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Together for 29 years: ARKA News Agency celebrates its birthday
... quality, and reliability. This achievement is a testament to our incredible team—individuals who are passionate about quality journalism and the importance of facts. Being one of the oldest and most respected news agencies in Armenia is not just a privilege; it comes with significant responsibility. We extend our heartfelt gratitude for your continued support and for choosing us as your trusted news provider. As we look to the future, we are excited to embrace new ideas, embark on innovative projects,...
05/01/2025Ovechuk: energy prices will rise in Armenia, while exports will drop by 70-80 per cent if ties with the EEU curtailed
... why the draft law ‘On launching the process of joining the European Union’ being considered in Armenia puts this country in front of a choice’. According to Overchuk, ‘now it is becoming more and more obvious that membership in the EEU is a privilege, and taking into account the economic and social problems faced by the European Union, joining the EU can be compared to buying a ticket to the Titanic’. Overchuk argued that the draft law on the beginning of Armenia's accession to the EU ...
01/10/2025VTB (Armenia) expands the network of Privilege customer service zones
The VTB (Armenia) has opened new Privilege zones designed for individual customer service, in its six branches - two in Yerevan, as well as in Vanadzor, Artashat, Abovyan and Kapan, the bank's press service reported. YEREVAN, December 3. /ARKA/. The VTB (Armenia) has opened new Privilege ...
12/03/2024What are ETFs and can Armenian investors become their shareholders?
... very good question, because I believe that the Armenian stock market is experiencing at least a rebirth, if not formation. Just a few years ago, the stock market, even the local stock market, was not accessible to everyone. That is, it was a kind of privilege. Even banks did not provide services to retail clients. And if a potential investor wanted, for example, to buy American or European securities, he or she had to invest at least $100-200 thousand, so the entry threshold was very high. Now the ...
07/26/2024VTB (Armenia) opens renovated office in Nor Nork district of Yerevan
... office to 300 square metres, where more than 15 thousand retail and corporate clients will be served. It also opened a dedicated Privilege zone for premium package holders. Branch N15 has been operating in Yerevan's Nor Nork neighbourhood since 2014. In order ... ... comfortable conditions for customers, the bank renewed the office design and expanded its area. The design and location of working areas are thought over so that visitors feel individual attitude and convenience at all stages of service. The office has two ...
06/20/2024In 2024, 7,400 electric cars can be imported to Armenia with zero customs duty
... be imported to Armenia with zero customs duty in 2024. YEREVAN, December 28. /ARKA/. According to a government decision adopted on Thursday, about 7,400 electric cars can be imported to Armenia with zero customs duty in 2024. The aforementioned privilege will be granted to individuals and legal entities. Earlier at the meeting of the Eurasian Intergovernmental Council, it was agreed to extend the privilege for two more years. Armenia's quota (granted by the Eurasian Economic Commission is 8,...
12/28/2023VTB (Armenia) opens "Privilege" customer service zones in 5 branches
... themselves to receive personalized service. The concept of zoning in the bank's branches is built in such a way as to ensure maximum comfort and privacy for them. By the end of the year, 10% of our branch network will be able to serve clients in the new 'Privilege' areas. In 2024, we plan to double the number of such areas," commented Deputy Chairman of the Bank's Board of Directors Taras Kladchenko. In order to become owner of the "Privilege" package it is necessary to place a deposit of 4 million ...
12/19/2023Living on credit: the path of losers or the privilege of the rich?
One of the forms of interaction with money is credit (loan). Think about what associations this word evokes in you. Scary stories about the debt pit? A friend who has already bought all household appliances on credit and is now thinking about buying a car. Or perhaps you also have debt obligations, such as a mortgage. YEREVAN, November 15. /ARKA/ One of the forms of interaction with money is credit (loan). Think about what associations this word evokes in you. Scary stories about the debt pit? A...
11/15/2023Acba Leasing offers purchase of Fiat trucks on lease at interest rate starting from 0%
... the program is AMD 1 bln or the equivalent in foreign currency. In addition, a business owner with a share capital in the amount of AMD 200 million or more invested after January 1, 2021 and up to the date of application for assistance, may enjoy the privilege of applying for a financing up to AMD 10 billion, in accordance with the terms of the program. Acba Leasing is controlled by the Central Bank of Armenia. -0-
12/10/2022Eurasian Economic Commission extends duty-free imports of certain types of passenger aircraft until 2031
... as saying. European Airbus A320/A330 and American Boeing 737/767 (SPB: BA) are turbojet aircraft with a capacity from 110 to 300 passengers, while turboprop airliners with up to 90 seats are the European ATR 72 and the Canadian Bombardier DHC-8. This privilege introduced by the Customs Union Commission in 2009 was used by Kazakhstan, Belarus, Armenia and Kyrgyzstan. Russian air carriers until the imposition of western sanctions in 2022 used to import foreign aircraft in accordance with a 2010 decision ...
