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Ameriabank 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/. 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. At the...
06/11/2025Armenian government raises maximum threshold of leasing funds for farmers to 500 million drams
Armenia has proposed raising the maximum threshold of funds available to farmers under the agricultural machinery leasing support program from 250 million drams to 500 million drams. YEREVAN, May 15. /ARKA/. Armenia has proposed raising the maximum threshold of funds available to farmers under the agricultural machinery leasing support program from 250 million drams to 500 million drams. "It is proposed to expand the opportunities for farmers to take advantage of the agricultural machinery...
05/15/2025Unibank relaunches #47 branch
Unibank has reopened the #47 branch in Yerevan, decorated in a modern style to improve the convenience of customer service, the bank's press service reported. YEREVAN, April 10. /ARKA/. Unibank has reopened the #47 branch in Yerevan, decorated in a modern style to improve the convenience of customer service, the bank's press service reported. The branch will specialize in servicing corporate clients. The address is 4/13 and 2/8 Khristafor Street, Yerevan. "We know how important quick service...
04/10/2025Real estate transactions in Armenia exceeded 19.5 thousand in February, showing a monthly decline
In February 2025, 19,551 real estate transactions were completed in Armenia, compared to 21,159 transactions in February 2024 and 15,269 transactions in January 2025. YEREVAN, April 9. /ARKA/. In February 2025, 19,551 real estate transactions were completed in Armenia, compared to 21,159 transactions in February 2024 and 15,269 transactions in January 2025. This is according to data from the National Statistical Committee of Armenia. The largest number of transactions in the reporting month occurred...
04/09/2025More than 21 thousand deals made in Armenian real estate market in November
A total of 21,030 real estate transactions were concluded in Armenia in November 2024 against 20,552 transactions in November 2023 and against 22,120 transactions in September 2024, the National Statistical Committee said. YEREVAN, 15 January. /ARKA/. A total of 21,030 real estate transactions were concluded in Armenia in November 2024 against 20,552 transactions in November 2023 and against 22,120 transactions in September 2024, the National Statistical Committee said. The most deals were made...
01/15/2025October sees decline in Armenia's real estate market with 22.1K transactions
In October 2024, 22,120 transactions were made in the real estate market in Armenia, compared to 19,815 transactions in October 2023 and 19,494 transactions in September of the same year, according to data from the National Statistical Committee of the Republic. YEREVAN, December 9. /ARKA/. In October 2024, 22,120 transactions were made in the real estate market in Armenia, compared to 19,815 transactions in October 2023 and 19,494 transactions in September of the same year, according to data...
12/09/2024Armenia records slower growth in real estate prices in September – Finance Ministry
Real estate prices in Armenia continued to rise in September, although the growth slowed compared to August. YEREVAN, December 6. /ARKA/. Real estate prices in Armenia continued to rise in September, although the growth slowed compared to August. This is mentioned in the “Review of Macroeconomic Developments: October 2024” by the Ministry of Finance of Armenia. It is noted that the growth in average market prices for apartments in multi-apartment buildings in Yerevan compared to August ranged...
12/06/2024About 21,600 transactions concluded in the real estate market of Armenia in July
According to the National Statistical Committee, 21,584 transactions were concluded in the real estate market of Armenia in July 2024, compared to 21,147 transactions in June of the same year. YEREVAN, September 6. /ARKA/. According to the National Statistical Committee, 21,584 transactions were concluded in the real estate market of Armenia in July 2024, compared to 21,147 transactions in June of the same year. The largest number of transactions were concluded in Yerevan - 5,791 (26.8% of the...
09/06/2024Armenian government approves new conditions for agri-food sector development
The Armenian government has approved new conditions for the development program in the agri-food sector during a session on Thursday. YEREVAN, August 29. /ARKA/. The Armenian government has approved new conditions for the development program in the agri-food sector during a session on Thursday. Economy Minister Gevorg Papoyan stated that the initiative aims to expand the network of slaughterhouses in Armenia and to progressively enhance the technological capabilities of businesses operating within...
