ArmInfo.Since June of this year, re-export of precious metals has ceased to play a significant role in the economy of Armenia, and the contribution of net exports to economic growth in the first half of the year has become negative.  This is stated in the latest Macroeconomic Review of the Eurasian  Development Bank (EDB) for October, published today.

АрмИнфо.С радостью сообщаем, что в рамках международной конференции Sibos 2024, проходящей в Пекине, ОАО «Конверс Банк» подписало рамочное соглашение с узбекским АКБ Kapitalbank. 

ArmInfo. An International Monetary Fund (IMF) team, led by Iva Petrova, visited Yerevan from September 18 to October 1, 2024, and held further virtual discussions afterwards for the fourth review under the Stand-By Arrangement (SBA) with Armenia. At the conclusion of the discussions, Ms. Petrova issued the following statement:

ArmInfo.IDBank and Idram participated in the Mantashyants Global EXPO 2024, which showcased around 120 companies from over 40 different sectors. The exhibition provided a professional platform for business leaders to connect, explore each company's unique features, and discover the opportunities they offer.

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ArmInfo.On October 21, Ardshinbank opened a new office at 10 Northern Avenue to serve private clients. The office aims to provide clients with a comprehensive package of services, taking into consideration the importance of an individual approach, saving the clients’ time and their premium status.

ArmInfo.Armenia and Belgium have many opportunities to expand cooperation in technology and innovation. This was stated by Gevorg Papoyan, the  Minister of Economy, during a meeting with Eric De Muynck, the Ambassador of the Kingdom of Belgium to Armenia.  He also mentioned the potential for joint initiatives, given the opportunities presented by Armenia's free economic zones.

ArmInfo.AraratBank announces the launch of the UBPAY system, enabling customers to send and receive money between the Russian Federation and the Republic of Armenia.

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ArmInfo.There is no consensus yet on the issue of unblocking the railway. Deputy Prime Minister of the Republic of Armenia Mher Grigoryan told journalists on October 21.

ArmInfo.IDBank participated in the HR Expo 2024, presenting its exclusive solution for the payroll system, the IDsalary package. HR Expo 2024 is a B2B event in Yerevan that brings together business founders, HR enthusiasts, and People Ops professionals to explore the latest products, services, and advanced management tools. The one-day event is a key opportunity to share knowledge and explore new trends in HR management technologies and solutions.

ArmInfo.Ameriabank has presented its innovative digital platform MyBusiness at the Real Business forum. This platform is unprecedented not only in the Armenian market, but also in the region.

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ArmInfo. Vache Terteryan, the  Deputy Minister of Territorial Administration and Infrastructure of Armenia, discussed a number of issues regarding the Kaps reservoir construction during at a meeting with the delegation of KfW Bank. 

ArmInfo. The Central Bank of Armenia increases the regulatory surcharge - the countercyclical capital buffer (CCB) from 1.5% to 1.75% of risk-weighted assets, with this norm coming into force on May 1, 2025. As noted in today's message of the Central Bank of Armenia, the Board of the Central Bank made such a decision on October 15 this year, based on a  comprehensive analysis of the macro-financial and credit market  developments.

ArmInfo. As of October 1 of this year, the portfolio of the program for modernization of the economy aimed at stimulating production amounted to 319 billion drams, which is 84.4% higher than the figure for the previous year. This was reported by the press service of the Ministry of Economy.

ArmInfo.The Armenian authorities will tighten control over crypto assets for better traceability of financial flows. At a meeting on October 18, the  National Assembly Committee of the Republic of Armenia issued a  positive conclusion on the amendments to the Criminal Code, the Law  on Non-cash Transactions and a package of related documents submitted  by the country's government.

ArmInfo. We have conducted several meetings with the company that operates the Sotk mine, which  has resulted in reinstatement of certain employees in their positions, as stated by Karen Sargsyan, the Governor of the Gegharkunik region, during a conversation with reporters.  He noted that at this point, new jobs have already been created. , Sargsyan said.

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