ArmInfo FinRating: Tariff increases spur high profit growth for Armenian insurance companies Wednesday, May 6 2026
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 ArmInfo. Armenian insurance companies, having improved premium dynamics, were able to maintain high profit growth rates. In Q1 2026, the annual premium dynamics, which declined from a 7% decline to a 3% increase, enabled net profit growth to reach 77.4% (compared to 82.3% growth a year ago). |
ArmInfo. Deputy Foreign Minister of Turkmenistan Akhmet Gurbanov and his Armenian counterpart Mnatsakan Safaryan, at a meeting in Yerevan, advocated for intensifying bilateral economic cooperation.
ArmInfo. The process of community consolidation will continue in Armenia. At its plenary session on May 6, the National Assembly of the Republic of Armenia will discuss amendments to the law "On Administrative-Territorial Division," submitted by the RA government for the first reading.
ArmInfo. Evocabank and Proparco-AFD have signed a €20 million credit agreement aimed at supporting women's entrepreneurship and the development of renewable energy in Armenia.
ArmInfo. Ameriabank and Proparco, a subsidiary of the Agence Française de Développement Group (AFD Group) signed a €75 million credit agreement. Signed during French President Emmanuel Macron’s State Visit to Armenia, the agreement aims to support Armenian agriculture and micro, small, and medium-sized enterprises (MSMEs).
ArmInfo. Minister of Health Anahit Avanesyan announced on April 29 that there are currently no initiatives to revise insurance premium amounts for 2027. Speaking at a press conference, the Minister clarified that in accordance with established procedure, the Ministry submits an annual report to the National Assembly for the previous year, along with conclusions for the following year regarding the need to revise the amount of insurance payments.
ArmInfo.Four insurance companies—INGO, LIGA Insurance, Nairi Insurance, and SIL Insurance—were included in the list of Armenia's 1000 largest taxpayers for the first quarter of 2026, according to data from the State Revenue Committee.
ArmInfo. In January-March 2026, 453,138 tourists visited Armenia, an 18.2% increase compared to the same period last year, according to the Tourism Committee of Armenia.
ArmInfo. In the first quarter of 2026, 78 IT companies were included in the list of the 1,000 largest taxpayers.
ArmInfo. "The countries of Central Asia, as a region emerging from the USSR, inherited a difficult legacy - outdated technologies," said Erlan Nysanbayev, Minister of Ecology and Natural Resources of Kazakhstan, during a meeting with international journalists who arrived in Astana to cover the Regional Environmental Summit (RES).
ArmInfo. Economic activity in Russia in the first quarter of 2026 was expected to slow amid adjustments to tax changes, but more positive dynamics are possible in the second quarter, according to the "What the Trends Say" bulletin prepared by the Central Bank's Research and Forecasting Department.
ArmInfo.Gazprom will establish an operational gas reserve of 0.107 billion cubic meters in Armenia, as noted in a statement by the gas monopoly.
ArmInfo. Armenia plans to build a large-scale AI data center (AI factory) called Firebird, with the participation of NVIDIA, focused on artificial intelligence technologies. With an investment of $500 million, the factory will be located in the city of Hrazdan, becoming one of the largest technological infrastructure sites in the region.
ArmInfo.Armenia is open to Emirati investments in logistics, infrastructure, renewable energy, tourism, high technology, agriculture, industry, and other areas, as stated by Armenian Minister of Economy Gevorg Papoyan during a meeting with Omran Sharaf, Deputy Foreign Minister of the United Arab Emirates (UAE) for Advanced Science and Technology, and Nariman Al- Mulla, UAE Ambassador to Armenia.
ArmInfo.The Armenian delegation is participating in the world's leading industrial and technological exhibition, Hannover Messe 2026, in Hannover.
ArmInfo. Reverse mortgage institution will be introduced in Armenia. The RA government approved amendments to the Civil Code and a package of related laws at its April 2 meeting.
ArmInfo.In 2025, there were 11,070 mortgage transactions concluded in Armenia, exceeding the 2024 figure by 32.2%, according to data from the State Committee of Real Estate Cadastre of the Republic of Armenia.
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