AFD, ADB to allocate 100mln Euro, 100mln US dollars respectively to  support Armenia`s budget

 Friday, December 9 2022 14:09:00
AFD, ADB to allocate 100mln Euro, 100mln US dollars respectively to  support Armenia`s budget

ArmInfo.As part of a joint budget assistance program based on the Fiscal Stability and Financial Markets Development Program Policy, two loan agreements were signed  yesterday at the Finance Ministry of Armenia: a 100mln Euro loan  agreement between Armenia and the French Development Agency (AFD)  (two-tier) and a 100mln US dollar loan agreement between Armenia and  the Asian Development Bank. 

Share of national debt in Armenia`s GDP to lower next year 
 Friday, December 9 2022 14:08

ArmInfo.The share of the national debt in Armenia's GDP is expected to be 50.1%, Armenia's Deputy Minister of Finance stated in Parliament on December 9. 

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Fitch Ratings reaffirmed Ardshinbank at `B+`, upgrading outlook to Stable
 Friday, December 9 2022 12:10

ArmInfo.Fitch Ratings, an international credit rating agency, affirmed Ardshinbank’s Long-Term Issuer Default Rating at B+, upgrading Outlook to Stable from Negative. Fitch has also affirmed the bank’s Viability Rating at 'b+'.

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EDB implementing $100mln projects in Armenia
 Friday, December 9 2022 11:28

ArmInfo.This year, the Eurasian Development Bank (EDB) has launched projects worth a total of $100mln in Armenia, Denis Ilin, Vice Chairman of the EDB  Management Board, stated at the 8th mass media contest Eurasian  Integration and Development. 

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Minister: AMD 273 billion to be allocated from Armenia`s state budget  to pay interest rates in 2023
 Wednesday, December 7 2022 15:07

ArmInfo. 273 billion drams will be allocated from the state budget of Armenia to pay interest rates on attracted loans in 2023. RA Minister of Finance Tigran  Khachatryan announced this on December 7 at the plenary session of  the RA National Assembly.

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Ardshinbank has extended the campaign for issuing a digital card for 1 dram
 Tuesday, December 6 2022 15:41

ArmInfo.Ardshinbank has extended the campaign for the issuance of Visa Digital payment cards until December 17. Until this date, residents of the Republic of Armenia can order a digital card through the Ardshinbank mobile application for only AMD 1. Note that digital cards are issued online and can be ordered through the mobile application without visiting the bank.

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AMD 4․653․223 to "Aren Mehrabyan" foundation: beneficiary of "The Power of One Dram" for December is the Health Fund for Children of Armenia
 Friday, December 2 2022 11:17

ArmInfo.At the end of November, IDBank and Idram summed up the results of the next program of “The Power of one dram” initiative. The entire amount collected during this month will be transferred to the Aren Mehrabyan Charitable Foundation.

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Ardshinbank holds a campaign 10000 AMD for every 300th client making a money transfer
 Thursday, December 1 2022 12:23

ArmInfo.From December 1 to December 30, Ardshinbank is holding a campaign for clients using fast money transfer systems. As part of the campaign, bank will pay a bonus of AMD 10000 right on the spot to every 300th client who sends or receives a transfer through any of the fast money transfer systems.

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On December 1, Ameriabank to start initial placement of next tranche  of USD bonds in amount of $10 million
 Wednesday, November 30 2022 18:18

ArmInfo. On December 1, Ameriabank will begin the initial placement of the next tranche dollar  nominal,  coupon-non-documentary bonds with an  issue volume  of $10 million.

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Models of cooperation between public and private sectors are being  developed in Armenia
 Wednesday, November 30 2022 18:16

ArmInfo. Deputy Minister of Education, Science, Culture and Sports of the Republic of Armenia Karen Trchunyan received representatives of the Asian Development  Bank (ADB).  

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Evocabank launches new contactless cashless payment tool- mPOS for  business entities
 Wednesday, November 30 2022 18:01

ArmInfo. Evocabank has launched a new contactless cashless payment tool - mobile POS (mPOS) for simplified and quick receipt of payments by business entities. This  is noted in the message of Evocabank

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Joint Initative of HSBC Bank in Armenia and Jinishian Memorial Foundation (JMF) promotes innovative and sustainable agriculture among the small holder farmers.
 Wednesday, November 30 2022 17:59

ArmInfo.On December 2, the opening ceremony of the joint project  "Skill Building of Rural Farmers for Effective & Innovative Greenhouse Management”  will take place at Yerevan Hall of Holiday Inn Hotel. The total project budget is USD19,780 of which USD14,300 is donated by HSBC Bank Armenia CJSC. JMF has also commited around 100 million AMD to serve as a loan capital for this project.

