EBRD improves Armenia`s GDP growth forecast for 2024 from previous 4.5% to updated 6.2% Wednesday, May 15 2024 17:13:00
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 ArmInfo.The European Bank for Reconstruction and Development (EBRD) has improved its GDP growth forecast for Armenia for 2024 from the previous 4.5% to an updated 6.2% (versus actual 8.7% growth in 2023), expecting a slowdown to 4.8% in 2025, according to the Bank's latest Regional Economic Prospects. "Taming inflation" report, published today. |
Tuesday, October 31 2023 18:33
ArmInfo.The British financial magazine Euromoney has awarded Ardshinbank with two prestigious titles: "Best Corporate Bank" and "Best Bank for ESG" (Environmental, Social, and Governance). Earlier in 2023, Euromoney named Ardshinbank the best bank in Armenia for the third time. The "Euromoney Awards for Excellence" competition is held annually, and international experts select the best banks from 100 countries in various categories. >>> |
Tuesday, October 31 2023 18:24
ArmInfo.IDBank has released the first metal vertical card in RA, Visa Infinite Special Edition, with exclusive features. >>> |
Tuesday, October 31 2023 18:09
ArmInfo. HSBC Bank Armenia CJSC (hereinafter HSBC Armenia/Bank) has been awarded two recognitions by the reputable Euromoney Awards for Excellence 2023. The Bank has been recognized for its strong commitment to Corporate Social Responsibility (CSR) and its efforts in promoting Diversity & Inclusion (D&I) within the Armenian banking industry. >>> |
Tuesday, October 31 2023 18:07
ArmInfo. The weak deflationary impact from the external sector on the Armenian economy will continue. During the press conference held on October 31, Governor of the RA Central Bank, Martin Galstyan, presented such a forecast regarding the reduction of the refinancing rate from 9.75% to 9.5%. >>> |
Tuesday, October 31 2023 13:55
ArmInfo.The Central Bank of Armenia further reduced the refinancing rate - this time by 0.25 percentage points - from 9.75% to 9.5%. This is the fourth decrease this year, after two years of increase with reaching a historical maximum of 10.75% at the end of 2022 and maintaining this level until June 13 of this year, when the first decrease of 0.25 percentage points took place. , then on August 1 there was a second decline by the same amount, and on September 12 the decline was more noticeable - by 0.5 percentage points. >>> |
Monday, October 30 2023 22:01
ArmInfo.Teach For Armenia is partnering with HSBC Armenia to implement the Káits Social Innovation Incubator — Armenia’s first-ever incubator dedicated to education. >>> |
Monday, October 30 2023 21:58
ArmInfo.Governor of the Central Bank of Armenia Martin Galstyan expressed fears that the problem of underfulfillment of budget capital expenditures will not be resolved in 2024 as well. >>> |
Monday, October 30 2023 16:38
ArmInfo.During the operational meeting of the Deputy Prime Ministers in the Government of the Russian Federation, the issue of simplifying the procedure for opening accounts in Russian banks by foreign entrepreneurs was considered. >>> |
Monday, October 30 2023 16:01
ArmInfo. Capital expenditures in 2024 will reach 6.6% of GDP, which is 0.7% higher than a year ago. Minister of Finance of Armenia Vahe Hovhannisyan announced on October 30 at a parliamentary committee hearing on the 2024 budget. >>> |
Monday, October 30 2023 16:00
ArmInfo.The budget deficit in 2024 could rise to 4.6% from 3.2% under the current draft budget scenario. Minister of Finance of Armenia Vahe Hovhannisyan stated on October 30 at a parliamentary committee hearing on the 2024 budget. >>> |
Monday, October 30 2023 15:59
ArmInfo. It is planned to establish an Information Systems Agency in Armenia. Governor of the Central Bank of the Republic of Armenia Martin Galstyan announced on October 30 at a parliamentary committee hearing on the 2024 budget. >>> |
Friday, October 27 2023 16:15
ArmInfo.Armenian Minister of Economy Vahan Kerobyan met with representatives of HSBC Bank as part of a working visit to London. >>> |
Friday, October 27 2023 12:09
ArmInfo. In January-September 2023, the four telecommunication operators of Armenia increased tax payments to the state budget by 20.4% - up to AMD 30.7bln ($78mln). Of this amount, AMD 7.8bln came from direct taxes (including profit tax, income tax), and AMD 13.1bln from VAT. >>> |
Thursday, October 26 2023 18:01
ArmInfo.The banking system of Armenia in Jan-Sept 2023 sent 111.8 billion drams or $284.1 million to the state treasury through taxes, which is 2.4-fold higher than the year-ago. Of this amount, 91.1% or 101.9 billion drams were paid for direct taxes (including profit tax and income tax), with an increase of 2.6-fold over the year, according to the data from the State Revenue Committee. >>> |
Thursday, October 26 2023 17:54
ArmInfo. Starting from October 26 of this year, nominal coupon bonds issued by the Eurasian Development Bank (EDB) have started to be listed for the first time on the main (Abond) list of bonds at the Armenia Securities Exchange. >>> |
Wednesday, October 25 2023 19:53
ArmInfo.The state has already provided financial assistance to 97.2 thousand forcibly displaced citizens of Artsakh, of which 24 thousand are children. Deputy Prime Minister of Armenia Tigran Khachatryan said, answering a question from parliamentarians during government hour on October 25. At the same time, he emphasized that these are not final data. >>> |
Tuesday, October 24 2023 14:19
ArmInfo.Ardshinbank has developed special "Standard" and "Standard+" packages for individual entrepreneurs and legal entities registered in the Republic of Armenia. The packages include various banking services to help entrepreneurs manage their finances more efficiently and conduct banking operations. >>> |
Monday, October 23 2023 18:02
ArmInfo.ARMSWISSBANK presents the long-awaited World Elite™ Mastercard®, which along with the possibility to carry out convenient and secure transactions, provides cardholders with many premium benefits around the world. >>> |
Friday, October 20 2023 15:44
ArmInfo.We are proud to announce that Converse Bank has once again been awarded with "Euro STP Excellence Award" for quality excellence by one of leading European banks, Commerzbank AG. >>> |
Friday, October 20 2023 12:26
ArmInfo.Amundi-Acba Asset Management CJSC made a major investment from the assets of the Balanced and Conservative Pension Funds under its management in the equities of Telecom Armenia OJSC by participating in the initial public offering. >>> |
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