08/29/2024More than 21 thousand real estate transactions were concluded in Armenia in June
... exchanges. At the same time, there were 4,580 transactions on primary registration (21.8% of the total number), 3,499 transactions on inheritance (16.5%), 3,097 transactions on pledge (14.6%), 1,948 transactions on re-registration (9.2%), 927 transactions on lease (4.4%) and 285 transactions on legalisation (1.3%). Of the total number of transactions, land transactions accounted for the largest number - 8,968 (42.4 per cent). In the reporting month of this year, there were also 4,796 transactions involving ...
08/09/2024Armenia signs 235 forest lease agreements worth 92 million drams since Q3 2022
Armenia mainly leases its forest territories to businesses in the tourism sector YEREVAN, July 15. /ARKA/. Armenia signed approximately 235 forest lease agreements, with the annual rental sum amounting to 92 million drams since the third quarter of 2022, Sevak Markosyan, director of the Armforest public agency, said at a press conference on Monday. Markosyan also noted that the investment programs approved by the departmental commission currently total around 15.1 billion drams. He explained that...
07/15/2024Lease medical equipment at 1% rate
Acba Leasing and SZ Pharma offer discounted leasing terms YEREVAN, June 10. /ARKA/. A partnership between Acba Leasing and SZ Pharma will allow Armenia’s medical companies to lease last-gen medical equipment from Europe, Japan, Canada or the US at the rate of only 1%, Acba Bank announced on Monday. “Acba Leasing and SZ Pharma have a long history of cooperation. Today we signed a memorandum which will strengthen our cooperation and offer our clients leasing options on more favorable terms. In particular...
06/10/2024Prosecutor's Office initiates criminal case over attempted sale of sports center at a price 5 times lower than its cadastral value
The Office of Armenia's Prosecutor General said a criminal case has been opened into an attempted sale of a sports center in Yerevan at a price 5 times lower than its cadastral value. YEREVAN, February 20. /ARKA/. The Office of Armenia's Prosecutor General said a criminal case has been opened into an attempted sale of a sports center in Yerevan at a price 5 times lower than its cadastral value. According to the prosecutors, the director of the National Team Sports Center CJSC, who held the position...
02/20/2024Armenian prosecutors initiate criminal investigation into illegal privatization of Yerevan's Hrazdan stadium
Armenian Prosecutor General's Office initiated a criminal case on the fact of privatization of "Hrazdan" stadium in Yerevan in 2004 at a cost that was 200 times lower than the real one. YEREVAN, February 14. /ARKA/. Armenian Prosecutor General's Office initiated a criminal case on the fact of privatization of "Hrazdan" stadium in Yerevan in 2004 at a cost that was 200 times lower than the real one. The crime was reported to the Anti-Corruption Committee.According to the...
02/14/2024Some 19,815 real estate deals concluded in Armenia in October 2023
Some 19,815 real estate deals were concluded in Armenia in October 2023, up from 17,253 deals concluded in September and 16,673 deals concluded in October last year, according to the National Statistical Committee (NSC). YEREVAN, December 6. /ARKA/. Some 19,815 real estate deals were concluded in Armenia in October 2023, up from 17,253 deals concluded in September and 16,673 deals concluded in October last year, according to the National Statistical Committee (NSC). It said the majority of the...
12/06/2023Pashinyan says agricultural lands should be consolidated to attract investments
Armenian Prime Minister Nikol Pashinyan said today in order to attract investments for the agriculture it is necessary to consolidate the fragmented land plots. YEREVAN, November 24. /ARKA/. Armenian Prime Minister Nikol Pashinyan said today in order to attract investments for the agriculture it is necessary to consolidate the fragmented land plots. "Land fragmentation appears to be the most serious problem for the development of agriculture and attraction of investments. All calculations...
11/24/2023Armenia bans real estate registration without notary because of money laundering risk
Armenian parliament on Wednesday approved an amendment to the Civil Code in the second and final reading. YEREVAN, November 22. /ARKA/. Armenian parliament on Wednesday approved an amendment to the Civil Code in the second and final reading. The legislative initiative is aimed at eliminating the risk of tax evasion and money laundering. Until now, the Civil Code allowed to register property transactions (sale, lease, etc.) in the State Committee of Cadastre without a notary certification, if...
