The Power of One Dram to "Moonk" technoschool

 Friday, September 6 2024 17:48:03
The Power of One Dram to

ArmInfo.The beneficiary of "The Power of One Dram" in August was Aren Mehrabyan Foundation. AMD 4,135,630 was transferred to the fund by Idram and IDBank in order to support households with pasture problems in Noyemberyan community of Tavush marz.

An interdepartmental commission to support investment programs to be  established in Armenia
 Friday, September 6 2024 16:25

ArmInfo.An interagency commission will be formed in Armenia to support investment programs.  The decision to establish the commission was signed by RA Prime Minister Nikol Pashinyan.

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Armenia`s external debt growing since July 2024
 Friday, September 6 2024 16:21

ArmInfo. Armenia's public debt growth rate has decreased from 13.8% to 8% annually, surpassing $12.3  billion (4.8 trillion drams) by August. This was due to a shift in  the trend of external debt growth from 4.1% to a 6% decline and a  slowdown in the increase of domestic debt from 31.2% to 24.5%.

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Transfers` inflow to Armenia continues to decline
 Thursday, September 5 2024 17:12

ArmInfo.The net inflow of private transfers to Armenia in January-July 2024 accelerated in an  annual decline from 8.7% to 26.4%. In absolute figures it decreased from $1.03 billion to $758.7 million. Additionally, for non-commercial transfers, the decline in net inflow accelerated from 33% to 47%, dropping from $575.6 million to $306.1 million. The share of the latter in the total net inflow decreased over the year from 56% to 40% compared to 76% in 2022.

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All non-public funds to be accountable to Armenia`s CB 
 Thursday, September 5 2024 14:51

ArmInfo.In Armenia, all non-public and non-state funds will be subject to the requirements of  the Central Bank. The RA government approved amendments to the law "On Investment Funds" and a package of related laws at a meeting on September 5.

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Armenian broker Invia Investments to provide access to trading on ITS
 Wednesday, September 4 2024 18:03

ArmInfo.Armenian broker Invia Investments has obtained a license from the Astana International Financial Centre (AIFC) and completed all necessary procedures to connect to the international trading platform ITS. This will soon enable Invia Investments to provide its clients in Armenia with access to trading some of the most liquid global stocks available on ITS.

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Electric Networks of Armenia to invest AMD 296bln in upgrading grid  system by 2026
 Wednesday, September 4 2024 17:03

ArmInfo.By 2036, Electric Networks of Armenia CJSC will invest 296 billion drams in the  modernization of the grid system. This was announced at a press conference on September 4 by the company's CEO Karen Harutyunyan.

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Armenia`s international reserves go down  $3.411 bln
 Tuesday, September 3 2024 16:44

ArmInfo.Armenia's gross international reserves (GIR) decreased by 17.3% annually, or $715  million by August 2024 reaching to $3.411 billion. A year earlier, there was an increase of 16.3% or $580 million.

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Armenia`s finance minister on state of economy at end of first half  of 2024 
 Monday, September 2 2024 17:20

ArmInfo.Economic activity in Armenia remains at a fairly high level. This was stated by the RA Minister of Finance Vahe Hovhannisyan on September 2 at a meeting of the parliamentary committee on financial and budgetary issues, presenting the execution of the state budget for January-June of this year. 

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No problems with redemption of 2nd tranche of $500mln sovereign bonds  next year - finance minister 
 Monday, September 2 2024 17:18

ArmInfo. In 2025, Armenia will have to repay a little more than $300 million out of the $500 million  issued in 2015. I think we will not have problems with this. This was stated by the RA Minister of Finance Vahe Hovhannisyan on September 2 at a meeting of the parliamentary committee on financial and  budgetary issues, presenting the execution of the state budget for January-June of this year. 

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AraratBank: Conquering Aragats to Empower War Veterans through Education
 Monday, September 2 2024 13:24

ArmInfo.Days ago, the third charitable ascent to the southern peak of Aragats by the 4090 Charitable Foundation took place. The main sponsor of the event was AraratBank.

