Armenian Central Bank submits proposal for development of digital society and economy

YEREVAN, December 24, /ARKA/. The Chairman of the Central Bank, Martin Galstyan, and the Deputy Chairman, Nerses Yeritsyan, submitted a proposal for the development of a digital society and economy for discussion at a meeting today dedicated to Armenia’s digital transformation agenda, which was chaired by Prime Minister Nikol Pashinyan, the government press office said.

The proposal was said to have been developed on the basis of international best experience, challenges of technological transformation, current results of digitalization of the Republic of Armenia.

It is based on the idea of ecosystem-based e-economy, and inclusive, secure digital transformation through digital solutions. It is proposed to implement measures in the directions of digital reform, data interoperability, development of management systems, mass use of electronic identification, cyber security, Internet business model, digital literacy, capacity building, e-commerce and services. The result is expected to be a simultaneous digital transformation of society, the economy, the government, and the formation of a common platform for national digital services. As a result, a simultaneous digital transformation of the society, the economy and the government and the formation of a common platform for national digital services are expected. It is envisaged to involve professional experts in the process, to introduce a system of evaluation indicators, which will measure the progress of the digital economy, its socio-economic impact. It is envisaged to involve professional experts in the process, and introduction of a system of evaluation indicators, which will measure the progress of the digital economy, its socio-economic impact.

An exchange of views took place on the topic. Issues related to the structure of the digital process management system, financing mechanisms, involvement of a professional team, raising public awareness were discussed, a number of proposals were presented.

Summing up the consultation, the Prime Minister noted that the most important priority of digital transformation should be the provision of mass application of electronic identification, interoperability of digital platforms and cyber security. Nikol Pashinyan instructed the persons in-charge to start the process of implementation of the proposal, taking into account the results of the discussion. -0-

spot_img

POPULAR

Central Bank of Armenia raised its monetary policy rate for the first time in over three years: how it has changed since the end...

Yesterday, the Central Bank of Armenia raised its monetary policy rate for the first time in over three years. After setting the rate at 10.75% in December 2022, it remained unchanged for several months, and in June 2023, the Central Bank began a gradual rate reduction cycle.

Risk premium on Armenian Eurobonds has decreased to approximately 170 bps – Central Bank Governor

The risk premium on Armenian Eurobonds has decreased to approximately 170 bps, Central Bank Governor Martin Galstyan stated yesterday at a press conference, responding to a question from ARKA news agency.

IDBank in Monaco: Armenian Financial Innovation on a Prestigious International Stage

During the two-day exhibition held in Monte Carlo, Armenia and Armenian products were showcased to the international community, ranging from fine jewelry and diamond manufacturing to innovative banking solutions.

Central Bank rate hike will not have a significant impact on market sentiment and investment activity in Armenia – Freedom Broker Armenia CEO

Freedom Broker Armenia Director Hovak Hovakimyan does not expect the Central Bank rate hike to have a significant impact on market sentiment and investment activity in the local market.

No liquidity shortage in Armenia, question is about business readiness: Central Bank Chairman

There is no liquidity shortage in Armenia, but the question remains about whether businesses meet investor requirements, according to Central Bank Chairman Martin Galstyan.

LATEST NEWS

spot_imgspot_imgspot_img