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Monthly Archives: February, 2024

Armenia to receive $3 mln ADB grant to improve food security

The Armenian government at a meeting on Thursday approved signing a grant agreement with the Asian Development Bank (ADB) to implement a program designed to improve food security adapted to climate change

Armenia ratifies agreement with EEU on mutual recognition of bank guarantees

The National Assembly of Armenia has approved the ratification of a Eurasian Economic Union (EEU) agreement on mutual recognition of bank guarantees in municipal and state procurement

Rostelecom supports the project on providing children’s rehabilitation services in Meghri

Emphasizing the role of social sector projects, Rostelecom Armenia has raised AMD 3 million for Arabkir United Children's Charity Fund to provide development and rehabilitation services for children in Meghri Regional Medical Center, Rostelecom's press service reports

Standard and Poor’s affirms Armenia’s sovereign ratings, maintaining “stable” outlook

S&P Global Ratings Services has affirmed the sovereign ratings of the Republic of Armenia's long-term/short-term foreign and local currency issues at "BB -"/"B", keeping the "stable" outlook unchanged, the press service of the Ministry of Finance reported

Visa and Unibank offer unique opportunities to Olympic Games fans

Visa, a world leader in digital payments, enters into a partnership with Unibank to offer unique opportunities to holders of Unibank Visa cards in Armenia on the eve of the Olympic Games Paris 2024

VISA brings its top innovations to Armenia – regional manager (EXCLUSIVE)

VISA is trying to make sure that all its top innovations reach Armenia as it develops its payments network and continues to add new benefits for cardholders, Diana Koguradze, VISA's regional manager for the South Caucasus, told ARKA news agency.

Number of payment cards in Armenia increased by 16.9% and reached 3.7 mln. In 2023

The number of payment cards in Armenia grew to 3.7 million in 2023, up 16.9% year-on-year, Chairman of the Union of Banks of Armenia (UBA) Daniel Azatyan told a press conference on Tuesday

Presence of international banks in Armenia important and desirable – UBA head

The arrival of international banks in Armenia is desirable and important, Chairman of the Union of Banks of Armenia (UBA) Daniel Azatyan said at the request of ARKA news agency in a comment on the latest bank  acquisition deals

WB: Net money transfers to Armenia dropped by 47.2 percent (yoy) in December 2023

Net money transfers (both commercial and noncommercial) dropped by 47.2 percent (yoy) in December but were 4 times higher than the previous monthб the World Bank says in its  "Armenia Monthly Economic Update - February 2024".

Armenia intends to ratify agreement with EEU on mutual recognition of bank guarantees

The Armenian Parliament's Finance and Budget Committee has approved a draft law calling for ratification of Armenia's agreement with the Eurasian Economic Union (EEU) on mutual recognition of bank guarantees in municipal and state procurements

Ameriabank set to join BOGG, a London Stock Exchange (LSE) listed financial group as a standalone entity

Ameriabank (the Bank) has reached an agreement with the BOGG (the Group), a UK registered financial group, to join the latter as a standalone entity and the Group to become the main shareholder of the Bank, with the European Bank for Reconstruction and Development (“EBRD”) retaining their 10% shareholding in Ameriabank, Ameriabank said today in a press release

Remittance inflow to Armenia to drop by 15% in 2024 – economist

Remittance inflow to Armenia in 2024 is very likely to  drop by  about 15% from 2023, while the remittance outflow will continue to grow, economist Aghasi Tavadyan believes