ArmInfo.

ArmInfo. As part of the EU4Business initiative the EU launched in Armenia in July 2021, the European Bank for Reconstruction and Development (EBRD) and Armenian  financial institutions signed EUR 30mln credit lines, Lilit Gharayan  Team Leader EU4Business- EBRD Credit Line Armenia, said at the forum  entitled "EU4Business-EBRD Credit Line in Armenia - Impact to date  and Way Ahead" on April 14.  

ArmInfo.

ArmInfo.

ArmInfo. Russian resettlers, whose number in Armenia, according to various sources, is estimated from 80 to 100 thousand people, not only contributed to high "statistical" economic growth and low "estimated" inflation in the country, but also made it possible to significantly strengthen the resources of the Armenian banking system.  However, Armenia, having benefited from both people and capital, has appeared under the powerful sanctions lens of the Western countries, which is seriously concerned about the possibility of circumvention of anti-Russian sanctions by countries friendly or neutral to Russia. Armenian banks were immediately warned that they must strictly follow the international regulations against the legalization of proceeds from crime (money laundering) and put up serious barriers to clients' attempts to circumvent anti-Russian sanctions in the course of trading activities.  By and large, by March last year, Armenian banks were not ready for such a turn, and therefore they began to actively implement the so-called compliance control and its tough “barrier” tools.

ArmInfo. The U.S. is interested in developing cooperation with Armenia in the technological field.  This was stated during the meeting of the Minister of High-Tech Industry of Armenia Robert Khachatryan with Ambassador Extraordinary and Plenipotentiary of the United States to Armenia, Mrs. Kristina Alyson Kvien.

ArmInfo.The World Bank's Board approved today a new EUR 92.3 million (US$100 million equivalent) loan for the Armenia Green, Resilient and Inclusive Development  Policy Operation (DPO). This is stated in the message of the WB.

ArmInfo. Minister of Economy of Armenia Vahan Kerobyan received Ambassador Extraordinary and Plenipotentiary of Brazil to Armenia Fabio Vaz Pitaluga.  According  to the press service of the Ministry of Economy, the parties  discussed issues related to strengthening the Armenian-Brazilian  trade and economic ties, deepening cooperation in the field of  agriculture, as well as export and import opportunities.

ArmInfo.

ArmInfo.AraratBank joined the United Nations WEPs initiative back in September 2022, being the first among Armenian commercial banks that year.

ArmInfo.From March 10 to March 12, IDBank takes part in the DigiTec Expo exhibition, presenting its products in a joint booth with Idram.

ArmInfo. On March 9, the Armenian government approved the signing of an agreement with the government of the Russian Federation on the sale and purchase of the Russian Federation's share in the paid-in authorized capital of the Eurasian Development Bank (EDB).

ArmInfo.Converse Bank has prematurely completed the placement of his bonds with total amount of 3 billion AMD and 10 milion USD.The bonds will soon be listed on the AMX-Armenia stock Exchange, after which they will be put into circulation on the secondary market.

ArmInfo. Head of the economic research office of the ARF Bureau, economist Suren Parsyan suspects  the Armenian State Revenue Committee of protectionism towards "Yerevan City".

ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo.In February and March 2023, "The Power of One Dram" will support a project to install solar water heaters in Artsakh.

ArmInfo. Armenia's government will facilitate employment in the country's textile  industry. Armenia's Deputy Minister of Economy Rafael Gevorgyan said that the  period from 2020 to 2030 is declared a period of industrial  production development.