AGP Executive Report
Last update: 4 hours agoCashless Push: Armenia’s Armenian Card says its 2026 cash-back drive is lifting ArCa card penetration to about 24–25% by June, with 946,000 cards eligible and 414,000 already receiving rewards; payouts reached AMD 2.1bn in the first half, targeting AMD 7bn for all 2026. EU Capital Markets: EBRD floating-rate AMD bonds worth AMD 5bn were successfully placed on the Armenia Stock Exchange via Converse Bank, with a 36-month maturity and coupons tied to 6-month T-bill yields. Energy & Industry: Iranian Ambassador Khalil Shirgholami renewed calls for Armenia to become an energy transit hub and to build its own oil refinery, while also citing readiness of Iranian firms for North-South works and aiming to raise bilateral trade to $3bn. Agri Policy: Prime Minister Nikol Pashinyan ordered an investment program to boost wheat production, including mapping unused land and drafting support measures after a wheat value-chain review. Green Startups: Armenia launched its first GreenTech Academy for renewable energy and energy-efficiency startups, offering a €40,000 prize fund and training for 15 teams with GIZ support. Political-Economic Shock: The arrest and raids around Prosperous Armenia leader Gagik Tsarukyan have triggered claims of mass business shutdowns and job losses, while courts and prosecutors move on asset confiscation cases tied to Multi Group and Lake Sevan property.
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