Category: 2019

Panorama, Armenia

Aug 13 2019

Inecobank: Summarizing 2019 Sevan StartUp Summit

16:17,

YEREVAN, AUGUST 12, ARMENPRESS. One of the most anticipated technology events of the region – Sevan StartUp Summit 2019 – has come to its end. More than 120 startups from about 45 countries around the world came together to present their ideas, developed and excel their projects, meet with industry leading experts. And the best ideas competed in “Big Battle” competition to receive awards from Inecobank. As the General Sponsor of Summit, Inecobank awarded financial rewards to Thermoscan, CowNet, and XpressBookstartups. 

 “Summit is a unique platform, which enables to meet initiative individuals who have wonderful ideas. Within these few days, we got to know different startups, heard about innovative and out-of-box solutions, and had the opportunity to share our own experiences with them”: said Aren Naltakyan, Development and Marketing Director. “For the past 23 years, Inecobank has always believed that the right application of the latest and most innovative technologies in any business, particularly in the financial and banking sector, is a guarantee to the development and efficiency” 

Highlighting the day-to-day role and developments of the technology sector, Inecobank sponsored Sevan StartUp Summit 2019, with an to support establishment and development of innovative ideas.

“During the 4 years of the Summit, it has become one of the most beloved and anticipated events in the industry. The Summit organizer, Startup Armenia Foundation, spares no effort to improve the even more and more each year, and provide even greater opportunities to the participants. During the Summit, we met many interesting and knowledgeable young people, shared our own experience and skills. Summit is a great platform for sharing new ideas and making establishing acquaintances,” said Inecobank’sChief Financial Officer Hayk Voskanyan.

Being one of the leading fintech companies, Inecobank will continue to support the establishment and development of the technology sector in Armenia, contributing to the sustainable growth of the economy.

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ABOUT INECOBANK CJSC

Inecobank CJSC is one of the leading banks in the South Caucasus region, focused on individual customers, small and middle market businesses and large corporations offering a full range of commercial banking services including break through and innovative digital banking solutions. For over 22 years the bank has been providing unmatched convenience in Armenia serving more than 500 000 customers and over 200 000 online users.  

Inecobank developed and delivered industry-leading digital banking solutions with the purpose of introducing an entirely new culture of banking services.

• In 2009 the Bank digitalized and fully automated the “Point of Sale Loan” product, reducing the loan generation time from 3-4 days to a few minutes.
• In 2012, with the introduction of InecoOnline, the Bank was one of the first to provide 24/7 banking services to its customers.
• In 2014 the Bank launched InecoMobile, its Mobile banking application, which is the most popular banking application in Armenia with over 100,000 users.
• In 2017, the Bank was the first to introduce a fully automated consumer lending solution through its mobile and online applications, which generates consumer loans 24 hours a day, 7 days a week.
• In 2018, the Bank was the first banking institution in Armenia to introduce InecoPay, the cashless payments new system. 
• The first fully digital Bank in Armenia, which provides complete digital solutions to individuals, such as payments, lending, savings and other 24/7 services.

Yerevan becomes top summer tourist destination for Russians

16:36,

YEREVAN, AUGUST 12, ARMENPRESS. Yerevan has been the most preferred summer destination for Russian tourists, with the dynamics of visits growing around a quarter times, RIA Novosti reported citing statistics issued by Tutu.ru, a Russian online travel platform.

Analysts used June 1 – October 1 2019 tickets and bookings and compared it with the previous year’s data.

“Yerevan became the most demanded foreign direction this summer, in the event when the number of those wanting to spend the summer in Georgia decreased nearly twice,” experts of the company said.

Edited and translated by Stepan Kocharyan

Central Bank of Armenia: exchange rates and prices of precious metals – 12-08-19

17:15,

YEREVAN, 12 AUGUST, ARMENPRESS. The Central Bank of Armenia informs “Armenpress” that today, 12 August, USD exchange rate down by 0.23 drams to 475.90 drams. EUR exchange rate down by 1.20 drams to 532.22 drams. Russian Ruble exchange rate stood at 7.27 drams. GBP exchange rate down by 2.38 drams to 574.25 drams.

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

Gold price вup by 18.78 drams to 22915.62 drams. Silver price down by 0.43 drams to 260.11 drams. Platinum price вup by 192.62 drams to 13204.36 drams.

Utair airlines flight UTA880 from Yerevan to Moscow takes off after 10-hour delay

17:20,

YEREVAN, AUGUST 12, ARMENPRESS. The Utair airlines flight UTA880 from Yerevan to Moscow took off from the Zvartnots Airport in the Armenian capital at 17:00 after a 10-hour delay.

