ArmInfo.

ArmInfo.Ameriabank CEO Artak Hanesyan’s interview with Global Finance magazine

ArmInfo.Moody's Investors Service ("Moody's") has today upgraded IDBank's long-term local and foreign currency bank deposit ratings to B1 from B2 and changed the outlook on these ratings to stable from positive.

ArmInfo. The International Monetary Fund (IMF) forecasts per capita GDP growth in Armenia in 2023 to $8,029 (from actual $6,569 in 2022), with further y-o-y increases to $8,352 in 2024 and $8,967 in 2025. IMF reports, also providing an improved forecast for Armenia's GDP growth for 2023 from the previous 5.5% to an updated 7%, with a slowdown to 5% in 2024 and to 4.5% in 2025.

ArmInfo.

ArmInfo. The International Monetary Fund (IMF) has opened Armenia's access to a loan of approximately $24.4 million (SDR 18.4 million) under the Stand-by Agreement (SBA), bringing the total access amount to approximately $73.3 million (SDR 55.2 million).  also providing an improved forecast for Armenia's GDP growth for 2023 from the previous 5.5% to an updated 7%, with a slowdown in 2024 to 5% (as previously expected). In terms of inflation, the IMF points to its rapid decline in Armenia, and predicts a return to the target threshold of 4% by mid-2024 and stabilization near this level.

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ArmInfo.The issue of the construction of a new nuclear power unit in Armenia, its combination with the country's energy system, and other technical parameters is under discussion, reads a response of the Ministry of Territorial Administration and Infrastructures of the Republic of Armenia signed by Deputy Minister Hakob Vardanyan in response to a request from ArmInfo.

ArmInfo. Shares of the largest telecommunications operator in Armenia, Telecom Armenia OJSC, have  undergone the listing procedure on the Armenia Securities Exchange|AMX .

ArmInfo.The Central Bank of Armenia has once again improved its  GDP growth forecast for 2023 -  from the previous 7.2% to an updated 8.3%. At the same time, thechief bank revised its GDP expectations for 2024 - towards higher growth of 6.1% (against the previously forecasted 5.6%). Governor of the Central Bank of the Republic of Armenia Martin Galstyan stated on December 12 during a press conference regarding the next reduction in the refinancing rate from 9.5% to 9.25%.

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ArmInfo.

ArmInfo.On December 11, the Alexander Hotel hosted the presentation of “The Cultural Map” by Erin Meyer, a professor at INSEAD International Business School in Paris and an expert in intercultural management. Translated into Armenian and published by Newmag with Ardshinbank’s initiative and financial backing, the event featured insights into the author's creative journey.

ArmInfo.

ArmInfo.

ArmInfo.The Export Insurance Agency of Armenia (ESIA) celebrates its 10th anniversary with the launch of a new third service: insurance for financing capital investments for the organization and development of export-oriented industries.