ArmInfo.The first international Banking Forum 2024, organized by the Union of Banks of Armenia, took place in Yerevan. The forum aimed to bring together regional and European organizations to discuss the current challenges in the banking sector, exchange views on issues related to integration with European financial markets, and establish mutually beneficial partnerships. The event was attended by representatives of commercial banks, the government of Armenia, the Central Bank of Armenia, international financial organizations, and the banking sector of Georgia.

ArmInfo. Acba Bank has started the public placement of the next coupon non-documentary dram bonds in  the amount of 5 billion drams with an annual coupon yield of 10.5%. This is noted in the Bank's message, which states that the placement started on November 11 and is scheduled to be completed on December 2. 

ArmInfo. Special offer: Get a 25% discount on transfer fees when sending money to Ukraine by using the promo code RIA25AM. This promotional offer is valid until December 31, 2024.

ArmInfo. Starting in 2025, duty-free import may be applicable to cars with an electric engine  that were manufactured after December 31, 2022.  As reported by the press service of the State Revenue Committee (SRC) of Armenia, there is currently a project under discussion regarding the allocation of  quotas for the import of  the import of electric vehicles classified under code 8703 80 000 2 of the EAEU TN VED at a 0% duty rate for 2025.

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ArmInfo. The national payment system Armenian Card has announced the introduction of another innovative product, ArCa Pay. According to the company's statement, ArCa Pay is a simple, fast, easy and safe platform for making instant transfers between clients of Armenian banks and payment settlement organizations.

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ArmInfo.Armenia has sent proposals to Russia for a second time regarding changes to the  provisions of the interstate agreement in the field of mass telecommunications. This was stated by Mkhitar Hayrapetyan, the Minister of High-Tech Industry of Armenia, during a conversation with journalists on November 11th.  In this context, he noted that the proposals were sent a month earlier.

ArmInfo. The Ministry of High-Tech Industry (MHI) of Armenia is initiating new assistance  programs in the form of tax preferences for organizations and individual entrepreneurs operating in the ICT sector.

ArmInfo. As of October 31, 2024, the consolidated budget of the Republic of Armenia received 1  trillion 970.1 billion drams in tax revenues, which is 75.4% of the program indicator for the year in the amount of 2 trillion 613.6 billion (24.9% of GDP).

ArmInfo. Steps will be taken in Armenia to improve the quality of salary fund management. At its  session on November 11, the RA National Assembly Committee on State and Legal Affairs issued a positive conclusion on the amendments to the law "On remuneration of persons holding state and civil service  positions" submitted by the country's government. 

ArmInfo. The public perception of the mining industry is often distorted. Many believe that this  industry harms the environment, while the true significance of its contribution to the development of the country remains in the shadows.

ArmInfo.Currently, the demand for copper is about 30 million tons, and it is expected to grow by about two times. This was stated on November 8 at a seminar for journalists in Kapan, dedicated to the topic of "Mining industry and the agenda of economic development of Armenia", Deputy Director of the Zangezur Copper and Molybdenum Combine (ZCMC) Vardan Janyan.

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ArmInfo. In Armenia's foreign trade structure, the lion's share of imports comes from Russia - 57%, while exports go to the UAE - 42.9%, compared to 25.9% and 12.9%, respectively, from a year ago.

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ArmInfo.  The Ministry of Economy of Armenia has discussed the potential of attracting highly qualified labor from India. As ArmInfo was informed by the press service of the department, a meeting was held at the Ministry,  chaired by Deputy Minister Edgar Zakaryan. In attendance were Deputy  Minister of Labor and Social Affairs Ruben Sargsyan, members of the  Indian organization NSDC (National Skill Development Corporation)  International Limited, as well as representatives of Armenian  business organizations and unions.

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ArmInfo. The launch of the program was announced in Yerevan.