Armenian MP: Bill on TV and radio placed into circulation

News.am, Armenia
April 27 2020

22:23, 27.04.2020
                  

Today a bill has been placed into a circulation, and we have talked about the need for and importance of this bill for the past year. This is what Chair of the Standing Committee on Science, Education, Culture, Diaspora, Youth and Sport of the National Assembly of Armenia Mkhitar Hayrapetyan posted on his Facebook page today, adding the following:

“As I have declared from the podium of the National Assembly several times, we will be implementing serious reforms in television and radio with this bill and will reaffirm our will and willingness to clean the airwaves.

Taking into consideration the fact that you have many questions regarding the legislative initiative, on April 30 at 12:00 my colleagues and I will answer your questions live on my Facebook page.”

COVID-19: Armenia reports highest number of new cases in 24 hours since outbreak began

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 11:07, 30 April, 2020

YEREVAN, APRIL 30, ARMENPRESS. 134 coronavirus cases were confirmed in Armenia in the past 24 hours, and 29 more patients have recovered, NCDC reported.

The total cumulative number of confirmed cases has reached 2066, with 929 recoveries.

The number of fatalities has reached 32. 

The number of active cases stands at 1103. 

Healthcare authorities said the latest two fatalities were patients with underlying health conditions and died not because of COVID-19.

Reporting by Lilit Demuryan; Editing and Translating by Stepan Kocharyan

President-elect of Artsakh meets with Chairman of United Homeland party

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 16:55,

YEREVAN, APRIL 29, ARMENPRESS. Newly-elected President of the Republic of Artsakh, leader of the Free Fatherland party, Arayik Harutyunyan met with Chairman of the United Homeland party Samvel Babyan on the sidelines of his political consultation.

“We had a constructive discussion on the possible political cooperation and in this context on the combination of our program provisions. We both highlighted the domestic unity and joint resistance to the current challenges for the peaceful and stable development of Artsakh. We reached an agreement to continue the consultations in the future”, the President-elect of Artsakh said on Facebook.

 

 

Editing and Translating by Aneta Harutyunyan

Russia coronavirus cases grow by 4,774 over past day

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 13:18,

YEREVAN, APRIL 23, ARMENPRESS. The number of novel coronavirus cases in Russia has grown over the past day by 4,774 to 62,773 in all regions, TASS reports citing the anti-coronavirus crisis center.

Some 4,891 patients have recovered and 555 others have died.

“Russia has registered a rise in coronavirus infection cases to 62,773 (+8.2%) in 85 regions. Some 471 people have recovered over the past day and 4,891 over the entire period. Over the past day, 42 coronavirus patients have died. The total death toll in Russia has reached 555”, the crisis center reported today.

Some 47.8% of new coronavirus patients (2,282) confirmed in Russia over the past 24 hours have no symptoms.

In late December 2019, Chinese authorities notified the World Health Organization (WHO) about an outbreak of a previously unknown pneumonia in the city of Wuhan, central China. WHO declared the outbreak of the novel coronavirus a global pandemic and named the virus COVID-19. 

According to the data of the World Health Organization, coronavirus cases have been confirmed in more than 210 countries and territories.




Central Bank of Armenia: exchange rates and prices of precious metals – 23-04-20

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 17:27,

YEREVAN, 23 APRIL, ARMENPRESS. The Central Bank of Armenia informs “Armenpress” that today, 23 April, USD exchange rate down by 0.14 drams to 479.67 drams. EUR exchange rate down by 4.09 drams to 516.84 drams. Russian Ruble exchange rate up by 0.12 drams to 6.38 drams. GBP exchange rate down by 0.75 drams to 592.54 drams.

The Central Bank has set the following prices for precious metals.

Gold price up by 431.95 drams to 26379.67 drams. Silver price down by 0.99 drams to 229.94 drams. Platinum price up by 752.44 drams to 11782.21 drams.

Azerbaijan made over 190 ceasefire violations in Artsakh line of contact in one week

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 13:16,

STEPANAKERT, APRIL 18, ARMENPRESS. During the period from April 12 to 18 the Azerbaijani forces violated the ceasefire regime in the Artsakh-Azerbaijan line of contact more than 190 times by firing nearly 1800 shots from various caliber weapons at the Armenian positions, the Artsakh defense ministry told Armenpress.

“The Defense Army forces of Artsakh fully control the situation in the frontline and continue confidently conducting their military service”, the statement of the ministry said.

