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Economy

Armbanks.am, financial and banking portal, wins Armenia Digital Awards 2025

ARKA news agency's financial and banking portal, Armbanks.am, won the prestigious Armenia Digital Awards 2025 in the Best Website Redesign category.

Foreign investors notably increase their involvement in Armenia’s domestic government debt market

In 2025, the participation of foreign investors in Armenia's domestic government debt market saw a substantial rise compared to 2018, hitting 177 billion drams, as reported by Finance Minister Vahe Hovhannisyan.

Armenia’s 2026 state budget expenditures will amount to 3.6 trillion drams, revenues to 3.09 trillion drams, and a deficit of 537 billion drams –...

Armenia's 2026 state budget expenditures will amount to 3.63 trillion drams, revenues to 3.09 trillion drams, and a deficit to 537 billion drams, or 4.5% of GDP, said Finance Minister Vahe Hovhannisyan during a discussion of the 2026 draft state budget in parliament on Wednesday.

Armenians move past the practice of keeping money “under the pillow,” yet investing continues to be perceived as a “dark forest,” according to  expert

The financial literacy regarding banking services among the Armenian populace has seen a notable increase in recent years, stated Georgi Melkonyan, the head of Freedom Academy Armenia.

Armenia’s total public debt as of September 2025 nearly reached $14.2 billion

Armenia's total public debt as of September 30, 2025, amounted to $14,195.887 million, an increase of $65.545 million compared to August 31, 2025.

Net remittance inflow to Armenia from abroad increased by 15.5% in 9 months

According to a report from the Central Bank, the net inflow of cross-border non-commercial money transfers received via Armenian banks reached $1.02 billion from January to September 2025, up from $888 million during the same period in 2024.

Macroeconomic stability has emerged as Armenia’s hallmark, according to Central Bank Governor

Macroeconomic stability has emerged as Armenia's hallmark, characterized by robust economic growth and minimal inflation, as stated by Central Bank Governor Martin Galstyan.

Inflation of 3.7% recorded in Armenia in October

In Armenia's consumer market, 12-month inflation in October of this year amounted to 3.7%, according to a report from the Statistical Committee of Armenia (Armstat).

My deputy’s signature was forged: Central Bank Governor of Armenia comments on reports of financial fraud

The Central Bank of Armenia is constantly taking measures to combat financial fraud, said Martin Galstyan, head of the regulator.

Armenia’s inflation increase is attributed to demand, according to Chairman of  Central Bank

The slight rise in inflation to 3.7% is mainly influenced by demand factors, as stated by Martin Galstyan, the head of the Central Bank of Armenia.

Room for Maneuver: Freedom Academy Head Predicts Central Bank of Armenia Refinancing Rate Will Be Maintained (EXCLUSIVE)

At the next meeting of the Central Bank of Armenia, the refinancing rate will be maintained at 6.75%, according to Georgi Melkonyan, head of Freedom Academy.

Armenia’s Deputy Prime Minister discussed potential areas of cooperation with new head of EIB’s regional office in South Caucasus, Stella Renita

Deputy Prime Minister Mher Grigoryan discussed details of current programs and potential new areas of cooperation with the new head of the European Investment Bank (EIB) regional office in the South Caucasus, Stella Renita.

Armenia to receive $250 million from ADB to address housing issues of Karabakh refugees

At a meeting on Thursday, the Armenian government approved the signing of a loan and grant agreement with the Asian Development Bank (ADB) for the Transformative Housing Reforms for Improved Vitality and Empowerment (THRIVE) Program. 

Universal cashback for cashless payments in Armenia is planned to launch on January 1, 2026

The universal cashback system developed in Armenia for cashless payments is planned to launch on January 1, 2026, Finance Minister Vahe Hovhannisyan announced during a parliamentary discussion of the 2026 draft state budget.

Armenia’s public debt-to-GDP ratio will stabilize in the 50-60% range: Finance Minister

Given the projected exchange rate of the Armenian dram, the public debt-to-GDP ratio will stabilize in the 50-60% range in the medium term, stated Armenian Finance Minister Vahe Hovhannisyan.

A universal cashback system for cashless payments is planned to be introduced in Armenia – Prime Minister

The Armenian authorities are considering introducing a universal cashback system for citizens on cashless payments, announced Prime Minister Nikol Pashinyan.

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