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  • Archive for November, 2022

    AraratBank underwrites FINCA UCO bonds

    Wednesday, November 9th, 2022

    AraratBank will underwrite AMD- and USD-denominated nominal coupon bonds of FINCA UCO CJSC between November 16 and November 18, 2022

    Armenia's overall public debts drops by $60.5 million

    Tuesday, November 8th, 2022

    Armenia’s total public debt stood at $9,931,576,000 as of September 30, 2022, having slashed by $60,540,000 from the previous month, according to the numbers, released by the National Statistical Committee (NSC)

    Minister: 74% of Diaspora Armenians ready to invest in their ancestral country

    Tuesday, November 8th, 2022

    Given Armenia’s current GDP, the amount of foreign investments in its economy should have been higher five times, Economy Minister Vahan Kerobyan said today when speaking at an international financial forum convened in Yerevan to look into alternative investments

    A branch of international Impact Hub network opens in Syunik (video)

    Tuesday, November 8th, 2022

    The Syunik marz (province) in Armenia is now on the global map of the international Impact Hub network created to support startup ideas

    Armenian Human Rights Defender and WB representatives discussed cooperation issues

    Friday, November 4th, 2022

    Armenian Human Rights Defender Kristine Grigoryan met today with representatives of a World Bank team implementing the third and fourth programs of public sector modernization (PCMP 3 and PCMP 4)

    Mher Ananyan elected chairman of Board of Union of Banks of Armenia

    Thursday, November 3rd, 2022

    At a regular meeting the Board of the Union of Banks of Armenia (UBA) elected Mher Ananyan, the Executive Director and Board Chairamn of ARARATBANK OJSC as  new Chairman of the Board of the Union of Banks of Armenia

    Armenia's public debt to decrease to 51% of GDP in 2022 - IMF forecast

    Thursday, November 3rd, 2022

    IMF said in a statement that fiscal overperformance and dram appreciation have contributed to a significant decline in Armenia’s public debt, which is expected to drop to 51 percent of GDP this year from 60.3 percent of GDP in 2021

    IMF Staff Reaches Staff-Level Agreement with Armenia on Precautionary Stand-By Arrangement

    Thursday, November 3rd, 2022

    At the request of the Armenian authorities, a staff team from the International Monetary Fund (IMF), led by Ms. Iva Petrova, visited Yerevan from September 26 to October 6 to discuss a three-year economic program supported by an IMF precautionary Stand-By Arrangement, IMF said in a press release on Wednesday

    VTB (Armenia) raises rates on deposits in Armenian drams and Russian rubles

    Wednesday, November 2nd, 2022

    On the occasion of World Savings Day, marked on October 31 every year, VTB (Armenia) has improved deposit terms for the population, the press service of the bank announced today

    Some 41.6 billion drams of income tax refunded to Armenian citizens in 10 months of 2022- Pashinyan

    Wednesday, November 2nd, 2022

    In the first ten months of 2022 some 41.6 billion drams of income tax were refunded to Armenian citizens, Prime Minister Nikol Pashinyan said today, specifying that this figure is 10 more than the amount refunded in 2018