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Sharp decline in diamond and gold re-exports leads to decline in exports and imports in Armenia – WB
In April, Armenia's both exports and imports continued to fall, due to the unwinding of the temporary surge in re-exports, according to World Bank's Armenia Monthly Economic Update – June 2025.. YEREVAN, June 25. /ARKA/. In April, Armenia's both exports and imports continued to fall, due to the unwinding of the temporary surge in re-exports, according to World Bank's Armenia Monthly ...
06/25/2025Economic activity in Armenia grows due to construction and industry - World Bank
Economic activity grew 5.4 percent (yoy) in April, up from 3.7 percent (yoy) in March. This is stated in the World Bank’s June report “Monthly Economic Developments in Armenia”, published by the press service of the Armenian representative office of the World Bank. YEREVAN, June 25. /ARKA/. Economic activity grew 5.4 percent (yoy) in April, up from 3.7 percent ...
06/25/2025EDB forecasts Armenia's economic growth at 5.3% in 2026 and 5% in 2027
The Eurasian Development Bank forecasts that Armenia's economic growth will reach 5.5% in 2025, 5.3% in 2026 and 5% in 2027. YEREVAN, June 24. /ARKA/. The Eurasian Development Bank forecasts that Armenia's economic growth will reach 5.5% in 2025, 5.3% in 2026 and 5% in 2027....
06/24/2025EDB forecasts inflation in Armenia at 3.1% in 2025, 3% in 2026 and 2.5% in 2027
The Eurasian Development Bank forecasts that inflation in Armenia in 2025 will be 3.1%, 3% in 2026 and 2.5% in 2027. This is stated in the macroeconomic forecast for 7 member countries for 2025-2027. YEREVAN, June 24. /ARKA/. The Eurasian Development Bank forecasts that inflation ...
06/24/2025Ameriabank's MyInvest Platform Gains Direct Access to AMXTrader Trading System
Ameriabank has become the first bank in Armenia to provide its investment clients with direct access to the Armenia Stock Exchange (AMX) trading system, AMXTrader, through the MyInvest platform. The integration was officially marked with the ceremonial ringing ...
06/23/2025Trip to Portugal and 59 other gifts: results of first month of “My Ameria, My Family” lottery announced
On June 20, Ameriabank announced live on air the results of the first month of “My Ameria, My Family” promotional lottery. YEREVAN, June 23. /ARKA/. On June 20, Ameriabank announced live on air the results of the first month of “ My Ameria, My Family ” promotional ...
06/23/2025No security breach in mobile application: Ardshinbank comes out with statement
Ardshinbank has issued a statement that runs as follows: YEREVAN, June 20./ARKA/. Ardshinbank has issued a statement that runs as follows: “We would like to inform all that during testing, a working test message was sent to the real environment; we apologize ...
06/20/2025VTB (Armenia) becomes official partner of Music for the Future Foundation
VTB (Armenia) has become a partner of the Music for the Future Foundation. The bank will support the foundation's key programs, including the development of cultural and educational projects, the organization of concerts, and the allocation of scholarships for young musicians. YEREVAN, June 19. /ARKA/. VTB (Armenia) has become ...
06/19/2025Investments Starting from $1 Commission: Apricot Capital Makes Investing More Affordable
... commissions as much as possible, thanks to which our clients will be able to make investments with very little costs," said Vachik Gevorgyan, Executive Director of Apricot Capital. Apricot Capital is an investment company licensed by the Central Bank of Armenia and is included in the list of major taxpayers in the Republic of Armenia. According to data from the first half of 2025, it is the 73rd largest taxpayer in Armenia. Apricot Capital clients have access to over 40 financial markets, allowing ...
06/19/2025Moody's upgrades long-term deposit ratings of Unibank to B1, outlook stable
Moody's has upgraded Unibank long-term local and foreign currency bank deposit ratings to B1 from B2 and changed the outlook on these ratings to stable. YEREVAN, June 19. /ARKA/. Moody's has upgraded Unibank long-term local and foreign currency bank deposit ratings to B1 from ...
06/19/2025ACBA Bank summarizes the results of 2024
ACBA Bank summarized the results of 2024 and defined the future directions of the bank's development at the annual general meeting of shareholders, ACBA said in a press release today. YEREVAN, June 18. /ARKA/. ACBA Bank summarized the results of 2024 and ...
