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  • Archive for May, 2022

    Warsaw Stock Exchange to acquire 65.03% of Armenian Securities Exchange

    Friday, May 20th, 2022

    The Warsaw Stock Exchange (WSE) announced today that its Board of Directors gave a conditional approval to acquisition of 65.03% interest in Armenia Securities Exchange (AMX)

    Some 61,921 cash registers of new generation installed in Armenia so far

    Thursday, May 19th, 2022

    Some 61,921 cash registers of new generation have been installed in Armenia so far, out of which 12,546 have been reactivated to handle also cashless payment, State Revenue Committee Chairman Rustam Badasyan said at a governmental session on Thursday

    Government introduces 10% cashback for pensioners for making cashless transactions

    Thursday, May 19th, 2022

    YEREVAN, May 19. /ARKA/. The Armenian government has approved today a decision that will allow senior citizens to earn a certain amount of cashback if they use their credit or debit cards to pay for purchases.

    Global inflation tracker shows Armenia's inflation in March was 7.4%

    Wednesday, May 18th, 2022

    Russia’s invasion of Ukraine has raised prices for everything from energy to wheat, adding to inflationary pressures worldwide, The Financial Times says

    Real Freedom! How BYBIT P2P allows people from different parts of the world to trade

    Tuesday, May 17th, 2022

    Cryptocurrency can be bought not only directly on the exchange.  BYBIT offers other alternative ways to get the coveted tokens. Moreover, in some cases, buying cryptocurrency through an alternative way, for example, through the Peer-to-peer trading on the BYBIT P2P platform may appear to be more profitable than buying through the exchange

    Arrival of foreigners in Armenia pushed demand up

    Monday, May 16th, 2022

    The arrival of tens of thousands of foreigners to Armenia, mainly from Russia over the last two and a half months, triggered by Russia’s ‘special operation’ in Ukraine, has increased the demand in the local market, but on the other hand, it has become one of the reasons to push inflation up, Hovhannes Khachatryan, Deputy Chairman of the Central Bank of Armenia, said today while presenting a report on regulator’s performance in 2021

    Moscow Exchange will consider launching trading in Armenian drams

    Monday, May 16th, 2022

    The Moscow Exchange is planning to expand the list of traded foreign currencies by adding the Armenian drams, RBC reported quoting three sources from the financial market

    NPLs account for about 6% of Armenia's bank portfolio – UBA

    Friday, May 13th, 2022

    The share of non-performing loans (NPL) in the portfolios of Armenian banks has not changed significantly in the first quarter of this year, fluctuating within the range of 6%, the executive director of the Union of Banks of Armenia (UBA) Seyran Sargsyan said at a press conference on Friday

    Total capital of Armenian banks in Q1 grew by 15.4% to about AMD 1.1 trillion

    Friday, May 13th, 2022

    In the first quarter of 2022 the total capital of all 17 Armenia-based commercial banks reached about AMD 1.1 trillion, the executive director of the Union of Armenian Banks (UBA) Seyran Sargsyan said today

    Armenian financial organizations do not carry out transactions with cryptocurrencies

    Friday, May 13th, 2022

    Armenia’s financial organizations  do not use cryptocurrencies and do not service crypto assets, Seyran Sargsyan, the executive director of the Union of Banks of Armenia (UBA), said at a press conference on Friday