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Converse Bank and EBRD sign two loan facilities totaling US$ 8 million to support MSMEs and green projects
... financing investment projects of micro, small, and medium-sized enterprises (MSMEs) in Armenia through the EU4Business–EBRD Credit Line under the EU-supported SME Competitiveness... ... effective cooperation with the EBRD,” said Mr. Grigoryan. “These new agreements will enable the Bank to significantly expand access to finance for companies operating across... ... promote low-carbon practices and climate resilience. The funding is allocated to support investments in innovative green technologies, aligning them with EU standards. The...
05/15/2025Draft of the new law "On Investments" developed by the Ministry of Economy of Armenia has been published
The draft law of the Republic of Armenia "On Investments" developed by the Ministry of Economy has been published on the e-draft.am regulatory acts platform. YEREVAN, May 13. /ARKA/. The draft law of the Republic of Armenia "On Investments" developed by the Ministry of Economy ...
05/13/2025To Europe without a visa - is it ever possible?
... measures, which does not bode well for ordinary tourists from outside. Schengen visas for Armenians are frequently issued for short durations, aligned strictly with specific... ... reliance on international creditors and thus began granting citizenship in exchange for investments. Other Caribbean nations soon followed suit. These programs gained significant... ... Currently, there are five standout Caribbean citizenship programs: St. Kitts and Nevis, Grenada, Dominica, Antigua and Barbuda, and St. Lucia. Each program has unique costs and...
05/13/2025New FEZ to be created in Myler ski resort in Armenia
The Armenian government made a decision today to create a new free economic zone (FEZ) MyLer in the Yegipatrush community of the Aragatsotn ... ... According to the rationale of the decision, the creation of the FEZ is aimed at promoting tourism, creating new jobs, attracting investments, as well as forming a healthy lifestyle by building a ski resort that meets high regional standards, which will contribute ...
05/08/2025Qatari businessmen invited to tourism exhibition in Yerevan
Armenia and Qatar are discussing ways to deepen cooperation in tourism and investment opportunities. YEREVAN, May 6. /ARKA/.... ... Tourism Committee of the Ministry of Economy of the Republic of Armenia, these issues, as well as mechanisms for promoting Qatari investments in Armenia, were discussed at a meeting between the head of the Committee, Lusine Gevorgyan, and member of the Qatar ...
05/06/2025Business Leaders from Lyon Explore Investment Opportunities in Armenia
On Friday, Armenian Minister of Economy Gevorg Papoyan engaged with a delegation of over 10 businessmen from Lyon, presenting an overview of Armenia's investment policies and the legislative framework that supports investments and business growth. YEREVAN, May 2. /ARKA/. On Friday, Armenian Minister of Economy Gevorg Papoyan engaged with a delegation of over 10 businessmen from Lyon, presenting an overview of Armenia's investment policies and the legislative ...
05/02/2025Armenia is encouraged by IMF to enhance its economic resilience and promote inclusive growth
Following their visit to Armenia from March 31 to April 10, the IMF team, led by Iva Petrova, emphasized the importance of ongoing structural reforms. ... ... on employment and exports, while also prioritizing governance reforms and modernizing bankruptcy laws to facilitate quality investments. Armenian Deputy Economy Minister Narek Hovakimyan recently highlighted that the agency is rolling out several programs ...
04/28/2025WB to provide $100 mln to Armenia to increase the role of tourism in economy and remove barriers
... approved a $100 million project to improve access to resilient infrastructure and strengthen the role of tourism in the economy of Armenia. YEREVAN, April 18. /ARKA/. The World Bank Group’s Board of Executive Directors today approved a $100 million project ... ... infrastructure and strengthen the role of tourism in the economy of Armenia. The project will create job opportunities, attract private investments, and benefit local communities and visitors in seven prioritized areas across the country. The Tourism and Regional ...
