ArmInfo. Armenia notes the importance of multi-sectoral cooperation with the Asian Development Bank (ADB) and the programs implemented by the Bank in Armenia. This  was stated by the Minister of Territorial Development and  Infrastructure of the Republic of Armenia David Khudatyan during a  meeting with the ADB delegation headed by the Bank's Resident  Representative in Armenia Don Lambert.

ArmInfo. After writing off of assets in Artsakh in 2023, the banking system of Armenia managed  to achieve a 61% growth in profit, reaching 363 billion drams by the end of 2024.

ArmInfo.If  the Armenian economy were more focused on investments in securities  rather than  loans and deposits, the key rate would have a more significant impact.  The government bond market is notably affected by the refinancing rate. This opinion was share by the head of the Union of  Banks of Armenia, Daniel Azatyan, during a press conference on February 25. He also pointed out that credit and deposit rates are influenced more by supply and demand  rather than the refinancing  rate. 

ArmInfo. In Armenia's banking system, as of 2024, the share of non-performing loans in the  loan portfolio amounted to only 1%, down from 1.5% in 2022, as stated by Daniel Azatyan, the Chairman of the Union of Banks of Armenia, during a press conference on February 25. He also noted that that  this does not include loans classified as bad or off-balance sheet.

ArmInfo.Armenia needs long-term energy security, as stated by Vassilis Maragos, the head of  the EU Delegation to Armenia, in his speech at the fourth meeting of the Armenia-European Union Parliamentary Partnership Committee.

ArmInfo. In addition to the main bank, which has expressed a desire to finance the exploitation  of the Amulsar gold mine, several other banks have also shown interest in providing additional financing for the launch of the project. Daniel Azatyan, the Chairman of the Union of Banks of Armenia (UBA), told journalists  during a press conference on February 25.

ArmInfo.The State Revenue Committee (SRC) of Armenia has released information  regarding  the  process for  reimbursing social expenses.

ArmInfo. According to the 2024 results, the loan portfolio of Armenian banks grew by 24%, reaching almost 6.4 trillion drams, an increase of  1.2 trillion drams, as stated by Daniel Azatyan, the Chairman of the Union of Banks of Armenia, during a press conference on February 25.

ArmInfo. The state is failing to address that allow large businesses to take advantage  of the preferential turnover tax system, and all this of small businesses, as stated by Arman Petrosyan, Vice President  of the SME Association, during a discussion on February 25  regarding the proposed double increase in the turnover tax rate 

ArmInfo. Unfortunately, small and medium businesses have failed to convey their concerns to the  authorities. This was stated by the President of the SME Cooperation Association Hakob Avagyan on February 25 during a discussion on the double increase in the turnover tax rate.

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ArmInfo.The rescue service of the Ministry of Internal Affairs reports that there are closed and difficult-to-pass roads in Armenia.

ArmInfo. Armenian Ambassador to Iran, Grigor Hakobyan, and Iranian Vice President for  Strategic Affairs, Mohammad Javad Zarif, discussed strategic areas of cooperation between the Republic of Armenia and the Islamic Republic of Iran during their meeting on February 24.

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ArmInfo.AMD 20.046bln will be allocated for the reconstruction of the Cascade complex by the  famous French architect Jean-Michel Wilmotte, the founder of WILMOTTE & ASSOCIES ARCHITECTES. As was announced at the working meeting of the Yerevan Municipality on February 24, the project is planned to be  completed in 5 years.

ArmInfo. The number of registered jobs in Armenia has increased by almost 6% in a year, the press service of the State Revenue Committee of Armenia reports.

ArmInfo. The rescue service of the Ministry of Internal Affairs reports that as of the morning of February 24, there are closed and impassable roads in the territory of Armenia.

ArmInfo. The EAEU may well qualify for participation in the G20, as stated by Russian Foreign Minister Sergey Lavrov during a press conference following a meeting of the G20 foreign ministers in South Africa.