11/22/2023About 16,700 real estate deals made in Armenia in July, 2023
Some 16,729 real estate deals were made in Armenia in July 2023, down from 19,258 deals concluded in June, according to the National Statistical Committee (NSC). YEREVAN, September 8. /ARKA/. Some 16,729 real estate deals were made in Armenia in July 2023, down from 19,258 deals concluded in June, according to the National Statistical Committee (NSC). Most of the deals- 5,080 - were made in the capital Yerevan and the least number in Vayots Dzor province - 341. Some 3,367 deals were made in Kotayk...
09/08/2023More than 9.8 billion drams worth subvention projects implemented in Armenia's Aragatsotn province in 2018-2022
More than 9.8 billion drams worth subvention projects were implemented in Armenia's Aragatsotn province in 2018-2022. The figure was announced during today's meeting of Prime Minister Nikol Pashinyan with the provincial administration in the town of Ashtarak. YEREVAN, April 3. /ARKA/. More than 9.8 billion drams worth subvention projects were implemented in Armenia's Aragatsotn province in 2018-2022. The figure was announced during today's meeting of Prime Minister Nikol Pashinyan with the provincial...
04/03/2023Acba Leasing offers purchase of Fiat trucks on lease at interest rate starting from 0%
With the aim of helping companies modernize their production capacities Acba Leasing offers to obtain Fiat trucks from Fine Cars of Armenia on lease starting from 0% actual interest rate. YEREVAN, December 10. /ARKA/. With the aim of helping companies modernize their production capacities Acba Leasing offers to obtain Fiat trucks from Fine Cars of Armenia on lease starting from 0% actual ...
12/10/2022Former Deputy Mayor of Yerevan detained on suspicion of abuse of office
Former Deputy Mayor of Yerevan Vahe Nikoyan has been detained on suspicion of abuse of office, Armenia’s Anti-Corruption Committee reported. YEREVAN, December 6. /ARKA/. Former Deputy Mayor of Yerevan Vahe Nikoyan has been detained on suspicion of abuse of office, Armenia’s Anti-Corruption Committee reported. According to it, the former Deputy Mayor is suspected of approving the payment of over AMD 3bln to Sanitek LLC and its affiliated companies for the waste management services that were not...
12/06/2022Kerobyan: It's a "golden era" for developers in Armenia
Armenian Economy Minister Vahan Kerobyan told a government session today that "now is the golden era for construction companies to get loans for upgrading their equipment because of increasing development projects both in the private and public sectors. YEREVAN, August 11. /ARKA/. Armenian Economy Minister Vahan Kerobyan told a government session today that "now is the golden era for construction companies to get loans for upgrading their equipment because of increasing development projects...
08/11/2022Ural Airlines cancels flights to Armenia and some other countries
Russian Ural Airlines has cancelled flights to Armenia, Kazakhstan, Azerbaijan and Uzbekistan, saying the decision will be in effect until October 29. YEREVAN, April 27. /ARKA/. Russian Ural Airlines has cancelled flights to Armenia, Kazakhstan, Azerbaijan and Uzbekistan, saying the decision will be in effect until October 29. An announcement on the company's website says the airline canceled the flights because of the "closure of the European airspace". No other explanations are given...
04/27/2022Business entities in Armenia can lease equipment with subsidies at rates starting from 0%
Acba Leasing Company provides business entities in Armenia with an opportunity to modernize their capacities either for setting up new or expanding existing productions as part of the government-designed program "Measures to modernize the economy," the press service of Acba bank said today. YEREVAN, April 26. /ARKA/. Acba Leasing Company provides business entities in Armenia with an opportunity to modernize their capacities either for setting up new or expanding existing productions as...
04/26/2022Armenian law to restrict exit of leased vehicles from country
A set of amendments to the Civil Code passed today in the first reading by the Armenian parliament will restrict the exit of leased vehicles from Armenia. YEREVAN, March 23. /ARKA/. A set of amendments to the Civil Code passed today in the first reading by the Armenian parliament will restrict the exit of leased vehicles from Armenia. Deputy Justice Minister Grigor Minasyan said the current law does not regulate this issue, which results in various problems, particularly, if a leased vehicle leaves...
