ArmInfo NewsFeed
SRC exposes AMD 1.1bln in unpaid taxesSRC exposes AMD 1.1bln in unpaid taxes
Global conference on medical tourism to be held in YerevanGlobal conference on medical tourism to be held in Yerevan
Armenia, U.S. intend to strengthen institutional ties in trade and  economic affairsArmenia, U.S. intend to strengthen institutional ties in trade and  economic affairs
Starting January 1, 2027, sale of plastic bags and disposable plastic  products to be banned in ArmeniaStarting January 1, 2027, sale of plastic bags and disposable plastic  products to be banned in Armenia
Armenia`s Economy Minister to attend EAEU Agro-Industrial Policy  Council session  Armenia`s Economy Minister to attend EAEU Agro-Industrial Policy  Council session  
Results of the Junius Tournament Announced: The Next Round Ahead         Results of the Junius Tournament Announced: The Next Round Ahead        
US Embassy in Armenia: Firebird AI factory  is a tangible example of  the growing U.S.-Armenia partnershipUS Embassy in Armenia: Firebird AI factory  is a tangible example of  the growing U.S.-Armenia partnership
In January-July, 1.240 million tourists visited Armenia, a 7%  year-on-year increaseIn January-July, 1.240 million tourists visited Armenia, a 7%  year-on-year increase
ANC In digital age, sovereignty is ensured not only by military, but  also by diversifying artificial intelligence productionANC In digital age, sovereignty is ensured not only by military, but  also by diversifying artificial intelligence production
RA Ministry of High-Tech Industry discuss possibility of implementing  joint initiatives with KazakhstanRA Ministry of High-Tech Industry discuss possibility of implementing  joint initiatives with Kazakhstan
Armenia and Kazakhstan discuss prospects for cooperation in  technologyArmenia and Kazakhstan discuss prospects for cooperation in  technology
"Urgently Confirm Your Card Details": IDBank Warns of Hotel Booking Scams
Eurasian Economic Commission grants Armenia additional 5,000  duty-free EV import quotasEurasian Economic Commission grants Armenia additional 5,000  duty-free EV import quotas
Armenia`s FX market, August 3-7: RUB transactions  surpass  USD and  EUR volumesArmenia`s FX market, August 3-7: RUB transactions  surpass  USD and  EUR volumes
Tatev Aslanyan appointed Deputy Minister of  RA High-Tech Industry Tatev Aslanyan appointed Deputy Minister of  RA High-Tech Industry 
Armenian hotels to be classified under Hotelstars Union standardsArmenian hotels to be classified under Hotelstars Union standards
Improvement in tax compliance indicators recorded in ArmeniaImprovement in tax compliance indicators recorded in Armenia
 RA Ministry of Economy discusses improving mechanisms for  implementing TRIP program RA Ministry of Economy discusses improving mechanisms for  implementing TRIP program
Mineral raw materials lead Armenia`s exports, while machinery and  equipment lead its importsMineral raw materials lead Armenia`s exports, while machinery and  equipment lead its imports
 Amendments to Law on Structure and Activities of Government adopted  by Armenian Cabinet raise a number of problematic issues - expert  Amendments to Law on Structure and Activities of Government adopted  by Armenian Cabinet raise a number of problematic issues - expert 
EU`s share of Armenia`s foreign trade is growing, while the EAEU`s  share is shrinkingEU`s share of Armenia`s foreign trade is growing, while the EAEU`s  share is shrinking
RA State Revenue Committee uncovers tax violations at another  property owned by Gagik TsarukyanRA State Revenue Committee uncovers tax violations at another  property owned by Gagik Tsarukyan
International brand Subway considering entering Armenian marketInternational brand Subway considering entering Armenian market
Areni wine cluster investment project progress discussed  Areni wine cluster investment project progress discussed  
Moody’s changes the outlook on IDBank’s ratings to positiveMoody’s changes the outlook on IDBank’s ratings to positive
Consumer market prices in Armenia drop slightly in July 2026, while  annual inflation remains above targetConsumer market prices in Armenia drop slightly in July 2026, while  annual inflation remains above target
Samvel Karapetyan calls  trade reduction with Russia  a Samvel Karapetyan calls  trade reduction with Russia  a "success" of  Armenian authorities
Agricultural insurance is gaining momentum in ArmeniaAgricultural insurance is gaining momentum in Armenia
Another transit shipment from Russia to Armenia via Azerbaijan was  madeAnother transit shipment from Russia to Armenia via Azerbaijan was  made
 Armenian insurance companies` profit growth is slowing due to  premiums approaching stagnation Armenian insurance companies` profit growth is slowing due to  premiums approaching stagnation
Armenia to launch hotel classification and star assignmentArmenia to launch hotel classification and star assignment
Trade turnover between Russia and Armenia down by two-thirds this  year - RA vice-premier Trade turnover between Russia and Armenia down by two-thirds this  year - RA vice-premier 
