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Daily Archives: Apr 15, 2020

Ucom vs Ucom. Raider Seizure, Blackmailing or Property Redistribution?

Economy
For several days now, the Armenian information field has been fermented by the scandalous situation over the telecommunications operator Ucom. Until recently, nothing boded a high-profile showdown, and the company itself was preparing for the deal of the year - the purchase of Beeline in Armenia. But in fact, everything turned out to be much more complicated

Armenian central bank asks citizens not to form speculative forex expectations

Economy
Armenia's Central Bank intervenes in the local foreign exchange market only in extreme cases in order to mitigate potential serious fluctuations, said Andranik Grigoryan, head of the Central Bank's Financial Stability Department

IMF to provide Armenia with $280 million loan

Banks
The International Monetary Fund (IMF) said last week that around $280 million will be available in financial assistance for Armenia immediately after its Board meeting, Deputy Economy Minister Avag Avanesyan told a news conference today

214 business loans totaling AMD 9.7 billion approved in Armenia under government’s anti-crisis programs

Economy
Artur Javadyan, chairman of the Central Bank of Armenia, presented at a meeting convened Tuesday by Prime Minister Nuikol Pashinyan the interim results of the implementation of the 1st and the 2nd measures, aimed at neutralizing the consequences of the coronavirus by promoting businesses and agriculture

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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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