Wed, 4 February
0.1 C
Yerevan
USD: 378.44 RUB: 4.93 EUR: 446.07 GEL: 140.62 GBP: 516.76

Membership in Customs Union very important for Armenia

YEREVAN, February 7. /ARKA/. Membership in the Customs Union is very important for Armenia, Finance Minister David Sargsyan said Friday in Tsakhkadzor at a conference “Armenian Capital Market: New Opportunities and Challenges”.

«Membership in the Customs Union will be very important to us since our companies will get free access to a larger than 180-million market,» he said.

He said that Armenia will also continue cooperating with the European Union in implementation of the planned reforms.

In early September, Armenian President Serzh Sargsyan and his Russian counterpart, Vladimir Putin, made a joint statement, according to which Armenia has decided to join the Customs Union and to take part in formation of the Eurasian Union in the future. —0—-

spot_img

POPULAR

Maldives trips and Apple devices awarded to loyal Byblos Bank Armenia customers

On January 30, the “Your Turn to Win” campaign organized for Byblos Bank Armenia Mastercard cardholders concluded.

Armenia’s Financial System in January 2026: Balancing Monetary Policy, Credit Growth, and Debt Sustainability

In January, Armenia's financial system evolved within the macroeconomic and monetary-credit frameworks previously established. The monetary policy adhered to the parameters set for late 2025, the banking sector continued to enhance credit intermediation, and debt policy remained a priority for financial authorities and investors.

Central Bank of Armenia reduces maximum commission rates for cashless payments

Last week, the Central Bank of Armenia decided to reduce the fees banks charge businesses for cashless payments, Central Bank Governor Martin Galstyan announced.

Net inflow of money transfers to Armenia from abroad increased by 8.6% in 2025

The net inflow of cross-border remittances to individuals in Armenia, received from abroad through the Armenian banking system, amounted to $1.64 billion in January-December 2025, compared to $1.51 billion in January-December 2024, according to a report from the Central Bank.

EBRD invested record €426 million in Armenia in 2025

The European Bank for Reconstruction and Development (EBRD) invested a record €426 million in the Armenian economy in 2025 through 26 projects, the bank's press service reported.

LATEST NEWS

spot_imgspot_imgspot_img