State Revenue Committee returns 3.4 billion drams of income tax for repayment of mortgage interests

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

The international FINTECH360 conference took place in Yerevan, bringing together around 500 participants from more than 30 countries, including the United States, United Kingdom, France, Germany, Switzerland, Cyprus, Latvia, Luxembourg, Romania, UAE, India, Russia, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan, Moldova, Uzbekistan, Georgia, and others.

The Central Bank of Armenia has initiated a program to support small and medium-sized businesses, under which interest rates on loans for companies with good credit and tax histories may be reduced by 1-1.5%, stated Central Bank Chairman Martin Galstyan.

The Armenian Bureau of Motor Insurers and the international organization Global Association of InsurTech Professionals (GAIP) signed a cooperation agreement on Monday in the field of compulsory motor insurance (CMTPLI) and insurance technologies.

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.