Joint Project of HSBC Group and Orran Benevolent Organisation Supports 200 Young People in Regions to Get Jobs and Start their Business

 Monday, October 18 2021 16:29:00
Joint Project of HSBC Group and Orran Benevolent Organisation Supports 200 Young People in Regions to Get Jobs and Start their Business

ArmInfo.On 1 October 2021, a two-year project titled "Skillful Youth for Community Development", funded by the HSBC Group and to be implemented by the Orran Benevolent Non-Governmental Organisation, was officially launched. The total budget of the project is USD111,000 of which USD100,200 is donated by the HSBC Group.

Make payments via Idram in online stores, get free delivery or a cashback and take part in the draw
 Saturday, October 16 2021 09:26

ArmInfo.If you like to pay through Idram when shopping from online stores, or are just going to make your first payment, then this news will definitely make you happy. In the period from October 14 to 28 of this year, make Idram payments in online stores and get great surprises - free delivery or a cashback.

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Interest rates on loans and deposits have grown
 Friday, October 15 2021 16:52

ArmInfo. In the banking sector of Armenia, interest rates have gone up since August 2021, but so far the prices for loans are more noticeable than deposits, which  increased the margin of active-passive operations to 5.5-6% from  4.5-5% a year earlier.

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S&P Improved the Outlook on Ameriabank to Positive 
 Wednesday, October 13 2021 22:03

ArmInfo. S&P Global Ratings improved the outlook on Ameriabank, revising it to positive from stable and affirmed 'B+/B' long- and short-term issuer credit rating  on the bank., the press service of the Bank told ArmInfo. 

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Global Finance Names Ameriabank the Safest Bank in Armenia
 Tuesday, October 12 2021 21:11

ArmInfo.Global Finance names Ameriabank as the Safest Bank in Armenia for 2021 in its 30th annual ranking of the World’s Safest Banks, which honors institutions that stand out for strength and resilience.

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Global Finance names AraratBank the Best Sub-Custodian Bank in Armenia
 Tuesday, October 12 2021 12:49

ArmInfo.AraratBank has been named the Best Sub-Custodian Bank in Armenia by the professional team of Global Finance renowned magazine.

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Draft state budget: In 2022, Armenia will increase its national debt  by another $ 1.053 billion - to about $ 10.2 billion
 Friday, October 8 2021 19:07

ArmInfo. By December 31, 2021, Armenia's public debt will amount to 4.509 billion drams (about $ 9.135 billion) or 64.1% of GDP, and by the end of 2022 the figure  will reach 5.029 billion drams (about $ 10.188 billion) or 63.9% of  GDP.

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Head of Central Bank of Armenia met with President of Council of  Ministers of Italy
 Friday, October 8 2021 12:10

ArmInfo. Governor at the Central Bank of Armenia Martin Galstyan, within the framework of the state visit of RA President Armen Sargsyan to Italy, met with the President of the Council of Ministers of Italy Mario Draghi. ArmInfo was  informed about this by the press service of the RA Central Bank.  During the meeting, issues related to the financial sector and the  economy were discussed, the importance of steps to deepen further  cooperation was noted.

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Central Bank of Armenia: Net inflow of transfers from individuals for  8 months of 2021 exceeded the pre- covid volume 2-fold
 Thursday, October 7 2021 19:23

ArmInfo.The net inflow of transfers from individuals in January- August 2021 accelerated the annual growth from 22.2% to 58.2%, amounting to $ 576.3 million and  exceeding the pre-covid period volume 2-fold. To a greater extent,  this is supported by the continuing tangible growth in remittances  from the United States, as well as by the intensification of  transfers from Russia. This is evidenced by the data of the RA  Central Bank.

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Armenian government prepares to issue Diaspora bonds
 Thursday, October 7 2021 19:00

ArmInfo.The Government of Armenia is preparing  to issue debt securities designed for the Armenian Diaspora abroad -  Diaspora bonds. High Commissioner for Diaspora Affairs Zareh Sinanyan  announced this in an interview to Public Radio.

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World Bank`s forecast on GDP growth in Armenia for 2021 turned out to  be more optimistic than the forecast of the Central Bank of Armenia -  6.1% versus 5.4%
 Wednesday, October 6 2021 19:16

ArmInfo. The World Bank improved its forecast for GDP growth in Armenia for 2021 from the previous 3.4% to the updated 6.1%, suggesting, as the economy enters the phase of economic recovery, gradually abandon government support measures  and focus on creating a competitive business environment that is a  key aspect for sustainable recovery, resilience to future crises and  long-term economic growth.

