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    July 2022
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  • Archive for July, 2022

    Yield of Armenian pension funds decreased, but experts expect growth

    Friday, July 29th, 2022

    In the first six months of 2022, Armenian funded pension funds recorded a negative result in terms of yield, Deputy Executive Director of Amundi-ACBA Asset Management and coordinator of the funds Hrayr Aslanyan said at a press conference on Friday

    Yerevan municipality and central bank sign MoU to cooperate in using debt instruments

    Friday, July 29th, 2022

    Yerevan Municipality and the Central Bank of Armenia signed a Memorandum of Understanding to develop an efficient electronic accounting systems and application of debt instruments, Yerevan Mayor Hrachya Sargsyan said on his Facebook page

    Government grants preferential mortgages to 525 army officers

    Thursday, July 28th, 2022

    The Armenian government at a meeting on Thursday approved a decision to grant preferential mortgages to 526 career army and warrant officers

    Armenian commercial banks paid 32.9 billion drams in taxes in first half of 2022

    Tuesday, July 26th, 2022

    Sixteen out of 17 Armenia-based commercial banks are in the list of the 1000 largest corporate taxpayers in the first half of 2022 having paid about 32.9bln drams in various taxes, according to the State Revenue Committee (SRC)

    Top ten Armenian banks according to Russian edition of Forbes

    Tuesday, July 26th, 2022

    The Russian edition of Forbes magazine says that for many Russians opening an account in a foreign bank has become an urgent necessity in recent months. In early July, Armenian Minister of Economy Vahan Kerobyan said that since March, 2022 nearly 30,000 Russian citizens moved to Yerevan “for a long-term stay”

    Armenia saw largest ever amount of remittances from Russia in May, 2022

    Monday, July 25th, 2022

    The central banks of many former Soviet republics saw a surge in remittances from Russia in April and May of 2022, according to a Russian business daily Kommersant

    Higher inflation in Armenia speaks about additional inflation influenced by Russian economy- America

    Monday, July 25th, 2022

    The impact of foreign trade and remittances along with high rate of dollarization in savings makes exchange rate very important factor for the Armenian economy, according to the quarterly macroeconomic report ‘Impact of Regional Exchange Rates on Inflation’ released by Ameria advisory firm

    WineWorks gives new breath to Armenian winemaking (video)

    Friday, July 22nd, 2022

    Lalvar, Kaputkeni and Jrjruk grape varieties grown in the Armenian province of Tavush, Khndogni in Artsakh (Nagorno-Karabakh) and Areni in Vayots Dzor: WineWorks has mapped Armenian grape varieties by region, the press service of Acba Bank reported

    AraratBank rolls out a new service - Fora-Online

    Thursday, July 21st, 2022

    AraratBank has expanded its remittance network, undertaking a new cooperation with Fora Bank

    GPWs acquisition of controlling stake in AMX to stimulate cooperation between Armenia and Poland in capital market

    Wednesday, July 20th, 2022

    On July 19, Foreign Minister of Armenia Ararat Mirzoyan, who is in Poland on an official visit, had a meeting with the Deputy Prime Minister of the country Jacek Sasin