ArmInfo NewsFeed


Taking into consideration the fact that October is a month of information technology events in our country, and the topic is more than up-to-date, IDBank is launching a Cyber Security campaign for its customers.Taking into consideration the fact that October is a month of information technology events in our country, and the topic is more than up-to-date, IDBank is launching a Cyber Security campaign for its customers.
VTB Bank (Armenia) switches to the processing system of VTB Bank (Armenia) switches to the processing system of "MultiCarta"  company
A program aimed at stimulating the development of innovations,  science and technology in the region will be implemented in ArmeniaA program aimed at stimulating the development of innovations,  science and technology in the region will be implemented in Armenia
Russian processing company Russian processing company "MultiCarta" discussed cooperation  opportunities with Yerevan Municipality in the transport sector
 VTB Bank (Armenia) will start issuing `MIR` cards by December 2020 VTB Bank (Armenia) will start issuing `MIR` cards by December 2020
Ministry of Energy of the Russian Federation proposed to adjust the  rules for the supply of petroleum products to ArmeniaMinistry of Energy of the Russian Federation proposed to adjust the  rules for the supply of petroleum products to Armenia
CBA`s Governor left for Washington D.C. to participate in IMF and WB  annual meeting CBA`s Governor left for Washington D.C. to participate in IMF and WB  annual meeting 
The Tourism Committee and the Regional Development Fund presented the  implementation of the WB program The Tourism Committee and the Regional Development Fund presented the  implementation of the WB program "Development of the local economy  and infrastructures"
ADB representative praised the achievements of the Armenian  government in ensuring a stable fiscal environmentADB representative praised the achievements of the Armenian  government in ensuring a stable fiscal environment
According to the results of 9 months of 2019, Ardshinbank increased  its net profit by 76% per annum - up to $ 17.5 millionAccording to the results of 9 months of 2019, Ardshinbank increased  its net profit by 76% per annum - up to $ 17.5 million
In Armenia, the upper threshold of the loan provided to the procurers  to fulfill financial obligations to winegrowers will be raisedIn Armenia, the upper threshold of the loan provided to the procurers  to fulfill financial obligations to winegrowers will be raised
EDB monitoring: Armenian economy grows fastEDB monitoring: Armenian economy grows fast
444 mln drams to be allocated for overhaul in a number of state  colleges in Armenia444 mln drams to be allocated for overhaul in a number of state  colleges in Armenia
French Development Agency to provide a grant of 10 million euros for  the implementation of the Irrigated Agriculture program in Armavir  and Ararat regionsFrench Development Agency to provide a grant of 10 million euros for  the implementation of the Irrigated Agriculture program in Armavir  and Ararat regions
Vice Prime Minister: In the near future new large air carriers will  appear on the aviation market of ArmeniaVice Prime Minister: In the near future new large air carriers will  appear on the aviation market of Armenia
Converse Bank launched contact-free Visa Pay Stickers and will offer  Mini FOBs soonConverse Bank launched contact-free Visa Pay Stickers and will offer  Mini FOBs soon
EU Special Representative confirms the Union`s readiness to continue  assisting Armenian Premier and his government with the ongoing  democratic reformsEU Special Representative confirms the Union`s readiness to continue  assisting Armenian Premier and his government with the ongoing  democratic reforms
David Ananyan: Tax administration alone is not enough for tax  officers to further collect taxes similar to the first year of  activity in post-revolutionary Armenia David Ananyan: Tax administration alone is not enough for tax  officers to further collect taxes similar to the first year of  activity in post-revolutionary Armenia 
Economy Ministry proposes to increase the amount of loan provided to  processing enterprises in order to solve problems with their debt to  winegrowersEconomy Ministry proposes to increase the amount of loan provided to  processing enterprises in order to solve problems with their debt to  winegrowers
Government continues discussions on budget financing of the Foreign  Ministry and Police for 2020Government continues discussions on budget financing of the Foreign  Ministry and Police for 2020
ACBA-Credit Agricole Bank starts servicing UnionPay cardsACBA-Credit Agricole Bank starts servicing UnionPay cards
Armenia`s Chief Tax Officer: Trade makes the largest share of the  shadow economyArmenia`s Chief Tax Officer: Trade makes the largest share of the  shadow economy
Armenia`s chief tax officer is going to raise the issue of revising  the income tax refund program for mortgageArmenia`s chief tax officer is going to raise the issue of revising  the income tax refund program for mortgage
Ardshinbank launched the second phase of bondsArdshinbank launched the second phase of bonds
Armenia`s chief tax officer gives advice to importers of carsArmenia`s chief tax officer gives advice to importers of cars
Head of SRC: In the first 9 months of 2019, tax collections increased  by AMD 191.5 billion or 21.6% per annum Head of SRC: In the first 9 months of 2019, tax collections increased  by AMD 191.5 billion or 21.6% per annum 
European Ryanair low-cost airline announces launch of flights from  Yerevan and GyumriEuropean Ryanair low-cost airline announces launch of flights from  Yerevan and Gyumri
Airbus representatives will get acquainted with the cooperation  prospects with ArmeniaAirbus representatives will get acquainted with the cooperation  prospects with Armenia
RA PM: It is important for Armenian citizens to overcome fears of new  technologiesRA PM: It is important for Armenian citizens to overcome fears of new  technologies
In cooperation with ACBA-Credit Agricole Bank, Hayastan All-Armenian  Fund launched a website for online donationsIn cooperation with ACBA-Credit Agricole Bank, Hayastan All-Armenian  Fund launched a website for online donations


