ArmInfo. During the regular Board meeting of the Union of Banks of Armenia (UBA), Chief Executive Officer and Chairman of the Executive Board of ARARATBANK OJSC Mher Ananyan was elected as new Chairman of the UBA Board. He will replace Gevorg Machanyan, Executive Director and Chairman of the Management Board of ARMSWISSBANK CJSC, who chaired the Union in 2021-2022.

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ArmInfo. For the fifth consecutive year, HSBC Bank Armenia CJSC (hereinafter HSBC Armenia/Bank) has been recognized as the “Market Leader” for Corporates by Euromoney Cash Management Survey. The Bank has also been named as the “Best Service Bank” for Corporates.

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ArmInfo.As part of the development of the digital transformation strategy, Ameriabank  continues to create a reliable financial and technological  environment.  This time, the Bank supplemented its Ameria Business  platform, which was launched in 2018, with a new service that allows  you to register an online business - to open an IE (Individual  Entrepreneur), without visiting a bank branch.

ArmInfo.On 26 October, S&P Global Ratings assigned its 'B+/B' long- and short-term issuer credit ratings to Ardshinbank CJSC with Stable Outlook.  The rating is on the level of the Sovereign of Armenia.

ArmInfo.Managing foreign exchange (FX) risk has become a major theme in the current market environment. This renewed focus on FX can be explained by the significant increase in FX volatility, and is of special attention to those specializing in goods and services cross-border trade.

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.Global Finance has announced its annual rankings of the World’s Safest Banks 2022, with Ameriabank named the Safest Bank in Armenia for the second year in a row.

ArmInfo. The European Bank for Reconstruction and Development will provide a $4 million loan to HSBC Bank Armenia, the EBRD said in an official statement.  It is noted that $3 million will be provided directly by the EBRD and $1 million by the Green  Climate Fund (GCF) under the Regional Green Economy Financing  Facility (GEFF).

ArmInfo. Prime Minister of Armenia Nikol Pashinyan received the founder and CEO of the Austrian "C-Quadrat Investment Group" Alexander Schutz and the delegation led  by him. The press service of the Prime Minister reports.  The Prime  Minister emphasized the involvement of "C-Quadrat" (jointly with the  German company "Ampega Asset Management") in the process of managing  pension funds of Armenia, in the person of C- Quadrat Ampega Asset  Management Armenia LLC.

ArmInfo.  The 2nd meeting of the Investment Committee was held under the chairmanship of the Prime Minister of Armenia. 

ArmInfo.From December 15, FLYONE ARMENIA will start operating flights on the  Yerevan-Milan-Yerevan route. This is stated in the message of  "Armenia" International Airports" CJSC.

ArmInfo. From 26 September 2022 Wizz Air started operating flights on the route Rome-Yerevan-  Rome. Flights will be operated twice a week: every Monday and Friday.

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ArmInfo. The winner of the Buissup Global Forum 2021 of the Text`nPayme program will represent Armenia at the Entrepreneurship World Cup 2022 (EWC). This is stated  in the message of the "Electric Networks of Armenia" CJSC. 2 startups  will represented Armenia  at the international Entrepreneurship World  Cup competition, one of which is the Text'nPayme program - the winner  of the Buissup Global Forum 2021.

ArmInfo.Deutsche Telekom AG, a German telecommunications company that is headquartered in Bonn, plans to launch activities in Armenia. On August 30, the Union of  Manufacturers and Businessmen of Armenia (UMBA) hosted a delegation  of Deutsche Telekom AG led by Mathijs Dijkhuizen, a member of the  Telecom IT Leadership team.

ArmInfo.TVEL JSC and Armenian Nuclear Power Plant CJSC signed contract for the supply of Russian nuclear fuel. The delivery will be completed in the fourth  quarter of 2022, which will fully meet the current needs of the  Armenian NPP in fresh nuclear fuel. The TVEL company reports.

ArmInfo. The Government of Armenia has accepted as a gift 6.875% of the shares of Zangezur Copper-Molybdenum Combine CJSC from AMP Holding and transferred it to  the Armenian National Interest Fund (ANIF) for trust management. The  decision was made on August 24 at a government meeting.