ArmInfo.HSBC Bank Armenia CJSC (hereinafter HSBC Armenia/Bank) announces that, effective from 6 November 2023, the Bank’s Head Office will be relocated to a new, comfortable and modern facility at the following address: 42 Paronyan street, Yerevan.

ArmInfo. The United Arab Emirates (UAE) is the largest investor of foreign direct investment  (FDI) in the real sector of the Armenian economy. Armenian Minister of Economy Vahan Kerobyan announced at a hearing of the draft budget in Parliament on November 3.

ArmInfo.

ArmInfo.

ArmInfo. Armenia has agreed with its European partners on a new geographical marking for Armenian  brandy. Armenian Minister of Economy Vahan Kerobyan announced at a hearing in the National Assembly of Armenia on November 3.

ArmInfo.

ArmInfo.The Ministry of Economy of Armenia and the Ministry of Antimonopoly Regulation and  Trade of Belarus will expand cooperation. According to the press service of the department, the corresponding memorandum was signed by the Minister of Economy of Armenia Vahan Kerobyan and the Minister of  Antimonopoly Regulation and Trade of Belarus Alexey Bogdanov.

ArmInfo. In 2024, AMD 16.7bln will be allocated to the needs of the Ministry of Foreign Affairs of Armenia. RA Minister of Finance Vahe Hovhannisyan stated this during discussions on the draft state budget of the country for  2024 at a meeting of the commissions of the National Assembly of the Republic of Armenia.

ArmInfo.Considering the successful strategic cooperation of the two companies and the convergence of development visions, Idram and IDBank consolidated within ID Group Armenian holding, which currently controls 100% of the shares of Idram and IDBank.

ArmInfo. About a thousand investors became shareholders of Team Telecom Armenia. According to  the company's press service, the initial public offering of 40 million shares of Team Telecom Armenia worth AMD 8.2bln was successfully completed. Ameriabank CJSC acts as market maker. 

ArmInfo. Armenia's government will co-fund pilot programmes in four Armenian communities. 

ArmInfo. The Armenian government will allocate AMD 1.37bln to assist the forcibly displaced residents of Nagorno-Karabakh. 

ArmInfo.According to World Economic Magazine, a well-known financial journal, EasyPay has been recognized as the best financial company in two categories: “Best Services Provider to Government Sector Armenia 2023” and “Best Auto Finance Company Armenia 2023”.

ArmInfo.In 2024, AMD 345.417bln will be allocated to finance programs in the fields of  education, science, culture, sports and youth, Deputy Minister of Finance Vahan Sirunyan stated at a hearing in the commissions of Armenia's Parliament. 

ArmInfo.

ArmInfo. Armenia is taking an important step towards modernizing its public services delivery  with the Strengthening Transparency, Accountability, and Access to Public Services through GovTech project launched today. Funded by the UK Good Governance fund, implemented by the Armenian Government, the  launch of the initiative was marked by the signing of a Memorandum of Understanding between the World Bank, the Embassy of UK to Armenia, and the Yerevan Municipality.

ArmInfo.

ArmInfo.

ArmInfo. Unlike 2022, when the Armenian banking system received most of its profits from services provided to non-residents (accounts, payment cards, currency transactions, ed. note), in 2024 there is a serious demand for credit products, which will allow banks to more thoroughly generate profits. Governor of the Central Bank of Armenia Martin Galstyan stated during a press conference on October 31.

ArmInfo. In 2023, Armenian economic growth is projected at 7.2%, and next year it will be 5.6%.  Governor of the Central Bank of the Republic of Armenia Martin Galstyan stated  on October 31 during a press conference.