Education is the basis of a strong state: IDBank and Russian-Armenian University announced cooperation

 Friday, July 30 2021 13:31:03
Education is the basis of a strong state: IDBank and Russian-Armenian University announced cooperation

ArmInfo.The Institute of Economics and Business of the Russian-Armenian University and IDBank signed a memorandum of cooperation, within the framework of which, with the support of the Bank, the master's educational program "Data Analytics" will be developed and implemented.

Converse Bank has completed the placement of corporate bonds
 Thursday, July 29 2021 11:20

ArmInfo.We are pleased to announce that Converse Bank has completed the 12th and 13th tranches of bond placement two months ahead of schedule. For the first time, bonds were distributed through the Converse Bank’s mobile application.

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Managing Director of Japan Bank for International Cooperation is  ready to visit Armenia to get acquainted with cooperation  opportunities
 Tuesday, July 27 2021 18:09

ArmInfo. President of Armenia Armen Sarkissian, who is on a working visit to Japan, met with CEO / Executive Managing Director of the Japan Bank for International  Cooperation (JBIC) Tadashi Maeda. 

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In H1, 2021 Armenian banks transferred to the state treasury USD 60.6  million taxes with a 19.4% y-o-y growth 
 Tuesday, July 27 2021 16:17

ArmInfo.In the first half of 2021, the banking system of Armenia sent over 30 billion drams or $ 60.6 million to the state treasury through taxes, which is 19.4% more  than a year ago. Of this amount, over 85.9% or 25.8 billion drams was  paid under direct taxes (including income tax and tax on profit),  with an increase of 13.4% over the year. According to the data of the  RA State Revenue Committee, in the total volume of payments of 1000  large taxpayers in Armenia, 17 banks account for 5.1%.

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ACBA Bank: USD 5 million will be allocated to development of Green  Economy in Armenia
 Tuesday, July 27 2021 11:33

ArmInfo. As a result of cooperation between ACBA Bank, ACBA Leasing and the GEFF (Green Economy Financing) program of the European Bank for Reconstruction  and Development (EBRD), USD 5 million will be directed to the  development of a green economy in Armenia through financing business  projects in the field of energy conservation, climate adaptation and  renewable energy.

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Ameriabank is the leading taxpayer among Armenian banks in the first  half of 2021
 Tuesday, July 27 2021 11:28

ArmInfo. Ameriabank is the leading taxpayer among Armenian banks in the first half of 2021. As noted in the message of the bank, this is evidenced by the data of the State  Revenue Committee of the Republic of Armenia.

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Armenia`s foreign trade deficit reduced in June 2021 by 20.2% per  annum
 Monday, July 26 2021 17:06

ArmInfo.An impressive growth in exports with a moderate growth of imports reduced the foreign trade deficit of Armenia in January-June 2021 by 11.4% per annum (against a decline of 20.1% a year earlier, with a decline in imports by 12.9%  and exports by 6.5%).

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US State Department Investment Review: The financial sector in  Armenia is not highly developed
 Friday, July 23 2021 20:00

ArmInfo.. The banking system in Armenia is sound and  well-regulated, but the financial sector is not highly developed,  according to investors. Banking sector assets account for over 80  percent of total financial sector assets. This is stated in the  published report of the US State Department on the investment climate  in Armenia for 2021.

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Updated RA Law "On Combating Money Laundering and Financing of  Terrorism" will enter into force on July 26
 Friday, July 23 2021 15:09

ArmInfo. The updated RA Law "On Combating Money Laundering and Financing of Terrorism" will enter into force on July 26 this year. ArmInfo was informed about this in  the press service of the Central Bank of Armenia, explaining that the  law on amendments and additions to the Law on Combating Money  Laundering and Financing of Terrorism was fully adopted on June 30 at  an extraordinary session of the RA National Assembly, and published  on July 16 this year. 

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Ameriabank receives Euromoney Euromoney Award for Excellence 2021 as  the Best Bank in Armenia
 Thursday, July 15 2021 19:10

ArmInfo.Ameriabank receives Euromoney Award for Excellence 2021 as the Best  Bank in Armenia. As ArmInfo was told in the press service of  Ameriabank, the Bank is honored to receive this reputable award given  the significantly improved profitability, robust growth, strategic  relationships and commitment to enhancement of its digital channels.   The Bank receives this recognition for the 8th time already over the  last ten years. 

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IDBank`s Visa Digital card: another key to online and contactless payments
 Tuesday, July 13 2021 15:12

ArmInfo.IDBank, purposefully continuing the active development of digital banking culture, launched the Visa Digital card. Now the client can get a full-fledged virtual bank card Visa Digital through the Idram&IDBank mobile application, IDBanking.am and Idram digital platforms, without visiting the office, which becomes even more convenient due to the possibility of obtaining a credit line.

