ArmInfo NewsFeed
Armenia`s insurance sector`s tax payments show 7% y/y fall in 1st  quarter of 2025 Armenia`s insurance sector`s tax payments show 7% y/y fall in 1st  quarter of 2025 
FlyOne Armenia and Shirak Avia airlines concerned over RA  government`s decision FlyOne Armenia and Shirak Avia airlines concerned over RA  government`s decision 
IMF`s Executive Board could approve access of about US$ 25.0mln  stand-by loan for Armenia this June IMF`s Executive Board could approve access of about US$ 25.0mln  stand-by loan for Armenia this June 
Ameriabank tops list of major tax payers among Armenia`s banks Ameriabank tops list of major tax payers among Armenia`s banks 
Only RUB transactions in Armenia`s interbank foreign exchange market  Apr 21 to 25Only RUB transactions in Armenia`s interbank foreign exchange market  Apr 21 to 25
Armenia`s seismic safety and disaster risk management priority for  ADBArmenia`s seismic safety and disaster risk management priority for  ADB
Armenia  among TOP-3 countries whose citizens prefer to vacation in  GeorgiaArmenia  among TOP-3 countries whose citizens prefer to vacation in  Georgia
New campaign in ECCO stores from IDBank and IdramNew campaign in ECCO stores from IDBank and Idram
Industrial price index  growing with industrial sector sagging Industrial price index  growing with industrial sector sagging 
Financial agreement  for construction of the Sisian-Kajaran road  debatedFinancial agreement  for construction of the Sisian-Kajaran road  debated
Armenia`s economic activity is losing momentum, with foreign trade  also saggingArmenia`s economic activity is losing momentum, with foreign trade  also sagging
Another early placement - Converse Bank dollar bonds sold in a matter  of daysAnother early placement - Converse Bank dollar bonds sold in a matter  of days
Armenia Minister of Finance held meetings in Washington as part of  the spring meetings of the IMF and the World Bank GroupArmenia Minister of Finance held meetings in Washington as part of  the spring meetings of the IMF and the World Bank Group
2024 another year of unkept promises - opposition MP2024 another year of unkept promises - opposition MP
Balchug Capital completes acquisition of Goldman Sachs` Russian unitBalchug Capital completes acquisition of Goldman Sachs` Russian unit
Tax policy much more complicated - businessman Tax policy much more complicated - businessman 
Fab Lab digital production laboratory opened in GyumriFab Lab digital production laboratory opened in Gyumri
What Types of Online Fraud Exist Today?What Types of Online Fraud Exist Today?
Armenia`s Cabinet of Ministers approves program to support  development of air transportationArmenia`s Cabinet of Ministers approves program to support  development of air transportation
What strategy will be used to implement a gender policy in Armenia, a  country with a predominantly female population and a notable gender disparity in employment?What strategy will be used to implement a gender policy in Armenia, a  country with a predominantly female population and a notable gender disparity in employment?
KfW allocates EUR 5.3mln for agricultural insurance in Armenia; EUR  500,000 to be directed to consultationsKfW allocates EUR 5.3mln for agricultural insurance in Armenia; EUR  500,000 to be directed to consultations
AMD 209mln allocated from Armenia`s state budget for repayment of bad  loans AMD 209mln allocated from Armenia`s state budget for repayment of bad  loans 
Armenia`s Cabinet approves procedure for affixing CIS customs seals  and stamps on transport documents Armenia`s Cabinet approves procedure for affixing CIS customs seals  and stamps on transport documents 
China preparing to open new chapter of  One Belt, One Road initiative  with involvement of Armenia - diplomat China preparing to open new chapter of  One Belt, One Road initiative  with involvement of Armenia - diplomat 
Armenia remains among EAEU leaders - Eldar Alisherov Armenia remains among EAEU leaders - Eldar Alisherov 
Construction of landfill in Hrazdan completedConstruction of landfill in Hrazdan completed
US Ambassador to Armenia meets with Westinghouse representativesUS Ambassador to Armenia meets with Westinghouse representatives
As a landlocked developing country, Armenia reiterates importance of  inclusive connectivity and open borders - Deputy FMAs a landlocked developing country, Armenia reiterates importance of  inclusive connectivity and open borders - Deputy FM
Armenia risks losing EAEU benefits if the West drags it into its  geopolitical games - Russian Deputy FMArmenia risks losing EAEU benefits if the West drags it into its  geopolitical games - Russian Deputy FM
Team establishing a 1-hectare forest in LoriTeam establishing a 1-hectare forest in Lori
Armenian NA approves amendments   to Tax Code postponing submission of  individual income statements Armenian NA approves amendments to Tax Code postponing submission of  individual income statements 
