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Singapore-based multinational Trafigura interested in projects in Armenia
... capital exceeds $16.2 billion, and its assets amount to $82.1 billion. The Trafigura Group comprises industrial assets and operating companies, including multi-metal producer Nyrstar, fuel storage and distribution company Puma Energy, joint venture Impala Terminals, and Greenergy, a supplier and distributor of transport fuels and biofuels. The group has more than 13,000 employees, of whom more than 1,400 are shareholders, and operates in more than 150 countries.-0-
07/02/2025ACBA Bank summarizes the results of 2024
... 931.7 billion AMD • Capital growth - 22.8%, reaching 163.4 billion AMD • Loan portfolio growth - 16.8%, reaching 629.3 billion AMD • Growth in deposits and issued bonds - 18.9%, reaching 623.5 billion AMD • Market leader in the number of POS terminals, ATMs and issued cards • The number of acba digital users increased by 37.9%, reaching about 530,000. Innovation, internal efficiency and sustainable development are at the core of ACBA Bank's 2025 strategy. It is planned to significantly ...
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 customers a seamless and efficient banking experience. It features multifunctional terminals that operate 24/7, enabling clients to complete financial transactions even outside regular business hours. Located in the Malatia-Sebastia administrative district at 24/1 Zoravar Andranik, the branch operates Monday to Friday from 9:15 AM to ...
06/18/2025City hall is going to cancel paper QR codes for public transport tickets
... Avinyan said at a working meeting in the city administration on Monday. Therefore, as he noted, it will be necessary to work out with partners from the Telcell payment company (which services the ticket system in Yerevan via a mobile application and terminals - ed.) the issue of from what month this decision will be put into effect. On the unified ticket system Since February 1, a unified ticket system has been fully operational in Yerevan, according to which cash payments are no longer possible ...
06/16/2025Cashback for All Ardshinbank Mastercard Cardholders
... meaningful collaboration. During this campaign, all Ardshinbank Mastercard holders who make non-cash payments via Ardshinbank POS terminals between June 2 and September 2 at Park Cafe, Syrovarnya, T Philosophy, August, Ramen-Ten, Keg & Barrel, Zazoo, Persona ... ... the Mastercard card account used for the payment. Please note that Ardshinbank cards can be obtained at any of the Bank’s branches or through the Mobile Banking app, by completing online verification and becoming a client anytime, anywhere. For ...
06/05/2025Yerevan municipality increases number of beneficiaries and free transport users
... the unified ticket system has been fully operational in Yerevan. Under this system, cash payments are no longer accepted on buses, trolleybuses, and the metro. Several payment options are available, including paper tickets with a QR code (from TelCell terminals), the TelCell Wallet mobile application, bank cards, and permanent plastic travel cards. The following fare packages are available: 150 AMD – 1 trip 280 AMD – "90 minutes" package (3 trips) 1500 AMD – Multi package (10 trips) ...
02/11/2025Galstyan: Public transport fare increase in Yerevan may raise inflation by 0.1% maximum
... 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 a QR code (from TelCell terminals), the TelCell Wallet mobile app, bank cards, and permanent plastic travel cards. The following fare packages are available: 150 AMD - 1 trip 280 AMD - "90 minutes" package / 3 trips 1500 AMD - Multi package / 10 trips 880 AMD - 1 day ...
02/04/2025Yerevan mayor says there will be no “return to 100 dram” public transport fares
... some have been boarding without paying. 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 options - paper tickets with a QR code (via TelCell terminals), the TelCell Wallet mobile application, bank cards and permanent plastic travel cards. The following tariff packages are available: * 150 AMD - 1 trip * 280 (300) AMD - "90 minutes" package / 3 trips * 1500 AMD - "Multi" ...
02/03/2025Yerevan residents continue boycott of new public transport fares
... 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 options - paper tickets with a QR code (via TelCell terminals), the TelCell Wallet mobile application, bank cards and permanent plastic travel cards. The following tariff packages are available: * 150 AMD - 1 trip * 280 (300) AMD - "90 minutes" package / 3 trips * 1500 AMD - "Multi" ...
