China to provide Armenia with $2 million humanitarian assistance

YEREVAN,  April  7, / ARKA /. China will provide Armenia with a 40 million Yuan ($2 million) humanitarian assistance,  a deputy Armenian foreign affairs minister, Shavarsh Kocharian, said today during a recurrent Cabinet session.

He said an agreement to  that end will be signed in Yerevan on April 12 when a delegation led by Li Changchun, a member of China’s top leadership, will pay an official good-will visits to Armenia. Li is  a member of the Standing Committee of the Political Bureau of the CPC Central Committee. The Armenian Cabinet approved today signing of a technical cooperation agreement with China. -0-

spot_img

POPULAR

Armenian commercial banks paid 28.65 billion drams in various taxes in Q1

All 17 Armenia-based commercial banks are included in the list of the 1,000 largest taxpayers in the first quarter of 2026, having paid a total of 28.65 billion drams to the state budget, according to data released today by the State Revenue Committee.

The “New Partner” loan is gaining popularity among VTB (Armenia) clients

VTB (Armenia) is seeing steady growth in demand for its small business loan product with a simplified application process—no collateral required, no additional financial analysis required.

In February, commercial bank deposits in Armenia decreased by 0.2%, while lending expanded by 0.9% — World Bank

In February 2026, commercial bank deposits in Armenia decreased by 0.2% (MoM), while lending grew by 0.9% (MoM), according to the World Bank's "Armenia Monthly Economic Update – April 2026."

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (April 13–19)

The week in the Armenian financial market was influenced by updated assessments from international financial institutions, monetary policy signals, and the continued stability of the foreign exchange market.

Armenian authorities expect capital market value to double to 1.3 trillion drams by 2031 – Pashinyan

The capital market in Armenia is projected to grow from 664 billion drams in 2025 to 1.3 trillion drams by 2031, as stated by Prime Minister Nikol Pashinyan while unveiling the election platform of the Civil Contract party.

LATEST NEWS

spot_imgspot_imgspot_img