06/18/2025Ardshinbank Continues to Expand Its Network of Modern Branches
On June 17, Ardshinbank celebrated the grand opening of its new Sebastia branch. YEREVAN, June 18. /ARKA/. On June 17, Ardshinbank celebrated the grand opening of its new Sebastia branch. This branch stands out with its modern solutions and sleek interior design, offering ...
06/18/2025Central Bank Governor: Israel-Iran conflict may increase risks for Armenian economy
Central Bank Governor Martin Galstyan responded to a question from the ARKA news agency regarding the possibility of revising Armenia's economic growth forecast in light of the escalation between Israel and Iran. Yerevan, June 18: /ARKA/. Central Bank Governor ...
06/18/2025Central Bank of Armenia has left the refinancing rate unchanged for the third time in a row at 6.75%
At its meeting on June 17, the Board of the Central Bank of Armenia left the refinancing rate unchanged - at 6.75%. YEREVAN, June 17. /ARKA/. At its meeting on June 17, the Board of the Central Bank of Armenia left the refinancing rate unchanged - at 6.75%. The Lombard repo rate is left at 8.25% and ...
06/17/2025VTB (Armenia) launched a new service for money transfers to “Mir” cards of all Russian banks
Retail clients of VTB (Armenia) can transfer funds from their “Mir” cards to cards of Russian users using a new service - through the bank's website. YEREVAN, June 17. /ARKA/. Retail clients of VTB (Armenia) can transfer funds from their “Mir” cards to cards of Russian users using a new service - through the bank's website. Funds are credited to the recipient's card instantly ...
06/17/2025Converse Bank Partners with IFC to Boost Trade Finance Capabilities
Converse Bank has secured trade finance line from the International Finance Corporation (IFC). YEREVAN, June 17. /ARKA/. Converse Bank has secured trade finance line from the International Finance Corporation (IFC). The agreement was signed on June 16 in Vienna ...
06/17/2025Ameriabank Partners with HIF Yerevan 2025 to Boost Hospitality Investment in Armenia
... in Yerevan on June 18. YEREVAN, June 16. /ARKA/. The Hospitality Investment Forum 2025 (HIF), the leading professional platform in Armenia for discussing the development of the hospitality industry, will take place in Yerevan on June 18. Ameriabank, Armenia’s leading financial and technology institution and the largest lender to the economy, is the general partner of the forum, alongside Cushman & Wakefield, Myler Mountain Resort, and TK Elevator. Organized by Stone Development, HIF is designed ...
06/16/2025Finance Minister Promises Changes to Tax Code
... turnover tax system has created a mechanism which they use to make sales without documentation, hiding the actual volumes,” Hovhannisyan said at a press conference on Monday. According to him, in some cases the fines for non-payment were lower than bank interest rates. "Our work now is aimed at understanding in a broader sense how to conceptually approach this or that tax, because in addition to collecting taxes or providing funding, it is necessary to take into account aspects such as establishing ...
06/16/2025Armenian Finance Minister Assesses Impact Of Israel-Iran Escalation On Armenian Economy
... the developments and understand what we need to do to mitigate these effects," Hovhannisyan said. Figures and forecasts for the Armenian economy Armenia's economic growth in the state budget for 2025 is envisaged at 5.1%. According to the Central Bank's report on monetary policy for the first quarter of this year, by the end of 2025, Armenia's GDP growth is expected to be within 7-4.8%, in 2026 - 4.7-4.1%, in 2027 - 4.7-6.1%. The EDB forecasts Armenia's GDP growth at 5.5% in 2025. The WB expects ...
06/16/2025City hall is going to cancel paper QR codes for public transport tickets
... fully operational in Yerevan, according to which cash payments are no longer possible on buses, trolleybuses and the metro. There are several payment options - paper tickets with a QR code (from TelCell terminals), the TelCell Wallet mobile application, bank cards and permanent plastic travel cards. The following tariff packages are valid: * 150 AMD - 1 trip * 280 (300) AMD - "90 minutes" package / 3 trips * 1500 AMD - Multi package / 10 trips in 30 days * 880 (900) AMD - for 1 day / 8 trips ...
06/16/2025Ameriabank joins TOON EXPO to be held first time in Moscow
Ameriabank, the leader in the mortgage market, is set to participate in TOON EXPO, an international exhibition of real estate and construction initiated by Big Projects, that will be held on June 27-29, for the first time in Moscow. YEREVAN, June 11. /ARKA/....