Electric Networks of Armenia CJSC to be transferred to trust  management - RA premier Electric Networks of Armenia CJSC to be transferred to trust  management - RA premier 
Malta-based Random Systems International LLC to regulate gambling  activities in ArmeniaMalta-based Random Systems International LLC to regulate gambling  activities in Armenia
AMD 19.6bln to be allocated to continue road construction program in  ArmeniaAMD 19.6bln to be allocated to continue road construction program in  Armenia
IDBank Introduces the New Mastercard World Card with Exclusive Travel Benefits and a Special Launch CampaignIDBank Introduces the New Mastercard World Card with Exclusive Travel Benefits and a Special Launch Campaign
Converse Bank and Visa expand their strategic partnership to introduce new customer solutions Converse Bank and Visa expand their strategic partnership to introduce new customer solutions 
Economic activity growth in Armenia accelerated to 7.9% in H1 2026,  while foreign trade remains in declineEconomic activity growth in Armenia accelerated to 7.9% in H1 2026,  while foreign trade remains in decline
PSRC extends thermal power production license for Hrazdan-5 CJSCPSRC extends thermal power production license for Hrazdan-5 CJSC
Armenian government to obtain two new loans totaling over $320  million to finance country`s state budget deficitArmenian government to obtain two new loans totaling over $320  million to finance country`s state budget deficit
Regular meeting of North-South Project Steering Council heldRegular meeting of North-South Project Steering Council held
Daniel Azatyan outlines risks of taxing dividends for commercial bank  shareholdersDaniel Azatyan outlines risks of taxing dividends for commercial bank  shareholders
Central Bank of Armenia: Export market challenges raise income  decline risks for Armenia`s economy Central Bank of Armenia: Export market challenges raise income  decline risks for Armenia`s economy 
Daniel Azatyan: Retail and corporate lending interest rates   decreased slightly in H1 2026Daniel Azatyan: Retail and corporate lending interest rates   decreased slightly in H1 2026
Armenia`s Union of Banks forecasts  6-7% profit growth for banks in  2026Armenia`s Union of Banks forecasts  6-7% profit growth for banks in  2026
UBA Head: Armenia`s banking system mortgage portfolio to achieve 16%   growth by 2026UBA Head: Armenia`s banking system mortgage portfolio to achieve 16%   growth by 2026
SRC uncover approximately AMD 1.3 bln in shadow turnover at gasoline  and diesel fuel sales pointsSRC uncover approximately AMD 1.3 bln in shadow turnover at gasoline  and diesel fuel sales points
Sale of over 70,000 bottles of drinking water and carbonated  beverages from Armenia suspended in RussiaSale of over 70,000 bottles of drinking water and carbonated  beverages from Armenia suspended in Russia
RA Central Bank maintains refinancing rate at 6.5%RA Central Bank maintains refinancing rate at 6.5%
Ardshinbank Mastercard Cardholders to Receive 10% Cashback on Restaurant and Café PurchasesArdshinbank Mastercard Cardholders to Receive 10% Cashback on Restaurant and Café Purchases
MyInvest as autopilot for your investments - Ameriabank presents new  terms for investorsMyInvest as autopilot for your investments - Ameriabank presents new  terms for investors
Government personnel bank is being formed in Armenia - premier Government personnel bank is being formed in Armenia - premier 
Idram and IDBank Support Startups at Seaside Startup SummitIdram and IDBank Support Startups at Seaside Startup Summit
Garik Boshyan appointed manager of  Ararat Yerevan Brandy-Wine-Vodka  factoryGarik Boshyan appointed manager of  Ararat Yerevan Brandy-Wine-Vodka  factory
SRC: Quota for duty-free import of electric vehicles for non-dealers  90% usedSRC: Quota for duty-free import of electric vehicles for non-dealers  90% used
Tax incentives should be treated as state programs with clear goals  and measurable outcomes - JrbashyanTax incentives should be treated as state programs with clear goals  and measurable outcomes - Jrbashyan
Armenia`s gross international reserves reach record $5.899 billion by  July 2026Armenia`s gross international reserves reach record $5.899 billion by  July 2026
 Investment program for initial phase of AI plant construction totals  $150 Million, with around $70 mln already utilized Investment program for initial phase of AI plant construction totals  $150 Million, with around $70 mln already utilized
Tatiana Kim: Businesses from Kyrgyzstan, Belarus, Kazakhstan,  Armenia, Uzbekistan, and China have suffered billions in lossesTatiana Kim: Businesses from Kyrgyzstan, Belarus, Kazakhstan,  Armenia, Uzbekistan, and China have suffered billions in losses
The Armenian Embassy in Georgia: Supplies of Armenian agricultural products to the Georgian market continue to expand.The Armenian Embassy in Georgia: Supplies of Armenian agricultural products to the Georgian market continue to expand.
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Talk of the day

