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Monthly Archives: October, 2021

Some 305 million drams paid in compensation claims to holders of agricultural insurance polices in Armenia

As of October 1, 2021, about 305 million drams were paid in compensation claims to holders of 1,440 agricultural insurance policies in Armenia, the Ministry of Economy reported

Assets under management of Armenian pension funds will reach almost $1 billion dollars at the end of 2021

The development of domestic capital markets is a priority in the region. This reflects not only the reduction of vulnerability of capital flows but also the necessity to strengthen the resilience of financial markets in general, said the Chairman of the Central Bank of Armenia Martin Galstyan during a webinar based on the materials of the new IMF report titled Regional Economic Outlook: Middle East and Central Asia

Armenian CB chairman: central banks do their best to look through temporary supply shocks

The main drivers of the inflation at this point are international food and energy prices, said the Chairman of the Central Bank of Armenia Martin Galstyan during a webinar based on the materials of the new IMF report titled Regional Economic Outlook: Middle East and Central Asia

Some 400 individual investors and corporate entities acquire 4.5 billion drams worth shares of Acba bank (video)

Some 400 individual investors and corporate entities have acquired 4.5 billion drams worth shares of Acba bank, which it issued in September 2021, the bank’s press office said today

Armenia’s national debt at the end of 2022 to make 60.2% of GDP – Minister of Finance says

Armenia's national debt at the end of 2022 will amount to 4 trillion 740 billion drams or 60.2% of GDP, Minister of Finance Tigran Khachatryan said today

Armenian government’s budget deficit in 2022 projected at 3.1% of GDP- minister

The deficit of the Armenian government’s 2022 budget is projected at 3.1% of GDP or 243 billion drams, Finance Minister Tigran Khachatryan said today when speaking at a parliamentary hearing on next year’s budget

Acba bank and NABU succeed in developing organic agriculture in Armenia

The participants of the three-day international conference on organic agriculture, nature protection and poverty reduction, initiated by the Germany's Nature and Biodiversity Conservation Union (NABU), have revealed Armenia’s eco-potential

Armenia-based banks paid about 41 billion drams in taxes in 9 months of 2021

All 17 Armenia-based commercial banks are in the list of 1000 largest corporate taxpayers in the first 9 months of 2021, having paid over 40.9 billion drams in various taxes, the State Revenue Committee (SRC) said today

VTB Bank (Armenia) offers customers to buy goods and services on installment in more than 600 outlets

As a leading bank in Armenia’s installment loans market, VTB Bank (Armenia) provides customers with the opportunity to purchase goods and services on installment in more than 600 outlets, which are its partners, thereby allowing customers to buy goods and services now and pay for them over the next months

BSTDB: capital adequacy ratio of Armenia’s banking sector as of June 2021 was 17%

The capital adequacy ratio of Armenia’s banking sector as of June 2021 was 17%, as much as in June 2020, the Black Sea Trade and Development Bank (BSTDB) said in a report

Ostrich farm founded in Masis

Armenak Asatryan, who founded an ostrich farm in Masis, moved to Armenia 4 years ago. He started the farm after studying the international experience in this area

Armenia’s annual lending drops by 12% in first half of 2021 to 2 percent –BSTDB

Lending rates have increased in Turkey and Armenia, the two countries that began tightening their monetary policies in 2020, while lending growth has slowed significantly, the Black Sea Trade and Development Bank (BSTDB) said in a report