04/18/2025About $300 million invested in Armenian Police reforms from state budget over past 7 years - PM
Over the past 7 years, 121 billion drams (about $300 million) have been invested from the Armenian state budget in the reform of the Armenian Police. YEREVAN, April 17. /ARKA/. Over the past 7 years, 121 billion drams ... ... the Armenian Police. Calling the police one of the most important pillars of the state, Pashinyan pointed out that significant investments in the reform of the department were made by Armenia's international partners. According to him, new cars, equipment,...
04/17/2025Armenian government has approved a procedure for returning up to 35% of investments to film producers
At a meeting on Thursday, the Armenian government approved the procedure and conditions for a partial return of up to 35% of investments in the film production sector. YEREVAN, April 10. /ARKA/. At a meeting on Thursday, the Armenian government approved the procedure and conditions for a partial return of up to 35% of investments in the film production sector. As Armenia's ...
04/10/2025German consulting company "Berlin Economics" conducted an analysis of the Armenian economy: the Ministry of Economy discussed further plans
The independent German consulting company "Berlin Economics" has analyzed Armenia's economy and presented further plans to the Ministry of Economy of Armenia. YEREVAN, April 3. /ARKA/. The independent ... ... policy, key macroeconomic indicators, economic diversification, exports and imports, fiscal policy, attracting foreign direct investments, as well as issues related to the energy and tourism sectors. The meeting also addressed the "Crossroads of Peace" ...
04/03/2025Armenia and UAE discuss cooperation in medical and ski tourism
Armenia and the UAE are considering the prospects of cooperation in the field of tourism, particularly medical and ski tourism.... ... meetings in different formats were also discussed. The Minister emphasized that Armenia is interested in attracting foreign investments in the hotel sector both in Yerevan and in different regions of the country, which can significantly contribute to ...
03/28/2025Armenia ratifies double taxation avoidance agreement with Hong Kong
On Wednesday, the National Assembly of Armenia ratified an agreement on the avoidance of double taxation of income between the Republic of Armenia and Hong Kong during ... ... economic relations between the two countries. The agreement aims to reduce the negative impact of income tax barriers on mutual investments and trade, thereby promoting entrepreneurial activity by creating favorable, competitive conditions for foreign investments....
03/26/2025Armenian parliamentary committee approves double taxation agreement with Hong Kong
... income between Armenia and Hong Kong during a meeting on Wednesday. The issue will be presented for discussion at the next plenary session. Armenian Finance Minister Vahe Hovhannisyan stated that the agreement with Hong Kong was signed on June 14, 2024, in Yerevan. ... ... agreement aims to eliminate double taxation of income, thereby reducing the negative impact of income tax-related barriers on mutual investments and trade. This will help promote entrepreneurial activity by creating favorable competitive conditions for foreign ...
03/19/2025Risk assessment and portfolio diversification: CEO of Armenian company Cube Invest about myths and real features of investing
...," he said in an interview with the ARKA agency. Speaking about the established stereotypes around investing, especially in Armenia, Margaryan addressed five main myths. "First, I will highlight the stereotype 'Investing is for the rich.' I think ... ... can invest—today, anyone can, even with a minimal amount," he said. The second myth, according to Margaryan, is "Investments are akin to gambling." "I also disagree with this. There is serious fundamental analysis involved in understanding ...
03/10/2025EBRD launches new investment strategy for Armenia
The European Bank for Reconstruction and Development (EBRD) has published its investment strategy for Armenia for 2025-30. YEREVAN, March 5. /ARKA/. The European Bank for Reconstruction and Development (EBRD) has published its ... ... envisions a future for Armenia where inclusivity and sustainability pave the way for a robust private sector. The EBRD will channel investments with a strong emphasis on diversification and access to international markets, private-sector and capital-market development,...
