ArmInfo.

ArmInfo. The international exhibition "Mobile World Congress 2024" started on February 26 in  Barcelona, Spain, reported by the press service of the Ministry of High-tech Industry.  

ArmInfo. The inaugural investment and financial forum in Armenia is scheduled to take place  on March 5, 2024, at Dvin Music Hall. 

ArmInfo.First Deputy Minister of High-Tech Industry of the RA Gevorg Mantashyan participated in the "Seaside Startup Summit UAE 2024" educational business conference in the emirate of Ras Al Khaimah, United Arab Emirates.

ArmInfo. S&P Global Ratings affirmed its 'BB-/B' long- and short-term foreign- and local-currency sovereign credit ratings on Armenia. The outlook on the long-term ratings is stable.

ArmInfo.  Within the framework of the EU4Business "Innovative Tourism and Technology  Development for Armenia" (ITTD) project, 150 companies were established, that received technical and financial support, 126 received grants and more than 350 took part in various ITTD programs.  Vassilis Maragos, head of the EU mission in Armenia, announced during the concluding event held at the National Centre of Chamber Music on February 23.

ArmInfo. Armenia is ideally positioned to offer India an alternative sea trade route, especially  with Europe, Narek Mkrtchyan, the country's minister for Labor and Social Affairs, said on the sidelines of the ninth edition of the Raisina Dialogue in the national capital on Wednesday.

ArmInfo.Reacting to the objective dissatisfaction of citizens, the Armenian authorities decided not to tax Armenian citizens who went to work abroad for a period specified by law if they paid income tax in the country where the income was received, Chairman of the State Revenue Committee Rustam Badasyan stated on February 23 at a meeting of the Cabinet of Ministers.

ArmInfo. The online service of Telecom Armenia OJSC provides an opportunity for users to purchase  a SIM card in eSIM format through the My Team mobile application, without visiting the service office; remote identification, subscriber registration, and activation of the service occur using a mobile application. The operator provides an opportunity to securely download the application for the eSIM card to the subscriber's  device. 

ArmInfo.Ria Money Transfer international money transfer service has recognized Ardshinbank as the Partner of the Year for achieving great results during 2023 and supporting Ria Money Transfer business growth.

ArmInfo.The overall growth rates of Armenia's international trade turnover for 2023 are marked by unprecedented achievements, however, the structure of exports and imports, unfortunately, indicates the presence of significant imbalances and shifts containing significant long-term macroeconomic risks, Doctor  of Economy Aghasi Tavadyan told ArmInfo. 

ArmInfo. The main driver of economic growth in Armenia in 2024 may be the utilization of the  country's competitive advantages in the context of using the opportunities of the free economic zone between Iran and the EAEU. A similar opinion was expressed by Tatul Manaseryan, Doctor in Economics, Professor, Head of the Alternative Research Center, member of the Eurasian Expert Club during a press conference on February 20.

ArmInfo.

ArmInfo. The entry of a bank with an international brand into the financial market of Armenia is always desirable and important, Chairman of the Union of Banks of Armenia Daniel Azatyan stated during the final press conference on February 20, speaking about the deal to acquire Bank of Georgia Group PLC (BOGG) of one of the leading Armenian banks Ameriabank CJSC.

ArmInfo.

ArmInfo. Armenia will join the agreement of the countries of the Eurasian Economic Union on the mutual recognition of bank guarantees in public procurement. In general, this should facilitate the participation of the Armenian companies from the Republic of Armenia in the state and municipal procurements taking place in the EEU market.

ArmInfo. The net inflow of private transfers to Armenia decreased by 36% in 2023, in absolute  terms it decreased from $2.6 billion to $1.7 billion. As evidenced by the dynamics of 2022, this figure showed an unprecedented threefold increase.

ArmInfo. Ameriabank (the Bank) has reached an agreement with the BOGG (the Group), a UK registered financial group, to join the latter as a standalone entity and the Group to become the main shareholder of the Bank, with the European Bank for Reconstruction and Development (“EBRD”) retaining their 10% shareholding in Ameriabank.

ArmInfo.  Bank of Georgia Group PLC ("BOGG" or the "Group") announces the proposed acquisition  of 100 per cent. of a leading bank in Armenia, Ameriabank CJSC ("Ameriabank"), for approximately $303.6 million. This acquisition will significantly enhance the Group's presence and growth opportunities within a fast-growing and attractive market, according to BOGG's official statement.

ArmInfo.Ameriabank maintains leadership in the banking system of Armenia in terms of the volume of  mortgage loans with a market share of 21.3% at the end of 2023. This is noted in the bank's message.