Insights

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 […]

According to the 2021-2026 RA Government Programme, it is targeted to increase the FDI net inflow/GDP ratio to 6% by 2026. Due to the favorable external economic factors, it was possible to rapidly improve this indicator and to come significantly closer to the set target. A record-high FDI net inflow was registered in 2022 In […]

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 […]

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 […]

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 […]

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 […]

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 […]

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.

In January-September 2022, FDI inflow to the real sector of the Armenian economy amounted to $708.2 million, 36.2% more than last year. It should be mentioned that the increase of FDI inflow in AMD terms equaled 19.4%, meaning that the 36.2% USD increase was largely due to AMD appreciation. In Q1-Q3 2022, Russia had the […]

According to the 2021 data, about 457.3 thousand people are employed in SMEs, or 68.1% of total registered employees. In 2021, the share of SME employees increased by 1% compared to the previous two years. In 2021, 16.9% of SME employees were employed in the trade sector.

In January-September 2022, 67 out of the top 1000 biggest taxpayers in Armenia are IT companies, In January-September 2022, the 67 IT companies from the list paid AMD 36.3 billion in taxes or 2.6% of the total income supervised by the State Revenue Committee (SRC). Note: The taxes paid by each company is calculated as […]

In January-September 2022, RA banks registered AMD 188 billion net profit, which is 3 times higher than last year. Ardshinbank registered the biggest profit with AMD 41.1 billion. All banks worked with profit, however, in the case of 3 out of 17 commercial banks, a decrease in net profit was recorded.