Sat, 14 February
7.1 C
Yerevan
USD: 376.94 RUB: 4.88 EUR: 446.90 GEL: 140.43 GBP: 513.28

Economy

Armenia proposes clarifying the procedure for compensating social expenses

Armenia plans to bring the procedure for compensating social expenses for citizens who declare their income into line with amendments to the Tax Code, announced Finance Minister Vahe Hovhannisyan.

Armenian pensioners urged to choose a bank for cashless payments by March 5

The Armenian Ministry of Labor and Social Affairs has urged pensioners and benefit recipients who continue to receive payments in cash to choose a bank by March 5, 2026, to switch to cashless payments.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (February 2–8)

Last week, Armenia's financial market was shaped by monetary policy decisions, changes to payment infrastructure regulations, and regulatory signals regarding the cryptocurrency sector.

In January, pensioners and benefit recipients in Armenia received 33.3 billion drams in cashback

In January 2026, pensioners and benefit recipients in Armenia received 33.3 billion drams in cashback for non-cash payments, announced Minister of Labor and Social Affairs Arsen Torosyan.

Inflation of 3.8% Recorded in Armenia in January

Twelve-month inflation (January 2026 compared to January 2025) in Armenia's consumer market stood at 3.8%, according to a report from the Statistical Committee of Armenia.

Armenia and EIB prioritize cooperation in economic development and private sector

Armenian Deputy Prime Minister Mher Grigoryan and the Head of the European Investment Bank (EIB) Unit, Matteo Rivillini, emphasized the importance of cooperation in economic development projects, particularly in the implementation of joint programs with the private sector in the country, the government press service reported.

Armenia’s Financial System in January 2026: Balancing Monetary Policy, Credit Growth, and Debt Sustainability

In January, Armenia's financial system evolved within the macroeconomic and monetary-credit frameworks previously established. The monetary policy adhered to the parameters set for late 2025, the banking sector continued to enhance credit intermediation, and debt policy remained a priority for financial authorities and investors.

Armenia’s gross reserves rose to $5.1 billion in December, providing 4.1 months of import coverage – WB

In December 2025, the AMD/USD exchange rate appreciated slightly on average, compared to the previous month.

World Bank names factors behind average annual inflation in Armenia in 2025

In December 2025, Armenia's inflation increased to 3.3 percent (yoy) from 3.1 percent (yoy) in November, according to World Bank's Armenia Monthly Economic Update – January 2026.

WB: In November 2025, net non-commercial money transfers to armenia grew by 28.8 percent yoy

In November 2025, net non-commercial money transfers grew by 28.8 percent (yoy), , according to World Bank's 'Armenia Monthly Economic Update – January 2026.'

Suspension of acceptance of payments for Viva Armenia CJSC services through EasyPay platforms

EasyPay LLC informs that, as a result of Viva Armenia CJSC unilaterally terminating the cooperation, starting from February 1, 2026, payments for Viva Armenia CJSC services will no longer be accepted through EasyPay payment instruments.

EFSD’s current portfolio in Armenia amounts to $538 million

The Eurasian Fund for Stabilization and Development (EFSD)'s current program portfolio in Armenia amounts to $538 million.

Armenia’s Finance Minister isn’t concerned about growing public debt

Armenian Finance Minister Vahe Hovhannisyan isn't concerned about the country's growing public debt.

Armenia’s public debt will be close to 48.7% of GDP by the end of 2025 – Hovhannisyan

Armenia's public debt-to-GDP ratio will be close to 48.7% by the end of 2025, stated Finance Minister Vahe Hovhannisyan.

Armenia’s total public debt at the end of 2025 stood at $14.5 billion, up 13.1%

As of December 31, 2025, Armenia's total public debt was recorded at $14,531.3 million, an increase from $12,842.2 million on December 31, 2024, according to data from the Ministry of Finance. This marks a 13.1% rise over the year.

The FINTECH360 conference will be held in Yerevan from April 27 to 29

The FINTECH360 international conference will take place in Yerevan from April 27 to 29, 2026.

LATEST NEWS

spot_img
spot_img
spot_img