
Saving together: IDBank and IdramSaving together: IDBank and Idram
EBRD presented draft of 2025-2030 strategy for ArmeniaEBRD presented draft of 2025-2030 strategy for Armenia
Discussions in Yerevan about the possibility of opening EIB office in  ArmeniaDiscussions in Yerevan about the possibility of opening EIB office in  Armenia
Asian Development Bank exploring possibility of setting up special  economic zone in GyumriAsian Development Bank exploring possibility of setting up special  economic zone in Gyumri
High technology development program in Armenia to run until 2032High technology development program in Armenia to run until 2032
Armenia`s premier orders drafting new tax code to meet national  interests Armenia`s premier orders drafting new tax code to meet national  interests 
Armenia showcased its light industry at 18th international exhibition  BEE-TOGETHER in MoscowArmenia showcased its light industry at 18th international exhibition  BEE-TOGETHER in Moscow
Armenia`s Ministry of Economy to reimburse customs duties to local  businesses Armenia`s Ministry of Economy to reimburse customs duties to local  businesses 
First TUMO center in South America to open in Argentine capital of  Buenos Aires
Armenia plans to open trading house in IranArmenia plans to open trading house in Iran
1.92mln tourists visited Armenia in Jan-Oct 20241.92mln tourists visited Armenia in Jan-Oct 2024
Minister: All organizational issues related to new company resolved,  with the exception of personnel mattersMinister: All organizational issues related to new company resolved,  with the exception of personnel matters
Acba bank and American Express Expand Collaboration in ArmeniaAcba bank and American Express Expand Collaboration in Armenia
Gevorg Papoyan: Economy of Armenia continues to experience high  growth and successfully withstand international challengesGevorg Papoyan: Economy of Armenia continues to experience high  growth and successfully withstand international challenges
Expert: Yerevan`s decision to transfer its Expert: Yerevan`s decision to transfer its "peaceful atom" to Western  rails poses risks to Armenia`s energy security
IMF: Inflation in Armenia expected to rise to 3.9% in 2025, nearing  the target rateIMF: Inflation in Armenia expected to rise to 3.9% in 2025, nearing  the target rate
Armenia to host International Microelectronics ForumArmenia to host International Microelectronics Forum
Russian gas supplies to Armenia suspended Russian gas supplies to Armenia suspended 
We are progressing toward international safety rules for Armenian NPP - RosatomWe are progressing toward international safety rules for Armenian NPP - Rosatom
Evocabank became the first bank to join Idram’s open QR infrastructure.Evocabank became the first bank to join Idram’s open QR infrastructure.
Multicomponent semiconductor and silicon-photonic microcircuit  production to be established in ArmeniaMulticomponent semiconductor and silicon-photonic microcircuit  production to be established in Armenia
Diplomat: China is ready to cooperate closely with Armenia in nuclear  energyDiplomat: China is ready to cooperate closely with Armenia in nuclear  energy
No obstacles to residents planning import of electric cars - MPNo obstacles to residents planning import of electric cars - MP
Armenia`s minister of finance forecasts 5.5% share of budget deficit  in GDP next year Armenia`s minister of finance forecasts 5.5% share of budget deficit  in GDP next year 
Housing programme in Armenia`s border regions to be continued next  year Housing programme in Armenia`s border regions to be continued next  year 
No pension rise next year -minister No pension rise next year -minister 
Employment situation should be assessed based on annual indicators -  ministerEmployment situation should be assessed based on annual indicators -  minister
Armenia`s minister of finance forecasts 5.8% and 5.6% GDP growth for  2024, 2025 respectivelyArmenia`s minister of finance forecasts 5.8% and 5.6% GDP growth for  2024, 2025 respectively
Ardshinbank Participates in Banking Forum 2024Ardshinbank Participates in Banking Forum 2024
Acba Bank starts public placement of coupon non-documentary AMD bonds  to amount of AMD5bln Acba Bank starts public placement of coupon non-documentary AMD bonds  to amount of AMD5bln 
25% Off on RIA Money Transfers to Ukraine at AraratBank25% Off on RIA Money Transfers to Ukraine at AraratBank
SRC warns: From 2025, duty-free import to be applicable to electric  cars no more than 2 years oldSRC warns: From 2025, duty-free import to be applicable to electric  cars no more than 2 years old
National payment system Armenian Card launches the ArCa Pay systemNational payment system Armenian Card launches the ArCa Pay system
Armenia sent proposals to Russia for a second time regarding an  interstate agreement in mass telecommunicationsArmenia sent proposals to Russia for a second time regarding an  interstate agreement in mass telecommunications
New assistance programme for IT companies plannedNew assistance programme for IT companies planned
Tax revenues 10% up in Armenia in Jan-Oct 2024 as compared with same  period last year Tax revenues 10% up in Armenia in Jan-Oct 2024 as compared with same  period last year 
Steps to improve salary fund management quality planned in Armenia Steps to improve salary fund management quality planned in Armenia 
Armenia`s public underestimates mining industry - ZCMC repArmenia`s public underestimates mining industry - ZCMC rep
Demand for copper 30mln tons, to increase twice -ZCMC rep Demand for copper 30mln tons, to increase twice -ZCMC rep 
Armenia imports mostly from Russia  and exports mainly to UAEArmenia imports mostly from Russia  and exports mainly to UAE
Ministry of Economy discussed potential of attracting highly  qualified labor from IndiaMinistry of Economy discussed potential of attracting highly  qualified labor from India
The program The program "Intellectual Property as Driving Force for Sustainable  Development of Armenian Winemaking" launched in Yerevan
Armenia`s per capita debt increased to $4.1 thousand, indicating a  growing burdenArmenia`s per capita debt increased to $4.1 thousand, indicating a  growing burden
Armenia`s ruling party discusses economic reforms Armenia`s ruling party discusses economic reforms 
UBA head does not find Armenian bank interest rates highUBA head does not find Armenian bank interest rates high
The birth rate is decreasing and the death rate is increasing in ArmeniaThe birth rate is decreasing and the death rate is increasing in Armenia
By October 1, the population of Armenia increased by 3.8%, exceeding 3 million peopleBy October 1, the population of Armenia increased by 3.8%, exceeding 3 million people
First BANKING FORUM-2024  held in YerevanFirst BANKING FORUM-2024  held in Yerevan
Armenia has traditionally maintained a negative migration balanceArmenia has traditionally maintained a negative migration balance
4,401,021 AMD to COAF. The November beneficiary is “Armenia Tree Project”4,401,021 AMD to COAF. The November beneficiary is “Armenia Tree Project”
Armenia to impose ban on export of ferrous and non-ferrous metal  scrap and wasteArmenia to impose ban on export of ferrous and non-ferrous metal  scrap and waste
CE Congress of Local and Regional Authorities to conduct monitoring  in Armenia CE Congress of Local and Regional Authorities to conduct monitoring  in Armenia 
EIB to provide EUR 236mln for construction of Sisian-Kajaran section  of North-South motorwayEIB to provide EUR 236mln for construction of Sisian-Kajaran section  of North-South motorway
EIB to support energy efficiency programme in Yerevan EIB to support energy efficiency programme in Yerevan 
Fair taxation results in benefit restrictions Fair taxation results in benefit restrictions 
EFSD sponsors tunnel construction on North-South motorway EFSD sponsors tunnel construction on North-South motorway 
By the end of 2025, Armenia`s public debt to increase by nearly 900  billion drams- Minister of FinanceBy the end of 2025, Armenia`s public debt to increase by nearly 900  billion drams- Minister of Finance
Armenia plans to secure $1.3 billion for the southern section of the  North-South construction`s program.Armenia plans to secure $1.3 billion for the southern section of the  North-South construction`s program.
GDP growth in Armenia in 2025 expected to be in line with potential:  Central Bank HeadGDP growth in Armenia in 2025 expected to be in line with potential:  Central Bank Head
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Exchange rates
14.11.2024
RUB3.90-0.04
USD387.64-0.01
EUR407.41-4.08
GBP489.94-3.96
CAD276.61-1.12
JPY24.85-0.16
CNY53.51-0.24
CHF435.45-3.37