 Currency Market

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Talk of the day

In Armenia, the upper threshold of the loan provided to the procurers  to fulfill financial obligations to winegrowers will be raised

 Thursday, October 17 2019
In Armenia, the upper threshold of the loan provided to the procurers  to fulfill financial obligations to winegrowers will be raised

ArmInfo. In Armenia, the upper threshold of the loan provided to procurers to fulfill  financial obligations to winegrowers will be raised. The decision on  this was made at a meeting of the RA Government on October 17.


Economy

VTB Bank (Armenia) will start issuing `MIR` cards by December 2020

ArmInfo. VTB Bank (Armenia) will begin issuing MIR cards by December 2020. Ivan Telegin, General Director and Chairman of the Directorate of VTB Bank (Armenia),  stated answering the question of ArmInfo correspondent during a press  conference on October 17, noting that the timing of the launch  depends on the speed of solving technical issues.

The Tourism Committee and the Regional Development Fund presented the  implementation of the WB program "Development of the local economy  and infrastructures"

ArmInfo. On October 17, chaired by Deputy Prime Minister Tigran Avinyan, a discussion was held on the program "Development of the local economy and infrastructures", financed by the World Bank (WB).

ADB representative praised the achievements of the Armenian  government in ensuring a stable fiscal environment
444 mln drams to be allocated for overhaul in a number of state  colleges in Armenia

Finance and banks

Taking into consideration the fact that October is a month of information technology events in our country, and the topic is more than up-to-date, IDBank is launching a Cyber Security campaign for its customers.

ArmInfo.Having successfully passed ISO certification of the world's best IT standard, IDBank ensures the best Cyber Security standards. However, every client should realize that he/ she has a huge role to play in this and must adhere to the basic security rules to ensure the security of his/her own resources and personal data.

VTB Bank (Armenia) switches to the processing system of "MultiCarta"  company

ArmInfo. VTB Bank (Armenia) switches to the processing system of the Russian company "MultiCarta". Chairman of VTB Bank Directorate (Armenia) Ivan Telegin  and General Director of MultiCarta LLC Kirill Sviridenko signed an  agreement of intent to cooperate on October 17 at a press conference.

