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.

Armenia country of four unicorns - Vahan Kerobyan
 Thursday, July 13 2023 11:37

ArmInfo. Armenia is a country of four unicorns (private companies estimated at $1bln, Armenia's Minister of Economy Vahan Kerobyan stated at a panel discussion on the sidelines of the INNOPROM-2023 trade fair in Yekaterinburg, Russia.

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Economy Ministry discusses possibility of promoting exports to Switzerland using trade preference systems
 Wednesday, July 12 2023 19:20

ArmInfo. The Ministry of Economy of Armenia discussed with business representatives and the expert community the possibilities of promoting exports from Armenia to Switzerland through the Swiss GSP system and the Registered Exporters System (REX). The event was organized by the Ministry of Economy, the Embassy of the Kingdom of Switzerland in Armenia with the support of the European Business Association.

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Vache Terteryan: construction of Kaps Reservoir has already begun
 Wednesday, July 12 2023 17:57

ArmInfo. The construction of the  Kaps Reservoir has already begun. Deputy Minister of Territorial Administration and Infrastructures of Armenia Vache Terteryan announced during a meeting of the Parliamentary Commission on Territorial Administration, Local Self- Government, Agriculture and Environmental Protection on July 12.

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Germany interested in expanding cooperation with Eastern Partnership states - Jens Brandenburg
 Wednesday, July 12 2023 11:14

ArmInfo. Germany is interested  in expanding cooperation with Eastern Partnership states, Mr Jens  Brandenburg, Parliamentary State Secretary to the Federal Minister of  Education and Research of Germany, stated at his meeting with  Armenia's Deputy Minister of Economy Rafael Gevorgyan. German  Ambassador to Armenia Viktor Richter attended the meeting as well. 

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Vahan Kerobyan: Financing of joint industrial projects of EAEU countries is planned to be launched from beginning of 2024
 Tuesday, July 11 2023 18:40

ArmInfo. Financing of joint  industrial projects of the EAEU countries is planned to be launched  from the beginning of 2024. Minister of Economy of Armenia Vahan  Kerobyan told TASS on the sidelines of the INNOPROM-2023 exhibition.

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INNOPROM- 2024 industrial exhibition may be held in Armenia
 Tuesday, July 11 2023 18:09

ArmInfo. The INNOPROM -2024  industrial exhibition may be held in Armenia. A similar proposal was  made by tDeputy Prime Minister of the Russian Federation - Minister  of Industry and Trade of the Russian Federation Denis Manturov during  a meeting with the heads of the relevant ministries of Armenia,  Belarus, Kazakhstan and Kyrgyzstan as part of the INNOPROM  exhibition, which takes place on July 10 -13 in Yekaterinburg.

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Armenian industrialists have agreed number of agreements at INNOPROM-2023 exhibition in Yekaterinburg
 Tuesday, July 11 2023 18:07

ArmInfo. Armenian enterprises -  participants of the INNOPROM- 2023 industrial exhibition-forum held a  number of business meetings, as a result of which preliminary  agreements on further cooperation were reached. This was reported by  the press service of the Ministry of Economy of Armenia.

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EEC is developing financial support mechanism for industrial cooperation
 Tuesday, July 11 2023 16:06

ArmInfo. The Eurasian Economic  Commission (EEC), together with the relevant ministries of the EAEU  countries, is developing a mechanism for financial assistance to  industrial cooperation. This was announced by Minister for Industry  and Agro-Industrial Complex of the EEC Artak Kamalyan at a meeting of  the Council on Industrial Policy of the EAEU, held within the  framework of the "INNOPROM" international exhibition in  Yekaterinburg.

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Economy Ministry discusses introduction of comprehensive health insurance system with participation of int`l experts
 Tuesday, July 11 2023 15:56

ArmInfo. A working meeting was  held at the Ministry of Economy of Armenia, chaired by Deputy  Minister Rafael Gevorgyan, during which they discussed the current  process of introducing a comprehensive health insurance system.

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Armenia`s government to finance renovation of 70km of state roads this year
 Tuesday, July 11 2023 11:19

ArmInfo. This year, Armenia's government plans to finance the renovation of 70km of state roads, with 30km more to be renovated under subvention programmes.