06/10/2022VTB Bank (Armenia) offers new Visa Chatbot and Chatbot Consierge services to holders of premium Visa and MasterCard cards
... exchange rates, weather, various events and other information. Visa Chatbot is a free service for holders of Visa Infinite and Visa Signature cards of VTB Bank (Armenia), which provides up-to-date information on benefits, special offers, discounts and privileges while traveling, as well as offers a 24/7 concierge service. The service is available in Telegram, Viber or Facebook messengers. The service also allows convenient and secure money transfers to Visa card. To register in the Visa Chatbot, the ...
05/17/2021Some 13.3 billion drams refunded to mortgage borrowers in 2020
... benefit. He said according to the ministry's forecasts, this growth trend will continue in the next 3-4 years, which may turn out to be a heavy burden on the budget. Earlier, Finance Minister Atom Janjughazyan indicated that the ministry may terminate the privilege. He said the decision was made after following a dramatic decline in the construction sector. It was meant to stimulate the industry and help revitalize the economy. According to him, today there are no countries that stimulate the construction ...
04/07/2021VTB Bank (Armenia) offers holders of MasterCard World Black Edition cards unlimited access to Wi-Fi network while traveling around the world
As part of the Privilege service package, VTB Bank (Armenia), together with the MasterCard international payment system has launched the Boingo Wi-Fi program for its premium customers based on the MasterCard World Black Edition card. YEREVAN, March 29. /ARKA/....
03/29/2021VTB Bank (Armenia) offers its premium clients new Visa Signature cards
VTB Bank (Armenia) offers its premium customers a comprehensive Privilege package based on Visa Signature card, which includes a wide range of banking services and a number of benefits for both the package owner and his family members. YEREVAN, February 3. /ARKA/. VTB Bank (Armenia) offers its premium customers ...
02/03/2021Armenia considering room for announcing amnesty for fines imposed for violations of traffic rules during Artsakh war
... connection with violations they committed because of urgent need. “We react quickly, but we may face a problem, because, unfortunately, when making such decisions, there are always cases when people who are not beneficiaries try to take advantage of the privilege. Therefore, it is necessary to promptly identify the participants in hostilities and officially record this, so as not to face unpleasant facts - so that those who did not participate in hostilities could not take advantage of the privilege,...
12/24/2020VTB Bank (Armenia) offers exclusive terms to premium clients
... guarantees an increased level of confidentiality and safety of accounts, and also offers clients reliable instruments for investing funds and increasing capital through brokerage services of the bank and the purchase of standardized gold bars. Additional privileges of the Prime package include 6 free entries a year to the Lounge areas of airports around the world; free travel insurance with a reimbursement of up to $ 1 million; discounts up to 25% and special offers when booking hotels under the Luxury Hotel Collection program in 900 hotels around the world; Concierge service ...
07/22/2020Armenian finance minister comments on probability of turnover tax liberalization
... tax revenue, in fact, the fiscal result is very low - 32.6 billion drams, and this requires a lot of effort and high administration to collect it. However, we do not think that entrepreneurs should be exempted from it, it should be reviewed not as a privilege, but as an alternative," Janjughazyan said. He noted that the authorities will not resort to simplification of the value added tax, since it turns out that those taxpayers who have invested knowledge, money and can go into the general tax ...
06/08/2020IDBank offers a complete set of remote services
... and settlement services while staying home; moreover, the number of such services exceeds 300. It means that IDBank’s clients can make transactions through both IDBanking.am platform and the “Banking” section of Idram application. Besides, our Privilege and Personal Banking services are also available for clients on Viber, Whatsapp and Skypevideo calls, making possible certain transactions. Q. According to the decision of the Commandant many organizations in our country are working remotely....
04/30/2020Holders of VTB Bank (Armenia) MasterCard World Black Edition premium cards offered 30% discount for using Yandex Taxi
... campaign started on April 1 and will last until the end of 2020 in Yerevan. It applies to Yandex Taxi tariffs: Comfort, Comfort + and Business," the bank said in a press release. To obtain the MasterCard World Black Edition card one should visit the 'Privilege' branch, located at 35, Moskovyan Street. The bank said also that the following services are available to holders of its MasterCard World Black Edition cards: a personal manager and individual service in a premium category office, brokerage ...
