Minister of Economy of Armenia visited <Oval Plastic> plantMinister of Economy of Armenia visited plant
On June 10-14, 2019, volume of transactions at currency interbank market of Armenia decreased by 7%On June 10-14, 2019, volume of transactions at currency interbank market of Armenia decreased by 7%
VTB Bank (Armenia) opens 23 self-service zones 24/7VTB Bank (Armenia) opens 23 self-service zones 24/7
Interdepartmental commission approved 60 program applications for  attracting subventions worth 2.5 billion drams
Tax report: In May 2019 sales volumes increased by 22.1% in ArmeniaTax report: In May 2019 sales volumes increased by 22.1% in Armenia
Center for the Development of Economic Initiatives opposes a bill to  raise property taxCenter for the Development of Economic Initiatives opposes a bill to  raise property tax
Armenian government pondered over ministerial labor compensation increaseArmenian government pondered over ministerial labor compensation increase
Construction activities within Tranche 2 of North-South Investment Corridor has been suspendedConstruction activities within Tranche 2 of North-South Investment Corridor has been suspended
Armenian government exempts Armenian government exempts "Liqvor" pharmaceutical company from import customs duties
Sevan is in the top 5 of the best destinations in the CIS for a summer holidaySevan is in the top 5 of the best destinations in the CIS for a summer holiday
Armenian President received the participants of the discussion "Technological Armenia`s future "
The 16th Golden Apricot International Film Festival will start on   July 7 in YerevanThe 16th Golden Apricot International Film Festival will start on July 7 in Yerevan
Surplus of state budget of Armenia grew by 8.8 fold by May 2019 - up to $ 161.6 million
Deputy Minister: As a result of applying the new provisions of the Tax Code, the estimated losses of the state budget of Armenia will be 45 billion dramsDeputy Minister: As a result of applying the new provisions of the Tax Code, the estimated losses of the state budget of Armenia will be 45 billion drams
Deputy Minister of Finance: The main task of the Armenian government is to increase the state`s competitivenessDeputy Minister of Finance: The main task of the Armenian government is to increase the state`s competitiveness
Official: In Armenia, there is no clear assessment of the volume of the shadow economyOfficial: In Armenia, there is no clear assessment of the volume of the shadow economy
Henceforth, Armenian citizens using online service can check presence of tax arrears in territory of RussiaHenceforth, Armenian citizens using online service can check presence of tax arrears in territory of Russia
Deputy Minister: RA Government does not share the opinion that the proposals on a flat income tax system are based on the interests of highly paid beneficiariesDeputy Minister: RA Government does not share the opinion that the proposals on a flat income tax system are based on the interests of highly paid beneficiaries
Business delegation from Tajikistan will visit Armenia to study the successful experience in the production of dried fruitsBusiness delegation from Tajikistan will visit Armenia to study the successful experience in the production of dried fruits
Deputy Prime Minister: Armenian government is aimed at building an innovative and comprehensive economyDeputy Prime Minister: Armenian government is aimed at building an innovative and comprehensive economy
CBA tightens capital adequacy ratio for banks: Starting from 2020 buffers to be introduced according to Basel III standardCBA tightens capital adequacy ratio for banks: Starting from 2020 buffers to be introduced according to Basel III standard
Expert: Armenian banks due to additional Basel requirements will face   the need to replenish capitalExpert: Armenian banks due to additional Basel requirements will face the need to replenish capital
ARARATBANK intends to launch a specific program - crediting refugeesARARATBANK intends to launch a specific program - crediting refugees
Until the year of 2022, ARARATBANK intends to transform into BanktechUntil the year of 2022, ARARATBANK intends to transform into Banktech
Ashot Osipyan did not rule out the likelihood of further interest  rate cuts in ArmeniaAshot Osipyan did not rule out the likelihood of further interest  rate cuts in Armenia
Varag Siserian: The Armenian side in the Chinese Shanxi signed an   important agreement for the development of the joint venture   Varag Siserian: The Armenian side in the Chinese Shanxi signed an important agreement for the development of the joint venture "Shanxi-Nairit"
Russian Ambassador: Interim Agreement on the Establishment of a Free   Trade Zone between Iran and the EAEU opens up additional   opportunities for cooperationRussian Ambassador: Interim Agreement on the Establishment of a Free Trade Zone between Iran and the EAEU opens up additional opportunities for cooperation
Total assets of two pension funds of Armenia reached $ 325 million by 2019
Kopyrkin: Continuity preserved in Armenian-Russian relationsKopyrkin: Continuity preserved in Armenian-Russian relations
The number of tourist trips of Russians to Armenia increased by almost 20% in Q1 2019The number of tourist trips of Russians to Armenia increased by almost 20% in Q1 2019