Russian processing company "MultiCarta" discussed cooperation  opportunities with Yerevan Municipality in the transport sector
CBA`s Governor left for Washington D.C. to participate in IMF and WB  annual meeting 

Insurance

TPL system in Armenia to use digital technologies

ArmInfo. In the system of compulsory motor third party liability insurance (CTP) in Armenia, digital technologies will begin to be applied. The decision on this  was made at a meeting of the RA Government on October 10.

Երեւանում մեկնարկել է ավանդների ապահոովագրության համար ԵԱՏՄ անդամ երկրների օրենսդրությունների ներդաշնակեցման  փորձագիտական խմբի 1-ին նիստը

ArmInfo. Երեւանում մեկնարկել է ԵԱՏՄ անդամ երկրների ավանդների ապահովագրության համար օրենսդրության ներդաշնակեցման փորձագիտական խմբի առաջին նիստը:

From October 1, 2019, insurance companies began offering insurance  policies in six regions of Armenia
Pashinyan: Agricultural risk insurance process starts in Armenia 
Energy

Ministry of Energy of the Russian Federation proposed to adjust the  rules for the supply of petroleum products to Armenia

ArmInfo.The Ministry of Energy of the Russian Federation has developed a draft federal law proposing to ratify the Protocol amending the Agreement with Armenia  on cooperation in the supply of natural gas, oil products and rough  diamonds to the republic. The document, as reported by the  Parliamentary Newspaper, is posted on the portal of draft regulatory  legal acts.

"Contour Global Hydro Cascade" company will make additional AMD 27.5  billion investment in  modernization of Vorotan Cascade of HPP 

ArmInfo. Contour Global Hydro Cascade will make additional AMD 27.5 billion drams investmen in the modernization of its Vorotan Cascade of Hydroelectric Power  Plants in Armenia. At the October 10 meeting, the Government of the  Republic of Armenia approved the company's application for exemption  from customs payments for imported equipment.

US interested in deepening energy cooperation with Armenia
"Armatom": Over the next two years, work on development of a  large-scale simulator for the Armenian NPP will be completed

Technology

A program aimed at stimulating the development of innovations,  science and technology in the region will be implemented in Armenia

ArmInfo. On October 17, a meeting on donor coordination took place in the Government of Armenia, chaired by RA Deputy Prime Minister Tigran Avinyan, whose  goal was to emphasize the possibilities of the influence of science  and innovation on the development of the Armenian economy.

Armenia reached agreement with a number of Arab countries at GITEX  technology week in Dubai

ArmInfo.Armenia reached an agreement with a number of Arab countries at the GITEX technology week in Dubai. This was announced during the visit of the head of  business development programs of the Enterprise Incubator Foundation  Amalia Yeghoyan to Dubai for the participation of GITEX Technology  Week 2019.

Brazil`s Deputy Minister of Technology, Innovation and  Telecommunications intends to assist in ratification of a technical  cooperation agreement with Armenia
Serj Tankian and Alexis Ohanyan announced the launch of HighConnect  IT platform connecting Armenians from all over the world

Real estate

Cadastral value of expensive real estate in Armenia may increase  eight fold

ArmInfo. The cadastral value of  luxury expensive real estate in Armenia can increase eight fold. This  was stated during the discussion of the draft law "On Establishing  the Procedure for Calculation of the Cadastre Approximate to the  Market Value of Real Estate for the Taxation of Real Estate" on  September 11, head of the Real Estate Cadastre Committee of Armenia  Sarhat Petrosyan. Thus, with the adoption of the law, the tax on  particularly expensive real estate will increase significantly.

Apartment prices in the regions of Armenia increased by 4.1% in the  first half of 2019

ArmInfo. The average market  value of an apartment building in the regions of Armenia increased in  the first half of 2019 by 4.1% per annum, amounting to 89.8 thousand  drams / 1 sq.m.

Property tax in Armenia will increase significantly from 2021
In May 2019 compared to the same period of the 2018th real estate transaction increased by 17.8%

Statistics

Minister of Economy: According to the results of 2019, export from  Armenia will grow by about 7%.

