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Tag: PENSION

Armenia shifts to cashless method of pension payment

Banks admin -
Armenia's Deputy Minister of Labor and Social Affairs Tatevik Stepanyan said at a government meeting today that starting from July 1, 2021, all pensioners in the capital Yerevan and in the second and third largest towns of Gyumri and Vanadzor will start receiving their pensions on their bank cards

VTB Bank (Armenia) starts providing pension statements via ATMs

Banks admin -
VTB Bank (Armenia) has launched a new service – it will provide pension statements via all its ATMs, the press office of the bank reported on Thursday

Bank Anelik raises staff salaries to compensate mandatory payments to pension fund

Banks admin -
Armenian Bank Anelik said it will revise the salaries of its staff upward ‘in order to compensate’ their mandatory payments to pension funds

Funded pension system in Armenia has no alternative- PM

Economy admin -
Funded pension system in Armenia has no alternative, Armenia’s Prime Minister Tigran Sargsyan said Wednesday

CBA Became The Member Of International Organization Of Pension Supervision

Banks admin -
Central Bank of Armenia (CBA) became the member of International Organization of Pension Supervision (IOPS)

Private accumulative pension funds will start operating from January 1, 2011 in Armenia

Economy admin -
Private accumulative pension funds will start to operate from January 1, 2011 in Armenia, said Tigran Sargsyan, Armenian Prime Minister during the board meeting of fund of trustees of national competitiveness.

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Central Bank of Armenia warns about fraudulent surveys and urges not to share banking data

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The Central Bank of Armenia does not conduct any surveys regarding citizens' banking data, the regulator said today.

Euro up 3.8 drams, US dollar down 0.1 points

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The average market exchange rate of the US dollar to the Armenian dram as of January 22, 2024, was 398.74 drams, down 0.1 points compared to January 21.

Armenia to get $40 million loan from  IBRD for substation reconstruction

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The National Assembly of Armenia has ratified today a $40 million loan agreement between the government and the International Bank for Reconstruction and Development (IBRD, a World Bank division).

US dollar, euro and ruble rise in Armenia for the second day in a row

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The average market exchange rate of the US dollar to the Armenian dram as of January 21, 2024, amounted to 398.84 drams, increasing by 0.2 points compared to January 20.

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