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  • Archive for April, 2013

    VTB Bank (Armenia) refutes the article of an Armenian newspaper

    Thursday, April 25th, 2013

    VTB Bank (Armenia) disproved the accuracy of an article published today in Zhoghovurd newspaper and uploaded to news websites, the bank reported to ARKA

    Armenia lacks long-term socioeconomic development model, Expert says

    Thursday, April 25th, 2013

    Armenia should elaborate a long-term social and economic development model, head of the economy and business institute of Russian-Armenia (Slavonic) University, former minister of finance and economy Edward Sandoyan said

    Penetration rate of payment cards about 90% and of credit cards only 17% in Russia

    Thursday, April 25th, 2013

    Penetration rate of payment cards is currently about 90%, while consumers’ use of credit cards is 17% only, president of Russian GE Money Bank Holger Laubenthal said in his interview to Banks.ru

    Areximbank-Gazprombank Group offers escrow transactions to its clients

    Thursday, April 25th, 2013

    Areximbank-Gazprombank Group customers can now use ESCROW to process their transactions, the bank reported to ARKA on Thursday

    Demonopolization main task in Armenia’s economy today, expert claims

    Thursday, April 25th, 2013

    The most critical problem of Armenia’s economy is its monopolized structure where all goods segments are occupied, head of the economy and business institute of Russian-Armenia (Slavonic) University

    Asia stocks mixed after us durable goods falls, Huffingtonpost reports

    Thursday, April 25th, 2013

    Asian stocks rose Thursday as mixed U.S. corporate earnings and a slump in orders for U.S. durable goods convinced investors that central banks would continue efforts to help the global economic recovery

    Armenia to have exports insuring organization

    Wednesday, April 24th, 2013

    Deputy economy minister Karne Minasian said Tuesday that an organization will be created in Armenia to insure exports

    Central Bank: Independent rating agencies should be established in Armenia

    Wednesday, April 24th, 2013

    Nerses Yeritsyan, deputy head of the Central Bank of Armenia, finds it necessary to create independent rating agencies in Armenia

    ACBA Leasing earned 1.7 billion drams in accumulated profit last year

    Tuesday, April 23rd, 2013

    ACBA Leasing, an affiliate of ACBA-CREDIT AGRICOLE BANK, earned 1.7 billion drams in accumulated profit last year, ACBA-CREDIT AGRICOLE BANK’s chief executive officer, Stepan Gishyan

    Cash-back system activated at Areximbank-Gazprombank Group

    Tuesday, April 23rd, 2013

    “Cash-back” system is now activated at Areximbank-Gazprombank Group, the bank reported to ARKA on Tuesday