Tue, 17 February
6.1 C
Yerevan
USD: 377.67 RUB: 4.91 EUR: 448.14 GEL: 140.92 GBP: 515.52

Pashinyan, Haroutunyan point out necessity of bolstering Artsakh’s banking system

YEREVAN, May 22. /ARKA/. Armenian Prime Minister Nikol Pashinyan and President of Artsakh Arayik Haroutunyan met today in Stepanakert with representatives of Armenia’s and Artsakh’s banking systems, the press office of the Armenian government reports.

Arayik Haroutunyan welcomed the meeting participants and thanked the Armenian premier for organizing a meeting in this format. “We should not only continue, but to step up cooperation as we are going to ensure higher development rates in the future. Whereas the two governments’ financial resources will not be enough to do so, we will need to implement more ambitious programs,” the president of Artsakh said.

Pashinyan, for his part, stressed the importance of the tangible progress Artsakh’s banking system has recorded over the past decade, “which was instrumental in fostering the country’s economic achievements”.

“The economic ambitions we have set will be impossible to implement if they are not realized by the banking system. In some sense, this content should be formed jointly,” he said. “We did so during the state of emergency when government, banking system representatives and lawmakers would come together to discuss agriculture development, social issues and so on. This can be really effective; it should not be viewed as a separate meeting, but a talk that needs to be continued.”

According to the Armenian government’s press service, the meeting discussed ways of boosting cooperation between financial and banking systems, bolstering Armenian banks’ activities in Artsakh, promoting the funding of prospective business projects, etc.

The banking system representatives expressed readiness to follow the initiatives of Armenia’s and Artsakh’s governments and get involved in those programs aimed at ensuring greater resources with low interest rates for the market. -0—

spot_img

POPULAR

Armenia proposes clarifying the procedure for compensating social expenses

Armenia plans to bring the procedure for compensating social expenses for citizens who declare their income into line with amendments to the Tax Code, announced Finance Minister Vahe Hovhannisyan.

Yerevan budget revenues executed 103.6% in January 2026 — Municipality

Yerevan's budget revenues in January 2026 amounted to 7.2 billion drams, compared to the planned 6.9 billion drams, Acting Head of the Revenue Accounting and Collection Department of the Yerevan Municipality, David Hakobyan, announced at a working meeting on Monday.

Central Bank of Armenia has set maximum fees for non-cash payments for a number of business entities

The Board of the Central Bank of Armenia has set maximum fees for certain business entities for non-cash payments, in particular, card payments made through physical POS terminals.

EDB assesses factors driving Armenia’s GDP growth in 2026 – macro review

According to EDB forecasts, Armenia's GDP will grow by 5.3% in 2026.

Since 2018, Armenian citizens have received 300 billion drams in income tax refunds for mortgage repayments – Ministry of Social Affairs

From 2018 to 2026, approximately 300 billion drams have been transferred to Armenian citizens under the income tax refund program for mortgage interest repayments, announced Minister of Labor and Social Affairs Arsen Torosyan.

LATEST NEWS

spot_imgspot_imgspot_img