The Power of One Dram to the Road of Life Charitable Organization Friday, May 3 2024 18:31:02
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 ArmInfo.“The Power of One Dram” initiative sums up the program of the April month, as a result of which AMD 3,913,063 gathered will be directed by the beneficiary “4090” fund to the provision of tuition fees for students participating in the four-day and 44-day wars, giving the opportunity to a hundred of young people to change their quality of life through education. |
Friday, May 3 2024 18:22
ArmInfo.Businesses in Armenia will have more opportunities to invest in green technologies thanks to a US$ 10 million (EUR 9.3 million) loan, which the European Bank for Reconstruction and Development (EBRD) and the Green Climate Fund (GCF) are providing to Inecobank for on-lending to corporates and small and medium-sized enterprises (SMEs) for green investments. This is stated in the official statement of the EBRD. >>> |
Friday, May 3 2024 18:22
ArmInfo. Armenia faces a number of challenges that relate to the threat of conflicts, climate change, private sector development, logistics and public administration. This is stated in the World Bank Beyond Boundaries - Unlocking Potential for a Sustainable Tomorrow report which was presented by World Bank Senior Specialist Lea Hakim. >>> |
Friday, May 3 2024 18:04
ArmInfo.Ardshinbank CJSC has launched a business loan refinancing program with the possibility of receiving an additional amount for current expenses. This business loan is designed for RA resident small and medium businesses, who want to lighten their credit load. >>> |
Friday, May 3 2024 12:37
ArmInfo. Lea Hakim, Senior Economist in the World Bank's Global Macro and Debt Analytics team and Program Manager of the Debt Management Facility, posted the following message on her LinkedIn account: >>> |
Friday, May 3 2024 11:43
ArmInfo.Armenia's gross international reserves (GIR), after reaching a record $4.220 billion in August 2023, then began to decline monthly, amounting to $3.304 billion by April 1, 2024. On an annual basis, this figure decreased by 11.3% (or by $420.4 million), in while in 2023, annual growth of 26.7% (or $784 million) was recorded, according to the data by the Central Bank of the Republic of Armenia. >>> |
Thursday, May 2 2024 15:14
ArmInfo. Armenia will allocate about 2.4 billion drams (approximately $6.2 million) for the annual meeting of the European Bank for Reconstruction and Development (EBRD), which will be held from May 14 to 16. The decision was made on May 2 at a meeting of the Cabinet of Ministers. >>> |
Thursday, May 2 2024 12:01
ArmInfo. A regular process for assessing the effectiveness of budget programs will be introduced in Armenia. At the plenary meeting on May 2, the National Assembly of the Republic of Armenia adopted amendments to the law "On the Budget System" in the first reading. >>> |
Tuesday, April 30 2024 17:09
ArmInfo. During a meeting with the delegation of the Asian Development Bank (ADB), led by Luke Fochtman, Bank's Deputy Country Director for Armenia, Deputy Minister of Internal Affairs (Ministry of Internal Affairs) of Armenia Arpine Sarkisyan noted the importance of cooperation with ADB in the field of disaster risk management >>> |
Tuesday, April 30 2024 17:05
ArmInfo. On May 2, Acba Bank began the public placement of the next coupon non- documentary dollar and dram bonds in the amount of $5 million and 3 billion drams. >>> |
Tuesday, April 30 2024 17:02
ArmInfo. The head of the Central Bank of Armenia, Martin Galstyan, pointed out the lending activity in the banking system of Armenia. He announced this on April 30 during the press conference held in connection with the next reduction of the refinancing rate, this time to 8.25%. >>> |
Tuesday, April 30 2024 16:25
ArmInfo.The World Bank's Board of Executive Directors approved a Development Policy Operation (DPO) in the amount of $116 million equivalent for Armenia to enable reforms aimed at promoting green, resilient and inclusive development. >>> |
Tuesday, April 30 2024 15:10
