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Monthly Archives: October, 2023

Acba Bank continues to develop green finance instruments in Armenia

Acba Bank has been keeping the "Sustainable Development" agenda in Armenia  in the center of its attention

Foreign investors interested in Armenia’s government bonds – Head of Finance Ministry 

Foreign institutional investors are interested in Armenian government  bonds,  Finance Minister Vahe Hovhannisyan said at parliamentary hearings on the draft state budget for 2024

Central Bank of Armenia to invest AMD 755 million in authorized capital of ArCa payment system in 2024

The Central Bank of Armenia will invest AMD 755 million next year in the authorized capital of Armenian Card CJSC (ArCa, national payment system), head of the regulator Martin Galstyan said

Government bond allocation and buyback auctions with a volume of 48,1 billion AMD took place on AMX

On October 30 the allocation and buyback auctions of government bonds totalling more than 48,1 billion AMD have taken place on Armenia Securities Exchange (AMX)

Armenia’s 2024 state budget calls for increase in the share of capital expenditures in GDP to 6.6%

Armenia's draft budget for 2024 calls for a significant rise in the share of capital expenditures in GDP to 6.6%, while current expenditures are to grow to 22.1%, said Chairman of the Central Bank Martin Galstyan

Armenia bats for connecting its payment systems with UPI

Armenia has launched a dialogue with India to connect its national retail payment infrastructure company with UPI and set the foundation for collaboration amid he impressive rise in Indian labor force and tourists, the Indian Economic Times (ET) daily reported

Kerobyan and JP Morgan and U.K. Chamber of Commerce representatives discussed reforms, investments and joint projects

Armenian Economy Minister Vahan Kerobyan and his deputy Rafael Gevorgyan met last week in London with representatives of the JP Morgan corporation

First Social Investment Fund established in Armenia

C-Quadrat Ampega Asset Management Armenia has launched a first-of-its-kind "Social Investment Fund" to stimulate socio-economic growth in Armenia and promote investment ecosystems with social impact, the company's press service reports

Armenian banks paid 111.8 billion drams in taxes for 9 months of 2023

Seventeen out of 18 Armenia-based commercial banks are in the list of 1000 largest corporate taxpayers for January-September 2023, having paid 111.8 billion drams in taxes and duties, according to the State Revenue Committee

 Armenian Kilikia beer is competitive in the world market (video) 

Kilikia beer is created with the use of Armenian brewing traditions, the press service of Aсba Bank reports

VTB launches cross-border money transfers to Armenia and some  other countries

Russian VTB Bank has launched international money transfers enabling recipients to withdraw the cash without opening a bank account, Alexei Khranilov, head of Money Transfers Division at VTB Transactional Retail Business Department, told RBC

Individual remittances to Armenia from abroad in 8 months exceeded $3.8 billion

Cross-border individual remittances sent to Armenia through the banks in the first 8 months of 2023 exceeded $3.8 billion, up from $2.9 billion, sent in the same time span of 2022, the Central Bank said