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Daily Archives: Dec 20, 2024

Net non-commercial money transfers in Armenia decreased by 38.5% in October month-on-month – WB

Net non-commercial remittances in Armenia decreased by 38.5% in October month-on-month, according to the World Bank’s “Armenia Monthly Economic Update – December 2024”

Euro down 0.52 points to 410.46 drams

The average market exchange rate of the US dollar to the Armenian dram as of December 20, 2024, was 395.05 drams, up 0.14 points compared to December 19.

Two Gyumri residents detained for using counterfeit money, one posed as woman

Gyumri police have detained two local residents who attempted to pay for a taxi ride with counterfeit bills.

EBRD invests in first sustainability-linked bond in Armenia

The European Bank for Reconstruction and Development, as an anchor investor, is participating in Team Telecom Armenia’s US$ 75 million (€71.6 million) sustainability-linked bond with an investment of US$ 13.5 million (€12.9 million).

Papoyan discusses Armenian financial market development with “C-QUADRAT Ampega”

The Minister of Economy of Armenia, Gevorg Papoyan, discussed the development of Armenia's financial market and investment environment with the Vice Chairman of the “C-QUADRAT Ampega” Pension Fund, Andreas Wimmer, and Board Member, Carlos Mendez de Vigo, the press service of the Ministry of Economy of Armenia reported.