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Central bank of Armenia registers bureau of car insurers

Insurance

YEREVAN, June 29. /ARKA/. The Central Bank of Armenia has registered Bureau of Car Insurers, the union of legal entities, the central bank’s press office reported on Monday.

The central bank’s board has also decided to provide a license to SAS Group’s branch #6 for carrying out forex operations.

On May 18, Armenian National Assembly passed the bill on mandatory car insurance.
This law is to take force on Jan 1, 2011.-0—

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Insurance

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state
Exchange market

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.
Exchange market

Euro down 1.47 points to 412.25 drams

The average market exchange rate of the US dollar to the Armenian dram as of January 31, 2024, was 97.35 drams, down 0.57 points compared to January 30.
Banks

ACBA Bank to Invest $50 Million in MSME Development in Partnership with JICA (VIDEO)

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.
Banks

Armenian company buys Russian subsidiary of Goldman Sachs

Russian President Vladimir Putin has authorised the purchase of Goldman Sachs' unit in Russia by investment company Balchug Capital, a government decree published on Friday showed, Frank Media reports.

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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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