04/08/2020Putin says Russian corporate CEOs no longer hold policy-making clout
... interests. The difference between the 1990s or 2000s and today, is that they used to directly influence the decisions taken by the state on its internal, economic, and even foreign policy issues as well as security issues. A modern CEO does not enjoy this privilege," Putin said. He pointed out that businessmen no longer influenced official policies. "They have realized that it is impossible and don't even bother trying," he emphasized. At the same time, he remarked that corporate executives ...
03/13/2020IDBank presents fist in Armenia Visa Signature premium card and opens new super modern office (PHOTOS, VIDEO)
IDBank opened Thursday its flagship office in Northern Avenue in Yerevan, which became the first bank branch to offer such a wide range of services. Banking transactions and Privilege Banking services are available here. Legal entities will be serviced in a special hall, where they can have some coffee in Coffeeshop Company Espress It and use Сoworking. YEREVAN, February 7. /ARKA/. IDBank opened Thursday its flagship ...
02/07/2020Pashinyan speaks about advantages of tax code and prospects of industrialization in Armenia
... those who do not work in trade centers. The guesthouses with turnover of up to 24 million drams will also benefit from this privilege,” Pashinyan said. According to him, the Government’s economic policy has a well-pronounced social bias. Since July ... ... facilities were turned into commercial spaces over the past 30 years, and that the trade fairs should be transformed into industrial areas in the next 30 years, and the Republic of Armenia should reclaim its once-glorious reputation of industrial country. The ...
07/22/2019Government reviews issues related to privileges granted under investment programs in priority areas
Chaired by Prime Minister Nikol Pashinyan, a consultation was held on May 17 on tax and customs privileges granted under investment programs in priority areas, as well as on agricultural projects. YEREVAN, May 18, /ARKA/ Chaired by Prime Minister Nikol Pashinyan, a consultation was held on May 17 on tax and customs privileges granted under investment programs in priority areas, as well as on agricultural ...
05/18/2019Amcham and Armenia's National Center for Development of Small and Medium Enterprises sign MoU
... that the trade mission and the ministry are good partners. According to him, all members of the chamber are interested in economic development, prosperity and development of entrepreneurship. “In this regard, working with the ministry's team is a privilege and a natural activity for us. I hope that we will continue our cooperation with the ministry and with the National Center in both directions, ”he said. Karine Sargsyan noted that the American Chamber of Commerce attaches importance to the ...
05/10/2019Unibank Privé named best private banking and wealth management bank in CIS
... only for financial matters, but also to talk on various topics over a cup of tea. We are grateful to the experts of SPEAR'S Russia for the appreciation of our work,’ said Anna Harutyunyan, head of the Unibank Privé branch. There is also a special privilege for customers: membership in the private Privé Club offers additional benefits and a comfortable environment for communication. Thematic events, tasting, workshops and traditional Christmas meetings- this is not the complete list of events ...
12/20/2018VTB Bank (Armenia) opens second premium service office
In order to give a boost to promotion of premium businesses in Armenia and provide banking services to a larger number of owners of premium service packages, the VTB Bank (Armenia) opened September 17, 2018 its second premium service office, called Privilege. YEREVAN, September 27. /ARKA/. In order to give a boost to promotion of premium businesses in Armenia and provide banking services to a larger number of owners of premium service packages, the VTB Bank (Armenia) opened September 17, 2018 ...
09/27/2018Economic activity should be available to all, Pashinyan says
... policy is to create an inclusive economic system, saying also that everyone should have the possibility of starting and running any type of economic activity. ‘Before the ‘velvet’ revolution there were types of economic activity that were the privilege of a limited number of people. The goal of creating an inclusive system is to ensure that these restrictions are no longer effective," he said. At the same time, the prime minister noted that this does not mean that people who are engaged ...
07/20/2018Armenia donates khachkar to Council of Europe
... as well as Prime-Minister of Denmark Lars Løkke Rasmussen, who also participated in the ceremony. In a speech President Sargsyan described the khachkar as a vivid token of Armenian nation’s historical and cultural heritage. ‘It is an honor and privilege for us that it will be erected in the heart of Strasbourg, under the protection of human rights and democracy, in order to signify our unswerving dedication to those values,’ he was quoted as saying by his press office. The Armenian cross-stone,...
