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    November 2019
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  • Archive for November 15th, 2019

    Armenian central bank concerned over fast growth of consumer loans portfolio

    Friday, November 15th, 2019

    The Central Bank of Armenia is concerned over the fast growth of consumer loans portfolio, Arthur Javadyan, the chairman of the regulator said on Thursday during discussion of the 2020 draft government budget at a regular cabinet meeting

    Taxes paid by commercial banks in Armenia up 9.4 percent

    Friday, November 15th, 2019

    Seventeen Armenia-based commercial banks paid a total of 42.3 billion drams in taxes for the first nine months of 2019, the Union of Banks of Armenia reported

    Armenia to get €45.8 million budget assistance loan from IBRD

    Friday, November 15th, 2019

    The International Bank for Reconstruction and Development (IBRD) will provide Armenia with a budget assistance loan worth €45.8 million, First Deputy Finance Minister Karen Brutyan said during a government meeting on Thursday

    Armenia to bring bankruptcy procedures in line with requirements of doing business rating

    Friday, November 15th, 2019

    Armenia’s Parliament has approved today in the first reading a set of amendments to the Law on Bankruptcy, which are designed to bring this procedure in line with the requirements of the World Bank’s Doing Business rating