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Armenia's Investigative Committee explains reasons for search at Tashir Group headquarters in Yerevan
Armenia's Investigative Committee has announced the reasons for the search at the Tashir Group headquarters in Yerevan. YEREVAN,... ... Group headquarters as part of criminal proceedings initiated on charges of money laundering on an especially large scale, non-payment of taxes, duties, and other payments,” the Investigative Committee's press service said. Samvel Karapetyan, owner of ...
07/02/2025Unibank pays AMD 7.8 billion dividends to shareholders
... UNIBusiness Mobile application for legal entities and an Internet acquiring service that allows entrepreneurs to accept online payments on websites and in online stores. In the reporting year, the Bank's retail loan portfolio increased by 36%. Thanks to ... ... customers, thus, Unibank strives to offer them the most favorable conditions and modern functionality. In 2024, Unibank created the Armenian money transfer payment and settlement system UBPay, the mission of which is to help people transfer money worldwide easily ...
07/02/2025In May, the number of jobs in Armenia exceeded 790 thousand - SRC
The number of income-earning jobs, according to the income tax and social payment calculations submitted by taxpayers, amounted to 790,320 in May 2025, the State Revenue Committee of Armenia reports. YEREVAN, July 2. /ARKA/. The number of income-earning jobs, according to the income tax and social payment calculations submitted by taxpayers, amounted to 790,320 in May 2025, the State Revenue Committee of Armenia reports. This is ...
07/02/2025Armenian parliament to consider amendments allowing regulator to initiate proceedings against electricity operator
The National Assembly of Armenia, at the initiative of the government, will convene an extraordinary session on July 1, the parliament’s website reports.... ... market”, “On currency regulation and currency supervision”, “On investment funds”, “On credit organizations”, “On payment and settlement systems and payment and settlement organizations” will also be considered.
06/27/2025Vape importer suspected of tax evasion worth $370,000 in Armenia (video)
Armenian State Revenue Committee (SRC) has uncovered a tax evasion case by a company engaged in the import and sale of electronic ... ... cigarettes imported from the EEU countries and China, the company significantly underestimated the volumes of products and evaded the payment of excise tax and VAT. These cigarettes were marked with excise stamps, the electronic registration of which also understated ...
06/23/2025Finance Minister Promises Changes to Tax Code
Armenian Finance Minister Vahe Hovhannisyan has commented on Prime Minister Nikol Pashinyan’s statement that the current Tax ... ... 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 ...
06/16/2025About 10% of Armenian citizens have submitted income declarations
... Affairs. About the declaration system The universal income declaration system for citizens and residents will be implemented in Armenia from January 1, 2023, for three years. Initially, it was assumed that the data at the disposal of tax authorities would ... ... institutions of additional education, rental of school textbooks, dental services. As a precondition, a requirement for non-cash payment for the service has been introduced.
06/16/2025Ameriabank joins TOON EXPO to be held first time in Moscow
... first time in Moscow. At the Ameriabank pavilion, the expo visitors will discover opportunities for acquiring real estate in Armenia with mortgage financing, tailored to their preferences and needs. The offerings will be available not only to residents ... ... companies, will present special offers, featuring the most competitive rates for the properties showcased. Moreover, with a down payment of 40%, the loan will be granted without the need for a creditworthiness assessment. “We have always prioritized long-term,...
06/11/2025Armenia hosts the largest wine festival in the region for the fifth time with the support of Acba Bank (VIDEO)
... 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, June 9. /ARKA/. For the fifth time, with the support of Acba ... ... guests and tourists until June 8. The sponsor of the Yerevan Wine Days festival together with Acba Bank is the international payment and settlement system Visa. Visitors to the wine festival, having ordered a free digital Visa card at the Acba Bank pavilion ...
06/09/2025Any social stratification in Armenia is unacceptable: human rights defender on the scandalous draft law on military service
Armenian human rights defender Anahit Manasyan, commenting on the draft law on military service that has caused heated discussions,... ... Armenia. It is proposed to establish the possibility of compulsory military service for a period of less than 24 months, with the payment to the state budget of 20 million drams for service for 1 month, 15 million drams for six months. ($1 - 384.36 drams) ...
05/29/2025Over 10,000 draft dodgers in Armenia: Alen Simonyan on the new bill
There are over 10,000 people wanted for draft dodge in Armenia, said RA National Assembly Chairman Alen Simonyan. YEREVAN, May 27. /ARKA/. There are over 10,000 people wanted for draft ... ... the term of compulsory military service in the Armenian Armed Forces from the current 2 years to 1 or 6 months in exchange for payment. The legislative package, developed on January 16, 2024, provides for amendments to the laws "On Military Service ...
