The Asian Development Bank (ADB) has appointed Don Lambert as its new Country Director for Armenia. He officially started the role today and joined the Armenia Resident Mission
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Archive for July, 2023
New ADB Country Director for Armenia Assumes Office
Monday, July 31st, 2023Fitch expects Armenian economy to grow by 7.2% in 2023
Monday, July 31st, 2023Armenia has had a strong rebound from successive shocks in recent years since its downgrade in 2020, Fitch Ratings said as it has upgraded Armenia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-‘ from ‘B+’. The Outlook is Stable
Fitch expects Armenian dram to moderately depreciate in 2023-24
Monday, July 31st, 2023Sharp increases in money transfers and movement of migrants from Russia have contributed to a sustained strengthening of the dram since mid-2022, Fitch Ratings said as it has upgraded Armenia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-‘ from ‘B+’. The Outlook is Stable
Fitch expects Armenia’s government debt to stabilize at around 44.6% in 2023-25
Monday, July 31st, 2023Fitch ratings said in a report that Armenia’s government debt/GDP fell sharply to 46.7% in 2022 from 60.2% in 2021 due mainly to currency appreciation, but also due to the strong nominal GDP rebound and fiscal consolidation
Andranik Grigoryan: Capitalization of new opportunities involves the implementation of digital services and ensuring security
Friday, July 28th, 2023Andranik Grigoryan, the CEO of Converse Bank, addressed key topics in an interview with AmCham magazine, including customer interests, digital financial services improvement, and Converse Bank’s digital team organization. Read the full interview with Andranik Grigoryan
Andranik Grigoryan: Capitalization of new opportunities involves the implementation of digital services and ensuring security
Friday, July 28th, 2023Andranik Grigoryan, the CEO of Converse Bank, addressed key topics in an interview with AmCham magazine, including customer interests, digital financial services improvement, and Converse Bank’s digital team organization. Read the full interview with Andranik Grigoryan
Armeconombank joins cashback scheme for Armenian pensioners
Thursday, July 27th, 2023Armeconombank has joined a cashback scheme designed for pensioners and allowance recipients who use their bank cards to pay for purchases and utilities (cashless payments)
Armenian banks paid 93.1 billion drams in taxes in first half of 2023
Wednesday, July 26th, 2023Seventeen out of 18 commercial Armenia-based banks are in the list of 1000 largest corporate taxpayers in the first half of 2023, the State Revenue Committee said
Central Bank of Armenia registers Efes Insurance CJSC
Wednesday, July 26th, 2023The Central Bank of Armenia has registered Efes insurance company and awarded it an insurance company license, the regulator’s press service reported.
ADB ready to strengthen and deepen cooperation with Armenia
Monday, July 24th, 2023Armenian Finance Minister Vahe Hovhannisyan received on Monday Paolo Spantigati, the director of the Asian Development Bank’s (ADB) Resident Mission in Armenia, who is completing his mission in the country, and Donald Lambert, the newly appointed director of the Mission, the press service of the ministry reported
