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    January 2023
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  • Archive for January 30th, 2023

    Artsakh investment funds suspend accrual of interest and penalties on loans

    Monday, January 30th, 2023

    In a bid to ease the financial crisis in Artsakh (Nagorno-Karabakh) caused by Azerbaijan’s blockade of the only road connecting Artsakh with Armenia, the Artsakh Investment Fund and the Artsakh Rural and Agricultural Support Fund decided to temporarily stop accruing  interest and penalties on obligations to the funds until February 1, 2023

    Armenian Card warns of scammers who work through social networks

    Monday, January 30th, 2023

    Armenian Card (Arca) national payment system has warned card holders of the increasing number of fraudulent pages on social networks, with ArCa in the title

    Money transfers from Russia to Armenia hit record-breaking level in 2021

    Monday, January 30th, 2023

    Individual remittances from Russia to Armenia in the first 11 months of 2022 quadrupled from the same time span of 2021 to almost $3.1 billion, Russian news site RBC.RU reported