ArmInfo.  Bank of Georgia Group PLC ("BOGG" or the "Group") announces the proposed acquisition  of 100 per cent. of a leading bank in Armenia, Ameriabank CJSC ("Ameriabank"), for approximately $303.6 million. This acquisition will significantly enhance the Group's presence and growth opportunities within a fast-growing and attractive market, according to BOGG's official statement.

ArmInfo.Ameriabank maintains leadership in the banking system of Armenia in terms of the volume of  mortgage loans with a market share of 21.3% at the end of 2023. This is noted in the bank's message.

ArmInfo. Those economic and financial processes that began to develop in 2018 were associated  with international developments, and primarily with the Russian- Ukrainian conflict. Former member of the National Assembly of Armenia, who for many years headed the Parliamentary Standing Committee on Economic Affairs  Gagik Minasyan stated on February 16 during a conversation with journalists.

ArmInfo. During his working visit to Iran, Deputy Minister of Economy of Armenia Narek Teryan  held a number of meetings with officials of the Islamic Republic of Iran (IRI).

ArmInfo.The most bookish holiday of the year is almost here: on these days the book is definitely the most bought and gifted item in the town, although you can’t call it an “item”. The special offers of bookstores exceed the New Year promotions, and the book queues remind of the good old days when people stood in line to buy books.

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ArmInfo. If a citizen works abroad, but is at the same time a resident of Armenia, then he is  obliged to independently calculate and pay income tax on the income he receives from this work, as well as submit an online income declaration to the tax authority of the Republic of Armenia no later  than May 1 of the following year, the State Revenue Committee of Armenia reports.

ArmInfo. The decision of the State Revenue Committee of Armenia on taxation of labor migrants  and penalties in case of non-payment is extremely unfair. Tatevik Bezhanyan, Advocacy Officer at Armenian Caritas Migration and Development Project , stated during a press conference on February 16.  

ArmInfo. Global economic growth will slow, according to the Macroeconomic Outlook 2024-2026 by  the Eurasian Development Bank (EDB). 

ArmInfo.The baseline scenario projects Armenian GDP growth at 5.7% in 2024 and 5.3% in 2025. Inflation could accelerate to  3.6% in  2024 amid continued elevated domestic demand, a moderate weakening of the national currency, and the ongoing cycle of refinancing rate reductions, according to the Macroerconomic Outlook by the Eurasian Development Bank (EDB). 

ArmInfo.The Armenian Card CJSC has announced its plans to stop operating the arca.am  application. 

ArmInfo.

ArmInfo.Bank of Georgia Group PLC ( or ) clarifies recent media rumors regarding a potential transaction involving Ameriabank CJSC (), a leading bank in Armenia, and confirms that "it is in "advanced discussions" regarding its potential acquisition of Ameriabank CJSC."

ArmInfo. The net profit of the insurance sector of Armenia dropped by 33% in 2023, after a 4.5-fold  increase in 2022. "This resulted from higher reimbursement growth of 30% with a modest 17% increase in premiums.

ArmInfo. The likelihood of attracting a new international brand to the Armenian financial market  is quite low. Economist Haykaz Fanyan expressed a similar opinion on his Facebook page, commenting on the HSBC's withdrawal from Armenian market.

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ArmInfo. On February 15, the Government of Armenia approved the proposal to sign Agreement No. 2  on amending the loan agreement Gyumri Urban Roads Project signed between the Republic of Armenia and the European Bank for Reconstruction and Development (EBRD) on May 11, 2016. 

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ArmInfo. Attracting financial resources for the investment program of Electric Networks  of Armenia is the easiest task, but it is much more difficult to organize the work correctly, Director General Karen Harutyunyan told reporters on February 14.

ArmInfo.The placement of AMD 32bln bonds of Electric Networks of Armenia CJSC was successfully  completed within a short space of time, Director General Karen Harutyunyan told reporters.