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Tag: Armenia

Armenian Interior Ministry warns about fraudsters on social networks

The Armenian Interior Ministry has warned citizens about  widespread fake adds on social networks, allegedly posted by  banks, inviting them to apply for quick and cheap loans.

Armenia ratifies loan agreement with IBRD on €102 million healthcare coverage program

Armenia’s National Assembly’s committee on health issues has approved the ratification of a 102 million euro loan agreement with the International Bank for Reconstruction and Development (IBRD) on the universal healthcare coverage program.

ADB plans to invest $310 mln in two projects in Armenia and co-finance housing construction project for $500 mln

The Asian Development Bank (ADB) plans to invest $310 million in two projects in Armenia and to co-finance a $500 million housing construction project, Don Lambert,  ADB Country Director for Armenia, said in response to ARKA News Agency's question whether the previously announced two projects would be implemented and whether new ones were expected.

ADB lowers Armenia’s economic growth forecast for 2025 to 5%, 4.7% expected in 2026

The Asian Development Bank has lowered Armenia's economic growth forecast for 2025 to 5%, said Don Lambert, ADB Country Director for Armenia.

New feature: instant money transfers from Russian ВТБОнлайн app to easywallet now available 

EasyPay presents a new way to receive money transfers from Russia in Armenia—from the ВТБ Онлайн app directly to an easywallet account via phone number. 

Deputy Prime Minister discussed country’s macroeconomic policy and financial reforms with IMF head for Armenia

Armenian Deputy Prime Minister Tigran Khachatryan received on Tuesday the IMF mission chief for Armenia Iva Petrova, who is completing her term of office. Alexander Timan, Petrova's successor, also attended the meeting.

Armenia’s Total Public Debt grows to over $13 Billion

Armenia's total public debt as of February 28, 2025 amounted to $13,027.848 million, an increase of $140.853 million compared to January 31, 2025, the National Statistical Committee reported.

Ministry of Economy and  IMF delegation discussed Armenia’s economic diversification, export strategy

Yesterday, Armenian Economy Minister Gevorg Papoyan received a delegation led by Iva Petrova, head of the International Monetary Fund (IMF) mission in Armenia.

Draft law on crypto assets to be submitted to Armenian parliament in coming weeks – Deputy Chairman of Central Bank

The draft law on crypto assets, developed by the Central Bank of Armenia in the context of European norms, will be submitted to the Armenian parliament in the coming weeks, said Deputy Chairman of the Central Bank Armen Nurbekyan.

Armenia discusses bankruptcy reforms with ADB and AFD

Reforms of Armenian legislation in the field of bankruptcy were discussed at a meeting between Deputy Minister of Justice of Armenia Tigran Dadunts and representatives of the Asian Development Bank (ADB) and the French Development Agency (AFD).

Cumulative volume of German-Armenian Fund’s loans in Armenia makes AMD 980 bln – Central Bank Governor

The German-Armenian Fund (GAF) has provided AMD 980 billion in loans since the launch of its operation in Armenia, Chairman of the Central Bank Martin Galstyan said at the conference “Opportunities and Prospects of SME Financing”.

Volume of Armenian banks’ loans to SMEs in 2024 amounted to 1.6 trillion drams – UBA head

Loans issued by Armenian banks to small and medium-sized enterprises (SMEs) in 2024 amounted to 1.6 trillion drams, said Daniel Azatyan, Chairman of the Union of Banks of Armenia (UBA).