Up to 10% cashback from GetTransfer with IDBank cards

 Friday, April 19 2024 19:12:01
Up to 10% cashback from GetTransfer with IDBank cards

ArmInfo.Starting from April 1, 2024, IDBank clients who make their booking on the GetTransfer online platform and mobile application and pay with IDBank cards will receive an exclusive cashback.

Ardshinbank Redirects New Year Celebratory Funds to Support Families from Artsakh
 Tuesday, December 26 2023 17:08

ArmInfo. Ardshinbank has announced a decision to opt out of traditional New Year corporate celebrations. Instead, the bank will redirect the earmarked funds towards assisting one hundred families from Artsakh who have faced displacement.

>>>
On December 18-22, on Armenia`s foreign exchange interbank market USD transactions increased, while RUB ones decreased
 Saturday, December 23 2023 11:13

ArmInfo. From December 18 to 22, the increase in dollar transactions in the RA foreign exchange interbank was accompanied by a decrease in ruble transactions, parallel to which, after a two-week absence, euro transactions resumed. Thus, the weekly trend in dollar transactions turned from a 36% decline towards 68.2% growth, while the dynamics of ruble transactions turned in the opposite direction - from a 5.8-fold increase towards 83.2% recession. As a result, dollar transactions began to dominate again, prevailing 9.3-fold over ruble transactions and 16.5-fold over euro transactions.

>>>
Electric Networks of Armenia enters capital market with unprecedented bond issue; Underwriter is Ameriabank
 Tuesday, December 19 2023 14:53

ArmInfo. "Electric Networks  of Armenia" (ENA) CJSC entered the capital market with an  unprecedented issue of bonds in the amount of 32 billion drams. As  part of this tranche, 320 thousand bonds were issued, each with a  nominal value of 100 thousand drams, with a coupon yield of 11.4%, a  circulation period of 3 years, and the frequency of coupon payments  every six months. The underwriter and market maker is Ameriabank. ENA  CEO Karen Harutyunyan announced to journalists during a briefing on  December 18 on the sidelines of an official event dedicated to the  issue.

>>>
Money continues to rapidly flow out of Armenia through transfers,  while growth of inflow stopped sharply
 Friday, December 15 2023 21:58

ArmInfo. The outflow of private transfers from Armenia continues to grow significantly, while  the growth of inflows has sharply stopped.

>>>
EDB treats Amulsar project in Armenia very carefully and cautiously -  EDB official
 Thursday, December 14 2023 11:17

ArmInfo.The Eurasian Development Bank (EDB) treats the Amulsar project in Armenia very  carefully and cautiously. Denis Ilyin, Deputy Chairman of the EDB Board, stated this on December 14 in Almaty, summing up the results of the Bank's year of activity.

>>>
Yerevan to host the first investment forum "Armenia`s capital  markets: looking into the future"
 Thursday, December 14 2023 10:56

ArmInfo. Yerevan will host the first investment forum "Armenia's capital markets: looking into  the future", March 5, 2004, Freedom Broker, organizer of the forum, reports. 

>>>
How Ameriabank continued to deliver success amid the volatility of the global markets
 Wednesday, December 13 2023 19:27

ArmInfo.Ameriabank CEO Artak Hanesyan’s interview with Global Finance magazine

>>>
Moodys upgrades IDBanks long-term deposit ratings to B1 and changes outlook to stable from positive
 Wednesday, December 13 2023 19:23

ArmInfo.Moody's Investors Service ("Moody's") has today upgraded IDBank's long-term local and foreign currency bank deposit ratings to B1 from B2 and changed the outlook on these ratings to stable from positive.

>>>
Telecom Armenia OJSC lists its shares on Armenia Securities  Exchange|AMX
 Tuesday, December 12 2023 20:46

ArmInfo. Shares of the largest telecommunications operator in Armenia, Telecom Armenia OJSC, have  undergone the listing procedure on the Armenia Securities Exchange|AMX .

>>>
CBA improves GDP growth forecast for 2023 from 7.2% to 8.3% and from  5.6% to 6.1% for 2024
 Tuesday, December 12 2023 18:36

ArmInfo.The Central Bank of Armenia has once again improved its  GDP growth forecast for 2023 -  from the previous 7.2% to an updated 8.3%. At the same time, thechief bank revised its GDP expectations for 2024 - towards higher growth of 6.1% (against the previously forecasted 5.6%). Governor of the Central Bank of the Republic of Armenia Martin Galstyan stated on December 12 during a press conference regarding the next reduction in the refinancing rate from 9.5% to 9.25%.

