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  • Archive for July, 2012

    Armenian insurance companies pay 1.1 billion drams in taxes for first half

    Tuesday, July 31st, 2012

    Eight Armenian insurance companies appeared among 1,000 largest corporate taxpayers in the first six months of the year having paid 1.1 billion drams of various taxes, according to the State Tax Service of Armenia, which said also 95.2%, or 1 billion drams were direct taxes.

    Armenia’s july inflation rises by 2.3 percent

    Tuesday, July 31st, 2012

    The inflation in Armenia in July of this year rose by 2.3% from a year earlier, mainly due to a 4.4 percent rise in prices for non-food goods and a 2.3 percent rise in services, according to National Statistical Service.

    Armenian banks pay 15.7 billion drams in taxes in the first half

    Tuesday, July 31st, 2012

    Twenty-one commercial banks operating in Armenia were among 1000 largest corporate taxpayers

    Bank VTB Armenia leader in Armenian bank cards market

    Tuesday, July 31st, 2012

    In the first six months of 2012 VTB Bank (Armenia) was the leading bank in terms of banking cards

    Sberbank’s new investment fund eyes share, pre-ipo deals

    Tuesday, July 31st, 2012

    Sberbank, Russia’s top lender, is creating a new captive investment fund to invest into shares, derivatives and structured instruments, it said in a statement on Monday, according to Reuters agency

    Russian banks to escape worst of eurozone debt crisis- S&P

    Tuesday, July 31st, 2012

    The banking systems of Russia and the former Soviet republics are in little danger of a major hit from the eurozone debt crisis because their direct links with eurozone banks are limited

    Armenia comes the 7th in inflation rate among CIS members

    Tuesday, July 31st, 2012

    The CIS Statistics Committee reported one of the lowest inflations in Armenia at 0.8% in May of this year from December of 2001 among the other Commonwealth countries

    Bank Anelik to draw a free trip to Greece

    Monday, July 30th, 2012

    YEREVAN, July 30. /ARKA /. The head office of Anelik Bank will host a drawing on August 1 to determine a winner among depositors of its special Vacation deposit offer who will get a free travel to Greece for two. The drawing is for all those who opened Vacation deposits in the bank from October […]

    Armenia: Forex market review for July 23 -27

    Monday, July 30th, 2012

    YEREVAN, July 30. /ARKA/. Last week the U.S. dollar’s average weighted exchange rate at NASDAQ OMX Armenia stock exchange dropped by 1.15% to 407.25 drams with weekly trading amounting to USD 18.30 million, almost four times more than the previous week. The average selling rate of cash dollar fell 79% to 409 drams on July […]

    Metals market: Gold and copper quotes to depend on ecb and federal reserve meetings

    Monday, July 30th, 2012

    Gold prices sharply slashed last week amid the concerns around Spain and Greece