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Daily Archives: Apr 11, 2024

Charles Aznavour’s art will be presented in a new and unique way

Banks
Acba Bank, Hayastan All-Armenian Fund and the State Symphony Orchestra of Armenia have partnered to make it possible to listen to the best works of the world-famous chansonist, the great Armenian Charles Aznavour, with a symphonic performance.

Armenia’s public debt to remain within 55% of GDP in 2024 in the absence of currency shocks – ADB

Economy
Armenia's public debt will remain at a manageable level within 55% of GDP in 2024 if there are no currency shocks, Grigor Gyurjian, Senior Economist at the Asian Development Bank's (ADB) Armenia Resident Mission, told a press conference on Thursday.

Asian Development Bank invested $1.9 bln in Armenian economy over 19 years.

Economy
The Asian Development Bank (ADB) has invested $1.9 billion in Armenia's economy since the launch of its cooperation with Armenia, Luke Forchtman, Deputy Director of the Asian Development Bank's Armenia Resident Mission, told a press conference today.

Armenia’s inflation will be 3% in 2024 and 3.5% in 2025 – ADB

Economy
Inflation in Armenia will amount to 3% in 2024 and accelerate to 3.5% in 2025 under the conditions of monetary policy easing, Luke Fotchman, Deputy Director of the Asian Development Bank's Armenia Resident Mission, told a press conference today.

Byblos Bank Armenia donates AMD 5 million to Health Fund for Children of Armenia

Banks
Byblos Bank Armenia has donated AMD 5 million to the Health Fund for the Children of Armenia to support the fund’s projects aimed at treating children with health issues.

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Armenia’s total state debt rose to $12.8 bln by December 2024.

Armenia's overall public debt as of December 31, 2024 amounted to $12,842,240,000, increasing by $274.4 million compared to November 30, 2024, the National Statistical Committee said.

Stepan Gishyan charity starts accepting  applications for grants up to AMD 5 million for 2025

The Stepan Gishyan charity foundation, run by Acba Bank, has announced today the launch of a grant competition, designed for legal entities.

Armenia’s SRC doesn’t see details of citizens’ transactions: committee head – on banking secrecy

“When we talk about access to bank secrecy of a person, we mean the amount of his/her transactions. There is no access to the details of the transactions,” the head of Armenian State Revenue Committee  (SRC) Eduard Hakobyan told  a parliamentary discussion today on the universal income declaration.

Euro jumps 3.4 points to AMD 413.36

The average market exchange rate of the U.S. dollar to the Armenian dram on February 5, 2025, totaled AMD 396.58, down 0.13 points compared to February 4.

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