>>>
Ardshinbank facilitates Armenian publication of Erin Meyer`s bestseller "The Culture Map" for business expansion  
 Tuesday, December 12 2023 16:35

ArmInfo.On December 11, the Alexander Hotel hosted the presentation of “The Cultural Map” by Erin Meyer, a professor at INSEAD International Business School in Paris and an expert in intercultural management. Translated into Armenian and published by Newmag with Ardshinbank’s initiative and financial backing, the event featured insights into the author's creative journey.

>>>
Armenian CB reduces refinancing rate to 9.2%
 Tuesday, December 12 2023 14:56

ArmInfo. The Central Bank of Armenia reduced the refinancing rate by another 0.25 percentage points - from 9.5% to 9.225%. This is the fifth decrease this year, after two years of increase with reaching a historical maximum of 10.75% at the end of 2022 and maintaining this level until June 13 of this year, when the first decrease of 0.25 percentage points took place.

>>>
Armenia`s authorities expect national debt at 47% of GDP by end of  2023 
 Tuesday, December 12 2023 12:41

ArmInfo. The Armenian authorities expect that by the end of 2023, the share of public debt  in the country's GDP will be 47% instead of the previously predicted figure of 49%, Armenia's Deputy Minister of Finance of Armenia Eduard Hakobyan stated in Parliament. 

>>>
Armenia to borrow EUR 50mln from OPEC Fund for International  Development
 Tuesday, December 12 2023 12:40

ArmInfo.Armenia plans to borrow EUR 50mln from the OPEC Fund for International Development.  Armenia's Parliament has ratified an agreement with the Fund. 

>>>
AraratBank Named Armenia’s Best Sub-Custodian Bank by Global Finance
 Friday, December 8 2023 19:48

ArmInfo.For the third year in a row, AraratBank was recognized as the Best Sub-Custodian Bank in Armenia by the professional team of the premium international magazine Global Finance.

>>>
Armenia`s gross international reserves have fallen from their  historical high since October 2023
 Friday, December 8 2023 15:48

ArmInfo. Armenia's gross international reserves (GIR) since October have fallen from their historical high of $4.2 billion in the previous two months. Thus, the GIR having decreased by 8.5% or $353 million in October 2023 (versus a 3% decline in October 2022), amounted to $3.813 billion. In parallel with this, a y-o-y growth slowed down - from 13.5% to 5% (or by $179.7 million in October 2023 compared to October 2022).

>>>
The Power of One Dram to the Health Fund for Children of Armenia
 Thursday, December 7 2023 15:22

ArmInfo.Idram and IDBank sum up the results of the November program of the “The Power of One Dram” initiative.

>>>
Armswissbank participates in the 28th un climate change conference (cop 28)
 Wednesday, December 6 2023 11:20

ArmInfo.From December 3 to 8 of this year, Director of the Business Development Department, Deputy CEO of ARMSWISCBANK CJSC Ara Makaryan is participating in the 28th UN Climate Change Conference (COP 28) in the UAE with the RA delegation.

>>>
Armenia`s Parliament discussing final version of 2024 draft budget
 Wednesday, December 6 2023 11:04

ArmInfo.Armenia's Parliament is discussing the final version of the 2024 draft budget. 

>>>
EDB, UNIDO strengthen cooperation in Central Asia and Armenia
 Monday, December 4 2023 17:44

ArmInfo. On the sidelines of the 20th session of the United Nations Industrial Development Organization (UNIDO) General Conference, UNIDO and the Eurasian Development Bank (EDB) reaffirmed their commitment to jointly promote sustainable industrial growth in Central Asia in a Joint Declaration  signed by Gerd Muller, Director General of UNIDO, and Nikolay Podguzov, Chairman of the Management Board of the EDB.

