Month: February 2021

Armenia Banking Market Statistics, CAGR, Outlook, and Covid-19 Impact 2026

Emil Lazarian
Neighbor Web SJ
Jan 26 2021
  • Post author By wiseguyreports
  • Post date January 26, 2021

Armenia Banking Market by Sector (Retail Banking, Corporate Banking, and Investment Banking); By Type (Closed Joint-Stock Company [CJSC] and Open Joint-Stock Company [OJSC]) and Region – Analysis of Market Size, Share & Trends for 2019 – 2020 and Forecasts to 2030

ALSO READ :  https://www.einpresswire.com/article/529814795/armenia-banking-market-2020-industry-insights-opportunity-evaluation-outlook-2030

Product Overview
Banking is an agent and financial entity that is allowed to accept deposits and to offer loans on the market. In particular, cash, credit, wealth management, foreign exchange, safe deposit boxes are handled. Deposits are accepted, and other financial transactions and facilities are given. The financial system is tightly regulated and operated in the country by central bank of the country.
Market highlights
Armenia Banking Market was estimated to be of USD 519 million at Armenia in 2018 and it is projected to hit USD 1.7 billion by 2030 with a CAGR of 12% in the forecast period of 2019-2030. The banking sector in Armenia is the country’s main financial industry. Banks that contribute for 90% of the system’s total resources are heavily regulated by the Central Bank.

ALSO READ :  https://industrytoday.co.uk/manufacturing/global-lead-acid-battery-market-2018-share–trend–segmentation-and-forecast-to-2022

3rd Para

ALSO READ :  http://www.marketwatch.com/story/ketone-based-solvents-market-2021-industry-trends-sales-supply-demand-covid-19-impact-analysis-forecasts-to-2026-2021-01-11

Armenia Banking Market: Segments
The market is classified into retail banking, corporate banking and investment banking by sector. In 2018, the category of corporate banking reported the highest revenues. Banks’ funding and lending to small and medium-sized enterprises in Armenia are fairly strong. It is anticipated to be the main growth driver in the country’s banking sector.
While the economic repercussions spread of COVID 19, retail banks now face several big goals, which require different repositioning steps, and also re calibration for the future. Amid social guidance, supervisory and enforcement roles never intended for remote work, they are working to keep their delivery lines open. Given close to zero interest rates and rising market pressure, they are trying to balance income and customer expectations. And they have to track strategies and brand problems that determine their future, as market forces and consumer behavior can shift as a result of the crisis.
Armenia Banking Market: Market Dynamics
Drivers
Large Scale Financing for SMEs
In Armenia, the rapid growth of SMEs leads to huge-scale finance and borrowing for SMEs, which stimulates development in the country’s banking sector. In addition, growing the acceptance and application, through the international financial network, of digital banking innovations would fuel the business growth of the Armenian banking sector. The advanced digital technologies are bringing a new era of market development not only in Armenia but all over the world.

ALSO READ :  http://www.marketwatch.com/story/3d-mapping-and-3d-modelling-market-2020-global-trend-segmentation-and-opportunities-forecast-to-2026-2021-01-11

Restraint
High costs
Despite several years of good economic success, Armenia was negatively and severely impacted by the global economic and financial crisis. The monetary sector of Armenia is underdeveloped and there is minimal interaction with foreign financial markets. The financial sector is described by about 62% of high dollarization, which is one of the region’s largest. This financial polarization, which is anticipated to impede business growth, contributes to large-scale global exchange and remortgaging threats.
Armenia Banking Market: Key Players
• Inecobank CJSC
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• Ameriabank CJSC
• ARARATBANK OJSC
• ArmSwissBank CJSC
• Converse Bank CJSC
• HSBC Armenia
• ID Bank
• ACBA-CREDIT AGRICOLE BANK CJSC
• ArmBusinessBank CJSC
• Ardshinbank CJSC
• Other Prominent Players

