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  • Archive for July, 2022

    Armenian business community dissatisfied with SRC’s plan to amend Law on Banking Secrecy

    Wednesday, July 20th, 2022

    The business community of Armenia is dissatisfied with a package of proposals, designed by the State Revenue Committee (SRC) to amend the Law on Banking Secrecy and other related laws

    Share of mutual settlements between EEU member states in national currencies is likely to reach 80% in 2022

    Wednesday, July 20th, 2022

    The share of mutual settlements between Eurasian Economic Union (EEU) member states in national currencies is likely to reach 80% in 2022, spokeswoman of the Eurasian Economic Commission (EEC) Iya Malkina told a press briefing today in Moscow

    Armenian finance minister, head of EIB regional office discussed ways to enhance cooperation

    Wednesday, July 20th, 2022

    Armenian Finance Minister Tigran Khachatryan and Maciej Czura, Regional Representative of the European Investment Bank for the South Caucasus

    Armenia and Uzbekistan most popular countries for Russians to get foreign bank cards

    Monday, July 18th, 2022

    Armenia and Uzbekistan are the two most popular destinations for Russian citizens wishing to get bank cards issued by Visa, MasterCard and other foreign financial institutions

    Ivan Telegin resigns as CEO of VTB (Armenia)

    Saturday, July 16th, 2022

    VTB (Armenia) CEO and Chairman of Board of Directors Ivan Telegin will resign July 18 due to family circumstances after holding this position since February 2018, the bank’s press service said in a statement today

    Package of amendments to law on banking secrecy will be publicly discussed again in Armenia – SRC

    Friday, July 15th, 2022

    Armenia’s State Revenue Committee (SRC) said today it has withdrawn a package of proposals, designed to amend the Law on Banking Secrecy and other related laws from the single website e-draft.am, created for publishing draft legal acts

    Inflation changes people's behavior- central bank chairman

    Friday, July 15th, 2022

    Inflation changes people’s behavior pressing those of them who live in a country with a high inflationary environment to increase consumption, contributing that way to creation of additional agitation and additional inflation, according to the chairman of Armenian Central Bank Martin Galstyan

    Armenia’s total public debt is projected to make 58% of GDP in 2023 

    Friday, July 15th, 2022

    Armenia’s total public debt is projected to make AMD 5 trillion in late 2023 or 58% of the gross domestic product (GDP), Finance Minister Tigran Khachatryan said at a meeting of the parliamentary standing committee on financial-credit and budgetary issues July 13

    Armenia's inflation rate comparable with inflation rates around the world - ex-finance minister

    Tuesday, July 12th, 2022

    The inflation rate in Armenia is now comparable with inflation rates around the world, said Vardan Aramyan, a former Finance Minister, who is now an expert on public finance management

    Armenian equity market capitalization surges by 58% to AMD 252 bn

    Friday, July 8th, 2022

    The insights of the second quarter at Armenia Securities Exchange (AMX) have shown a surge of market and trade values of securities in comparison with the same quarter data in the last two years