Tuesday, March 25 2025 11:25
ArmInfo. A healthy future of children is in our hands - this was the slogan of a meeting attended by intellectual teams from AraratBank, other financial institutions, and the IT sector in support of the children under the care of the City of Smile Charitable Foundation. This is perhaps one of the rare instances where the goal transcends competition, and the only victory is the smile of a recovered child. >>>
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Monday, March 24 2025 12:20
ArmInfo. The Central Bank of Armenia proposes not to consider information about the Central Bank of the Republic of Armenia's monetary reserves for each denomination, the production technology of the Armenian dram and the features of their protection as a state secret. The draft has been submitted for public discussion on the unified portal of legal acts e-draft.am. >>>
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Saturday, March 22 2025 11:59
ArmInfo. From March 17 to March 21, 2025, RUB transactions were conducted daily and USD transactions were conducted four times in the Armenian interbank foreign exchange market, while euro transactions ceased to be conducted again. As a result, the weekly trend of dollar transactions reversed from 24% growth towards 21% decline. This trend was also observed in RUB transactions, which reversed from a 21.4% growth to a 3% decline. As a result, the ratio of the weekly volume of dollar transactions to ruble transactions decreased from 1.7 to 1.3 times. Additionally, in the intra-bank foreign exchange market during the reporting week (17-21.03.25 compared to 10-14.03.25) there was an increase in both buying and selling of dollars and rubles. However, in euro transactions the growth in sales accelerated while the buying trend shifted from growth to decline. >>>
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Friday, March 21 2025 17:19
ArmInfo. IDBank’s new branch this time opens its doors in the city of Artashat, Ararat region. Staying true to its promise, the Bank continues to strengthen not only its online, but also physical presence across different regions of Armenia. >>>
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Friday, March 21 2025 16:06
ArmInfo. Ameriabank and CJSC Dinno present their joint PayLink platform for businesses - an innovative payment acceptance and management solution. This new, fast and secure way to receive payments with just one link helps companies optimize processes, ensures uninterrupted payments and instant reporting. This is noted in the message of Ameriabank. >>>
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Thursday, March 20 2025 16:15
ArmInfo. March 19 is International Client’s Day, and while IDBank frequently organizes appreciation days and surprises for its customers, it could not miss this day either. >>>
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Wednesday, March 19 2025 15:15
ArmInfo. By January 1, 2025, there were over 4.3 million cards in the plastic market of Armenia, with an annual growth of 16.3%. During the same period, microprocessing cards with an NFC chip have increased by 2.3 times over three years, with a 31% increase in 2024 (compared to 24% in 2023), totaling 3.4 million units or 79% of the total number of cards, as evidenced by data of RA Central Bank. >>>
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Tuesday, March 18 2025 20:49
ArmInfo. The Asian Development
Bank (ADB) will allocate 236 million euros for the construction of
the northern section of the Sisian-Kajaran road, part of the North-
South transport corridor. The loan agreement was signed by ADB
Resident Representative in Armenia Don Lambert and Armenian Minister
of Finance Vahe Hovhannisyan. >>>
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Tuesday, March 18 2025 18:19
ArmInfo. Positive sentiment regarding a potential swift resolution of the Ukrainian crisis, the freezing of the Russian- Ukrainian conflict, and the ensuing negotiations play a significant role in strengthening the ruble. A similar opinion was expressed by Martin Galstyan, the Chairman of the Central Bank of Armenia, during a press conference on March 18. >>>
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Tuesday, March 18 2025 17:22
ArmInfo. The Armenian government's decision to place the next tranche of Eurobonds (totaling $750 million - ed.) is a right step, especially since the intention to issue them was announced in advance. This was noted by the Chairman of the Central Bank of the Republic of Armenia, Martin Galstyan, during a press conference on March 18. >>>
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Tuesday, March 18 2025 12:59
ArmInfo. This time, the Central Bank of Armenia has considered it appropriate to leave the refinancing rate unchanged at 6.75%. This decision was made on March 18 at a meeting of the Board of the Central Bank of Armenia. The Lombard Repo Facility Rate - 8.25% and the Deposit Facility Rate - 5.25% have also been kept at the previous level. >>>
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Monday, March 17 2025 11:50
ArmInfo. Armenia has placed Eurobonds worth $750 million, which indicates a high level of confidence among international investors in the republic's economy. This was stated by Babken Tunyan, a member of parliament from the ruling Civil Contract faction, on social media. >>>
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Saturday, March 15 2025 12:19
ArmInfo. From March 10 to 14, 2025, dollar transactions and the same number of ruble transactions were conducted on the Armenian interbank currency market, while euro transactions resumed. As a result, the weekly trend of dollar transactions remained on the rise with a slowdown in rates from 33% to 24%, while ruble transactions continued to grow, but with an acceleration in rates from 12% to 21.4%. As a result, the prevalence of the weekly volume of dollar transactions over ruble ones did not change (1.7 times), but over euro ones it turned out to be more significant (22 times). >>>
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Thursday, March 13 2025 15:08
ArmInfo. 4,664,972 AMD – this is the impact of “The Power of One Dram” in February. The funds were directed toward a new program by “QaylTech”, which provides innovative mobility solutions. Thanks to the new equipment, eight individuals with disabilities will now have the opportunity to navigate any staircase․ >>>
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Thursday, March 13 2025 15:05
ArmInfo. According to the
authoritative international magazine Global Finance, Converse Bank
has been named the winner in the category "Best Bank in Armenia in
Trade Finance" for 2025 ("Best Trade Finance Provider 2025 in
Armenia"). As ArmInfo was informed by the bank's press service,
Converse Bank has received this award for the sixth consecutive
year. The award ceremony was held in Amsterdam, within the framework
of the "BAFT Europe Bank-2025" forum, where the Bank was represented
by its Financial Director and Deputy General Director, Grant
Hakobyan. Akopyan expressed gratitude for the high assessment of
Converse Bank's activities in trade finance and noted: "This not
only testifies to the success and efficiency of the Bank's work in
this area, but also stimulates innovative solutions and ongoing
developments, that will allow us to continue maintaining leading
positions in trade finance." >>>
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Tuesday, March 11 2025 15:29
ArmInfo.The second “Face to Face: Dialogue of Generations” regional forum will take place on March 29 at the Stepanavan’s Palace of Culture after Sos Sargsyan. This year’s forum is proudly sponsored by Idram and IDBank, as part of their "The Power of One Dram" corporate social responsibility program. >>>
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Friday, March 7 2025 17:38
ArmInfo.Armenia's Urban Development Committee, the Asian Development Bank (ADB) and the South
Korean Ministry of Economy and Finance are launching the Armenia Green Urbanization Project to advance energy efficiency in buildings. >>>
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Friday, March 7 2025 15:03
ArmInfo. Armenia's gross international reserves (GIR) in January 2025 decreased by 6.5% per annum or $231.3 million, exceeding $3.344 billion, which was observed in the same period of 2024 - a decline of 3.1% or $113.6 million - to $3.576 billion. In January of this year alone, GIR decreased by 9.2% (or $340.1 million). >>>
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Thursday, March 6 2025 16:48
ArmInfo. Armenian banks have started to decrease the rate of lending to the economy, while increasing consumer lending at a faster rate. >>>
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Thursday, March 6 2025 13:01
ArmInfo.The Eurasian Development Bank will provide technical assistance to the Ministry of Finance of Armenia in implementing a comprehensive program to improve the qualifications of the department's employees. The RA Government approved the implementation of this project at a meeting on March 6. >>>
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