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Tag: Armenia

Armenia extends program to support bad debtors, allocating $730,000 for this purpose

During a meeting on Thursday, the Armenian government decided to extend the program aimed at boosting the economic activity of those with bad loans.

Acba Bank to allocate $40 million to finance young entrepreneurs

Acba Bank, in partnership with the European Bank for Reconstruction and Development (EBRD), is launching the first targeted financing program designed for businesses founded by young people in Armenia, the bank's press service reported.

Hellobit financial pyramid scheme blocked in Armenia – Ministry of Internal Affairs

The financial pyramid scheme known as Hellobit has been shut down in Armenia, according to the Cyber Police of the Ministry of Internal Affairs.

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.