Armenia`s government to allocate AMD 2.9bln under regional subvention  programmes approved and implemented in 2014-2022Armenia`s government to allocate AMD 2.9bln under regional subvention  programmes approved and implemented in 2014-2022
Economy Minister: Rallies and marches in Yerevan  in 2024 cause a  decrease in Russian tourist arrivalsEconomy Minister: Rallies and marches in Yerevan  in 2024 cause a  decrease in Russian tourist arrivals
AMX 2024 awards most active market participantsAMX 2024 awards most active market participants
Learn to save. World Savings Day with Idram JuniorLearn to save. World Savings Day with Idram Junior
The price of the issue: how much will MMR construction cost ArmeniaThe price of the issue: how much will MMR construction cost Armenia
Martin Galstyan: Reduction of refinancing rate from 9.75% to 7.25%  kept loan rates from rising significantlyMartin Galstyan: Reduction of refinancing rate from 9.75% to 7.25%  kept loan rates from rising significantly
Armenia`s Deputy Minister of Finance presents country`s economic  development strategies at t the annual meetings of IMF, WB Board of  Governors Armenia`s Deputy Minister of Finance presents country`s economic  development strategies at t the annual meetings of IMF, WB Board of  Governors 
Armenia`s CB reduces refinancing rate - 7.5% down to 7.25%Armenia`s CB reduces refinancing rate - 7.5% down to 7.25%
Armenia to develop business tourismArmenia to develop business tourism
Central Bank of Armenia considers it necessary to enhance  effectiveness of government capital expenditures and refine tax  policiesCentral Bank of Armenia considers it necessary to enhance  effectiveness of government capital expenditures and refine tax  policies
Zangezur Copper and Molybdenum Plant- top taxpayer in ArmeniaZangezur Copper and Molybdenum Plant- top taxpayer in Armenia
Minister: Armenia`s planned 5.6% GDP growth for 2025 is a very high  figureMinister: Armenia`s planned 5.6% GDP growth for 2025 is a very high  figure
Gold re-export contributed to Armenia`s economic activity this  Jan-Aug - ministerGold re-export contributed to Armenia`s economic activity this  Jan-Aug - minister
Armenia`s government plans EUR 500mln Eurobond issue Armenia`s government plans EUR 500mln Eurobond issue 
Stregthening resilience and increasing economic potential one of  major tasks of Armenia`s government next year - minister Stregthening resilience and increasing economic potential one of  major tasks of Armenia`s government next year - minister 
No effort must be spared for Armenian citizens to grow rich by  working under law - premier No effort must be spared for Armenian citizens to grow rich by  working under law - premier 
Consensus on medical insurance intriduction stages reached - ministerConsensus on medical insurance intriduction stages reached - minister
Customs duties for Armenian exporters to be reduced after agreement  with Iran ratified Customs duties for Armenian exporters to be reduced after agreement  with Iran ratified 
Ameriabank presents MyHome ecosystem at Toon EXPOAmeriabank presents MyHome ecosystem at Toon EXPO
Economic activity growth in Armenia slowed down to 8.7% in  January-September 2024 Economic activity growth in Armenia slowed down to 8.7% in  January-September 2024 
In Armenia, industrial price index increased from 101.3% to 102.9% in  January-September 2024 In Armenia, industrial price index increased from 101.3% to 102.9% in  January-September 2024 
The course of the IDream program has started. IDBankThe course of the IDream program has started. IDBank
Agroforestry systems to be introduced in four Armenian regions of  Armenia Agroforestry systems to be introduced in four Armenian regions of  Armenia 
Agreement between Armenian government, Lydian Armenia postponed Agreement between Armenian government, Lydian Armenia postponed 
DFC announces $50 million in financing for ACBA Bank to support small  and medium size businesses with a strong focus on women`s  entrepreneurshipDFC announces $50 million in financing for ACBA Bank to support small  and medium size businesses with a strong focus on women`s  entrepreneurship
Armenia`s vice-premier hosts DFC delegation Armenia`s vice-premier hosts DFC delegation 
Government to support Armenia`s IT sector Government to support Armenia`s IT sector 
Minister: State duty on gold export aims to improve process control  and boost state budget revenuesMinister: State duty on gold export aims to improve process control  and boost state budget revenues
Lonely Planet recognizes Armenia as one of top tourist destinationsLonely Planet recognizes Armenia as one of top tourist destinations
EBRD lending $236 million to Armenia for construction of southern  section of Sisian-Kajaran roadEBRD lending $236 million to Armenia for construction of southern  section of Sisian-Kajaran road
