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Tag: 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.

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.

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.

Martin Galstyan: Market anticipates a reduction in rates, but the Central Bank  dismisses these expectations

The market expects a decline in the refinancing rate to between 6.25% and 6.5% in the medium term, nevertheless, Martin Galstyan, the Governor of the Central Bank of Armenia, indicated that the regulator does not concur with these predictions.

Licensing of crypto market players will begin in January 2026, says head of Armenia’s Central Bank

The process for licensing companies engaged in crypto asset transactions is set to commence in January 2026 and will continue for a duration of one year, as stated by Martin Galstyan, the head of Armenia's Central Bank.

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.

Head of Central Bank of Armenia explains why refinancing rate remains unchanged

Martin Galstyan, the head of the Central Bank of Armenia, provided an explanation for the decision to keep the refinancing rate steady after the regulator held it at 6.75% for the sixth consecutive time.

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. 

Armenia’s debt-to-GDP ratio will increase by 2.8 percentage points in 2026 to 53.5%, according to Central Bank Governor

The Armenian government's debt-to-GDP ratio will increase by 2.8 percentage points in 2026 to 53.5%, below the trajectory projected in the 2026-2028 medium-term expenditure framework but above the 50% threshold established by the fiscal rule, Central Bank Chairman Martin Galstyan announced during a discussion of the draft 2026 state budget.

Armenian commercial banks contributed 131.2 billion drams in taxes to  state budget during the first nine months

All 17 commercial banks operating in Armenia from January to September 2025 were listed among the 1,000 largest taxpayers for the period, having contributed 131.2 billion drams to the state budget. This information is based on data released by the State Revenue Committee of Armenia.

Central Bank of Armenia is introducing Armenian Standard Derivatives Agreement (ASDA)

The Central Bank of Armenia, with technical support from the European Bank for Reconstruction and Development (EBRD) and financial support from the Government of Japan, is implementing the Armenian Standard Derivatives Agreement (ASDA), which is governed by Armenian law and complies with international standards.