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    March 2021
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  • Archive for March, 2021

    Armenia's public debt grew by 13.9% in 2020 to 67.3% of GDP, according to Eurasian Development Bank

    Wednesday, March 31st, 2021

    Although Armenia’s public debt grew by 13.9% in 2020 to 67.3% of GDP, it remains within manageable limits, Alexey Kuznetsov, the head of the Country Analysis Center at the Eurasian Development Bank (EDB) said on Wednesday

    World Bank: Armenia experienced one of region’s sharpest GDP contractions of .6 percent

    Wednesday, March 31st, 2021

    In 2020, Armenia experienced one of the region’s sharpest GDP contractions—7.6 percent—as a severe COVID-19 outbreak and a military conflict with Azerbaijan late in the year impacted performance, according to World Bank’s latest ‘Europe and Central Asia Economic Update, Spring 2021

    AMX was awarded as Best Securities Exchange South Caucasus 2021

    Wednesday, March 31st, 2021

    For the second consecutive year, Armenia Securities Exchange (AMX) has been recognized as the “Best Securities Exchange in South Caucasus 2021” by Global Banking and Finance Review, AMX said in a press release

    VTB Bank (Armenia) offers holders of MasterCard World Black Edition cards unlimited access to Wi-Fi network while traveling around the world

    Monday, March 29th, 2021

    As part of the Privilege service package, VTB Bank (Armenia), together with the MasterCard international payment system has launched the Boingo Wi-Fi program for its premium customers based on the MasterCard World Black Edition card

    Fitch Affirms Armenia at 'B+'; Outlook Stable

    Monday, March 29th, 2021

    The impact of the twin Covid-19 pandemic and conflict shocks saw Armenian government indebtedness reverse its prior downward trend, with general government debt/GDP rising 13.8pp to 67.3% at end-2020, overtaking the current ‘B’ median (63.8%), Fitch Ratings said last week after affirming Armenia’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at ‘B+’ with a Stable Outlook

    Fitch Ratings: effects of Armenia's defeat in Nagorno-Karabakh war likely to persist.

    Monday, March 29th, 2021

    Fitch Ratings said it has affirmed Armenia’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at ‘B+’ with a Stable Outlook

    The 100th Anniversary of Establishment of Petros Adamyan Armenian State Drama Theater in Tbilisi

    Thursday, March 25th, 2021

    Armenian performances have been organized in Tbilisi, Georgia, since the 1820s. The Armenian theater as a professional structure was founded in 1858 and became a direct successor of the best traditions of the Eastern Armenian theater, undertaking the creation of a new Armenian theatrical art, Armenia’s Central Bank said today in a press release

    ARARATBANK honored with STP Quality Award 2020 by Raiffeisen Bank International

    Thursday, March 25th, 2021

    For the eighth year running, AraratBank has been honored with STP Quality Award by Austria-based Raiffeisen Bank International AG

    VTB Bank (Armenia) expanding its partner network and car lending opportunities together with Kia Motors

    Wednesday, March 24th, 2021

    VTB Bank (Armenia) keeps on expanding its partner network and car lending opportunities, unveiling attractive offers designed specifically for its customers wishing to purchase new cars from car dealerships, the bank said in a press release

    The 21st issue of bonds of "National Mortgage Company" RCO CJSC to be listed on the Armenian Securities Exchange

    Wednesday, March 24th, 2021

    As stated in the Bank, the nominal coupon bonds of the 21st issue of “National Mortgage Company” RCO CJSC will be listed on March 24 of this year on the Abond platform of the Armenian Securities Exchange. ARARATBANK OJSC — a member of the securities exchange since January 2009 — will act as a market maker of the bonds above