ArmInfo.Ardshinbank launches a campaign for the customers sending or receiving money through international fast money transfer systems from November 1 to December 30, 2021.

ArmInfo.

ArmInfo.Tax collections of the state budget of Armenia in January- October 2021, compared to the same period last year, increased by 12.7%. Chairman of the State  Revenue Committee (SRC) of the Republic of Armenia Rustam Badasyan  announced this on November 2 at the preliminary hearings of the state  budget for 2022.

ArmInfo. In 2022, the Armenian government plans to collect 262.8 billion drams more taxes than it expects by the end of 2021. Chairman of the State Revenue Committee  (SRC) of the Republic of Armenia Rustam Badasyan announced this on  November 2 at the preliminary hearings of the state budget for 2022.

ArmInfo.At its meeting today, the Board of the Central Bank of Armenia decided to leave the refinancing rate unchanged, at 7.25%,the press service of the Central  Bank of Armenia reports.  According to the source, the rates on  Lombard repo facility and on Deposit facility attracted from banks  remained unchanged - at the level of 8.75% and 5.75%, respectively.

ArmInfo. In 2022, the Armenian authorities will increase funding for the Ministry of Territorial Administration and Infrastructures by more than a third. Minister of  Finance of Armenia Tigran Khachatryan announced this on November 2 at  the joint meetings of the standing committees of the parliament to  discuss the draft state budget for 2022.

ArmInfo. Under the existing conditions, the tools available to the Central Bank of Armenia are insufficient to control inflation. Minister of Economy of Armenia  Vahan Kerobyan expressed a similar opinion during a briefing on  November 2.

ArmInfo.

ArmInfo.Allocations to the Ministry of High-Tech Industry of Armenia in 2022 will increase by 9bln 123mln drams. Minister of Finance of Armenia Tigran Khachatryan  announced this on November 2 at the joint meetings of the standing  committees of the parliament to discuss the draft state budget for  2022.

ArmInfo.The Armenian government, forecasting a 7% GDP growth by the end of 2022, did not count on opening the borders with Turkey, as well as restarting the  project for the exploitation of the Amulsar gold mine.

ArmInfo. In Armenia, the very slow growth of vehicles with a CMPTL policy restrains the growth of fees. So, according to the Motor Insurers' Bureau of Armenia, in  January-September 2021 their number increased by 1.3% per annum, with  a change of the 3.6% decline a year earlier, but is still much  inferior to the pre-COVID rising rates of 14.3% for the same period  of 2019.

ArmInfo.The budget of the Ministry of Economy of Armenia in 2022 will grow by 26.9% compared to the adjusted budget for 2021. Minister of Finance of Armenia Tigran Khachatryan announced this on November 2 at the joint meetings of the  standing committees of the parliament during the preliminary hearings  of the state budget for 2022.

ArmInfo. The state budget of Armenia does not envisage changes in the tax policy regarding the refusal from the turnover tax. Minister of Finance of Armenia Tigran  Khachatryan announced this on November 2 at the joint meetings of the  standing committees of the parliament during the preliminary hearings  of the state budget for 2022.

ArmInfo. Armenia's gross international reserves (GIS) in September 2021 compared to September 2020 increased by 30.3% or by $ 742.4 million (versus 1.7% growth a  year earlier), amounting to $ 3.192 billion.

ArmInfo.A few years ago, a smart barn was established in Ararat region with the support of Converse Bank. As the owners were not thoroughly familiar with this method of cattle breeding, they decided to start with a small barn.

ArmInfo.

ArmInfo.Ameriabank has signed long-term subordinated loan agreements with total volume of USD 17.5M during recent months, with an option to increase by USD 15M if required. The USD 17.5M sub debt funds, attracted from several partner institutions, qualify as Bank Tier 2 capital under Basel III framework and are aimed at strengthening the overall capital position of the Bank.

ArmInfo.  On October 27-28, 2021, the XVII International Conference of the Association of Eurasian Central Securities Depositories (AECSD) "Reforming Financial Markets" was held online.

ArmInfo. The nominal GDP of Armenia in the conditions of 7% economic growth will grow by about 839 billion drams (about 1.7 billion US dollars, the estimated  exchange rate of the Armenian dram to the dollar is 493.6 drams per 1  dollar) - up to 7.869.4 billion drams.  This is stated in the draft  state budget for 2022, presented for preliminary discussion by the  National Assembly.

ArmInfo. The "Arrangement of the storage area for aluminum slag at the ARMENAL plant" project won first place in the Ecology nomination of the Improvement of the Year competition held by one of the world's largest aluminum companies RUSAL. This is  stated in the message of the press service.