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Top Insights

Net profits of RA banks | H1 – 2023/2024

In January-June 2024, RA banks registered AMD 172 billion net profit, which is about 1.2 times higher than last year. The highest profit was registered by Ardshinbank (AMD 50 billion). All banks made a profit, but 4 out of 18 commercial banks recorded a decrease in net profit.

16 July, 2024

3 min read

Information Technology Sector in Armenia 2023

You can learn more about the IT sector of Armenia in the report prepared by Modex advisory company.

02 April, 2024

5 min read

Top IT taxpayers 2022-2023

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.

26 January, 2024

6 min read

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% […]

04.06.22

5 min read