03/23/2022Armenian government subsidizes up to 10 billion dram lease of equipment by manufacturing enterprises
The Armenian government has amended today a program developed to modernize the country’s economy, saying that under the changes manufacturing enterprises will be awarded government subsidies to upgrade their equipment. YEREVAN, January 27. /ARKA/. The Armenian government has amended today a program developed to modernize the country’s economy, saying that under the changes manufacturing enterprises will be awarded government subsidies to upgrade their equipment. "It's no secret that Armenia's...
01/27/2022Former mayor of Meghri arrested on charges of abuse of office
An Armenian court has allowed today to arrest Mkhitar Zakaryan, the former mayor of Meghri, a town in Armenia’s southern region of Syunik bordering Iran. YEREVAN, July 13. /ARKA/. An Armenian court has allowed today to arrest Mkhitar Zakaryan, the former mayor of Meghri, a town in Armenia’s southern region of Syunik bordering Iran. According to the Investigative Committee of Armenia, Zakaryan is charged with abuse of office and forgery in a case involving a lease and alienation of a land plot...
07/13/2021ACBA Leasing unveils new option for companies
ACBA Leasing said today companies wishing to expand their businesses may purchase office premises on flexible leasing terms. YEREVAN, June 4. /ARKA/. ACBA Leasing said today companies wishing to expand their businesses may purchase office premises on flexible leasing terms. “Our offer gives the opportunity to become an owner instead of renting an office premise. As with the lease, the buyer will make monthly payments. But, unlike a lease, if all the payments are successfully made, the company...
06/04/2021Armenian ex-parliament speaker's son accused of causing damage to state
Tigran Sahakyan, the son of a former speaker of the National Assembly of Armenia Galust Sahakyan, is accused of causing damage to the state in the amount of 34.7 million drams, as well as of falsifying data, the Investigative Committee reported. YEREVAN, September 1. /ARKA/. Tigran Sahakyan, the son of a former speaker of the National Assembly of Armenia Galust Sahakyan, is accused of causing damage to the state in the amount of 34.7 million drams, as well as of falsifying data, the Investigative...
09/01/202028,796 real estate transactions completed in Armenia in 2nd Q 2020
Some 28,796 real estate transactions were completed in Armenia in the second quarter of 2020, which is 38.5% less than in the same period last year, according to the report of the Cadastre Committee of Armenia. YEREVAN, August 20. /ARKA/. Some 28,796 real estate transactions were completed in Armenia in the second quarter of 2020, which is 38.5% less than in the same period last year, according to the report of the Cadastre Committee of Armenia. During the reporting period, the largest number...
08/20/2020Environment minister orders to stop lease of land and construction along lake Sevan coastline
Armenia's Environment Minister Romanos Petrosyan said in a Facebook post today that he has ordered to stop all the processes regarding lease of land plots and construction of structures along the entire coastline of Armenia's largest lake Sevan in the eponymous national park. YEREVAN, August 15. /ARKA/. Armenia's Environment Minister Romanos Petrosyan said in a Facebook post today that he has ordered to stop all the processes regarding lease of land plots and construction of structures along...
08/15/2020Government of Armenia approves measure to help winemaking and brandy producing companies
The government of Armenia has approved today a new program designed to help wine making and brandy producing companies overcome the socio-economic consequences of the coronavirus crisis. YEREVAN, August 13. /ARKA/. The government of Armenia has approved today a new program designed to help wine-making and brandy producing companies overcome the socio-economic consequences of the coronavirus crisis. It is the 24th government-designed measure to help citizens and companies navigate through the...
08/13/2020Armenian government expands benefits for agricultural lending
... Leasing was the third most popular of all lending programs in 2019 attracting as much as 9 billion drams in loans. “This year we offer co-financing through commercial banks that provide leasing. Now if a farm must pay at least 20% when buying equipment on lease, the government finances 10%. Therefore, banks will require 10% from farmers, and the remaining 90% will be distributed over the repayment years (leasing is provided for a maximum period of 8 years)," Khachatryan said. The minister said ...
04/30/2020Inecobank launches financial leasing service
Inecobank has announced today the launch of its leasing service, saying in a press release that it will provide leasing services to resident legal entities, sole proprietors and individuals engaged in agricultural activities to acquire real estate and movable property. YEREVAN, January 24. /ARKA/. Inecobank has announced today the launch of its leasing service, saying in a press release that it will provide leasing services to resident legal entities, sole proprietors and individuals engaged...