03/05/2025Armenia should develop technologically: Eqwefy CEO on economic challenges and new opportunities
The investment environment in Armenia continued to develop over the past year, despite global economic challenges. YEREVAN, February 24. /ARKA/. The investment ... ... from Armenian startups with growth potential, providing them with access to a wide range of resources. How was 2024 in terms of investments? Which organizations are investing in Armenia, and have we seen individual investors emerge? S. Avetyan: A major success ...
02/24/2025EDB intends to invest $200-250 million in Armenia in 2025-2026
Armenian Finance Minister Vahe Hovhannisyan met with Yaroslav Mandron, Deputy Chairman of the Board of the Eurasian Development ... ... the Eurasian Development Bank (EDB), according to the press service of the Ministry of Finance. The counterparts discussed the investments made by the Eurasian Development Bank in Armenia, which amounted to $328 million in 2022-2024, with accumulated investments ...
02/24/2025Armenia and UAE discuss development of trade and economic relations
During his visit to the UAE, Armenian Economy Minister Gevorg Papoyan discussed the development of trade and economic relations between the two countries with ... ... al-Khaimah. The meeting also covered the specifics of Armenia's investment environment and the Agreement on Services, Trade, and Investments between Armenia and the UAE, which is aimed at promoting the development of economic relations, according to the press ...
02/21/2025Shares and bonds are the main instruments for development of Armenia's financial market - expert
At the current stage, the main instruments for the development of Armenia's financial market are shares and bonds, Armen Hovhannisyan, Director of investment banking at Dimension Investments, said in an exclusive interview with ARKA news agency. YEREVAN, February 19. /ARKA/. At the current stage, the main instruments for the development of Armenia's financial market are shares and bonds, Armen Hovhannisyan, Director of investment ...
02/19/2025Untapped 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 ... ... Armenia have shown unprecedented growth. Today, there are registered funds in the country that invest in Armenian companies. Investments are also made by funds registered outside Armenia, but founded by Armenians. If we compare it to the situation five ...
02/18/2025Armenia and U.S. discuss expansion of economic interaction
Armenian Minister of Economy Gevorg Papoyan and US Ambassador to Armenia Kristina Kvien looked today into the prospects of expanding ... ... 2023). According to the National Statistical Committee of Armenia, in the first 9 months of 2024, the total volume of American investments in Armenia stood at 11.6 billion drams, including 8.3 billion drams of direct investments. In January-September 2023,...
02/14/2025Armenia and WB discuss possible new cooperation programs
Armenian Deputy Prime Minister Mher Grigoryan and World Bank Director for the Caucasus Region Roland Pryce discussed directions ... ... reforms that would allow IFC and MIGA to attract more private capital. IFC, with its focus on the private sector, plans to boost investments in infrastructure and real sectors, including through public-private partnerships (PPPs). Under the CPF, IFC will ...
02/14/2025EU-Armenia SME Fund, managed by Amber Capital Armenia, invests USD 5.5 million in Alpha Food Service
EU-Armenia SME Fund has invested USD 5.5 million in Alpha Food Service CJSC. YEREVAN,... ... logistics center will elevate the company's role in Armenia's HoReCa and bakery sectors, enabling us to broaden our product range and provide services at a level we have always... ... equity fund managed by Amber Capital, was launched in Armenia in January 2020 with investments from the European Union (EU), European Bank for Reconstruction and Development...
02/11/2025Ameriabank raises EUR 105 million from European Investment Bank for SME financing
... deal, Ameriabank will offer affordable loans to micro, small and mid-cap companies, enabling them to invest in business growth, competitiveness and sustainable initiatives... ... to SMEs,” said Ameriabank CFO Hovhannes Toroyan. According to him, Ameriabank is Armenia's largest lender with a total loan portfolio of AMD 1.3 trillion, including... ... cooperation with international financial organizations and investors to promote green investments in the country,” he said. Since 2009, Ameriabank has raised $1.4 billion...
