Armenia is discussing the possibility of providing loans to taxi drivers with transparent incomes

YEREVAN, February 19. /ARKA/. Minister of Economy Gevorg Papoyan announced that he has initiated discussions on providing loans to taxi drivers with transparent incomes.

“Together with the Central Bank, the Union of Banks, and Yandex, I have initiated a discussion on providing loans to taxi drivers who pay taxes and operate transparently. Other taxi aggregators are welcome to join the discussion,” the minister wrote on Facebook.

According to him, this option is available to legal taxi drivers.

“If there are taxi drivers who do not have classified loans, pay taxes on their activities, and have been unable to obtain a loan based on their transparent income, please contact your service provider, such as Yandex. The company will then provide us with the data so that we can discuss each case individually with the banks,” Papoyan noted.

Yesterday, a group of taxi drivers held a protest in Yerevan demanding a review of online service fees, formalization of employment relationships, and tax reductions.

spot_img

POPULAR

Armenia may gain access to $25 million from the IMF in December under a Stand-By Agreement (SBA) and up to $262 million under a...

An IMF team has reached a staff-level agreement with the Armenian authorities on the completion of the second review under a three-year Stand-By Agreement (SBA), as well as on a new, parallel program: the Resilience and Sustainability Facility (RSF).

Euro exchange rate against the Armenian dram continues to decline; dollar rises – Central Bank of Armenia data

The average market exchange rate of the US dollar against the Armenian dram, as established in Armenia’s foreign exchange market, rose by 0.03 drams on November 12, 2026, compared to November 11, reaching 360.51 drams.

IDBank at the UBA Regional Conference: From Travel Solutions to Business Opportunities

IDBank participated in the latest regional conference of the Union of Banks of Armenia, held this time in Gyumri.

Euro and US dollar exchange rates rise against the Armenian dram; ruble falls – Central Bank of Armenia data

The average market exchange rate of the US dollar against the Armenian dram, as recorded in Armenia’s foreign exchange market on November 9, 2026, increased by 0.09 points compared to November 6, reaching 360.34 drams.

25 years ago, three friends founded company PROFAL

25 years ago, three friends decided to establish the company PROFAL, which today stands as a leader in the production of aluminum doors, windows, and glass structures.

LATEST NEWS

spot_imgspot_imgspot_img