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Economy
14:30 18/11/2024Armenian government gained no profits from ZCMC stake in two years, hides behind private companyAfter acquiring a stake in the Zangezur Copper Molybdenum Combine (ZCMC), the Armenian government has gained no profits from its shares although the mining enterprise is listed among Armenia’s top...
16:50 13/11/2024Acba bank and American Express expand collaboration in ArmeniaAcba bank and American Express have announced an expansion of their long-standing agreement which grants Acba the license to issue American Express Cards and acquire American Express-accepting...
13:08 12/11/2024Bitcoin tops $89,000Bitcoin’s record-breaking rally took the digital asset past $89,000 and lifted the overall value of the crypto market above its pandemic-era peak as traders bet on a boom under President-elect Donald...
14:36 07/11/2024Armenia to take €236 million loan from EIB for North-South road constructionThe European Investment Bank (EIB) is lending €236 million to Armenia to finance the construction of the Sisian-Kajaran road.
16:45 29/10/2024Economist deplores CBA's ‘poor’ monetary policyEconomist Suren Parsyan has called out the Armenian Central Bank’s “poor” monetary policy which, he claims, affects local producers.
13:45 29/10/2024Armenia's Central Bank reduces refinancing rate by 0.25 ppAt its meeting on Tuesday, the Board of the Central Bank of Armenia decided to decrease the key policy rate (refinancing rate) by 0.25 percentage points, setting it at 7.25 percent.
13:52 28/10/2024Armenia's defense spending set for rise in 2025, minister saysArmenia’s public expenditures are projected to rise by 5.4 percent to around 733 billion drams in 2025, Minister of Economy Vahe Hovhannisyan said on Monday.
15:11 25/10/2024Armenia's SRC thwarts cigarette smuggling from IranThe State Revenue Committee (SRC) of Armenia has foiled an attempt to smuggle a large shipment of cigarettes from Iran into Armenia.
16:00 22/10/2024IMF reaches staff level agreement with ArmeniaAn International Monetary Fund (IMF) team, led by Iva Petrova, visited Yerevan from September 18 to October 1, 2024, and held further virtual discussions afterwards for the fourth review under the...
14:52 22/10/2024Converse Bank and Kapitalbank signed a cooperation agreement at Sibos 2024Converse Bank PJSC has signed a framework agreement with the Uzbek JSCB Kapitalbank during the Sibos 2024 international conference, held in Beijing, Converse Bank said in a press release on Tuesday.
11:24 22/10/2024World Bank reports 5.5% contraction in mining in ArmeniaIn August, growth in Armenia’s economic activity slowed to 5.6 percent (yoy), down from 6.2 percent (yoy) in July, the World Bank said in its monthly economic update.
14:04 21/10/2024Ruben Vardanyan no longer Kamaz co-ownerBusinessman and philanthropist Ruben Vardanyan, who is illegally imprisoned in Azerbaijan, is no longer listed among the co-owners of Avtoinvest LLC, a shareholder of Russia's largest truckmaker,...
11:34 17/10/2024Armenian deputy PM off to MoscowArmenia's Deputy Prime Minister Mher Grigoryan has travelled to Moscow to attend a session of the Eurasian Economic Commission Council on October 17-19.
14:05 16/10/2024Women in Armenia earn around 30% less than men for same work, report revealsLess than half of working age women in Armenia participate in the labor force mainly due to caregiving responsibilities for children and disabled family members.
13:04 10/10/2024Armenian government allocates 1.4 billion drams for subvention schemesThe Armenian government on Thursday approved a decision to allocate around 1.4 billion drams for the implementation of subvention schemes.
14:30 09/10/2024Ameriabank’s new offer: draw of investment portfolios for AMD 2MAmeriabank launches a new offer: all clients, who open a brokerage account online through MyInvest by December 24, will enter a draw for one investment portfolio of AMD 1,000,000 and two portfolios...
14:20 09/10/2024International conference celebrates 90th anniversary of YSU Faculty of Economics and ManagementOn October 8, one of the most significant scientific conferences in the history of the Faculty of Economics and Management was solemnly inaugurated at Yerevan State University.
13:16 07/10/2024FAO raises forecasts for global rice output and tradeThe benchmark for world food commodity prices saw its fastest increase in 18 months in September, with quotations up for all covered commodity groups, led by sugar, the Food and Agriculture...
17:06 03/10/2024Armenian government OKs purchase of 22 pickup trucks for eco-patrol serviceThe Armenian government on Thursday approved the purchase of 22 pickup trucks worth 509.5 million drams for the new eco-patrol service.
15:11 03/10/2024Trip to Dubai: Exciting new campaign for Byblos Bank Armenia premium cardholdersByblos Bank Armenia World Elite Mastercard cardholders have a chance to win a trip to Dubai. Premium cardholders can enter the promotion implemented in cooperation with Mastercard for a chance to win...