02/03/2025Armenian investments in Georgia increase by 40%, number of tourists from Armenia almost reaches 1 million – Kobakhidze
Georgian Prime Minister Irakli Kobakhidze, speaking Thursday at the 14th session of the Armenian-Georgian Intergovernmental Commission on Economic Cooperation in Yerevan, announced the growth of Armenian investments in his country, as well as the impressive number of tourists from Armenia visiting Georgia. YEREVAN, January 31. /ARКА/. Georgian Prime Minister Irakli Kobakhidze, speaking Thursday at the 14th session of the Armenian-Georgian Intergovernmental ...
01/31/2025EBRD reports historical highest investment in Armenia in 2024
The European Bank for Reconstruction and Development (EBRD) invested €396 million in Armenia’s economy across 19 projects in 2024, highest level of investments historically. YEREVAN, January 28. /ARКА/. The European Bank for Reconstruction and Development (EBRD) invested €396 million in Armenia’s economy across 19 projects in 2024, highest level of investments historically. George Akhalkatsi,...
01/28/2025Pension funds in Armenia will be allowed to increase investments in economies of other countries
Armenia’s National Assembly has approved today in the first reading a draft law designed by the Central Bank, which proposes to double the amount of investments that Armenian pension funds can make in other countries. YEREVAN, January 22. /ARКА/. Armenia’s National Assembly has approved today in the first reading a draft law designed by the Central Bank, which proposes to double the amount ...
01/22/2025World Bank endorsed new five-year Country Partnership Framework for Armenia
The World Bank Group’s Board of Executive Directors endorsed Tuesday a new five-year Country Partnership Framework (CPF) for Armenia. YEREVAN, January 22, /ARKA/. The World Bank Group’s Board of Executive Directors endorsed Tuesday a new five-year ... ... reforms that would allow IFC and MIGA to attract more private capital. IFC, with its focus on the private sector, plans to boost investments in infrastructure and real sectors, including through public-private partnerships (PPPs). Under the CPF, IFC will ...
01/22/2025U.S. invests $3.3B in Armenia for reforms, economy, and aid
The United States has invested approximately $3.3 billion in Armenia to support democratic reforms, economic growth and resilience, and humanitarian aid, according to a statement from the ... ... according to the National Statistical Committee of Armenia, for the first nine months of 2024, the total volume of American investments in Armenia amounted to 11.6 billion drams, with 8.3 billion drams in direct investments. These figures were 2.7 billion ...
01/15/2025Ameriabank Raises $200 Million from IFC, Marking the Largest Transaction by IFC ever with a Financial Institution in Armenia
... Corporation (IFC) to support climate finance initiatives, micro, small, and medium enterprises (MSMEs), and women-owned MSMEs in Armenia. YEREVAN, January 14. /ARKA/. Ameriabank has signed a $200 million long-term loan agreement with the International Finance ... ... businesses and people in Armenia.” In Armenia, IFC aims to close infrastructure gaps and reduce carbon footprints through investments in renewables and climate adaptation. Additionally, IFC works to improve access to finance for MSMEs and supports ...
01/14/2025Ardshinbank once again recognized as Private Bank of the Year and Retail Bank of the Year by Global Banking and Finance Awards magazine
Ardshinbank has been awarded the title of Best Private Bank Armenia for the fourth time and The Next 100 Global Awards 2024 – Retail Banking for the second time by the well-known international ... ... are presented annually and cover the global financial sector, including banking, corporate finance, Islamic finance, domestic investments, taxes and accounting, asset management, mergers, and acquisitions. The Bank is regulated by the Central Bank of ...
12/26/2024Dilijan to be transformed into a major tourist hub
An attractive tourism environment should be created in Dilijan, said Armenian Economy Minister Gevorg Papoyan. YEREVAN, December 26. /ARKA/. An attractive tourism environment should be created ... ..., but it is clear that the city needs to be elevated to a completely different level. In this regard, further infrastructure investments are of great importance. The government is also investing through subsidy programs,” Papoyan noted, speaking the ...