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Armenia`s Tourism Committee Head does not exclude that in 2023 it will be possible to cross the mark of 2 million tourists
 Monday, July 10 2023 15:16

ArmInfo. If this trend continues, then by the end of 2023, we may be able to register an indicator of 2 million tourists. Sisian Boghossian, Chairperson of the Tourism Committee of Armenia, expressed a similar opinion during a press conference on July 10.

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First sanitary landfill construction nearing completion in Armenia
 Monday, July 10 2023 14:38

ArmInfo. Works on the  construction of the first sanitary landfill in Armenia within the  framework of the "Solid Waste Management Program of Kotayk and  Gegharkunik Regions" are at the final stage, Armenia's Premier Nikol  Pashinyan was told on July 10 during a meeting in the Kotayk regional  administration, specifying that 90% of the construction work has  already been completed.

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EDB forecasts 2.5% inflation in Armenia by end of 2023
 Monday, July 10 2023 12:19

ArmInfo.  According to the  Macroeconomic Outlook by the Eurasian Development Bank (ADB), this  June saw a 0.5% price reduction in Armenia against a 1.3% price rise  this May. 

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Armenia`s Ministry of Finance proposes phasing out income tax refund system for mortgage loans
 Friday, July 7 2023 12:02

ArmInfo.  The Ministry of Finance of  Armenia proposes a gradual phasing out of the income tax refund  system for mortgage loans throughout Armenia. The draft law is  submitted for public discussion on a single portal of legal acts.

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Vigen Yenokyan: Rather comfortable conditions have been created in Armenia for Russian companies
 Thursday, July 6 2023 19:26

ArmInfo. At the end of 2022, the  Russian Export Center (REC) supported the supply of Russian  non-commodity exports to Armenia in the amount of $94 million, non-  financial support amounted to $6 million, financial support - $20  million, Vigen Yenokyan, representative of the REC in Armenia, said  in his speech at a "Digital transformation of industrial enterprises:  new business models and technologies" strategic session.

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Economist comments on Armenian PM`s overestimation of minimum pension increase
 Thursday, July 6 2023 18:26

ArmInfo.Head of the Armenian  Cabinet of Ministers and the Ministry of Social Labor proudly declare  that after the July increase, the minimum pension of 36,000 drams  will amount to 99.5% of the minimum food basket, but this is by no  means the case.  Movses Aristakesyan, the Chairman of the "Center for  Economic Rights" NGO ", an international financial expert in public  finance management, wrote on his Facebook page.

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Rusatom - International Network implements Smart City project in Yerevan
 Thursday, July 6 2023 17:17

ArmInfo. Rusatom - International  Network is implementing the Smart City project in Yerevan. This was  stated by Director of the Rusatom - International Network office in  Armenia, Mikhail Turundaev, speaking at the "Digital transformation  of industrial enterprises: new business models and technologies"  strategic session.

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Ozon launches sales of goods from Russia for residents of Armenia
 Thursday, July 6 2023 16:11

ArmInfo. The Ozon marketplace  has opened access for residents of Armenia to purchase goods from  Russia. Forbes reports with reference to the press service of the  company.

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Armenia`s government amends Seismic Safety Improvement Programme
 Thursday, July 6 2023 11:31

ArmInfo. Armenia's government has approved amendments to the "Seismic Safety Improvement Programme: loan on results", which is being implemented with the sponsorship of the Asian Development Bank (ADB).

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Yerevan Metro, Mosmetrostroy JSC discuss Yerevan subway modernization project
 Tuesday, July 4 2023 16:01

ArmInfo. Director General of the  Karen Demirchyan Yerevan Subway (Yerevan Metro) Babken Sedrakyan left  for a working visit to the Russian Federation. This was reported by  the press service of the Yerevan Metro.

