ArmInfo. On February 27, the Cabinet of Ministers of Armenia approved the .

ArmInfo. The Upper Lars checkpoint is again closed for all types of vehicles. This was stated in a statement by the press service of the Ministry of Internal  Affairs of Armenia, which presented a summary of the situation on the  country's roads and at the checkpoints.

ArmInfo.

ArmInfo.On February 25, Ameriabank sums up the student contest “My Armenia, My Future” conducted within the framework of “My Ameria, My Armenia” campaign and announced the names of the students who will get scholarship, those who will go to University of California, Berkeley (UC Berkeley) , and those who will receive funding for their projects.

ArmInfo. Traffic for vehicles with trailers and semi-trailers has been restored on the Gudauri-Kobi section of the Mtskheta-Stepantsminda-Lars highway. as reported by Georgian media.

ArmInfo.At February 26 sitting of the Parliamentary Standing Committee on Financial, Credit  and Budgetary Affairs, Armen Nurbekyan, Deputy Chairman of the Central Bank of Armenia, presented amendments to  the Civil Code of the Republic of Armenia.

ArmInfo. The RA Ministry of Economy is suggesting amendments to the RA Civil Code, as well as the  laws on limited liability companies and  joint-stock companies, defining the concept of a convertible loan agreement and the main conditions for its application, taking into account the business relations established both globally and in Armenia.

ArmInfo.Deputy Head of the Parliamentary Committee on Economic Affairs Babken Tunyan proposes to  exempt dividends received by beneficiaries from securities from income tax for another three years.

ArmInfo. Deputy Head of the Parliamentary Committee on Economic Affairs Babken Tunyan proposes to establish exceptions from the application of the rules with respect to vehicles classified under the TN VED code 8703, acquired for rental and leasing. 

ArmInfo.In 2024, the support provided by AraratBank to the Aren Mehrabyan Charitable Foundation has contributed to the implementation of the Foundation's mission by creating new educational opportunities for young people.

ArmInfo. The gambling sector of Armenia may be subject to a 10% turnover tax in addition to the existing taxes and duties as early as April 1, 2025. On February 26,  the parliamentary standing committee on economic issues gave the  go-ahead to include the bill submitted by the NA member of parliament  from the ruling Civil Contract faction Hayk Sargsyan in the agenda of  the upcoming March 4 session of the NA and established a special,  urgent procedure for its consideration - within 24 hours.

ArmInfo. Cargo transportation from Russia to Armenia decreased by 8% in 2024, in the  opposite direction - by 29%. This is stated in a study by the  International Freight Exchange ATI.SU.

ArmInfo. Armenia notes the importance of multi-sectoral cooperation with the Asian Development Bank (ADB) and the programs implemented by the Bank in Armenia. This  was stated by the Minister of Territorial Development and  Infrastructure of the Republic of Armenia David Khudatyan during a  meeting with the ADB delegation headed by the Bank's Resident  Representative in Armenia Don Lambert.

ArmInfo. After writing off of assets in Artsakh in 2023, the banking system of Armenia managed  to achieve a 61% growth in profit, reaching 363 billion drams by the end of 2024.

ArmInfo.If  the Armenian economy were more focused on investments in securities  rather than  loans and deposits, the key rate would have a more significant impact.  The government bond market is notably affected by the refinancing rate. This opinion was share by the head of the Union of  Banks of Armenia, Daniel Azatyan, during a press conference on February 25. He also pointed out that credit and deposit rates are influenced more by supply and demand  rather than the refinancing  rate. 

ArmInfo. In Armenia's banking system, as of 2024, the share of non-performing loans in the  loan portfolio amounted to only 1%, down from 1.5% in 2022, as stated by Daniel Azatyan, the Chairman of the Union of Banks of Armenia, during a press conference on February 25. He also noted that that  this does not include loans classified as bad or off-balance sheet.

ArmInfo.Armenia needs long-term energy security, as stated by Vassilis Maragos, the head of  the EU Delegation to Armenia, in his speech at the fourth meeting of the Armenia-European Union Parliamentary Partnership Committee.

ArmInfo. In addition to the main bank, which has expressed a desire to finance the exploitation  of the Amulsar gold mine, several other banks have also shown interest in providing additional financing for the launch of the project. Daniel Azatyan, the Chairman of the Union of Banks of Armenia (UBA), told journalists  during a press conference on February 25.

ArmInfo.The State Revenue Committee (SRC) of Armenia has released information  regarding  the  process for  reimbursing social expenses.

ArmInfo. According to the 2024 results, the loan portfolio of Armenian banks grew by 24%, reaching almost 6.4 trillion drams, an increase of  1.2 trillion drams, as stated by Daniel Azatyan, the Chairman of the Union of Banks of Armenia, during a press conference on February 25.