>>>

News
Up to 10% cashback from GetTransfer with IDBank cardsUp to 10% cashback from GetTransfer with IDBank cards
South Africa expresses interest in developing cooperation with  Armenia in jewelry and cutting industry South Africa expresses interest in developing cooperation with  Armenia in jewelry and cutting industry 
Armenia, UAE discuss possibilities of increasing mutual trade volumesArmenia, UAE discuss possibilities of increasing mutual trade volumes
Yerevan is trying to demonstrate to its Anglo-Saxon `bosses` its  readiness to reduce economic cooperation with Iran - political  scientistYerevan is trying to demonstrate to its Anglo-Saxon `bosses` its  readiness to reduce economic cooperation with Iran - political  scientist
KfW stands ready to support Armenian government  in implementation of  new projectsKfW stands ready to support Armenian government  in implementation of  new projects
Cooperation with German Fichtner company discussed Cooperation with German Fichtner company discussed 
Armenia, China can record much greater results both in economic and  political dialogue and cultural cooperation - MPArmenia, China can record much greater results both in economic and  political dialogue and cultural cooperation - MP
U.S. capital important for Armenia`s mining industryU.S. capital important for Armenia`s mining industry
Expert: When there is no trust between private and public sectors,  unfortunately, there is no need to talk about right decisionsExpert: When there is no trust between private and public sectors,  unfortunately, there is no need to talk about right decisions
Armenia introduces new rules for labeling carbonated, non-carbonated  watersArmenia introduces new rules for labeling carbonated, non-carbonated  waters
Arsen Bazikyan: Armenia`s agriculture is transforming into  agribusinessArsen Bazikyan: Armenia`s agriculture is transforming into  agribusiness
Armenia to join e-CMR protocolArmenia to join e-CMR protocol
Armenia`s government changes Kaps reservoir project funding Armenia`s government changes Kaps reservoir project funding 
Armenian FM, minister of economy of Saudi Arabia discuss development  of economic ties Armenian FM, minister of economy of Saudi Arabia discuss development  of economic ties 
IMF upgrades Armenia`s GDP growth forecast for 2024 from 5% to 6%,  expecting inflation at 3.1% and unemployment at 13%IMF upgrades Armenia`s GDP growth forecast for 2024 from 5% to 6%,  expecting inflation at 3.1% and unemployment at 13%
Armenia`s Deputy PM, Veolia Vice President discuss problems with  water supply to consumers Armenia`s Deputy PM, Veolia Vice President discuss problems with  water supply to consumers 
EEC Board decided to liberalize certain categories of precious  metals` import/exportEEC Board decided to liberalize certain categories of precious  metals` import/export
Earthquakes, drought could affect Armenia`s debt sustainability -  EFSDEarthquakes, drought could affect Armenia`s debt sustainability -  EFSD
Converse Bank starts initial placement of next AMD, USD bonds in  amount of AMD 5 billion, $10 millionConverse Bank starts initial placement of next AMD, USD bonds in  amount of AMD 5 billion, $10 million
USAID releases fact sheet following Joint EU-US-Armenia High Level  Meeting in Support of Armenia USAID releases fact sheet following Joint EU-US-Armenia High Level  Meeting in Support of Armenia 
Expert: Armenia has the potential to get high-quality and abundant  harvest of apricots this yearExpert: Armenia has the potential to get high-quality and abundant  harvest of apricots this year
EFSD presents assessment of potential impact of natural disasters on  debt sustainability of Armenia, Kyrgyzstan and TajikistanEFSD presents assessment of potential impact of natural disasters on  debt sustainability of Armenia, Kyrgyzstan and Tajikistan
Armenia is considering appointing attache in Silicon ValleyArmenia is considering appointing attache in Silicon Valley
Astana proposes joint investment programmes in Yerevan Astana proposes joint investment programmes in Yerevan 
Armenia, Kazakhstan have unrealized economic potential - premier Armenia, Kazakhstan have unrealized economic potential - premier 
Armenia, EU discuss expansion of economic cooperation Armenia, EU discuss expansion of economic cooperation 
Transavia airline starts operating route Lyon-Yerevan-LyonTransavia airline starts operating route Lyon-Yerevan-Lyon
EAEU and its economic principles should not be mixed with political  ambitions - Nikol PashinyanEAEU and its economic principles should not be mixed with political  ambitions - Nikol Pashinyan
Armenia, Australia to strengthen cooperation in high-tech field Armenia, Australia to strengthen cooperation in high-tech field 
Leasing EXPO -2024 officially opened in YerevanLeasing EXPO -2024 officially opened in Yerevan
