Conversebank raffling off trip for two to Venice

YEREVAN, December 16. /ARKA/. Armenia’s Conversebank is raffling off a trip for two to Venice for all its clients carrying out non-cash transactions via Visa card, the bank’s press office reported.

The offer is valid from December till April 30 2014, according to the report.

Conversebank’s Visa card holders will gain points and get the pain prize, i.e. trip for two to Venice, including air ticket, visa and hotel expenditures, says the report.

Clients will get 2 points for each non-cash transaction via Visa card and an additional 1 point for every 1,000 drams in non-cash payment.

The card holder who will provide a turnover exceeding 500,000 drams and will gain the highest number of points during five months will be the winner.

In case of equal points the card holder with highest number of transactions will win. The second- and third-place winners will get SMART TV sets, and Ipad-mini will be presented for the next two places, says the report.

Converse Bank is owned by Argentinean Armenian businessman Eduardo Eurnekyan (95 percent) and by the Armenian Apostolic Church (5 percent).  –0–

spot_img

POPULAR

Food and non-alcoholic beverages accounted for approximately 59% of Armenia’s inflation in February – WB

n February, inflation in Armenia rose to 4.3% (y/y) from 3.8% (y/y) in January. According to the World Bank's "Armenia Monthly Economic Update – March 2026," food and non-alcoholic beverages continued to be the largest contributors, increasing in price by 6.5% and contributing approximately 59% to overall inflation.

Accelerating inflation in Armenia in January and February driven by food price dynamics – EDB review

In January and February 2026, inflation in Armenia amounted to 3.8% y/y and 4.3% y/y, respectively, according to the EDB's March review.

Euro rose against the Armenian dram, while the dollar and ruble fell: Central Bank of Armenia

The average market exchange rate for the US dollar to the Armenian dram, determined on March 16, 2026, fell by 0.13 points compared to March 13, to 377.41 drams.

Armenia to Receive €120 Million Loan and €15 Million Grant from KfW Bank for Power Grid Connection with Georgia

At a meeting on Thursday, the Armenian government approved the signing of a €120 million loan agreement with the German bank KfW for the "Caucasus Transmission Network - NIF" project to connect the power systems of Armenia and Georgia. Additionally, a €15 million grant agreement with KfW was approved for the "EU Caucasus Transmission Network - NIF. Phase II" project.

Armenia to Raise OSAGO Payout Limits on April 1 – Reason Given

In Armenia, maximum payout limits for compulsory motor third-party liability insurance (OSAGO) will increase on April 1, 2026.

LATEST NEWS

spot_imgspot_imgspot_img