News

Armenia, Latvia to expand business ties Armenia, Latvia to expand business ties 
The Power of One Dram to The Power of One Dram to "Moonk" technoschool
An interdepartmental commission to support investment programs to be  established in ArmeniaAn interdepartmental commission to support investment programs to be  established in Armenia
Armenia`s external debt growing since July 2024Armenia`s external debt growing since July 2024
Motor Insurers` Bureau of Armenia is increasing the maximum threshold  under the European protocol to 400 thousand drams from September 18Motor Insurers` Bureau of Armenia is increasing the maximum threshold  under the European protocol to 400 thousand drams from September 18
Yerevan to host III Eurasian Economic ForumYerevan to host III Eurasian Economic Forum
Armenia`s economy and state competing for sooner collapse -  ex-official Armenia`s economy and state competing for sooner collapse -  ex-official 
Transfers` inflow to Armenia continues to declineTransfers` inflow to Armenia continues to decline
All non-public funds to be accountable to Armenia`s CB All non-public funds to be accountable to Armenia`s CB 
Armenia`s authorities plan bridge construction in Akhtala Armenia`s authorities plan bridge construction in Akhtala 
Armenia`s premier raises problem of low-quality electric energy  supply Armenia`s premier raises problem of low-quality electric energy  supply 
Armenian broker Invia Investments to provide access to trading on ITSArmenian broker Invia Investments to provide access to trading on ITS
Electric Networks of Armenia to invest AMD 296bln in upgrading grid  system by 2026Electric Networks of Armenia to invest AMD 296bln in upgrading grid  system by 2026
Delegates from 36 countries to attend UN Global Wine Tourism  ConferenceDelegates from 36 countries to attend UN Global Wine Tourism  Conference
Electric Networks of Armenia ever apolitical - board chairman Electric Networks of Armenia ever apolitical - board chairman 
Armenia`s authorities refrain from revising real estate prices for  taxation Armenia`s authorities refrain from revising real estate prices for  taxation 
Armenia s government works out programme of accumulating capacities  introduction in Armenia s energy sector Armenia s government works out programme of accumulating capacities  introduction in Armenia s energy sector 
Maiden nonstop flight from Armenia to China carried out Maiden nonstop flight from Armenia to China carried out 
Armenia`s international reserves go down  $3.411 blnArmenia`s international reserves go down  $3.411 bln
Armenia left out of trans-border Black Sea submarine cable projectArmenia left out of trans-border Black Sea submarine cable project
RA Economy Minister: supply issues of Armenian products to Russia are  solved in due courseRA Economy Minister: supply issues of Armenian products to Russia are  solved in due course
Armenia`s finance minister on state of economy at end of first half  of 2024 Armenia`s finance minister on state of economy at end of first half  of 2024 
No problems with redemption of 2nd tranche of $500mln sovereign bonds  next year - finance minister No problems with redemption of 2nd tranche of $500mln sovereign bonds  next year - finance minister 
RA State Revenue Committee: Income tax refunded to RA State Revenue Committee: Income tax refunded to "mortgage holders"  for the first half of the year was 8 billion more than for the same  period in 2023
In October 2024  Masrik-1 solar station will be operational In October 2024  Masrik-1 solar station will be operational 
AraratBank: Conquering Aragats to Empower War Veterans through EducationAraratBank: Conquering Aragats to Empower War Veterans through Education
Sensitive security systems of Armenian NPP disconnected the station  due to lightning Sensitive security systems of Armenian NPP disconnected the station  due to lightning 
RA Tourism Committee announces keynote speakers for the UN Global  Conference on Wine TourismRA Tourism Committee announces keynote speakers for the UN Global  Conference on Wine Tourism
Tigran Jrbashyan: Such development of the demographic structure of  Armenia will lead to the degradation of the qualitative indicators of  the human resourceTigran Jrbashyan: Such development of the demographic structure of  Armenia will lead to the degradation of the qualitative indicators of  the human resource
Iran invited to business dialogue with EAEU member-states in Yerevan  Iran invited to business dialogue with EAEU member-states in Yerevan 
Economist: Unscrupulous cognac producers account for 12% in ArmeniaEconomist: Unscrupulous cognac producers account for 12% in Armenia
Aghasi Tavadyan: Gold re-export Aghasi Tavadyan: Gold re-export "overshadowed" the economic downturn
Health Inspection body of Armenia issued fines totaling 3 billion  drams for violations in the field of drug circulation this yearHealth Inspection body of Armenia issued fines totaling 3 billion  drams for violations in the field of drug circulation this year
Yerevan to host 8th UN Global Wine Tourism ConferenceYerevan to host 8th UN Global Wine Tourism Conference
Forecast: Armenia`s economic growth may exceed 8.5% in 2024Forecast: Armenia`s economic growth may exceed 8.5% in 2024
Ardshinbank received necessary approvals for acquiring HSBC ArmeniaArdshinbank received necessary approvals for acquiring HSBC Armenia
Incredibly long: Rocket Line 0% now for 12 monthsIncredibly long: Rocket Line 0% now for 12 months
2024 budget performance at risk - Luys Foundation 2024 budget performance at risk - Luys Foundation 
Armenia`s Ministry of High-Tech Industry plans to introduce 5G  network Armenia`s Ministry of High-Tech Industry plans to introduce 5G  network 
Armenia cherishing delusions instead of seeking stable prosperity-  expert Armenia cherishing delusions instead of seeking stable prosperity-  expert 
S&P Global Ratings maintains Armenia`s ratings at S&P Global Ratings maintains Armenia`s ratings at "BB-/B",  forecasting 6.2% GDP growth in 2024
RUEA warns of threats to Armenia`s economy in wake of State Revenue  Committee`s initiative RUEA warns of threats to Armenia`s economy in wake of State Revenue  Committee`s initiative 
How to prevent the collapse of Armenia`s IT sector - expert How to prevent the collapse of Armenia`s IT sector - expert 
Junius: A Financial Literacy Game in the Idram Junior AppJunius: A Financial Literacy Game in the Idram Junior App
Reduction of premiums and high growth of indemnities squeezing  profits in the insurance market Reduction of premiums and high growth of indemnities squeezing  profits in the insurance market 
Yerevan to host WCIT 2024 Yerevan to host WCIT 2024 
Armenian premier s staff proposes unanounced inspections of  businesses Armenian premier s staff proposes unanounced inspections of  businesses 
Second EAEU economic operator certified in Armenia Second EAEU economic operator certified in Armenia 
Arrest of businessmen for tax evasion to cause more harm to state -  businessman Arrest of businessmen for tax evasion to cause more harm to state -  businessman 
Accor to open new Movenpick hotel in Armenia`s TsakhkadzorAccor to open new Movenpick hotel in Armenia`s Tsakhkadzor
Armenia may require cognac exporters to undergo testing in European  laboratories by 2025Armenia may require cognac exporters to undergo testing in European  laboratories by 2025
Aig-1 solar station construction to kick off in Armenia before end of  2025cAig-1 solar station construction to kick off in Armenia before end of  2025c
Armenia`s government to compensate Gillo company for sustained damage  under court order Armenia`s government to compensate Gillo company for sustained damage  under court order 
Iran wants to gain observer status at EAEUIran wants to gain observer status at EAEU
WFP and USAID assess assistance to Artsakh refugees in ArmeniaWFP and USAID assess assistance to Artsakh refugees in Armenia
Only licensed taxi services to be allowed to serve passengers from  Sept 1, 2024 Only licensed taxi services to be allowed to serve passengers from  Sept 1, 2024 
AraratBank cardholders to start the academic year with nice giftsAraratBank cardholders to start the academic year with nice gifts
Minister forecasts 2-fold growth in productivity of Armenian economy  in 2026 against 2020-2021Minister forecasts 2-fold growth in productivity of Armenian economy  in 2026 against 2020-2021
No information on low-quality Armenian brandy from Russia - ministerNo information on low-quality Armenian brandy from Russia - minister
Increased exports and re-exports not any longer essential for GDP  growth - ministerIncreased exports and re-exports not any longer essential for GDP  growth - minister
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 Currency Market

