ArmInfo.Growth in assets, an increase in annual profit, significant achievements, and new development opportunities — this is how the financial year 2024 can be described for ARMECONOMBANK.

ArmInfo.Summer always seems to fly by — many of us feel this way. We spend months looking forward to our vacations or a long-awaited trip to the beach, only to realize that the season is nearly over before we know it. So, how can we truly make the most of summer and stretch out that joyful feeling?

ArmInfo.In 2024, the financial authorities of Armenia successfully managed to maintain and even  reduce the public debt to GDP ratio, strengthen fiscal sustainability and ensure a stable level of revenue. Simultaneously, a decrease in the tax-to-GDP ratio was recorded, as stated by the head of the RA Ministry of Finance, Vahe Hovhannisyan, on June 13 at a meeting of the parliamentary standing committee  on financial, credit and budgetary affairs,  while presenting a report on the execution of the 2024 state budget.

ArmInfo.Armenia will receive a EUR 236 million loan from the Asian Development Bank (ADB) under the  Sustainable and Inclusive Road Sector Improvement Project for the construction of the 27.12 km northern section of the Sisian-Kajaran road. The relevant loan agreement received a positive conclusion from the parliamentary committee on financial and credit issues on June 13 and was included in the agenda of the NA plenary session.

ArmInfo.  ArmSwissbank plans to carry out the initial public placement of the next two issues of dram registered coupon bonds in the amount of 7 billion drams on June 16. This is noted in the Bank's statement, which indicates that the initial placement is planned to be completed by September 30 of this  year. A total of 140,000 bonds will be issued within both dram  tranches, each with a par value of 50,000 drams.

ArmInfo. Vardan Kostanyan,  Deputy Minister of Territorial Administration and Infrastructure, and  Mehdi Sobhani, Ambassador of the Islamic Republic of Iran to Armenia,  discussed the progress of construction  on the "Third Armenia-Iran High Voltage Transmission Power line" project, with a capacity of 400kv.

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ArmInfo. Idram and IDBank will allocate 4,991,788 AMD through "The Power of One Dram" initiative to support the annual "Hayordi" camp, which will host around 300 children of deceased Armenian servicemen.

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ArmInfo.  Next year, Armenia will host the prestigious international wine competition Concours Mondial de Bruxelles (CMB). This announcement was made in Yinchuan, China, where CMB -2025 took place. The event was attended by the  Minister of Economy of Armenia, Gevorg Papoyan, and the head of the Vine and Wine Foundation (VWFA), Zaruhi Muradyan. In 2026, over 400 guests from various countries of the world will come to Armenia, including wine experts, sommeliers, buyers, importers, journalists, bloggers, teachers, etc.

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ArmInfo.  From June 8 to 11, 2025, a preliminary visit of the Corporate Peer Review was held at the Armenian Nuclear Power Plant (ANPP) with the participation of experts from the World Association of Nuclear Operators (WANO).

ArmInfo. On June 12, the Armenian government approved the estimated financial framework and implementation schedule for the construction of the new Isakov-Arshakunyats road in Yerevan under the .

ArmInfo. On June 12, the Government of Armenia approved the allocation of $1 million within the framework of the 13th replenishment of the Asian Development Fund and the  eighth replenishment of the Special Fund for Technical Assistance.

ArmInfo. Almost $500 million in investments will be directed to the implementation of a large-scale project in Armenia, which was officially presented the day before at the largest European startup and technology conference Viva Technology. The RA Government, NVIDIA, Firebird and Team Group will join forces to create the most powerful supercomputer and data processing center in the region based on artificial intelligence (AI) solutions. Prime Minister Nikol Pashinyan noted this on June 12 at a  regular government meeting.

ArmInfo. Our cooperation with Armenia will help lay the foundation for the development of artificial intelligence (AI) in the region. This was stated by Jensen Huang, founder and CEO of one of the leading American technology companies NVIDIA.

ArmInfo. In the banking sector of Armenia, the regulator continues to tighten the standards for capital buffer indicators. Thus, from May 1, 2025, the Central Bank of the Republic of Armenia increased the countercyclical capital buffer (CCB) from 1.5% to 1.75% of risk- weighted assets, as well as the capital conservation buffer (protective) from 2% to 2.5%. It is known  that an additional capital buffer of 1.5% is already in effect for  systemically important banks. This is noted in the annual report of the Central Bank of the Republic of Armenia "Financial Stability 2024".

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ArmInfo.  Yesterday, Deputy Minister of Justice of the Republic of Armenia Oksana Abrahamyan received a delegation from the Estonian Ministry of Foreign Affairs and the Estonian Center for International Development (ESTDEV). The delegation was headed by Director of the Development Cooperation  Department of the Estonian Ministry of Foreign Affairs Ingrid Kressel and Director of Digitalization of ESTDEV Andres Arema. This was reported by the press service of the RA Ministry of Justice.

ArmInfo.  A nearly $500 million investment project to be implemented in Armenia was officially presented today at Viva Technology, Europe’s largest startup and tech conference. The Government of the Republic of Armenia, NVIDIA, Firebird, and Team Group will collaborate to build the region’s most powerful Supercomputing Hub and data processing center, powered by artificial intelligence (AI) solutions.