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ArmRusgazprom makes third coupon payment on its bonds

YEREVAN, January 14, /ARKA/. On January 13, 2010 “ArmRusgazprom (ARG)” CJSC made third coupon payment on its bonds (AMHRGAB22ER0). “ARMSWISSBANK” CJSC served as the settlement bank.

The agreement between ArmRusgazprom and ArmSwissbank was signed in 2008 May. Under the agreement ARG issued 1 billion Dram worth bonds with nominal price of one bond 50,00 Drams. The maturity period is 3 years, the annual interest rate is 9.5 percent.

ArmSwissbank was registered in 2004. It is 100 percent Swiss owned. ARG is a joint Russian-Armenian natural gas operator in which 80 percent is held by Russian Gazprom and 20 percent by Armenian government.  -0-

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Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Euro exchange rate plummets by 5.57 points to AMD 406.68

The average market exchange rate of the U.S. dollar to the Armenian dram on February 3, 2025, totaled 396.99 drams, down 0.36 points compared to January 31.

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ACBA Bank and the Japan International Cooperation Agency, JICA, are launching a partnership, as a result of which ACBA Bank will invest $50 million in the development of micro, small and medium-sized enterprises in Armenia.

Net inflow of money transfers to Armenia drops 1.1 times in 2024

The net inflow of cross-border transfers to individuals in Armenia, received from abroad through the banking system of the Republic of Armenia, amounted to $1.51 billion in January-December 2024, compared to $1.65 billion in 2023, according to the report from the Central Bank of Armenia.

Net inflow of remittances from Russia to Armenia in 2024 decreased by 52.3% – Ministry of Finance

In January-December 2024, the net inflow of remittances to Armenia decreased by 34.8%, with a decline of 52.3% from the Russian Federation and 3.5% from other countries.

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