Mon, 13 October
11.1 C
Yerevan
USD: 382.68 RUB: 4.71 EUR: 442.80 GEL: 141.21 GBP: 507.66

Armenian president refuses to sign into law two bills passed earlier by national assembly

YEREVAN, February 6. /ARKA/. Armenian President Armen Sarkissian refused today to sign into law two bills passed earlier by the National Assembly, his press office reported. It said one of the bills is about a set of amendments made to the law on Criminal Procedure and the other is about amendments made to the law on Bank Secrecy.

The president explained his refusal to sign the bills by the fact that some provisions in them are problematic in terms of constitutionality.

“The president did not sign these bills into law and asked the Constitutional Court to determine their compliance with the Constitution,” a statement by Sarkissian’s press office said.

On January 22, 2020, the National Assembly approved amendments to the laws on Criminal Procedure and Bank Secrecy, which remove restrictions on bank secrecy. Under the current law, bank secrecy can be disclosed only with respect to suspects and accused. The bills remove these restrictions, although they provide specific mechanisms of guarantees.

In particular, requirements for requests for access to bank secrecy have been strengthened and a guarantee has been established in the form of prosecutorial oversight. -0-

spot_img

POPULAR

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

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

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

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.

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

Armenia’s total public debt exceeded $14.1 billion as of August 2025

Armenia's total public debt as of August 31, 2025, amounted to $14,130.342 million, an increase of $31.781 million compared to July 31, 2025.

LATEST NEWS

spot_imgspot_imgspot_img