VTB (Armenia) becomes official partner of Music for the Future Foundation

YEREVAN, June 19. /ARKA/. VTB (Armenia) has become a partner of the Music for the Future Foundation. The bank will support the foundation’s key programs, including the development of cultural and educational projects, the organization of concerts, and the allocation of scholarships for young musicians. The partnership aims to promote musical art and support talent in Armenia.

“Cooperation with the Music for the Future Foundation is a combination of business and culture to support young talents who will be able to preserve musical traditions and represent Armenia on the international stage,” commented Ara Avagyan, CEO and Chairman of the Board of VTB (Armenia).

“For the foundation, this is not just financial support, it is an investment in talent. We create opportunities for young musicians to learn from the best masters, grow professionally, and move forward with confidence. We are grateful to the bank for its support in achieving our main mission—to shape the musical future of the country by revealing and developing the potential of the new generation,” said Anna Ter-Ovakimyan, director of the Music for the Future Foundation.

The Music for the Future Foundation was established in 2019 on the initiative of Sergey Smbatyan, artistic director and chief conductor of the Armenian State Symphony Orchestra. The main mission of the organization is to support young Armenian musicians, develop their potential, and promote musical culture both in Armenia and abroad.

The activities of VTB Bank (Armenia) are regulated by the Central Bank of the Republic of Armenia.-0-

spot_img

POPULAR

Ranking of the Most Profitable Armenian Banks for the First Quarter of 2026

ARKA News Agency has published a ranking of the most profitable Armenian banks for the first half of 2026.

Acba Bank to Support Armenian Exports

To support the development of local producers, promote Armenian exports to various countries worldwide, and enhance the competitiveness of Armenian businesses, Acba Bank is offering the best export factoring terms currently available in Armenia until September 30.

T-Bank customers in Armenia can now pay for purchases using QR codes

T-Bank customers in Armenia can now pay for purchases using QR codes through the mobile app, the bank's press service announced.

Yerevan’s budget revenues for January-June exceeded the target by 10.3%

As of June 30, 2026, Yerevan's budget revenues amounted to 49.2 billion drams, compared to the planned 44.6 billion drams for January-June, according to David Hakobyan, Acting Head of the Revenue Accounting and Collection Department at the Yerevan City Hall.

Euro continued to rise against the Armenian dram, while the dollar and ruble weakened: Central Bank

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of July 16, 2026, fell by 0.6 points compared to July 15, reaching 366.57 drams.

LATEST NEWS

spot_imgspot_imgspot_img