ArmInfo.Yerevan, November 23, 2024. ArmInfo. The announced withdrawal of the Armenian branch of the prominent international Hongkong and Shanghai Banking Corporation (HSBC), a banking group with British roots, from the domestic market has raised a valid question within the country’s financial community: where will HSBC's clients, particularly its business clientele accustomed to international banking standards since 1996, go? The announcement earlier this year of HSBC Bank Armenia's acquisition by a bank with exclusively Armenian roots brought both reassurance and numerous questions. ArmInfo's Director General and economic observer Emmanuil Mkrtchyan sought to clarify the situation with David Sargsyan, Deputy Chairman of the Management Board of Ardshinbank.

ArmInfo."Ardshinbank" CJSC announces the completion of the acquisition process of 100% shares of "HSBC Armenia" CJSC (HSBC Armenia). After the finalization of the transaction and integration works, which took about ten months, HSBC Armenia on November 29 was renamed “Ardshininvestbank”. Starting from December 2, clients of HSBC Armenia will be welcomed under the new branding while retaining their existing services and terms, complemented by numerous additional benefits.

ArmInfo. AraratBank has been awarded a prestigious Strong Partnership Award at the first-ever Visa Cashless Forum held in Yerevan on November 22, recognizing years of close and effective cooperation with Visa in implementing and delivering new projects.

ArmInfo. On November 28, the Government of Armenia approved the funding between the Republic of  Armenia and the European Commission on .

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ArmInfo. The first tourism MICE forum (Meetings, Incentives, Conferences, Exhibitions) has started in Yerevan, with the participation of industry experts from  Serbia, Georgia, Greece and Jordan, as well as representatives from  Armenia's tourism industry. The event is organized on the initiative  of the Tourism Committee of Armenia.

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ArmInfo. On November 28, 2024, the Hayastan All-Armenian Fund is hosting its 27th annual national charity telethon. During this event, Ardshinbank is donating 120 million AMD in support of strengthening and developing our country.

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ArmInfo.On November 28, at a regular meeting, the Armenian government approved a quota for the  duty-free import of 8,000 electric vehicles in 2025.

ArmInfo.Armenia will extend restrictions on the import of cement and clinker from third countries  for another six months. The corresponding decision was made on November 28 at a meeting of the RA government.

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ArmInfo.Idram has exciting, long-awaited news for online shopping enthusiasts and our customers: Idram is now available on Wildberries!

ArmInfo. Armenia's economic dependence on the Eurasian Economic Union (EAEU), particularly on  Russia, has never been more significant. This highlights the ineffective and short-sighted policy pursued by the current authorities.

ArmInfo.  Armenia wants to categorize penalties for violating cash register usage rules (CRS).  The draft law was presented by the Minister of Economy, Gevorg Papoyan, during a meeting of the Parliamentary Standing Committee on Economic Issues.

ArmInfo.Deputy Minister of Finance of Armenia Eduard Hakobyan has been dismissed from his  position. The decree was signed by RA Prime Minister Nikol Pashinyan.  

ArmInfo.Discussions on economic policy and the resulting tax policy have begun in Armenia, as stated by Deputy Finance Minister Arman Poghosyan during a meeting of the National Assembly Economic Commission on November 27. he said.

ArmInfo. Black Friday Surprise for Travel Enthusiasts from IDBank! Order a Travel Card through  the Idram&IDBank app and enjoy an 80% discount on the card’s first-year service fee. Pay just 4,000 AMD instead of the regular 20,000 AMD and take advantage of exclusive benefits and features while traveling.

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