ArmInfo.

ArmInfo. The World Bank (WB) forecasts a slowdown in Armenia's GDP growth in 2023 to 4.3% (from an estimated 7% growth in 2022), and the International Monetary Fund (IMF) - to 4-5% (from an estimated 11% growth in 2022).

ArmInfo. During the regular Board meeting of the Union of Banks of Armenia (UBA), Chief Executive Officer and Chairman of the Executive Board of ARARATBANK OJSC Mher Ananyan was elected as new Chairman of the UBA Board. He will replace Gevorg Machanyan, Executive Director and Chairman of the Management Board of ARMSWISSBANK CJSC, who chaired the Union in 2021-2022.

ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo.The Armenian authorities and IMF staff reached a staff- level agreement on a  3-year precautionary Stand-By Arrangement (SBA). The agreement is  subject to approval by the IMF Executive Board and is expected to be  considered in December 2022, the IMF reports.

ArmInfo.

ArmInfo. Armenia's government will grant tax benefits to the Multi Tobacco company owned by Gagik Tsarukyan, Chairman of the Prosperous Armenia party. The company will be exempted from duties on the import of manufacturing equipment and  spare parts, raw materials under an investment programme in a  priority field. 

ArmInfo.Under the 2023 draft budget, AMD 23bln (about $56mln) will be allocation to subvent programmes in Armenia's regions (the AMD/USD exchange rate is  404.74/$1), Armenia's Premier Nikol Pashinyan stated at a Cabinet  meeting on Thursday. 

ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo. For the fifth consecutive year, HSBC Bank Armenia CJSC (hereinafter HSBC Armenia/Bank) has been recognized as the “Market Leader” for Corporates by Euromoney Cash Management Survey. The Bank has also been named as the “Best Service Bank” for Corporates.