ArmInfo.The Board of the CBA today reduced the refinancing rate to 8.25%, the press service of the Bank reports. >>> |
Monday, April 29 2024 22:26
ArmInfo.On April 27 and 28, Idram and IDBank participated in Career City Fest, a large career city fair. There was a queue at the shared booth of innovative companies: people visited the booth to get acquainted with company representatives and take pictures. >>> |
Monday, April 29 2024 18:56
ArmInfo. On April 29, Deputy Prime Minister of the Republic of Armenia Mher Grigoryan received Eugene Rhuggenaath, Executive Director at the World Bank Group representing the Constituency of Armenia and other several countries. >>> |
Friday, April 26 2024 16:48
ArmInfo. Within days, Converse Bank's dram coupon bonds were bought in the primary market in the amount of 5 billion drams. It is noteworthy that this tranche was put up for sale together with the dollar bonds on April 17, and within a week the dram bonds were fully distributed. This is noted in a message from Converse Bank. >>> |
Friday, April 26 2024 16:33
ArmInfo. In Q1 2023, the banking system of Armenia increased tax contributions to the state treasury by 8.3% per annum - up to 22.2 billion drams ($56.5 million). Of this amount, 85.2% or 18.9 billion drams were paid in direct taxes, with a y-o-y increase of 7.4%. >>> |
Tuesday, April 23 2024 17:32
ArmInfo.ArmSwissBank today brings its customers Apple Pay, a safer, more secure and private way to pay that helps customers avoid handing their payment card to someone else, touching physical buttons or exchanging cash - and uses the power of iPhone to protect every transaction. Customers simply hold their iPhone or Apple Watch near a payment terminal to make a contactless payment. Every Apple Pay purchase is secure because it is authenticated with Face ID, Touch ID, or device passcode, as well as a one-time unique dynamic security code. Apple Pay is accepted in grocery stores, pharmacies, taxis, restaurants, coffee shops, retail stores, and many more places. Customers can also use Apple Pay on iPhone, iPad, and Mac to make faster and more convenient purchases in apps or on the web in Safari without creating accounts or repeatedly typing in shipping and billing information. Apple Pay makes it easier to pay for food and grocery deliveries, online shopping, transportation, and parking, among other things. Apple Pay can also be used to make payments in apps on Apple Watch. Security and privacy are at the core of Apple Pay. When customers use a card with Apple Pay, the actual card numbers are not stored on the device, nor Apple servers. Instead, a unique Device Account Number is assigned, encrypted, and securely stored in the Secure Element, an industry-standard, certified chip designed to store the payment information safely on the device. >>> |
Monday, April 22 2024 16:36
ArmInfo.The net profit of Armenian banks increased in by 18.8% per annum Q1 2024 (after a 2.2-fold increase a year earlier), exceeding 83.1 billion drams ($211.4 million). It was possible to maintain the positive dynamics of net profit thanks to the acceleration of the y-o-y growth of the loan portfolio from 3.5% to 18.7%, ensuring a volume of 5.1 trillion drams ($13 billion), according to the data of the Express Ranking of Banks of Armenia on March 31, 2024, prepared by ArmInfo IC. In Q1 2024 alone, the net profit of banks increased 5.6-fold, while a year earlier in the same period a meager quarterly growth of 1.5% was recorded, and in Q4 2023, the dynamics completely slipped to negative 35%. >>> |
Monday, April 22 2024 14:38
ArmInfo. As part of their working visit to Washington to participate in the Spring Meetings of the Boards of Governors of the International Monetary Fund (IMF) and the World Bank Group (WBG), a delegation of Armenia's Ministry of Finance led by Minister Vahe Hovhannisyan held a number of meetings with international partners. >>> |
Friday, April 19 2024 19:12
ArmInfo.Starting from April 1, 2024, IDBank clients who make their booking on the GetTransfer online platform and mobile application and pay with IDBank cards will receive an exclusive cashback. >>> |
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