Vice Prime Minister: Armenian companies will be able to attract  preferential credit resources while increasing authorized capital

 Thursday, July 9 2020 12:59:00
Vice Prime Minister: Armenian companies will be able to attract  preferential credit resources while increasing authorized capital

ArmInfo.  As of today, one  application for participation in the program has been satisfied  subsidizing interest rates on preferential loans attracted by  business entities; two more applications are under consideration. On  July 9, Deputy Prime Minister Mher Grigoryan stated this at a meeting  of the RA Government.

Fast Credit Capital UCO will start placement of its dram and dollar  bonds on July 9
 Monday, July 6 2020 14:59

ArmInfo.  On July 9, "Fast Credit  Capital" Universal Credit Organization (UCO) will start issue and  placement of its dram and dollar bonds with issue volumes of 400  million drams and $ 4 million, respectively. This is evidenced by the  July 3 decision on registration of the issue prospectus of these  tranches, posted on July 6 on the CBA website.

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Armenian government will direct AMD 1.9 billion on capital  expenditures of the Ministry of Education
 Thursday, July 2 2020 16:12

ArmInfo. 1.9 billion AMD will be  allocated from the state budget of Armenia for capital expenditures  of the RA Ministry of Education, Science, Culture and Sports. This  decision was made on July 2 at the next government meeting.

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SRC: only 49% of business entities took advantage of the 18th package  of anti-crisis measures
 Thursday, June 11 2020 18:35

ArmInfo.  The State Revenue  Committee (SRC) summed up the results of the 18 package of  anti-crisis measures envisaged for business entities that have from 2  to 100 employees who retained their salary fund and staff.

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Rusatom Service CJSC will receive an equivalent of $ 40.3 million for  the implementation of activities at the Armenian NPP
 Thursday, June 11 2020 12:57

ArmInfo. Rusatom Service CJSC,  which is part of the Rosatom Group of Companies, will receive an  amount in drams equivalent to 40 million 255 thousand US dollars for  carrying out activities at the Armenian Nuclear Power Plant. At the  June 11 meeting, the Government of Armenia approved the program of  events of the company.

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Armenian NPP will receive a budget loan of $ 130 million
 Thursday, June 11 2020 12:54

ArmInfo. The Armenian Nuclear  Power Plant will be provided with a budget loan of 63.2 billion drams  (about $ 130 million). The decision on this was made at a meeting of  the RA government on June 11.