01/24/2018Taron Avia suspends flights from Gyumri
... Airlines will operate the maiden Ashgabat-Yerevan-Frankfurt flight on December 27. Avetisyan said this is will be the first flight in the history of Armenia to be carried out using the fifth freedom of the air. The fifth freedom of the air is the right or privilege, in respect of scheduled international air services, granted by one state to another state to put down and to take on, in the territory of the first state, traffic coming from or destined to a third state (also known as a fifth freedom right)....
12/26/2017VTB Bank (Armenia) unveils new offer for preferred clients
VTB Bank (Armenia) unveiled today a new offer, called ‘Privilege,’ which it said was designed for its preferred customers. YEREVAN, November 30. /ARKA/. VTB Bank (Armenia) unveiled today a new offer, called ‘Privilege,’ which it said was designed for its preferred customers. The new product is based ...
11/30/2017Government to shorten time for consideration of applications for benefits on customs payments
... seeking benefits on customs payments, Deputy Minister of Economic Development and Investments Tigran Khachatryan said at a government meeting on Thursday. The government made a set of changes today to one of its earlier decisions regarding the granting of privileges on payment of customs duties awarded to companies which invest in sectors announced by the government as priorities. "We propose that the period for consideration of applications for benefits be shorten from 35 days to 25. We also propose ...
10/26/2017FAST announces formation of Advisory Board and appointment of CEO
... where Armenia is a trendsetter of disruptive and cutting edge innovation in the region and beyond. I find it inspiring and a privilege to be involved with the Founders and all other stakeholders in helming this initiative forward,” Armen Orujyan stated.... ... business,” Artur Alaverdyan said. FAST intends to become a platform for bringing the technological breakthrough in Armenia in the areas of IT and computer science, artificial intelligence, robotics, biotechnology, advanced engineering and manufacturing technologies....
04/12/2017Draft law abolishing military service deferment is still under consideration
... the massive offensive by Azerbaijan against Nagorno-Karabakh in early April. Under current law, the military service deferment is given to male students of state-run universities who reach conscription age and who do not pay their tuition fees. This privilege is also granted to those students who are studying outside Armenia under intergovernmental agreements. -- 0-
06/08/2016Areximbank – Gazprombank Group and VEGA chain of electronic stores announce new year offer
... press office reports. Every fifth client of the bank who receive or transfer money through Areximbank’s MONEYGRAM, UNISTREAM, ANELIK, SIGUE MONEY TRANSFER, RIA MONEY TRANSFER and CONVERSE TRANSFER money transfer systems will receive an accumulative privilege card of Gold category in VEGA Group’s stores with a ten-percent discount for the first bought item and an opportunity to accumulate bonuses equal to 3% of the price of this item. The cardholder will receive bonuses after each item bought throughout ...
11/02/2015Mayor of Nice may visit Yerevan by the end of the year
... office of the president reported. Armenia’s president was in France on a working visit, says the report. Estrosi said he would aim at strengthening friendly ties between Nice and Yerevan and at discussing new prospects for cooperation. It is a great privilege for France to welcome Armenia as a Country of Honor at France Midem music industry festival from June 3 to June 8, 2015, the mayor said. Sargsyan, in turn, stressed France is special among friendly countries and said he is well aware about much ...
06/08/2015Great Britain appoints new ambassador to Armenia
..., the Czech Republic, Latvia and the Kyrgyz Republic. On her appointment as Her Majesty’s Ambassador to the Republic of Armenia, Ms Farnworth has said: 'I am delighted to be appointed as British Ambassador to the Republic of Armenia. It is a great privilege to serve in a country with such a rich history and culture. Building on the achievements of the current Ambassador and the Embassy team, I look forward to working with the Armenian Government to strengthen further the bilateral relationship ...
05/12/2015Armenian government grants new profit tax privilege, Saranist Ltd. first to benefit
Armenia’s government has granted a pioneering profit tax privilege to Saranist Limited, one of the leading glass packaging manufacturers in the country, first deputy minister of economy Garegin Melkonyan said at a government meeting on Thursday. YEREVAN, September 26. /ARKA/. Armenia’s government ...
09/26/2014Armenian dram bond issued by IFC may become long-term investment instrument for companies managing pension funds in Armenia
... in Armenia. The IFC Sevan bond offers a high-quality investment alternative for institutional investors and makes available funds that can be put to work in the local economy. Usually, the first foreign issuer in the domestic capital market has the privilege of naming the bond. We had a lot of discussions with some key players, as well as internally, and we like the name Sevan. Lake Sevan is very deep and liquid, which is how we would like to see in the Armenian capital market in the future. ARKA ...
