ArmInfo.On May 17, the NA Standing Committee on Economic Affairs debated the draft law on Making  Amendments and Addenda to the RA Tax Code with the attached legislative package in the first reading. It was presented by the RA Deputy Minister of Finance Arman Poghosyan, the press service of the  RA NA reports.

ArmInfo. According to the latest data, the share of small and medium- sized businesses in Armenia's  GDP is about 25%. Meanwhile, in developed countries, this indicator usually varies between 50-60%.

ArmInfo. The European Bank for Reconstruction and Development (EBRD) is boosting its support for  micro, small and medium-sized businesses (MSMEs) in Armenia by extending new financing to Armeconombank, a press release from the EBRD notes.

ArmInfo. The European Bank for Reconstruction and Development (EBRD) is providing a US$ 10 million  financial package to ArmSwissBank in Armenia to finance the private  sector's investments in growth, competitiveness, and greener and more  sustainable practices, the Bank's press service reports.

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ArmInfo.During the 33rd annual meeting and business forum of the European Bank for Reconstruction and Development (EBRD), Ardshinbank CJSC and the Dutch entrepreneurial development bank FMO signed a Guarantee Agreement for a credit portfolio worth 20 million US dollars with a term of 7 years.

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ArmInfo.Recently, an International Monetary Fund delegation led by IMF Deputy Director for the Middle East  and Central Asia Department Mr. Thanos Arvanitis visited Armenia and held a number of important meetings with government officials. In addition, a special event was organized in Yerevan, during which the IMF presented the "Regional Economic Development Prospects" report. On the sidelines of this meeting, an ArmInfo correspondent spoke with Mr. Arvanitis about the priorities and possible risks of the Armenian economy.

ArmInfo. Armenia should abandon the turnover tax; there should be one taxation system in the republic,  Armenia's Premier Nikol Pashinyan stated on May 2 at a meeting of the Cabinet of Ministers, during which legislative amendments were approved, providing for a double increase in the turnover tax rate.

ArmInfo.AraratBank intends to double its leasing portfolio by the end of 2024. Edgar Avagyan Head  of the Leasing Department at AraratBank told journalists on the sidelines of the Leasing Expo-2024 specialized exhibition.

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ArmInfo. There is no alternative to digital transformation.  Davit Hovhannisyan, Chief  Information Technology Officer at Ameriabank stated on the sidelines of the Doing Digital forum on April 3 during a conversation with journalists.

ArmInfo. Over the past 3 years, Ameriabank has been intensively pursuing the path of digital  transformation, which is already reflected in the form of concrete results.  Arman Barseghyan, Retail Banking Director at Ameriabank, told reporters on the sidelines of the Doing Digital forum on April  3, noting that digital transformation has been on their agenda for about 8 years.  "According to our understanding, Ameriabank is already a Fintech company," he emphasized.

ArmInfo.Portfolio of the program for modernizing the economy as of March 1, 2024, amounted to  AMD 228bln. According to the press service of the Ministry of Economy, a total of 3,955 loan and leasing agreements were signed. Over the past 12 months, the portfolio growth amounted to AMD 12bln.

ArmInfo.Ameriabank has been named the Best Bank in Armenia in sustainable finance for 2024. This achievement marks the fourth consecutive win for Ameriabank for funding initiatives designed to mitigate the negative impacts of climate change and help build a more sustainable future.

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ArmInfo.  Bank of Georgia Group PLC ("BOGG" or the "Group") announces the proposed acquisition  of 100 per cent. of a leading bank in Armenia, Ameriabank CJSC ("Ameriabank"), for approximately $303.6 million. This acquisition will significantly enhance the Group's presence and growth opportunities within a fast-growing and attractive market, according to BOGG's official statement.

ArmInfo.Bank of Georgia Group PLC ( or ) clarifies recent media rumors regarding a potential transaction involving Ameriabank CJSC (), a leading bank in Armenia, and confirms that "it is in "advanced discussions" regarding its potential acquisition of Ameriabank CJSC."

ArmInfo.Fitch Ratings has upgraded ACBA Bank Open Joint-Stock Company's (ACBA) Long-Term Issuer  Default Rating (IDR) to 'BB-' from 'B+', and the bank's Viability Rating (VR) to 'bb-' from 'b+'. The Outlook is Stable. The Fitch Ratings press release received by ArmInfo reads.

ArmInfo.Ameriabank is the largest taxpayer among Armenian banks for the sixth year in a row. According to the data for January-December, 2023, total taxes paid by the bank to the state budget amounted to AMD 25.7 bn.