02/03/2025Yerevan Council of Elders discusses price of one trip at 150 AMD and extension of unlimited packages
... Since January 1, 2025, Yerevan has implemented a unified ticket system, which means cash payments are no longer accepted on buses, trolleybuses, and the metro. Several payment methods are available: paper single-use tickets with a QR code (from TelCell terminals), a mobile app, permanent travel cards, and bank cards. Starting February 1, with the full launch of the unified ticket system, several fare packages will be available: 280 (300) drams - for the "90 minutes" package (3 trips) 880 (900) ...
01/31/2025Avinyan reported changes in the cost of transport tickets in Yerevan (VIDEO)
... January 1, 2025, Yerevan introduced a unified ticket system, which means cash payments are no longer accepted on buses, trolleybuses, and the metro. Several payment methods are available, including paper one-time tickets with QR codes (from TelCell terminals), a mobile app, permanent transport cards, and bank cards.-0-
01/29/2025Yerevan Mayor orders phased introduction of unified transport system
... System Since January 1, 2025, a unified ticket system has been in operation in Yerevan, eliminating cash payments on buses, trolleybuses, and the metro. Several payment methods are now available: paper single-use tickets with a QR code (from TelCell terminals), a mobile app, permanent transport cards, and bank cards. Starting February 1, with the full launch of the unified ticket system, several pricing plans will be available: 280 (300) drams for the "90-minute" package (3 trips) 880 (900) ...
01/27/2025Speaker of the NA justifies Yerevan's public transport fare increase
... 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 with a QR code (from TelCell terminals), a mobile app, permanent travel cards (transport cards), and bank cards. Starting February 1, with the full launch of the unified ticket system, several tariff plans will be available: 280 (300) drams - for the "90-minute" package ...
01/21/2025Who must submit 2024 income tax returns and how – clarifications from Armenia's State Revenue Committee
... these steps: Have your identification card (ID Card) with you. If you don’t have one, you can obtain it at any territorial branch of the Migration and Citizenship Service of the Ministry of Internal Affairs of the country. Visit any service center of ... ... 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 through ...
01/15/2025From February 1, only short-term "90-minute" transport tickets will be available for purchase from terminals in Yerevan
Starting from February 1, only the "90-minute" ticket with a short-term QR code (valid for up to 90 minutes) will be available for purchase from terminals in Yerevan. This was announced by the city's mayor's office. YEREVAN, January 13. /ARKA/. Starting from February 1, only the "90-minute" ticket with a short-term QR code (valid for up to 90 minutes) will be available for purchase ...
01/13/2025Yerevan City Hall outlines 4 ways to acquire transport passes
... (plastic) and electronic tickets. YEREVAN, January 13. /ARКА/. The Yerevan City Hall has outlined four ways to purchase transport passes: physical (plastic) and electronic tickets. "Currently, transport passes can be purchased at self-service terminals at all 10 Yerevan Metro stations, located next to the ticket offices. They need to be identified and registered (on the website transport.yerevan.am - ed.)," said Sargis Manukyan, Director of the Yerevan Management Technology Center, at ...
01/13/2025Yerevan vice mayor explains QR code validity cut to 4 days
... only 2 hours after purchase. "If citizens want a long-term ticket, such as one for 30 days, they will either need to buy a package on the unified ticket system website, transport.yerevan.am, or purchase at least 10 tickets through the TelCell app/terminals," Grigoryan said at a press conference. He also emphasized that the decision to shorten the ticket validity period was not made by TelCell. "All the money goes to the city hall’s budget. TelCell has no financial interest in reducing ...
01/09/2025Yerevan Municipality presents explanations on how to prepare for unified ticket system with new fares
... has been in force in Yerevan, which no longer allows cash payment on buses, trolleybuses and the metro. in order to make the transition period as easy as possible, until February 1 it is possible to buy a ticket via Telcell Wallet and Telcell payment terminals at the following prices: 100 drams for buses and subways, 50 drams for trolleybuses," said Hayk Kostanyan, spokesman for the Yerevan city administration. He presented steps to prepare for a unified ticketing system with new fares. Via the ...