12/26/2024Armenian banking system profit in 2024 to exceed 300 billion drams
The profit of Armenia's banking system in 2024 will exceed 300 billion drams, said Martin Galstyan, Chairman of the Central Bank of Armenia.... ... September amounted to 10,144.1 billion drams (a 10.5% increase compared to the beginning of the year). The volume of bank credit investments, net of reserves, amounted to 5,758.4 billion drams, showing a 14.5% increase since the start of the year. Total liabilities ...
12/24/2024Trade turnover between Russia and Armenia doubles to $10.2 billion - Overchuk
Trade turnover between Russia and Armenia in the first 10 months of 2024 reached $10.2 billion, which is twice as much as in the whole of 2023, Russian Deputy Prime ... ... settlements has reached 96.3%. Overchuk also noted that at the moment, Russia is one of the main investors in Armenia. "Our investments in the industrial projects in Armenia have reached $3.4 billion. More than 40 large Russian companies operate in Armenia....
12/20/2024Armenian government allocates AMD 31.8bn for subvention projects in regions in 2024
Armenian Minister of Territorial Administration and Infrastructure David Khudatyan told a government session on Thursday that ... ... sum of the projects exceeds AMD 50 billion. In his turn, Prime Minister Nikol Pashinyan highlighted the importance of these investments and said that it is one of the most important tools for proportional development of the regions. At the same time,...
12/19/2024Agro-sector and investments: Armenia and China discuss strengthening trade and economic ties
Armenian-Chinese trade and economic relations were discussed by Armenian Deputy Minister of Economy Tatevik Sargsyan and the delegation ... ... Ministry of Commerce at a meeting held yesterday at the Armenian Ministry of Economy. Expanding cooperation in the agro-sector and investments, considering untapped potential, were also discussed, according to the press service of the Armenian Ministry of Economy....
12/12/2024EDB excludes risk of “overheating” in Armenian economy from construction and lending (EXCLUSIVE)
There is no risk of “overheating” in the Armenian economy due to increased investments in construction and lending. YEREVAN, December 12. /ARKA/. There is no risk of “overheating” in the Armenian economy due to increased investments in construction and lending. This was stated by Alexei Kuznetsov, head of the EDB's analytical ...
12/12/2024Central Bank head disagrees that MiCA-like regulation of cryptocurrencies could scare away potential investors
The head of the Central Bank of Armenia Martin Galstyan disagrees with claims that MiCA-style cryptocurrency regulation could scare away potential investors. ... ... Armenian banking system, the questions arising in this sphere will get quite simple answers, and people will be able to make investments in crypto-assets,’ Galstyan said. The Central Bank Chairman also said that the draft law on regulation of this sphere ...
12/10/2024Armenia to receive $100m from World Bank for creation of tourism clusters
The World Bank plans to provide $100 million to Armenia for the creation of tourism clusters, Armenian Minister of Economy Gevorg Papoyan said at a meeting with the founder and ... ... international cooperation. The Minister noted that the government plans to develop the potential of the sector through systematic investments and expansion of infrastructures. He emphasised the importance of strengthening Armenia's position in international ...
12/10/2024EDB investments in 2024 total $2.3B, with $436M in Armenia, Kyrgyzstan, and Tajikistan
... the year's results. "The total investment volume for the year reached $2.3 billion. The current investment portfolio in Armenia, Kyrgyzstan, and Tajikistan amounted to $436 million, an increase of 1.5 times compared to 2023. Net profit for the first ... ... question from the ARKA news agency, stated that the EDB plans to invest $200-250 million in Armenia in 2025-2026. The total investments of the EDB in Armenia in 2022-2024 amounted to $328 million, and the accumulated investments totaled $488 million....
