Over the last year, 64.6% of the formal jobs growth was generated by SMEs
In June 2022, the number of formal jobs increased by 33,482, or 5.1%, compared to the last year. During the observed period, the jobs generated by SMEs increased by 8.7%, and the contribution of SMEs to the growth of formal jobs was 21,638 or 3.3%, If in June 2021, the share of SMEs in formal […]
Top 20 IT taxpayers in Armenia | H1 2022
In the 2nd quarter of 2022, there were 39 IT companies on the list of the top 1000 biggest taxpayers in Armenia, In the first half of 2022, those companies paid 25.2 billion AMD in taxes and fees, of which 4.3 billion AMD was for profit tax and 16.2 billion AMD was income tax, For […]
Net profit of RA banks | H1 2021/22
In January-June 2022, RA banks registered AMD 111 billion net profit, which is 3 times higher than last year, The highest profit was registered by Ardshinbank (AMD 20.1 billion), Compared to the 1st half of the last year, the net profit of 4 out of 17 commercial banks decreased, while VTB Armenia recorded a financial […]
Global Findex 2021 – Armenia
The Global Findex 2021 survey was conducted in Armenia among 1000 respondents aged 15+, face to face (between August 5 and December 12). The results of the survey show that In the last 12 months, 8.2% (±1.7%) of the RA population aged 15+ made a personal payment using a debit or credit card when making […]
CMTPLI market, 2021
In 2021, theCMTPLI market size in Armenia was about AMD 21.1 billion. The market leader was Rosgosstrakh Armenia with a 30.8% market share, followed by Nairi Insurance with a 22.6% share. In 2021, the share of insurance companies’ current compensations in the revenue structure was on average 79.0%, and in the case of Ingo Armenia […]
Health Insurance Market, 2021
In 2021, the size of the health insurance market of the RA was about AMD 12.6 billion. The market leader was Ingo Armenia with a 30.8% market share, followed by Rosgosstrakh Armenia (26.7% share). In 2021, the share of insurance companies’ current compensations in the revenue structure was on average 71.3%, and in the case […]
Tourism in Armenia | Q1 2022
In the 1st quarter of 2022, about 249 thousand tourists visited Armenia, which is about 32% less than in the same period of 2019, before the COVID-19 pandemic. In the 1st quarter of 2022, 44% of tourists were citizens of the Russian Federation, 23% were citizens of Armenia permanently residing in other countries, and 10% […]
Net profit of RA banks | Q1 2021/22
In January-March 2022, RA banks registered AMD 31 billion net profit, which is 58.6% higher than last year. Ameriabank registered the biggest profit with AMD 7.5 billion. Compared to the first quarter of the last year, the net profit of 4 out of 17 commercial banks decreased, while VTB Armenia recorded a financial loss (AMD […]