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Tag: Armenia

Central Bank of Armenia warns about scammers contacting citizens in its name

The Central Bank of Armenia has alerted the public about fraudulent communications, including calls and messages, that are being sent under its name.

Twelve-month inflation of 3.1% recorded in Armenia in November

In November, the inflation rate over the past 12 months in the Armenian consumer market reached 3.1%, as reported by the Statistical Committee (Armstat).

Armenia to Receive €120.5 Million from IBRD for Tourism and Regional Infrastructure Development

At a meeting on Thursday, the Armenian government approved the ratification of a loan agreement with the International Bank for Reconstruction and Development (IBRD) for the €120.5 million tourism and regional infrastructure program in Armenia.

Armenia to introduce cashback system for non-cash purchases

The Armenian government  plans to introduce a cashback system for non-cash purchases starting January 1, 2026.

Non-commercial remittances to Armenia increased by 16.2% in September – World Bank

In September, net non-commercial money transfers to Armenia continued double-digit growth (16.2 percent, yoy), according to the World Bank’s Armenia Monthly Economic Update – October 2025.

Fraud Risk: Central Bank of Armenia Warns of Unlicensed Companies

A study conducted by the Central Bank of Armenia revealed that companies operating under the brands "DaoBit," "Orbis" (Orbis Exchange), and "GKGD" are making public offersd for attraction of money  promising high returns.

Armenian Ministry of Finance is preparing a concept for changes to tax policy

The Armenian Ministry of Finance is in the process of formulating a concept aimed at revising tax policy.

Armenian government approves $16.5 million grant under  ADB loan program to address housing needs of Karabakh refugees

During a meeting held on Thursday, the Armenian government endorsed a draft presidential decree concerning the grant aspect of the $250 million loan agreement established between Armenia and the Asian Development Bank (ADB) under the Transformative Housing Reforms for Improved Vitality and Empowerment (THRIVE) Program, which was signed on October 30 of this year.

Risk premium on Armenian Eurobonds issued in 2025 falls to 227 basis points following signing of Washington Declaration

According to  Finance Minister Vahe Hovhannisyan, the risk premium on Eurobonds issued by Armenia in 2025 has decreased after the signing of the Washington Declaration.

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.

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.

Pension payments in Armenia will be entirely cashless

Armenian Prime Minister Nikol Pashinyan has mandated that pension payments be conducted solely through cashless methods.