ANC In digital age, sovereignty is ensured not only by military, but  also by diversifying artificial intelligence production

 Monday, August 10 2026
ANC In digital age, sovereignty is ensured not only by military, but  also by diversifying artificial intelligence production

ArmInfo.  The opening of the Firebird AI plant in Hrazdan and the deployment of the highly  powerful NVIDIA Blackwell/Rubin infrastructure (18 MW currently, 300  MW in the future) is truly a significant achievement, allowing  Armenia to take a truly prominent place on the global technological  map. Levon Zurabyan, Deputy Chairman of the Armenian National  Congress, wrote about this on his Facebook page.

Economy

SRC exposes AMD 1.1bln in unpaid taxes

ArmInfo. The State Revenue Committee of Armenia (SRC) has identified a company providing regular  inter- and intra-regional passenger transportation that failed to  fully report revenue from services rendered in its tax returns.

Global conference on medical tourism to be held in Yerevan

ArmInfo. The Global Conference on Medical Tourism, entitled "Travel for Health, Stay for  Recovery: When a Patient Becomes a Guest," will be held in Yerevan  from September 21 to 23.

Armenia, U.S. intend to strengthen institutional ties in trade and  economic affairs
Starting January 1, 2027, sale of plastic bags and disposable plastic  products to be banned in Armenia

Finance and banks

Results of the Junius Tournament Announced: The Next Round Ahead        

ArmInfo. Precise mathematical calculations, financial skills, and boundless enthusiasm: another round of the Junius Financial Tournament has come to an end.      During the official award ceremony, participants who collected the highest number of crystals and were recognized as the best in their respective age groups, received valuable prizes.      Tatevik Vardevanyan, Head of Communications and Social Responsibility Programs at IDBank and Idram, highlighted the steadily growing interest among children in the Junius tournament.      “By participating in the Junius tournament, children gain knowledge about finance and solve mathematical problems, making it a fantastic way to spend the summer holidays productively”, said Tatevik Vardevanyan.       The tournament winners received a range of valuable prizes, marking the beginning of their future success.       The launch of the new round of the Junius Financial Tournament will be announced very soon. The Financial Tournament is open to schoolchildren across Armenia in grades 3-8. To win, participants must complete levels 1 to 50 as fast as possible while earning the maximum number of points.       The Idram Junior app is designed for users aged 8–16. It allows children to use cashless funds, make contactless payments, save money, and develop financial literacy, while giving parents the ability to monitor their children’s financial activities through a modern and secure tool.      Congratulations to all participants.     

"Urgently Confirm Your Card Details": IDBank Warns of Hotel Booking Scams

ArmInfo. The vacation season traditionally becomes a peak time not only for tourists, but also for scammers. One of the most dangerous schemes in recent years targets users of hotel booking services. What makes it particularly dangerous is that the scammers’ message may arrive through an official communication channel and contain real details about your trip.

Armenia`s FX market, August 3-7: RUB transactions  surpass  USD and  EUR volumes
Moody’s changes the outlook on IDBank’s ratings to positive

Insurance

Agricultural insurance is gaining momentum in Armenia

ArmInfo. Agricultural risk insurance is gaining momentum in Armenia, finally picking up in 2026 after two years of inactivity.

Armenian insurance companies` profit growth is slowing due to  premiums approaching stagnation

ArmInfo.  Armenia's insurance sector increased its net profit in the first half of 2026 by 71.4%  year-on-year (versus a 2.1-fold increase a year ago), reaching AMD  3.3 billion ($9.1 million). Moreover, this high double-digit growth  rate, despite some slowdown, is the result of tariff increases  introduced a year ago, which boosted premium and claim growth. While  collections have significantly weakened, payments have accelerated.  This is evidenced by the Financial Rating of Armenian Insurance  Companies as of June 30, 2026, prepared by ArmInfo Investment Company  based on published financial reports and additional data requested  from insurance companies.