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 money instantly by simply inputting the recipient's phone number. The service is accessible through the Byblos Mobile app , allowing the Bank's customers to make instant transfers in AMD to clients of all ...
05/26/2025No Criminal Charges for Income Declaration Violators
.... About the declaration system The system of universal income declaration for citizens and residents is being implemented in Armenia from January 1, 2023 for three years. Initially, it was assumed that the data at the disposal of tax authorities would ... ... institutions of additional education, rental of school textbooks, dental services. As a precondition, a requirement for cashless payment for the service was introduced. In total, during 2024, about 3,800 people used the social spending system, they were returned ...
05/22/2025Lavrov responds to accusations of supplying arms to Azerbaijan and imposing Moscow's will on Armenia
Russian Foreign Minister Sergei Lavrov has responded to accusations that Azerbaijan has been fighting against Armenia and Nagorno-Karabakh with Russian weapons, and rejected claims that Armenia's foreign policy is being imposed on it. ... ... Azerbaijan at all. Russian weapons are also used in Africa,” Lavrov said. New agreements on arms deliveries “Episodes with payment for deliveries and failed deliveries (of weapons to Armenia - ed.), we discussed and settled. These payments have been ...
05/21/2025Event Ticketing Platform Eventhub is now Available in MyAmeria App
... Having operated actively for almost two years by now, Eventhub platform has collaborated with more than 250event managers in Armenia and abroad. The platform presents events by nationally and internationally renowned artists and music bands, from Yerevan ... ... by Ameriabank is also integrated into MyAmeria app. With the help of this service, you can buy event tickets now and make the payment in installments over 1, 3, or 6 months. Besides, in cooperation with Dinno company, MyTour platform was also integrated ...
05/16/2025Armenian Minister proposes to allow retaking driving license exams next day for 45,000 drams
The Armenian Interior Ministry proposes to amend the procedure for retaking driving license exams and digitalizing documents. YEREVAN,... ... to do so the next day for 45 thousand drams. If a citizen wants to retake the exam on the third day, the amount of additional payments is proposed to be set at 30 thousand drams. At the same time, the standard procedure with retaking the test on the 7th ...
05/15/2025FINTECH360 international conference held in Yerevan with the support of Unibank
FINTECH360 international conference was held in Yerevan with the support of Unibank. YEREVAN, April 22. /ARKA/. FINTECH360 international conference was held in Yerevan with the support of Unibank. This year more than 300 participants came to Armenia, including representatives of banks, payment and money transfer companies, heads of large IT companies and startups. Compared to previous years, the number of participants increased almost 1.5 times. The conference participants were welcomed by Hovhannes Khachatryan, Deputy Chairman of the ...
04/22/2025OVIO Data Center Receives PCI DSS Compliance Certificate
OVIO Data Center has received the Payment Card Industry Data Security Standard (PCI DSS) v4.0.1 compliance certificate for both cloud and colocation services. ... ... the “Compliant” status, fully meeting the requirements of the PCI DSS v4.0.1 standard. OVIO data center is the largest in Armenia. It is designed and built in accordance with the high reliability standards of TIER III, has power supply from two high-voltage ...
04/15/2025VTB (Armenia) records growing interest of young people in installment loans
VTB (Armenia) is seeing growing interest in installment loans, offering customers favorable terms for purchases at more than 1,000 ... ... particularly during the spring and summer seasons, when home improvement projects are most common. The bank also offers installment payment options for a wide range of services — including travel packages, airline tickets, hotel stays, dental services, and ...
04/14/2025MyAmeria Star - Ameriabank presents a bank card and app for kids and teens
... with full parental control. The application allows having a digital bank card - Visa Star, receiving money to that card, making payments, withdrawing cash from ATMs, and topping up the balance on the phone. Customers aged 13 and older can also add their ... ... Star is available in App Store and Google Play. About Ameriabank Ameriabank is a leading financial and technology company in Armenia, a major contributor to the Armenian economy. In pursuit of digital transformation, the Bank has implemented unique products,...
04/09/2025Draft law on crypto assets to be submitted to Armenian parliament in coming weeks - Deputy Chairman of Central Bank
The draft law on crypto assets, developed by the Central Bank of Armenia in the context of European norms, will be submitted to the Armenian parliament in the coming weeks, said Deputy Chairman ... ... based on the European regulation of crypto asset markets (MiCA) and stipulates that crypto assets will not become a means of payment, and the market will be regulated. On April 3, the Doing Digital 2025 forum was held in Yerevan under the title “Money ...
