Armenia may become powerful financial center for Eurasian Economic Union

YEREVAN, October 5. /ARKA/. Armenia may become a powerful financial center for the Eurasian Economic Union (EEU), a Russian presidential adviser Sergey Glazyev said at a briefing in Yerevan on Friday on the sidelines of the second Eurasian Partnership international forum.

According to him, Armenia’s competitive potential in the EEU has significantly expanded over the past year. He noted that Armenia has a unique position – on the one hand there is no common border with other EEU member countries, which makes it specialize in high-tech industry, since there is nowhere to transport goods with low added value.

“We are pleased that Armenia’s trade with all other members of the EEU is on the rise. On the other hand, Armenia has an advantage because of its unique intellectual technologies. We know how competitive Armenian computer specialists are, how strong are Armenia’s advantages in the financial and information technologies,” Glazyev said.

In this regard, the presidential adviser noted that the combination of information and financial technologies allows Armenia to create a powerful financial center in Yerevan for all EEU member countries. –0–

spot_img

POPULAR

Inflation of 4.2% recorded in Armenia in May

In Armenia, 12-month inflation in the consumer market in May of this year amounted to 4.2%, according to a report from the Statistical Committee of Armenia.

State Revenue Committee of Armenia discussed tax regulation of crypto assets with market participants

The State Revenue Committee of Armenia held a discussion with market participants on tax regulation of the cryptocurrency sector, the press service of the State Revenue Committee of Armenia reported.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (May 25-31) 

The week in Armenia's financial market was influenced by the Central Bank's signals on financial stability, credit risks, and banking sector profitability. Capital market development and client protection issues were also in focus.

Net inflow of remittances to Armenia from abroad increased approximately 2.7-fold in four months

The net inflow of cross-border transfers to individuals in Armenia, received from abroad through the Armenian banking system, amounted to $728.1 million in January-April 2026, compared to $273.4 million in January-April 2025, according to a report from the Central Bank.

Armenia could become a platform for implementing insurance technologies and AI solutions: head of the Bureau of Motor Insurers

Armenia could become a practical platform for testing and implementing modern insurance technologies and solutions based on artificial intelligence.

LATEST NEWS

spot_imgspot_imgspot_img