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Tag: Development

Pashinyan: development of banks will contribute to progress of economy

Banks admin -
YEREVAN, January 13, /ARKA/. Armenian Prime Minister Nikol Pashinyan had a working dinner with heads of banks on January 13.

Armenian Central Bank submits proposal for development of digital society and economy

Banks admin -
The Chairman of the Central Bank, Martin Galstyan, and the Deputy Chairman, Nerses Yeritsyan, submitted a proposal for the development of a digital society and economy for discussion at a meeting today dedicated to Armenia's digital transformation agenda, which was chaired by Prime Minister Nikol Pashinyan, the government press office said

Acba bank has held more than 100 free business training courses for development of SME

Banks admin -
Acba bank was the first bank in Armenia to start a series of free business training courses in 2013, designed specifically for the development of SME and to this day it has held 105 such courses, which involved managers of 820 small and medium-sized enterprises and 1,480 decision makers, the bank's press service reported

Armenia, IFC officials discussed capital market development in Armenia

Capital market admin -
Armenian acting Deputy Prime Minister Mher Grigoryan had a meeting via video link with the Regional Vice President of the International Finance Corporation (IFC) Georgina Baker on Tuesday, the press service of the Deputy Prime Minister's office reported

ACBA Leasing offers individuals and economic entities financial services for effective development of their businesses (VIDEO)

Banks admin -
ACBA Leasing offers individuals and economic entities flexible financial services that make it possible to effectively develop their businesses using a number of tools

Armenian vice premier discusses with ADB representatives cooperation development

Banks admin -
Armenian Vice Premier Mher Grigoryan discussed Wednesday with representatives of the Asian Development Bank the key goals of Armenia's development strategy and cooperation with the bank, the press office of the Armenian government reports

ADB to disburse first $50 million tranche to finance sustainable urban development project

Banks admin -
Areg Barseghian, head of the Asian Development Bank (ADB) office in Armenia, said today the Manila-based bank will disburse the first trance to the tune of $50 million to finance ‘Armenia: Sustainable Urban Development’ investment program.

Black Sea Trade and Development Bank plans to provide credits to five Armenian banks in the amount of 4-8 million Euro

Banks admin -
Black Sea Bank of Trade and Development discusses the opportunity of crediting five Armenian banks in the amount of 4-8 million EURO.

Portfolio of Black Sea Trade and Development Bank can be 101 million Euro in 2014

Banks admin -
During the next four years the portfolio of Black Sea Bank of Trade and Development in Armenia can be doubled, President of the Bank Andrey Kondakov informed.

Expert: currency trading has room for development in Armenia

Capital market admin -
Armenia’s currency trading market has room for development, FOREX CLUB Group analyst Mikael Verdyan said.

Armenia’s Central Bank determined to further stimulate development of electronic financial services: CB chairman

Banks admin -
Armenia’s Central Bank determined to further stimulate development of electronic financial services: CB chairman

HSBC opens up the doors for talent development in Armenia

Banks admin -
HSBC opens up the doors for talent development in Armenia

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US dollar rate down 0.35 points to 397.92 drams

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The average market exchange rate of the US dollar to the Armenian dram as of January 30, 2024, was 397.92 drams, down 0.35 points compared to January 29.

Loans and deposits of Armenian banks grew in November due to AMD-denominated  funds – WB

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Commercial bank deposits in Armenia grew 2.3 percent (mom) in November, and loans increased 2.6 percent (mom), driven by AMD-denominated funds, the World Bank says in its latest Armenia Monthly Economic Update – January 2025 review.

Armenia’s 1.5% inflation in December is the highest since April – WB

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Armenia's inflation picked up to 1.5 percent (yoy) in December, the highest rate since April 2023, according to World Bank's Armenia Monthly Economic Update – January 2025 review.

Armenia’s refinancing rate back to August 2022 level – WB

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The refinancing rate in Armenia has returned to the level of August 2022, according to the World Bank's review Armenia Monthly Economic Update - January 2025.

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