Finance

OIL:  BRENT - 92.83-1.46 WTI - 87.08-1.96
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17/08/2022  CBA:  GOLD - 23165.19-30.27 SILVER - 262.67-2.76
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One Success Story: When the idea turns into reality
18/11/2021 21:25

One Success Story: When the idea turns into reality

TSAYG TV is well known in Armenia.  According to Margarita Minasyan, the director of TSAYG LLC, the television in Armenia cannot ensure large financial flows, though needs large financial investments for development.  That was why the owners decided renovating the own real estate in the center of Gyumri to open a business center and to direct a part of revenues for the development of the TV company.

Once the shareholder meeting took the decision, the Company applied to Converse Bank for a loan, which was approved.  After renovation the premises were leased to various companies.

“We tended to work with young people from the very beginning.  And as it turned out, IT companies are concentrated in our business center today,” Margarita said and added that they were considering the establishment of small productions with the support of Converse Bank.

The project was financed within the scope of the EBRD Women in Business Program.

Converse Bank CJSC SME online lending platform- https://sme.conversebank.am/

Oversight of the Bank is exercised by the Central Bank of Armenia.

Ucom - high speed internet connection starting at AMD 6,500
AMD Rates
10:50 17/08 Buy Sell
AMD / USD 402.00 407.50
AMD / EUR 408.00 415.00
AMD / RUR 6.55 6.80
dollars
dollars
CBA Rates
17/08/2022
USD / AMD
405.96
-0.13%
EUR / AMD
412.94
+1.53%
RUR / AMD
6.70
+0.08%
GBP / AMD
491.13
+2.97%
Cryptocurrencies
10:50 17/08
BTC/AMD
9,885,514
+1.41%
BTC/USD
24343.16
+1.43%
ETH/USD
1941.61
+3.43%
BCH/USD
144.02
+5.87%
XRP/USD
0.388511
+4.38%
LTC/USD
64.51
+6.56%
BNB/USD
322.61
+1.76%
DOGE/USD
0.087930
+10.27%
ETH/BTC
0.079747185
+1.95%
BCH/BTC
0.005915346
+4.35%
XRP/BTC
0.000015957
+2.90%
LTC/BTC
0.002649623
+5.04%
BNB/BTC
0.013250586
+0.31%
DOGE/BTC
0.000003612
+8.70%
CBA Metals
17/08/2022
dram / gram
Gold
23165.19
-30.27%
Silver
262.67
-2.76%
FOREX
08:53 17/08
EUR/USD
1.017
+0.11%
GBP/USD
1.2097
+0.42%
USD/JPY
134.16
+0.58%
EUR/GBP
0.8401
-0.34%
Oil
08:53 17/08
$ / barrel
Brent
92.83
-1.46%
Light Sweet
87.08
-1.96%
COMEX
08:53 17/08
$ / tr. oz
Gold
1790.10
-0.33%
Silver
20.05
-0.79%
Platinum
931.10
+0.18%
LME / 3M
08:53 17/08
$ / tonne
Aluminium
2392.00
+0.08%
Copper
7979.00
-0.01%
Nickel
22235.00
+1.01%
Tin
24600.00
-0.49%
Lead
2163.50
-0.67%
Zinc
3672.00
+3.04%
Molybdenum
33642.50
-0.26%
Cobalt
46955.00
+0.00%
Indexes
08:53 17/08
point
Dow Jones
34152.01
+0.71%
S&P 500
4305.20
+0.19%
NASDAQ
13102.55
-0.19%
FTSE
7536.06
+0.36%
CAC 40
6592.58
+0.34%
DAX
13910.12
+0.68%
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1142.05
+2.62%
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29222.77
+1.23%
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2006.99
+1.26%
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19922.45
+0.46%
SSEC
3292.53
+0.45%
CBA Interest Rates
26/03/2020
Refinancing
Refinancing Rate
9.25
+0.00%
Lombard Repo
Lombard Repo Rate
10.75
+0.00%
Deposit
Deposit Rate
7.75
+0.00%
Macroeconomy
06/2022
CEA
Coefficient of Economic Activity
+8.90%
Ind. Prod. 3
Volume of Industrial Production
1,193.6
+5.80%
Export 1
Export
1,881.5
+36.30%
Import 1
Import
3,271.0
+48.70%
CPI
Consumer price index
+8.10
Avg. Salary 2
Average salary
218,641
+11.30%
Services 3
Volume of services
1,133.3
+26.90%
Construction 3
Volume of construction
149.03
+12.70%
1 - mln AMD, 2 - AMD, 3 - bln AMD