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Armenian justice minister and IMF official discuss anti-corruption program

20.09.2017 09:53

Armenian justice minister and IMF official discuss anti-corruption program

YEREVAN, September 19. /ARKA/. Armenia’s justice minister David Harutyunyan received today a delegation led by the head of the Armenian Mission of the International Monetary Fund (IMF) Hossein Samiye, the press service of the ministry reported.

It said the minister and the IMF representative discussed a number of issues of mutual interest; in particular, they touched on the fight against corruption and improvement of the investment environment.
Presenting the reforms designed to fight corruption, the minister stressed the criminalization of illegal enrichment, the improvement of the income declaration process, the restriction of the circulation of cash, and the creation of an independent Anti-Corruption Body.

The minister noted the importance of the transition to full-fledged electronic governance in the provision of public services as the best tool for fighting corruption.

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HSBC bank offers financing for purchase of new equipment

20.09.2017 09:49

HSBC bank offers financing for purchase of new equipment

HSBC Bank Armenia said today it is providing trade financing for the purchase of new equipment at a historically low rate of 4%

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Unibank’s operating profit grows 1.5 times in seven months

15.09.2017 14:01

Unibank’s operating profit grows 1.5 times in seven months

The Yerevan-based Unibank said its operating profit in the first seven months of 2017 (before making contribution to the reserve funds) showed an outstripping growth reaching 3.4 billion drams, exceeding the figure for the same time span of 2016 by a factor of 1.5

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AMD denominated coupon bonds by Converse Bank listed on NASDAQ OMX Armenia

15.09.2017 13:55

AMD denominated coupon bonds by Converse Bank listed on NASDAQ OMX Armenia

Starting from September 15, 2017 nominal coupon bonds issued by “Converse Bank” CJSC will be listed on NASDAQ OMX Armenia and included in the bonds’ main Abond list, the press office of the stock exchange reported on Friday

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Parliament discusses draft law facilitating mortgage loans

14.09.2017 09:00

Parliament discusses draft law facilitating mortgage loans

The Armenian parliament discussed today a draft law on mortgage lending, which when passed, will allow free transfer of mortgage loans from one bank to another

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Interest rates on loans in Armenia decreased by approximately 4-5% in recent years

13.09.2017 15:08

Interest rates on loans in Armenia decreased by approximately 4-5% in recent years

Interest rates on loans in Armenia have decreased by approximately 4-5% in recent years, the deputy chairman of the Central Bank Nerses Yeritsyan told the parliament today

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Unibank helps Armenia-made ‘Manana’ tea win international markets

13.09.2017 13:39

Unibank helps Armenia-made ‘Manana’ tea win international markets

An Armenian company producing “Manana” herbal teas has entered the international market owing to financing from Unibank, the bank said in a press release

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World Bank funded $2.3 billion worth projects in Armenia over 25 years

11.09.2017 20:55

World Bank funded $2.3 billion worth projects in Armenia over 25 years

Ninety-five projects have been implemented in Armenia over the last 25 years with the assistance of the World Bank, worth $2.3 billion. Today, the bank’s credit portfolio in Armenia is $620 million, according to a statement placed on the official website of the Armenian government

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Armenian banks bought $69.2 million last week

11.09.2017 20:44

Armenian banks bought $69.2 million last week

Armenian commercial banks bought a total of $69.2 million from the local intra-bank foreign currency market from September 4 to September 8 at the weighted average exchange rate of 477.51 drams for $1, the press service of the Central Bank reported

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World Bank in Armenia has new country manager

08.09.2017 20:18

World Bank in Armenia has new country manager

Armenia’s Minister of Economic Development and Investments Suren Karayan received today a delegation, led by Mercy Tembon, World Bank Director for the South Caucasus, Europe and Central Asia

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