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Cyprus Finance Ministry ready to lift restrictions on foreign banks

YEREVAN, April 26. /ARKA/. Cyprus Finance Ministry issued a decree that allows you to bring in the country are foreign financial institutions from the application of measures restricting banking, ypLive. Com reports.

To this end, according to the decree, international banks have to meet certain requirements, in particular relating to the availability of liquidity and credit portfolio. They also have to register and enter in the “Catalogue of credit institutions, compiled by the Ministry with the advice and consent of the manager of the Central Bank.”

The Central Bank may, if necessary, ask the bank’s auditors to confirm in writing compliance with the credit institution all specified conditions. In addition, foreign banks must submit their list of international clients, which are also subject to the approval of the Ministry of Finance. –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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