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Tag: bankruptcy

Bankruptcy formalization procedure changed in Armenia

Economy
Armenia’s National Assembly passed Friday in the second, final reading amendments to the law on bankruptcy

IDBank is adamant to defend its interests in all judicial instances: bank is not threatened by bankruptcy

Banks
The IDBank is adamant to defend its interests in all judicial instances, the chairman of the bank’s Board Mher Abrahamyan told reporters on Monday in comments on a trial that involves businessman Gevorg Afandyan and the alienation of property of B.M.L Arzni LLC that has been considered by Armenian courts for several years already

Armenia to bring bankruptcy procedures in line with requirements of doing business rating

Economy
Armenia's Parliament has approved today in the first reading a set of amendments to the Law on Bankruptcy, which are designed to bring this procedure in line with the requirements of the World Bank's Doing Business rating

Bank VTB (Armenia) files involuntary bankruptcy against parliament member

Banks
Bank VTB (Armenia) filed an involuntary bankruptcy against an Armenian parliament member, the bank’s press service reported Wednesday

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Armenia’s total state debt rose to $12.8 bln by December 2024.

Armenia's overall public debt as of December 31, 2024 amounted to $12,842,240,000, increasing by $274.4 million compared to November 30, 2024, the National Statistical Committee said.

Stepan Gishyan charity starts accepting  applications for grants up to AMD 5 million for 2025

The Stepan Gishyan charity foundation, run by Acba Bank, has announced today the launch of a grant competition, designed for legal entities.

Armenia’s SRC doesn’t see details of citizens’ transactions: committee head – on banking secrecy

“When we talk about access to bank secrecy of a person, we mean the amount of his/her transactions. There is no access to the details of the transactions,” the head of Armenian State Revenue Committee  (SRC) Eduard Hakobyan told  a parliamentary discussion today on the universal income declaration.

Euro jumps 3.4 points to AMD 413.36

The average market exchange rate of the U.S. dollar to the Armenian dram on February 5, 2025, totaled AMD 396.58, down 0.13 points compared to February 4.

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