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FAR and HSBC Armenia Joint Project Improves Financial Literacy of 140 Farmers in Tavush Region
 Monday, October 4 2021 17:36

ArmInfo. The joint project of the Fund for Armenian Relief (FAR) and HSBC Bank Armenia cjsc (HSBC Armenia) named "Boosting Responsible Financial Behaviour and Kick Start Business Activism among Rural Population" presented its results on 1 October. The concluding event took place in the Tavush regional administration. Representatives of the project and beneficiaries of the 4  rural communities of the Tavush region participated during the event.

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AraratBank marks its 30th anniversary and the 1st anniversary of its rebranding 
 Monday, October 4 2021 14:09

ArmInfo.On October 2, AraratBank celebrated its 30th anniversary and the 1st anniversary of its rebranding, opting for a team-building format.

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Central Bank of Armenia further lowers its projected unemployment  rate for 2021- up to 15.7%
 Friday, October 1 2021 18:20

ArmInfo. In the new forecast report of the Central Bank of Armenia for 2021, the unemployment rate was reduced to 15.7% from the previous 17.9% (against the actual  18.1% in 2020).  

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Central Bank of Armenia announces issuance of collector coin "30th  Anniversary of Commonwealth of Independent States"
 Friday, October 1 2021 13:57

ArmInfo.On October 1, 2021 the Central Bank of Armenia puts into circulation the silver collector coin "30th Anniversary of Commonwealth of Independent States", the press service of the CBA reports.

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CBA continues to improve its forecast for 2021: GDP growth by 5.4%,  unemployment rate decline to 15.7%, growth of net inflow of transfers  by 23-26%
 Thursday, September 30 2021 19:00

ArmInfo. The Central Bank of Armenia further improved the forecast for GDP growth for 2021 - to 5.4% (from the previous 4.6%), with a slowdown in 2022 to 2.4% and  after accelerating in 2023 to 4.1%. This is stated in the Central  Bank's Monetary Policy Program for Q3 2021, published at the end of  September.

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EBRD provides US$ 5 million for transition of Armenian SMEs to green  technologies
 Thursday, September 30 2021 17:20

ArmInfo. The European Bank for Reconstruction and Development (EBRD) is providing a US$ 5 million financial package to Inecobank in Armenia to facilitate the  private sector's transition to more sustainable, low-carbon and  climate-resilient practices. The project is supported by the European  Union (EU) with 523,000 EUR of grant incentives.

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ARMSWISSBANK was awarded "Leading Partner Bank in Armenia" in 2021 by  ADB in trade finance
 Thursday, September 30 2021 16:33

ArmInfo.ARMSWISSBANK has been awarded "Leading Partner Bank in Armenia" in 2021 by Asian Development Bank (ADB) based on previous year trade finance results.  The award is the result of the Bank's year-over-year effective  cooperation with ADB within the scope of trade finance program.

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"Amundi-ACBA Asset Management" company will allocate 10 thousand  euros to study the strategy of introducing a social housing system in  Armenia
 Tuesday, September 28 2021 20:11

ArmInfo."Amundi-ACBA Asset Management" company and the RA Ministry of Labor and Social Affairs signed a memorandum of cooperation. As noted in the message of the  company, within the framework of cooperation "Amundi-ACBA Asset  Management" from its profits will provide 10 thousand euros for the  study of the strategy of introducing a social housing system in  Armenia.

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A Success Story - Green Energy
 Tuesday, September 28 2021 17:03

ArmInfo.“Optimum Energy was founded in 2013. The company is engaged in the construction of solar stations, and we also have our own solar stations.

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CBA Governor delivered speech at "Central Banking in a Post-COVID  Economic World" online conference 
 Tuesday, September 28 2021 12:38

ArmInfo.Governor of the Central Bank of Armenia Martin Galstyan took part in an online high-level international research conference organized by the Central  Bank of the Philippines. As the press service of the Central Bank of  Armenia told ArmInfo today, at the "Central Banking in a Post-COVID  Economic World" online conference held on September 27, the head of  the Central Bank of Armenia delivered speech on topic of new monetary  policy era for emerging markets. 

