About 10bln drams paid in Armenia in compensation for deposits in USSR Sberbank – Minister

YEREVAN, January 22. /ARKA/. The program of compensations for frozen deposits in USSR Sberbank for 2005-2013 has been completed and a total of about 10 billion drams was paid to registered citizens in the period, Armenia’s minister of labor and social affairs Artem Asatryan said Tuesday.

From 2005 to 2006, 62,000 people got registered for compensation, and the program was completed in 2013, the minister said in summarizing the 2013 results.

Asatryan also said the program will continue in 2014 and will cover people born before December 31 1929 that are socially insecure, disabled or have contributed to border protection operations.

On March 16, 2006, Armenia’s government approved the procedure for compensation for deposits in the country’s USSR Sberbank placed before June 10 1993. Compensations were paid only to beneficiaries included in the social benefits list in the period from July 1 2005 to April 1 2006. In the first stage a priority was given to citizens above 70 who were in the family social benefit lists. ($1 – 406.25 drams).–0–

spot_img

POPULAR

Team Holding Raises Approximately $35 Million on the Armenian Capital Market via Bond Issuance

Team Holding has completed its corporate bond public offering program in Armenia, raising funds equivalent to approximately $35 million.

Armenian Government Approves 2027 State Budget Draft

At its meeting on Thursday, the Armenian government approved the draft law "On the State Budget of the Republic of Armenia for 2027," which will be submitted to the National Assembly in accordance with established procedure.

IMF mission discusses macroeconomic issues and reforms with Armenian authorities

Armenian Deputy Prime Minister Tigran Khachatryan met with a delegation from the International Monetary Fund (IMF) mission, led by the IMF mission chief for Armenia, Nathan Porter, the Armenian government's press service reported.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (September 21–27)

Armenia’s financial agenda this week centered on developing regulatory cooperation, digitizing currency transactions, and expanding capital market instruments.

Central Bank of Armenia and IMF Discuss Macroeconomic Situation and Financial System Reforms

A concluding meeting took place at the Central Bank of Armenia with an IMF delegation led by Mark Horton, the IMF mission chief for Armenia.

LATEST NEWS

spot_imgspot_imgspot_img