Experts
The state should establish strict rules for its relations with  investors, rather than engaging in promiscuous partnerships with them  - Artur AshugyanThe state should establish strict rules for its relations with  investors, rather than engaging in promiscuous partnerships with them  - Artur Ashugyan
Fixing over-ambitious and unrealistic goals most dangerous - expert Fixing over-ambitious and unrealistic goals most dangerous - expert 
Idram: Infrastructure for Financial Institutions․ Idram for EveryoneIdram: Infrastructure for Financial Institutions․ Idram for Everyone
Read more

Commented
The sale of HSBC Bank Armenia to Ardshinbank to be completed on  November 29, 2024The sale of HSBC Bank Armenia to Ardshinbank to be completed on  November 29, 2024
Armenian government approves 2024-2040 demographic strategy Armenian government approves 2024-2040 demographic strategy 
Armenia`s economy and state competing for sooner collapse -  ex-official Armenia`s economy and state competing for sooner collapse -  ex-official 

Company bonds
UCO CJSC "GLOBAL CREDIT"1
UCO CJSC "GLOBAL CREDIT"3
UCO CJSC "GLOBAL CREDIT"4
UCO CJSC "GLOBAL CREDIT"5
UCO CJSC "GLOBAL CREDIT"7
"National Mortgage Company"2A
"National Mortgage Company"2B
UCO CJSC “FINCA” 1
UCO CJSC “FINCA” 2