ArmInfo. Aramayis Grigoryan, Deputy Minister of High-Tech Industry and Artificial Intelligence of the Republic of Armenia, participated in the 9th annual Techritory conference in Latvia, which was held under the motto "Security and Well-Being through Digitalization and Connectivity."

ArmInfo. From October 26 to 30, dollar transactions on the Armenian interbank currency market declined, while ruble transactions began to rise. Meanwhile, euro transactions have been suspended for the third week. Specifically, dollar transactions reversed from a 2.2-fold increase to a 32% decline, while ruble transactions, conversely, reversed from a 14.5% decline to a 7% increase. This allowed the weekly volume of ruble transactions to maintain its dominance over dollar transactions, with the gap increasing from 2x to 3.1x.

ArmInfo.As part of the Spandaryan Canal reconstruction project, IDBank Chairman of the Management Board Mher Abrahamyan signed a commemorative plaque that will be incorporated into a future sculpture․

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ArmInfo.  IDBank and Idram  summarized their participation at COP17 alongside their partners, presenting a number of key initiatives in the fields of sustainable development and biodiversity.

ArmInfo. The Central Bank of Armenia is working on creating an insurance mechanism for clients who have suffered losses due to cybercrime. RA Central Bank Chairman Martin Galstyan announced this in an interview with the research website Hetq.

ArmInfo. Armenian Deputy Minister of Economy Tigran Gasparyan received a delegation led by Qiong Zhou, Deputy Director-General of the United Nations Industrial Development Organization (UNIDO) and Executive Director of the Directorate for Technical Cooperation and Sustainable Industrial Development.

ArmInfo. The funds accumulated in the banking system since 2022 primarily came from non-residents, and the majority of them are still in Armenia. Martyn Galstyan, Governor of the Central Bank of Armenia, stated this in an interview with the research resource Hetq (Sled).

ArmInfo. Cognacs from Armenia and Georgia have been included in the Belarusian register of hazardous products. According to the State Standard, reviewed by a TASS correspondent, the import and circulation of two brands of this alcoholic beverage has been banned since October 31.

ArmInfo.  The Central Bank of Armenia increased the countercyclical capital buffer (CCB) by 0.25% to 2.25% of risk-weighted assets (effective from May 2027), estimating the amount of additional capital needed to absorb unexpected losses from an expected shock of almost 250 billion drams. Central Bank of Armenia Chairman Martin Galstyan stated this in an interview with the research website Hetq (Sled). He noted that, for now, this amount will be sufficient to address potential future risks and scenarios for addressing emerging issues, citing assessments from macro-stress testing. "In recent years, the Central Bank, through one of its instruments – the CBC – has increased capital, indicating the need for additional capital in the event that the positive developments we are seeing cease at a certain time, or a certain reversal occurs. Banks would be prepared for these scenarios," Galstyan emphasized. When asked by the interviewer what the Regulator has provided for citizens in this case, the head of the Central Bank noted that, in the context of financial stability, the Central Bank does not have a mandate to demand a conscientious approach from citizens, but regularly encourages financial literacy and takes measures to increase awareness. "In addition to this, for the Central Bank to assume a paternalistic function of intervening in the decisions of every citizen, I note that the Central Bank does not have such a mechanism, and in fact, there are no countries in the world where the regulator has such a function," he noted.

ArmInfo. Armenia's withdrawal from the EAEU could lead to the cessation of banking and financial intermediation, and such a scenario would deal a much stronger blow to the economy than the 4.6% reduction, as this sector is the main driver of economic growth. Economist Aghasi Tavadyan wrote this on his Facebook page.

ArmInfo. In New Delhi, Armenian Deputy Minister of Foreign Affairs and International Trade Mnatsakan Safaryan held meetings with representatives of the Confederation of Indian Industry (Confederation of Indian Industry), Invest India, and the Pharmaceutical Export Promotion Council of India (Pharmexcil).

ArmInfo. Armenian Economy Minister Gevorg Papoyan held a business breakfast with business representatives as part of the "Mantashyants 100" format. According to the press service of the Ministry of Economy, the meeting discussed economic processes in Armenia, the business environment, existing challenges, and new opportunities in various sectors.

ArmInfo. Sevak Mikaelyan has become a member of the Board of the Central Bank of Armenia. This was confirmed following the results of a secret ballot held in the National Assembly of the Republic of Armenia on October 30.

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ArmInfo. Yerevan was the cheapest foreign vacation destination for Russians in November – the average cost of accommodation there fell by 57% compared to October, reaching 10,100 rubles per night, the OneTwoTrip travel service told RIA Novosti.

Arminfo.  Minister of High-Tech Industry and Artificial Intelligence of the Republic of Armenia David Tadevosyan received Ambassador Extraordinary and Plenipotentiary of the Islamic Republic of Iran to the Republic of Armenia Khalil Shirgolami.

ArmInfo. Scammers are increasingly using fake screenshots of transfers, winnings, and bonuses to trick victims into handing over goods or sending them real money. A screenshot from a banking app can look convincing: the specified amount, a familiar logo, and a "transfer completed" status. But an image on the screen does not yet mean that the money has actually arrived.