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News
With EU funding, Armenia has launched a new program to improve the country`s business and investment climate.With EU funding, Armenia has launched a new program to improve the country`s business and investment climate.
Investment company CUBE Invest entered the Armenian capital market for the first time as an issuerInvestment company CUBE Invest entered the Armenian capital market for the first time as an issuer
Armenia and Iran discussed cooperation in urban development.Armenia and Iran discussed cooperation in urban development.
Armenia and Estonia discussed prospects for cooperation in microelectronics and semiconductor technologiesArmenia and Estonia discussed prospects for cooperation in microelectronics and semiconductor technologies
The net inflow of transfers to Armenia has jumped several-fold, and the dominant volume continues to come from Russia.The net inflow of transfers to Armenia has jumped several-fold, and the dominant volume continues to come from Russia.
The Armenian Foreign Ministry: Benefits for Armenian goods from the evening of November 3 are fully reflected in the EU Integrated Customs Tariff system.The Armenian Foreign Ministry: Benefits for Armenian goods from the evening of November 3 are fully reflected in the EU Integrated Customs Tariff system.
State health insurance is successfully replacing voluntary health insurance – insurance analyticsState health insurance is successfully replacing voluntary health insurance – insurance analytics
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The Ministry of Regional Development received a delegation from the European Bank for Reconstruction and Development.The Ministry of Regional Development received a delegation from the European Bank for Reconstruction and Development.
The Central Bank of Armenia: Further expansion of external demand creates risks of excess supply, leading to weakening consumer and investor confidenceThe Central Bank of Armenia: Further expansion of external demand creates risks of excess supply, leading to weakening consumer and investor confidence
The UAE is ready to deepen cooperation with Armenia in the energy sector.The UAE is ready to deepen cooperation with Armenia in the energy sector.
IDBank and Idram Hold Financial Literacy Session for Young Chess PlayersIDBank and Idram Hold Financial Literacy Session for Young Chess Players
Effective Partnerships for Nature: Team Organizes Panel Discussion at COP17Effective Partnerships for Nature: Team Organizes Panel Discussion at COP17
Martyn Galstyan: Sensitivity analysis showed that if gas prices rise by 10%, inflation will increase by 0.8%, but it is unclear whether there will be a linear relationship.Martyn Galstyan: Sensitivity analysis showed that if gas prices rise by 10%, inflation will increase by 0.8%, but it is unclear whether there will be a linear relationship.
The Armenian Parliament will receive 7.6 billion drams in 2027.The Armenian Parliament will receive 7.6 billion drams in 2027.
The EAEU Council approved the agenda for the upcoming meeting of the Eurasian Intergovernmental CouncilThe EAEU Council approved the agenda for the upcoming meeting of the Eurasian Intergovernmental Council
The Central Bank of Armenia raised the refinancing rate by another 0.25% - from 6.75% to 7%The Central Bank of Armenia raised the refinancing rate by another 0.25% - from 6.75% to 7%
Minister: Work on implementing an electronic notary services system will begin in 2027Minister: Work on implementing an electronic notary services system will begin in 2027
In 2027, 24 billion 250 million drams will be allocated from the state budget to support the office of the Prime Minister of the Republic of ArmeniaIn 2027, 24 billion 250 million drams will be allocated from the state budget to support the office of the Prime Minister of the Republic of Armenia
The State Revenue Committee recalled the ban on the import of cash currency from the Russian Federation in excess of 1 million rubles into Armenia and other EAEU countriesThe State Revenue Committee recalled the ban on the import of cash currency from the Russian Federation in excess of 1 million rubles into Armenia and other EAEU countries
REC launched a business mission in Armenia for aluminum cookware manufacturers.REC launched a business mission in Armenia for aluminum cookware manufacturers.
Head of the Central Bank of Armenia: In the context of geopolitical and economic uncertainty in the world, external and internal risks remainHead of the Central Bank of Armenia: In the context of geopolitical and economic uncertainty in the world, external and internal risks remain
Oppositionist: Armenia`s debt burden is twice that of Georgia and three times that of AzerbaijanOppositionist: Armenia`s debt burden is twice that of Georgia and three times that of Azerbaijan
Eduard Akopyan: The State Revenue Committee is working on developing an electronic platform that will be integrated with the TRIPP project.Eduard Akopyan: The State Revenue Committee is working on developing an electronic platform that will be integrated with the TRIPP project.
Finance Minister: There is currently no official information about increasing gas prices for ArmeniaFinance Minister: There is currently no official information about increasing gas prices for Armenia
Yerevan to host Silicon Mountains 2026, an international technology summit and exhibitionYerevan to host Silicon Mountains 2026, an international technology summit and exhibition
The budget of the Ministry of Labor and Welfare of Armenia in 2027 will be the largest in the structure of the entire state budget of the country.The budget of the Ministry of Labor and Welfare of Armenia in 2027 will be the largest in the structure of the entire state budget of the country.
Experts at the EFSD conference assessed the growth potential of Eurasian economies.Experts at the EFSD conference assessed the growth potential of Eurasian economies.
EU-backed reforms to Armenia`s energy market are being discussed in YerevanEU-backed reforms to Armenia`s energy market are being discussed in Yerevan
Stagnation in premiums has slowed net profit growth in the Armenian insurance market.Stagnation in premiums has slowed net profit growth in the Armenian insurance market.
IDBank has issued perpetual coupon bonds for the first timeIDBank has issued perpetual coupon bonds for the first time
Head of the Ministry of Finance of the Republic of Armenia: The current structure of the state debt will be maintained in 2027Head of the Ministry of Finance of the Republic of Armenia: The current structure of the state debt will be maintained in 2027
In 2027, it is planned to improve the GDP-to-taxes ratio by 0.6 percentage pointsIn 2027, it is planned to improve the GDP-to-taxes ratio by 0.6 percentage points
RA Prime Minister: State budget revenues are never highRA Prime Minister: State budget revenues are never high
Armenia`s gross international reserves approach $7 billion, setting a new record by October 2026Armenia`s gross international reserves approach $7 billion, setting a new record by October 2026
Possibilities of expanding cooperation between Armenia and Latvia in the field of high technology were discussedPossibilities of expanding cooperation between Armenia and Latvia in the field of high technology were discussed
On the Armenian interbank currency market, dollar transactions decreased from October 26 to 30, while ruble transactions began to grow.On the Armenian interbank currency market, dollar transactions decreased from October 26 to 30, while ruble transactions began to grow.
IDBank Supports the Reconstruction of the Spandaryan Canal: Commemorative Plaque Dedicated to the Project SignedIDBank Supports the Reconstruction of the Spandaryan Canal: Commemorative Plaque Dedicated to the Project Signed
IDBank and Idram Presented Several Environmental Initiatives at COP17IDBank and Idram Presented Several Environmental Initiatives at COP17
The Central Bank of Armenia is working on creating a mechanism to insure clients affected by cybercrime.The Central Bank of Armenia is working on creating a mechanism to insure clients affected by cybercrime.
The Ministry of Economy considered the possibility of implementing an extended producer responsibility system with the support of UNIDO.The Ministry of Economy considered the possibility of implementing an extended producer responsibility system with the support of UNIDO.
The retention of a significant portion of non-resident funds in Armenia can be seen as indirect evidence of the quality of services provided by banks, says the head of the Central Bank.The retention of a significant portion of non-resident funds in Armenia can be seen as indirect evidence of the quality of services provided by banks, says the head of the Central Bank.
Cognacs from Armenia and Georgia have been included in the Belarusian register of hazardous products.Cognacs from Armenia and Georgia have been included in the Belarusian register of hazardous products.
Economist: Armenia`s withdrawal from the EAEU could lead to the cessation of financial intermediation, and such a scenario would deal a much stronger blow to the country`s economyEconomist: Armenia`s withdrawal from the EAEU could lead to the cessation of financial intermediation, and such a scenario would deal a much stronger blow to the country`s economy
Armenia and India discussed prospects for developing trade, economic, and investment cooperationArmenia and India discussed prospects for developing trade, economic, and investment cooperation
Martin Galstyan: The Central Bank of Armenia raised the budgetary liquidity ratio to 2.25%, estimating the amount of additional capital to absorb unexpected losses under an expected shock of 250 billion dramsMartin Galstyan: The Central Bank of Armenia raised the budgetary liquidity ratio to 2.25%, estimating the amount of additional capital to absorb unexpected losses under an expected shock of 250 billion drams
The Minister of Economy listened to proposals from the Armenian business community.The Minister of Economy listened to proposals from the Armenian business community.
Sevak Mikaelyan became a member of the Board of the Central Bank of ArmeniaSevak Mikaelyan became a member of the Board of the Central Bank of Armenia
Yerevan became the cheapest foreign holiday destination for Russians in November.Yerevan became the cheapest foreign holiday destination for Russians in November.
Armenia and Iran intend to intensify cooperation in the field of high technologiesArmenia and Iran intend to intensify cooperation in the field of high technologies
«Here’s the screenshot, the money has been transferred»: IDBank warns of fake payment scams«Here’s the screenshot, the money has been transferred»: IDBank warns of fake payment scams
The Chairman of the State Revenue Committee of Armenia took part in the global event of the Smart Customs project, which was held at the WTO headquarters in BrusselsThe Chairman of the State Revenue Committee of Armenia took part in the global event of the Smart Customs project, which was held at the WTO headquarters in Brussels
The RA Ambassador to the United States presented Armenia`s investment potentialThe RA Ambassador to the United States presented Armenia`s investment potential
Digital Architecture for a Sustainable Future: IDBank`s Article in Regional Post Magazine             Digital Architecture for a Sustainable Future: IDBank`s Article in Regional Post Magazine            
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Armenia notes the importance of creating conditions that will enable the effective and responsible use of AI tools for the benefit of the public and private sectors.Armenia notes the importance of creating conditions that will enable the effective and responsible use of AI tools for the benefit of the public and private sectors.
The Armenian Minister of Finance discussed education development and business support with the head of AGFUND.The Armenian Minister of Finance discussed education development and business support with the head of AGFUND.
Sevak Mikaelyan: The country`s banking system`s loan portfolio has already approached 9 trillion drams.Sevak Mikaelyan: The country`s banking system`s loan portfolio has already approached 9 trillion drams.
Participants of the EFSD conference in Astana discussed economic policy priorities in the new cycleParticipants of the EFSD conference in Astana discussed economic policy priorities in the new cycle
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Exchange rates
04.11.2026
RUB4.39-0.04
USD360.120.05
EUR405.032.33
GBP485.412.48
CAD257.970.02
JPY22.72-0.05
CNY53.960.00
CHF440.510.54




