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Russia’s Ministry of Finance not to tax deposits additionally

YEREVAN, April 3. /ARKA/. Russia’s Finance Ministry didn’t support the idea of taxing the deposits additionally, Minister Anton Siluanov said, Russian RIA Novosti reports.At present, interest income is not taxed if it doesn’t hit over +5% refinancing rate.  “After debates at Ministry of Finance we decided not to introduce any additional taxes on deposits. We decided to reject that idea,” Siluanov said.—0-

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Net inflow of remittances to Armenia from abroad decreased by 1.7 times in January

The net inflow of cross-border transfers to individuals in Armenia, received from abroad through the banking system of Armenia, amounted to $18.7 million in January 2025, compared to $32.8 million in January 2024, according to the report from the Central Bank of Armenia.

Euro exchange rate plummets by 3.34 points

The average market exchange rate of the U.S. dollar to the Armenian dram on February 28, 2025, amounted to AMD 393.26, having increased by 0.09 points compared to February 27.

Russia may allow payment of authorized capital of financial organizations in Armenian drams

The Federation Council of the Russian Federation approved a law granting the board of directors of the Bank of Russia the right to determine on an annual basis the list of types of foreign currencies that can be contributed to pay for the authorized capital of credit organizations, insurance organizations and non-state pension funds (NPF), TASS reports.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Euro exchange rate rises by 0.91 points

The average market exchange rate of the U.S. dollar to the Armenian dram on February 26, 2025, amounted to 393.51 drams, down 0.04 points compared to February 25.

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