Edited and translated by Aneta Harutyunyan




Gegharkunik again became the only region of Armenia free from coronavirus

Arminfo, Armenia

ArmInfo.  Gegharkunik region  regained the title of the only region of Armenia free from  coronavirus.     Just three days ago, on April 11, the first case of COVID-19 was  reported in Gegharkunik. Meanwhile, yesterday it became known that  the second test for coronavirus is negative.     The doctors decided to conduct the third test. As governor of the  region Gnel Sanosyan wrote on his Facebook page, the third test also  gave a negative result. Thus, further medical care of this patient  will be carried out taking into account medical indications. Despite  the good news, the governor again called on citizens to be vigilant,  strictly observe personal hygiene rules and leave the house only in  case of emergency.     Sanosyan also expressed gratitude to the doctors, especially the  staff of the Nork Infectious Disease Hospital and the Surb Grigor  Lusavorich MC, for their selfless struggle for the health and life  of each patient. We add that in total, 1067 cases of coronavirus were confirmed in the republic, 265 people recovered. Currently, 786  citizens are receiving treatment.

RFE/RL Armenian Report – 04/08/2020

                                        Wednesday, April 8, 2020
Armenian Government Maintains ‘Cautious Optimism’ Over Coronavirus
April 08, 2020
        • Emil Danielyan
Armenia -- A COVID-19 patient is brought to the Surp Grigor Lusavorich hospital 
in Yerevan, April 8, 2020.
Prime Minister Nikol Pashinian said that Armenia may have already passed its 
peak of COVID-19 infections as his government reported another relatively modest 
rise in new coronavirus cases on Wednesday.
Pashinian cited in the morning official statistics showing that 28 more people 
tested positive for coronavirus in the past day, bringing the total number of 
cases to 881. Almost as many other Armenians recovered from the disease during 
the same period, he said.
He also reported another coronavirus-related fatality which raised the country’s 
death toll from the epidemic to 9. The latest victim was 93 years old and also 
suffered from cancer, he said.
“Overall, we are maintaining cautious optimism,” Pashinian wrote on Facebook. 
“If this statistics continues it will mean that we have passed the peak of 
coronavirus and that peak was on March 31.”
Armenia had only 249 confirmed coronavirus cases when its government issued 
stay-at-home orders and forced the closure of nonessential businesses on March 
24. The number of infections continued to rise by over 10 percent per day in the 
following days, leading the authorities to impose additional restrictions on 
people’s movement.
Government data suggests that the daily infection rate began falling 
significantly on April 3. The Armenian Ministry of Health reported only 11 
confirmed cases on Monday and 20 cases on Tuesday.
Armenia -- Prime Minister Nikol Pashinian answers questions from Facebook users, 
April 6, 2020.
According to the ministry, a total of 114 people have recovered from the 
potentially lethal disease to date. Pashinian said that almost 90 percent of the 
still infected and hospitalized citizens “do not even have a fever.” But he 
added that eight other COVID-19 patients are in a critical condition.
The prime minister stated on Tuesday that the government will consider easing 
its restrictions if the downward trend continues in the coming days. In the 
meantime, he said, Armenians should continue to strictly comply with the 
nationwide lockdown.
Health Minister Arsen Torosian echoed that appeal on Wednesday. In a Facebook 
post, he said that nearly 3,000 healthcare workers across the country are 
involved in the fight against the epidemic.
“They get too little sleep, don’t eat enough and don’t get to see their loved 
ones,” wrote Torosian. “They will be powerless [to stop the spread of 
coronavirus] unless each of us makes his or her own contribution to this 
endeavor.”
Chinae -- Boxes of medical supplies are loaded onto a transport plane bound for 
Armenia, April 8, 2020.
Meanwhile, Deputy Prime Minister Tigran Avinian, who coordinates the 
government’s response to the epidemic, announced in the evening that a planeload 
of vital medical supplies will arrive in Armenia from China in within the next 
few hours.
Avinian said the consignment includes 120 lung ventilators, 60,000 coronavirus 
test kits, 340,000 medical masks, 100,000 pieces of protective medical clothing 
as well as medication. They were purchased by the Armenian government or donated 
by Chinese authorities and private benefactors from the two countries, he said.
“We want to thank the Chinese government for helping to organize the flight,” 
added Avinian.
The Armenian health authorities are planning to significantly expand COVID-19 
testing in an effort to keep the epidemic under control. Pashinian said on 