01/10/2014HSBC named best bank in Armenia by euromoney
... awards include Best Global Emerging Market Investment Bank, Best Global Emerging Market Debt House, Best Global Risk Adviser and Best Global Transaction Banking House. Thies Clemenz, HSBC Bank Armenia Chief Executive Officer, said: “It is a great privilege to receive this award for the second time, which is testimony to another successful year of HSBC in Armenia. We are committed to supporting the growth of Armenia’s economy and banking sector by playing a leading role in this industry.” HSBC ...
07/15/2013Over 300 Areximbank-Gazprombank group cardholders used TEMPO service in 2012
... is available to those customers who have used TEMPO service for four months and received 3 remittances during that period. Overdraft is provided at 20% interest rate per annum. Interests are accrued only to the used overdraft amount. “Another privilege of TEMPO service is an opportunity to increase an overdraft amount amid the up in money transfer transactions within a year, as well as to enjoy the bank’s preferential conditions,” the source resumed. Areximbank-Gazprombank Group was established ...
02/26/2013HSBC Bank Armenia opens its tenth - Dalma Branch
... first high end commercial mall in Armenia was a strategic decision and in line with our own expansion plans. I believe HSBC presence in the mall is beneficial from the perspective of businesses operating there as well as the visitors who will enjoy the privilege of handy banking, ATM and E-Banking services, foreign exchange or any other transaction. Dalma shopping and entertainment center is expected to become an integral part of everyday life of Yerevan citizens,” HSBC Bank Armenia Chief Executive ...
11/19/2012Ekotomato To Increase Investments To About 2.6 Billion Drams
... to grow roses by modern technologies of Dutch company Dalsem will increase its investments to about 2.6 billion drams, economy minister Tigran Davtian said today after the government session awarded it a VAT payment delay until 2013 November 1. The privilege is granted to companies which import 300 million drams worth or more equipment or services. The minister said Ekotomato is currently implementing a 1.9 billion drams investment project and wants to import 680 million drams worth new equipment....
09/16/2011Armenal foil-rolling plant in Yerevan set to produce 26,000 tons of foil this year
...,000 tons of foil this year, by 7% more than in 2010, economy minister Tigran Davtian said today after the government adopted a decision to extend the so-called ‘temporary import customs regime’ for the company until September 8, 2012. The privilege is granted to companies that import 300 million drams and more worth equipment or services. The minister said ArmenAl imports new equipment as part of a cooperation project with German Achenbach Buschutten, that is expected to result in the ...
09/16/2011Some 200,000 Armenian farms to have free irrigation water
... Thursday during a Cabinet session. He said the move was prompted by favorable weather conditions. However, agricultural minister Sergo Karapetian questioned the efficiency of this decision saying the bulk of these farms will not be able to enjoy this privilege, because the bulk of the work planned for cleaning self-flowing irrigation canals by the Millennium Challenges Corporation-Armenian was not executed yet and thousands of farms still have no access to gravity flow water. He suggested that irrigation ...
04/15/2011VTB Bank (Armenia) to pay pensions by plastic cards
... accounts or plastic cards. In accordance with the agreement retirees will receive their pensions by plastic cards of VTB Bank (Armenia) beginning from March 1. They will be offered two types of pension packages, one is called ‘Pension – Privilege’ and the second is called " Pension Standard’. Under both options they will get Visa plastic cards free and will be able to use the services of the bank under special conditions. When making payments by cards, pensioners will ...
01/25/2011Armenia’s parliament approves bill restricting tax evasion cases
... restrict possibilities of companies to avoid taxes. A deputy minister of finance Suren Karayan said the main objective of the bill is to exclude the possibility of large companies to split into several smaller ones which allows them not to pay VAT, a privilege established only for small and medium-sized businesses. The deputy minister explained that the bill specifies the notion of affiliated persons. Under the proposed bill legal entities and physical persons are regarded as affiliated if they act ...
12/16/2010Duty free store chain (Armenia) to be audited this may
... goods purchased from the Duty Free store chain in Armenia as hand luggage to the third countries and to the EU states,” Movsisyan said. According to him, the Duty Free chains in the EU, Croatia and Singapore are the only chains enjoying this privilege. Movsisyan reported that numerous countries are expecting this audit so May is the approximate term of audit in Armenia. Duty-free shops (or stores) are retail outlets that do not apply local or national taxes and duties. Duty-free shopping ...
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