01/24/2020Armenian government to expand leasing program
An Armenian government program, designed to facilitate lease of agricultural machines and equipment by processing companies will be expanded next year, Economy Minister Tigran Khachatryan said at a government meeting on Thursday. YEREVAN, December 26. / ARKA /. An Armenian government program, designed to facilitate lease of agricultural machines and equipment by processing companies will be expanded next year, Economy Minister Tigran Khachatryan said at a government meeting on Thursday....
12/26/2019Police reveal evasion of 98 million drams in taxes
Armenian Police said a group of people running a wholesale flower market in the territory of the National Stadium in Yerevan have failed to pay a total of 98 million drams in taxes. YEREVAN, October 29. /ARKA/. Armenian Police said a group of people running a wholesale flower market in the territory of the National Stadium in Yerevan have failed to pay a total of 98 million drams in taxes. Police said in a statement today they have evidence that the flower market acted from November 2003 to July...
10/29/2019Government's decision to regulate use of water by fish farms in Ararat Valley
... encouraging the use of modern technology for recycling the used water," Khachatryan said. He said to stimulate fish farms' transition to new technologies, the government is ready to subsidize 8% of the 12% loan when fish farms buy new technology on lease. He said the government is also ready to halve the initial payment (20% of the leasing amount) and subsidize half of this amount, but no more than 6 million drams for each leasing deal. "In fact, fish farms will receive free state assistance ...
08/29/2019VTB Bank (Armenia) offers personal safe deposit boxes to clients
VTB Bank (Armenia) offers personal safe deposit boxes to clients, the bank's press office reported on Wednesday. It is possible to keep in these boxes cash, precious metals and stones, securities, jewelry, business papers, antiques, electronic data storage devices etc. YEREVAN, August 14. /ARKA/. VTB Bank (Armenia) offers personal safe deposit boxes to clients, the bank's press office reported on Wednesday. It is possible to keep in these boxes cash, precious metals and stones, securities,...
08/14/2019Veolia Jur to invest 2.7 billion drams in upgrading its networks
Amenia’s national water distributing company Veolia Jur will invest 2.7 billion drams this year in the modernization of the water supply network, the director of Veolia Jur West division Aram Sahakyan said at a press conference last Friday. YEREVAN, June 3. /ARKA/. Armenia’s national water distributing company Veolia Jur will invest 2.7 billion drams this year in the modernization of the water supply network, the director of Veolia Jur West division Aram Sahakyan said at a press conference last...
06/03/2019Armenia to set up agricultural exchange
Armenia’s government has initiated the process of creating an agricultural exchange, Agriculture Minister Gegham Gevorgyan told a press conference today. YEREVAN, March 15. /ARKA/. Armenia’s government has initiated the process of creating an agricultural exchange, Agriculture Minister Gegham Gevorgyan told a press conference today. ‘Imagine a large facility with refrigerators, scales and other infrastructures that will help establish a connection between sellers and buyers," he said. According...
04/15/2019Kinoket Production to invest 3.5 million euros in reconstruction of ArmenFilm studio
Kinoket Production company will invest 3.5 million euros in the reconstruction of the ArmenFilm Studio in Yerevan, Armenian Minister of Economic Development and Investments Tigran Khachatryan told a Cabinet session today. YEREVAN, March 21 /ARKA/. Kinoket Production company will invest 3.5 million euros in the reconstruction of the ArmenFilm Studio in Yerevan, Armenian Minister of Economic Development and Investments Tigran Khachatryan told a Cabinet session today. The government decided today...
03/21/2019Yerevan police detain 16 people who protested against dismantling of cafes near Opera House
Police in Armenia's capital Yerevan have detained today 16 people for “not complying with police officers’ lawful demands.” YEREVAN, March 14. /ARKA/. Police in Armenia's capital Yerevan have detained today 16 people for “not complying with police officers’ lawful demands.” The detainees were protesting against the decision of the Yerevan Municipality to dismantle several cafes near the Opera House, Edgar Janoyan, a police spokesman, told Novosti Armenia news agency. The dismantling of the cafes...
