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WB: Armenia’s economy is gradually recovering despite some challenges

YEREVAN, June 22. /ARKA/. Armenia’s economy is gradually recovering despite some challenges, Aristomene Varoudakis, head of the World Bank’s Yerevan office, said Monday at his meeting with Armenian National Assembly Speaker Hovik Abrahamyan.

The national Assembly’s press office told ARKA News Agency that Abrahamyan thanked Varoudakis, who is wrapping up his mission in Armenia, for effective cooperation and expressed appreciation of his activity here.

Abrahamyan and Varoudakis spoke about the global crisis and its impacts on Armenia.
They also discussed regional problems.-0—

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Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

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.

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.

Armenia to start providing loans of up to 15 billion drams for the creation of greenhouse farms

On Thursday, the Armenian government approved a program to stimulate the development of modern, technologically advanced large greenhouse farms.

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