General news

ACBA Leasing offers new possibility for acquiring electric car in Armenia

01.07.2020 22:43

ACBA Leasing offers new possibility for acquiring electric car in Armenia

ACBA Leasing, in cooperation with Muran Company and within the framework of its Green Leasing sub-brand, continues to expand the possibilities for acquiring electric vehicles in Armenia

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Asian Development Bank and Armeconombank sign $15 million loan agreement to support women-led enterprises

01.07.2020 22:42

Asian Development Bank and Armeconombank sign $15 million loan agreement to support women-led enterprises

The Asian Development Bank (ADB) and the Armenian Armeconombank OJSC signed a $15 million loan agreement to increase lending to micro, small and medium-sized businesses owned by women in Armenia, especially in regions outside Yerevan

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Armenian banks provided 73 billion drams as loans as part of anti-coronavirus programs

01.07.2020 12:43

Armenian banks provided 73 billion drams as loans as part of anti-coronavirus programs

As part of the government programs designed to offset the consequences of the coronavirus shock, Armenian banks have provided loans worth 73 billion drams, Central Bank Chairman Martin Galstyan said at a news conference on Tuesday

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Armenian central bank chairman: cutting refinancing rate prompted increased demand for loans

30.06.2020 20:56

Armenian central bank chairman: cutting refinancing rate prompted increased demand for loans

The decision of the Central Bank of Armenia to cut the refinancing rate to 4.5% has prompted an increased demand for loans, Central Bank Chairman Martin Galstyan said at a press conference on Tuesday

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HSBC Group and Jinishian Memorial Foundation allocate USD149,000 for a joint program to create jobs in regions of Armenia

29.06.2020 17:57

HSBC Group and Jinishian Memorial Foundation allocate USD149,000 for a joint program to create jobs in regions of Armenia

The 26th of June, 2020 marked a remote launch of the program on “IT and Entrepreneurship Skill Improvement among Unemployed Population to Promote the Economic Development of Armenian Regions” implemented by Jinishian Memorial Foundation and funded by HSBC Group. The overall budget of the program is USD149,000, of which USD105,500 is provided by HSBC Group

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Armenian government is considering targeted construction program in regions

29.06.2020 17:55

Armenian government is considering targeted construction program in regions

The Armenian government is considering the possibility of launching a targeted construction program in the regions, Deputy Minister of Labor and Social Affairs Smbat Sayyan said during an on-line conference today

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EDB to have new board chairman

26.06.2020 20:15

EDB to have new board chairman

Russian Prime Minister Mikhail Mishustin signed a decree on the nomination of Nikolai Podguzov for the post of chairman of the board of the Eurasian Development Bank (EDB), TASS reported

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Central bank chairman predicts bigger than expected GDP drop in 2020

25.06.2020 22:04

Central bank chairman predicts bigger than expected GDP drop in 2020

Armenia’s GDP will decline more by the end of 2020 than most of the forecasts predict, the chairman of the Central Bank Martin Galstyan stated at a parliamentary meeting on Thursday

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Araratbank wraps up 2019 indicators

25.06.2020 17:14

Araratbank wraps up 2019 indicators

Today, on 25 June 2020, ARARATBANK wrapped s up the 2019 indicators at the Annual General Meeting of Shareholders in ARARATBANK ZARGATSUM branch, reporting growth in the key financial indicators

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EBRD provides $20 million loan to Armenia’s ACBA-CREDIT AGRICOLE BANK for on-lending to private companies

25.06.2020 17:11

EBRD provides $20 million loan  to Armenia’s ACBA-CREDIT AGRICOLE BANK for on-lending to private companies

The European Bank for Reconstruction and Development (EBRD) said today it is providing a US$ 20 million loan to ACBA-CREDIT AGRICOLE BANK for on-lending to private companies in Armenia that have been affected by the economic impact of the coronavirus pandemic

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