01/07/2025Validity of QR codes for Yerevan public transport reduced
... YEREVAN, January 7. /ARKA/. Yerevan residents are expressing frustration as the validity period of QR codes for public transport has unexpectedly been reduced without prior notice. Previously, a 100-dram ticket for one trip, obtained from TelCell terminals, was valid for 30 days. This period was later shortened to 7 days, and the city authorities informed residents about the change in advance. However, since January 6, the QR code for the 100-dram ticket is valid for only 4 days, with no prior ...
01/07/2025Yerevan City Hall launches new website for easy travel ticket purchases
... added. About the Unified Ticket System Currently in Yerevan, a single trip on the bus and metro costs 100 drams, while a trip on the trolleybus costs 50 drams. Since November 1, payment for travel is only possible with 100-dram coins or through payment terminals, and from the end of November, bank cards are also accepted. According to the City Hall project, starting January 1, 2025, the cost of travel tickets will be as follows: 280 (300) drams - for a "90-minute" ticket (3 trips) 880 (900) ...
12/23/2024Yerevan Municipality proposes to maintain fares for single trips on buses and metro until February 1
... due to the complete transition to the single ticket system, payment with 100 dram coins will no longer be possible from January 1, 2025. "Passengers will be able to pay in three ways - through the Telcell Wallet application, paper QR codes from terminals and bank cards," the press secretary noted. Kostanyan added that starting in January, it will be possible to purchase transport cards that will allow topping up one’s preferred ticket packages. "A new website will be launched for ...
12/20/2024Yerevan's public transport revolution: What passengers can expect in 2025
... said. On the Unified Ticketing System Currently, a single ride on a bus or metro in Yerevan costs 100 drams, while a ride on a trolleybus costs 50 drams. Since November 1, payment for transportation is only accepted in 100-dram coins or through payment terminals, and since the end of November, payments can also be made with bank cards. According to the municipality's project, starting from January 1, 2025, the cost of travel tickets will be as follows: 280 (300) drams - "90 minutes" ticket ...
12/20/2024Share of Yerevan residents paying bus fares with a QR code has significantly increased
... same; and on November 3, out of 176.6 thousand, 46.1 thousand (26.1%) paid this way. From November 1, payment for travel on MAN, ZhongTong, and GazelCity buses can only be made using 100-dram coins or QR codes (from a mobile app or a paper printout from terminals). -0-
11/04/2024Italian company Systematica to develop transport system for Academic City in Yerevan
... territory of the Academic City at all or it will be limited. 'It is for this purpose that a ring road will be built around the Academic City. At the same time, it is also necessary to think about how to provide access to the city from railway stations, bus terminals as well as airports.' Pashinyan said. According to the government plan, the Academic City is to house all the universities and research institutes of Armenia. It is being developed by the German company gmp International GmbH Architects and ...
10/17/2024Yerevan Metro switches to single ticket system by end of October, abandoning payment with tokens
... Monday. According to him, currently each metro station has one turnstile for payment with tokens. "This is necessary so that passengers can smoothly adapt to the new QR code system. The latter are available through a mobile application, as well as terminals and metro ticket offices," Sedrakyan explained at a meeting at the mayor's office. He reported that over the past week, the metro has transported 582,622 passengers, of whom more than 350,000 have already used the new payment system. ...
10/07/2024Yerevan City Hall considers tightening cash payment mechanisms on buses
... instructing the responsible services to speed up preparations for the launch of the system. The pilot project for the introduction of a single ticket system for public transport was introduced in September 2023. As part of the main program, special equipment (terminals for tickets via QR code) is installed in buses, metro, trolleybuses. -0-
09/23/2024Yerevan to install 50 new bus shelters equipped with payment terminals by year-end
Yerevan is set to install 50 new bus shelters equipped with payment terminals by the end of the year YEREVAN, August 26. /ARKA/. Yerevan is set to install 50 new bus shelters equipped with payment terminals by the end of the year, the city's Deputy Mayor Suren Grigoryan announced on Monday. Grigoryan mentioned that ...
