Fri, 2 January
-0.9 C
Yerevan
USD: 381.36 RUB: 4.87 EUR: 449.01 GEL: 141.54 GBP: 515.60

Yerevan’s budget revenues for the first 10 months amounted to 70.1 billion drams, with a 97% compliance rate

YEREVAN, November 17. /ARKA/. From January to October 2025, 70.1 billion drams of the planned 72.2 billion drams of Yerevan’s budget revenues were actually collected, according to David Hakobyan, Acting Head of the Revenue Accounting and Collection Department at the Yerevan City Hall.

“The compliance rate was 97%, with the main reason for the failure to meet the plan being the insufficient collection of revenue from transportation fees. Of the planned annual revenues of 17.1 billion drams for construction and design permits, 16.7 billion drams were actually collected, with a compliance rate of over 97.5%,” he noted at a meeting at the City Hall on Monday.

spot_img

POPULAR

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Universal cashback on non-cash payments with ArCa cards is being introduced in Armenia

At a meeting on Thursday, the Armenian government approved measures and procedures for providing cashback on non-cash payments made by individuals through the Armenian Card (ArCa) national payment system.

Euro, dollar, and ruble rise against Armenian dram

The average market exchange rate of  the US dollar against the Armenian dram on December 25, 2025, rose 0.05 points compared to December 24, reaching 381.51 drams.

Euro and dollar exchange rates against the Armenian dram fell, while the ruble appreciated slightly

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of December 26, 2025, fell by 0.04 points compared to December 25, to 381.47 drams.

LATEST NEWS

spot_imgspot_imgspot_img