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ArmInfo.Businesses in Armenia will have more opportunities to invest in green technologies thanks to a US$ 10  million (EUR 9.3 million) loan, which the European Bank for Reconstruction and Development (EBRD) and the Green Climate Fund (GCF) are providing to Inecobank for on-lending to corporates and small and medium-sized enterprises (SMEs) for green investments. This is stated in the official statement of the EBRD.

ArmInfo.In January-March 2024, state budget revenues amounted to 525 billion drams, against the adjusted  563.1 billion drams and the actual 483.6 billion drams for the same period in 2023. The level of implementation of the adjusted plan was 93.2%. This was reported by the press service of the Ministry of Finance of Armenia.

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ArmInfo.Ardshinbank CJSC has launched a business loan refinancing program with the possibility of receiving an additional amount for current expenses.  This business loan is designed for RA resident small and medium businesses, who want to lighten their credit load.

ArmInfo.Armenia's gross international reserves (GIR), after reaching a record $4.220 billion in August 2023, then began to decline monthly, amounting to $3.304 billion by April 1, 2024. On an annual basis, this figure decreased by 11.3% (or by $420.4 million), in while in 2023, annual growth of 26.7% (or $784 million) was recorded, according to the data by the Central Bank of the Republic of Armenia.

ArmInfo. Team Telecom Armenia will support  TUMO's mission (TUMO Center for Creative Technologies)  to make modern technology education accessible to all young people in Armenia.

ArmInfo. Armenia will allocate about 2.4 billion drams (approximately $6.2 million) for the annual meeting  of the European Bank for Reconstruction and Development (EBRD), which will be held from May 14 to 16. The decision was made on May 2 at a meeting of the Cabinet of Ministers.

ArmInfo. Armenia should abandon the turnover tax; there should be one taxation system in the republic,  Armenia's Premier Nikol Pashinyan stated on May 2 at a meeting of the Cabinet of Ministers, during which legislative amendments were approved, providing for a double increase in the turnover tax rate.

ArmInfo. In the fight against poverty in Armenia, stimulating employment is critical. This was  stated by World Bank senior specialist Lea Hakim, presenting the report:  Beyond Boundaries: Unlocking Potential for a Sustainable Future.

ArmInfo. Numerous issues and problems of integration of the EAEU member countries were discussed at the  international scientific conference entitled "Deepening financial integration in the EAEU" held today at the Russian-Armenian University(RAU).

ArmInfo.On April 30, RA Minister of Economy Gevorg Papoyan and General Director of Renshin  LLC Eduard Marutyan signed an agreement on the implementation of the project to build the World Trade Center in Yerevan, the press service of the RA Ministry of Economy reports. 

ArmInfo. On May 2, Acba Bank began the public placement of the next coupon non- documentary dollar and dram bonds in the amount of $5 million and 3 billion drams.

ArmInfo.The World Bank's Board of Executive Directors approved a Development Policy Operation (DPO)  in the amount of $116 million equivalent for Armenia to enable reforms aimed at promoting green, resilient and inclusive development.

ArmInfo.The Board of the CBA today reduced the refinancing rate to 8.25%, the press service of the  Bank reports.

ArmInfo.The average market value of real estate of apartment buildings in Yerevan was 457.3 thousand drams/1 sq.m., in Q1 2024, 12.9% higher than the year-ago figure, according to the  data from the State Real Estate Cadastre  Committee.

ArmInfo. In the first quarter of 2024, more than 10 cases of administrative offenses were initiated against processors of biometric personal data and special category personal data. As a result, an administrative penalty in the form of  a fine was applied to 8 organizations. The RA Ministry of Justice  reports.

ArmInfo. In January-March 2024, 84 IT companies were included in the list of 1000 large taxpayers of Armenia, which allocated 20.8 billion drams to the state  budget, which is 3.5% or 728 million drams more than a year ago. This  is stated in a study by the Modex consulting company.

ArmInfo.Minister of High-tech Industry Mkhitar Hayrapetyan visited Digitain, one of the largest technological companies operating in the iGaming sector of  Armenia.  According to the press service of the Ministry of  High-Technological Industry, accompanied by Digitain management, the  minister got acquainted with the company's infrastructure, the  created ecosystem, developed products and development programs.

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