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Civil Contract nominates Armen Nurbekyan for post of CBA Deputy  Chairman 
 Wednesday, November 30 2022 17:00

ArmInfo.The ruling Civil Contract faction of the National Assembly nominated Armen Nurbekyan for the post of the Deputy Chairman of the Central Bank of the  Republic of Armenia.

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Vahan Kerobyan: Our goal is to bring the volume of investments to 25%  of GDP
 Wednesday, November 30 2022 16:52

ArmInfo.Gross savings (investments) of Armenia by July 2022 rose by 51%. Armenian Minister of Economy Vahan Kerobyan stated this in a conversation with  journalists on the sidelines of an event dedicated to the 15th  anniversary of the Investment Council of Armenia (ICA) in Armenia.

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Ameria PhonePOS.  New application for receiving non-cash payments with a smartphone
 Wednesday, November 30 2022 14:20

ArmInfo.Ameriabank has launched a new tool for contactless non-cash payments - Ameria PhonePOS, enabling the clients to use a smartphone as a POS-terminal and receive payments anywhere in a convenient, fast and reliable manner.

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EDB developed concept for establishing platform on which  multicurrency digital transactions may be carried out - Tigran  Sargsyan
 Wednesday, November 30 2022 14:19

ArmInfo. The task of the Eurasian Development Bank is to provide such digital solutions that would facilitate cross-country foreign exchange transactions in  digital currencies.

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EDB forecasts 4.2% GDP growth in Armenia in 2023 and gradual  devaluation of AMD
 Tuesday, November 29 2022 16:40

ArmInfo. According to the baseline forecast of the EDB, Armenia's GDP in 2023 will increase by 4.2%. 

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Another dollar tranche of bonds from IDBank
 Monday, November 28 2022 17:14

ArmInfo.On November 28, IDBank will issues a new nominal, coupon, non-documentary, non-convertible dollar tranche under the abbreviations AMANLBB2KER0.

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AraratBank acts as an underwriter of National Mortgage Company RCO bonds  
 Monday, November 28 2022 16:09

ArmInfo.National Mortgage Company RCO CJSC is planning to issue and underwrite AMD-denominated coupon bonds on December 6, 2022. ARARATBANK OJSC will act as an underwriter of bonds.

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Converse Bank customer wins Visa campaign
 Friday, November 25 2022 20:38

ArmInfo.Converse Bank customer became the winner of Visa x FIFA World Cup Qatar 2022TM campaign.  He won a ticket to the finals of the FIFA World Cup in live lottery draws and was awarded the prize during the celebration of the 20th Anniversary of Visa in Armenia “courtesy of Visa.”

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AraratBank launches Google Pay for its card users
 Friday, November 25 2022 12:11

ArmInfo.Starting today, AraratBank will support Google Pay, enabling cardholders to take advantage of simple and secure contactless payments and digital card storage on both Android and WearOS devices.

