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Monthly Archives: April, 2023

Unibank has become a member of the Chamber of Commerce and Industry France Armenia

Unibank has become a member of the Chamber of Commerce and Industry France Armenia (CCI FA)

Armenia will provide Artsakh with new interstate loan of 3.5 billion drams

The Armenian government will provide an interstate loan of AMD 3.5bln to the government of Nagorno-Karabakh

Armenian government debt to GDP ratio decreased to 46.7% in 2022 – Ministry of Finance

The Armenian government's debt-to-GDP ratio shrunk significantly, reaching 46.7% in 2022 from 60.2% a year earlier, Armenian Finance Minister Vahe Hovhannisyan said Thursday

Armenian commercial banks paid 20.5 billion drams in taxes in first quarter of 2023

Seventeen out of 18 Armenia-based commercial banks are in the list of the 1000 largest corporate taxpayers in the first quarter of 2023 having paid 20.5 bln drams in various taxes, according to the State Revenue Committee (SRC)

VTB (Armenia) raises rates on deposits in AMD

VTB (Armenia) said today it was raising the interest rate on "Progressive" deposits placed in Armenian drams by 1 percentage point

Armenian parliament ratifies agreement on purchase of part of Russia’s share in authorized capital of Eurasian Development Bank

The Armenian parliament has ratified today a bill on ratification of the intergovernmental agreement between Armenia and Russia on the purchase and sale of the Russian Federation's share in the paid-up authorized capital of the Eurasian Development Bank (EDB)

Journey to Kingdom of Urartu through virtual reality headsets

Visitors to Erebuni historical and archaeological reserve-museum may now use virtual reality headsets to travel thousands of years back and take part in historical events, the press service of Acba Bank reported

Armenian National Assembly committee approves loan agreement with EDB for North-South highway construction

Armenian National Assembly's standing committee on financial-credit and budgetary affairs on Tuesday approved the ratification of a loan agreement with the Eurasian Development Bank (EDB) for the North-South highway project

Armenian banks’ ranking by loan portfolio size in first quarter of 2023

In the first quarter of 2023, Armenia's banks' loan portfolio grew by 3.4% to over AMD 4.3 trillion as of 31.03.2023

Net profit of Armenian banks in first quarter of 2023 more than double year-on-year

Eighteen Armenia-based commercial banks earned 70 billion drams in net profit in the first quarter of 2023, by 115.4% more from the same time span in 2022, according to the banks' statements published in accordance with international financial reporting standards (IFRS). All 18 banks operated with profit

AraratBank has been awarded the title of Valued Partner of EBRD

AraratBank has been awarded the title of Valued Partner of EBRD by the European Bank for Reconstruction and Development for lasting and effective cooperation between EBRD and AraratBank

Production of natural vegetable oils established in Spitak

White violet – a small social enterprise in Spitak - creates natural plant oils. Twelve plant extracts were obtained in the production: nettle, chamomile, rose, basil, even lilac and dandelion, but they decided to have linden, sand thorn and rosehip seed oils as the main products