ArmInfo. In the banking sector of Armenia, the volume of lending accelerated in growth in 2023 from 13%  to 21%, reaching 5.8 trillion drams ($14.2 billion). But this was not enough to save profits from the decline, which, after a 3-fold jump in 2022, decreased by 9.2% in 2023, amounting to 229.9 billion drams ($567.9 million). This is evidenced by the data of the Financial Rating of Banks of Armenia as of December 31, 2023, prepared by  ArmInfo. 

ArmInfo.

ArmInfo. Iran is interested in cooperation with Armenia in the mining industry, Deputy Minister of  Territorial Administration and Infrastructures of Armenia Hovhannes Harutyunyan and the Ambassador of the Islamic Republic of Iran to Armenia Mehdi Sobhani stated following their meeting. 

ArmInfo.

ArmInfo.The Armenian government wants to introduce a new agreement format - SAFE (Simple agreement for future equity). At the plenary meeting on March 19, the National Assembly of the Republic of Armenia is discussing amendments to the law "On Joint-Stock Companies" in the first reading.

ArmInfo. The link between the national card systems of Armenia and Russia - ArCa and MIR - will be suspended from March 30. 

ArmInfo.Please be informed that due to the restrictions applied to the operator of the MIR card system, it will not be possible to ensure the full operation of MIR cards in our POS-terminals and ATMs in the territory of Armenia.

ArmInfo.Portfolio of the program for modernizing the economy as of March 1, 2024, amounted to  AMD 228bln. According to the press service of the Ministry of Economy, a total of 3,955 loan and leasing agreements were signed. Over the past 12 months, the portfolio growth amounted to AMD 12bln.

ArmInfo. Regulations related to mobile trade will be extended to the entire territory of Armenia.  At the plenary session on March 19, the National Assembly of the Republic of Armenia is discussing amendments to the law "On Trade and Services" and a package of related documents in the first reading.

ArmInfo.Fly Arna airline has suspended its activities in the air transportation market for  financial reasons, Deputy Minister of Territorial Administration and Infrastructure of the Republic of Armenia Armen Simonyan stated in Parliament on March 19.

ArmInfo. The deputy of the Civil Contract Faction Sisak Gabrielyan proposed the amendment to the  law on Audiovisual Media. According to him, one audio-visual programme is broadcasted by the Public Television Company of Armenia CJSC only in the metropolitan area. The author suggests that the public broadcaster should have a maximum of two audiovisual programmes with nationwide distribution.

ArmInfo. About 700 trucks are waiting to pass through the Upper Lars checkpoint.  Customs attach‚  of the Armenian Embassy in Russia Vahan Hakobyan told ArmInfo.

ArmInfo.

ArmInfo.A series of bilateral meetings took place in Washington between representatives of the Armenian  Ministry of Economy and the US public sector.

ArmInfo. The First News Channel of the Public Television Company of Armenia will be broadcasted not only in Yerevan, but also throughout the country. At a meeting on March 18, the RA National Assembly Standing Committee on Science, Education, Culture, Diaspora, Youth and Sport issued a positive conclusion on the amendments to the Law "On Audiovisual Media" submitted by MP Sisak Gabrielyan.

ArmInfo.Ardshinbank offers an exclusive promotion: "Make cashless purchases, get 10% cashback on your Ardshinbank card." This special offer is available only from March 25th to March 31^st included and is open to holders of all Ardshinbank cards except Meghu and ArCa Sas cards.

ArmInfo.

ArmInfo.At the headquarters of the Eurasian Economic Commission, a meeting was held between the  Minister of Industry and Agro-Industrial Complex of the EEC Gohar Barseghyan and the Chairman of the Board of the Eurasian Development Bank (EDB) Nikolai Podguzov.

ArmInfo. In the near future, consultations will be held in Moscow within the framework of the  Cooperation Agreement between Armenia and Russia in the field of mass telecommunications, Armenia's Minister of High-Technological Industry Mkhitar Hayrapetyan told reporters. 

ArmInfo.