ArmInfo.It is too early to talk about the threat of overheating in the consumer lending market.  Chairman of the Central Bank of Armenia Martin Galstyan expressed a similar opinion during a press conference on March 12.

ArmInfo.The share of non-cash transactions in 2023 increased to 51% of the total volume In the Armenian plastic card market, (from 40% in 2022), to 3.2 trillion drams ($7.9 billion) in absolute terms. Moreover, the y-o-y growth rate of the volume of non-cash transactions accelerated from 69.7% to 2-fold. The increase in the share of non-cash transactions with Armenian cards resulted from a legislative restriction on cash transactions introduced from July 1, 2022. 

ArmInfo.The Central Bank of Armenia decided to reduce the refinancing rate by 0.25 pp, setting it  at 8.5% - from 8.75.

ArmInfo. After completion of the construction of an alternative route to Lars, the Upper Lars  checkpoint will be passable 365 days a year. Deputy Minister of Territorial Administration and Infrastructures of Armenia Armen Simonyan stated  on March 11 in parliament.

ArmInfo.Ameriabank has been named the Best Bank in Armenia in sustainable finance for 2024. This achievement marks the fourth consecutive win for Ameriabank for funding initiatives designed to mitigate the negative impacts of climate change and help build a more sustainable future.

ArmInfo.The project to create a single gas market in the Eurasian Economic Union has been postponed  until 2027, Armenia's Deputy Minister of Territorial Administration and Infrastructure Hakob Vardanyan stated on March 11 at a meeting of the RA National Assembly Commission on Regional and Eurasian Integration.

ArmInfo.Amounts exceeding the maximum amount of social payments calculated and transferred from  several sources will soon be automatically returned to individuals and there will no longer be a need to contact the tax authority.

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ArmInfo. There cannot be systemic corruption in the Ministry of Economy, in the government.  The newly appointed Minister of Economy Gevorg Papoyan stated during a briefing on March 7.

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ArmInfo. Araratbank intends to develop and implement an ESG strategy that includes environmental,  social and corporate governance as three central factors in assessing the sustainability and impact of the company on the environment, society and the internal governance structure of the Bank, Raisa  Babayan, Environmental and Social Risks Officer, stated at a panel discussion on the topic "Leadership in business beyond legal requirements", within the framework of the annual conference ROBUST ARMENIA-2024.

ArmInfo. Araratbank has adopted a policy consistent with the principles of sustainable development,  because without compliance with ESG (Environmental, Social, Governance) aspects, our well-being and future are impossible, Raisa Babayan, Environmental and Social Risks Officer, stated at a panel discussion on the topic "Leadership in business beyond legal requirements", within the framework of the annual conference ROBUST  ARMENIA-2024.

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