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Ardshinbank received necessary approvals for acquiring HSBC Armenia
 Tuesday, August 27 2024 17:30

ArmInfo.At the meeting on 27th of August this year, the Board of the Central Bank of the Republic of Armenia granted its preliminary approval for Ardshinbank CJSC to acquire 75% or more of direct significant stake in HSBC Bank Armenia. Prior to this, on 6th of June the Commission for the Protection of Competition also approved the concentration of Ardshinbank and HSBC Bank Armenia.

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Incredibly long: Rocket Line 0% now for 12 months
 Tuesday, August 27 2024 16:01

ArmInfo.Have you ever thought how cool it would be if the Rocket Line 0% installment plan was longer? What are you waiting for? Rocket Line 0% is available for 12 months!

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2024 budget performance at risk - Luys Foundation 
 Tuesday, August 27 2024 12:43

ArmInfo. If the trends of the first half of the year regarding the non- fulfillment of budget  expenditure and revenue items continue, the execution of the 2024 state budget will be at risk, and it is possible that this will lead to budget sequestration. 

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Junius: A Financial Literacy Game in the Idram Junior App
 Friday, August 23 2024 18:04

ArmInfo.The Idram Junior app just got even more exciting: now you can play a financial literacy game directly within the app. Moreover, through this game, you can prepare for the financial education competition Junius, organized by the financial app Idram Junior and the educational program Koreez.

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AraratBank cardholders to start the academic year with nice gifts
 Wednesday, August 21 2024 13:43

ArmInfo.AraratBank announces the launch of the campaign under the slogan "Back to School with AraratBank" to help the Bank's cardholders prepare for the new academic year and offer an opportunity to win nice prizes.

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Further growth in USD transactions in Armenia`s interbank foreign exchange market Aug 12 to 16
 Saturday, August 17 2024 10:50

ArmInfo. August 12 to 16, 2024, USD transactions showed an accelerating growth, with EUR and RUB transactions showing a downward trend in Armenia's interbank foreign exchange market. Four USD and four RUB transactions were effected during the period under review, with only one EUR transaction effected.

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New IDBank Branch in the City of Hrazdan
 Thursday, August 15 2024 19:13

ArmInfoIDBank is pleased to announce the opening of a new branch, this time in the city of Hrazdan. The Bank has once again opened its doors to clients in this vibrant location.

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Armenian CB circulates new banknotes
 Thursday, August 15 2024 12:06

ArmInfo. Starting from August 15 this year, the Central Bank of Armenia will put into circulation the transformed 5,000 and 10,000 dram banknotes of the 2024 issue. This was noted in the press release of the Central Bank of the Republic of Armenia.

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IDBank and Idram at the "Horizon" Camp: The Power of One Dram
 Wednesday, August 14 2024 16:12

ArmInfo.On August 7, employees of IDBank and Idram visited the "Horizon" camp organized by the "Powerful Mind" NGO in the village of Marmarik, Kotayk region. The camp's main sponsor, “The Power of One Dram" initiative, directed the funds collected in June, totaling AMD 4,046,161, to support the camp. Thanks to this contribution, approximately 100 young people aged 14 to 19 from the regions, as well as from Artsakh and Javakhk, had the opportunity to develop their leadership skills, interact with experts, and establish valuable connections.

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AMX, ADX sign memorandum of understanding
 Tuesday, August 13 2024 14:38

ArmInfo. The Armenian Securities  Exchange (AMX) and the Abu Dhabi Securities Exchange (ADX) signed a  memorandum of understanding aimed at establishing mutually beneficial  cooperation and strengthening strategic partnership. The document was  signed on August 13 by AMX CEO Hayk Yeganyan and Abu Dhabi Securities  Exchange Group CEO Abdul Salem Al Nuami.  ADX Chief Operating Officer  Saker Aslan was also present at the signing of the memorandum. This  was noted in the press release of the Armenian Securities Exchange.

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The Power of One Dram to The Power of One Dram to "Moonk" technoschool
An interdepartmental commission to support investment programs to be  established in ArmeniaAn interdepartmental commission to support investment programs to be  established in Armenia
Armenia`s external debt growing since July 2024Armenia`s external debt growing since July 2024
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06.09.2024
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