General news

Minister: Armenia's financial market is small, but it has good development opportunities

23.06.2022 18:59

Minister: Armenia's financial market is small, but it has good development opportunities

Speaking at a panel discussion on the financial market of Armenia within the frameworks of a CIS Bonds (CBonds) conference in Yerevan today, Armenian Minister of Economy Vahan Kerobyan detailed the steps taken by the government to develop this market and attract finances

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Yerevan is the most comfortable zone for business relocators from Russia

22.06.2022 16:06

Yerevan is the most comfortable zone for business relocators from Russia

Russian business daily ‘Kommersant’ has looked into some aspects of opening bank accounts by Russians who have moved to the friendly CIS countries, in particular, Armenia, Kazakhstan and Uzbekistan

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Acba Leasing announces rebranding

22.06.2022 16:05

Acba Leasing announces rebranding

ACBA Leasing, the first and leading company in Armenia’s leasing market, has announced its rebranding

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Armenian central bank applies sanctions against some currency exchnage offices

21.06.2022 18:26

Armenian central bank applies sanctions against some currency exchnage offices

The Central Bank of Armenia said today it has applied sanctions against several currency exchange offices for anti-competitive behavior.

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Moscow stock exchange to start trading of Armenian drams

21.06.2022 14:46

Moscow stock exchange to start trading of Armenian drams

On June 27, the Moscow Stock Exchange will start trading of Uzbek sum, Armenian dram and South African rand, finam.ru writes

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Staking stablecoins: how cryptocurrency exchanges can compete with conventional banks

21.06.2022 10:30

Staking stablecoins: how cryptocurrency exchanges can compete with conventional banks

In less than a decade, cryptoexchanges have forged a path forward that usually takes conventional exchanges decades if not longer. Today, Bybit and other platforms provide their customers with broad access to investments and other tools for making money from cryptoassets having become real competitors to conventional exchanges, especially considering that access to the latter is very difficult for ordinary citizens

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Strengthening of Armenian dram affects IT industry

20.06.2022 15:35

Strengthening of Armenian dram affects IT industry

The strengthening of the Armenian dram against the U.S. dollar has caused concern of many local IT sector companies. DataArt Director Arsen Baghdasaryan and AIST Global Founding Director Hrayr Shahbazyan called a press conference today to presented the ensuing risks

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ACBA Leasing: on the road to achievement (video)

20.06.2022 14:11

ACBA Leasing: on the road to achievement (video)

Armenia’s first specialized leasing company – ACBA Leasing – was founded 18 years ago. Initially, its staff consisted only of employees of Acba Bank, later the staff expanded and grew, the company’s press service said today

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Financial organizations and business companies ready to switch to cashless payment for transactions worth over 300 thousand drams

16.06.2022 17:49

Financial organizations and business companies ready to switch to cashless payment for transactions worth over 300 thousand drams

Financial organizations and companies in Armenia are ready to switch to cashless payment for transactions worth over 300 thousand drams, deputy chairman of the Central Bank Hovhannes Khachatryan told a news conference today, adding that this requirement comes into force on July 1 this year

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Cutting income tax rate by 1 %affected budget revenues in 2021 - Ministry of Finance

15.06.2022 15:33

Cutting income tax rate by 1 %affected budget revenues in 2021 - Ministry of Finance

In 2021 Armenian tax authorities collected more taxes and duties than in 2020, however, the decision of the government to cut the personal income tax rate by 1% led to a drop in revenues by about 19 billion drams, Armenian Finance Minister Tigran Khachatryan said at Wednesday’s parliamentary session

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