 Currency Market

 Indicators



 Banks bonds

"Rosgosstrakh Armenia" continues to lead among insurance companies in  list of major taxpayers in Armenia

 Friday, May 24 2019 18:33:00

ArmInfo. Following the results of the Q1 of 2019, the insurance sector of Armenia paid taxes of 633.9 million drams ($ 1.3 million), which is 11.8% more than a year  ago.  Of this amount, 86% or 542.3 million drams were paid on direct  taxes (including income tax and profits tax). According to the RA  State Revenue Committee, all 6 insurance companies operating in the  market were included in the list of the top 1000 taxpayers of Armenia  during the reporting period.

ArmInfo Financial Rating: Insurance premiums and reimbursements in  Armenia slowed growth by April 1, 2019
 Tuesday, April 30 2019 12:56

ArmInfo. The premiums of Armenian insurance companies increased by 17.6% per annum in the first quarter of 2019, with a rise in refunds of 11.9%, while the year before the rates were higher - 47.9% and 26% respectively. In the first quarter  of 2019 alone, premiums increased by 59.8%, with a drop in payments  of 6.8%, against premium growth of 36.1% and a fall in refunds of  22.2% in the first quarter of 2018. By April 1, 2019, the cumulative  amount of insurance premiums was 16.3 billion drams, and the amount  of insurance claims was 6.1 billion drams (figures are from IC  reports on IFRS standards).

>>>
Following the results of the first quarter of 2019, in the insurance  market of Armenia, the corporate component dominates in premiums, and  retail
 Monday, April 29 2019 17:51

ArmInfo. The share of retail insurance in the portfolios of premiums of Armenian insurers in the first quarter of 2019 amounted to 34.2% (5.6 billion drams),  corporate - 65.8% (10.9 billion drams), against 36.8% and 63.2%  respectively a year earlier.

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ArmInfo IC: In Armenia,  CMTPL loss ratio increased up to 64.5% in Q1  2019
 Monday, April 29 2019 14:46

ArmInfo. The loss ratio  of compulsory motor third party liability insurance (CMTPL) in Armenia increased on average from 62.9% in the first quarter of 2018 to 64.5%  in the first quarter of 2019 (without deduction of reserves), and  according to the Bureau of Auto Insurers - from 71.1% to 73.7% (after  deduction of reserves).

>>>
Head of Ministry of Emergency Situations doubts effectiveness and  justification of anti-hail stations and calls for thinking about  introduction of agricultural insurance
 Friday, April 19 2019 14:30

ArmInfo. The Minister of Emergency Situations of Armenia, Feliks Tsolakyan, calls for concentrating not on anti-hail stations, but on networks and insurance of agricultural  risks in the fight against hail. He stated this on April 19 at a press conference.

>>>
RA Ministry of Agriculture: Agricultural loans under the state  subsidy program are available at a rate of 5%, and 3% for farmers`  cooperatives 
 Thursday, March 14 2019 13:45

ArmInfo. As part of the state program of subsidizing agroloans, for beneficiaries loans are available at an interest rate of 5%. Moreover, if farmers unite into  cooperatives, the rate for this state program will be 3%.

>>>
Italian insurance broker Bruno Sforni may take up agricultural  insurance in Armenia
 Wednesday, March 6 2019 20:26

ArmInfo. First Deputy Minister of  Agriculture of Armenia received Bruno Sforni, Executive Director of  the Italian reinsurance brokerage company Bruno Sforni  S.p.A.According to the press service of the Ministry of Agriculture,  Bruno Sforni presented in detail the activities of the company he  headed, in particular, experience in the field of insurance of  agricultural risks.  He expressed interest in participating in the  program of introducing agro-insurance in the Republic of Armenia and  readiness to contribute, in particular, by providing consulting,  exchanging experience, and also implementing risk reinsurance in the  agricultural sphere. 

