it tax
Taxes paid by the top IT taxpayers | Q1-Q3 2022/23

Note: The taxes paid by each company is calculated as the difference between the total amount paid by the company and the amounts returned to the unified account in terms of VAT and excise tax.

10.11.23
5 min read
Top IT
Top IT taxpayers | 2023 Q1-Q3

In January-September 2023, 69 IT companies were included in the list of 1000 large taxpayers. In January-September 2023, IT companies from the list paid AMD 59 billion in taxes or 4.2% of the total income supervised by the State Revenue Committee (SRC). 69 IT companies paid AMD 8.4 billion as profit tax, of which 20% […]

27.10.23
4 min read
banks net profit
Net profits of RA banks | Q1-Q3 – 2022/2023

In January-September 2023, RA banks registered AMD 215 billion net profit, which is about 11% more than last year. The highest profit was registered by Ardshinbank (AMD 56.9 billion). All banks made a profit, but 6 out of 18 commercial banks recorded a decrease in net profit.

17.10.23
2 min read
top companies 2022
Top 10 largest companies | 2022

It is noteworthy that in the case of individual companies, transactions with related parties may not be expressed in real prices, which may have a significant impact on the evaluation of the company’s performance.

23.08.23
4 min read
net profit banks
Net profits of RA banks | H1 – 2022/2023

In January-June 2023, RA banks registered AMD 142 billion net profit, which is about 1.2 times higher than last year. The highest profit was registered by Ardshinbank (AMD 38.2 billion). All banks made a profit, but 4 out of 18 commercial banks recorded a decrease in net profit.

18.07.23
2 min read
it taxpayers
Top IT taxpayers | 2023 Q1

In January-March 2023, 65 IT companies were included in the list of 1000 large taxpayers. In January-March 2023, IT companies from the list paid AMD 17.3 billion in taxes or 5% of the total income supervised by the State Revenue Committee (SRC). Note: The taxes paid by each company is calculated as the difference between […]

28.04.23
3 min read
net profits banks
Net profits of RA banks | Q1 – 2022/2023

In January-March 2023, RA banks registered AMD 70 billion net profit, which is about 2 times higher than last year. The highest profit was registered by Ardshinbank (AMD 16.7 billion). All banks made a profit, but 2 out of 18 commercial banks recorded a decrease in net profit. For the first time, Fast Bank was […]

19.04.23
3 min read
Air passenger transport market of Armenia | 2022

In 2022, there were 35,154 scheduled and non-scheduled flights conducted from and to Armenia in 266 directions. In 2022, 3,697,258 passengers arrived and departed from Armenia, which is 54% more than last year. Passenger transportation carried out by Armenian airplanes amounted to 951 thousand, which is 3.1 times more than in 2021. Russia (55.2% of […]

27.03.23
3 min read
investors in ra banks
Banks have dramatically increased investments in RA treasury bonds

At the end of 2022, investments in RA government (treasury) bonds amounted to AMD 1.4 trillion, which is about twice as high as at the beginning of the year. Investments by commercial banks recorded a sharp increase (+ AMD 390 billion or 86%)։ Investments carried out by non-bank residents grew by AMD 107.1 billion or […]

30.01.23
4 min read
top it taxpayers
Top IT Taxpayers, 2022

According to the 2022 data, 60 IT companies have been included in the list of Armenia’s largest 1000 taxpayers, These 60 IT companies paid about AMD 51 billion in taxes and fees or 2.7% of total income supervised by the State Revenue Committee (SRC). Note: The taxes paid by each company is calculated as the […]

25.01.23
3 min read
Where to allocate free assets

Following the Russia-Ukraine war, RA commercial banks recorded a large inflow of currency and deposits ($980 million), as well as a sharp increase in net profit, as a result of this banks were faced with the problem of allocating free assets, considering the limited possibilities of capital absorption of Armenian market. At the end of […]

24.01.23
4 min read
net profit 2022
Net profit of RA banks | 2021-2022

On November 9, 2022, Fast Credit acquired the Central Bank of RA license to carry out banking activities and registered as “Fast Bank” CJSC. Fast Bank’s net profit in 2022 was AMD 7.2 billion, compared to AMD 4.8 billion in 2021.

19.01.23
4 min read