Within the framework of the second international conference "Global Gateway" in Brussels, Armenian Prime Minister Nikol Pashinyan met with the President of the European Bank for Reconstruction and Development (EBRD) Odile Renaud-Basso.
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.
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.
Within the framework of the second international conference "Global Gateway" in Brussels, Armenian Prime Minister Nikol Pashinyan met with the President of the European Bank for Reconstruction and Development (EBRD) Odile Renaud-Basso.
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.
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.
In December, commercial bank deposits and credits in Armenia grew 4.6 and 3.9 percent (mom), respectively, both driven by AMD-denominated funds, according to 'Armenia Monthly Economic Update – February 2024'.
At the end of the first quarter of 2021 the total bank deposits in Armenia were 4.9% or 173 billion drams up from the same time span of 2020 standing at 3.7 trillion drams, Executive Director of the Union of Banks of Armenia (UBA) Seyran Sargsyan said at a press conference on May 19
Armenian Minister of Finance Atom Janjughazyan commented today on the possibility of injecting individual bank deposits into the financial system in 2021, when asked by MP Sergey Bagratyan what was being done to turn the country's domestic resources into long-term investments
A revised Armenian law that has increased the amount of insured banking deposits both in the national and foreign currencies has entered into force on December 1, 2020, the Union of Banks of Armenia reported
Armenia's National Assembly approved September 15 in the second and final reading a set of amendments to the law insuring individual bank deposits, proposed by the opposition Prosperous Armenia party
Armenian banks' total deposits stand now at about 3 trillion drams, a Prosperous Armenia party lawmaker Mikael Melkumyan said today when presenting a set of draft amendments to the law on Individual Bank Deposit Insurance
According to a study by ARKA news agency, the highest interest rate on individual time deposits in Armenian drams is 10% per annum, offered by Armbusinessbank. The maturity period of the deposit is 271-365 days
At the end of April 2019, total deposits in Armenia-based commercial banks stood at 3,040,9 trillion drams, an increase of 61.5 billion drams or 2.1% from the previous month, according to the Central Bank
At the end of March, 2019 the total amount of deposits in Armenia-based commercial banks stood at 2.979.3 trillion drams, having decreased by 25.1 billion drams or 0.84% from the previous month
Aggregate deposits in banks in Armenia exceeded AMD 3 trillion ($6.17 million) in February 219 heating the record high, the Central Bank of Armenia reports
Resident deposits in Armenia-based commercial banks stood at 2.221.5 trillion drams in late January 2019, having decreased by 25.9 billion drams from late December 2018, the Central Bank said
