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  • Archive for February, 2024

    Armenia to receive $3 mln ADB grant to improve food security

    Thursday, February 29th, 2024

    The Armenian government at a meeting on Thursday approved signing a grant agreement with the Asian Development Bank (ADB) to implement a program designed to improve food security adapted to climate change

    Armenia ratifies agreement with EEU on mutual recognition of bank guarantees

    Thursday, February 29th, 2024

    The National Assembly of Armenia has approved the ratification of a Eurasian Economic Union (EEU) agreement on mutual recognition of bank guarantees in municipal and state procurement

    Rostelecom supports the project on providing children's rehabilitation services in Meghri

    Wednesday, February 28th, 2024

    Emphasizing the role of social sector projects, Rostelecom Armenia has raised AMD 3 million for Arabkir United Children’s Charity Fund to provide development and rehabilitation services for children in Meghri Regional Medical Center, Rostelecom’s press service reports

    Standard and Poor's affirms Armenia's sovereign ratings, maintaining "stable" outlook

    Monday, February 26th, 2024

    S&P Global Ratings Services has affirmed the sovereign ratings of the Republic of Armenia’s long-term/short-term foreign and local currency issues at “BB -“/”B”, keeping the “stable” outlook unchanged, the press service of the Ministry of Finance reported

    Visa and Unibank offer unique opportunities to Olympic Games fans

    Friday, February 23rd, 2024

    Visa, a world leader in digital payments, enters into a partnership with Unibank to offer unique opportunities to holders of Unibank Visa cards in Armenia on the eve of the Olympic Games Paris 2024

    VISA brings its top innovations to Armenia - regional manager (EXCLUSIVE)

    Friday, February 23rd, 2024

    VISA is trying to make sure that all its top innovations reach Armenia as it develops its payments network and continues to add new benefits for cardholders, Diana Koguradze, VISA’s regional manager for the South Caucasus, told ARKA news agency.

    Number of payment cards in Armenia increased by 16.9% and reached 3.7 mln. In 2023

    Wednesday, February 21st, 2024

    The number of payment cards in Armenia grew to 3.7 million in 2023, up 16.9% year-on-year, Chairman of the Union of Banks of Armenia (UBA) Daniel Azatyan told a press conference on Tuesday

    Presence of international banks in Armenia important and desirable - UBA head

    Tuesday, February 20th, 2024

    The arrival of international banks in Armenia is desirable and important, Chairman of the Union of Banks of Armenia (UBA) Daniel Azatyan said at the request of ARKA news agency in a comment on the latest bank  acquisition deals

    WB: Net money transfers to Armenia dropped by 47.2 percent (yoy) in December 2023

    Tuesday, February 20th, 2024

    Net money transfers (both commercial and noncommercial) dropped by 47.2 percent (yoy) in December but were 4 times higher than the previous monthб the World Bank says in its  “Armenia Monthly Economic Update – February 2024”.

    Armenia intends to ratify agreement with EEU on mutual recognition of bank guarantees

    Monday, February 19th, 2024

    The Armenian Parliament’s Finance and Budget Committee has approved a draft law calling for ratification of Armenia’s agreement with the Eurasian Economic Union (EEU) on mutual recognition of bank guarantees in municipal and state procurements