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Daily Archives: Aug 2, 2023

Acba Bank and Investment Council of Armenia to cooperate on improving investment climate in the country

Banks
The Acba Bank and the Investment Council of Armenia signed a Memorandum of Understanding within the framework of Acba Business Club

AMX presents July 2023 Securities Market Data

Capital market
The insights of the July at Armenia Securities Exchange (AMX) have shown a surge of market and trade values of securities

Dram’s depreciation will positively affect local producers and help keep Russian nationals in Armenia – Freedom Broker Armenia (EXCLUSIVE)

Exchange market
Depreciation of Armenian national currency, the dram, will have a positive impact on national producers, making their goods cheaper and more competitive in foreign markets, Hovak Hovakimyan, CEO of Freedom Broker Armenia, said to ARKA news agency

Central Bank of Armenia does not rule out new restrictions in the financial and banking system in the context of anti-Russian sanctions

Banks
Asked by Arka news agency whether new restrictions are possible in Armenia’s  financial and banking market because of  anti-Russian sanctions,  Armen Nurbekyan, Deputy Chairman of the Central Bank of Armenia, said "everything is possible

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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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