EU Commissioner: EU will continue to contribute to economic  development of Armenia

 Thursday, May 16 2024 21:18:00
EU Commissioner: EU will continue to contribute to economic  development of Armenia

ArmInfo. On May 16, Prime Minister of the Republic of Armenia Nikol Pashinyan received  EUCommission Executive Vice-Preside,Trade Commissioner Valdis  Dombrovskis.

Asphalt laying on Tranche-3 road section of North-South transport  corridor to be completed by end of 2023
 Thursday, September 7 2023 15:22

ArmInfo.By the end of the year, work on laying asphalt and concrete structures on the Tranche-3  road section (Lanjik-Gyumri section) of the North-South transport  corridor will be completed, Head of the Road Department Fund Gor  Avetisyan stated during Armenian Premier Nikol Pashiyan's visit to  the Tranche-3 road section.

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EBRD Annual Meeting to be held in Yerevan next year
 Tuesday, September 5 2023 14:34

ArmInfo. Next year, the Annual Meeting of the European Bank for Reconstruction and  Development (EBRD) will be held in Yerevan. This was announced during the meeting of Armenian Finance Minister Vahe Hovhannisyan with the EBRD delegation headed by Bank's First Vice President Jurgen  Rigterink. 

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Growth of economic activity in Armenia is still double-digit, but  already with deceleration tendencies
 Tuesday, September 5 2023 14:33

ArmInfo. The growth of economic activity in Armenia in Jan-July 2023 slowed down to 10.4%  per annum (from 13.1% a year earlier), affecting the pace of exports  and imports. In July of this year by July 2022, the growth of  economic activity slowed down more noticeably - to 6% (from 19.4% a  year earlier), while  in July 2023 alone slowing growth to 7.6% from  June 9.9%, which was more pronounced in July 2022 - up to 8.5% from  June 17%, according to  the final data of the RA Statistical  Committee.

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FLYONE ARMENIA airline congratulates its 1,000,000th passenger 
 Monday, September 4 2023 17:37

ArmInfo. The FLYONE ARMENIA airline has set a new record: the number of passengers served by the  airline has exceeded 1,000,000.  

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Armenia records high macroeconomic indicators despite difficult  period - IMF
 Friday, September 1 2023 13:38

ArmInfo.On September 1, 2023, Armenia's Vice-Premier Mher Grigoryan hosted a delegation of  the International Monetary Fund (IMF) led by Mr Jihad Azour, Director of the IMF Middle East and Central Asia Department. 

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Armenia, Egypt discuss opportunities to expand mutual trade
 Thursday, August 31 2023 14:12

ArmInfo. Armenia and Egypt discussed opportunities for enhancing mutual trade. This was reported  by the press service of the Ministry of Economy, referring to the results of the meeting of Minister of Economy of Armenia Vahan Kerobyan with  Ambassador of Egypt to Armenia Serenade Soliman Gamil.

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EU to provide Armenia EUR 32 million to improve quality of education  in STEM subjects
 Thursday, August 31 2023 14:10

ArmInfo.The European Union will provide the Armenian government with 32 million euros to improve the  quality of teaching and modernize STEM laboratories in 337 schools in the country. On August 31, the Cabinet of Ministers approved the draft Presidential Decree "On Approval of the Financing Agreement "EU  Support to Education in Armenia", signed between the Republic of  Armenia and the European Commission on April 27, 2023 in Brussels and  August 1, 2023 in Yerevan."

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Czech Airlines to resume flights on the route Prague-Yerevan- Prague
 Wednesday, August 30 2023 15:41

ArmInfo.From 2 October 2023 Czech Airlines will resume flights on the route Prague - Yerevan-  Prague. Flights will be operated twice a week: every Monday and Thursday, "Armenia" International Airports" CJSC reports. 

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EDB upgrades its forecast for Armenia`s economic growth to 7.5%
 Wednesday, August 30 2023 11:35

ArmInfo.The Eurasian Development Bank upgraded its forecast for the growth of the Armenian  economy in 2023 to 7.5%. Earlier, the Bank forecasted the growth of the country's GDP up to 4.2%. This is stated in the next Macroeconomic Review of the EDB.  According to the source, economic activity in Armenia increased by 10.4% y/y in Jan-July after 11.4% y/y in Jan-June.