08/26/2024Yerevan mayor: transition to new unified ticketing system in Yerevan slated for January next year
... conference on Wednesday. According to him, the so-called ‘trial phase’ of the system is currently underway. ‘We are considering and solving existing problems before the full transition to the new system. It will be possible to buy tickets through terminals. It will also be possible to buy a ticket or pay with a bank card directly using the system. It will also be possible to use ticket cards. We want to bring this system to full readiness to make sure that everything works, t5hat all the problems ...
07/24/2024Introduction of unified system of public transport ticketing in Yerevan may be delayed - deputy mayor
... this year. "Nevertheless, we continue to work with suppliers to bring these deadlines closer," Grigoryan said. A pilot project to introduce a unified ticketing system for public transport was implemented in September 2023. Special equipment (terminals for selling tickets by QR code) was installed in buses, trolleybuses and metro. -0-
06/17/2024VTB (Armenia) launches children's deposits
... capitalisation, the deposit amount may reach 5.1 million drams by the child's adulthood,’ commented Taras Kladchenko, Deputy General Director of VTB (Armenia). Opening deposits for VTB (Armenia) customers is available through remote channels, video banking and branches. Deposits can be replenished through the bank's digital services, TelCell and EasyPay payment terminals, as well as at Haypost post offices. Savings of individuals are guaranteed by the Deposit Compensation Guarantee Fund, limits are set depending on the deposit amount. Income tax on interest on deposits is 10 per cent per annum. The activities ...
05/31/2024VTB (Armenia) renews line of deposits for clients
... total volume of time deposits of the population exceeded AMD 80 billion, 93% of which are in the national currency," commented Taras Kladchenko, Deputy General Director - Chairman of VTB (Armenia). One can open a deposit at VTB (Armenia) in any branch or remotely in "Video Banking". Its replenishment is available in the bank offices, through TelCell and EasyPay payment terminals, as well as in Haypost post offices. When making a deposit of AMD 1 mln or the equivalent amount in foreign currency, the client is provided with a debit card with free service and withdrawal of funds from the bank's ATMs for the deposit period....
04/23/2024In 2023, the SME Loan Portfolio of Ameriabank Reported More Than 30% Growth
... year Ameria Business has been enriched with two more services. Thus, it is now possible to activate a POS terminal on a cash register and order a handheld POS terminal via business.ameriabank.am . In both cases clients can apply online, activate POS terminals at several addresses at a time, and track the application status online. Ameriabank CJSC Ameriabank is a leading financial and technology company in Armenia, a major contributor to the Armenian economy, with assets exceeding AMD 1 trillion. ...
03/21/2024VTB (Armenia) will continue servicing "Mir" cards, restrictions are possible in POS-terminals and ATMs of other banks
... that from March 30, 2024 holders of VTB "Mir" cards may face restrictions when making non-cash payments through POS-terminals or withdrawing cash from ATMs of other Armenia-based banks. The bank said that possible restrictions will not affect ... ... before, you can receive your pensions and allowances in our bank," the bank said in a statement. VTB (Armenia) operates 53 branches in Armenia, 22 of which are located in Yerevan, as well as 190 ATMs throughout the country. The activities of VTB Bank ...
03/19/2024Almost all Armenian banks will stop servicing Russian Mir cards
... almost all Armenian banks will stop servicing Russian Mir cards. YEREVAN, March 19. /ARKA/. Russian Business Consulting (RBC) news agency reports that almost all Armenian banks will stop servicing Russian Mir cards. According to RBC, ATMs and POS-terminals of most Armenian banks will stop servicing cards of the Russian payment system "Mir" from March 30, 2024. The exception is ATMs and POS-terminals of VTB Armenia Bank (a subsidiary of Russia's VTB). This news was also confirmed by RBC's ...
