Monthly Archives: July, 2019

Government wants to introduce mortgage vacation for borrowers

An Armenian-government drafted bill calls for the introduction of "mortgage vacation." The bill is available on the e-draft.am electronic platform. The bill says that borrowers who appear in a "difficult life situation" are given the opportunity to take one-time mortgage vacation

Private remittances sent to Armenia via banks in May 2019 grew to $168.9 million,

The amount of private remittances sent to Armenia via banks in May 2019 totaled $168.9 million, an increase of $29.2 million, or 20.9% as opposed to the same month in 2018, the Central Bank of Armenia said today. It said in May alone the amount of remittances increased by 16.9% from the previous month

Armenia’s central bank leaves refinancing rate unchanged at 5.75%

Armenia's Central Bank decided today to leave the refinancing rate unchanged at 5.75%

VTB Bank (Armenia) ATM blown up and money stolen

Armenia's Investigation Committee said today that 18 million drams were stolen from a VTB Bank (Armenia) ATM. It said the ATM had been blown up in the early hours on July 28 by a person or persons

Armenian dram among strongest national currencies in former Soviet Union’s space

The Armenian dram is among the four strongest national currencies of former Soviet republics that rose against the US dollar over a period between July 18 and 25, vestifinance.ru reports referring to Alpari Research and Analysis Center. The other six currencies shed against the dollar

Armenian vice-premier discusses with EBRD delegation country’s development strategy for 2019-2024

Armenian Vice-premier Tigran Avinyan received Wednesday a EBRD delegation headed by Dmitry Gvintadze, the head of the Armenian office, the press office of the Armenian government reports

Armenian economy minister discusses with World Bank representatives trade development prospects

Armenian Economy Minister Tigran Khachatryan met with representatives of the World Bank’s Trade Promotion and Quality Infrastructure program on Tuesday and discussed with them the criteria and studies arranged yet with the previous mission

Forgery of AMD 10-thousand ($21) banknotes disclosed by Armenian National Security Service

The National Security Service of Armenia has disclosed a case of forgery of AMD 10-thousand ($21) banknotes, the press office of the Service reported on Tuesday

Cases opened in Armenia against insurance companies dodging taxes

The State Revenue Committee of Armenia has opened criminal cases against a number of insurance companies over tax, duties and other mandatory payments evasion by providing false data, the press office of the Committee reports

Novosti-Armenia News Agency launches new special project – Food&Wine

Novosti-Armenia International News Agency has launched a new special project - Food&Wine, where the latest, exciting and useful information about gastronomic specialties, original and favorite dishes will be released

National Mortgage Company refinances some 11,000 loans over one decade

Armenia’s National Mortgage Company Universal Credit Organization has refinanced some 11,000 loans over one decade of its presence at Armenia's market, of which 7,400 have been provided for acquisition of housing, and the remaining loans for repair and construction of detached houses, National Mortgage Company UCO Executive Director Edmond Vardumyan said in an exclusive interview with ARKA News Agency.

Unibank opens 50th branch in Armenia

Unibank’s new branch was opened in the city of Ararat, the bank's press office reported on Tuesday. All the clients, both individuals and legal entities will be provided with all the banking services including the admission of deposits, consumer and business crediting, money transfers, cash and settlement services, investments in Unibank’s shares and bonds at the newly opened branch