RA insurance sector significantly increases tax payments in first  half of 2026, with LIGA Insurance leading way
State spending on medication coverage under health insurance system  reaches AMD 14.5 billion — Kharazyan
Statistics

In January-July, 1.240 million tourists visited Armenia, a 7%  year-on-year increase

ArmInfo. In January-July 2026, 1.240 million tourists visited Armenia, a 7% increase compared to the  same period last year.

Mineral raw materials lead Armenia`s exports, while machinery and  equipment lead its imports

ArmInfo.  Armenia's dominant export, mineral raw materials, has increased significantly in volume,  while its main import, machinery and equipment, has achieved double-  digit growth from stagnation. This is evidenced by data from the  Statistical Committee of the Republic of Armenia for the first half  of 2026.

Double-digit growth in industrial sector accelerates producer price  index
Yerevan Municipality`s revenues AMD 49.2bln as of June 30, 2026
Digest

Armenia is restoring railways to the borders with Turkey and Azerbaijan - pravda.ru

ArmInfo. Armenia has begun restoring the Gyumri-Akhurik and Yeraskh railway sections to ensure transport access to the borders with Turkey and Azerbaijan.

Demand for apartments in Armenia from Russians has risen – Verstka

ArmInfo. Armenia has begun restoring the Gyumri-Akhurik and Yeraskh railway sections to ensure transport access to the borders with Turkey and Azerbaijan.

There are already 402 transport projects worth $345 billion in the Eurasian transport framework
EEC Council approves draft Agreement on standardized license in  banking and insurance sectors

Energy

PSRC extends thermal power production license for Hrazdan-5 CJSC

ArmInfo.  At its meeting on August 5, the Public Services Regulatory Commission (PSRC) of the Republic of Armenia extended the thermal power generation license of  Hrazdan-5 CJSC, issued to Gazprom Armenia CJSC.

Iranian gas is not an alternative to Russian gas - David Khudatyan

ArmInfo. Iranian gas is not an alternative to Russian gas, as stated by Minister of Territorial Administration and Infrastructure David Khudatyan to reporters on July 29, when commenting on the agreements reached with the Iranian side during his recent visit to Iran.

Minister: Armenia supports Tehran`s proposal to increase gas exports  from Iran
Narek Karapetyan proposes applying Indian experience in energy  storage

Technology

US Embassy in Armenia: Firebird AI factory  is a tangible example of  the growing U.S.-Armenia partnership

ArmInfo.A major new chapter in Armenia’s AI development begins with the opening of the Firebird AI factory, as noted in a statement  issued by the U.S.   Embassy in Armenia, posted on its official Facebook page.

RA Ministry of High-Tech Industry discuss possibility of implementing  joint initiatives with Kazakhstan

ArmInfo.  Armenian Minister of High-Tech Industry David Tadevosyan met with Kazakhstan's Deputy  Prime Minister and Minister of Artificial Intelligence and Digital  Development Zhaslan Madiyev.

Armenia and Kazakhstan discuss prospects for cooperation in  technology
Tatev Aslanyan appointed Deputy Minister of  RA High-Tech Industry 
Real estate

Government decision: Real estate mortgage transactions to be  conducted online and without a notary

ArmInfo.  The Real Estate Cadastre Committee is expanding its verification capabilities for  real estate transactions. During a government session  on July 23,  Committee Chairman Suren Tovmasyan presented the draft  enabling  tripartite agreements to be concluded online for primary market  mortgage financing between a developer, a buyer, and a bank or  mortgage company licensed by the Central Bank.

Armenia wants to fully clarify Real Estate Cadastre by January 1,  2030

ArmInfo.  Armenia wants to fully clarify the Real Estate Cadastre by January 1, 2030. The National Assembly of the Republic of Armenia will discuss amendments to the laws "On State Registration of Property Rights" and "On Urban Development" in the first reading at its plenary session on June 18.

Armenia dealing with errors in property rights registration
Reverse mortgage institution to be introduced in Armenia
Exchange rates
10.08.2026
RUB4.43-0.02
USD365.88-0.29
EUR422.810.69
GBP494.011.91
CAD262.511.31
JPY23.04-0.09
CNY54.25-0.01
CHF452.540.59






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