Armenia’s foreign debt may increase amid the global recession, Vice-Premier Mher Grigoryan told reporters on Thursday in the National Assembly. “It is possible that external debt will increase. I consider this a normal process, as there is a recession throughout the world,” he said
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Archive for June, 2020
Vice-premier does not rule out increase in Armenia’s foreign debt amid world recession
Friday, June 12th, 2020ACBA-CREDIT AGRICOLE BANK issues American Express Cashback cards in new design and on modified terms
Thursday, June 11th, 2020ACBA-CREDIT AGRICOLE BANK, the exclusive issuer of American Express cards in Armenia, said today it will be issuing American Express Cashback cards in a new special design and on modified terms
Armenian central bank chairman quits office but to continue working at financial and banking system
Thursday, June 11th, 2020Arthur Javadyan, the present chairman of the Central Bank of Armenia, is leaving his post, but will remain in the financial and banking system of the country, Prime Minister Nikol Pashinyan said at a government meeting on Thursday
ACBA-CREDIT AGRICOLE BANK installs online electronic signature of documents
Wednesday, June 10th, 2020ACBA-CREDIT AGRICOLE BANK has installed an online system of electronic signature of documents, expanding the capabilities of remote customer services, the press service of the bank said
Sixty billion drams worth agricultural loans are subsidized by government
Wednesday, June 10th, 2020Agricultural loans in the amount of 60 billion drams provided as part of the government assistance measures, designed to offset the consequences of coronavirus outbreak, are fully subsidized by the government, Economy Minister Tigran Khachatryan said on Wednesday
EBRD provides Inecobank with us$ 25 million loan to expand access to finance for Armenian businesses amid COVID-19 crisis
Wednesday, June 10th, 2020The European Bank for Reconstruction and Development (EBRD) is providing a US$ 25 million loan to InecoBank, a longstanding partner bank in Armenia, for extending support to private companies that have been affected by the economic impact of the coronavirus pandemic
HSBC Armenia and P&T NGO have jointly implemented “Development Prospects” project in marzes of Armenia
Wednesday, June 10th, 2020On June 5, 2020, the official closing ceremony of the “Development Prospects” was held remotely, HSBC Bank Armenia said
ACBA-CREDIT AGRICOLE BANK announces contest #wearmasks #savelives #acbacares
Monday, June 8th, 2020The ACBA-CREDIT AGRICOLE BANK has announced a contest called #WearMasks #SaveLives #acbacares, saying in a press release that five selected winners will receive a laptop each as a gift
Non-cash transactions in Armenia exceed cash transactions
Friday, June 5th, 2020The spread of coronavirus and strict quarantine measures throughout the world are forcing people to change their habits. The pandemic has also indirectly influenced the behavior of people when making payments, purchases, and various transactions, the press service of the Union of Banks of Armenia says
Ratio of public debt to GDP in Armenia is 53.6%, but it is fully manageable – Janjughazyan
Friday, June 5th, 2020The ratio of public debt to GDP in Armenia is 53.6%, but it is fully manageable and there is the possibility of attracting new funds, Finance Minister Atom Janjughazyan said on Friday, speaking at the National Assembly at the hearings on the 2019 budget performance
