Acba Bank sponsors 14th Armenian «ArmRobotics 2022″ championship

YEREVAN, December 8, /ARKA/. In order to boost interest in robotics, programming, electronics and design in Armenia, as well as in engineering professions, the Union of Advanced Technology Enterprises (UATE) will hold the 14th Armenian championship of self-directed robots “ArmRobotics 2022” on December 11. Acba Bank is one of the sponsors of the championship.

The teams divided into 3 different groups – school age teams (10-17 years old), teams of start-up companies and specialized companies will demonstrate their skills, abilities and knowledge of robotics and programming.

The robots to be created during the championship by the teams will have to solve a set of tasks related to agriculture, from harvesting crops to planting seeds, from watering vegetable gardens and plants to feeding animals. The robots will also monitor the economy and analyze the data obtained.

Acba Bank  is controlled by the Central Bank of Armenia. -0-

spot_img

POPULAR

Armenian banks’ loan portfolio in Q1 amounted to AMD 8.01 trillion, an increase of over 22%

As of March 31, 2026, the total loan portfolio of Armenian banks stood at AMD 8.01 trillion, marking a 22.63% rise compared to March 31, 2025, and a 4.05% increase from December 31, 2025.

In February, Armenia’s net inflow of non-commercial money transfers grew moderately after a jump in January – WB

In February, net non-commercial money transfers to Armenia grew by 5.2 percent (yoy), following a 44 percent (yoy) surge in January, according to World Bank's Armenia Monthly Economic Update – April 2026 .

Euro and US dollar drop against Armenian dram, while ruble rises

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of April 20, 2026, decreased by 0.49 points compared to April 18, to 372.85 drams.

Assets of Armenian banks increased by 16.67% to 13.15 trillion drams as of the end of Q1 2026

Total assets of Armenian banks as of March 31, 2026, amounted to 13.1 trillion drams, an increase of 16.67% compared to March 31, 2025.

ADB considers Armenia’s capital market development key to long-term financing, investment, and sustainable growth

Developing Armenia's capital market is considered key to increasing the availability of long-term financing and supporting investment, economic diversification, and sustainable growth, according to the ADB's Asian Development Outlook (April 2026).

LATEST NEWS

spot_imgspot_imgspot_img