VTB Armenia Simplifies SWIFT Transfers for Clients

VTB Armenia Simplifies SWIFT Transfers for Clients

This article provides a detailed analysis of the SWIFT/BIC codes for VTB Armenia. It focuses on the primary code, ARMJAM22XXX, and its common use cases. The importance of obtaining the correct branch-specific code is emphasized. Furthermore, the article offers essential tips and considerations for cross-border remittances, aiming to assist readers in successfully completing international money transfers to VTB Armenia. It provides guidance to ensure smooth and accurate transactions.

09/01/2025 International Settlement
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Guide to Sending Money to VTB Bank Armenia

Guide to Sending Money to VTB Bank Armenia

This article provides a comprehensive guide to cross-border remittances with VTB Bank Armenia, covering SWIFT codes, cost-saving tips, acceleration methods, pitfalls to avoid, and important recipient information. It recommends using platforms like XE for potentially better exchange rates, lower fees, and faster transfers. Before initiating a remittance, always double-check all information to ensure the security of your funds. This guide aims to help you navigate international transfers smoothly and efficiently with VTB Armenia.

09/03/2025 International Settlement
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Armenia Tightens IP Laws to Curb Counterfeiting

Armenia Tightens IP Laws to Curb Counterfeiting

Armenia, in collaboration with the World Customs Organization, held a national seminar focusing on combating counterfeit and pirated goods, emphasizing the importance of intellectual property protection. The seminar aimed to strengthen customs control by enhancing the legal knowledge and risk management capabilities of customs officers, as well as fostering cooperation with rights holders. This initiative seeks to safeguard national economic security and public interests. International cooperation and consumer awareness are crucial in the fight against counterfeit goods.

01/26/2026 Customs Knowledge
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Armenia Joins Istanbul Convention to Boost Trade

Armenia Joins Istanbul Convention to Boost Trade

Armenia's accession to the Istanbul Convention aims to simplify international trade procedures, reduce costs, and expand access to overseas markets, ultimately fostering economic development. By adopting the ATA Carnet system, Armenia streamlines customs procedures for temporary imports, benefiting businesses involved in exhibitions, fairs, and professional equipment movement. This move is expected to enhance trade facilitation, making it easier and more efficient for Armenian companies to engage in global commerce and attract foreign investment. The convention's implementation promises to boost Armenia's competitiveness in the international arena.

01/26/2026 Customs Knowledge
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El Edn International Airport Expands Services in Armenia

El Edn International Airport Expands Services in Armenia

El Edén International Airport is located in Armenia, with IATA code AXM and ICAO code SKAR. This airport features modern facilities and primarily serves flights to El Dorado International Airport in Bogotá and Hollywood International Airport in Florida, aiming to provide travelers with an efficient and comfortable flying experience.

08/06/2025 Airport Codes
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Evocabank Armenia Simplifies SWIFT Codes for Global Transfers

Evocabank Armenia Simplifies SWIFT Codes for Global Transfers

This guide provides information on using the Evocabank Armenia SWIFT code, emphasizing the importance of the code PRMLAM22XXX for international money transfers. It highlights how to avoid errors and ensure funds arrive safely and efficiently. The guide also offers resources for finding the correct SWIFT code and provides additional tips for successful international money transfers through Evocabank. Using the correct SWIFT code is crucial for routing international payments to the correct bank and account, preventing delays and potential loss of funds.

09/01/2025 International Settlement
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Armenia Boosts Customs Efficiency with WCO Audit System

Armenia Boosts Customs Efficiency with WCO Audit System

The World Customs Organization (WCO) provided Post Clearance Audit (PCA) support to the State Revenue Committee (SRC) of Armenia, aiming to assist the country's customs administration in implementing a trader-centric audit model and enhancing trade facilitation. The mission covered PCA concepts, objective frameworks, systems audits, audit cycles, and risk management. This support helps Armenian Customs launch its first trader-centric audit pilot project. The initiative is expected to improve compliance and streamline trade processes, ultimately contributing to Armenia's economic growth and international competitiveness.

01/05/2026 Customs Knowledge
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Armenia Enhances Trade Via Customs Time Release Study

Armenia Enhances Trade Via Customs Time Release Study

The WCO organized a TRS workshop in Armenia to enhance customs efficiency and promote trade facilitation. The workshop aimed to improve the effectiveness of Armenian customs procedures. Through the Time Release Study (TRS), bottlenecks were identified and action plans were developed to address them. This initiative aligns with WTO requirements for trade facilitation and contributes to streamlining cross-border trade processes. The TRS provides valuable insights for optimizing customs operations and reducing delays, ultimately benefiting businesses and consumers.

01/05/2026 Customs Knowledge
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Armenia Modernizes Customs with WCO for Ecommerce Growth

Armenia Modernizes Customs with WCO for Ecommerce Growth

The World Customs Organization (WCO) is assisting Armenian Customs in implementing the Mercator Programme, aimed at simplifying customs procedures, reducing trade costs, and improving efficiency. The program covers key areas such as advance rulings, risk management, and single window systems, with the goal of modernizing Armenian Customs and promoting its economic development. Other developing countries can learn from this example by actively participating in WCO projects to improve their own trade facilitation levels.

01/26/2026 Customs Knowledge
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Armenia Boosts Customs Efficiency Via Wcos Blue Corridor Initiative

Armenia Boosts Customs Efficiency Via Wcos Blue Corridor Initiative

Armenia is collaborating with the World Customs Organization (WCO) to enhance trade facilitation by building an efficient "Blue Lane" through improved risk management and post-clearance audit capabilities. A WCO expert team conducted a diagnostic mission to Armenia, providing support for optimizing its risk management system, refining post-clearance audit mechanisms, strengthening international cooperation, and enhancing the capacity of customs officers. This collaboration aims to assist Armenia in achieving its trade facilitation goals by modernizing customs procedures and reducing barriers to trade.

01/26/2026 Customs Knowledge
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