04/04/2025Armenian Google or Online Business Transformation: Inevitability and New Horizons
The world is currently undergoing a digital revolution, and businesses in Armenia cannot remain detached from these global changes. Digital transformation is not just a passing trend; it is an objective ... ... vast audience, not just within Armenia but beyond its borders. They offer ready-made infrastructure: logistics, warehouses, payment systems, and marketing tools. This enables small and medium-sized businesses to enter the market with minimal costs and ...
03/31/2025PayLink: new and simple solution from Ameriabank for businesses to receive payments
A new, fast and secure way to receive payments with just one link: Ameriabank and Dinno company present a joint platform PayLink – an innovative solution for accepting ... ... wallets. About Ameriabank Ameriabank is a leading financial and technological institution, one of the significant players in the Armenian economy. As part of the digital transformation strategy, the Bank introduces and constantly improves unique market products,...
03/21/2025Central Bank of Armenia tries to balance risks and opportunities of crypto-assets
Regarding crypto-assets, the Central Bank of Armenia is trying to balance the opportunities and risks for the economy, Levon Sahakyan, a member of the Central Bank Board, ... ... on crypto-assets, which is based on the European Markets in Crypto-Assets Regulation (MiCA). Crypto-assets will not become a payment method and the market will be regulated," Sahakyan said. According to him, organizations will have to obtain a license ...
03/20/2025Acba Bank issues first “talking” cards in Armenia
The Acba Bank has started issuing Visa Signature Limited Edition cards with the image of "Armenia. Panel" by Martiros Saryan, the bank's press service reported. YEREVAN, March 19. /ARKA/. The Acba Bank has started ... ... exclusive copies, are the first in Armenia to use innovative AR-technologies. The new and exclusive initiative of Acba Bank and Visa payment and settlement system combines Armenian art, innovative technologies and new banking experience, creating an opportunity ...
03/19/2025Unibank branch in Vanadzor operates at a new address
The Unibank branch in Vanadzor will now operate at 38/3 Grigor Lusavorich Street in the third largest city of Armenia. YEREVAN, March 6. /ARKA/. The Unibank branch in Vanadzor will now operate at 38/3 Grigor Lusavorich Street in the ... ... comfortable premises with a modern design allow for fast and high-quality service for a large number of clients. The branch also has a payment terminal for independent banking transactions. In parallel with the development of mobile applications, Unibank is constantly ...
03/06/2025In January, the number of jobs in Armenia exceeded 754 thousand - State Revenue Committee
The number of income-earning jobs, based on income tax and social payment calculations submitted by taxpayers, reached 754,839 in January 2025, according to the State Revenue Committee of Armenia. YEREVAN, January 24. /ARKA/. The number of income-earning jobs, based on income tax and social payment calculations submitted by taxpayers, reached 754,839 in January 2025, according to the State Revenue Committee of Armenia. This represents ...
02/24/2025Untapped potential: TCF co-founder on opportunities and prospects of crowdfunding in Armenia (EXCLUSIVE)
Crowdfunding as a financing tool is rapidly developing in the world, but in Armenia its potential remains underutilized. Narek Vardanyan, co-founder and director of TCF Company, told ARKA News Agency in ... ... earlier, after which we will be listed on the Armenian Stock Exchange. The nominal value of the bond is 100 thousand drams, coupon payment period is 3 months. The underwriter of the issue is Dimension Investments Company. ARKA - Does the company plan to go ...
02/18/2025Head of tourism committee names the amount tourists spend on trip to Armenia
... industry is to increase the amount of money that tourists are willing to spend in the country, said Lusine Gevorgyan, head of the Armenian Tourism Committee. YEREVAN, February 7. /ARKA/. One of the goals in the development of the industry is to increase ... ... steps to obtain more accurate data. In particular, Gevorgyan mentioned that an agreement has been reached with an international payment system that, without violating the banking secrecy of citizens, will provide data on how much they spent in Armenia. However,...
02/07/2025Galstyan: Public transport fare increase in Yerevan may raise inflation by 0.1% maximum
... could raise inflation by 0.1%, and this is the maximum possible rise, said Martin Galstyan, the head of the Central Bank of Armenia. YEREVAN, February 4. /ARКА/. The increase in public transport prices in Yerevan could raise inflation by 0.1%, and ... ... system. On the Unified Ticket System Since February 1, a unified ticket system has been fully operational in Yerevan, where cash payments are no longer accepted on buses, trolleybuses, and the metro. Several payment options are available: paper tickets with ...