Araratbank to double leasing portfolio by end of 2024Araratbank to double leasing portfolio by end of 2024
Armenian, Kazakh passenger and cargo carriers to be exempted from  road and environmental taxes on reciprocal basis Armenian, Kazakh passenger and cargo carriers to be exempted from  road and environmental taxes on reciprocal basis 
Economy Ministry jointly with Armenal, develop schemes to diversify  sales markets for enterprise`s productsEconomy Ministry jointly with Armenal, develop schemes to diversify  sales markets for enterprise`s products
Info about IT specialists leaving Armenia en masse has nothing to do  with reality - premierInfo about IT specialists leaving Armenia en masse has nothing to do  with reality - premier
WB improves Armenia`s   economic growth forecast for 2024 from 4.7%  to 5.5% WB improves Armenia`s   economic growth forecast for 2024 from 4.7%  to 5.5% 
Government is ready to share risks with agricultural insurersGovernment is ready to share risks with agricultural insurers
EIB to issue loan under energy efficiency programme to Armenia EIB to issue loan under energy efficiency programme to Armenia 
Deadline for filing personal income declarations in Armenia may be  extendedDeadline for filing personal income declarations in Armenia may be  extended
ADB intends to expand its areas of activity in ArmeniaADB intends to expand its areas of activity in Armenia
ADB forecasts 5.7% economic growth for Armenia in 2024ADB forecasts 5.7% economic growth for Armenia in 2024
Conversebank to present its Converse Leasing product at annual  Leasing ExpoConversebank to present its Converse Leasing product at annual  Leasing Expo
By rebranding, INGO Armenia IC begins new stage of developmentBy rebranding, INGO Armenia IC begins new stage of development
Some countries refusal to service Russian Mir bank cards against  common interests - Elvira NabiullinaSome countries refusal to service Russian Mir bank cards against  common interests - Elvira Nabiullina
USAID to invest additional $33mln in Armenia`s economy USAID to invest additional $33mln in Armenia`s economy 
Idplus Bonuses in Idram&IDBank ApplicationIdplus Bonuses in Idram&IDBank Application
Deputy PM: we are ready for any assistance to contribute cargo  aviation establishmentDeputy PM: we are ready for any assistance to contribute cargo  aviation establishment
Mkhitar Hayrapetyan on TV broadcasting agreement with RF: If our  proposals are not taken into account, we do not rule out possibility  of terminating agreement unilaterallyMkhitar Hayrapetyan on TV broadcasting agreement with RF: If our  proposals are not taken into account, we do not rule out possibility  of terminating agreement unilaterally
Armenia, Iran discuss organization of joint production in various  branches of economy Armenia, Iran discuss organization of joint production in various  branches of economy 
ADB ready to fund northern section of Sisian-Kajaran highway of  North-South transport corridor  ADB ready to fund northern section of Sisian-Kajaran highway of  North-South transport corridor  
Armenia`s Ministry of High-Tech Industry developing sectoral strategy Armenia`s Ministry of High-Tech Industry developing sectoral strategy 
Armenia`s footwear exports to Russia 11 times up Armenia`s footwear exports to Russia 11 times up 
EDB sets course for digital future of transportation at joint EEC and  ESCAP eventEDB sets course for digital future of transportation at joint EEC and  ESCAP event
Team`s Next Generation Networ is already available in AshtarakTeam`s Next Generation Networ is already available in Ashtarak
Kazakhstan`s potential exports to Armenia total $350mln - minister Kazakhstan`s potential exports to Armenia total $350mln - minister 
Armenia`s economy to face crisis if Moscow severs economic ties with  Yerevan - ex-premier Armenia`s economy to face crisis if Moscow severs economic ties with  Yerevan - ex-premier 
Acquisition of Ameriabank by BOGG PLC int`l financial group completedAcquisition of Ameriabank by BOGG PLC int`l financial group completed
Armenian service sector generated revenue of $1.2 billion in first  two monthsArmenian service sector generated revenue of $1.2 billion in first  two months
EEC: EAEU common electricity market is at high level of readinessEEC: EAEU common electricity market is at high level of readiness
Armenia`s metallurgical industry increased production volumes by 37%  in first 2 monthsArmenia`s metallurgical industry increased production volumes by 37%  in first 2 months
Idram and IDBank participated in the signing ceremony of the Declaration of Women`s Empowerment PrinciplesIdram and IDBank participated in the signing ceremony of the Declaration of Women`s Empowerment Principles
Read more


Exchange rates
19.04.2024
RUB4.210.02
USD392.60-1.47
EUR418.04-2.71
GBP488.12-3.60
CAD285.09-1.38
JPY25.40-0.12
CNY54.22-0.22
CHF432.05-1.61