Civilnet- Armenia’s banks together posted nearly $923 million in profit last year, according to the head of the Union of Banks, a sign the country’s banking sector remains one of the main beneficiaries of the regional economic knock-on effects of Russia’s war in Ukraine.
- Meanwhile, turnover in Armenia’s burgeoning tech sector topped $2.3 billion last year.
- The Armenian government decided to grant $150 million loan guarantees to Lydian International, the U.S.-Canadian operator of the long-stalled Amulsar gold mine project.
- The government also approved a first-of-its-kind law regulating cryptocurrencies.
- A step-by-step guide to Armenia’s new income declaration system.
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