Tuesday, October 12 2021 12:55
Alina Hovhannisyan

Armenia and Poland intend to intensify cooperation between startups  of two countries

Armenia and Poland intend to intensify cooperation between startups  of two countries

ArmInfo. Armenia and Poland intend to explore the possibilities of cooperation between the startups of the two countries. To this end, on October 15, the  Embassy of the Republic of Poland in the Republic of Armenia will  organize a hybrid conference.

The main goal of the event is to study the ecosystem of startups in  Poland and Armenia, simplify cooperation between startups of the two  countries, create business opportunities and a wide partner network.  The target areas of this initiative are the IT sector, including  cyber technologies, start-ups, inventions, benefiting from aspiring  entrepreneurs, community activists, insiders, university labs and  venture capitalists. During the first part of the event, Deputy  Foreign Minister of Poland Marcin Przydacz and Deputy Minister of  High-Tech Industry of of Armenia David Sahakyan will deliver a  speech.

In addition, representatives of the largest start-up centers in  Armenia and Poland will present the working conditions of ecosystems  in their countries. The information they provide will be useful for  startups to prepare for future tenders announced by the Embassy of  the Republic of Poland in Armenia and its partners. The winners of  the tender will have the opportunity to contact representatives of  venture capital funds and negotiate in order to attract funding.

To note,, according to the RA Statistical Committee, the foreign  trade turnover between Armenia and Poland for 8 months of 2021  increased by 35%, amounting to $ 44.1 million. At the same time, high  growth rates were recorded in the export line - by 89.3% with a  volume of $ 15 million. Import of Polish goods to Armenia showed an  increase of 17.6% to $ 29.1 million 


