The investment will be directed to the expansion and development of the scientific medical content of the platform. It is noteworthy that the investment will create jobs not only for the IT sector but also for medical and nutrition professionals. Another important aspect is that the investment was made in Armenia, i.e. the company remained in the legal and tax field of Armenia, and was not moved to the United States.
Foodstruct is a platform for a healthy lifestyle, fully established and developed in Armenia. It has more than 300,000 monthly visitors, most of whom are from the United States. FoodStruct is highly rated by Google and other search engines, as a result of which Foodstruct traffic is increasing day by day. Despite Google’s high demands on medical articles, the evidence-based content that is created by Armenian medical and biology experts meets the latest scientific standards and ranks high in Google.
HSBC has agreed to sell its Armenia unit to Ardshinbank, subject to regulatory approval, as part of a series of non-core divestments to streamline its global presence, Reuters reported. The sale ... more
The Armenian banks' operations and income in 2023 were analysed and published by local media outlet banks.am. In 2023, Armenian banks recorded a total net profit of AMD230bn, which is 12% ... more
The Green for Growth Fund (GGF), an impact investment fund advised by Finance in Motion, is providing a $5mn loan facility to ARARATBANK, the leading Armenian SME bank. The aim of the partnership is ... more