ArmInfo.Food and energy price shocks due to war in  Ukraine could last for years. Shift to more costly trade patterns has  begun; transition to cleaner energy could be delayed. The war in  Ukraine has dealt a major shock to commodity markets, altering global  patterns of trade, production, and consumption in ways that will keep  prices at historically high levels through the end of 2024, according  to the World Bank's latest Commodity Markets Outlook report.

ArmInfo.Below is a joint statement by RF President Vladimir Putin and RA Prime Minister Nikol Pashinyan on the results of their meeting in Novo-Ogaryovo.  At the  invitation of the President of the Russian Federation V.V. Putin, on  April 19-20, 2022, the Prime Minister of the Republic of Armenia N.V.  Pashinyan paid an official visit to the Russian Federation.

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ArmInfo.The Armenian economy in 2022 may record regression, despite the indicator set in the y-o-y budget at the level of 7%. This is stated in the report of the  analytical group of the Luys Foundation entitled "On the verge of a  new crisis. Possible impact of sanctions against Russia on the  economy of Armenia."

ArmInfo.HSBC Bank Armenia CJSC (hereinafter HSBC Armenia) has been named as “Market Leader” for the second consecutive year and as “Best Service provider” in Euromoney’s 2022 Trade Finance Survey. 

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ArmInfo.Ameriabank has been named Best Bank in Armenia in 2022 by Global Finance, a leading magazine specializing in coverage of international finance sector. The announcement has come as the publication summed up its 29th annual awards for the World’s Best Banks, assessing the financial performance for the reporting period and achievements of the Banks in more than 150 countries and territories around the world. 

ArmInfo.In 2021, the total capital expenditures of the state budget of Armenia amounted to about 217.8 billion drams, and their implementation was the highest in recent years, amounting to 92.3% of the adjusted plan, and 100% of the originally set annual plan of 216.3 billion drams.  

ArmInfo.Fitch Ratings has affirmed Armenia's Long-Term Foreign- Currency Issuer Default Rating (IDR) at 'B+' with a Stable Outlook.

ArmInfo.Armenia's businesses will be exempted from customs duties in exporting products to the amount of up to AMD 1mln (about $2,000). 

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ArmInfo.Global Finance reputable magazine has published the list of winners of the World’s Best Investment Banks 2022 Award, naming Ameriabank the “Best Investment Bank in Armenia” for the seventh year in a row.  

ArmInfo.Armenia's Parliament, on Wednesday, adopted, at its second reading, a bill on the recipients of compensations for damages caused to servicemen's health  and of servicemen's life insurance indemnities.

ArmInfo. The dominant parliamentary faction Civil Contract refused to put the bill raising the minimum monthly wages from AMD 68,000 up to AMD 100,000 on the  agenda, pleading lack of funds. 

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ArmInfo. On January 10, 2022, at the Best Western Congress Hotel, Armswissbank – the Delivery Partner of “Scaling up green finance practices in the Republic of Armenia” Programme - organized a workshop to present the results of the third phase of the programme funded by the Green Climate Fund (GCF). The results of the international good practice analysis in the sustainable finance area and the proposed recommendations for advancing green finance practices in Armenia were presented. The third phase of the Program was implemented by PwC Armenia and PwC Switzerland.

ArmInfo.The Armenian government minimizes contacts between the tax authority and the taxpayer. On January 12, at a regular sitting of the NA Standing Committee on  Economic Affairs, the draft law "On Amendments and Addenda to the RA  Tax Code" was discussed in the first reading.

ArmInfo.On January 11, Armenian Prime Minister Nikol Pashinyan chaired a meeting on the introduction of a universal income declaration system for individuals.