Friday, October 13 2023 16:00
ArmInfo.Dear compatriots of Artsakh, Ardshinbank has taken a series of measures to ensure your convenience and access to financial operations. >>>
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Friday, October 13 2023 15:58
ArmInfo. The Converse Bank offers legal entities and private entrepreneurs to take advantage of
loan payment holiday as part of the Converse SME product. >>>
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Tuesday, October 3 2023 16:47
ArmInfo.IDBank and Idram sum up the results of the September program “The Power of One Dram” and announce the name of the next month’s beneficiary. >>>
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Tuesday, October 3 2023 16:25
ArmInfo. The European Investment Bank (EIB), the lending arm of the European Union, will provide a
loan of EUR70 million to the Central Bank of Armenia to increase access to financing for small and medium-sized enterprises (SMEs) and mid-caps in Armenia. >>>
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Tuesday, October 3 2023 14:02
ArmInfo.Ardshinbank garners esteemed recognition, receiving the STP Quality Award from Commerzbank for its exceptional accomplishments in maintaining superior international transfer standards. >>>
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Monday, October 2 2023 18:38
ArmInfo.In connection with the situation resulting from the forced resettlement of the Armenians of Artsakh, IDBank has created a privileged package of banking services developed specifically for our compatriots from Artsakh. >>>
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Monday, October 2 2023 17:20
ArmInfo.Commercial banks in Armenia are currently conducting an inventory of tangible and intangible assets in order to get a complete picture of the problems that have arisen as a result of the situation in Nagorno-Karabakh. >>>
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Monday, October 2 2023 12:58
ArmInfo.Armenia's gross international reserves (GIR) accelerated in y-o-y growth for Jan-Aug 2023 from 12.6% to 16.5% (i.e. increased by $598 million) and updated a historical maximum at $4.219 billion (against previous maximum at $4.126 billion in July this year and $4.112 billion in December 2022), according to the data of the Central Bank of the Republic of Armenia. >>>
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Wednesday, September 27 2023 18:53
ArmInfo. The European Bank for Reconstruction and Development (EBRD) has further improved its
GDP growth forecast for Armenia for 2023 from the previous 5% to an updated 6.5%, expecting a slowdown in 2024 to 4.5% (versus the previously announced retention at 5%). And this is the highest GDP
growth that the EBRD expects in 2023 for the Eastern Europe and Caucasus region. This forecast is given for 2023-2024, taking into account geopolitical events, which are an important source of risks
of slowing economic growth. >>>
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Monday, September 25 2023 18:31
ArmInfo.Chaired by Prime Minister Nikol Pashinyan, a consultation was held in the Government
on the macroeconomic and fiscal framework of the draft state budget 2024, the PM's press service reports. >>>
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Friday, September 22 2023 13:16
ArmInfo.On September 22, the Government of Armenia approved the draft decree of the President of the Republic of Armenia "On approval of additional agreement No. 1" to the agreement between the Republic of Armenia and the Eurasian Development Bank on the provision of a grant from the funds of the Eurasian Fund for Stabilization and Development to finance the E-Labor Exchange programme. >>>
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Friday, September 15 2023 14:04
ArmInfo. As of August 31, 2023, Armenia's national debt totaled $11.387bln - a 7% increase
this January-August (a $749.2mln increase), and a 5% or AMD 208.5bln increase. The period under review saw further AMD appreciation against the USD - AMD 480/$1 to AMD 385/$1. >>>
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Wednesday, September 13 2023 17:07
ArmInfo.On September 13, head of the Central Bank of the Republic of Armenia Martin Galstyan received the
delegation of the International Monetary Fund, headed by the head of the IMF mission in Armenia, Iva Petrova. This is noted in the message of the Central Bank of the Republic of Armenia, which states that
among the issues raised, the parties also discussed the introduction of new approaches to monetary policy. >>>
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Tuesday, September 12 2023 19:34
ArmInfo. The deflationary impact from the external sector on the Armenian economy will continue. This was
stated on September 12 by head of the Central Bank of the Republic of Armenia Martin Galstyan at a press conference regarding the third reduction in the refinancing rate this year from 10.25% to 9.75%. >>>
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Tuesday, September 12 2023 19:32
ArmInfo. The Central Bank's decision to reduce the refinancing rate suggests that
inflation risks are more manageable today. Chairman of the Central
Bank of Armenia Martin Galstyan stated during a press conference on
September 12. >>>
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Tuesday, September 12 2023 17:49
ArmInfo.A reduction in interest rates on loans is possible only if the overall risk
environment softens, which will also adjust deposit rates downward.
Governor of the Central Bank of Armenia, Martin Galstyan, commented
on the possible impact of reducing the refinancing rate on bank
lending rates during a press conference. >>>
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Tuesday, September 12 2023 17:42
ArmInfo.The Central Bank has improved its forecast for 2023 for Armenia's GDP growth from the
previous 6.9% to an updated 7.2%. The new forecast is driven by
strong growth in the construction and services sectors. >>>
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Tuesday, September 12 2023 13:28
ArmInfo.The Central Bank of Armenia again reduced the refinancing rate this time by 0.5
percentage points - from 10.25% to 9.75%. >>>
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Friday, September 8 2023 18:08
ArmInfo.Deflation in Armenia is very negligible due to the moderate reduction in food prices and
rising prices for services. Moreover, among food products, the prices
of sunflower oil, flour, cereals and pasta decreased most noticeably,
while vegetables and fruits had a much smaller deflationary effect.
At the same time, service tariffs continued to rise, slightly more
modestly than last year, with double-digit growth in transportation
and recreation, and medical services began to rise more rapidly. >>>
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Friday, September 8 2023 16:45
ArmInfo.If you have a small or mobile business, the SoftPOS application from IDBank is what you need. >>>
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