The international rating agency Moody's has assigned Armenian Acba Bank a long-term national and foreign currency deposit rating, along with an issuer rating of Ba3, which comes with a stable outlook, as reported by the bank's press service.
Istak Distillery is crafting the Armenian calvados "Сharline" from apples that have matured under the Armenian sun, utilizing French technology, as reported by the press service of Aсba Bank.
During a meeting held on Thursday, the Armenian government decided to extend the final access period for loans from the European Investment Bank (EIB).
With the backing of VTB (Armenia), a concert featuring Maestro Valery Gergiev and the Mariinsky Theater Symphony Orchestra took place at the Aram Khachaturian Concert Hall.
A total of 97 billion drams will be allocated in Armenia to reimburse income taxes on mortgage repayments for 62,000 citizens, as stated by Eduard Hakobyan, Chairman of the State Revenue Committee.
The combined loan portfolio of 17 Armenia-based commercial banks upped by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by the ARKA news agency.
Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.
In the first half of 2025, foreign investment inflow into the real sector of the Armenian economy reached 47,955.2 million drams, which is a decrease of 59,317.5 million drams compared to the same period in 2024.
In its weekly macroeconomic review, the Eurasian Development Bank (EDB) has maintained its forecast for consumer price growth in Armenia, indicating that it will remain within the target range set by the Central Bank for this year.
In the Armenian consumer market, 12-month inflation in September of this year amounted to 3.7%, according to a report from the National Statistical Committee (NSC) of Armenia.
Effective January 1, 2026, the cashback rate for pensioners and benefit recipients on cashless transactions for purchases and housing and utility services will rise to 20%, up from the current 12%, as announced by Minister of Labor and Social Affairs Arsen Torosyan.
ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.
Armenia's investment market is experiencing a period of active development: the number of issues is growing, digital technologies simplify access to financial instruments.
The international rating agency Moody's has assigned Armenian Acba Bank a long-term national and foreign currency deposit rating, along with an issuer rating of Ba3, which comes with a stable outlook, as reported by the bank's press service.
Istak Distillery is crafting the Armenian calvados "Сharline" from apples that have matured under the Armenian sun, utilizing French technology, as reported by the press service of Aсba Bank.
During a meeting held on Thursday, the Armenian government decided to extend the final access period for loans from the European Investment Bank (EIB).
With the backing of VTB (Armenia), a concert featuring Maestro Valery Gergiev and the Mariinsky Theater Symphony Orchestra took place at the Aram Khachaturian Concert Hall.
A total of 97 billion drams will be allocated in Armenia to reimburse income taxes on mortgage repayments for 62,000 citizens, as stated by Eduard Hakobyan, Chairman of the State Revenue Committee.
The combined loan portfolio of 17 Armenia-based commercial banks upped by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by the ARKA news agency.
Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.
In the first half of 2025, foreign investment inflow into the real sector of the Armenian economy reached 47,955.2 million drams, which is a decrease of 59,317.5 million drams compared to the same period in 2024.
In its weekly macroeconomic review, the Eurasian Development Bank (EDB) has maintained its forecast for consumer price growth in Armenia, indicating that it will remain within the target range set by the Central Bank for this year.
In the Armenian consumer market, 12-month inflation in September of this year amounted to 3.7%, according to a report from the National Statistical Committee (NSC) of Armenia.
Effective January 1, 2026, the cashback rate for pensioners and benefit recipients on cashless transactions for purchases and housing and utility services will rise to 20%, up from the current 12%, as announced by Minister of Labor and Social Affairs Arsen Torosyan.
ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.
Armenia's investment market is experiencing a period of active development: the number of issues is growing, digital technologies simplify access to financial instruments.
Russia said on Monday it would initiate a process to scrap an agreement with Cyprus aimed at avoiding double taxation, the Russian Finance Ministry said on Monday, TASS reported
Cyprus has earmarked 340 million euros ($467.5 million) to help combat joblessness, which is expected to peak next year at over 19 percent in the bailed-out country, The Washington Post reported referring to AP
Write-offs to the uninsured portion of deposits in the Bank of Cyprus will be 47.5% - the funds will be converted into shares of the bank, said on Monday the deputy spokesman of the Government of Cyprus Victor Papadopoulos at a briefing in Nicosia, CypLive reported
Rating Agency Standard and Poor`s raised on Wednesday Cyprus` long-term foreign and local currency sovereign credit ratings to `CCC+` from `SD` (selective default) with a stable outlook, following the successful exchange of €1 billion government bond`s with longer maturities, RBC reported citing Reuters
Cyprus's first aid payment has been officially approved by the European Stability Mechanism, the unit responsible for providing funding for euro-area bailouts
Cypriot banks lost 1.8 billion euros ($2.4 billion) in deposits in March, when the country agreed to tax bank deposits as part of a European Union-led bailout
Cyprus Finance Ministry issued a decree that allows you to bring in the country are foreign financial institutions from the application of measures restricting banking, ypLive. Com reports
Cyprus's finance minister said on Wednesday he anticipated the island nation to sell part of its gold reserves "during the next months", but the final decision rested with the central bank, Reuters reported today
Ratings agency Standard & Poor’s has raised the long-term and short-term sovereign credit rating of Cyprus, previously affirmed at ‘CCC’ and ‘C’ respectively
Average annual interest rates on mortgage rose by 0.2 percentage points up to 12.2% in Armenia in February as compared to the month before, says the website of the central bank