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EUR 27mln sustainable development plan for Vanadzor ready
 Monday, August 28 2023 13:59

ArmInfo.Last year, industrial output totaled AMD 92.4bln in Armenia's Lori province, local  officials told Armenia's Premier Nikol Pashinyan. 

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Armenia, Iran to simplify trucking procedure 
 Monday, August 28 2023 12:10

ArmInfo. Armenia's Minister of Economy Vahan Kerobyan hosted Mr Hojjatollah Abdolmaleki,  Secretary of the Supreme Council of Free Trade-Industrial and Special Economic Zones of Iran. 

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"Continuing best traditions": Armenia again lags behind capital  expenditures plan, biggest shortfall in defense sector. Luys  Foundation
 Friday, August 25 2023 18:44

ArmInfo.The sharp increase in capital expenditures announced by the Armenian government in 2023  threatens to become "a manifesto of good wishes". The experts of the LUYS Foundation, who analyzed the report on the execution of the state budget of the Republic of Armenia for H1 2023, reached this conclusion.

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Economic activity down in Armenia 
 Friday, August 25 2023 18:36

ArmInfo.This January-July saw a ecline in economic activity to 10.4% (against 13.1% last Jan-July)  in Armenia, which affected exports and imports. This July, 6% economic activity was recorded (against 19.4% last July), with 7.6% growth recorded this July against 9.9% this June, and 8.5% last July  against 17% last June. 

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Vahan Kerobyan: About 300 Iranian companies opened in Armenia in H1  2023
 Friday, August 25 2023 18:33

ArmInfo. In the first half of this year, about 300 companies with Iranian capital opened in  Armenia. Minister of Economy of Armenia Vahan Kerobyan told  journalists on the margins of the opening of the "Aras" free economic  zone exhibition. "I think that the intensity is quite good, but we  have wider opportunities.

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Economy Minister: Version of permanent Iran-EAEU free trade document  ready for final signing
 Friday, August 25 2023 18:32

ArmInfo.We have prepared a document on a permanent free trade regime between Iran and the EAEU countries for final signing. This was stated by the Minister of Economy of Armenia Vahan Kerobyan on the sidelines of the opening of the "Free Economic Zones of Iran" exhibition.

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Armenia, Iran to facilitate mechanisms for regulating trade flows  between countries
 Friday, August 25 2023 18:26

ArmInfo.Armenia and Iran intend to facilitate mechanisms, including in the field of collecting customs duties on the border of the two countries. This was discussed at today's  meeting between Head of the State Revenue Committee (SRC) of Armenia  Rustam Badasyan and Advisor to the President of the Islamic Republic  of Iran, Secretary of Iran's Free Zones High Council, Hojatollah  Abdolmaleki.

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New India-Europe transport corridor project to be presented soon,  Vahan Kerobyan informs
 Friday, August 25 2023 18:26

ArmInfo.The working group led by Armenian Minister of Economy Vahan Kerobyan will soon present  a project of a new India-Europe transport corridor. This was stated  on the sidelines of the "Free Economic Zones of Iran" exhibition by  the head of the Armenian economic department Vahan Kerobyan. He  stressed that the project will be presented to partners from Iran,  India and Georgia.

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Armenia`s hospitality and tourism industry needs investments and  communication - Hrant Badasyan
 Friday, August 25 2023 13:40

ArmInfo.Armenia's hospitality and tourism industry needs investments and communication,  Hrant Badasyan, Hrant Badasyan, President of the National Union of the Hospitality Industry (OSIG) and co-founder of Impulse Management Company, stated at a business lunch with the Armenian and Russian ministers of economy. 

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Armenia and Russian need to strengthen mutual confidence - Maxim  Reshetnikov
 Friday, August 25 2023 12:35

ArmInfo.This January-July,Armenian-Russian trade recorded a 70% growth, up to $3.7bln, with Armenia's exports to Russia totaling $2bln and Russia's exports to  Armenia, $1.7bln, Armenia's Minister of Economy Vahan Kerobyan stated  at a business lunch attended by Armenian and Russian businessmen.  

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Konstantin Vladimirovich Tserazov: Dividend shares should remain favorites in the portfolio
 Thursday, August 3 2023 12:19

ArmInfo.In July, the Russian market continued to grow, having renewed its highs since the beginning of the year. Which papers should be bet on in the medium term - in our interview, an independent expert, economist Tserazov Konstantin Vladimirovich (Konstantin Tserazov) told.

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