The Armenia Banking Market report also contains analysis on:
• Armenia Banking Market Segments:
• By Sector
 Retail Banking
 Corporate Banking
 Investment Banking
• By Type
 Closed Joint-Stock Company (CJSC)
 Open Joint-Stock Company (OJSC)
• Armenia Banking Market Dynamics
• Armenia Banking Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints

Project Officer based in Armenia [Job]

Manouk Vasilian
Relief Web
Jan 26 2021
Organization
  • ASB
Posted
26 Jan 2021
Closing date
14 Feb 2021

Arbeiter-Samariter-Bund country office in Georgia is seeking for qualified candidates for the position of project officer within the project “Stronger together – cooperative action to respond to cross-border emergencies” funded by Directorate-General for European Civil Protection and Humanitarian Aid Operations (ECHO).

Vacancy start date: February 1, 2021

Duty station: Armenia, with frequent travel to Georgia

Contract duration: 24 months

Background information

Arbeiter-Samariter-Bund (ASB) is one of the biggest and oldest German aid and welfare organization with more than one million members. Since its foundation in 1888, ASB has acted as a politically and denominationally independent association. With its first international mission in 1921, the area of foreign aid became an integral part of the organization. Currently ASB has 11 foreign offices and implementing programs in more than 20 countries. ASB, through its officially registered country office in Georgia implemented several EU, German and US government funded projects related to: inclusive disaster risk reduction, provision of social services, improvement of economic and livelihood conditions, resocialization of persons in conflict with law, confidence building, as well as humanitarian assistance to IDPs, conflict affected population and other vulnerable groups, etc.

Starting from February 1, 2021 ASB is implementing the project “Stronger together – cooperative action to respond to cross-border emergencies” funded by Directorate-General for European Civil Protection and Humanitarian Aid Operations (ECHO). Overall objective of the action is to enhance disaster risk management system with special focus on health emergencies in Armenia and Georgia through capacity building and establishing cross border cooperation mechanisms. The duration of the project is 24 months (February 2021 – January 2023).

Duties and responsibilities

The Project Officer will be responsible for implementation of all project related activities planned in Armenia under the supervision and in close coordination with the project management staff. She/he will build, develop and maintain relationships with Armenian partners and stakeholders and contribute to the work of experts and contractors. S/he will liaise with and maintain constant contact and information exchange with local, national and international partners working in Armenia.

More concretely, the project officer is expected to undertake and/or support the following tasks and duties:**

· Set-up and maintain sound coordination, cooperation and collaboration systems and relationships with Armenian stakeholders of the project.

· Represent ASB and establish and maintain good working relationship with Government representatives as well as the project stakeholder local, national and international organizations operating in Armenia and ensure constant communication with them.

· Ensure proper implementation of project activities in Armenia by means of overall and detailed implementation plans to be reflected and reported regularly.

· Ensure that assigned project activities are implemented in accordance with administrative and financial procedures envisaged under the project documents.

· Support the coordination of the work of experts, consultants and contractors hired to implement the project related activities in Armenia.

· Provide input and support to implementation of the communication action plan of the project.

· Support with procurement and contract management of service providers and suppliers in Armenia.

· Provide all necessary data /information on the progress of activity implementation in Armenia.

· Collect ongoing project monitoring data, maintain filing and documentation system and contribute to effective and efficient implementation of project Monitoring and Evaluation plan.

· Contribute to the regular reports and other mandatory project information to the donors, Government representatives, project stakeholders and any other party requesting for such information.

· Other duties as required for smooth and effective implementation of the project related activities in Armenia.

Required skills and experience:

  • Education at the Masters level or equivalent in social sciences, humanitarian affairs, development or other related field.
  • At least 3 years’ experience in working in the development field, focusing on healthcare management and humanitarian assistance either at the national or international level (working with international donor organizations will be an asset). Practical experience in design, planning and implementation of development and humanitarian projects.
  • Experience in provision of administrative / logistical support to various events and capacity building initiatives.
  • Strong analytical skills, the ability to work independently as well as in teams.
  • Excellent written and verbal communication skills in English and Armenian languages. Knowledge of Russian language would be an asset.
  • Computer literacy with practical experience using basic Microsoft office programs, Internet and social media.
  • Willingness to travel in Georgia or other countries in Europe as required based on project activities.