06/11/2025World Bank left unchanged its spring forecasts for the Armenian economy for 2025-26, but worsened the January ones
The World Bank expects that the Armenian economy will grow by 4% in 2025, by 4.2% in 2026, and by 4.5% in 2027. YEREVAN, June 11. /ARKA/. The World Bank expects that the Armenian economy will grow by 4% in 2025, by 4.2% in 2026, and by 4.5% in 2027. This forecast ...
06/11/2025Armenia's economy is returning to its potential growth rate - Central Bank head
Armenia's economy is returning to growth rates close to potential, said Martin Galstyan, head of the republic's Central Bank. YEREVAN, June 11. /ARKA/. Armenia's economy is returning to growth rates close to potential, said Martin Galstyan, head of the republic's Central Bank. "There are certain points where, due to re-export, we naturally have negative indicators....
06/11/2025Head of the Central Bank of Armenia named two main risks to financial stability
... point of view of Armenia's financial stability, two main risks can be identified, one of which continues to be primarily caused by external conditions, and the second is the result of internal development, said Martin Galstyan, Chairman of the Central Bank of the Republic, presenting the financial stability report for 2024. YEREVAN, June 11. /ARКА/. From the point of view of Armenia's financial stability, two main risks can be identified, one of which continues to be primarily caused by external ...
06/11/2025A slowdown in activity is possible in the Armenian real estate market - Martin Galstyan
The Central Bank of Armenia thinks that a slowdown in activity in the republic's real estate market is possible, said the head of the regulator, Martin Galstyan. YEREVAN, June 11. /ARKA/. The Central Bank of Armenia thinks that a slowdown in activity in the republic's ...
06/11/2025Bank lending to the Armenian economy showed a significant increase of 25.5% in 2024 - Central Bank head
In 2024, the loan portfolio provided to the economy by the banking system grew significantly - by about 25.5%, and the growth of the deposit portfolio of the banking system amounted to 14%, said the head of the republic's Central Bank Martin Galstyan. YEREVAN, June 11. /ARKA/. In 2024, the loan portfolio provided ...
06/11/2025Central Bank Chairman: Over 400 Cases of Bank Fraud Recorded in Armenia in Q1
In the first quarter of this year, 408 cases of fraud were recorded in the banking system of Armenia, and their number is decreasing, said Martin Galstyan, Chairman of the Central Bank of the Republic, explaining that this figure may be inaccurate, since there are no applications for some cases to law enforcement agencies yet....
06/11/2025Modern French language class opened in Mastara village school with the support of the Stepan Gishyan Foundation
Students of the Mastara village school in Aragatsotn region now have the opportunity to study French in a fully equipped classroom equipped with all the multimedia capabilities, the press service of Akba Bank reports. YEREVAN, June 10. /ARKA/. Students of the Mastara village school in Aragatsotn region now have the opportunity to study French in a fully equipped classroom equipped with all the multimedia capabilities, the press service of Akba Bank reports....
06/10/2025Construction volume in Armenia increased by 15% in 4 months, reaching 116.6 billion drams
..., the volume of construction at the expense of international loans for four months amounted to 4,759.3 million drams (share - 6.1%) with an increase of 25.9% compared to the four months of last year. Moreover, from the international loans, the World Bank received 381.0 million drams, the European Bank for Reconstruction and Development - 549.0 million drams, the European Investment Bank - 36.0 million drams, the Asian Development Bank - 1,350.5 million drams, the German Development Bank - 99.3 million ...
06/10/2025EDB expects consumer price growth in Armenia to remain close to the target range
The Eurasian Development Bank (EDB) forecasts that consumer price growth in Armenia will remain close to the target range of the Central Bank of the Republic. YEREVAN, June 9. /ARKA/. The Eurasian Development Bank (EDB) forecasts that consumer price growth in Armenia will remain ...
06/09/2025Armenia's tax-to-GDP ratio may reach 25% in 2026 – Finance Ministry
... increase taxes. We had deferred tax liabilities, including in the construction sector," he said in parliament on Monday during a discussion of the report on the implementation of the Armenian state budget for 2024. Earlier, the Chairman of the Central Bank of Armenia Martin Galstyan stated that tax revenues in 2024 increased by 5.1% compared to 2023, while the tax-to-GDP ratio decreased by 0.5 percentage points and amounted to 23.6%. According to him, the tax-to-GDP ratio was 1.3 percentage points ...