ArmInfo.By the end of 2019, exports from Armenia will grow by about 7%. Armenian Economy Minister Tigran Khachatryan made such a forecast at a press conference on  October 14, summing up the results of 8 months.

Three programs to increase the birth rate will be launched in Armenia  starting from 2020

ArmInfo. In 2020, the Armenian  government will allocate additional 5.3 billion AMD (about $ 11  million) to implement three programs aimed at improving the  demographic situation and stimulating immigration and repatriation.  This was announced on October 11 at a press conference by the Deputy  Minister of Labor and Social Affairs Smbat Saiyan.



Exchange rates
18.10.2019
RUB7.450.00
USD476.34-0.09
EUR530.170.48
GBP614.19-1.79
CAD362.590.62
JPY43.850.06
CNY67.380.08
CHF482.082.29


Experts
Head of PSRC: Whatever the agreement, the domestic tariff is  dependent on the price at the borderHead of PSRC: Whatever the agreement, the domestic tariff is  dependent on the price at the border
IMF: Armenia needs to achieve sustainable inclusive growthIMF: Armenia needs to achieve sustainable inclusive growth
Artur Atoyan: Problems of fish farmers are solved by the communist  method, that is, they are not solved at allArtur Atoyan: Problems of fish farmers are solved by the communist  method, that is, they are not solved at all
HSBC Bank Armenia digitalizes cooperation with retail clients HSBC Bank Armenia digitalizes cooperation with retail clients 
AmRating agency in cooperation with European Rating-Agentur Expert RA  GmbH has issued regular research on Armenia`s banking systemAmRating agency in cooperation with European Rating-Agentur Expert RA  GmbH has issued regular research on Armenia`s banking system
Yulia Ustyugova: Armenia can get access to IMF “insurance line”Yulia Ustyugova: Armenia can get access to IMF “insurance line”
Armand Arton: The question whether citizenship should be granted in  return for investments is rather rhetoricalArmand Arton: The question whether citizenship should be granted in  return for investments is rather rhetorical
Former head of the Ministry of Finance: <Confrontation> with Lydian may cost much to ArmeniaFormer head of the Ministry of Finance: with Lydian may cost much to Armenia
Vardan Aramyan: It will be unreasonable if the government goes to revise the allowable national debt ceiling in GDPVardan Aramyan: It will be unreasonable if the government goes to revise the allowable national debt ceiling in GDP
HSBC Bank Armenia increases efficiency and focuses on digital servicesHSBC Bank Armenia increases efficiency and focuses on digital services
Bulgarian Minister: The level of Armenian-Bulgarian economic  cooperation is still unsatisfactoryBulgarian Minister: The level of Armenian-Bulgarian economic  cooperation is still unsatisfactory
Expert: Recruitment market in Armenia from the point of view of  supply and demand is sleepingExpert: Recruitment market in Armenia from the point of view of  supply and demand is sleeping
Expert: Despite the adequacy of Armenian banks` capitals, the  opportunities for its optimal use are severely limitedExpert: Despite the adequacy of Armenian banks` capitals, the  opportunities for its optimal use are severely limited
Association of Organic Agriculture is being created in ArmeniaAssociation of Organic Agriculture is being created in Armenia
Pailak Tadevosyan: Governments change in Armenia, but taxation  approaches do not changePailak Tadevosyan: Governments change in Armenia, but taxation  approaches do not change
Rouben Indjikian: Everyone should follow the established unified and fair rules of the gameRouben Indjikian: Everyone should follow the established unified and fair rules of the game
Mher Arakelyan:  Armenia`s payment business has great prospectsMher Arakelyan:  Armenia`s payment business has great prospects
Rating-Agentur Expert RA GmbH and AmRating issued an industry report  on Armenia`s banking systemRating-Agentur Expert RA GmbH and AmRating issued an industry report on Armenia`s banking system
Igor Nazaruk: Each planted sprout has the right to a successful prospect if it is cherished and taken care ofIgor Nazaruk: Each planted sprout has the right to a successful prospect if it is cherished and taken care of
Ara Khzmalyan: Armenia is comfortable to Russian touristAra Khzmalyan: Armenia is comfortable to Russian tourist

