Monthly Archives: August, 2024

Tanik Vayq launches eco-friendly tile production using recycled plastic with Acba’s support

Tanik Vayq, a pipe manufacturing company in Armenia, has expanded its operations to include the production of polymer-sand tiles made from recycled plastic and sand.

Yerevan hosts children’s book festival supported by VTB Armenia

The children's book festival "Newmag Back To School" was held in Yerevan with the support of VTB Armenia.

Ardshinbank granted preliminary approval to acquire majority stake in HSBC Bank Armenia

The Board of Armenia’s Central Bank granted preliminary approval for Ardshinbank CJSC to acquire a significant direct shareholding of 75% or more in the charter capital of HSBC Bank Armenia, the regulator reported on Tuesday.

Broker BCS resumes AMD transactions

Brokerage firm "BCS World of Investments" resumed operations for the deposit and withdrawal of Armenian drams and Kazakh tenges

Unibank opens renovated branch in Ashtarak

Unibank has opened its newly renovated branch in Ashtarak

Unisport club celebrates achievements of Olympic athletes supported in Paris 2024

Unisport Club has concluded its program supporting athletes who participated in the 2024 Summer Olympics in Paris, according to a press release from Unibank.

Armenia Securities Exchange rebrands to Armenia Stock Exchange

The Armenia Securities Exchange has officially changed its name in English to Armenia Stock Exchange.

S&P reaffirms Armenia’s sovereign credit ratings with stable outlook

On August 23, international credit rating agency S&P Global Ratings reaffirmed Armenia's long-term and short-term sovereign credit ratings in both foreign and local currency at "BB-/B." The agency also maintained its "stable" outlook for the country.

S&P forecasts 1.6% inflation for Armenia, predicts continued easing of monetary policy

International credit rating agency S&P Global Ratings has forecasted an average inflation rate of 1.6% for the year, reflecting a broader increase in price pressures.

Euro exchange  rate down 0.57 points to 427.51 drams

The average market exchange rate of the US dollar to the Armenian dram has dropped today by 0.16 points from August 14 to 388.26 drams, the Central Bank reported.

New banknotes of 5,000 drams and 10,000 drams put into circulation in Armenia

Banknotes of 5,000 drams and 10,000 drams denomination have been put into circulation by the decision of the Central Bank of Armenia from 15 August.

Silver commemorative coins for 100th anniversary of Aznavour and  125th anniversary of Kochar put into circulation in Armenia

On August 15, 2024, the Central Bank of Armenia puts into circulation “100th birth anniversary of Charles Aznavour” and “125th birth anniversary of Ervand Kochar” silver collector coins.