Counterfeit alcoholic beverage production exposed in Armenia Counterfeit alcoholic beverage production exposed in Armenia 
Armenian NA committee approves postponement of deadlines for   individual income statements  Armenian NA committee approves postponement of deadlines for   individual income statements  
AraratBank: Main Sponsoring Partner of STEM Expo 2025AraratBank: Main Sponsoring Partner of STEM Expo 2025
Armenia  establishing tourism cooperation with  Alsace, FranceArmenia  establishing tourism cooperation with  Alsace, France
Only 35,000 of 900,000 indviduals submitted income statements in 2024  - MPOnly 35,000 of 900,000 indviduals submitted income statements in 2024  - MP
Continued lending activity allows Armenian banks to increase profits  at double-digit ratesContinued lending activity allows Armenian banks to increase profits  at double-digit rates
Dominant faction of RA NA proposes postponing submission of  individual income returns Dominant faction of RA NA proposes postponing submission of  individual income returns 
The Merger between The Merger between "Ardshinbank" CJSC and "Ardshininvestbank" CJSC Has Been Completed
Pashinyan emphasizes the importance of developing a common economic  roadmap aimed at serving Armenia`s interestsPashinyan emphasizes the importance of developing a common economic  roadmap aimed at serving Armenia`s interests
Dollar transactions decreased and  ruble transactions increased in  Armenia`s interbank foreign exchange market, April 14-18, 2025Dollar transactions decreased and  ruble transactions increased in  Armenia`s interbank foreign exchange market, April 14-18, 2025
20% idcoin at Carpisa: IDBank and Idram’s new campaign20% idcoin at Carpisa: IDBank and Idram’s new campaign
In Q1 2025, Armenia`s public debt increased by approximately $740  million, reaching $13.6 billionIn Q1 2025, Armenia`s public debt increased by approximately $740  million, reaching $13.6 billion
Armenia`s opposition forces propose suspending property tax increase Armenia`s opposition forces propose suspending property tax increase 
ANIF embezzled budgetary funds - Transparency International ANIF embezzled budgetary funds - Transparency International 
WB launches $100 million project in Armenia to enhance local tourism   infrastructureWB launches $100 million project in Armenia to enhance local tourism   infrastructure
South Caucasus Railway improving platforms for passengers` comfortSouth Caucasus Railway improving platforms for passengers` comfort
IBRD to issue EUR 102mln to Armenia for improving medical services  quality IBRD to issue EUR 102mln to Armenia for improving medical services  quality 
State Control Service to supervise state budget execution State Control Service to supervise state budget execution 
Founder of Mantashyants business unioin critical of Armenia`s State  Revenue Committee Founder of Mantashyants business unioin critical of Armenia`s State  Revenue Committee 
Armenia to support IT companies in hiring foreign specialists, new  employees and  retraining personnelArmenia to support IT companies in hiring foreign specialists, new  employees and  retraining personnel
EAEU companies  given green light for cabotage transportation in  ArmeniaEAEU companies  given green light for cabotage transportation in  Armenia
Armenia`s Cabinet of Ministers gives go-ahead for extending deadline  for individuals to file declarationsArmenia`s Cabinet of Ministers gives go-ahead for extending deadline  for individuals to file declarations
5,237,825 AMD for the “City of Heroes Rehabilitation Center”: April’s beneficiary is the “4090” Foundation5,237,825 AMD for the “City of Heroes Rehabilitation Center”: April’s beneficiary is the “4090” Foundation
AraratBank to introduce a leasing solution with up to 35% cashback opportunity at Leasing EXPO 2025AraratBank to introduce a leasing solution with up to 35% cashback opportunity at Leasing EXPO 2025
Digital identity, digital authentication, and secure transactions: the imID office is officially openedDigital identity, digital authentication, and secure transactions: the imID office is officially opened
RA Tourism Committee: Tourist flow to Armenia continues to declineRA Tourism Committee: Tourist flow to Armenia continues to decline
AraratBank and FMO Expand Cooperation with a $25 Million Loan AgreementAraratBank and FMO Expand Cooperation with a $25 Million Loan Agreement
Ardshinbank Named Best Bank in Armenia in Four Categories by Global Banking & Finance ReviewArdshinbank Named Best Bank in Armenia in Four Categories by Global Banking & Finance Review
EDB provides of $78,000 grant for System of Electronic Vehicle  Passports in ArmeniaEDB provides of $78,000 grant for System of Electronic Vehicle  Passports in Armenia
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Talk of the day