Experts
Expert: Azerbaijan, having its own gas, is seeking to buy Russian gas for economic reasons, while Armenia, lacking an alternative, is considering abandoning itExpert: Azerbaijan, having its own gas, is seeking to buy Russian gas for economic reasons, while Armenia, lacking an alternative, is considering abandoning it
Expert: Turkey is gradually increasing its energy influence in the South Caucasus, increasingly intersecting with the interests of Russia and IranExpert: Turkey is gradually increasing its energy influence in the South Caucasus, increasingly intersecting with the interests of Russia and Iran
Politician: The development of Amulsar is turning Armenia into a raw materials appendage of the global economyPolitician: The development of Amulsar is turning Armenia into a raw materials appendage of the global economy
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Commented
Politician: The price of gasoline in Armenia has reached an all-time high of 600 drams per literPolitician: The price of gasoline in Armenia has reached an all-time high of 600 drams per liter
RA government to allocate AMD 1.035bln more to co-finance subvention  programs in the country`s regionsRA government to allocate AMD 1.035bln more to co-finance subvention  programs in the country`s regions
Effective July 10, individuals prohibited from exporting more than 5  kg of phytosanitary controlled goods from Armenia Effective July 10, individuals prohibited from exporting more than 5  kg of phytosanitary controlled goods from Armenia 
Mining and metallurgy essential to Armenia`s tech and defense  sectors- says ZCMC Vice President Mining and metallurgy essential to Armenia`s tech and defense  sectors- says ZCMC Vice President
For first time, institution of restructuring insolvent banks is being  introduced in Armenian banking systemFor first time, institution of restructuring insolvent banks is being  introduced in Armenian banking system