>>>
Pilot agricultural risk insurance program launched in Armenia for the  first time
 Thursday, February 28 2019 13:50

ArmInfo. For the first time in Armenia, pilot agricultural risk insurance program has been launched. On February 28, after the government meeting, answering the question  of ArmInfo, the First Deputy Minister of Agriculture of Armenia Gegham Gevorgyan said.

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Rosgosstrakh Armenia "retains leadership among insurance companies in  the list of major taxpayers in Armenia
 Thursday, February 14 2019 17:07

ArmInfo. Following the results of 2018, the insurance sector of Armenia paid taxes of 2.3 billion drams, which is 14.8% less than a year ago. Of this amount,  91.3% or 2.1 billion drams was paid on direct taxes (including income  tax and profit tax). According to the RA State Revenue Committee,  according to the results of 2018, all 6 insurance companies operating  in the market were included in the list of the top 1000 taxpayers in  Armenia.

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Agricultural insurance system introduced in Armenia for the first  time
 Thursday, February 14 2019 11:48

ArmInfo.An agricultural risk insurance system is introduced for the first time in Armenia.

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In Armenia, growth of corporate insurance prevails over retail
 Tuesday, February 12 2019 19:00

ArmInfo.  The share of retail  insurance in the portfolios of premiums of Armenian insurers by the  end of 2018 was 51.8% (21.3 billion drams), corporate - 48.2% (19.7  billion drams).

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Introduction of mandatory component accelerates growth of fees and  payments for health insurance
 Tuesday, February 12 2019 14:47

ArmInfo. In 2018, the Armenian  insurers reimbursed 22.8 billion drams or $ 47.1 million in different  classes (figures are from IC portfolio portfolios according to the  standards of the Central Bank of Armenia). During the reporting year,  reimbursement of insurers increased by 28.4%, against 24.9% growth  for 2017. At the same time, the insurance premiums of the Armenian  insurance companies recorded an y-o-y growth of 17.4% - up to 41.02  billion drams or $ 84.8 million, against 6.2% growth for 2017.

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Growth of premiums for 2018 has accelerated in insurance market of  Armenia, but still yields to  increase in payments
 Tuesday, February 12 2019 12:44

ArmInfo. In the insurance market of Armenia, the growth of premiums for 2018 has accelerated, but so far it is inferior to the growth of payments - 17.6% against  25.3%, the same trend was observed in 2017 with more significant gap  - 5.7% against 30.4%.

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Financial rating  of ArmInfo: Total net profit of insurance companies  of Armenia continues to sink
 Monday, February 11 2019 18:42

ArmInfo. The total net profit  of insurance companies of Armenia for 2018 declined by 67.6% (against  a decline of 58% in 2017), making 226.3 million drams or $ 0.5  million the growth of insurance claims from 24.9% to 28.4%, with a  moderate rise in insurance premiums - by 17.4% against 6.2% a year  earlier. On an annualized basis (2018 by 2017), a decrease in profits  was observed in five insurance companies, two of which reduced the  positive indicator by 6.5-54%, and three were at a loss, and one of  them moved down from the positive level, and only Nairi Insurance has  managed to increase profits.

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ArmInfo: In Armenia, the loss ratio for medical insurance increased  in 2018 to 67%
 Monday, February 11 2019 15:15

ArmInfo. In Armenia, with the  process of phased introduction of compulsory health insurance the  loss ratio in the general class of medical insurance increased in  2018 on average in the market to 67%, against 55.8% in 2017.

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Starting from March 2019, a pilot program of agricultural risks  insurance will be launched in 5 regions of Armenia 
 Thursday, January 31 2019 15:36

ArmInfo.From March 2019, a pilot program of agricultural risks insurance will be launched in 5 regions of Armenia. Answering the question of ArmInfo, Armenian Deputy Minister of Agriculture Gegham Gevorgyan said this on January 31 after a  government meeting.

