The Power of One Dram to the Road of Life Charitable Organization

 Friday, May 3 2024 18:31:02
The Power of One Dram to the Road of Life Charitable Organization

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.

Non-financial reporting: Can it exist in Armenia?
 Thursday, November 30 2023 19:33

ArmInfo.“If in business life ESG principles are based on trusting relationships being formed between a company and multiple actors, from shareholders, communities to regulators, then non-financial reporting is a step towards its formal and real strengthening. This opinion is shared by Narine Melikyan, the Corporate Governance Center’s Director, who has spent decades developing and implementing internationally recognized and widely applied corporate governance standards in the business environment of Armenia.

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EBRD, EU and Sweden backing Acba Bank with USD 10 million loan for  Armenian women-led firms
 Thursday, November 30 2023 19:21

ArmInfo. Small and medium-sized enterprises led by women in Armenia are set to benefit from greater access to finance as the European Bank for Reconstruction and Development (EBRD) extends fresh funds to Acba Bank, supported by the European Union (EU) and Sweden. This is stated in the EBRD press release.

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Converse Bank acts as underwriter for corporate AMD coupon bonds of  Euroterm company
 Wednesday, November 29 2023 11:56

ArmInfo. Converse Bank is the underwriter for corporate dram coupon bonds of the Euroterm company  in the amount of AMD 500mln, the public primary placement of which began on November 28. This is noted in the Bank's message, which states that the coupon yield is set at 12.5%, the maturity period is 36 months, and the frequency of coupon payments is provided once every six months. The bonds of this issue mature on November 28, 2026.

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For the first time, non-cash bankcard transactions exceed `cash` ones
 Tuesday, November 28 2023 15:09

ArmInfo.For the first time in the years of formation and development of the bankcard market in  Armenia, following the results of 9 months of this year, the volume of non-cash bankcard transactions exceeded the volume of cash transactions.

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Armenia, ADB sign two loan agreements worth over EUR 126mln 
 Tuesday, November 28 2023 11:27

ArmInfo. On November 27, 2023, at the RA Ministry of Finance, Armenia and the Asian Development Bank  (ADB) signed the loan agreements "Seismic Safety Improvement Program - (SSIP)" and "Yerevan Urban Development Investment Project." 

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Along with transition to non-cash payments in Armenia, POS-terminals  network in retail locations is actively expanding
 Monday, November 27 2023 20:12

ArmInfo. Along with the transition to non-cash payments in Armenia, the network of POS  terminals in retail locations is actively expanding.

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EBRD, HSBC Armenia sign RSF framework agreement to facilitate  Armenian firms` access to finance 
 Monday, November 27 2023 20:02

ArmInfo. The European Bank for Reconstruction and Development (EBRD) has signed a funded Risk  Sharing Framework (RSF) agreement with HSBC Bank Armenia (HSBC  Armenia) to facilitate Armenian firms' access to finance.  

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The European Bank for Reconstruction and Development and the European Union provided Ardshinbank with a loan for the development of MSMEs.
 Friday, November 24 2023 16:31

ArmInfo.The European Bank for Reconstruction and Development (EBRD) and the European Union have provided Ardshinbank with a $20 million credit for the development of Micro, Small, and Medium-sized Enterprises (MSMEs) in Armenia. The financial package aims to support growth, competitiveness, and green economy initiatives in Armenia. The agreement was signed on November 24 in Yerevan.

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ArmInfo FinRating: Armenian banks are trying to return to stable  profit growth through lending
 Thursday, November 23 2023 17:28

ArmInfo.The profits of Armenian banks, which sharply increased over the past year by leaps  and bounds in foreign exchange transactions, are beginning to slow  down significantly in growth rates.

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Ardshinbank and Dalan Technopark have signed a cooperation agreement.  
 Thursday, November 23 2023 17:06

ArmInfo.Ardshinbank and Dalan Technopark have announced the signing of a cooperation agreement. Ardshinbank has become the main partner of the technopark, financing one of the largest projects in the construction industry.

