ArmInfo. ARARATBANK OJSC and Global Finance & Technology Network (GFTN) of Singapore have signed a Memorandum of Understanding to enhance the Bank's digital capabilities and fintech infrastructure.

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ArmInfo.

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.

ArmInfo.The Masrik-1 solar station is scheduled to be operational by October 2024. According to  the press service of the Ministry of Territorial Administration and Infrastructure, Gagik Babayan, chief engineer at Shtigen company, stated this in an interview with the Public Television.  

ArmInfo.At the meeting on 27^th 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 6^th of June the Commission for the Protection of Competition also approved the concentration of Ardshinbank and HSBC Bank Armenia.

ArmInfo. Minister of Territorial Administration and Infrastructures of Armenia Gnel  Sanosyan visited the Masrik-1 solar station.

ArmInfo.Problems with tax evasion and illicit financial flows in today's interconnected world  require collective action and cooperation, RA Deputy Prime Minister Tigran Khachatryan stated at the 6th meeting of the High-Level Asian Initiative, which started on June 24 in Yerevan.

ArmInfo. Following the flash floods in Armenia's Lori and Tavush regions in May, the European  Union is providing EUR 100 000 in humanitarian funding to assist the  most affected villages, the press releases from the European  Commission received by ArmInfo reports.

ArmInfo.Ameriabank has received four prestigious awards from international financial institutions in recognition of its trade finance operations. At the recent TFP Awards Ceremony, the European Bank for Reconstruction and Development (EBRD) honored Ameriabank with the 2023 Deal of the Year Export, the 2023 Deal of the Year Green Trade in Renewable Energy awards and for the Completion of the Climate Practices and Transition Planning Programme in Armenia. The TFP Award team highlighted "Ameriabank’s outstanding contribution to facilitating trade in green technologies and continuously supporting the transition to a green economy."

ArmInfo. Prime Minister Nikol Pashinyan received Axel van Trotsenburg, World Bank Senior Managing  Director of Development Policy and Partnerships, and  Alfonso Garcia  Mora International Finance Corporation (IFC) Regional Vice President.

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ArmInfo. The construction of an industrial-scale solar power plant, Mets Masrik, in Armenia is  nearing completion. This was stated on February 28 from the rostrum of parliament by Chairman of the Public Services Regulatory Commission, Garegin Baghramyan, whose candidacy was again nominated  by the RA government for the post of head of the PSRC.

ArmInfo. The HSBC group has been moving its capital and focusing on its preferred markets, as has been the policy in recent years. Only since 2021, as noted by the Chairman of the Union of Banks of Armenia (UBA) Daniel Azatyan during a press conference, the Group has withdrawn from 7 countries, including retail lending in France, the USA, Greece, etc.

ArmInfo. The likelihood of attracting a new international brand to the Armenian financial market  is quite low. Economist Haykaz Fanyan expressed a similar opinion on his Facebook page, commenting on the HSBC's withdrawal from Armenian market.

ArmInfo. Attracting financial resources for the investment program of Electric Networks  of Armenia is the easiest task, but it is much more difficult to organize the work correctly, Director General Karen Harutyunyan told reporters on February 14.

ArmInfo. The shares of Team  Telecom Armenia telecommunications company,  after placement through  an initial public offering, were listed on the Armenia Securities  Exchange and will be quoted on the secondary securities market. This  is noted in the message of Team Telecom Armenia.

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

ArmInfo. About a thousand investors became shareholders of Team Telecom Armenia. According to  the company's press service, the initial public offering of 40 million shares of Team Telecom Armenia worth AMD 8.2bln was successfully completed. Ameriabank CJSC acts as market maker. 

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