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In H1 2021, Armenia`s international reserves increased by 18.7%  amounting to $ 3.1 billion
 Monday, July 12 2021 17:33

ArmInfo. In H1 2021, Armenia's gross international reserves increased by 18.7% or by $ 488.6 million, amounting to $ 3.104 billion, as evidenced by the data of  the Central Bank of Armenia. Of these, the lion's share - $ 3.091  billion - falls on foreign assets in hard currency, and the share of  SDR in the IMF amounted to $ 13.3 million. According to the  regulator's report, for H1 this year, foreign assets in hard currency  increased by 18.6%, while the share of SDR in the IMF increased by  48%.

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CBA: Net inflow of transfers from individuals increased by 89% per  annum in Jan-May 2021 
 Sunday, July 11 2021 11:23

ArmInfo. The net inflow of transfers from individuals in January-May 2021, increased by 89% per annum (from a 23.4% decline a year earlier) - to $ 281.5 million,  which is largely supported by the continuing multiply increase in  remittances from the United States. This is evidenced by the data of  the RA Central Bank.

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High growth of mortgage portfolio supports the loan activity of  banking system
 Saturday, July 10 2021 11:13

ArmInfo.The high growth of the mortgage portfolio by June 2021 by 37.2% per annum to 544.2 billion drams ($ 1.05 billion) supported the loan portfolio of the Armenian  banking system in 6.4% growth, exceeding the absolute value of 3.6  trillion drams ($ 6.9 billion). The growth of mortgages increased its  share in the total loan portfolio of banks from 11.7% last year to  the current 15.1%. This is evidenced by the data of the RA Central  Bank.

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Card to card transfer campaign for Converse Bank Visa cardholders in a new format
 Friday, July 9 2021 21:58

ArmInfo.Converse Bank continues its card-to-card transfer campaign with Visa International Payment System in a different format. Within the framework of the campaign, until 31.07.2021 inclusively, 10 cardholders who made or received the highest number of card-to-card transfers using from VISA payment cards, including those issued outside Armenia, will receive 2 tickets to Yerevan Park.

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IDBank joined the fulfillment of children`s dreams
 Thursday, July 8 2021 21:04

ArmInfo.On June 4-6, within the framework of the “Bigidream” project of “The Armenian exists” public organization, a children's educational, entertaining, competitive music festival was held, which brought together smart, strong, creative children from Artsakh and Armenia. By filling out the relevant application and sharing it on social networks, children participate in the competition and present their dreams.

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Moodys revised the Outlook on Ameriabank to Stable
 Wednesday, July 7 2021 17:51

ArmInfo.Moody's Investors Service ("Moody's") has affirmed the Ba3 long-term local and foreign currency deposit ratings of Ameriabank, revising the outlook to Stable from Negative.

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Success story- Outdoor training workouts: emerging new culture
 Wednesday, July 7 2021 17:42

ArmInfo.Every week, the Armenian Federation of Street Workout organizes outdoor workouts for residents of communities where professional workout areas exist. According to Arthur Harutyunyan, Head of the Federation, the goal is to popularize healthy lifestyle and form a new culture.

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AraratBank and FMO unlock funding for underserved entrepreneurs
 Tuesday, July 6 2021 17:31

ArmInfo.FMO and AraratBank today announce the signing of a USD 10mln NASIRA loan portfolio guarantee. This innovative risk sharing program will make it easier for AraratBank to provide funding to youth, migrant, women and COVID-19 affected entrepreneurs, as losses on the loan portfolio will be carried by both parties. 

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Become a Converse Bank Visa Cardholder on preferential terms
 Friday, July 2 2021 17:17

ArmInfo.Converse Bank offers to become the Bank's Visa Classic, Visa Gold, Visa Business and Visa Platinum cardholder by July 31 and use the reduced 50% annual service fee for the entire term of the card. At the customer's request, the family member will also be provided with a card attached to Visa Classic, Visa Gold or Visa Platinum free of charge, depending on the type of the customer's main card.

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World Bank, at the request of RA Ministry of Finance, extended  cancellation of additional interest payments on number of loans to  Armenia for one more year
 Friday, July 2 2021 12:28

ArmInfo.The International Development Association (IDA, a credit organization belonging to the World Bank Group) has prolonged the earlier decision to cancel the  application of an additional interest rate (1.7% per annum) for a  number of loans provided to Armenia for another year.