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News
EU Commissioner: EU will continue to contribute to economic  development of ArmeniaEU Commissioner: EU will continue to contribute to economic  development of Armenia
PM discusses opportunities for diversifying Armenian economy with WB,  IFC management PM discusses opportunities for diversifying Armenian economy with WB,  IFC management 
EBRD President considers programs implemented by Bank useful for  development of private sector in ArmeniaEBRD President considers programs implemented by Bank useful for  development of private sector in Armenia
EBRD lends up to US$ 10 million to Armeconombank for MSME on-lendingEBRD lends up to US$ 10 million to Armeconombank for MSME on-lending
Armenia benefits greatly from influx of capital and IT specialists -  EBRD chief economistArmenia benefits greatly from influx of capital and IT specialists -  EBRD chief economist
Finance Ministry, French Development Agency sign cooperation  agreement for 2024-2027Finance Ministry, French Development Agency sign cooperation  agreement for 2024-2027
Idram Junior and Koreez signed a memorandum of cooperationIdram Junior and Koreez signed a memorandum of cooperation
During the 33rd EBRD Business Forum, Ardshinbank hosted a panel discussion on economic and trade sanctions.During the 33rd EBRD Business Forum, Ardshinbank hosted a panel discussion on economic and trade sanctions.
Government to allocate additional AMD 3 billion to finance state  order for healthcareGovernment to allocate additional AMD 3 billion to finance state  order for healthcare
EBRD provides $10 million loan to ArmSwissBan to support  competitiveness and green transition of MSMEsEBRD provides $10 million loan to ArmSwissBan to support  competitiveness and green transition of MSMEs
Pankin: Armenia`s suspension of CSTO funding isn`t tragedyPankin: Armenia`s suspension of CSTO funding isn`t tragedy
Armenian government approves program for providing housing to  families from Artsakh; expenses estimated at  AMD 10-12 billion Armenian government approves program for providing housing to  families from Artsakh; expenses estimated at  AMD 10-12 billion 
EBRD Governors re-elect President Odile Renaud-Basso for second termEBRD Governors re-elect President Odile Renaud-Basso for second term
EBRD, USAID to develop transport infrastructure of Armenia,  Azerbaijan, Georgia EBRD, USAID to develop transport infrastructure of Armenia,  Azerbaijan, Georgia 
No specific dates for the entry into force of the law on compulsory  life insurance for tourists visiting Georgia - RA MFANo specific dates for the entry into force of the law on compulsory  life insurance for tourists visiting Georgia - RA MFA
Pashinyan: all those who have the necessary skills, abilities and  desire can make a profit in ArmeniaPashinyan: all those who have the necessary skills, abilities and  desire can make a profit in Armenia
Odile Renaud-Basso: Armenian economy continues to grow despite  numerous negative factorsOdile Renaud-Basso: Armenian economy continues to grow despite  numerous negative factors
Minister of Territorial Administration and Infrastructures refrains  from specifying North-South Road Corridor Investment Program`s  implementation costs and deadlines Minister of Territorial Administration and Infrastructures refrains  from specifying North-South Road Corridor Investment Program`s  implementation costs and deadlines 
EBRD improves Armenia`s GDP growth forecast for 2024 from previous  4.5% to updated 6.2%EBRD improves Armenia`s GDP growth forecast for 2024 from previous  4.5% to updated 6.2%
EBRD promises unprecedented investments in Armenian economyEBRD promises unprecedented investments in Armenian economy
FMO provided Ardshinbank with a guarantee for a credit portfolio of 20 million US dollarsFMO provided Ardshinbank with a guarantee for a credit portfolio of 20 million US dollars
Lending for construction of southern section of Sisian-Kajaran road  will be largest program ever implemented by EBRD in Armenia - Bank  President Lending for construction of southern section of Sisian-Kajaran road  will be largest program ever implemented by EBRD in Armenia - Bank  President 
French Development Agency, Armenian government to expand cooperation  areas and programs` scope French Development Agency, Armenian government to expand cooperation  areas and programs` scope 
The Power of One Dram Sums up the Two-Year Program with Teach for ArmeniaThe Power of One Dram Sums up the Two-Year Program with Teach for Armenia
Noubar Afeyan willing to use his potential to strengthen Armenia Noubar Afeyan willing to use his potential to strengthen Armenia 
Ministry of Economy of Armenia denies that growth in agricultural  exports is due to re-exportsMinistry of Economy of Armenia denies that growth in agricultural  exports is due to re-exports
Finance Minister: Armenia`s GDP generation growth potential increased  from 4-4.5% to 5.5-6%Finance Minister: Armenia`s GDP generation growth potential increased  from 4-4.5% to 5.5-6%
EBRD funds customs and logistics centre in SyunikEBRD funds customs and logistics centre in Syunik