Application Process

ASB seeks applications from individuals to take this position. Interested candidates should submit the following documents:

  • CV in English including detailed information regarding the candidate's experience and qualifications to fill this position.
  • Cover Letter which includes information how the applicant meets the vacancy requirements.
  • Names and contact details of 3 referees.

Only complete applications will be considered.

If you meet the requirements, please submit your application no later than February 14, 2021 to [email protected] Please ensure that you quote "Project Officer based in Armenia” in the e-mail subject line. Only electronic applications will be accepted and only short listed applicants will be contacted.

Country
  • Armenia
Organization
  • Arbeiter-Samariter-Bund Deutschland e.V.
Type
  • Job
Career Category
  • Program/Project Management
Years of experience
  • 3-4 years
Themes
  • Disaster Management
https://reliefweb.int/job/3707460/project-officer-based-armenia

PACE urges Armenia, Azerbaijan to implement provisions of trilateral statement

Emil Lazarian
Public Radio of Armenia
Jan 26 2021
– Public Radio of Armenia

The Parliamentary Assembly of the Council of Europe (PACE) calls on all parties to the Nagorno Karabakh conflict to refrain from inflammatory rhetoric hindering political dialogue.

In an annual progress report, PACE calls on Armenia and Azerbaijan to implement as soon as possible the provisions of the trilateral statement related to humanitarian issues and urges all parties involved to immediately put in action the exchange of prisoners of war and bodies, to respect cultural heritage.

It invites the Monitoring Committee to explore avenues to contribute at parliamentary level to an atmosphere conducive to the peace process.

The Assembly expresses its serious concern about reports and allegations of violations of humanitarian and human rights law by all sides during this conflict and allegations of degradations to some religious sites and monuments, as well as destruction of private property, and expects these reports to be fully investigated and any violations to be remedied and the perpetrators prosecuted.

Armenian, Russian, Azerbaijani Deputy PMs to meet in the coming days

Ani Kharatian
Public Radio of Armenia
Jan 26 2021

The Deputy Prime Ministers of Armenia, Russia and Azerbaijan will meet in coming days, Armenian Deputy Prime Minister Mher Grigoryan’s Office says.

“The meeting will take place in the coming days, the exact date and time are still being determined,” a spokesperson for the Office said in comments to Armenpress.

There is no specific direction or infrastructure on the agenda, discussions will focus on different directions of regional transport unblocking.

The Russian RBC said earlier today that the Deputy Prime Ministers were expected to meet on January 27.

Pursuant to the January 11th statement issued by Armenian Prime Minister Nikol Pashinyan, Russian President Vladimir Putin and Azerbaijani President Aliyev on Monday, a working group co-chaired by the Deputy Prime Ministers of the three countries has been established to discuss the unblocking of transport links in the region.

According to the statement, the Working Group is expected to hold its first meeting by , according to the results of which it will draw up a list of primary tasks arising from the implementation of the Paragraph 9 of the Statement adopted by the leaders of Armenia, Russia and Azerbaijan on November 9.

The priorities shall include rail and road communications, as well as the identification of other directions as agreed upon by the Republic of Azerbaijan, the Republic of Armenia and the Russian Federation, hereinafter referred to as the Parties.

The Working Group’s co-chairs will approve the composition of expert subgroups in these areas from among the officials of the competent authorities and organizations of the Parties. Within a month after the Working Group’s meeting, the expert subgroups will submit a list of projects, which should specify the necessary resources and activities for their implementation and approval at the highest level by the Parties.

