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Daily Archives: Jul 17, 2015

US dollar rises by 0.68 p.p. against Armenian dram

Exchange market
The US Dollar has grown today by 0.68 percentage point over Armenia’s national currency from July 16 to 479.93 drams, the Central Bank said

VTB Bank (Armenia) offers safe deposit boxes for holidaymakers and business travellers

Banks
VTB Bank (Armenia) said today all those Armenian citizens who have their summer vacations outside the country or are having protracted business trips can use its safe deposit boxes for safekeeping their cash, jewelry, valuable papers and documents

Artyom Avetisyan buys 80% of Uniastrum bank

Banks
The Bank of Cyprus (BoC) said on Friday it had agreed to sell 80% stake in its Russia's subsidiary Uniastrum Bank to Artyom Avetisyan, the majority shareholder in Russian Regional Credit Bank. Artyom Avetisyan will also buy 80% in Uniastrum Leasing, Banki.ru reported citing the Bank of Cyprus

Economist: Armenian Central Bank’s auditors should be chosen by Government or National Assembly

Banks
The audit at the Central Bank of Armenia should be conducted by an organization chosen by the government or the parliament, Ashot Tavadyan, a professor at the Armenian State University of Economics, said on Friday

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Armenia’s total state debt rose to $12.8 bln by December 2024.

Armenia's overall public debt as of December 31, 2024 amounted to $12,842,240,000, increasing by $274.4 million compared to November 30, 2024, the National Statistical Committee said.

Stepan Gishyan charity starts accepting  applications for grants up to AMD 5 million for 2025

The Stepan Gishyan charity foundation, run by Acba Bank, has announced today the launch of a grant competition, designed for legal entities.

Armenia’s SRC doesn’t see details of citizens’ transactions: committee head – on banking secrecy

“When we talk about access to bank secrecy of a person, we mean the amount of his/her transactions. There is no access to the details of the transactions,” the head of Armenian State Revenue Committee  (SRC) Eduard Hakobyan told  a parliamentary discussion today on the universal income declaration.

Euro jumps 3.4 points to AMD 413.36

The average market exchange rate of the U.S. dollar to the Armenian dram on February 5, 2025, totaled AMD 396.58, down 0.13 points compared to February 4.

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