03/19/2024Ardshinbank cardholders can now enjoy a 10% cashback!
... According to the promotion's rules, Ardshinbank cardholders who make cashless purchases from March 25th to March 31st at DANZ, Carpisa, Geox, Ecco, Clarks, Scarpe multibrand, Original Marines, Springfield, and Women'secret stores using Ardshinbank POS terminals will receive a 10% cashback. Rest assured, the 10% cashback will be credited directly to your card account by April 30th, making it a hassle-free process. The offer is valid for the entire range of goods. Cashback is only provided for the duration ...
03/18/2024Le Figaro reports about French arms supplies to Armenia
... supply defense equipment. In November 2023, the French and Armenian defense ministers signed a memorandum of understanding on future deliveries of French Mistral short-range air defense systems. The Georgian service of Radio Liberty reported that APM Terminals Poti, the company that manages the port of Poti in Georgia, has confirmed the transit of French Bastion armored vehicles destined for Armenia. -0-
02/22/2024The impact of technology on financial market. Would you trust robots with your money?
... getting a large profit in a relatively short period of time - online transactions, without the need to execute documents at a bank branch - small amounts can be invested - the interest rate at which the investor lends money is higher than for bank deposits ... ... of mobile applications Brokerage organizations offer their clients various means for making transactions. While in the past terminals - special software or separate websites - were common, now the focus is more on the development and improvement of mobile ...
02/21/2024Fitch Upgrades ACBA Bank to 'BB-'; Outlook Stable
... return on assets and return on equity of 3.9% and 23.6%, respectively; - Deposit portfolio growth of 18.6%' - Growth in the number of cards by approximately 35,300 - the first position in the market' - Increase in the volume of transactions made via POS terminals by about 44% compared to the previous comparable period' - Dividends amounting to AMD 4.4 bln were paid to the shareholders. Besides, the bank's assets increased by 17.8%, capital - by 21.8%. The bank is controlled by the Central Bank of Armenia....
02/09/2024Yevgeny Motovilov appointed head of VTB (Armenia) corporate business
... cooperation. We plan to continue to increase our presence in the market of business services and attract new partners," said Yevgeny Motovilov, Deputy General Director - Chairman of VTB Bank (Armenia). Today VTB (Armenia) clients have access to 53 branches throughout the country, including a specialized office for servicing legal entities in Yerevan, as well as more than 190 ATMs and about 50 service terminals. The activities of VTB Bank (Armenia) CJSC are regulated by the Central Bank of Armenia.-0-
11/30/2023Unified fare payment system launched at Yerevan Metro
... today. YEREVAN, November 27. /ARKA/. A unified fare payment system was launched at Yerevan Metro (subway), Acting Metro Director Babken Sedrakyan said today. He told a meeting of the Council of Elders (municipal assembly) that about 20 payment terminals and validators have been installed at 10 stations for contactless payment of fare. The Yerevan Metro launched in 1981 runs on a 13.4 kilometer line and currently serves 10 active stations. -0-
11/27/2023Ardshinbank opens "Vardanants" branch to serve small and medium-sized businesses
... services to individuals, offering a comprehensive range of modern banking solutions provided by Ardshinbank. Clients of the “Vardanants” branch are offered the most accessible and flexible credit services in both short and long-term perspectives. The branch offers a variety of payment methods, including digital POS terminals, salary project services, and a diverse range of bank cards. Inside the branch, clients have access to an ATM and payment terminal. Furthermore, clients can enjoy the convenience of online banking services, eliminating the need to visit the ...
11/17/2023Ardshinbank offers "Standard" and "Standard+" packages for individual entrepreneurs and small and medium-sized enterprises
... includes: Opening and maintenance of bank accounts (regardless of currency, with no limit on the number) Issuance of Visa Gold cards (for individuals) and Mastercard Business cards Activation and maintenance of Internet banking services Activation of POS terminals The "Standard+" package includes: Opening and maintenance of bank accounts (regardless of currency, with no limit on the number) Issuance of Visa Gold cards (for individuals) and Mastercard Business cards 2 transfers per month outside ...