Balchug Capital completes acquisition of Goldman Sachs` Russian unit

 Friday, April 25 2025
Balchug Capital completes acquisition of Goldman Sachs` Russian unit

ArmInfo.  Armenian investment company Balchug  Capital reports the closing of the deal to acquire Goldman Sachs Bank LLC, a Russian bank controlled by the Goldman Sachs group. It was previously announced that the parties had entered into a purchase and sale agreement and received official permission to complete the transaction. This was stated in the company's press release.

Economy

FlyOne Armenia and Shirak Avia airlines concerned over RA  government`s decision 

ArmInfo.  "We, the current domestic air carriers serving more than one destination, would like to express our deep concern over the decision of the Government of the Republic of Armenia regarding the approval of the Program for Assistance to the Development of Passenger Transportation by Air in  the Republic of Armenia," reads a joint statement by Armenian  airlines FlyOne Armenia (Yerevan) and Shirak Avia (Gyumri).

IMF`s Executive Board could approve access of about US$ 25.0mln  stand-by loan for Armenia this June 

ArmInfo. An International Monetary Fund (IMF) team led by Iva Petrova visited Yerevan from March 31 to April 10, 2025, to conduct discussions for the fifth review under the Stand-By Arrangement (SBA) with Armenia. At the conclusion of the discussions, Ms. Petrova issued the following statement:

Armenia  among TOP-3 countries whose citizens prefer to vacation in  Georgia
Financial agreement  for construction of the Sisian-Kajaran road  debated

Finance and banks

Ameriabank tops list of major tax payers among Armenia`s banks 

ArmInfo.  In the first quarter of 2023, the banking system of Armenia increased tax payments to the state treasury by 25% per annum - up to 27.7 billion drams ($70.8 million). Of this amount, 85.5% or 23.8 billion drams were paid in direct taxes, with an annual growth of 26%. This is evidenced by the data of the State Revenue Committee of the Republic of Armenia.

Only RUB transactions in Armenia`s interbank foreign exchange market  Apr 21 to 25

ArmInfo. The Armenian Interbank Currency Exchange worked only twice from 21 to 25 April 2025 and only for ruble transactions. No dollar transactions were carried out  during this period, and euro transactions have not been carried out for a month and a half. As a result, the weekly trend of ruble transactions reversed from a significant 2.1-fold growth towards a 55% decline.

Armenia`s seismic safety and disaster risk management priority for  ADB
New campaign in ECCO stores from IDBank and Idram

Insurance

Armenia`s insurance sector`s tax payments show 7% y/y fall in 1st  quarter of 2025 

ArmInfo. Of the 7 operating insurance companies, 3 were included in the list of the 1000 largest taxpayers of Armenia in the first quarter of 2025 (as a year ago): LIGA Insurance, INGO and Sil Insurance. This is evidenced by the data of the State Revenue Committee of the Republic of Armenia.

KfW allocates EUR 5.3mln for agricultural insurance in Armenia; EUR  500,000 to be directed to consultations

ArmInfo. On April 23, the Government of Armenia approved the signing of the second agreement on amendments to the financing agreement between the Republic of Armenia  and KfW in the amount of 5,339,139.38 euros for the , signed on December 18, 2017 and amended by the amendment agreement of February 6, 2018.

In Armenia`s insurance market, loss ratio for OSAGO decreased to 79%  by April
Armenia government to support agricultural insurance program
Energy

US Ambassador to Armenia meets with Westinghouse representatives

ArmInfo. US Ambassador to Armenia Kristina Kvien met with Westinghouse representatives to discuss Armenia's nuclear energy sector.

Construction of Ayg-1 solar power station to start in early 2026

ArmInfo. The construction of  the Ayg-1 photovoltaic power plant by the UAE based Masdar will start  in early 2026. This became known following the meeting between the  Minister of Economy of Armenia, Gevorg Papoyan, and the CEO of  Masdar, Mohammed Jameel Al Ramahi.

