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News

Double increase in turnover tax rate will stimulate transition to common taxation system: Deputy Minister
Rocket Line - now for 60 months: Idram and IDBank
Rising prices for services, going into shadows and closing businesses - incomplete list of "expectations" from revision of turnover tax rate from SME Cooperation Association President
Liability for misrepresented information is proposed in Armenia
Government proposes to make changes to car trade system within "Trade-in" program
Armswissbank attracts us$ 10 million loan package from EBRD to support competitiveness and green transition
Armenian lawyers unwilling to pay taxes on universal basis
EU Commissioner: EU will continue to contribute to economic development of Armenia
PM discusses opportunities for diversifying Armenian economy with WB, IFC management
EBRD President considers programs implemented by Bank useful for development of private sector in Armenia
EBRD lends up to US$ 10 million to Armeconombank for MSME on-lending
Armenia benefits greatly from influx of capital and IT specialists - EBRD chief economist
Finance Ministry, French Development Agency sign cooperation agreement for 2024-2027
Idram Junior and Koreez signed a memorandum of cooperation
During the 33rd EBRD Business Forum, Ardshinbank hosted a panel discussion on economic and trade sanctions.
Government to allocate additional AMD 3 billion to finance state order for healthcare
EBRD provides $10 million loan to ArmSwissBan to support competitiveness and green transition of MSMEs
Pankin: Armenia`s suspension of CSTO funding isn`t tragedy
Armenian government approves program for providing housing to families from Artsakh; expenses estimated at AMD 10-12 billion
EBRD Governors re-elect President Odile Renaud-Basso for second term
EBRD, USAID to develop transport infrastructure of Armenia, Azerbaijan, Georgia
No specific dates for the entry into force of the law on compulsory life insurance for tourists visiting Georgia - RA MFA
Pashinyan: all those who have the necessary skills, abilities and desire can make a profit in Armenia
Odile Renaud-Basso: Armenian economy continues to grow despite numerous negative factors
Minister of Territorial Administration and Infrastructures refrains from specifying North-South Road Corridor Investment Program`s implementation costs and deadlines
EBRD improves Armenia`s GDP growth forecast for 2024 from previous 4.5% to updated 6.2%
EBRD promises unprecedented investments in Armenian economy
FMO provided Ardshinbank with a guarantee for a credit portfolio of 20 million US dollars
Lending for construction of southern section of Sisian-Kajaran road will be largest program ever implemented by EBRD in Armenia - Bank President
French Development Agency, Armenian government to expand cooperation areas and programs` scope
The Power of One Dram Sums up the Two-Year Program with Teach for Armenia
Noubar Afeyan willing to use his potential to strengthen Armenia
Ministry of Economy of Armenia denies that growth in agricultural exports is due to re-exports
Finance Minister: Armenia`s GDP generation growth potential increased from 4-4.5% to 5.5-6%
EBRD funds customs and logistics centre in Syunik
Grigori Zakaryan: “Capital markets have a crucial for economic development.”
Ambassador of Kazakhstan: priorities for development of Eurasian integration proposed by Armenia will allow us to intensify mutually beneficial cooperation within EAEU
EBRD and the European Union are joining forces with Acba bank to boost the availability of funding for Armenian MSMEs
Thanos Arvanitis: The time has come for Armenia to accelerate reforms
Armenia to host 33rd EBRD Business Forum with flagship sponsorship of Ardshinbank
EAEU economic operators will become more recognizable when carrying out foreign economic activities
Martin Galstyan: If background is favorable, reduction in key rate will result in lending rates decrease
About 75% of Armenia`s exports are precious metals and stones, which speaks of vulnerability of Armenia`s economy
92% tax revenues recorded in Armenia in 1st quarter of 2024
IDBank issues the 2nd tranche of dollar bonds of 2024
Armenia to be next country to host ACE program
Armenia agrees to EBRD expansion
Alkis Drakinos : It is necessary to first pick the low hanging fruit to ensure development
CBA Governor: Overheating of prices in Armenian real estate market may have ranged from 20-30%
Government writes off 469 financial obligations of Artsakh citizens on loans secured by gold
Food products, services cause of 0.8% inflation in Jan-Apr 2024
Armenia`s Deputy Premier receives IMF delegation
Armenian Economy Minister travels to USA on week-long working visit
Armenia is trapped in "Dutch disease" - economist
“By Your Side”: IDBank`s new support program for displaced Artsakh citizens
Team Telecom Armenia develops Be Free package
Armenia scares with its high prices: Economist sounds alarm due to reduction in exports of services
Large crayfish farming complex to be built in Shirak: volume of investments totals AMD 300 million
Eurowings launches Berlin-Yerevan-Berlin flights
Russia bans sugar exports; 28 thousand tons allowed to be exported to Armenia
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Currency Market

Indicators

“G20/OECD Principles of Corporate Governance” workshop Monday, March 18 2024, 14:17 ArmInfo.Staying true to its practice, the Corporate Governance Center translated the G20/OECD Principles of Corporate Governance revised in 2023.
Education is the basis of a strong state: IDBank and Russian-Armenian University announced cooperation Friday, July 30 2021, 13:31 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.

Exchange rates

17.05.2024

RUB	4.26	-0.01
USD	387.60	-0.49
EUR	420.12	-1.81
GBP	490.31	-1.36
CAD	284.16	-0.61
JPY	24.87	-0.22
CNY	53.63	-0.14
CHF	426.22	-3.84

Experts

Expert: When there is no trust between private and public sectors, unfortunately, there is no need to talk about right decisions
Expert on Armenia`s international trade growth against "miserable trade pattern"
Expert: Armenia should use Georgian, Turkish transit opportunities
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Commented

Yerevan is trying to demonstrate to its Anglo-Saxon `bosses` its readiness to reduce economic cooperation with Iran - political scientist


Gevorg Mantashyan: High-Tech Ministry makes consistent efforts for emergence and progress of startups in Armenia
Bank of Georgia announces proposed acquisition of Ameriabank for $303.6 million

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"National Mortgage Company"2A
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