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News
Dmitry Volvach: Russia is investing over $ 1 billion in the Armenian  economyDmitry Volvach: Russia is investing over $ 1 billion in the Armenian  economy
Minister: Development of decentralized interregional cooperation is a  priority task of the Armenian governmentMinister: Development of decentralized interregional cooperation is a  priority task of the Armenian government
Is it realistic to maintain the current gas price? Deputy Prime  Minister of Armenia explained Is it realistic to maintain the current gas price? Deputy Prime  Minister of Armenia explained 
RA Economy Minister discussed Armenia`s investment potential with  U.S. Ambassador RA Economy Minister discussed Armenia`s investment potential with  U.S. Ambassador 
Armenia and Russia have developed common approaches to attracting  investmentArmenia and Russia have developed common approaches to attracting  investment
32nd energy charter conference ministerial meeting to be held in  Yerevan32nd energy charter conference ministerial meeting to be held in  Yerevan
For 9 months of 2021, public debt of Armenia increased by $ 1.069  billionFor 9 months of 2021, public debt of Armenia increased by $ 1.069  billion
Joint Project of HSBC Group and Orran Benevolent Organisation Supports 200 Young People in Regions to Get Jobs and Start their BusinessJoint Project of HSBC Group and Orran Benevolent Organisation Supports 200 Young People in Regions to Get Jobs and Start their Business
Armenian NPP connected to RA unified power grid since October 17Armenian NPP connected to RA unified power grid since October 17
Leadership of SRC of Armenia will be sent to MoscowLeadership of SRC of Armenia will be sent to Moscow
Russia`s trade representative: Armenian market is traditionally attractive for RussiaRussia`s trade representative: Armenian market is traditionally attractive for Russia
5th meeting of Armenian-Czech Intergovernmental Commission on  Economic Cooperation held in Yerevan5th meeting of Armenian-Czech Intergovernmental Commission on  Economic Cooperation held in Yerevan
Make payments via Idram in online stores, get free delivery or a cashback and take part in the drawMake payments via Idram in online stores, get free delivery or a cashback and take part in the draw
Interest rates on loans and deposits have grownInterest rates on loans and deposits have grown
In Moscow, Suren Papikyan discussed issues related to In Moscow, Suren Papikyan discussed issues related to "North-South  Power Corridor" and construction of a new nuclear power unit in  Armenia 
Armenian Minister of Economy received Deputy Minister of Industry and  Trade of Czech RepublicArmenian Minister of Economy received Deputy Minister of Industry and  Trade of Czech Republic
Issue of feasibility of creating institution of business ombudsman is  being discussed at RA Economy Ministry Issue of feasibility of creating institution of business ombudsman is  being discussed at RA Economy Ministry 
Armenia is ready to cooperate in developing common approach to  protect EAEU internal market in case of pressure from third partiesArmenia is ready to cooperate in developing common approach to  protect EAEU internal market in case of pressure from third parties
Armenian government approves draft decision on increasing ANIF  authorized capitalArmenian government approves draft decision on increasing ANIF  authorized capital
Pashinyan: Formation of the common energy market of the EAEU is a  prerequisite for the full realization of the potential of economic  integrationPashinyan: Formation of the common energy market of the EAEU is a  prerequisite for the full realization of the potential of economic  integration
Official supplier of furniture for shops of number of world brands  and a pharmaceutical company received tax incentive from RA  Government Official supplier of furniture for shops of number of world brands  and a pharmaceutical company received tax incentive from RA  Government 
Water users will be reimbursed for rent for irrigation water for a  period of 5 years in the event of the introduction of drip irrigation  systems on an area of up to 3 hectaresWater users will be reimbursed for rent for irrigation water for a  period of 5 years in the event of the introduction of drip irrigation  systems on an area of up to 3 hectares
RA Minister of Economy did not rule out that Standard & Poor`s would assign credit rating to RA Minister of Economy did not rule out that Standard & Poor`s would assign credit rating to "Export Insurance Agency of Armenia" CJSC
S&P Improved the Outlook on Ameriabank to Positive S&P Improved the Outlook on Ameriabank to Positive 
S&P improves forecast for 2021 on Real GDP Growth in Armenia to 6.3%S&P improves forecast for 2021 on Real GDP Growth in Armenia to 6.3%
Expert: Building a 600 MW reactor would be the most appropriate  option for ArmeniaExpert: Building a 600 MW reactor would be the most appropriate  option for Armenia
Expert: It is reasonable to use stock exchanges for the formation of  market-based gas prices Expert: It is reasonable to use stock exchanges for the formation of  market-based gas prices 
Head of Ministry of Territorial Administration got acquainted with  work of  Agarak Copper-Molybdenum CombineHead of Ministry of Territorial Administration got acquainted with  work of  Agarak Copper-Molybdenum Combine
IMF stands ready to assist Government of Armenia in implementing its  ambitious reform agendaIMF stands ready to assist Government of Armenia in implementing its  ambitious reform agenda
Standard & Poor`s assigns sovereign rating to Armenia for the first  timeStandard & Poor`s assigns sovereign rating to Armenia for the first  time