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Armenia amending loan agreement Yerevan Metro Rehabilitation Project  Phase II signed with EIB
 Thursday, November 23 2023 13:58

ArmInfo.Armenia is amending the EUR 5 million loan agreement Yerevan Metro Rehabilitation Project  Phase II signed with the European Investment Bank (EIB) on May 10, 2013. 

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Armenia to take out EUR 25mln from EIB for energy saving in public  buildings 
 Thursday, November 23 2023 13:55

ArmInfo. On November 23, the Government of Armenia approved the proposal to sign the EUR 25mln  financial agreement Yerevan Energy Efficiency Phase II between the European Investment Bank and Armenia. 

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Minister of Economy promises: tax deduction mechanism for mortgage  loans to be replaced by other tools
 Wednesday, November 22 2023 19:24

ArmInfo. The Armenian government is withdrawing from the mortgage loan income tax refund  program, but in return, similar tools will be introduced as part of the income declaration mechanism. Armenian Minister of Economy Vahan Kerobyan told reporters during a briefing on November 22.

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Germany to allocate EUR 84.6 million grant and loan to Armenia for  development of priority areas
 Wednesday, November 22 2023 18:42

ArmInfo.Germany will allocate grant and loan funds in the amount of 84.6 million euros to  Armenia for the development of priority areas. Armenia's Minister of Economy Vahan Kerobyan announced November 22, summarizing the results of the two-day intergovernmental negotiations on the development of  Armenian-German cooperation in Yerevan.

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Central Bank of Armenia puts into circulation commemorative coins  dedicated to 30th anniversary of dram 
 Wednesday, November 22 2023 18:05

ArmInfo. On November 22, 2023, the Central Bank of Armenia puts into circulation 10, 20, 50, 100, 200 and 500  dram circulation commemorative coins dedicated to 30 years of national currency. This is noted in the message of the Central Bank of the Republic of Armenia.

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IDBank issues the 3th tranche of dollar bonds of 2023
 Tuesday, November 21 2023 16:02

ArmInfo.On November 20, 2023, IDBank placed registered coupon bonds under the abbreviation AMANLBB2NER4 through a public offering on the following terms:

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Team Telecom Armenia, Visa make attractive offer to owners of  electric cars 
 Tuesday, November 21 2023 13:02

ArmInfo. Team Telecom Armenia together with Visa came up with an offer for drivers of electric vehicles. According to the company's press service, from November 16 to December 31 inclusive, when paying for services at Team Energy charging stations with a Visa card, only 50% of the amount will be debited from the client, and the remaining half will be reimbursed by Visa.

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Armenia`s government to redistribute up to 6% of budget funds to  support forcibly displaced Nagorno- Karabakh Armenians
 Tuesday, November 21 2023 12:00

ArmInfo.The Government of Armenia intends to redistribute up to 6% of budget funds in order to  provide adequate assistance to forcibly displaced persons from Nagorno-Karabakh. An extraordinary meeting of Armenia's Parliament is discussing amendments to the law "On the Budget System". 

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Two Armenian banks, Acba Bank, Converse Bank start issuing UnionPay  International cards
 Monday, November 20 2023 20:50

ArmInfo. In Armenia, Acba Bank and Converse Bank are starting to issue cards of the China UnionPay  system. Let us remind you that Acba Bank has been servicing China UnionPay cards since October 2019. ArmInfo was informed by Acba Bank and Converse Bank.

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CBA: net inflow of private transfers to Armenia is rapidly declining
 Monday, November 20 2023 14:09

ArmInfo. The net inflow of private transfers to Armenia for 9 months of 2023 dropped to $1.3  billion from $1.7 a year earlier. According to the data of the Central Bank of RA, the y-o-y dynamics of this indicator turned sharply from a 2.6-fold increase to a 23% decrease.

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