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News
Education is the basis of a strong state: IDBank and Russian-Armenian University announced cooperationEducation is the basis of a strong state: IDBank and Russian-Armenian University announced cooperation
"Texas Production" knitting company received tax incentive from  Government within framework of investment program in amount of about  1 billion drams 
Armenian government satisfied application of Armenian government satisfied application of "GINAP" LLC for  exemption from import customs duties on imported technological  equipment
Governor: Sotk mine will be exploited again when safety issues are  resolved  Governor: Sotk mine will be exploited again when safety issues are  resolved  
 About $ 60 million will be invested in a new ski resort in the  Aragatsotn region of Armenia. About $ 60 million will be invested in a new ski resort in the  Aragatsotn region of Armenia.
Converse Bank has completed the placement of corporate bondsConverse Bank has completed the placement of corporate bonds
Armenian government to identify obstacles to launching Armoil  petrochemical plant in Kotayk regionArmenian government to identify obstacles to launching Armoil  petrochemical plant in Kotayk region
Fundraising for the start of construction of the airport UAV named  after Karen Vardanyan has been completedFundraising for the start of construction of the airport UAV named  after Karen Vardanyan has been completed
TOP-5 large taxpayers of Armenia reduced tax payments in the first  half of the yearTOP-5 large taxpayers of Armenia reduced tax payments in the first  half of the year
Managing Director of Japan Bank for International Cooperation is  ready to visit Armenia to get acquainted with cooperation  opportunitiesManaging Director of Japan Bank for International Cooperation is  ready to visit Armenia to get acquainted with cooperation  opportunities
In H1, 2021 Armenian banks transferred to the state treasury USD 60.6  million taxes with a 19.4% y-o-y growth In H1, 2021 Armenian banks transferred to the state treasury USD 60.6  million taxes with a 19.4% y-o-y growth 
Telecommunications operators of Armenia reduced tax payments to the  state budget by 12.8% in H1, 2021Telecommunications operators of Armenia reduced tax payments to the  state budget by 12.8% in H1, 2021
Delegation of Armenian Economy Ministry is in Georgia to discuss the  possibilities of expanding cooperation in the trade and economic  fieldsDelegation of Armenian Economy Ministry is in Georgia to discuss the  possibilities of expanding cooperation in the trade and economic  fields
ANIF Head: New Law on Public-Private Partnership has become an  important step towards stimulating investment in ArmeniaANIF Head: New Law on Public-Private Partnership has become an  important step towards stimulating investment in Armenia
French experts proposed mechanisms for identifying and analyzing  risks to improve the process of tax audits in ArmeniaFrench experts proposed mechanisms for identifying and analyzing  risks to improve the process of tax audits in Armenia
In H1 2021, ARMENAL plant produced 16.9 thousand tons of productsIn H1 2021, ARMENAL plant produced 16.9 thousand tons of products
 ACBA Bank: USD 5 million will be allocated to development of Green  Economy in Armenia ACBA Bank: USD 5 million will be allocated to development of Green  Economy in Armenia
Ameriabank is the leading taxpayer among Armenian banks in the first  half of 2021Ameriabank is the leading taxpayer among Armenian banks in the first  half of 2021
Armenia`s foreign trade deficit reduced in June 2021 by 20.2% per  annumArmenia`s foreign trade deficit reduced in June 2021 by 20.2% per  annum
Growth of economic activity accelerates in ArmeniaGrowth of economic activity accelerates in Armenia
Armenia intends to expand cooperation with leadership of Iran`s  Social Security Investment CompanyArmenia intends to expand cooperation with leadership of Iran`s  Social Security Investment Company
Clarification of State Revenue Committee about new advantages of  obtaining  certificate of  law-abiding taxpayerClarification of State Revenue Committee about new advantages of  obtaining  certificate of  law-abiding taxpayer
1000 large taxpayers of Armenia paid about $ 1.2 billion to the state  budget in H1, 2021: Defense Ministry apparatus is the third on the  list 1000 large taxpayers of Armenia paid about $ 1.2 billion to the state  budget in H1, 2021: Defense Ministry apparatus is the third on the  list 
US State Department Investment Review: The financial sector in  Armenia is not highly developedUS State Department Investment Review: The financial sector in  Armenia is not highly developed
Government of Armenia discussed agricultural programs implemented  with support of stateGovernment of Armenia discussed agricultural programs implemented  with support of state
Updated RA Law Updated RA Law "On Combating Money Laundering and Financing of  Terrorism" will enter into force on July 26
Armenian Regulator excludes cartel agreement in liquefied gas marketArmenian Regulator excludes cartel agreement in liquefied gas market
Tax revenues of the Armenian state treasury as of July 20 amounted to  865.2 billion AMD with an annual indicator of 1 trillion 510 billion  AMDTax revenues of the Armenian state treasury as of July 20 amounted to  865.2 billion AMD with an annual indicator of 1 trillion 510 billion  AMD
Armenian Ambassador to the Czech Republic held talks with the  leadership of Armenian Ambassador to the Czech Republic held talks with the  leadership of "CzechInvest"
