Armenia’s National Assembly has discussed today the ratification of the protocol on accession to the Agreement of December 23, 2014 on the exchange of information in the financial sector, including confidential information, to create conditions for ensuring the free movement of capital in financial markets of the Eurasian Economic Union (EEU) member states
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Archive for September, 2020
Armenia set to join EEU agreement on exchange of confidential information in the field of finance
Thursday, September 17th, 2020ADB implementing programs to enhance seismic safety of schools in Armenia
Thursday, September 17th, 2020Prime Minister of Armenia Nikol Pashinyan attended Tuesday the opening of Basic School No. 153 named after Rafael Ishkhanyan in Yerevan, Armenia. The newly renovated and seismically safe school is supported by the Asian Development Bank (ADB)
ACBA-CREDIT AGRICOLE BANK launches new generation digital platform
Wednesday, September 16th, 2020The ACBA-CREDIT AGRICOLE BANK said today it has launched a new generation digital platform ACBA Digital that allows customers to use numerous banking services both on the Internet and through mobile applications
Armenia raises amounts of insured bank deposits in drams and foreign currencies
Wednesday, September 16th, 2020Armenia’s National Assembly approved September 15 in the second and final reading a set of amendments to the law insuring individual bank deposits, proposed by the opposition Prosperous Armenia party
Armenian Central Bank inclined to consider room for easing refinancing rate
Wednesday, September 16th, 2020The Central Bank of Armenia is inclined to consider in the near future the possibility of easing the refinancing rate, Central Bank Chairman Martin Galstyan told reporters on Tuesday.
In his words, with regard to the magnitude of the change, everything will be clear at the next meeting, which will take place in eight weeks
Deposit interest rates in Armenia showing downward trend
Wednesday, September 16th, 2020Deposit interest rates in Armenia are showing a downward trend, and credit rates are still unchanged, Central Bank Chairman Martin Galstyan told reporters on Tuesday.
The Board of the Central Bank of Armenia, at a meeting on Tuesday, decided to reduce the refinancing rate by 0.25 percentage points and set it at 4.25%. The rate of the Lombard repo provided by the Central Bank was 5.75%, and the rate on funds attracted by the Central Bank from other banks was 2.75%
ADB expects 4% economic decline and 1.4% inflation in Armenia in 2020
Wednesday, September 16th, 2020The Asian Development Bank (ADB) has revised its outlook for Armenia’s economy to a 4% decline from the minus 3.5% projected previously, in April, the bank’s press service reported on Tuesday
Armenian Central Bank says 2020 GDP drop will amount to 6.2 percent
Tuesday, September 15th, 2020Armenia’s Central Bank has revised its GDP decline forecast for 2020 to 6.2% , Central Bank Chairman Martin Galstyan told reporters on Tuesday
Armenian central bank downs refinancing rate by 0.2 p.p. to 4.25%
Tuesday, September 15th, 2020The Board of the Central Bank of Armenia decided Tuesday at its meeting to reduce the refinancing rate by 0.25 percentage points and set it at 4.25%, the press service of the regulator reports
HSBC Group allocates additional USD15, 000 to alleviate the impact of COVID-19 in Armenia
Wednesday, September 9th, 2020COVID-19 pandemic has made the digital transformation vitally important. Going online and shifting to online platforms have become a necessity, bringing over certain challenges for many businesses and individuals in Armenia, HSBC Bank Armenia said in a press release today