 Indicators


Exchange rates
06.09.2024
RUB4.320.03
USD387.09-0.21
EUR429.940.08
GBP509.68-0.20
CAD286.880.20
JPY27.100.11
CNY54.660.08
CHF459.561.87


Experts
External factors only hope or Armenia`s shoestring budgetExternal factors only hope or Armenia`s shoestring budget
Only two companies benefit from securities issuance assistance programme in ArmeniaOnly two companies benefit from securities issuance assistance programme in Armenia
IDBank will have a new premium service lounge. Lida SafaryanIDBank will have a new premium service lounge. Lida Safaryan
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Commented
South Caucasus needs unified market without strategic partners -  expert South Caucasus needs unified market without strategic partners -  expert 
Czech Republic to assist modernization of Yerevan metro Czech Republic to assist modernization of Yerevan metro 
Yerevan is trying to demonstrate to its Anglo-Saxon `bosses` its  readiness to reduce economic cooperation with Iran - political  scientistYerevan is trying to demonstrate to its Anglo-Saxon `bosses` its  readiness to reduce economic cooperation with Iran - political  scientist
Over ten Armenian banks participating in 10% cashback programme for  pensionersOver ten Armenian banks participating in 10% cashback programme for  pensioners

Company bonds
UCO CJSC "GLOBAL CREDIT"1
UCO CJSC "GLOBAL CREDIT"3
UCO CJSC "GLOBAL CREDIT"4
UCO CJSC "GLOBAL CREDIT"5
UCO CJSC "GLOBAL CREDIT"7
"National Mortgage Company"2A
"National Mortgage Company"2B
UCO CJSC “FINCA” 1
UCO CJSC “FINCA” 2