Agricultural land sales remain high in the regions of ArmeniaAgricultural land sales remain high in the regions of Armenia
Deputy Minister of Economy and Russia`s Ambassador discussed  development of the Armenian-Russian strategic, trade and investment  cooperation Deputy Minister of Economy and Russia`s Ambassador discussed  development of the Armenian-Russian strategic, trade and investment  cooperation 
Resident of FEZ Resident of FEZ "Alliance" LLC "Arides" intends to expand activities  in the field of electronics and precision engineering
The trend of monthly growth in apartment prices in Yerevan continuesThe trend of monthly growth in apartment prices in Yerevan continues
It was a joke: Armenian Minister of Economy on his call to It was a joke: Armenian Minister of Economy on his call to "detain"  labor migrants
Armenian government allocated about $ 17.8 million for overhaul of  roads with length of 50.7 kmArmenian government allocated about $ 17.8 million for overhaul of  roads with length of 50.7 km
Armenian authorities will fight against tax Armenian authorities will fight against tax "parasites"
Issues of implementation of a number of investment programs discussed  in the Armenian governmentIssues of implementation of a number of investment programs discussed  in the Armenian government
Best specialists of nuclear industry started annealing reactor vessel  metal of Armenian NPPBest specialists of nuclear industry started annealing reactor vessel  metal of Armenian NPP
Armenia will explore space with Russian partnersArmenia will explore space with Russian partners
Vahan Kerobyan: Armenia`s labor market has set a new recordVahan Kerobyan: Armenia`s labor market has set a new record
Papikyan announces investments in Gyumri in amount of about $ 8.5  millionPapikyan announces investments in Gyumri in amount of about $ 8.5  million
As part of 2025 strategy, EAEU will develop a concept for  implementation of principles of green economyAs part of 2025 strategy, EAEU will develop a concept for  implementation of principles of green economy
EEC supported  draft roadmap for formation of common market for  organic agricultural productsEEC supported  draft roadmap for formation of common market for  organic agricultural products
For 5 months of 2021, the mutual trade of the EAEU member states  increased by 33%For 5 months of 2021, the mutual trade of the EAEU member states  increased by 33%
SRC of Armenia reports on the next record in the number of jobsSRC of Armenia reports on the next record in the number of jobs
Electronic system of Electronic system of "single window" in the field of foreign trade  will be launched by the end of 2021
Deputy Minister of Economy of Armenia sent on an official trip to  Russia to discuss issues of bilateral trade and economic cooperationDeputy Minister of Economy of Armenia sent on an official trip to  Russia to discuss issues of bilateral trade and economic cooperation
Revazyan: After the formation of a national air carrier, Armenia will  appeal to Europe with a request, as an exception, to allow access to  the Revazyan: After the formation of a national air carrier, Armenia will  appeal to Europe with a request, as an exception, to allow access to  the "European sky"
Life on loan: In six months, Armenia`s public debt grew by $ 901  million - up to $ 8 billion 869 millionLife on loan: In six months, Armenia`s public debt grew by $ 901  million - up to $ 8 billion 869 million
Armenia considers possibility of canceling excise tax for winemakersArmenia considers possibility of canceling excise tax for winemakers
Armenian customs officers with Iranian colleagues discussed  modernization of Meghri checkpointArmenian customs officers with Iranian colleagues discussed  modernization of Meghri checkpoint
Government together with KfW, EIB and EU will allocate 81 million  euros to ensure water supply in several regions of ArmeniaGovernment together with KfW, EIB and EU will allocate 81 million  euros to ensure water supply in several regions of Armenia
Nikol Pashinyan visited Nikol Pashinyan visited "Saranist" glass production company and got  acquainted with activities of new brandy factory
The next vector of ANIF activities is to provide support to water and  waste management systemsThe next vector of ANIF activities is to provide support to water and  waste management systems
With formation of national air carrier and increase in passenger  traffic, issue of expanding Zvartnots airport may ariseWith formation of national air carrier and increase in passenger  traffic, issue of expanding Zvartnots airport may arise
Ameriabank receives Euromoney Euromoney Award for Excellence 2021 as  the Best Bank in ArmeniaAmeriabank receives Euromoney Euromoney Award for Excellence 2021 as  the Best Bank in Armenia
The largest aviation concern in Europe - Lufthansa enters the  Armenian marketThe largest aviation concern in Europe - Lufthansa enters the  Armenian market
National air carrier to be established in Armenia within the  framework of the agreement with Air ArabiaNational air carrier to be established in Armenia within the  framework of the agreement with Air Arabia
Vahan Kerobyan once again found it realistic to end 2021 with  economic growth of 10-11%Vahan Kerobyan once again found it realistic to end 2021 with  economic growth of 10-11%
EU to allocate 600 million euros for the construction of the southern  section of the North-South highwayEU to allocate 600 million euros for the construction of the southern  section of the North-South highway
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