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Yearly Archives: 2025

VTB (Armenia) partnered with Maestro Valery Gergiev’s concert in Yerevan

With the backing of VTB (Armenia), a concert featuring Maestro Valery Gergiev and the Mariinsky Theater Symphony Orchestra took place at the Aram Khachaturian Concert Hall.

Some 97 billion drams will be allocated in Armenia to refund income taxes on mortgage repayments for 62,000 citizens

A total of 97 billion drams will be allocated in Armenia to reimburse income taxes on mortgage repayments for 62,000 citizens, as stated by Eduard Hakobyan, Chairman of the State Revenue Committee.

Cashback for pensioners on cashless purchases in Armenia will increase to 20%, according to the minister

Effective January 1, 2026, the cashback rate for pensioners and benefit recipients on cashless transactions for purchases and housing and utility services will rise to 20%, up from the current 12%, as announced by Minister of Labor and Social Affairs Arsen Torosyan.

Сrculation of cash in crypto assets presents  significant risk to  fiscal system, according to Armenia’s Deputy Prime Minister

The circulation of cash in crypto assets is likely to pose a serious threat to the overall fiscal system, stated Armenian Deputy Prime Minister Mher Grigoryan.

Net remittance inflow to Armenia from overseas rose by 12.5% over 8 months

According to a report from Armenia's  Central Bank, the net inflow of private money transfers to Armenia from abroad via the banking system during January to August 2025 reached $889.3 million, an increase from $790.7 million during the same period in 2024.

Acba Bank supports establishments of more than 1,240 hectares of intensive gardens

In Armenia, over 225,000 individuals are involved in agriculture; however, the impacts of climate change are presenting significant challenges, including water shortages, droughts, and hailstorms.

Central Bank of Armenia issues gold collector  coin for 150th anniversary of Avetik Isahakyan’s birth

On October 1, 2025, the Central Bank of Armenia issued a gold collector coin "The 150th Anniversary of Avetik Isahakyan's Birth," the regulator's press service reported.

Deposits and loans at Armenian commercial banks grew by 0.3% and 1.2% in July, driven by dram funds – WB

In July, commercial bank deposits and credit grew 0.3 percent (mom) and 1.2 percent (mom), respectively, respectively, according to the World Bank's "Armenia Monthly Economic Update – September 2025."

Central Bank of Armenia purchased $750 million in  forex market from February to June to smooth exchange rate fluctuations, according to a World Bank...

From February to June, the Central Bank of Armenia intervened in the foreign exchange market and purchased approximately $750 million to smooth exchange rate fluctuations.

WB: Central Bank of Armenia expects refinancing rate to be cut to 6.25% this year

The board of the Central Bank of Armenia kept the policy rate unchanged at 6.75 percent and announced that it expected to gradually lower the refinancing rate to approximately 6.25 percent over the next 12 months.

World Bank Identifies Segments with High Inflation in Armenia in August

Annual inflation rose to 3.6 percent in August, up from 3.4 percent in July, according to the World Bank's "Armenia Monthly Economic Update – September 2025."

Non-commercial remittances to Armenia grew 42.3% in July – WB

In July, net non-commercial money transfers continued strong growth, at 42.3 percent (yoy), according to the World Bank's "Armenia Monthly Economic Update – September 2025."