ArmInfo. According to the estimates by experts of the Eurasian Development Bank (EDB), private money transfers to Armenia, Kazakhstan, Kyrgyzstan and Uzbekistan totaled $2.6bln last year - a 1.9-fold growth as compared with 2021.

ArmInfo.

ArmInfo. Currency volatility causes significant risks not only for the state, but also for those citizens who have foreign currency and especially mortgage loans.  Armenian MPs of the ruling party noted the risks and suggested  issuing mortgages in drams, except in cases where citizens have  proven income in foreign currency.

ArmInfo.

ArmInfo. On February 13, RA NA President Alen Simonyan received the delegation led by Chair of the NA Korea-Armenia Friendship Group of the Republic of Korea Ki Hun  Song, the press service of the RA NA reports.  At the meeting the  importance of inter-parliamentary cooperation in the Armenian- Korean  bilateral relations was stressed.

ArmInfo. I Iran can become one of main destinations for tourists from Armenia. A well-known Armenian economist Suren Parsyan adheres to a similar point of view.

ArmInfo.

ArmInfo.Fitch Ratings has revised the Outlook on Armenia's Long-Term Foreign-Currency Issuer Default Rating (IDR) to Positive from Stable and affirmed the IDR at  'B+'. This is noted in the Fitch report, which also provides an  improved estimate of Armenia's GDP growth for 2022 to 11.6%, with a  further slowdown in 2023 to 6.1% and in 2024 to 4.7%.

ArmInfo.A meeting chaired by Armenia's Deputy Minister of Economy Ani Israelyan discussed businesses' problems.   

ArmInfo. Minister of Economy of Armenia Vahan Kerobyan received newly appointed Ambassador Extraordinary and Plenipotentiary of Portugal to Armenia Madalena   Fischer. This was reported by the press service of the Ministry of   Economy.

ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo. The share of foreign-exchange mortgage loans in the Armenian commercial banks' loan portfolio has been 17% over the last five years, Hovhannes  Khachatryan, Vice-Chairman of the Central Bank of Armenia (CBA),  stated in Parliament on February 10.

ArmInfo.The Eurasian Development Bank (EDB) intends to increase investments in Armenia, EDB Country Director Armen Melikyan stated at his meeting with  Armenia's Minister of Economy Vahan Kerobyan. Attending the meeting  was also Denis Ilin, Vice- Chairman of the EDB Management Board, and  Deputy Minister of Economy Narek Teryan.  

ArmInfo. Armenia's commercial banks and lending agencies will from now on issue consumer and mortgage loans in AMD terms only. Armenia's Parliament is  discussing the draft amendments to the Law on Currency Control. 

ArmInfo.

ArmInfo.Ameriabank has added a new Visa Card Subscription feature to the MyAmeria mobile application - a subscription to a Visa card, which is the first and only one of  its kind in Armenia. This allows MyAmeria users to see the foreign  platforms they have attached their Visa card to as a payment method  in the last 13 months. This is noted in the message of Ameriabank.

ArmInfo.In February and March 2023, "The Power of One Dram" will support a project to install solar water heaters in Artsakh.