Minister of Economy: Armenia sees great potential for cooperation  with the Republic of GhanaMinister of Economy: Armenia sees great potential for cooperation  with the Republic of Ghana
ESFD to provide $100mln to Armenia to cover budget deficit ESFD to provide $100mln to Armenia to cover budget deficit 
FDA to provide EUR 75mln under budget support program FDA to provide EUR 75mln under budget support program 
Reduction of rates in large developed economies gradually opening way  for developing countries to attract foreign capital.- EDBReduction of rates in large developed economies gradually opening way  for developing countries to attract foreign capital.- EDB
Without additional impetus, economic growth rates in Armenia will  return to their stable values - EDBWithout additional impetus, economic growth rates in Armenia will  return to their stable values - EDB
Converse Bank and Kapitalbank signed a cooperation agreement at Sibos 2024Converse Bank and Kapitalbank signed a cooperation agreement at Sibos 2024
IMF to provide $24.5mln to Armenia for covering budget deficitIMF to provide $24.5mln to Armenia for covering budget deficit
IDBank and Idram at Mantashyants Global ExpoIDBank and Idram at Mantashyants Global Expo
 Ardshinbank’s Private Clients Will Be Served in a Special Office Ardshinbank’s Private Clients Will Be Served in a Special Office
RA Minister of Economy: Armenia and Belgium have many opportunities  to expand cooperation in technology and innovationRA Minister of Economy: Armenia and Belgium have many opportunities  to expand cooperation in technology and innovation
AraratBank Introduces UBPAY: A New System for International TransfersAraratBank Introduces UBPAY: A New System for International Transfers
No consensus yet on issue of unblocking railway - Armenian  vice-premierNo consensus yet on issue of unblocking railway - Armenian  vice-premier
IDBank participated in the HR Expo-24 conferenceIDBank participated in the HR Expo-24 conference
Ameriabank presented its innovative digital platform MyBusiness at  the Real Business forumAmeriabank presented its innovative digital platform MyBusiness at  the Real Business forum
Deputy Territorial Administration and Infrastructure Minister, KfW  delegation discuss construction of Kaps reservoir Deputy Territorial Administration and Infrastructure Minister, KfW  delegation discuss construction of Kaps reservoir 
Armenia Central Bank increases countercyclical capital buffer from  1.5% to 1.75%Armenia Central Bank increases countercyclical capital buffer from  1.5% to 1.75%
Economic modernization portfoplio 84.4% up by Oct 1, 2024 Economic modernization portfoplio 84.4% up by Oct 1, 2024 
Armenian authorities to tighten control over crypto assets for better  traceability of financial flowsArmenian authorities to tighten control over crypto assets for better  traceability of financial flows
Gegharkunik Governor: Workers returning to Sotk mineGegharkunik Governor: Workers returning to Sotk mine
Rospotrebnadzor withdraws more than 118,000 packages of dietary  supplements from Armenia from circulationRospotrebnadzor withdraws more than 118,000 packages of dietary  supplements from Armenia from circulation
Armenian government approves 2024-2040 demographic strategy Armenian government approves 2024-2040 demographic strategy 
Rosatom ready to offer Armenia power units of various capacities Rosatom ready to offer Armenia power units of various capacities 
Demand for international freightage up in Armenia - ATI.SUDemand for international freightage up in Armenia - ATI.SU
Ardshinbank will grow the forestArdshinbank will grow the forest
Armenia`s minister of territorial administration meets with Turkish  minister of transport and infrastructureArmenia`s minister of territorial administration meets with Turkish  minister of transport and infrastructure
Armenia and Italy to cooperate in consumer protection: Memorandum  signedArmenia and Italy to cooperate in consumer protection: Memorandum  signed
Armenia to implement digital system for employment contractsArmenia to implement digital system for employment contracts
The customer is always our top priority: IDBankThe customer is always our top priority: IDBank
RA NA Speaker: We aim to triple solar energy production by 2030,  ensuring at least 15% of Armenia`s energy balance from renewable  sourcesRA NA Speaker: We aim to triple solar energy production by 2030,  ensuring at least 15% of Armenia`s energy balance from renewable  sources
Greek airline SKY Express to launch direct flights Athens - Yerevan -  AthensGreek airline SKY Express to launch direct flights Athens - Yerevan -  Athens
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 Currency Market