Global Finance Names Ameriabank the Safest Bank in ArmeniaGlobal Finance Names Ameriabank the Safest Bank in Armenia
Revenue of the trade sector of Armenia for 8 months of 2021 exceeded  $ 4 billionRevenue of the trade sector of Armenia for 8 months of 2021 exceeded  $ 4 billion
Armenia will allocate more for military spending in 2022 than in  2021, but less than for servicing and paying off government debtArmenia will allocate more for military spending in 2022 than in  2021, but less than for servicing and paying off government debt
Armenia and Poland intend to intensify cooperation between startups  of two countriesArmenia and Poland intend to intensify cooperation between startups  of two countries
Global Finance names AraratBank the Best Sub-Custodian Bank in ArmeniaGlobal Finance names AraratBank the Best Sub-Custodian Bank in Armenia
Armenian government delegation to take part in Russian Energy WeekArmenian government delegation to take part in Russian Energy Week
Armenia participates in Europe`s largest trade fair for food within  EU4Business initiativeArmenia participates in Europe`s largest trade fair for food within  EU4Business initiative
Ambassador: Sweden welcomes the readiness of the Armenian government  to carry out systemic reformsAmbassador: Sweden welcomes the readiness of the Armenian government  to carry out systemic reforms
Gnel Sanosyan and Kishan Dan Dewal discussed the North-South  investment program and the possibilities of the Iranian port of  ChabaharGnel Sanosyan and Kishan Dan Dewal discussed the North-South  investment program and the possibilities of the Iranian port of  Chabahar
EIB stands ready to support the efforts of the Armenian government to  improve the business environmentEIB stands ready to support the efforts of the Armenian government to  improve the business environment
Minister of Economy took part in opening of PanArmenian Expo 2021  12th International Exhibition- ForumMinister of Economy took part in opening of PanArmenian Expo 2021  12th International Exhibition- Forum
Ambassador: Economic cooperation between Armenia and Slovenia does  not correspond to the existing potentialAmbassador: Economic cooperation between Armenia and Slovenia does  not correspond to the existing potential
Draft state budget: In 2022, Armenia will increase its national debt  by another $ 1.053 billion - to about $ 10.2 billionDraft state budget: In 2022, Armenia will increase its national debt  by another $ 1.053 billion - to about $ 10.2 billion
ANIF starts cooperation with Italian Intesa Sanpaolo group ANIF starts cooperation with Italian Intesa Sanpaolo group 
Tigran Khachatryan and Carolin Geginat discussed prospects of  cooperation between  RA Government and World BankTigran Khachatryan and Carolin Geginat discussed prospects of  cooperation between  RA Government and World Bank
Production of brandy became leader in terms of volume in Armenia`s  alcoholic industry, and whiskey production is leader in terms of  growth ratesProduction of brandy became leader in terms of volume in Armenia`s  alcoholic industry, and whiskey production is leader in terms of  growth rates
Freight and passenger transportation reaches double-digit growth  in ArmeniaFreight and passenger transportation reaches double-digit growth  in Armenia
Telecommunications revenue in Armenia increased by 4.8% in 8 months  of 2021Telecommunications revenue in Armenia increased by 4.8% in 8 months  of 2021
Head of Central Bank of Armenia met with President of Council of  Ministers of ItalyHead of Central Bank of Armenia met with President of Council of  Ministers of Italy
Central Bank of Armenia: Net inflow of transfers from individuals for  8 months of 2021 exceeded the pre- covid volume 2-foldCentral Bank of Armenia: Net inflow of transfers from individuals for  8 months of 2021 exceeded the pre- covid volume 2-fold
Armenian government prepares to issue Diaspora bondsArmenian government prepares to issue Diaspora bonds
Armenia`s metallurgical industry reaches double-digit growthArmenia`s metallurgical industry reaches double-digit growth
Pashinyan: The state will participate in all the promising investment  programs of GeoProMining in ArmeniaPashinyan: The state will participate in all the promising investment  programs of GeoProMining in Armenia
Armenia`s foreign trade with EU countries reaches double-digit growthArmenia`s foreign trade with EU countries reaches double-digit growth
Armenia`s foreign trade with EAEU countries intensifies at a rapid  paceArmenia`s foreign trade with EAEU countries intensifies at a rapid  pace
Armenia reduced production of aluminum foil by 3.9% in 8 monthsArmenia reduced production of aluminum foil by 3.9% in 8 months
Aram Sargsyan: The key to Armenia`s development is universal  diversificationAram Sargsyan: The key to Armenia`s development is universal  diversification
World Bank`s forecast on GDP growth in Armenia for 2021 turned out to  be more optimistic than the forecast of the Central Bank of Armenia -  6.1% versus 5.4%World Bank`s forecast on GDP growth in Armenia for 2021 turned out to  be more optimistic than the forecast of the Central Bank of Armenia -  6.1% versus 5.4%
In Armenia, y-o-y inflation in September 2021 reached 8.9% due to  increase in food pricesIn Armenia, y-o-y inflation in September 2021 reached 8.9% due to  increase in food prices
Ruling faction advocates gradual abolition of income tax refund  system on mortgage loans in YerevanRuling faction advocates gradual abolition of income tax refund  system on mortgage loans in Yerevan
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19.10.2021
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