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12:21 01/08/2023Central Bank of Armenia. Refinancing rate has been reduced by 0.25 ppAt its meeting today, the Board of the Central Bank of Armenia decided to reduce the refinancing rate by 0.25 pp, setting it at 10.25%.
17:59 28/07/2023Andranik Grigoryan: Capitalization of new opportunities involves the implementation of digital services and ensuring securityAndranik Grigoryan, the CEO of Converse Bank, addressed key topics in an interview with AmCham magazine, including customer interests, digital financial services improvement, and Converse Bank's...
16:06 19/07/2023Amundi-Acba made huge investment in Armenia's economyAmundi-Acba made an investment from the assets of Balanced and Conservative pension funds in the first EU-Armenia SME private equity fund that invests in the equity capital of companies operating in...
14:05 19/07/2023Livestock sector in Artsakh in far worse condition, minister saysThe livestock sector in Artsakh Republic is in a much worse position as a result of the ongoing blockade by Azerbaijan, Artsakhpress reported on Wednesday, citing Artsakh's Minister of Agriculture...
13:33 19/07/2023Car exports from Armenia to Russia have soared – FTArmenia is not a car producer, but exports of cars from the tiny country to Russia have soared since last year’s invasion of Ukraine — from $800,000 worth of vehicles in January 2022 to just over...
16:08 18/07/2023Turkish lira hits record lowThe Turkish lira weakened more than 2% to a fresh record low against the dollar on Tuesday over market concerns that the central bank might raise interest rates this week by less than previously...
11:55 13/07/2023Armenia's mining industry will continue to progress, regardless of Azeri provocations: statementThe Union of Miners and Metallurgists of Armenia has responded to Azerbaijan’s call for the termination of Armenian mining projects.
16:36 07/07/2023Yeraskh plant construction paralyzed by AzerbaijanThe construction of a smelting plant in the Armenian border village of Yeraskh has been paralyzed due to shootings from nearby Azerbaijani army positions, Tiran Hakobyan, CEO of the GTB Steel LLC...
14:35 01/07/2023Inflation in Europe drops to 6.1%Europe's inflation rate took a positive turn with a significant drop to 6.1%, but consumers are yet to see real relief in what they pay for food and other necessities, Euronews reports.
20:30 30/06/2023Shell brand is already in Armenia. The first fuel stations were put into operationRoyal Oil, official licensee of Shell brand in Armenia, launched the first two Shell branded fuel stations , at 6/3 and 15/1 of Artashat Highway in Yerevan Among the guests of the official opening...
16:05 30/06/2023Trade turnover between Armenia, Poland grew 2.5 times, minister saysThe trade turnover between Armenia and Poland increased 2.5 times to $54.3 million in January-April 2023, Armenian Minister of Economy Vahan Kerobyan said at the seventh session of the...
14:54 30/06/2023Armenian customs officers thwart drug smuggling attemptCustoms officers at Yerevan's Zvartnots International Airport have foiled an attempt to smuggle over 1,200 grams of cocaine into the country.
13:33 29/06/2023Gas prices to remain unchanged for Armenian consumersThe retail prices of Russian natural gas will remain unchanged for consumers in Armenia, the head of the Public Services Regulatory Commission (PSRC) said on Thursday.
11:22 29/06/2023Moody’s upgrades Converse Bank's ratingMoody’s upgraded Converse Bank’s BCA to b1 from b2 and affirmed the bank’s long-term deposit ratings at B1.
11:45 23/06/2023Moody's affirms Armenia's Ba3 ratingMoody’s Investors Service has affirmed the Government of Armenia’s Ba3 local and foreign currency long-term issuer ratings, as well as the foreign currency senior unsecured ratings.
13:05 21/06/2023Ararat brandy exports to Russia continue, company saysExports of Armenia’s Ararat brandy to Russia continue for now in line with the contract between the Yerevan Brandy Company (YBC), a subsidiary of the French company Pernod Ricard, and Russia's...
11:15 20/06/2023EU prepares €50 billion Ukraine aid packageThe European Union is ready to propose a financial aid package of around €50 billion ($55 billion) to support Ukraine as the country embarks on a critical counteroffensive to retake territory lost...
16:15 13/06/2023Practical business skills in focus of CaseKey 2023–Byblos Bank Armenia partnershipMore than 200 smart and promising young people selected out of 500 applicants will get to participate in the CaseKey Business Case Competition 2023, whose title sponsor this year is Byblos Bank...
12:30 13/06/2023Armenia's Central Bank reduces refinancing rateAt its meeting on Tuesday, the Board of the Central Bank of Armenia decided to reduce the refinancing rate by 0.25 pp, setting it at 10.5%.
12:04 13/06/2023Artsakh: Numerous companies strive to avoid final closure amid blockadeAzerbaijan's 6+ month blockade of Artsakh (Nagorno-Karabakh) has paralyzed the country’s economy. 11,000 jobs have been cut in Artsakh under the blockade, but it doesn't provide the full picture....