03/14/2019ACBA Leasing encourages private sector to invest in energy-saving projects
ACBA Leasing JSC initiated the first meeting of the beneficiaries of the three-year E-FIX grant program, which is part of Horizon 2020, the biggest EU Research and Innovation program ever with nearly €80 billion of funding, designed to encourage the private sector to invest in energy-efficient projects. YEREVAN, December 13 /ARKA/. ACBA Leasing JSC initiated the first meeting of the beneficiaries of the three-year E-FIX grant program, which is part of Horizon 2020, the biggest EU...
12/13/2018Local governments will have right to lease unused arable land
Local self-governments in Armenian communities will be allowed to lease unused privatized arable land, Acting Deputy Minister of Agriculture Garnik Petrosyan told reporters on Friday. YEREVAN, October 19 /ARKA/. Local self-governments in Armenian communities will be allowed to lease unused privatized arable land, Acting Deputy Minister of Agriculture Garnik Petrosyan told reporters on Friday. According to him, today about 50% of arable land in the country are not used, and the rest is used ineffectively...
10/19/2018Unibank offers 50% discount on lease of depository cells
In the midst of the summer vacation season the Yerevan-based Unibank has unveiled a special offer for the lease of depository cells, announcing a 50% discount on the safe storage of valuables or documents. YEREVAN, August 14. /ARKA/. In the midst of the summer vacation season the Yerevan-based Unibank has unveiled a special offer for the lease of depository cells, announcing a 50% discount on the safe storage of valuables or documents. For the convenience of its customers, the bank offers cells...
08/14/2018Armenian government to release one billion drams to subsidize agricultural leasing
The Armenian government approved Thursday the release of one billion drams to subside loans in the next 8 years to finance leasing of agricultural machinery and equipment. YEREVAN, July 20. /ARKA/. The Armenian government approved Thursday the release of one billion drams to subside loans in the next 8 years to finance leasing of agricultural machinery and equipment. Of that amount some 119.4 million drams are earmarked for this year, minister Arthur Khachatryan said. Khachatryan said the main...
07/20/2018Some 12,626 real estate transactions reported in Armenia in April 2018
A total of 12,626 real estate transactions were reported in Armenia in April 2018, by 45.3% more than in the same time span last year, according to the State Committee of Real Estate Cadastre. YEREVAN, June 25. /ARKA/. A total of 12,626 real estate transactions were reported in Armenia in April 2018, by 45.3% more than in the same time span last year, according to the State Committee of Real Estate Cadastre. During the reporting period, the largest number of transactions was registered in...
06/25/2018Unistream bank’s capital exceeds one billion Russian rubles
UNISTREAM bank said today its capital stood at one billion Russian rubles as of May, 1, 2018. YEREVAN, June 6, /ARKA/ UNISTREAM bank said today its capital stood at one billion Russian rubles as of May, 1, 2018. The normative of the bank’s H1.0 capital adequacy was 20.93% (minimum allowable value is 8%), the normative of instant liquidity H2 was 94.43% (minimum allowable value is 15 %); the normative of the current H3 liquidity was 116,045 (the minimum allowable value is 50%). The availability...
06/06/2018Real estate transactions in January surge by 42 percent in Armenia
A total of 9,140 real estate transactions were reported in Armenia in January 2018, almost by 42% more than in the same time span last year, according to the State Committee of Real Estate Cadastre. YEREVAN, March 13. /ARKA/. A total of 9,140 real estate transactions were reported in Armenia in January 2018, almost by 42% more than in the same time span last year, according to the State Committee of Real Estate Cadastre. During the reporting period, the largest number of transactions was registered...
03/13/2018Armenian government to raise efficiency of agriculture and food safety
Armenians Prime Minister Karen Karapetyan attended today the opening of ArmAgroForum conference. YEREVAN, November 8. /ARKA/. Armenians Prime Minister Karen Karapetyan attended today the opening of ArmAgroForum conference. Welcoming the attendees, he pointed out that agriculture is one of the most important branches of our economy, which provides employment, promotes income generation and enhancement of living standards in rural areas, export growth and macroeconomic stability. “We have set a...
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