Armenian president, UAE minister of energy and infrastructure discuss  bilateral business ties 
Armenia`s minister of territorial administration, KfW rep discuss  Kaps reservoir construction

Technology

Fab Lab digital production laboratory opened in Gyumri

ArmInfo.Fab Lab digital production laboratory opened at the Gyumri branch of the State  Academy of Arts of Armenia. The initiative was launched as part of the AGBU Armenia "Katapult" Creative Acceleration Program, supported by the European Union in Armenia and in partnership with the "Fab Lab  Armenia"  Educational Foundation and the Strategic Development Agency (SDA) NGO.

Team establishing a 1-hectare forest in Lori

ArmInfo. As part of the Earth Day, Team Telecom Armenia has launched a sustainable development project, involving its customers in it as well. For every smartphone sold in the last week, the company will plant 10 trees, establishing a 1- hectare forest in the Bovadzor community of Lori region.

Armenia to support IT companies in hiring foreign specialists, new  employees and  retraining personnel
Digital CEPA implementation system to be launched in Armenia

Real estate

Order of cadastral evaluation of municipal lands discussed in Armenia 

ArmInfo. The procedure for cadastral valuation of municipally owned lands was the subject of discussions held at the first meeting of the interdepartmental  working group established by the decision of RA Prime Minister Nikol  Pashinyan.

Armenia`s parliamentary opposition calls for refraining from further property tax rise, government rejects proposal

ArmInfo. The parliamentary opposition proposes that the Armenian authorities refrain from another increase in real estate tax by approximately 30% from January 1, 2026 for real estate with a taxable base of less than 200 million drams.

In 2024, foreigners purchased only 2.7% of real estate
Real estate prices to remain unchanged in Armenia in 2025 

Statistics

Industrial price index  growing with industrial sector sagging 

ArmInfo. In Armenia, the industrial price index increased in January- March 2025 compared to  the same period in 2024, rising from 99.7% to 102.1%. This increase occurred alongside a decline in the annual growth rate of the industrial sector, dropping from 30.4%  to 18.5% , with a total volume of 599.8 billion drams ($ 1.5 billion). This is evidenced by the preliminary data from the RA Statistical Committee. 

Diamond, gold transactions significantly dropped, leading to a decrease in Armenia`s foreign trade turnover

ArmInfo. In Armenia's foreign  trade, transactions involving precious metals and stones have been  declining since 2025, totaling 20% ($558.2 million)  in  January-February compared to 61.6% ($3.6 billion) a year earlier.  This category of goods has been the main factor contributing to the  worsening annual dynamics of the country's foreign trade turnover,  which has dropped from 200% growth to a 52% decline. According to   data from the RA Statistical Committee, in January- February 2025,  the share of imports and exports of precious metals and stones in the  total trade turnover decreased to 13.5% and 31.1%, respectively,  compared to 55% and 70% in the same period of the previous year. In  terms of volume, during the reporting period, these products were  imported for $234.9 million and exported for $323.3 million: their  import decreased by 86.7%  and export by 82.1% over the year, 

In 2024,unemployment rate in Armenia increased from 12.4% to 13.9%

ArmInfo. The unemployment rate in Armenia in 2024 increased from 12.4% to 13.9%. According to  data from the RA Statistical Committee, the indicator for the reporting year is preliminary.

Birth rate declined and mortality rate  increased in Armenia

ArmInfo. In Armenia, the natural population growth in January- February decreased by almost 2 times, amounting to 9 people. In particular, the natural population growth rate in the reporting period was close to 0 per mille, compared to 1.4 per mille in the same period of 2024.  This is evidenced by  data from the RA Statistical Committee.  In January-February 2025, 4,928 children were born in Armenia, while 4,919 people died. In the span of a year, there was  a 9.1% decrease in the birth rate, alongside a 3.1%  increase in the mortality rate. The birth rate and death rate per 1000 inhabitants were both 10 per mille during the reporting period, as opposed to 11.2 per mille and 9.8 per mille, respectively, from a year ago.

Armenia`s trade sector stalled in growth
Armenia`s metallurgical industry shifted from annual growth to double-digit decrease
Alcoholic beverage production in Armenia declined overall, except for whiskey and beer
Armenia`s industrial sector saw a 19.4% decline in January-February  2025
Exchange rates
25.04.2025
RUB4.730.02
USD390.330.77
EUR443.14-1.00
GBP519.571.42
CAD281.08-0.84
JPY27.23-0.20
CNY53.560.12
CHF470.73-2.09




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