12/06/2024EDB to invest $200-250 million in Armenia in 2025-2026 – Deputy Chairman
... Eurasian Development Bank (EDB) plans to invest between $200 million and $250 million in Armenia in 2025-2026. ALMATY (Kazakhstan), December 5. /ARKA/. The Eurasian Development... ... agency. “In 2025, we will make a decision regarding the Electric Networks of Armenia (ENA),” Mandron said, adding that the bank is focusing on Armenia's energy sector,... ... complex is also being considered. Mandron emphasized that in Armenia, the EDB focuses on investments in the real sector and integration. "The EDB's total investments in...
12/05/2024Profitability of Armenian pension funds reached 7.8% - Central Bank of Armenia
The profitability of Armenian pension funds is estimated at approximately 7.8%, Vigen Shahnazaryan, Head of the Securities Market Department of the ... ... drams, with 20%, or more than 200 billion drams (approximately $500 million), generated through profit, primarily from domestic investments. "If we consider last year's profitability, about a third of the 15% was driven by investments in foreign assets,...
11/28/2024EBRD: Armenian authorities to strengthen economic stability
The Armenian authorities need to do more to improve the quality of regulation, strengthen institutional capacity and enhance government ... ... agenda can improve energy resilience of the country bearing in mind favourable natural conditions. We are ready to support the investments in solar energy, upgrading the transmission network and building more interconnections with neighbouring countries....
11/27/2024EBRD expected to approve Armenia Country Strategy in first quarter of 2025
The European Bank for Reconstruction and Development (EBRD) is keen to maintain the momentum of elevated investments in Armenia in years to come, EBRD Managing Director for Turkey and the Caucasus, Elisabetta Falcetti said in an exclusive interview with the ARKA news agency. YEREVAN, November 26. /ARKA/. The European Bank for Reconstruction and Development (EBRD) ...
11/26/2024EBRD has invested record 2.4 billion euros in Armenia - EBRD Managing Director for Turkey and Caucasus (EXCLUSIVE)
In an exclusive interview with the ARKA news agency EBRD Managing Director for Turkey and the Caucasus, Elisabetta Falcetti speaks about the bank's investments and goals in Armenia, as well as its priorities and future programs. YEREVAN, November 26. /ARKA/. In an exclusive interview with the ARKA news agency EBRD Managing Director for Turkey and the Caucasus, Elisabetta Falcetti speaks about the bank's investments ...
11/26/2024Armenian Parliament considers transforming EFSD into independent structure
The Armenian parliament committee on financial and budgetary affairs has considered the issue of transforming the Eurasian Fund for ... ... is engaged largely in financing private projects, while the EFSD in ensuring the financial stability of the region. The total investments in the charter capital of the fund stands at $8.513bn, of which $1m is Armenia's share, while EFSD’s loan portfolio ...
11/25/2024Armenian pension funds may increase investments abroad
The Central Bank of Armenia presented a draft law to the parliamentary committee on financial and budgetary issues, proposing to double the amount of investments that Armenian pension funds can make in other countries YEREVAN, November 23. /ARKA/. The Central Bank of Armenia presented a draft law to the parliamentary committee on financial and budgetary issues, proposing to double the amount of ...
11/25/2024Russian investments in Armenia total around $4 billion – Kopyrkin
The total amount of accumulated Russian investments in Armenia is approximately $4 billion, Russian Ambassador to Armenia Sergey Kopyrkin, in an interview with ‘’Izvestia’’. YEREVAN, November 25. /ARKA/. The total amount of accumulated Russian investments in Armenia is approximately $4 billion,...
11/25/2024Armenia counts on DFC's contribution to financing of SME, capital market and agro sector- minister
Armenian Economy Minister Gevorg Papoyan and Kenneth Angel, Managing Director of the U.S. International Development Finance Corporation ... .... DFC also provides financing for small businesses and women entrepreneurs in order to create jobs in emerging markets. DFC investments adhere to high standards and respect the environment, human rights, and worker rights. -0-
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