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News
Putin: Russia remains Armenia`s leading trade and economic partnerPutin: Russia remains Armenia`s leading trade and economic partner
Hakob Arshakyan: Despite advanced growth of high technologies,  level  of their use remains at  low levelHakob Arshakyan: Despite advanced growth of high technologies,  level  of their use remains at  low level
Pashinyan announces launch of new financial support mechanism for  industrial cooperation in EAEUPashinyan announces launch of new financial support mechanism for  industrial cooperation in EAEU
EDB Head: This year we have actively developed our portfolio in  ArmeniaEDB Head: This year we have actively developed our portfolio in  Armenia
AFD, ADB to allocate 100mln Euro, 100mln US dollars respectively to  support Armenia`s budgetAFD, ADB to allocate 100mln Euro, 100mln US dollars respectively to  support Armenia`s budget
Share of national debt in Armenia`s GDP to lower next year Share of national debt in Armenia`s GDP to lower next year 
Fitch Ratings reaffirmed Ardshinbank at `B+`, upgrading outlook to StableFitch Ratings reaffirmed Ardshinbank at `B+`, upgrading outlook to Stable
EDB planning more projects in Armenia next year EDB planning more projects in Armenia next year 
EDB implementing $100mln projects in ArmeniaEDB implementing $100mln projects in Armenia
Ministry of Economy expects Armenia`s GDP to grow by 14%Ministry of Economy expects Armenia`s GDP to grow by 14%
Air cargo transportation between Turkey and Armenia will start by the  end of 2022, media reports sayAir cargo transportation between Turkey and Armenia will start by the  end of 2022, media reports say
Minister: AMD 273 billion to be allocated from Armenia`s state budget  to pay interest rates in 2023Minister: AMD 273 billion to be allocated from Armenia`s state budget  to pay interest rates in 2023
Armenian-Iranian trade needs boosting - official Armenian-Iranian trade needs boosting - official 
Ardshinbank has extended the campaign for issuing a digital card for 1 dramArdshinbank has extended the campaign for issuing a digital card for 1 dram
Growth of Armenia`s economic activity to 14.5% in 10 months was  accompanied by increase in exports and importsGrowth of Armenia`s economic activity to 14.5% in 10 months was  accompanied by increase in exports and imports
Unprecedented offer from FLYONE ARMENIA: Beirut, Dubai, Tel Aviv for  only 89 eurosUnprecedented offer from FLYONE ARMENIA: Beirut, Dubai, Tel Aviv for  only 89 euros
Over a half of Armenia`s population live in  communities actively  involved in  CoM East projectOver a half of Armenia`s population live in  communities actively  involved in  CoM East project
Armenia`s transport infrastructure yet unprepared for new geoeconomic  configuration - Vahe Davtyan Armenia`s transport infrastructure yet unprepared for new geoeconomic  configuration - Vahe Davtyan 
AMD 4․653․223 to AMD 4․653․223 to "Aren Mehrabyan" foundation: beneficiary of "The Power of One Dram" for December is the Health Fund for Children of Armenia
Forecast: Without social support, poverty rate in Armenia could rise  to 49%Forecast: Without social support, poverty rate in Armenia could rise  to 49%
PSRC starts process of revising electricity tariffsPSRC starts process of revising electricity tariffs
Poverty rate in Armenia in 2021 increased by 0.1% compared to 2019Poverty rate in Armenia in 2021 increased by 0.1% compared to 2019
Armenia`s government to support IT sector Armenia`s government to support IT sector 
Ardshinbank holds a campaign 10000 AMD for every 300th client making a money transferArdshinbank holds a campaign 10000 AMD for every 300th client making a money transfer
Armenia`s share in UNECE programmes 22%Armenia`s share in UNECE programmes 22%
EU to issue 33mln EUR grant to Armenia EU to issue 33mln EUR grant to Armenia 
Nikol Pashinyan: Introduction of  universal income declaration system  will have significant anti-corruption effectNikol Pashinyan: Introduction of  universal income declaration system  will have significant anti-corruption effect
On December 1, Ameriabank to start initial placement of next tranche  of USD bonds in amount of $10 millionOn December 1, Ameriabank to start initial placement of next tranche  of USD bonds in amount of $10 million
Models of cooperation between public and private sectors are being  developed in ArmeniaModels of cooperation between public and private sectors are being  developed in Armenia
Evocabank launches new contactless cashless payment tool- mPOS for  business entitiesEvocabank launches new contactless cashless payment tool- mPOS for  business entities
Joint Initative of HSBC Bank in Armenia and Jinishian Memorial Foundation (JMF) promotes innovative and sustainable agriculture among the small holder farmers.Joint Initative of HSBC Bank in Armenia and Jinishian Memorial Foundation (JMF) promotes innovative and sustainable agriculture among the small holder farmers.
Civil Contract nominates Armen Nurbekyan for post of CBA Deputy  Chairman Civil Contract nominates Armen Nurbekyan for post of CBA Deputy  Chairman 
Economy Ministry to provide Economy Ministry to provide "oxygen" for IT companies working with  international market 
Party: Draft state budget of Artsakh for 2023 does not reflect  internal and external realities Party: Draft state budget of Artsakh for 2023 does not reflect  internal and external realities
Mher Grigoryan noted key importance of programs implemented jointly  with EBRD Mher Grigoryan noted key importance of programs implemented jointly  with EBRD 
Vahan Kerobyan: Our goal is to bring the volume of investments to 25%  of GDPVahan Kerobyan: Our goal is to bring the volume of investments to 25%  of GDP
Ameria PhonePOS.  New application for receiving non-cash payments with a smartphoneAmeria PhonePOS.  New application for receiving non-cash payments with a smartphone
EDB developed concept for establishing platform on which  multicurrency digital transactions may be carried out - Tigran  SargsyanEDB developed concept for establishing platform on which  multicurrency digital transactions may be carried out - Tigran  Sargsyan
EDB announces 2nd contest of digital technologiesEDB announces 2nd contest of digital technologies
Economy Ministry to support IT companies affected by dram  appreciationEconomy Ministry to support IT companies affected by dram  appreciation
Expert: There are a lot of random people in the tourism sector of  Armenia todayExpert: There are a lot of random people in the tourism sector of  Armenia today
Incomplete fulfillment of capital expenditures indicates a lack of  professionalism - EconomistIncomplete fulfillment of capital expenditures indicates a lack of  professionalism - Economist
EDB forecasts 4.2% GDP growth in Armenia in 2023 and gradual  devaluation of AMDEDB forecasts 4.2% GDP growth in Armenia in 2023 and gradual  devaluation of AMD
Sporadic construction of solar power plants could undermine Armenia`s  food security - expertSporadic construction of solar power plants could undermine Armenia`s  food security - expert
ADB to help Armenia develop wind energyADB to help Armenia develop wind energy
US considers granting Armenia market economy statusUS considers granting Armenia market economy status
Another dollar tranche of bonds from IDBankAnother dollar tranche of bonds from IDBank
Tourists arriving in Armenia faced difficulties due to cashless  payment requirements - MPTourists arriving in Armenia faced difficulties due to cashless  payment requirements - MP
Armenia`s tax authorities on peculiarities of taxation when renting  apartmentArmenia`s tax authorities on peculiarities of taxation when renting  apartment
AraratBank acts as an underwriter of National Mortgage Company RCO bonds  AraratBank acts as an underwriter of National Mortgage Company RCO bonds  
Converse Bank customer wins Visa campaignConverse Bank customer wins Visa campaign
Armenia`s economy recovered quickly after `September shock` - Vahan  KerobyanArmenia`s economy recovered quickly after `September shock` - Vahan  Kerobyan
AraratBank launches Google Pay for its card usersAraratBank launches Google Pay for its card users
Goods imported to Armenia to be liable to excise taxGoods imported to Armenia to be liable to excise tax
Armenia`s national debt in terms of figures not essential - Armenia`s  premier Armenia`s national debt in terms of figures not essential - Armenia`s  premier 
French Development Agency to open permanent office in YerevanFrench Development Agency to open permanent office in Yerevan
Proposed reform to introduce system of mandatory universal income  declaration system for all resident citizens in Armenia cannot ensure  achievement of the declared goals: Tigran JrbashyanProposed reform to introduce system of mandatory universal income  declaration system for all resident citizens in Armenia cannot ensure  achievement of the declared goals: Tigran Jrbashyan
IDBank  “MalatiaIDBank  “Malatia" branch now more comfortable and modern
Largest mining company in Armenia presents its first ESG reportLargest mining company in Armenia presents its first ESG report
It is already possible to make payments with IDBank cards via Apple PayIt is already possible to make payments with IDBank cards via Apple Pay
Read more