10/24/2023Yerevan lunches unified ticketing system for public transportation
... permanent tickets, bank cards and TelCel mobile application will be allowed. In the first stage, after the equipment is installed, only tickets with one-time QR codes will be available for trips, which can be purchased through the mobile application or from terminals. The mayor's office warned that there may be some difficulties at the initial phase in using the new equipment and maintaining the system. -0-
09/15/2023Ara Avagyan appointed CEO - Chairman of VTB (Armenia) Directorate
... market of the country by attracting new clients, transforming our network and launching new products and services," said Ara Avagyan. VTB (Armenia) has been a subsidiary of Russia's VTB Bank since 2004. Clients of all segments have access to 53 branches, over 200 ATMs and more than 50 self-service terminals throughout the country. The activities of VTB Bank (Armenia) CJSC are regulated by the Central Bank of Armenia. -0-
09/13/2023VTB (Armenia) unveils new head office in Yerevan
... in comparison with the same period last year. At the end of the 1st quarter of this year the number of the bank's corporate clients exceeded 11 thousand, and the number of retail clients exceeded 380 thousand. Today they have access to more than 50 branches throughout the country, more than 200 ATMs and about 50 service terminals. VTB Bank (Armenia) is regulated by the Central Bank of the Republic of Armenia. -0-
06/16/2023Ardshinbank has opened a new branch in “Multi Magic Mall” shopping center
... medium businesses operating in the shopping center and in the neighborhood, who will be offered affordable and flexible credit products, such as business cards, short-term and long-term loans, as well as devices for accepting payments - digital POS terminals. “There is always a large flow of buyers in shopping centers, so the bank's branch will certainly be in demand,” mentioned Artur Hakobyan, a member of the Management Board of Ardshinbank, Director of SME Business “We try to provide maximum comfort for our customers. Having a service point in the shopping center expands and ...
04/29/2023VTB (Armenia) raises rates on deposits in AMD
... deposits. We expect this trend to continue in the second half of the year as well," said Deputy CEO and Chairman of VTB (Armenia) Taras Kladchenko. Customers of VTB (Armenia) can open deposit accounts through remote channels, video banking and branches. Deposits can be replenished through the bank's digital services, payment terminals TelCell and EasyPay, as well as in HayPost postal offices. Savings of individuals are guaranteed by the Deposit Guarantee Fund, the limits are determined depending on the amount of placed funds. Income tax on interest on deposits is 10% per ...
04/26/2023Acba Bank presented unique fintech solutions at DigiTec22
... day. This gives opportunity to our employees to engage in creative work," said Arsen Melkonyan, Acba Bank Deputy Chief Executive Director for Coordination of Business Functions. "The Acba MAX platform is revolutionary in the market of bank terminals, because we have managed to integrate the payment system into the ATM and get a multi-functional system on one device," Tigran Simonyan, Deputy Chief Executive Officer for Platforms and Technology Development said, adding that in order ...
03/13/2023Ameriabank unveils special offers for new clients of new branch in Avan district of Yerevan
... branches, one of which in Davtashen district. "Despite the fact that all the services provided by the bank are available online, the branch network is expanding taking into account the high demand from people," he said. He pointed out that the branch in Avan stands out with its new design and is equipped with a large number of self-service terminals, which customers can use independently to perform various operations such as replenishing bank and card accounts, repaying loans and others. "The branch is comfortable enough; we have seen a large flow of clients over a few days of work,...
02/15/2023Armenia presents "dry port" project to Dubai DP World
... park) would resolve one of the most important problems - the country's poor logistical connection with the world. "The industrial parks are created to provide industrial companies with necessary infrastructures. They serve also as logistic centers, terminals for containers, which are used to transfer cargo from one mode of transport to another with minimum costs," the minister said. The "dry port" project was preliminary approved by the Investment Committee under the Prime Minister....
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