06/09/2025Armenia hosts the largest wine festival in the region for the fifth time with the support of Acba Bank (VIDEO)
For the fifth time, with the support of Acba Bank, Yerevan is hosting the most anticipated event of the first week of June — the Yerevan Wine Days festival, which tells the world about the unique and thousand-year-old traditions of Armenian winemaking, the bank’s press service reports. YEREVAN,...
06/09/2025Expansion of infrastructure programs in Armenia discussed by RA Deputy Prime Minister with KfW bank delegation
Programs in the field of irrigation and energy in Armenia were discussed by Armenian Deputy Prime Minister Tigran Khachatryan at a meeting with a delegation of the German KfW bank headed by the Bank's Regional Director for Eastern Europe, Central Asia and the Caucasus Veronica Garcia del Arco. YEREVAN, June 6. /ARKA/. Programs in the field of irrigation and energy in Armenia were discussed by Armenian Deputy Prime Minister ...
06/06/2025Cashback for All Ardshinbank Mastercard Cardholders
From June 2 to September 2, Ardshinbank will run a campaign titled “Cashback for All Mastercard Cardholders” marking the summer with yet another pleasant and meaningful collaboration. YEREVAN, June 6. /ARKA/. From June 2 to September 2, Ardshinbank will run a campaign titled ...
06/05/2025In May, 12-month inflation in Armenia amounted to 4.3%, while prices rose by 0.3% over the month
... increased by 0.1%. In addition, the growth of tariffs for services for the population in May 2025 for the year amounted to 3.1%, and for the month - 0.1%. Economic growth of Armenia in the state budget for 2025 is envisaged at 5.1%. According to the Central Bank's report on monetary policy for the first quarter of this year, by the end of 2025, Armenia's GDP growth is expected to be within 7-4.5%, in 2026 - 4.7-4.1%, in 2027 - 4.7-6.1%. -0-
06/04/2025Results of Armenia's fiscal policy in 2024 deviated from the target indicators - the head of the Central Bank
... the conditions of macroeconomic uncertainty that emerged in 2024, the results of the implemented fiscal policy in Armenia deviated from the medium-term and long-term targets, in particular, in terms of tax collection, said the Chairman of the Central Bank of the Republic Martin Galstyan. YEREVAN, June 4. /ARKA/. In the conditions of macroeconomic uncertainty that emerged in 2024, the results of the implemented fiscal policy in Armenia deviated from the medium-term and long-term targets, in particular,...
06/04/2025Acba Bank and NABU launch free 2025 program for organic agriculture development
Acba Bank and the Armenian branch of the German "Nature and Biodiversity Conservation Union" (NABU) are launching a free 2025 Organic Agriculture Development Program, the bank's press service reported. YEREVAN, June 4. /ARKA/. Acba Bank and the ...
06/04/2025Acba Bank contributed to the construction of a modern sports ground in Goris
In the “Haghtanak” park of Goris, a sports ground that meets modern standards was built in cooperation with Acba Bank, the Hayastan All-Armenian Fund and the Goris City Hall, the bank’s press service reported. YEREVAN, June 4. /ARKA/. In the “Haghtanak” park of Goris, a sports ground that meets modern standards was built in cooperation with Acba Bank, the ...
06/04/2025Armenia's 5.9% GDP growth in 2024 was 1.1 percentage points below budget target - Minister
... at 7%, and inflation at 4% (±1.5%). The economic activity indicator of Armenia in January-December 2024 registered an increase of 8% compared to the same period in 2023. In the monetary policy report for the fourth quarter of last year, the Central Bank of Armenia predicted that by the end of 2024, Armenia's GDP growth would be 6%.
06/04/2025Unibank opened renovated branch in Sisian
Unibank branch in Sisian has resumed operations in a new, more spacious and modern building. YEREVAN, June 4. /ARKA/. Unibank branch in Sisian has resumed operations in a new, more spacious and modern building. The branch is located at the following address: ...
06/04/2025Armenian alcohol producers ask WTO intervention due to cargo delays at Georgian border, negotiations to be held in Armenia
... lift the restrictions that impede the transit of goods through its territory," the statement reads. The statement was sent to the National Assembly of Armenia, the Ministries of Economy and Foreign Affairs of the Republic of Armenia, the European Bank for Reconstruction and Development, the UN, the Eurasian Development Bank, the World Trade Organization and the Russian Embassy in Armenia. The joint statement was signed by Ararat Wine Factory, Shahnazaryan Wine and Brandy House, Alco Alliance, ...