By March 1, 2021, the Working Group shall submit for the Parties’ approval at the highest level a list and timetable of activities to restore or build new transport infrastructure necessary for initiating, implementing and providing for the safety of international traffic through the Republic of Azerbaijan and the Republic of Armenia, as well as ensuring the safety of transportations carried out by the Republic of Azerbaijan and the Republic of Armenia through the territories of the Republic of Azerbaijan and the Republic of Armenia.”

TUMO to participate in the Venice Architecture Biennale

Vanyan Gary
Public Radio of Armenia
Jan 26 2021

From May to November 2021, TUMO will participate in the Venice Architecture Biennale, with its own pavilion at the Arsenal, the main area at the Biennale. The Venice Biennale is one of the world’s largest architectural exhibitions. It is attended by some of the world’s most innovative architectural firms, and some of its most renowned scholars. The title of the 17th International Architecture Biennale is “How Will We Live Together?”.

TUMO’s “Learning to Learn Together” installation at the Biennale will explore the future of learning and showcase the international network of TUMOs. The installation is based on a forest of computer-generated “lifelines” that give voice to teenagers from Yerevan and Stepanakert to Berlin and Beirut. The participants of the exhibition will be able to “enter into a dialogue” with TUMO students and learn about their daily life, as well as their dreams and aspirations.

– Public Radio of Armenia

This year, the Biennale will focus on the new challenges currently facing the world, especially those related to architecture, and will propose solutions to these challenges. For this reason, the list of participants is as comprehensive as possible, including not only the entire architectural community, universities and major studios, but also artists, politicians, and journalists. This year’s Biennale curator is Hashim Sarkis, Dean of the Department of Architecture and Urban Planning at Massachusetts Institute of Technology.

“We need a new spatial contract. In the context of widening political divides and growing economic inequalities, we call on architects to imagine spaces in which we can generously live together,” said Sarkis in an opening statement for the Biennale.

The Architecture Biennale, which is being held one year late due to the pandemic, is part of the Art Biennale founded in 1895. The main purpose of the Biennale, held every two years since 1980, is to offer architectural solutions to societal and technological problems. Despite the Bienniale’s international orientation, it also allows architects from around the world to present new projects of local significance.

This year, 112 projects from 46 different countries will be presented at the Biennale. The Biennale is divided into two main sections: The permanent pavilion in the Biennale Gardens as well as the Arsenal, which hosts projects from numerous nations under one roof.

Rep. David G. Valadao to co-chair the Congressional Armenian Caucus

Toneyan Mark
Public Radio of Armenia
Jan 26 2021
– Public Radio of Armenia

Congressman David G. Valadao (R-CA) will co-chair the Congressional Caucus on Armenian Issues, the Armenian Assembly of America reports

“We look forward to working on strengthening U.S-Armenia and U.S.-Artsakh relations together,” the Assembly said in a facebook post.

The Co-Chairs of the Armenian Caucus are Reps. Frank Pallone Jr. (D-NJ), Rep. Gus Bilirakis (R-FL), Congresswoman Jackie Speier (D-CA), and Congressman David G. Valadao (R-CA), with Vice-Chair, Congressman Adam Schiff (D-CA). There are currently 107 Members on the Armenian Caucus.

Iran’s Foreign Minister arrives in Armenia

Edgar Tavakalian
Public Radio of Armenia
Jan 26 2021
– Public Radio of Armenia

Minister of Foreign Affairs of the Islamic Republic of Iran Mohammad Javad Zarif arrived in Armenia within the framework of a regional visit, the Armenian Foreign Ministry reports.

At Zvartnots Airport he was welcomed by Armenian Deputy Foreign Minister Gagik Ghalachyan.

Within the framework of the visit Iran’s Foreign Minister will meet with Armenian Prime Minster Nikol Pashinyan and Foreign Minister Ara Aivazian.

 

It is necessary to pick lessons from the past – Armenia’s Ombudsman presents a historical overview

Emil Lazarian
Aysor, Armenia
Jan 26 2021

Armenia’s Ombudsman Arman Tatoyan made a historical overview about Armenia’s border issues, stressing the necessity to take into account all the mistakes made in the past.