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Armenia cherishing delusions instead of seeking stable prosperity-  expert 
 Tuesday, August 27 2024 11:55

ArmInfo.The Armenian economy is going through a turning point.  The latest statistics on GDP growth  revealed an alarming reality: the country's economic recovery, which has been so celebrated lately, was mainly built on unstable, exogenous factors, and economic growth was just an illusion. This assessment was made by Aghasi Tavadyan, associate professor at the Armenian State University of Economics, founder of the analytical  portal tvyal.com. 

2024 budget performance at risk - Luys Foundation 
 Tuesday, August 27 2024 12:43

ArmInfo. If the trends of the first half of the year regarding the non- fulfillment of budget  expenditure and revenue items continue, the execution of the 2024 state budget will be at risk, and it is possible that this will lead to budget sequestration. 

RUEA warns of threats to Armenia`s economy in wake of State Revenue  Committee`s initiative 
 Monday, August 26 2024 14:44

ArmInfo. The Republican Union of Employers of Armenia (RUEA) believes that if the State Revenue  Committee (SRC) is truly concerned about the problem of tax collection and increasing tax discipline, it should simply abandon the initiative to abolish incentive norms and establish stricter criminal liability for tax violations, since its adoption, in addition to other destructive consequences for the country's economy, will directly aggravate the problem of tax evasion.

RUEA warns of threats to Armenia`s economy in wake of State Revenue  Committee`s initiative 
 Monday, August 26 2024 14:44

ArmInfo. The Republican Union of Employers of Armenia (RUEA) believes that if the State Revenue  Committee (SRC) is truly concerned about the problem of tax collection and increasing tax discipline, it should simply abandon the initiative to abolish incentive norms and establish stricter criminal liability for tax violations, since its adoption, in addition to other destructive consequences for the country's economy, will directly aggravate the problem of tax evasion.

Arrest of businessmen for tax evasion to cause more harm to state -  businessman 
 Friday, August 23 2024 13:14

ArmInfo. The arrest of a businessman for tax evasion brings more harm to the state than good.  This point of view was expressed on a social network by the co-founder and head of the Union of Entrepreneurs  Vahram Mirakyan, once again touching upon the draft law proposed by  the State Revenue Committee of the Republic of Armenia to abolish incentive norms and establish stricter criminal liability for tax violations. 

Armenian premier s staff proposes unanounced inspections of  businesses 
 Friday, August 23 2024 13:17

ArmInfo.The Office of Coordination of Inspection Bodies under the Office of the Prime Minister of Armenia is initiating amendments to the Law and related laws that will allow abandoning the practice of notifying businesses of upcoming inspections. 

How to prevent the collapse of Armenia`s IT sector - expert 
 Friday, August 23 2024 19:25

ArmInfo. Since 2022, Armenia's IT sector has experienced significant growth, largely attributed to  an inflow of re-locants from Russia. During this period, the sector has become a key contributor to GDP growth, accounting for 1-3 percentage points. But recent data from the last two quarters show a concerning picture, indicating that currently the sector is encountering serious problems.  

Armenia may require cognac exporters to undergo testing in European  laboratories by 2025
 Friday, August 23 2024 09:10

ArmInfo. The Armenian Ministry of Economy has not received any notification from its Russian colleagues  regarding the poor quality of Armenian cognac or any complaints from cognac producers about facing difficulties in exporting products to the Russian Federation.

Arrest of businessmen for tax evasion to cause more harm to state -  businessman 
 Friday, August 23 2024 13:14

ArmInfo. The arrest of a businessman for tax evasion brings more harm to the state than good.  This point of view was expressed on a social network by the co-founder and head of the Union of Entrepreneurs  Vahram Mirakyan, once again touching upon the draft law proposed by  the State Revenue Committee of the Republic of Armenia to abolish incentive norms and establish stricter criminal liability for tax violations. 

Armenian premier s staff proposes unanounced inspections of  businesses 
 Friday, August 23 2024 13:17

ArmInfo.The Office of Coordination of Inspection Bodies under the Office of the Prime Minister of Armenia is initiating amendments to the Law and related laws that will allow abandoning the practice of notifying businesses of upcoming inspections. 

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31.10.2024
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