Sat, 26 July
22.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Italian banker impressed by Armenian banking legislation

YEREVAN, December 19. /ARKA/. Antonio Fallico, president of Conoscere Eurasia Association and chairman of the board of Italy’s Banca Intesa, praised the banking legislation of Armenia.

“When I visited Armenia for the first time, I was greatly impressed by the legal framework it developed for Armenian banks, which in my opinion is the best in the region”, – Fallico said to Novosti-Armenia news agency.

“I should say that it did not take us long to establish very good relationships with Armenian banks. I would say it occurred kind of instinctively, may be due to the history, traditions, for example, I can mention the Armenian community in Venice, – he said.

He added that Armenia, despite its small size, is a strategically important country for the region.

“Geopolitically, Armenia is a very important country. In terms of investment climate it has created favorable conditions. I think that Armenia can become a very important country, not only for the West but for the whole of the Eurasian Economic Union, particularly in terms of the processes that may occur in the coming 2-3 years in the Middle East “, – said Fallico.

He also reminded that Armenia has a common border with Iran, with which it has a close relationship. In addition, he said, the country has a lot of Italian companies.

“I want to draw attention to the great contribution made by Armenia to the development of digital technology,” – said Fallico. — 0–

spot_img

POPULAR

In Armenia, bad loans worth over $1 million have been written off under the state support program – Ministry of Social Affairs

14,757 applications for writing off bad loans have been received in Armenia within the framework of the relevant state support program, which started on February 1, 2025.

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

LATEST NEWS

spot_imgspot_imgspot_img