Search by date

Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000

Commented
$ 270 Million to be invested in the construction of the first  skyscraper in Yerevan$ 270 Million to be invested in the construction of the first  skyscraper in Yerevan
The AGBU Women Entrepreneurs Program Launched in Artsakh: FRUITFUL  ARMENIA Foundation is the partnerThe AGBU Women Entrepreneurs Program Launched in Artsakh: FRUITFUL  ARMENIA Foundation is the partner
Forecast: Armenia has good prospects for expanding its presence in  the Polish marketForecast: Armenia has good prospects for expanding its presence in  the Polish market
Armenian government`s delegation headed by Prime Minister will take  part in the St. Petersburg International Economic Forum on June 6-7Armenian government`s delegation headed by Prime Minister will take  part in the St. Petersburg International Economic Forum on June 6-7
Concessionaire of Zvartnots International Airport promises to become  one of the best operators in the worldConcessionaire of Zvartnots International Airport promises to become  one of the best operators in the world
Arthur Javadyan: Central banks are not responsible for economic  growthArthur Javadyan: Central banks are not responsible for economic  growth
Forecast: Electricity exports to the Middle East through Iran are a  key component of Armenia`s geo- economic strategyForecast: Electricity exports to the Middle East through Iran are a  key component of Armenia`s geo- economic strategy
ArmInfo IC: In Armenia,  CMTPL loss ratio increased up to 64.5% in Q1  2019ArmInfo IC: In Armenia,  CMTPL loss ratio increased up to 64.5% in Q1  2019
From January 1, 2020, the cost of customs clearance of cars from  non-EEU countries in Armenia will increase by at least 4-5 fold:  whether the market for used cars is going upFrom January 1, 2020, the cost of customs clearance of cars from  non-EEU countries in Armenia will increase by at least 4-5 fold:  whether the market for used cars is going up
Overdue loans accelerate growth in banking system of ArmeniaOverdue loans accelerate growth in banking system of Armenia
RA Prime Minister: European Union is not ready to finance 100% of  development programs implementation in ArmeniaRA Prime Minister: European Union is not ready to finance 100% of  development programs implementation in Armenia
Converse Bank offers online loans at a low effective interest rateConverse Bank offers online loans at a low effective interest rate
Renco company will attract additional shareholders and partners to  the project of building a new thermal-power plant in ArmeniaRenco company will attract additional shareholders and partners to  the project of building a new thermal-power plant in Armenia
T.Avinyan: The Government is open for cooperation and encourages  active dialogue and interaction in all areas T.Avinyan: The Government is open for cooperation and encourages  active dialogue and interaction in all areas 
Agreement on construction of a new unit with combined gas cycle  signed in YerevanAgreement on construction of a new unit with combined gas cycle  signed in Yerevan
Veolia Jur: Regulatory charges are false and unfoundedVeolia Jur: Regulatory charges are false and unfounded
Armenian Prime Minister: We are gaining momentum for economic takeoffArmenian Prime Minister: We are gaining momentum for economic takeoff
Through the mobile banking application of Ardshinbank you can get a  loan in seconds.Through the mobile banking application of Ardshinbank you can get a  loan in seconds.
By the end of 2018, By the end of 2018, "Galburdjian Group" will launch the production of  sesame oil in Armenia
Expert: Armenia has a problem with effective use of water resources,  rather than small hydropower stationsExpert: Armenia has a problem with effective use of water resources,  rather than small hydropower stations
Investment forum Investment forum "Energy Week 2018" to be held in Armenia
Expert: It is necessary to start implementing the program for the  construction of a new nuclear unitExpert: It is necessary to start implementing the program for the  construction of a new nuclear unit
The Armenian government suggests raising the minimum pension by 60%The Armenian government suggests raising the minimum pension by 60%

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