ArmInfo.Fitch Ratings has upgraded Armenia's Long-Term Foreign-Currency Issuer Default Rating  (IDR) to 'BB-' from 'B+'. The Outlook is Stable. This is stated in the message of the agency.

ArmInfo. There is practically no policy aimed at developing high value-added industries in Armenia.  This, in fact, is evidenced by the data of both the RA Statistical  Committee and the list of the largest domestic taxpayers. Doctor of  Economic Sciences, Professor Ashot Tavadyan expressed a similar point  of view in an interview with ArmInfo.

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ArmInfo.Andranik Grigoryan, the CEO of Converse Bank, addressed key topics in an interview with AmCham magazine, including customer interests, digital financial services improvement, and Converse Bank's digital team organization. Read the full interview with Andranik Grigoryan.

ArmInfo.Areas of activity that are characterized by a high degree of profitability may be deprived of  the right to be considered micro-entrepreneurship entities and, accordingly, enjoy a preferential tax regime, Armenia's Deputy Minister of Finance Arman Poghosyan told a press conference as he commented on expected changes in taxation of microbusinesses. 

ArmInfo.EasyPay, one of the leading fintech platforms in Armenia, is excited to introduce the highly anticipated "Invite a friend" feature in their easywallet app. The new feature includes user rewards and promotes the ease and benefits of digital payments to a wider audience.

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ArmInfo.In order to support the technology and education sectors, stimulate innovative ideas and  start-ups, Team Telecom Armenia has become a technology partner of  the already traditional Sevan Startup Summit.

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ArmInfo.American famous S&P Global Ratings company has improved the outlook on Ardshinbank, revising it to “Positive” from “Stable” and has affirmed 'B+/B' long-term and short-term issuer credit ratings on the bank.  Thus, the rating assigned to the Bank is equal to the sovereign rating level of the Republic of Armenia.

ArmInfo.At the end of H1 2023 two Armenian banks, Ameriabank and Ardshinbank entered the TOP-5 of the list of 1000 largest taxpayers in Armenia, ranking 4th and 5th,  respectively, in annual terms (from 18th and 24th in H1 2022). This  is evidenced by the data of the State Revenue Committee of Armenia.

ArmInfo.On July 26, RA Minister of Finance Vahe Hovhannisyan received Dr. Mehdi Raissi, the  International Monetary Fund  (IMF) Resident Representative in Armenia  in connection with the completion of his mission in Armenia and Mr.  Umang Rawat, who replaced him at this post. Deputy Ministers of  Finance also attended the meeting.

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