News
Armenian, UAE  FMs discuss bilateral cooperation Armenian, UAE  FMs discuss bilateral cooperation 
Armenia to attract another loan from IBRD in amount of EUR 26.5  million to improve public administration systemArmenia to attract another loan from IBRD in amount of EUR 26.5  million to improve public administration system
According to UBA level of profitability of the Armenian banking  system is quite lowAccording to UBA level of profitability of the Armenian banking  system is quite low
$10 million to be invested in construction of multifunctional  business center in Dzoragyugh district of Yerevan$10 million to be invested in construction of multifunctional  business center in Dzoragyugh district of Yerevan
Converse Bank bonds can now be purchased via the mobile applicationConverse Bank bonds can now be purchased via the mobile application
UBA: Net inflow of private transfers to Armenia increased by 45% per  annum in Q1UBA: Net inflow of private transfers to Armenia increased by 45% per  annum in Q1
Seyran Sargsyan: The reduction in non-resident deposits had a  negative impact on the total volume of bank depositsSeyran Sargsyan: The reduction in non-resident deposits had a  negative impact on the total volume of bank deposits
UBA: Volumes of lending to the Armenian economy have grown in almost  all areasUBA: Volumes of lending to the Armenian economy have grown in almost  all areas
Team Telecom Armenia to start business data center construction Team Telecom Armenia to start business data center construction 
Discount system in cashless transactions for pensioners to be  introduced in Armenia Discount system in cashless transactions for pensioners to be  introduced in Armenia 
Armenia`s government to allocate  $10mln to road renovation Armenia`s government to allocate  $10mln to road renovation 
Passenger traffic in Armenia reached 40% growth in Q1Passenger traffic in Armenia reached 40% growth in Q1
Armenia, Iran simplify mutual access of investors to FEZ markets of  two countriesArmenia, Iran simplify mutual access of investors to FEZ markets of  two countries
Armenia`s communications sector revenue in Q1 2022 increased by 6.8%Armenia`s communications sector revenue in Q1 2022 increased by 6.8%
Armenia reduced wine production in Q1Armenia reduced wine production in Q1
Pashinyan receives Alexei Overchuk and Andrey RudenkoPashinyan receives Alexei Overchuk and Andrey Rudenko
Tourist flow to Armenia starts to recoverTourist flow to Armenia starts to recover
ARMSWISSBANK receives EBRD award ARMSWISSBANK receives EBRD award "The most Active Issuing Bank in Armenia for 2021"
Natural population decline was recorded in Armenia Natural population decline was recorded in Armenia 
Armenia`s population decreased by 2.3 thousand people by April 1,  2022Armenia`s population decreased by 2.3 thousand people by April 1,  2022
S&P Global Ratings assigns S&P Global Ratings assigns "B-" (Local Currency LT credit rating) to  ASCE Group
Armenia spares no effort for North-South energy corridor program to  be implemented in shorted period - minister Armenia spares no effort for North-South energy corridor program to  be implemented in shorted period - minister 
Turkey never agreed on construction of dams on Aras River with other  countries of basin - Ali Akbar MehrabianTurkey never agreed on construction of dams on Aras River with other  countries of basin - Ali Akbar Mehrabian
Armenia, Iran to consider to increasing gas supplies from Iran to  ArmeniaArmenia, Iran to consider to increasing gas supplies from Iran to  Armenia
Hayk Yesayan: Introduction of 5G in Armenia in the next couple of  years will be inexpedientHayk Yesayan: Introduction of 5G in Armenia in the next couple of  years will be inexpedient
Armenia, Iran to sign memorandum to develop cooperation in number of  areasArmenia, Iran to sign memorandum to develop cooperation in number of  areas
Another intermediate subway station to be built in YerevanAnother intermediate subway station to be built in Yerevan
FinRating ArmInfo: Travel insurance has grown in terms of the number  of contracts concludedFinRating ArmInfo: Travel insurance has grown in terms of the number  of contracts concluded
Armenia`s premier visits Confederation of Netherlands Industry and  Employers to present investment opportunities in Armenia to local  businessArmenia`s premier visits Confederation of Netherlands Industry and  Employers to present investment opportunities in Armenia to local  business
Armenia`s foreign trade turnover with EAEU countries increased by  40.7% in Q1 2022Armenia`s foreign trade turnover with EAEU countries increased by  40.7% in Q1 2022
Armenia`s specific debt burden per capita has already reached $3.2  thousandArmenia`s specific debt burden per capita has already reached $3.2  thousand
Russia, China remain leaders in Armenia`s exports, imports Russia, China remain leaders in Armenia`s exports, imports 
Innovative Agradrons Laboratory has been opened at Armenian National Agrarian University Innovative Agradrons Laboratory has been opened at Armenian National Agrarian University 
Despite significant migration flow from Russia, the negative balance  of Armenia`s migration exceeded 2.4 thousand people in Q12022Despite significant migration flow from Russia, the negative balance  of Armenia`s migration exceeded 2.4 thousand people in Q12022
Electricity generation increased by 16.7% in Armenia in Q1 2022 Electricity generation increased by 16.7% in Armenia in Q1 2022 
Service sector and energy complex were major drivers of economic  activity growth in Q1 2022 Service sector and energy complex were major drivers of economic  activity growth in Q1 2022 
About AMD 372 million were allocated for payment of salary arrears  to employees of Nairit Plant About AMD 372 million were allocated for payment of salary arrears  to employees of Nairit Plant 
Metallurgical industry of Armenia reduced production volumes by 17%  in Q1 2022Metallurgical industry of Armenia reduced production volumes by 17%  in Q1 2022
Turkish aviation authorities closed their airspace to FLYONE ARMENIA  European destinationsTurkish aviation authorities closed their airspace to FLYONE ARMENIA  European destinations
In Q1 2022 more than 8 thousand tons of aluminum foil were produced  in ArmeniaIn Q1 2022 more than 8 thousand tons of aluminum foil were produced  in Armenia
Statistics: The production volumes of Armenia`s industry increased by  3.1% in Q1 2022 Statistics: The production volumes of Armenia`s industry increased by  3.1% in Q1 2022 
IBRD to grant a 22.6 mln euro loan to Armenia under education programIBRD to grant a 22.6 mln euro loan to Armenia under education program
Armenia`s trade turnover up by $1bln Jan 1 to Apr 20Armenia`s trade turnover up by $1bln Jan 1 to Apr 20
Armenia to expand circle of officials to be checked for legitimacy of  their propertyArmenia to expand circle of officials to be checked for legitimacy of  their property
From June 15, Armenia launches regular ferry service from Georgian  Poti to Russian Port of Kavkaz From June 15, Armenia launches regular ferry service from Georgian  Poti to Russian Port of Kavkaz 
On May 4, Armeconombank started primary placement of regular USD and  AMD bondsOn May 4, Armeconombank started primary placement of regular USD and  AMD bonds
"Rossgostrakh Armenia" IC holds lead in net insurance premiums
Armenian government prepares support measures for digital business  transformationArmenian government prepares support measures for digital business  transformation
Italian entrepreneurs intend to implement number of investment  projects in ArmeniaItalian entrepreneurs intend to implement number of investment  projects in Armenia
Finrating ArmInfo: Armenia`s insurance sector summed up Q1 2022 with  profit of $2.5 millionFinrating ArmInfo: Armenia`s insurance sector summed up Q1 2022 with  profit of $2.5 million
EU stands ready to continue assisting Armenian governmentEU stands ready to continue assisting Armenian government
AMD 10.757.867 to “My Forest Armenia” environmental organization: the next beneficiary of “The Power of One Dram” is the “Children of Armenia” Charitable FoundationAMD 10.757.867 to “My Forest Armenia” environmental organization: the next beneficiary of “The Power of One Dram” is the “Children of Armenia” Charitable Foundation
Presentation of Financial Statements will become mandatory only for  OJSCs of public interestPresentation of Financial Statements will become mandatory only for  OJSCs of public interest
Head of Central Bank: The composition of Armenia`s exports may changeHead of Central Bank: The composition of Armenia`s exports may change
Central Bank of Armenia records increase in absorptive capacity of  economyCentral Bank of Armenia records increase in absorptive capacity of  economy
Central Bank of Armenia: There is still high uncertainty in terms of  macroeconomic prospectsCentral Bank of Armenia: There is still high uncertainty in terms of  macroeconomic prospects
The volume of AraratBank bonds of the 22nd issue expires  The volume of AraratBank bonds of the 22nd issue expires  
Team Telecom Armenia completes rebranding process and switches to  active implementation of strategic programsTeam Telecom Armenia completes rebranding process and switches to  active implementation of strategic programs
Armenia`s Central Bank leaves refinancing rate unchanged - 9.25%Armenia`s Central Bank leaves refinancing rate unchanged - 9.25%
AMD 231.3bln tax revenues in April 2022AMD 231.3bln tax revenues in April 2022
Read more


Exchange rates
16.05.2022
RUB7.210.14
USD454.99-0.95
EUR474.781.10
GBP558.181.89
CAD352.101.38
JPY35.18-0.17
CNY67.04-0.11
CHF453.27-2.85