The Boeing 737 was scheduled for takeoff at 07:05, August 12, but was delayed due to technical problems.

The Civil Aviation Committee had earlier said that Utair is working to fix the problem and that passengers would be provided with food and accommodation in the meanwhile.

Authorities did not elaborate what the “technical problem” was.

Edited and translated by Stepan Kocharyan

There is Armenian citizen in Azerbaijan, MoD gives no more details as for now

18:38,

YEREVAN, AUGUST 12, ARMENPRESS. Spokesperson of the Defense Ministry of Armenia Artsrun Hovhannisyan confirms that there is an Armenian citizen in Azerbaijan at the moment.

ARMENPRESS reports Hovhannisyan wrote on his Facebook page, “I confirm that there is an Armenian citizen n Azerbaijan at the moment, but relevant bodies will inform about the circumstances, his identity and other details’’.

Edited and translated by Tigran Sirekanyan

Defense Army serviceman abandons military position, Azerbaijan claims they have caught him

19:09,

YEREVAN, AUGUST 12, ARMENPRESS. Artsakh’s Defense Army serviceman Arayik Ghazaryan, 19, abandoned the military position at about 12:00, August 12 in still unclarified circumstances, ARMENPRESS was informed from the press service of the Defense Ministry of Artsakh.

“According to the information spread by the Azerbaijani media, Ghazaryan is in Azerbaijan. Investigation is underway to clarify circumstances”, reads the statement of the Ministry.

Earlier today, spokesperson of the Defense Ministry of Armenia Artsrun Hovhannisyan confirmed that there is an Armenian citizen in Azerbaijan at the moment.

Edited and translated by Tigran Sirekanyan

Russia’s Security Council Secretary arrives in Armenia

19:30,

YEREVAN, AUGUST 12, ARMENPRESS. The delegation headed by Nikolai Patrushev, the Secretary of the Security Council of the Russian Federation, arrived in Armenia on August 12 at the invitation of Secretary of the Security Council of the Republic of Armenia Armen Grigoryan.

As ARMENPRESS was informed from Armen Grigoryan’s Office, Patrushev is scheduled to meet with Prime Minister of Armenia Nikol Pashinyan and Secretary of the Security Council Armen Grigoryan. During the visit, working discussions will also be held between the Security Council Offices of the Republic of Armenia and the Russian Federation.

Edited and translated by Tigran Sirekanyan

”Step towards Home” brings 192 Diaspora-Armenian youngsters to Motherland

20:02,

YEREVAN, AUGUST 12, ARMENPRESS. The 2nd stage of the ”Step towards Home” project initiated by the Office of the  High Commissioner for Diaspora Affairs kicked off in Tsakhadzor on August 12.  ARMENPRESS reports the Office of the High Commissioner for Diaspora Affairs informs that 190 Diaspora-Armenian youngsters from 28 countries, including Thailand, Montenegro, Qatar and Brazil, have arrived in Armenia.

”Welcome home. During the upcoming two weeks you will visit the sights of Armenia, will discover your Motherland, but the most important thing is that you will establish friendly relations and will be filled with new love towards Armenia”, High Commissioner for Diaspora Affairs Zareh Sinanyan said in his welcome remarks.

The partners of ”Step towards Home” project are ”Teach for Armenia”, ‘VisitArmenia” and ”World Vision” organizations.

200 participants from 300 countries participated in the 1st stage of the project.

Edited and translated by Tigran Sirekanyan

PM Pashinyan meets with relatives of March 1 victims

20:11,

YEREVAN, AUGUST 12, ARMENPRESS. Prime Minister of Armenia Nikol Pashinyan met with the relatives March 1 victims at the Government on August 12.

As ARMENPRESS was informed from the Office of the Prime Minister of Armenia, Pm Pashinyan said, ‘’I want to speak about the decision of the Government made at the last Cabinet meeting, which is about the monetary support to be provided to the successors of the victims. I want it to be clear, this is just a support and should not be taken for compensation, since the life of the citizen of the Republic of Armenia is beyond price. My position is that the final solution to this issue should be decided at the European Court of Human Rights. This decision is an interm step that reflects the political position of the Government of the Republic of Armenia. The future process should take place in the context of the decisions of the ECHR”.

The relatives of March 1 victims noted that following the velvet revolution they have great hopes and expressed confidence that the changes taking place in the country will give the opportunity to carry out a trustworthy investigation and fully expose the March 1 case.

The PM and the relatives of the victims exchanged views on the investigation process of March 1 case and the works aimed at the construction of a memorial dedicated to the memory of March 1 victims.  

Edited and translated by Tigran Sirekanyan