ArmInfo.

ArmInfo. Non-interest incomes from currency transactions remain the main factor of the unprecedented increase in the Armenian banks' profits, according to the data of the ARMINFO- compiled Express Ranking of Armenia Banks for September 30, 2022.  According to the data, the total net profits of the banks showed a  2.8-fold year-on-year increase, up to AMD 187.8 or $463mln at the  current exchange rate. 

ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo. Economically, the highway through the Caucasian Range which is under construction in  Georgia now will be the shortest route for delivering Armenian  cargoes to Russia, Gagik Aghajanyan, Executive Director of the Apaven  foreign forwarding company, said in an interview with ArmInfo. 

ArmInfo.According to the results of the three quarters of 2022, the Zangezur Copper-Molybdenum Combine, which is part of the GeoProMining group of companies, retained its leadership among the taxpayers of the Republic of Armenia.

ArmInfo.

ArmInfo.

ArmInfo. Money transfers from Russia to Armenia for 8 months of 2022 amounted to $1.9 billion. This is evidenced by the data of the Eurasian Development Bank.

ArmInfo. Switzerland’s Symbiotics Investments ranks Armenia in fourth place, along with Peru and Uzbekistan, in terms of the volume of investments it provides. The firm is the largest private investor in the country’s financial sector, providing resources for the development of small and medium-sized businesses. Symbiotics Investments Regional Manager Alexandr Fando provided this information during a conversation with an ArmInfo correspondent during the celebration of the first anniversary of the opening of the regional office in Yerevan.

ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo.This January-September 2022, Armenia's national debt increased by AMD $705.9 or by 7.7%, up to $9,963.6mln. AMD appreciation (15% USD depreciation against the  AMD this January-September - AMD 480/$1 to 405/$1) caused a 9%  decrease in Armenia's national debt or by AMD 398.1bln, down to AMD  4,031.5bln. 

ArmInfo.

ArmInfo. Zangezur Copper-Molybdenum Combine CJSC (ZCMC) retained its leadership in the list of 1000 largest taxpayers of Armenia in January-September 2022.   This is evidenced by the data of the State Revenue Committee,  according to which during the reporting period the company sent to  the state treasury a total of 129.2 billion drams in taxes ($318.4  million, with a 3-fold y-o-y increase), of which 1.4 billion was paid  for customs duties, 39.2 billion drams - for direct taxes (including  income tax, profit tax), 2.4 billion - for VAT, and 87.5 billion  drams - for other taxes and payments.

ArmInfo. The first national low-cost FLYONE ARMENIA airline has set a kind of record among the country's air carriers, having transported more than 300,000 passengers through Zvartnots International Airport in the first 10 months of this year.

ArmInfo.The budget expenditures for the Armenian Police in 2023, as in the previous 2-3 years, are many times higher than the expenditures for scientific research,  which clearly indicates the priorities of the RA government.

ArmInfo.