ArmInfo. VTB plans to launch a pilot project for cross-border transfers of individuals to the CIS countries through the Faster Payments System (FPS) this autumn.   Anatoly Pechatnikov, Deputy Chairman-Mgmt Board at VTB Bank, said  this in an interview with the Rossiya 24 TV channel.

ArmInfo. RA Minister of Finance Tigran Khachatryan received Maciej Czura, Head of European Investment Bank (EIB) Regional Representation of the South Caucasus. 

ArmInfo. Armenia's mineral resource industry has failed and solving the existing problems requires higher standards, Oleg Dulgaryan, Head of the Community Support Center,  stated at a discussion on Minerals Industry Development Strategy. 

ArmInfo. The Russian retail chain Magnit is interested in Armenian products, Anatoly Vilkov, Manager, Fresh Product Import Department, Magnit retail chain, stated  during his talks with RF Trade Representative in Armenia Anna  Donchenko. 

ArmInfo.Euromoney has named Ameriabank the Best Bank of Armenia in its Awards for Excellence 2022, which were announced at a ceremony in London. The prestigious Awards, run since 1992 by a leading European finance magazine, evaluates levels of financial performances, the service quality, product innovation, digitalization and other achievements across the banking industry.

ArmInfo. Due to the revaluing of the dram Armenian developers are losing up to 25% of their income. Artak Andreasyan, a member of the Council of the Association of  the  Armenian Developers, stated this during a press conference on July 18.

ArmInfo. Armenian Minister of Economy Vahan Kerobyan took part in the meeting initiated by the US Chamber of Commerce, which was attended by representatives of the  business sector.

ArmInfo.The Russian ruble began to rapidly depreciate against the US dollar at the end of February amid the Russian-Ukrainian conflict and Western sanctions. Its course rose  to 120 rubles.

ArmInfo.The loss rate for compulsory motor third-party liability insurance (CMTPLI) is going down - 65% in the first half of 2022 against 81% in the first half of  2021, and 73% in 2019. The cause is a 19.7% year-on-year increase in  the number of insurance contracts, which caused a 21.4% increase in  insurance premiums, up to $29mln, with a simultaneous 8.7% decline in  insurance indemnities, down to $18.7mln, the Armenian Motor Insurers'   Bureau reports.  

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ArmInfo. Today FLYONE ARMENIA provides the widest network of flights. Chairman of the Board of the   airline Aram Ananyan stated this during a press conference on July  15.

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ArmInfo.The law " On non-cash transactions ", which came into force on July 1, according to the most conservative estimates, will cost the business about $1 million  per month in bank commissions alone. Economist Karlen Khachatryan  wrote about this on his Facebook page.

ArmInfo. On July 15, Prime Minister of Armenia Nikol Pashinyan received Minister of Transport of the Russian Federation Vitaly Savelyev and the delegation headed by him.

ArmInfo.AraratBank comes up with a completely new offer for AraratBank account holders.

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ArmInfo. Starting July 23, Rossiya Airlines will start operating direct flights on the  Volgograd-Yerevan route. This is stated in the message of the airline.

ArmInfo.The Golden Palace Hotel in Tsaghkadzor will be managed by the world-famous Mercure  brand owned by French  Accor Group . MP from the ruling "Civil  Contract" faction Vagharshak Hakobyan informed about this on his  Facebook page.

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ArmInfo. Equal conditions for producers need to be created for all the Eurasian Economic Union (EAEU) member-states, Artak Kamalyan, Minister in charge of Industry  and Agriculture of the Eurasian Economic Commission, stated at a  meeting of the EEC Board.