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  • Archive for October, 2021

    Ostrich farm founded in Masis

    Monday, October 18th, 2021

    Armenak Asatryan, who founded an ostrich farm in Masis, moved to Armenia 4 years ago. He started the farm after studying the international experience in this area

    Armenia’s annual lending drops by 12% in first half of 2021 to 2 percent –BSTDB

    Monday, October 18th, 2021

    Lending rates have increased in Turkey and Armenia, the two countries that began tightening their monetary policies in 2020, while lending growth has slowed significantly, the Black Sea Trade and Development Bank (BSTDB) said in a report

    Make payments via Idram in online stores, get free delivery or a cashback and take part in the draw

    Monday, October 18th, 2021

    If you like to pay through Idram when shopping from online stores, or are just going to make your first payment, then this news will definitely make you happy. In the period from October 14 to 28 of this year, make Idram payments in online stores and get great surprises – free delivery or a cashback

    VTB Bank (Armenia) offers preferential terms for purchase of house in Komitas Park residential complex

    Friday, October 15th, 2021

    VTB Bank (Armenia) has unveiled today preferential terms for the purchase of real estate in the Komitas Park multifunctional residential complex in the administrative district of Arabkir in the capital Yerevan

    Acba bank is first in Armenia to launch international card-to-card money transfers through phone number

    Wednesday, October 13th, 2021

    Acba bank is the first bank in Armenia to launch a new service of international card-to-card money transfers through a telephone number, the press service of the bank reported

    Standard & Poor’s: Armenian government’s general debt to decrease to 48% by 2024 from 53% in 2021

    Wednesday, October 13th, 2021

    The Standard & Poor’s said in a report it projects general government debt of Armenia to decrease to 48% by 2024 from 53% in 2021

    Standard & Poor’s: increased interest rate and dram appreciation should help bring inflation more toward 4% target

    Wednesday, October 13th, 2021

    To stem inflationary pressure, with consumer price index inflation peaking at 8.8% in August, the Central Bank of Armenia has hiked interest rates several times since December 2020, by a total of 300 basis points, Standard & Poor’s said in a report. This, and the recent dram appreciation, should help bring inflation more toward the 4% target over the coming 12-36 months

    Standard & Poor’s (S&P) Global Ratings assigns ‘B+’ long-term foreign- and local-currency sovereign credit ratings to Armenia

    Wednesday, October 13th, 2021

    On October 12, 2021, S&P Global Ratings assigned its ‘B+’ long-term foreign- and local-currency sovereign credit ratings to Armenia. At the same time, it assigned its ‘B’ short-term foreign- and local currency ratings. The outlook is positive. It also assigned its ‘BB-‘ transfer and convertibility assessment to Armenia

    Central Bank of Armenia issues collector coin dedicated to 150th anniversary of Alexander Spendiaryan’s birth

    Wednesday, October 13th, 2021

    On October 13, 2021 the Central Bank of Armenia has put into circulation a silver collector coin dedicated to the 150th anniversary of Alexander Spendiaryan’s birth

    Global Finance names AraratBank the Best Sub-Custodian Bank in Armenia

    Tuesday, October 12th, 2021

    AraratBank has been named the Best Sub-Custodian Bank in Armenia by the professional team of Global Finance renowned magazine