Grigori Zakaryan: “Capital markets have a crucial for economic development.”Grigori Zakaryan: “Capital markets have a crucial for economic development.”
Ambassador of Kazakhstan: priorities for development of Eurasian integration proposed by Armenia will allow us to intensify mutually  beneficial cooperation within EAEUAmbassador of Kazakhstan: priorities for development of Eurasian integration proposed by Armenia will allow us to intensify mutually  beneficial cooperation within EAEU
EBRD and the European Union are joining forces with Acba bank to boost the availability of funding for Armenian MSMEsEBRD and the European Union are joining forces with Acba bank to boost the availability of funding for Armenian MSMEs
Thanos Arvanitis: The time has come for Armenia to accelerate reformsThanos Arvanitis: The time has come for Armenia to accelerate reforms
Armenia to host 33rd EBRD Business Forum with flagship sponsorship of ArdshinbankArmenia to host 33rd EBRD Business Forum with flagship sponsorship of Ardshinbank
EAEU economic operators will become more recognizable when carrying  out foreign economic activitiesEAEU economic operators will become more recognizable when carrying  out foreign economic activities
Martin Galstyan: If background is favorable, reduction in key rate  will result in lending rates decreaseMartin Galstyan: If background is favorable, reduction in key rate  will result in lending rates decrease
About 75% of Armenia`s exports are precious metals and stones, which  speaks of vulnerability of Armenia`s economyAbout 75% of Armenia`s exports are precious metals and stones, which  speaks of vulnerability of Armenia`s economy
92% tax revenues recorded in Armenia in 1st quarter of 2024 92% tax revenues recorded in Armenia in 1st quarter of 2024 
IDBank issues the 2nd tranche of dollar bonds of 2024IDBank issues the 2nd tranche of dollar bonds of 2024
Armenia to be next country to host ACE programArmenia to be next country to host ACE program
Armenia agrees to EBRD expansion Armenia agrees to EBRD expansion 
Alkis  Drakinos : It is necessary to first pick the low hanging fruit  to ensure developmentAlkis  Drakinos : It is necessary to first pick the low hanging fruit  to ensure development
CBA Governor: Overheating of prices in Armenian real estate market  may have ranged from 20-30%CBA Governor: Overheating of prices in Armenian real estate market  may have ranged from 20-30%
Government writes off 469 financial obligations of Artsakh citizens  on loans secured by goldGovernment writes off 469 financial obligations of Artsakh citizens  on loans secured by gold
Food products, services cause of 0.8% inflation in Jan-Apr 2024 Food products, services cause of 0.8% inflation in Jan-Apr 2024 
Armenia`s Deputy Premier receives IMF delegationArmenia`s Deputy Premier receives IMF delegation
Armenian Economy Minister travels to USA on week-long working visitArmenian Economy Minister travels to USA on week-long working visit
Armenia is trapped in Armenia is trapped in "Dutch disease" - economist
“By Your Side”: IDBank`s new support program for displaced Artsakh citizens“By Your Side”: IDBank`s new support program for displaced Artsakh citizens
Team Telecom Armenia develops Be Free packageTeam Telecom Armenia develops Be Free package
Armenia scares with its high prices: Economist sounds alarm due to  reduction in exports of servicesArmenia scares with its high prices: Economist sounds alarm due to  reduction in exports of services
Large crayfish farming complex to be built in Shirak: volume of  investments totals AMD 300 millionLarge crayfish farming complex to be built in Shirak: volume of  investments totals AMD 300 million
Eurowings launches Berlin-Yerevan-Berlin flightsEurowings launches Berlin-Yerevan-Berlin flights
Russia bans sugar exports; 28 thousand tons allowed to be exported to  ArmeniaRussia bans sugar exports; 28 thousand tons allowed to be exported to  Armenia
The Power of One Dram to the Road of Life Charitable OrganizationThe Power of One Dram to the Road of Life Charitable Organization
EBRD to provide Armenia with EUR 9.3 million to support green  technologiesEBRD to provide Armenia with EUR 9.3 million to support green  technologies
WB recommends Armenia to develop investment strategy; revise  20-year-old sectoral lawWB recommends Armenia to develop investment strategy; revise  20-year-old sectoral law
In Jan-March 2024, Armenian state budget revenues increased by AMD41  billion y-o-yIn Jan-March 2024, Armenian state budget revenues increased by AMD41  billion y-o-y
Ardshinbank CJSC has announced about the launch of a new  refinancing business loanArdshinbank CJSC has announced about the launch of a new refinancing business loan
WB expert on lack of economic diversification in terms of trade  partners and export products of Armenia WB expert on lack of economic diversification in terms of trade  partners and export products of Armenia 
EAEU agreement on mutual recognition of documents on academic degreesEAEU agreement on mutual recognition of documents on academic degrees
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