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)

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”