Monday that the daily number of such tests, which has varied from 200 to 400 in 
the last two weeks, will likely reach 1,000 by the end of this week.
Ter-Petrosian Voices Support For Government
April 08, 2020
        • Tatevik Lazarian
        • Ruzanna Stepanian
Armenia - Opposition leader Levon Ter-Petrosian at his election campaign 
headquarters in Yerevan, 2Apr2017.
Former President Levon Ter-Petrosian has praised the Armenian government’s 
efforts to contain the spread of coronavirus and condemned “fierce” attacks 
launched against it by hardline opposition forces.
Some political allies of Prime Minister Nikol Pashinian were unimpressed by the 
show of support, however, saying that Ter-Petrosian also seemingly proposed a 
dubious deal between Armenia’s current government and previous leadership 
overthrown in the 2018 “Velvet Revolution.”
In an article posted on Ilur.am late on Tuesday, Ter-Petrosian said the 
coronavirus pandemic has left Armenia in a “warlike situation” fraught with 
potentially catastrophic consequences for its population. He insisted that for 
all their “mistakes and shortcomings” the current authorities have been takin 
necessary steps to deal with the unprecedented health crisis.
“But just as the authorities are working hard practically around the clock a 
huge army of unappreciated geniuses, provocateurs and ill-wishers has opened a 
second front against them through countless media outlets and hundreds of fake 
[social media users] controlled by known forces,” he wrote.
Ter-Petrosian, who ruled Armenia from 1991-1998, pointed the finger at Serzh 
Sarkisian and Robert Kocharian, two other former presidents who have been 
prosecuted by the current authorities. He said media outlets controlled by them 
should stop their “fierce struggle against the authorities.”
Some of Sarkisian’s aides were quick to scoff at the appeal. They said that 
Ter-Petrosian glossed over what they describe as the Pashinian government’s 
political persecution of his fellow ex-presidents.
Pashinian did not react to the latest statement by his former political mentor. 
One of his close associates, deputy parliament speaker Alen Simonian, said on 
Wednesday that he “understands” the concerns voiced by Ter-Petrosian.
“President Ter-Petrosian knows what it means to govern the country during times 
of crisis,” Simonian told RFE/RL’s Armenian service.
But another senior pro-government lawmaker, Andranik Kocharian, criticized 
Ter-Petrosian’s call for a halt to an ongoing parliamentary inquiry into the 
April 2016 hostilities in Nagorno-Karabakh.
Armenia - Former President Levon Ter-Petrosian (L) and Nikol Pashinian greet 
supporters in Yerevan's Liberty Square, 31 May 2011.
Pashinian initiated the inquiry last year with the stated aim of assessing the 
Sarkisian administration’s preparedness for the four-day fighting which nearly 
escalated into an all-out Armenian-Azerbaijani war. The probe is conducted by an 
ad hoc commission of the Armenian parliament headed by Andranik Kocharian.
Kocharian (no relation to Robert) noted that Ter-Petrosian’s article came just 
hours after Serzh Sarkisian agreed in principle to testify before the 
commission. He suggested that Ter-Petrosian might be trying to prevent Sarkisian 
from shedding more light on a surprise meeting held by the two ex-presidents 
later in April 2016.
“A deal seems to be proposed: do not investigate the events of April 2016 and in 
return for that Robert Kocharian and Serzh Sarkisian will tell their media to 
sober up and stop saying bad things about the authorities,” said the influential 
Pashinian ally.
In his article, Ter-Petrosian said that a freeze on the parliamentary 
commission’s activities would help to ease political tensions in the country.
Pashinian played a prominent role in Ter-Petrosian’s opposition movement that 
nearly brought the latter back to power after a disputed presidential election 
held in February 2008. The former journalist spent about two years in prison as 
a result of a post-election government crackdown on the Ter-Petrosian-led 
opposition.
Pashinian fell out with Ter-Petrosian after being released from prison in 2011. 
Nevertheless, Ter-Petrosian’s Armenian National Congress (HAK) party welcomed 
the Pashinian-led mass protests that led to Sarkisian’s resignation in April 
2018.
Karabakh’s Presidential Runoff Still On Despite First Coronavirus Case
April 08, 2020
        • Artak Khulian
Nagorno-Karabakh -- A polling station in Stepanakert, March 31, 2020.
Authorities in Nagorno-Karabakh seem determined to hold the second round of a 
presidential election after reporting the first case of coronavirus on Tuesday.
The infected person is a 63-year-old woman from Mirik, a small village more than 
80 kilometers south of Stepanakert. Karabakh officials say that she was 
hospitalized on April 2 several days after returning from Armenia. According to 
them, all village residents were put in quarantine or told to self-isolate after 