02/04/2025Yerevan residents continue boycott of new public transport fares
... boycott the increase in public transport fares, which has been in effect for the third day. A correspondent for the Novosti-Armenia news agency witnessed some passengers placing 100-dram coins on the panel next to the driver, some paying with a bank ... ... supporters. They are calling on citizens to use transport either at the old rate or ride for free. On February 1, a unified fare payment system came into force in Yerevan, which abolished cash on buses, trolleybuses and the metro. There are several payment ...
02/03/2025Armenian citizens will not pay 3000 drams for activation of electronic signature
From February 1, 2025, Armenian citizens will be exempted from the payment of 3000 drams for electronic signature activation, the Armenian Information Systems Agency reported. YEREVAN, January 27. /ARKA/. From February 1, 2025, Armenian citizens will be exempted from the payment of 3000 drams for electronic signature ...
01/27/2025Declaration of income in Armenia: a complete guide to all issues - part 2
The State Revenue Committee of Armenia continues to publish answers to frequently asked questions regarding who must ... ... and are NOT included in the income tax return. 6. If you transferred an amount from a payment terminal to your account or card, do you need to include information about this... ... information about the loan received in 2024 in the declaration. 13. Are income from deposits, debt securities (bonds), securities, and shares subject to declaration? Yes, if in 2024...
01/22/2025Speaker of the NA justifies Yerevan's public transport fare increase
Speaker of the National Assembly of Armenia, Alen Simonyan, thinks that the increase in public transport prices in Yerevan is justified. YEREVAN, January 21. /ARKA/.... ... About the Unified Ticket System Since January 1, 2025, a unified ticket system has been implemented in Yerevan, under which cash payments are no longer accepted on buses, trolleybuses, and the metro. Several payment methods are available: paper one-time tickets ...
01/21/2025Social expenses: who and how can use them in Armenia
The Armenian State Revenue Committee presented information on the social expenses established by the Armenian government in June 2023.... ... does not exceed 100,000 drams. How to claim the compensation To claim the compensation for social expenses, you must request a payment document (invoice) from the service provider, i.e., the insurance company or educational institution, by presenting your ...
01/20/2025Who must submit 2024 income tax returns and how – clarifications from Armenia's State Revenue Committee
... individuals who submitted declarations for the previous (2023) reporting year and new groups of residents of the Republic of Armenia are obligated to submit the annual income tax declaration for the 2024 tax year. 1. Armenian citizens who were employed ... ... operator's support staff. Connect the electronic signature service at the operator's service center or independently through payment terminals. If you have any additional questions, you can contact any mobile operator service center or reach the operator ...
01/15/2025Yerevan City Hall launches new website for easy travel ticket purchases
...," the mayor noted. Avinyan also announced that starting from January 1, 2025, the city will switch to a completely cashless payment system for public transport. "The previous tariffs will remain in effect for now. New ticketing tools will also be ... ... receiving state benefits or assistance (20% discount) Heroes of the former USSR, Socialist Labor Heroes, national heroes of Armenia, and holders of the Order of Glory (free travel) Parents with four or more children (free travel)
12/23/2024Yerevan's public transport revolution: What passengers can expect in 2025
... ticket sales points will open in Yerevan, Yerevan Municipality Press Secretary Hayk Kostanyan said in an interview with Novosti-Armenia news agency on Friday. YEREVAN, December 20. /ARKA/. Next week, public transport ticket sales points will open in ... ... also mentioned that starting from January 1, 2025, validators will be installed in all vehicles, allowing passengers to make payments using purchased tickets, applications, or QR codes. Bus Replacement Kostanyan further stated that the old “Hyundai” ...
12/20/2024Converse Bank has been included in the list of Confirming Banks of the EBRD TFP
... signed on 14th November 2024. “Confirming Bank status is highly significant for us in terms of stimulating trade financing in Armenia and the entire region”, noted Converse Bank’s Chief Financial Officer, Deputy CEO Grant Akopian. Mr. Akopian added: ... ... international trade finance operations, ensuring maximum efficiency of transaction structuring and financing alongside with covering non-payment risks. Moreover, the Bank provides assistance and guidance to its customers throughout the entire trade finance transaction ...
12/16/2024Staking on super-app and dividends: TelCell declares investors' interest in company's shares
... predicts that Armenia's financial market in the short term will follow the path of development and international integration of debt and equity instruments, which can create very broad opportunities for local businesses. Noting that a deposit is a savings ... ... both individuals and legal entities,’ he summarised. About TelCell Founded in 2007, Telcell was the first provider of payment terminal services in Armenia. Today, it operates the largest terminal network and offers a wide range of services through its Telcell Wallet electronic ...
