Fourth chess tournament for mass media representatives held under VTB Bank (Armenia) sponsorship

YEREVAN, February 12. /ARKA/. The fourth chess tournament for mass media representatives took place Saturday in Yerevan under the sponsorship of VTB Bank (Armenia) and with support from the Chess Academy of Armenia and Sil Maaza Company, the press office of the bank reported on Monday.

The event has been organized by the Association of Foreign Correspondents.

The winner of the fourth championship was Vadim Mkrtchyan, Golos Armenii newspaper correspondent, who has won three previous championships – in 2015, 2016 and 2017. He scored 6 of the possible 7 points.

Suren Baghdasaryan, chief editor at Football Plus newspaper and a well-known TV football caster, came second in the tournament with 5.5 points, and Narek Vardazaryan, a haymedia.am journalists ranked third.

They all received cups, diplomas and money prizes, and the winner received the cup from Armenia Chess Champion Hayk Martirosyan.

Other prizes were handed to journalist participants as well – to Norayr Shoghikyan from hetq.am and Ara Nalbandyan, an independent journalist, for the nicest win, to Ruben Margaryan from Golos Armenii for will-to-win spirit, to Vadim Mkrtchyan from Golos Armenii for the fastest win and Arthur Buniatyan, 72, the chief editor of Aspet newspaper, as the oldest participant.

As many as 17 journalists from different media resources competed at the tournament, which consisted of seven rounds and was held on the chess blitz system. Ten minutes was given to each couple of participants for one game with additional five seconds for each step.

Vahagn Khachatryan, internationally certified arbiter and deputy chairman of the Yerevan Chess Federation, was chief umpire at the tournament.

“The aim of the tournament is to promote chess development in the country and foster sport lifestyle in the journalist community”, said Tigran Hovhannisyan, the president of the Association of Foreign Correspondents.

VTB Bank Armenia (Armenian Savings Bank before June 2006) joined VTB Group in April 2004. VTB, the second largest bank of Russia, holds 100% of shares of VTB Bank (Armenia). VTB Bank (Armenia) has 67 branches all over Armenia’s territory – the largest branch network in the country. VTB Bank (Armenia) is reckoned among leaders for general indicators. –0—

spot_img

POPULAR

Average exchange rate of the Armenian dram to the US dollar in May was 4.7% lower than a year ago

In May 2026, the average exchange rate of the Armenian dram to the US dollar was 368.5 drams, compared to 386.6 drams in May 2025, according to data from the Statistical Committee of Armenia.

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.

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.

Euro and dollar exchange rates against the Armenian dram have increased again, while the ruble has weakened again: Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of June 2, 2026, increased by 0.18 points compared to June 1, reaching 368.53 drams.

LATEST NEWS

spot_imgspot_imgspot_img