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

Inflation of 5.3% recorded in Armenia in April

In the Armenian consumer market, 12-month inflation in April of this year amounted to 5.3%, according to a report from the Statistical Committee of Armenia.

The average exchange rate of the Armenian dram to the US dollar in April was 4.2% lower than a year ago

In April 2026, the average exchange rate of the Armenian dram to the US dollar was 374.2 drams, compared to 390.7 drams in April 2025, according to data from the Statistical Committee.

Union of Banks: SMEs account for approximately 37% of Armenia’s economy and receive 60% of business loans

Small and medium businesses account for approximately 37% of Armenia's economy and receive approximately 60% of business loans, stated Daniel Azatyan, Chairman of the Union of Banks of Armenia.

The international chess tournament supported by IDBank has concluded

The Yerevan Spring ID Cup, organized with the support of IDBank, has successfully concluded.

Grant Akopian has been elected to the AmCham Board

Grant Akopian, CEO and Chairman of the Management Board of Converse Bank CJSC was elected as the AmCham Board member on April 29.

LATEST NEWS

spot_imgspot_imgspot_img