ArmInfo. An active lending policy in 2024 allowed Armenian banks to ensure high profit growth. Thus, an increase in the loan portfolio by 25% - to 6.3 trillion ($ 15.8 billion) increased net profit by 61% - to 363.2 billion drams ($  915.8 million). This is evidenced by the data of the Express Ranking  of Armenian Banks as of 31.12.2024, prepared by ArmInfo Investment  Company.

ArmInfo. A meeting was held in the Armenian government led by Prime Minister Nikol Pashinyan, to discuss a bill  regulating the crypto-asset sector.

ArmInfo. Residents of Armenia, who submit an annual income declaration can receive a reimbursement for social expenses from their income tax. This includes social  expenses for themselves and their family members (spouse, parents,  and children).

ArmInfo. Armenia increased its exports to 14 EU countries by the end of 2024, according to the press service of the Ministry of Economy. Growth was recorded in  countries such as France, Italy, Belgium, Poland, Austria, Romania,  the Czech Republic, Croatia, Portugal, Slovakia, Latvia, Lithuania,  Malta and Slovenia.  At the same time, a decrease in export volumes  is observed in the direction of Bulgaria, Germany, Denmark, Estonia,  Ireland, Spain, Luxembourg, Cyprus, Greece, Hungary, the Netherlands,  Sweden and Finland. In addition to the EU market, Armenia has also  registered positive dynamics with countries such as the USA, India,  Japan, China, Iran, the United Arab Emirates (UAE), Switzerland,  Serbia, Georgia, Iraq, Thailand, Uzbekistan and Belarus.  The  opposite dynamics in exports, as reported by the Ministry of Economic  Development, is observed with Kazakhstan, South Korea, Russia,  Kyrgyzstan, Malaysia and Qatar.

ArmInfo. In Armenia, a year after violations of the rules for using cash registers were  identified during thematic tax audits, organizations will not be  fined. The National Assembly of the Republic of Armenia is discussing  amendments to the Tax Code in the second reading at a plenary session  on January 20. 

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ArmInfo. The Armenian government intends to improve the investment environment by applying new tools to solve the problem of bad debts. The National Assembly of  the Republic of Armenia is discussing amendments to the Tax Code in  the second reading at the plenary session on January 20.

ArmInfo. The Upper Lars checkpoint is closed for trucks, customs attache of the Armenian Embassy in Russia Vahan Hakobyan told an ArmInfo correspondent.

ArmInfo. January 13 to 17, 2025, in Armenia's interbank foreign exchange market, only one USD and two RUB transactions were effected, with no EUR transactions effected. USD transactions showed a 4.6-fold growth against a 64% decline the previous week. The total amount of USD transactions  exceeded that of RUB almost 2-fold.

ArmInfo.The Ministry of Economy is negotiating with the Norwegian Agency for Development Cooperation (NORAD) to receive consulting support in attracting an international operator for industrial zones, as  reported by the press service of the department, following a meeting between Deputy Minister Edgar Zakaryan and a delegation from NORAD.

ArmInfo. Further development of the Armenian economy is possible only if the republic has good ties with both Russia and the West. Only with good relations  with both poles can Armenia become a mediating bridge. This was  stated in an interview with an ArmInfo correspondent by the head of  the  economist Suren Parsyan.

ArmInfo. With proper documentation of expenses, the tax burden on jewelry retailers will not only not increase, but, on the contrary, will decrease. This  statement was made by the deputy head of the parliamentary standing  committee on economic issues, MP of the ruling faction of Armenia  "Civil Contract" Babken Tunyan, responding to the protests of the  workers of the "Gold Market" shopping center, who are against the  double increase in the turnover tax rate and the corresponding entry  by the former assistant to the Prime Minister Nairi Sargsyan.

ArmInfo. Armenian and German businesses are intensifying ties. This was reported by the press service of the Ministry of Economy, citing the agreement reached between the head of the Armenian Ministry of Economy Gevorg Papoyan and Chairman of the German Federal Association of Small and  Medium-Sized Businesses (BVMW), Christoph Ahlhaus. 

ArmInfo. The first data exchange under the OECD agreement on the international bank account  information  will take place in autumn 2025, as stated by Eduard Hakobyan, the head of the State Revenue Committee of Armenia, at the final press conference.  

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ArmInfo. Armenia received 76 billion AMD  from the common pot of customs duties of the Eurasian  Economic Union, but ended up giving away 129 billion AMD, as stated by Eduard Hakobyan, the head of the State Revenue Committee of the Republic of Armenia, at the final press conference on January 16.

ArmInfo.The year 2024 for "The Power of One Dram" initiative concluded with a result of 5,119,225 drams, which was fully allocated to support the annual regional forum “Face to Face: Dialogue of Generations” organized by the “Children of the Regions in the Regions” Foundation, scheduled for March. The first beneficiary of 2025 is the DigiCode 2025 Youth applied programming competition, part of the UATE "Armath" Engineering Makerspaces educational program.

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ArmInfo. In Armenia, the repayment terms of preferential loans for purchasing grapes have been extended by 6 months. The corresponding decision was made during a government meeting on January 16.