“In 1923 [after the 1921 initiative of I. Stalin ], the "Red Kurdistan" province was artificially created to divide Armenia and Artsakh. This division was made to cover from Karvachar to the Iranian border and from Mrav to the Arax river. Accordingly, those very territories which were within the borders of Soviet Armenia were annexed to Azerbaijan (this issue needs a separate address).

The archival documents related to the determination of the borders of that period are of fundamental importance for the protection of the rights of the border residents of the Republic of Armenia at present.

For example, in 1923, in order to resolve the border disputes between the Red Kurdistan and the Zangezur Province of the Armenian SSR, the Central Executive Committee (CEC) formed a commission in October of the same year where various commissions functioned.

At that time, the border demarcation work with Azerbaijan was still going on with serious difficulties.
In particular, various gangs attacked from the territory of Kurdistan and looted the Armenian border villages of Syunik. There were constant clashes, thefts of cattle from Armenian villagers, provocative arrests, etc.

The archives of the Central Executive Committee of the Armenian SSR in March 1924 attest to these border violations which were compiled on the basis of the applications of the Executive Committee of Zangezur Province.

At that time, there were serious disputes over the demarcation of arable land, pastures, forests and even mountain peaks. In 1926, a local commission was formed, consisting of Axel Bakunts, who was a land builder by profession and who paid special attention to these issues. It is clear from his reports that the Armenian villagers were the main victims, and that their rights were not taken into account.

Axel Bakunts’ October 18, 1926 report suggests that when determining the boundaries of Zangezur, one should take into account the villages’ connections to one another, their capacities (which were already scarce) and the difficulties the people faced, and their economic ties (for example, the connection with Kapan; at that time about 50% of the villagers worked in Kapan copper mines).

Further, on the issue of the borders between Meghri and Zangelan, the USSR KGB in 1925 noted the importance for the Armenian villagers of winter pastures, who at that time were actually used by the residents of the villages of Meghri and Kapan regions without grasslands. Moreover, it was specially mentioned that without these pastures, the cattle breeding in the surrounding villages would be paralyzed.

The situation of the past is very much the same today.

These historical facts show that, at the present time, the issue of demarcation is of fundamental importance for the rights of the border residents of Tegh, Goris, Kapan, the Syunik Region and other communities, both in terms of their right to life and security, and in terms of socio-economic rights. They can be used not only by the villagers to support their daily lives, but also in terms of economic rights.

The archival documents clearly confirm that the more uncertain the border issues or the solution of today's improper mechanical approaches, the more the rights of the villagers will be violated, and increasingly, disputes and conflicts will arise. It is necessary to take into account that now, in the peaceful communities of Armenia, in the immediate [literally meters] neighborhood of the civilians, there are Azerbaijani soldiers and armed personnel.

It is necessary to take into account all the errors made in the past, to learn the necessary lessons from them, and not to allow any violation of the rights of the citizens of the Republic of Armenia.”

Armenia’s PM says their goal is to establish independent, fair judicial system

Kajoyan Gevork
Aysor, Armenia
Jan 26 2021


Armenia’s Prime Minister Nikol Pashinyan conducted today consultation in the Ministry of Justice.

“We have given a big impetus to the reforms in the judicial system recently. The results of these reforms will not become visible immediately, but I am convinced that thanks to consistent steps we will manage to reach the implementation of the goal we have – establishment of independent judicial system and fair judicial system,” Pashinyan said.

Armenia’s president discharged from hospital, will not return to Armenia yet

Eduard Nalbandian
Aysor, Armenia
Jan 26 2021

Armenia’s president Armen Sarkissian has been discharged from hospital, his aide Hasmik Petrosyan told Aysor.am.

“The president has not recovered completely yet, he is getting treatment at home. He feels good and is under doctors’ control,” she said.

Petrosyan noted that after getting relevant permission from doctors he will return to Armenia.