11/04/2024Armenia’s State Revenue Committee uncovers hidden sales turnover of 300 million drams
The State Revenue Committee of Armenia recently uncovered a hidden turnover of approximately 300 million drams, according to a report from the department's ... ... entrepreneur involved in the trade of food products and household goods in the village of Karbi, Aragatsotn region, was accepting cash payments for goods sold. Instead of providing a cash register receipt, the entrepreneur offered only an internal payment document,...
10/30/2024Ardshinbank’s Private Clients Will Be Served in a Special Office
... where customers can hold meetings with their personal manager. There is also a branded meeting room for Mastercard international payment system. This will serve Ardshinbank’s premium Mastercard cardholders while giving them access to exceptional privileges ... ... insurance, lifestyle, and other areas of personal development. David Zgudadze, Mastercard’s Regional Director at Georgia and Armenia, who was in attendance commented: “We are delighted to see the opening of Ardshinbank’s new Private Banking office,...
10/21/2024Ameriabank to allocate AMD 100 million for investment and financing of students' projects
Ameriabank is launching large-scale initiatives as part of ‘My Ameria, My Armenia’ project designed to support various areas of social life and youth development, the bank's press service reported.... ... ways: opening an account with Ameriabank, ordering a card, logging in to MyAmeria, making transactions via MyAmeria, making a payment via MyPay, making a transaction on MyInvest platform and inviting friends to become Ameriabank's clients, getting a mortgage ...
10/16/2024Online taxi turnover in Armenia reaches billions of drams - SRC head
The turnover of online taxis in Armenia already amounts to billions of drams, head of the State Revenue Committee (SRC) Rustam Badasyan said on Thursday.... ... electronic cash receipts can carry out passenger transportation by taxi. According to the changes in the legislation, in case of cash payment, the state duty from 1 September 2024 is 2% of the total cost of each trip, from 1 January 2025 it will be 3.5%, from ...
10/10/2024Ardshinbank started making international money transfers via UBPay system
Ardshinbank has joined the Armenian payment and settlement UBPay money transfers system, thanks to which it is possible to carry out international money transfers between Armenia and the countries such as Russia, Greece, Cyprus, Israel, Uzbekistan and Kyrgyzstan. YEREVAN, October 5. ...
10/05/2024Ameriabank’s Special Offer for New Mastercard Holders. 1% Cashback and Lots of Gifts
Ameriabank has launched a new campaign jointly with Mastercard payment system. YEREVAN, October 3. /ARKA/. Ameriabank has launched a new campaign jointly with Mastercard payment system. ... ... Ameriabank. Follow the link for more details. About Ameriabank Ameriabank is a leading financial and technology company in Armenia, a major contributor to the Armenian economy, with assets exceeding AMD 1 trillion. In line with its Digital Transformation ...
10/03/2024We should focus on complete transformation of public services: Pashinyan on the digital transformation of Armenia
... this does not happen, then this is not digitalization, but an imitation of digitalization, which, of course, is useless," Armenian Prime Minister Nikol Pashinyan said at the Third Eurasian Economic Forum. He noted that in practice ‘’We should be ... ... available in a cross-border format only upon request. For businesses, this process can improve the methods of cross-border trade and payment of indirect taxes. Payment of indirect taxes, legality of the circulation of goods, sanitary, phytosanitary and veterinary ...
10/01/2024UBPay money transfers became available in Unibank's mobile application
Armenian payment and settlement system for money transfers UBPay and Unibank announced the launch of money transfer service from Armenia to Russia and vice versa in the mobile application UNIMobile. YEREVAN, 30 September. /ARKA/. Armenian payment and settlement ...
09/30/2024UBPay joins IAMTN Payments Network
Armenian payment and settlement system for money transfers UBPay has become a member of the International Association of Money Transfer Networks (IAMTN), Unibank said in a press release. YEREVAN, September 26. /ARKA/. Armenian payment and settlement ...
09/26/2024In August, the number of jobs in Armenia exceeded 751.8 thousand - State Revenue Committee
The number of income-generating jobs, according to income tax and social payment reports submitted by corporate taxpayers, amounted to 751,816 in August 2024, reports the State Revenue Committee of Armenia. YEREVAN, September 24 /ARKA/. The number of income-generating jobs, according to income tax and social payment reports submitted by corporate taxpayers, amounted to 751,816 in August 2024, reports the State Revenue Committee of Armenia. This ...
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