Exchange rates
09.12.2022
RUB6.330.01
USD395.300.15
EUR417.562.18
GBP484.723.70
CAD290.190.77
JPY29.060.19
CNY56.810.04
CHF424.014.22


Experts
Armenia`s transport infrastructure yet unprepared for new geoeconomic  configuration - Vahe Davtyan Armenia`s transport infrastructure yet unprepared for new geoeconomic  configuration - Vahe Davtyan 
Sporadic construction of solar power plants could undermine Armenia`s  food security - expertSporadic construction of solar power plants could undermine Armenia`s  food security - expert
Armenia`s economy is unhealthy: Economist offers ways to solve  existing problemsArmenia`s economy is unhealthy: Economist offers ways to solve  existing problems
Read more

Commented
Armenia`s economy is unhealthy: Economist offers ways to solve  existing problemsArmenia`s economy is unhealthy: Economist offers ways to solve  existing problems
Instead of investing in science, which is the only competitive  advantage of Armenia, the Armenian authorities finance the security  forces - EconomistInstead of investing in science, which is the only competitive  advantage of Armenia, the Armenian authorities finance the security  forces - Economist
How long will the drama with rising dram last? - Haykaz FanyanHow long will the drama with rising dram last? - Haykaz Fanyan
Inflation in Armenia is a social catastrophe: EconomistInflation in Armenia is a social catastrophe: Economist

Company bonds
UCO CJSC "GLOBAL CREDIT"1
UCO CJSC "GLOBAL CREDIT"3
UCO CJSC "GLOBAL CREDIT"4
UCO CJSC "GLOBAL CREDIT"5
UCO CJSC "GLOBAL CREDIT"7
"National Mortgage Company"2A
"National Mortgage Company"2B
UCO CJSC “FINCA” 1
UCO CJSC “FINCA” 2