New executive director appointed at Artsakhbank

YEREVAN, June 13. /ARKA/. On Monday, Artak Balayan was appointed as Artsakhbank executive director and board chairman.

According to the bank’s press office, earlier, on May 17, Arden Selefian was elected as chairman of the bank’s council.

Arden Selefian was born on Septmber 25, 1951 in Istanbul. He graduated from the Faculty of Business and Economics of the University of Lausanne (Switzerland). Chief adviser at Franck Muller Group (Switzerland) – from 2000 till now, and a member of the Artsakhbank board – from 2002 till now.

Artak Balayan was born on June 30, 1976 in Stepanakert, Artsakh. Graduated from Artsakh State University’s finance and lending department in 1998. He started building his career in 1998 at Artsakhbank, where held different positions, including administrative posts.

From 2007 to 2015 Balayan was the chief of Nagorno-Karabakh Republic’s tax agency, after which worked as adviser and chief of the economic division of the Nagorno-Karabakh president’s administration. –0—-

spot_img

POPULAR

Dollar and euro exchange rates against the Armenian dram fell again: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of July 20, 2026, fell by 0.92 points compared to July 17, reaching 365.93 drams.

Acba Bank to Support Armenian Exports

To support the development of local producers, promote Armenian exports to various countries worldwide, and enhance the competitiveness of Armenian businesses, Acba Bank is offering the best export factoring terms currently available in Armenia until September 30.

Yerevan’s budget revenues for January-June exceeded the target by 10.3%

As of June 30, 2026, Yerevan's budget revenues amounted to 49.2 billion drams, compared to the planned 44.6 billion drams for January-June, according to David Hakobyan, Acting Head of the Revenue Accounting and Collection Department at the Yerevan City Hall.

Net inflow of non-commercial remittances to Armenia increased by 30.2% in May — World Bank

Net inflow of non-commercial remittances to Armenia increased by 30.2% in May 2026 compared to the same period last year, according to the World Bank's Armenia Monthly Economic Update – July 2026.

“Golden Crown” has restricted money transfers from Russia to Armenia and several other countries

The "Golden Crown" payment system has restricted money transfers from Russia to Armenia, Georgia, Kazakhstan, and several other countries following the imposition of new EU sanctions, Russian media report.

LATEST NEWS

spot_imgspot_imgspot_img