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.

ArmInfo.

ArmInfo. An event marking the official launch of the Capital Market Support Program was held in Yerevan, attended by the Deputy Minister of Economy of Armenia, Sevak Mikaelyan.  As reported by the press service of the Ministry of Economy of Armenia, the program aims to enhance the country's capital market and assist corporate companies in issuing bonds and shares. The program is being implemented by the European Bank for Reconstruction and Development (EBRD) with the support of the Ministry of Economy of the Republic of Armenia. The project is funded by the European Union.  Consulting firms Galt & Taggart and Ameria are also involved in the implementation of the project.  "The project aims to raise awareness of capital markets, improve access to them for specific companies and co-finance the costs of attracting financing from the capital market," the Ministry added.

ArmInfo. Converse Bank and the International Finance Corporation (IFC) are collaborating to enhance access to finance for small and medium-sized enterprises in Armenia. As part of this partnership, IFC will provide an unfunded risk sharing facility that covers 50% of the credit risk on a loan portfolio of US$ 10 million equivalent, enabling Converse Bank to expand its lending capabilities to SMEs.

ArmInfo.

ArmInfo.

ArmInfo. 4,479,792 AMD: this is the amount accumulated through "The Power of One Dram" initiative during the month of November, which has been transferred to the Armenia Tree Project (ATP) charitable foundation for its "Backyard Nurseries" program.  This program supports 113 village residents, helping them establish nurseries on their own land. The funds raised through "The Power of One Dram" will be used to purchase the planting material grown in these nurseries, which will then be planted for afforestation efforts.