she tested positive for coronavirus.
A Karabakh task force coordinating measures against the coronavirus confirmed on 
Wednesday that the woman participated in the first round of voting held on March 
31. But it downplayed this fact, saying that just like all other voters she wore 
a protective mask and gloves and received a single-use pen at a local polling 
station.
The March 31 vote went ahead despite serious concerns about the spread of 
coronavirus in Karabakh.
Its official results showed Ara Harutiunian, a wealthy businessman and former 
prime minister, winning over 49 percent of the vote and narrowly falling short 
of an outright victory. Another major candidate, Masis Mayilian, finished second 
with 26.4 percent. The two men should thus face each other in a runoff vote 
scheduled for April 14.
Citing the coronavirus pandemic, Mayilian on Sunday urged supporters to boycott 
the vote. But he stopped short of withdrawing from the presidential race.
Even after reporting the first coronavirus case, the authorities in Stepanakert 
gave no indications that the second round will be postponed. The chairwoman of 
the local Central Election Commission (CEC), Srbuhi Arzumanian, told RFE/RL’s 
Armenian service on Wednesday that they are planning to take “additional safety 
measures” on April 14.
Harutiunian signaled support for this stance. “I also understand the 
authorities’ concerns,” said Vahram Poghosian, a spokesman for the election 
frontrunner. “Fortunately, it must be noted that the situation is still 
manageable.”
Karabakh Armenians also elected on March 31 their new parliament. Harutiunian’s 
Free Fatherland party won more than 40 percent of those votes and will control 
16 of the 33 parliament seats.
The United Homeland party of Samvel Babayan, a former Karabakh army commander, 
will be the second largest parliamentary force with 9 seats. Three other 
political groups will also be represented in the local legislature.
Azerbaijan strongly condemned the Karabakh elections, saying that they run 
counter to Azerbaijani and international law. It also said that that the 
Armenian-populated territory, which broke away from Azerbaijani rule in 1991, is 
governed by an “illegal regime installed by Armenia.”
U.S., Russian and French diplomats co-heading the OSCE Minsk Group stressed, for 
their part, that Karabakh is not recognized as an independent state by the 
international community and that “the so-called general elections” cannot 
predetermine the outcome of Armenian-Azerbaijani peace talks mediated by them.
By contrast, Armenia defended the holding of the elections. Prime Minister Nikol 
Pashinian described the polls as democratic and said they could facilitate a 
resolution of the Karabakh conflict.
Russian Military Sends Coronavirus Aid To Armenia
April 08, 2020
Armenia -- A truck carrying medical equipment is unloaded from a Russian 
military transport plane at Yerevan airport, April 7, 2020.
The Russian military has sent a team of medics and special equipment to Armenia 
to help it detect and prevent coronavirus cases among Armenian and Russian 
military personnel serving in the country.
Two Russian military transport planes delivered the assistance to Yerevan on 
Tuesday night. According to the Armenian Defense Ministry, it includes Russian 
army specialists in virology and epidemics, a coronavirus testing lab and a 
sample collection system for COVID-19 tests.
In a statement, the ministry said the assistance was provided in line with an 
agreement reached by Russian Defense Minister Sergey Shoygu and his Armenian 
counterpart Davit Tonoyan. It will “substantially enhance the effectiveness of 
anti-epidemic measures” taken at the Armenian army units and the Russian 
military base in Armenia, added the statement.
“It’s a mobile team equipped with an epidemiological laboratory and it will be 
working together with our sanitary epidemiological service,” Tigran Avetisian, a 
high-ranking Armenian army medic, told the Defense Ministry’s Zinuzh TV program.
Avetisian spoke as the equipment was unloaded from the Russian planes at a 
Yerevan airport. He said the mobile lab will be able to process up to 100 
coronavirus tests a day with secretion samples to be collected at all military 
bases in the country.
In Avetisian’s words, Russian brigades of army medics dispatched to Italy and 
Serbia earlier are using the same equipment.
The Armenian military has so far confirmed six coronavirus cases within its 
ranks. It said that the infected and hospitalized soldiers served in a noncombat 
army unit.
The Russian base in Armenia has reported no such cases among its 5,000 or so 
troops.
Russia and Armenia have close military ties cemented by bilateral agreements and 
their membership in the Russian-led Collective Security Treaty Organization.
Reprinted on ANN/Armenian News with permission from RFE/RL
Copyright (c) 2020 Radio Free Europe / Radio Liberty, Inc.
1201 Connecticut Ave., N.W. Washington DC 20036.
 

