Euro exchange rate up 0.78 points to AMD 415.73

Insurance market of Armenia is in embryonic state

Armenia's investment climate is undergoing significant changes, and the financial market is becoming more active. Armen Hovhannisyan, Director of investment banking at Dimension Investments, speaks  in an exclusive interview with ARKA news agency about the barriers to development, tools for accelerating growth, as well as the prospects of venture capital.

TCF has issued AMD 400 million coupon bonds at the rate of 12.75% to ensure further growth and strengthen development, TCF co-founder and director Narek Vardanyan told ARKA news agency in an exclusive interview.

ARKA News Agency announces the launch of the updated banking portal Armbanks.am, which has become more up-to-date and functional.

The Central Bank of Armenia warns motorists against a new type of fraud, saying in a statement that after looking into a set of reports and notifications of citizens, it has been found that recently there has been an increase in cases when unknown persons present themselves as employees of insurance companies and offer to conclude compulsory motor third-party liability insurance  (CMTPL) contracts remotely.