ArmInfo. Converse Bank began issuing and servicing China UnionPay system cards - UnionPay Gold and  UnionPay Platinum. This was noted in a message issued by Converse Bank on May 27.

ArmInfo. Rostelecom Armenia announced the beginning of rebranding and will henceforth operate under the new brand OVIO.

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ArmInfo. In Armenia, the price index of industrial products began to rise. Thus, in January-April  2024, the price index for industrial products totaled 100.7% (versus 98.9% in the same period in 2023). This was observed against the backdrop of a sharp acceleration in the y-o-y growth of the industrial sector from 2.4% to 26.8% in January-April 2024, providing volumes of 953.3 billion drams ($2.4 billion).

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ArmInfo.Team Telecom Armenia announced the resumption of cellular communications in most of the  city of Alaverdi, fixed-line communications and the Internet are partially available.

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ArmInfo. The banking system of Armenia has begun actively lending to the economy and population, but the industrial sector remains the 'Achilles heel' of the loan  portfolio, according to the data of the Financial Rating of Banks of  Armenia as of March 31, 2024, prepared by ArmInfo.

ArmInfo. Representatives of civil society in Armenia will have the opportunity to monitor the  implementation of contracts concluded as a result of procurement procedures.  The decision on this was made at a government meeting on May 23. 

ArmInfo.The year 2023 has become quite successful in terms of effective management of state  property. The Minister of Territorial Administration and Infrastructure of the Republic of Armenia Gnel Sanosyan stated this at a government meeting on May 23, presenting a report on the implementation of the state property management program for 2021-2023 in 2023.

ArmInfo. Armenia is introducing a ban on the export of scrap and goods made of ferrous and non-ferrous metals from the country. The decision on this was made at a meeting of the RA government on May 23.