CIVILNET.OPEC+ Orders Unprecedented Supply Cuts, But Expensive Crudes Still At Risk: Petrostrategies

CIVILNET.AM

21:08 

The article was published in the World Energy Weekly, a publication of Petrostrategies, a French think-tank specializing in energy sector.

On April 9, during an extraordinary eleven-hour video conference (webinar), the OPEC+ countries agreed to slash their production by an official volume of 10 million b/d for May and June 2020, as compared to a benchmark production level of 43.85 million b/d, corresponding to a cut of 22.8%. The implementation of their agreement, however, will depend on the attitude of two countries, Mexico and the United States. Will Mexico pledge to reduce its output by the volume requested by other OPEC+ countries (i.e. 400,000 b/d), or will it persist in wanting to reduce it by only 100,000 b/d? OPEC+’s final statement ends as follows: “The agreement is conditional on the consent of Mexico”, a sentence which was allegedly added at the request of the Saudis. The Mexican minister left the conference before it ended. The decision is now in the hands of his President, Andres Manuel Lopez Obrador (AMLO), one of whose main policy goals is to increase his country’s oil production. During the video conference, AMLO was called by his Venezuelan counterpart, but when PETROSTRATEGIES went to press, he had not yet given an answer. The OPEC+ agreement has therefore not been signed by the countries that negotiated it.

The second question is: how big will the drop in US production be over the coming months, and will it be deemed sufficient by Russia, a key OPEC+ country whose Energy minister seems to have played a central role during the video conference? In Russia, influential political currents refuse to accept that the Americans may continue to increase their oil market share at the expense of the OPEC+ countries which are reducing theirs to support prices. Vladimir Putin’s support for this viewpoint in early March was one of the main reasons why the previous OPEC+ meeting failed on March 6, after which Saudi Arabia launched a price war

The production cuts by OPEC+ countries will be implemented on the baseline of the levels reached in October 2018. However, Saudi Arabia and Russia will have to reduce their output compared to a reference level of 11 million b/d. In so doing, the two countries would therefore theoretically cut their production by 2.5 million b/d each. Together, OPEC+ countries (including Mexico) would reduce their crude oil production to 33.85 million b/d. But although the output of other OPEC countries is currently almost at the same level as in October 2018 (it has fallen by around 500,000 b/d, according to PETROSTRATEGIES’ estimates), that of Saudi Arabia and Russia has varied. The Wahhabi kingdom’s current production is thus estimated at 12.3 million b/d – furthermore, this level has not been confirmed by so-called secondary sources ; the cut actually accepted by Riyadh would therefore be 3.8 million b/d. Conversely, current production in Russia is only 10.4 million b/d; the actual reduction in Russian production would therefore be only 1.9 million b/d. In reality, therefore, the reduction in OPEC+ production from the current level would amount to some 10.9 million b/d.

After the initial reduction of 10 million b/d planned for May and June, the OPEC countries have agreed to lower their production by 8 million b/d over the following six months (from July 1 to December 31, 2020), then by 6 million b/d over the following sixteen months (from January 1, 2021 until April 30, 2022), compared to the agreed baselines. “The agreement will be valid until 30 April 2022, however, the extension of this agreement will be reviewed during December 2021”, said the final OPEC+ statement. In addition, on June 10, 2020, OPEC+ will hold a video conference to “determine further actions, as needed to balance the market”.

The OPEC+ countries are hoping that other countries will join their effort to cut supply (Saudi Arabia’s Minister of Energy, Abdulaziz bin Salman, mentioned the United States, Canada and Brazil). “They will do it in their own way, using their own approaches, and it is not our job to dictate to others what they can do based on their national circumstances”, said the Saudi minister. The main question-mark is the United States of course. Donald Trump praised the OPEC+ deal, saying in his peculiar style that it was “a great day”. A senior Trump administration official welcomed the deal, saying: “These commitments would send an important signal that all major oil producing states will respond in an orderly manner to market realities caused by the Coronavirus pandemic”. According to the EIA, US oil output declined by 600,000 b/d during the week ending April 3, to 12.4 million b/d. The DoE agency is forecasting a fall of 2 million b/d until the first quarter of 2021. American officials worked hard to convince OPEC+ countries that although free market rules prevent them from telling companies what to produce, low prices prevailing on the market will be responsible for shifting the US oil supply towards lower levels.

