ArmInfo. Converse Bank has secured trade finance line from the International Finance Corporation (IFC). The agreement was signed on June 16 in Vienna by IFC's Regional Industry Manager, Financial Institutions Group, Europe, Etleva Koka and Converse Bank's CEO, Chairman of the Executive Board Andranik Grigoryan. It aims at strengthening Bank’s support for importers and exporters in Armenia and enhancing the Bank’s capacity to facilitate international trade, improve access to global markets, and provide better financing solutions for its customers involved in trade worldwide. 

ArmInfo.  On June 16, Rosselkhoznadzor held videoconference talks with the Food Safety Inspectorate of Armenia on the issue of increased violations in the  supply of plant products from the Republic to Russia. This was  reported by the press service of Rosselkhoznadzor.  Earlier, the  Russian agency expressed serious concern due to the sharp increase in the volume of cut flower imports from Armenia and systematic cases of detection of quarantine objects in plant products. These facts gave rise to speculation about a decrease in control by the competent Armenian agency over the export of goods and the supply of flowers from third countries. In order to prevent the worsening of the quarantine phytosanitary situation in Russia, a letter was sent to the Food Safety Inspectorate of Armenia with a request to take comprehensive measures and strengthen control over the supplied products. Currently, Rosselkhoznadzor is waiting for information from  colleagues on the range, volumes, places of production, reasons for the increase and plans for the supply of flowers to Russia. In addition, since the beginning of 2025, 43% of Armenian cargo has not been presented for quarantine phytosanitary control at the destination. Cut flowers are of particular concern: in June of this year, 78 out of 80 batches were not presented for control. The Service asked to work with exporters on the need for mandatory submission of goods for control at the points of receipt, to immediately suspend the issuance of phytosanitary certificates to organizations that have not previously been involved in the export and import of flowers, and to increase the responsibility of participants in foreign economic activity. In the absence of the necessary response measures and the continued identification of quarantine objects, Rosselkhoznadzor will be forced to introduce additional phytosanitary measures. Representatives of the competent  Armenian agency assured of work on the introduction of an effective mechanism to strengthen phytosanitary control.

ArmInfo. Since January 1,  a total of 28, 916 citizens, who have completed the General Declaration (+ 1551 citizens compared to last Monday), have  received back 2 billion 569 million drams in social credit (+ 132 million drams compared to last Monday). Prime Minister Nikol Pashinyan shared this information on social media.  <On average, each person received 89,000 drams>, he noted.  

ArmInfo. The Armenian government is currently discussing conceptual issues regarding the new Tax Code,  there are also specific ideas for transforming the tax system, as stated by Minister of Finance Vahe Hovhannisyan  during a press  conference on June 16. 

ArmInfo. The Hospitality Investment Forum 2025 (HIF), the leading professional platform in Armenia for discussing the development of the hospitality industry, will take place in Yerevan on June 18. 

ArmInfo. The “By Your Side” initiative is back — with a new format, a new focus, and a renewed message. Originally launched in 2024 to support forcibly displaced compatriots from Artsakh, the program initially provided direct social assistance to 150 children.

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ArmInfo.  Armenia does not plan to enter the Eurobond market 6 times in 2025 and 2026. From now on, we will be guided by the situation, as stated by the RA Minister of Finance Vahe Hovhannisyan on June 16 at a press conference, in response to a question from ArmInfo.

ArmInfo. Much depends on the extent and duration of the  escalation, as stated by RA Finance Minister Vahe Hovhannisyan on June 16 at a press conference, in response to a question from  ArmInfo regarding potential risks for the RA economy as a result of the Iran-Israel conflict.

ArmInfo. During the Iranian-Israeli conflict in the past few days, our economic entities have faced challenges, as stated by  Minister of Economy  Gevorg Papoyan on June 16, while addressing questions from parliamentarians during a meeting of the Parliamentary Standing Committee on Economic  Issues.

ArmInfo. Armenia's Medium-Term Expenditure Program 2026-2028 is a strong and ambitious  document, as stated by the Minister of Finance of the Republic of Armenia, Vahe  Hovhannisyan, during a press conference on June 16  where the  document was presented.

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ArmInfo.The World Bank (WB) has launched the first phase of the Water and Irrigation Services  Enhancement (WISE) program in Armenia in rural areas with limited access to services.

ArmInfo. The Ministry of Territorial Administration and Infrastructure of Armenia spent about 307 billion drams on the implementation of 21 programs and 138 events in 2024.  This was stated by the deputy head of the department Kristine Galechyan on June 16 at a meeting of the standing committee on economic issues, presenting a report on the execution of the state budget for the past year.

ArmInfo. The activities of the Ministry of Economy of Armenia in 2024 were aimed at developing the  main sectors of the RA economy and their productive management. As a result of these programs, we can record that the economy of the republic has achieved almost 6% real growth (5.9%, with 7% budgeted for by the state budget - ed.).

ArmInfo.The South Caucasus Railway CJSC has launched the first international train of the 2025 summer season on the Yerevan-Batumi-Yerevan route.

ArmInfo. In the Armenian insurance market, the loss ratio for OSAGO has begun to decrease since 2025, amounting to 73.2% in January-May compared to 79.7% the previous year. as evidenced by data from the Bureau of Motor Insurers of Armenia.

ArmInfo. In the Armenian interbank foreign exchange market from June 9 to June 13, 2025, dollar transactions continued to decline, while ruble transactions increased. Euro transactions were not conducted for the second week in a row. Specifically, the weekly trend for ruble transactions shifted from an 88.4% decline to a 7.1% growth, while dollar transactions continued to decline at a faster pace from 8% to 60%. As a result, ruble transactions once again surpassed dollar transactions  by 2 times, whereas the previous week, dollar transactions had been leading by 1.4 times. In the interbank foreign exchange market during the reporting week (09-13.06.25 compared to 02-06.06.25) the trend for buying and selling dollars continued to rise, while the trend for buying and selling euros decreased. Ruble transactions saw a decline  with a noticeable decrease in rates. 

ArmInfo. During a meeting with a World Bank delegation, Armenian Deputy Prime Minister Tigran  Khachatryan emphasized the importance of collaboration in areas such as the local economy, infrastructure, agriculture and water management.