ArmInfo. As a result  of a new collaboration between Acba bank and the International Finance Corporation (IFC), Acba bank will allocate $50 million to finance and develop micro, small, and medium enterprises (MSMEs) in Armenia.

ArmInfo.

ArmInfo.  The Team Group of  Companies announces the acquisition of a controlling stake in Imagine  Broadband, one of Ireland's telecommunications operators.  The deal  was concluded with the major international investment company  Brookfield Corporation, which will continue to operate as a minority  shareholder in the company.

ArmInfo.  By the end of October  2024, Armenia's public debt in dollar terms increased to $12 billion  632.8 million (from $11 billion 845.4 million by the end of 2023). In  dram equivalent, the figure increased from 4 trillion 794.9 billion  to 4 trillion 889.5 billion. 

ArmInfo. Due to the planned  technical inspection work, Armenian Airlines flights will be resumed  only from December 16. This was reported by the press service of the  airline.

ArmInfo. As of December 10,  2024, the consolidated budget of the Republic of Armenia received 2  trillion 173.1 billion drams in tax revenues, which is 83.1% of the  adjusted figure for the year in the amount of 2 trillion 614.9  billion (24.9% of GDP).

ArmInfo. The Advisory  Committee on Financial Markets under the Board of the Eurasian  Economic Commission discussed approaches to the formation of a common  financial market and harmonization of legislation in the field of  financial services. The meeting was held in Moscow at the EEC  headquarters under the chairmanship of the Minister of Economy and  Financial Policy of the Commission Bakhyt Sultanov, the press service  of the EEC reported.

ArmInfo.  Minister of  Territorial Administration and Infrastructure of the Republic of  Armenia David Khudatyan visited High-Voltage Electric Networks of  Armenia CJSC, where he got acquainted with the programs being  implemented. This was reported by the press service of the Ministry.

ArmInfo.The International  Finance Corporation (IFC) has signed agreements with three Armenian  banks, Acba Bank, Converse Bank and Evocabank,  to enhance access to  finance for smaller businesses, including women-owned and rural  enterprises and climate projects. It is planned to provide loans for  a total amount equivalent to $40 million. In particular, Acba Bank  will receive $25 million, Converse Bank - $5 million and Evocabank -  $10 million, as noted in IFC's statement.

ArmInfo. A few days  earlier, it became known that one of the leading telecommunications  companies in Armenia, Team Telecom Armenia (Telecom Armenia OJSC),  has issued Sustainability -Linked Bonds (OSUR - Sustainability-Linked  Bonds). In connection with such an unprecedented event in the capital  market of Armenia, a ceremonial event was held in Yerevan in the Dvin  hotel complex attended by representatives of the public, private and  banking sectors. During the event the company presented its  achievements in recent years and its plans for business expansion. 

ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo.  As of October 1, 2024, the plastic card market in Armenia had 3.964 million cards, indicating an annual growth of 11%. Over the past three years, the  number of microprocessing cards with an NFC chip has increased by 2.4  times, with an annual growth of 22.4%. The total number of these  cards now exceeds 3 million, accounting for 76.4% of all cards in  circulation. This is evidenced by data from the Central Bank of the  Republic of Armenia. 

ArmInfo.

ArmInfo.

ArmInfo. On December 12, at a  regular meeting, the Armenian government approved the draft law .

ArmInfo. Deputy Prime  Minister Mher Grigoryan represents Armenia at the meeting of the  heads of government of the CIS and the EAEU countries.

ArmInfo. On December 12, at a  government meeting, the Cabinet of Ministers of Armenia approved a  proposal to sign a grant agreement between the Republic of Armenia and the Asian Development  Bank>.

ArmInfo. According to EEC press service, Ruslan Davydov, the Minister in charge for Customs Cooperation of the Eurasian Economic Commission, took part in a meeting discussing the development of customs checkpoints' infrastructure. The meeting was held under the leadership of Mikhail Mishustin, the Chairman of the Russian Government.