06/04/2025Economic activity in Armenia to accelerate in H2 – EDB
Economic activity indicators in Armenia will accelerate growth in the second half of the year as positive dynamics in industry recover, according to the weekly macro review of the Eurasian Development Bank (EDB). YEREVAN, June 2. /ARKA/. Economic activity indicators in Armenia will accelerate growth in the second half of the year as positive dynamics in industry recover, according to the weekly macro review of the Eurasian Development Bank (EDB)....
06/02/2025EBRD and EU jointly implement capital market support program in Armenia
... “Capital Markets: Preparation and Coordination” was held on Thursday in Yerevan, becoming the first event as part of a program designed to support the capital market in Armenia. The program, worth approximately €500,000, was launched by the European Bank for Reconstruction and Development (EBRD) and the EU in December 2024 in partnership with the Georgian investment banking and brokerage firm Galt & Taggart and the consulting firm Ameria. The program is designed for companies that issue capital market ...
05/30/2025Armenian Parliament Ratifies Agreement on Investment Grant for Yerevan II Energy Efficiency Program in the Amount of €10.1 Million
.... On Thursday, the National Assembly of Armenia ratified an agreement on an investment grant for the Yerevan II Energy Efficiency Program in the amount of €10.1 million. The agreement for €10.1 million between Armenia and the European Investment Bank (EIB) was signed on November 12, 2024. The total cost of the project is €38 million, which will be financed from the following sources: €25 million in loans from the EIB, €10.1 million in grants, €650,000 for technical support, €250,000 ...
05/29/2025EAEU is 11 years old: A History of Success – Ambassador of the Russian Federation to the Republic of Armenia S.P. Kopyrkin on EAEU Day
... simple: if enterprises from at least three countries of the Union participate in a project, it receives preferential financing through subsidized interest rates and direct support. To stimulate economic growth, the instruments of the Eurasian Development Bank and the Eurasian Fund for Stabilization and Development are additionally used: their combined portfolio exceeds USD 5 billion, and more than 80 projects are being implemented in the fields of energy, transport, industry, and infrastructure development....
05/29/2025EBRD and EU launch support program for companies issuing capital market instruments in Armenia
The European Bank for Reconstruction and Development (EBRD) and the European Union jointly with the Ministry of Economy of Armenia will launch a program designed to support companies issuing capital market instruments, the ministry said in social networks. YEREVAN,...
05/27/2025Unibank’s “Haghtanak” branch serves clients from 9:30 am to 7:30 pm
Unibank branch “Haghtanak” has switched to a new operating mode - extended hours. Now clients can receive a full range of banking services from Monday to Friday - from 9:30 am to 7:30 pm.The branch is located at N94, 62 Komitas, Yerevan. YEREVAN, ...
05/27/2025Byblos Bank Armenia joins the ArcaPay system
Byblos Bank Armenia has joined another innovative ecosystem, ArcaPay. YEREVAN, May 26. /ARKA/. Byblos Bank Armenia has joined another innovative ecosystem, ArcaPay. ArcaPay enables customers of Armenian banks and payment and settlement companies to transfer ...
05/26/2025Economic activity in Armenia grew by 4.4% in 4 months
... drams, which is 9.9% higher than the figure for the same period in 2024. In April, the annual growth was 5.6%, and a monthly decline of 0.8% was recorded. Armenia's economic growth in the 2025 state budget is projected at 5.1%. According to the Central Bank's monetary policy report for the first quarter of this year, Armenia's GDP growth is expected to be within 7-4.8% by the end of 2025, 4.7-4.1% in 2026, and 4.7-6.1% in 2027. The EDB forecasts Armenia's GDP growth at 5.5% in 2025. The WB expects Armenia's ...
05/26/2025EDB names main drivers of Armenia's economic growth in Q1
... Armenia's GDP growth in Q1 2025 was made by the services sector. YEREVAN, May 26. /ARKA/. The largest contribution to Armenia's GDP growth in Q1 2025 was made by the services sector. This is stated in the weekly macro review of the Eurasian Development Bank. Armenia's GDP grew by 5.2% in Q1 2025. "Financial activities, information and communications, real estate transactions, as well as construction (increased by 27.5%, 16.2%, 7.2% and 14% y/y, respectively). Household consumer spending and investment ...
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