Balchug Capital completes acquisition of Goldman Sachs` Russian unit Friday, April 25 2025
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 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. |
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).
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:
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.
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.
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.
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.
ArmInfo. US Ambassador to Armenia Kristina Kvien met with Westinghouse representatives to discuss Armenia's nuclear energy sector.
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.
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.
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.
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.
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.
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.
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,
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.
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.
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