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Insurance company "Nairi Insurance" continues to work in normal mode
 Thursday, January 24 2019 17:09

ArmInfo.The report of the State Revenue Committee of Armenia published on January 21 may be misinterpreted and may cause some concerns from customers, partners  and the general public, in connection with which the insurance  company Nairi Insurance officially announces the continuation of its  activities in normal mode.

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Monthly insurance payments to Universal Health Insurance Fund,  Armenia, may be 2-3% of salary of working citizens
 Wednesday, January 23 2019 14:36

ArmInfo. From 2021, a phased introduction of the compulsory health insurance system will begin in Armenia. On this, answering the question of ArmInfo, on January 23,  Healthcare Minister Arsen Torosyan said at a press conference. At the  same time, Torosyan abstained from indicating the period when all  citizens of Armenia will become the beneficiaries of a comprehensive,  as the Minister called, medical insurance system.

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Armenian Motor Insurers` Bureau: The loss ratio for MTPL increased in  2018 from 65% to 72.5%
 Saturday, January 19 2019 16:27

ArmInfo.The MTPL unprofitability ratio increased in 2018 from 65% to 72.5%. This is  evidenced by the data of the Armenian Motor Insurers' Bureau.   According to the Bureau, as of January 1, 2019, there are 508297  vehicles in Armenia with MTPL contract, with a y-o-y increase of  10459 units or 2.1%, against an increase of a year ago by 29710 units  or 6.4%. Of the total number of vehicles with MTPL-contract, 25.23%  covers Rosgosstrakh Armenia, 23.44% - Nairi Insurance, 22.34% - INGO  Armenia, 12.29% - Sil Insurance, 8.53% - Armenia Insurance and 8.17%  - RESO.

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Expert: In the CTP system, modernization of approaches with  subsequent liberalization of the market will not lead to problems and  a global increase in tariffs
 Friday, January 18 2019 20:29

ArmInfo. In the OSAGO system, modernization of approaches with the subsequent liberalization of the market will not lead to problems and a global increase in tariffs.   On January 18, Tigran Keyan, Chairman of the Association of Motor  Insurers of Armenia, member of the Council of the Bureau of Motor  Insurers of Armenia, said during a press conference."Global problems  should not be expected. 

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According to the results of the EIAA in 2018, a significant increase  in indicators was registered
 Thursday, January 10 2019 10:33

ArmInfo.According to the results of the activities of the Export Insurance Agency of Armenia (EIAA), in 2018 a significant increase in indicators was registered.  This was reported by the press service of the Agency.

>>>


Exchange rates
14.06.2019
RUB7.430.03
USD478.40-0.14
EUR539.06-1.21
GBP605.13-1.18
CAD358.73-0.62
JPY44.210.08
CNY69.40-0.02
CHF480.51-1.31


Experts
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
The Armenian delegation to the US followed the advice of President TrumpThe Armenian delegation to the US followed the advice of President Trump
Outflow of population and passivity of the Diaspora pushes property prices downOutflow of population and passivity of the Diaspora pushes property prices down
Finombudsman: Amendments to the Civil Code on the imposition of fines and penalties will reduce the number of outstanding loans and  non-creditworthy consumersFinombudsman: Amendments to the Civil Code on the imposition of fines and penalties will reduce the number of outstanding loans and non-creditworthy consumers

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
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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
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
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%
The updated feasibility study of construction project of electricity transmission line Armenia- Georgia will be ready by the end of the year - the Ministry of EnergyThe updated feasibility study of construction project of electricity transmission line Armenia- Georgia will be ready by the end of the year - the Ministry of Energy
Eurasian Development Bank wishes to expand its activities in ArmeniaEurasian Development Bank wishes to expand its activities in Armenia
$ 100 million to be invested in repatriation project Build Armenia$ 100 million to be invested in repatriation project Build Armenia
FRV: Armenia`s growing desire to increase renewable energy sources is  a decisive factorFRV: Armenia`s growing desire to increase renewable energy sources is a decisive factor
Suren Papikyan: It`s safe now to do business in Armenia, assures  Armenian MinisterSuren Papikyan: It`s safe now to do business in Armenia, assures  Armenian Minister
Armenian state debt started reducing up to $6.7 bln to June 1 2018Armenian state debt started reducing up to $6.7 bln to June 1 2018