Perhaps the most important aspect of the OPEC+ agreement is the duration of the planned reductions: two years, which is unprecedented. This can be explained by uncertainty about how long the pandemic will last, and how serious its impact on oil demand will be; and also, no doubt, by the fact that it was almost impossible for countries in this group to decree and apply a more massive reduction volume, i.e. 15 to 20 million b/d. Of course, no one expects all OPEC+ countries to faithfully meet their reduction commitments, let alone over such a long period. One may deduce that even if oil prices recover somewhat over the coming months, and after the end of the pandemic, they will not rise very much. The huge excess stocks that are piling up all over the world will burden prices for a long time to come. One is therefore justified in thinking that crude oil prices will remain moderate and that production of expensive oils (from sands and shale) will decline.

In picture: Russia’s President Vladimir Putin (R) and Saudi Arabia’s Crown Prince Mohammed bin Salman attend the G20 Leaders’ Summit in Buenos Aires, on November 30, 2018. (Photo credit: LUDOVIC MARIN/AFP). 
 

The joint digital platform of IDBank and Idram is already a reality

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 14:49, 31 March, 2020

“Stayhome, make non-contact payments and transfers”, say Idramand IDBankand introduce to the market a complete and unique toolset in the field of personal finance management, that sets a new benchmark in the financial market. With the slogan Walletandbanking,the joint digital platform of the two companies offers a set of services, which means you can make all your daily financial transactions without leaving home, which is especially important in the present situation.

 

So, through the Idram app and Idbanking.am platform it is possible to:

 

  • Become a platform customer online, bypassing remote identification within seconds.
  • Take advantage of nearly a dozen of non-contact payment solutions with QR and NFC technology, which completely exclude the need for cash in general. You can now access over 2,000 sales-stores, including supermarkets, pharmacy and almost all online delivery and distribution networks, food and other stores of first necessity via the remote payment options.
  • To do shopping from more than 200 online stores through just a few simplest steps.
  • Make instant payments for over 250 services: utilities, telecommunications, taxes, loans, account replenishment and a number of other services.
  • Make carpaymentsor sign carinsurancecontracts with any of the insurance companies.
  • AttachanybankcardtoIdramwalletandmaketransactions.
  • Make transfers without any commission,betweenIdramaccounts, aswellasfromIdramto your Rocket card.
  • GetCashbackin case youmakenon-contactpayments in our partner companies (See Partner List here).

 

  • Order a bank card directl yfrom the app.
  • Opensavingaccounts, currentaccounts, also in foreign currency.
  • Geta loan upto 5,000,000 with a speed of a rocket,make loanrepayments andBanktransfers within a few seconds.
  • Getmoneyto your preferred bank accountthrough one of thefastmoneytransfersystems via a few simple actions.

 

When you make use of these services, a method of payment can be both wallet balance and any attached bank card, and if you are a customer of IDBank, also, any of your bank accounts.

 

# Stayhome: to take advantage of all the benefits of the digital platform you just need to download the app and go through remote identification.

 

“We have still announced the launch of the new open, joint digital platform last year, the first product of which was Rocket card. Walletandbankingis the next level of the development of that platform, the imperative of the time and the only way to meet the needs of our many customers. This is a one joint tool for all types of payment and financial services, which completely excludes the need to attend banks, contact with cash and the need to be physically involved in personal finance management. By the way, a few days ago we cancelled the commission fee for transfers made from Idram account to another Idram account, contributing also to the extra encouragement of non-cash transfers: this is one of the most convenient tools for transferring money to each other at present,” stated Arsen Kdenyan, one more time noting that Idram is open for such kind of cooperation with all the interested financial institutions.

 

IDBank’s Director of Digital Banking, Sergey Arakelyan, noted it’s been a long time that the Bank’s clients are making use of the banking services suggested by this platform, the list of which became more complete.

 “If you need to order a card, get a loan or make a repayment, open a saving or current account, manage your accounts and get a number of other banking services, all of this is available anytime and anywhere through the Idram app and Idbanking.am system making a few simplest steps. I can mention with pleasure and confidence that the format of our cooperation with Idram is the first successful experience of open banking in the Armenian market. In the framework of our partnership with IDBank, other good news is coming soon. I advise users of the platform to follow the updates to be the first to take advantage of the new benefits”, said Sergey Arakelyan.

The joint digital platform of IDBank and Idram is thus the widest toolset for managing your personal finances.

IDRAM  AND IDBANK ARE CONTROLLED  BY THE CBA