Wednesday, August 14 2024 19:10
Naira Badalian

EAEU-India free trade agreement to enable 0.63% growth in Armenia`s economy

EAEU-India free trade agreement to enable 0.63% growth in Armenia`s economy

ArmInfo. The Armenian economy will additionally grow by 0.63% due to the conclusion of the free trade agreement between the EAEU and India, according to a study by the Russian Foreign Trade Academy.

Overall, according to Prime, as a result of the free trade agreement with India, the EAEU will increase its GDP by 1.47% or $34.9 billion. The economy of Kazakhstan will grow by 0.71%, Russia - by 1.52%, Belarus - 0.55%, Kyrgyzstan - 0.43%.

 

POST A COMMENT
Input digits     


News
Armenia, Hungary to continue developing cooperation in sectoral  directions along with active political dialogueArmenia, Hungary to continue developing cooperation in sectoral  directions along with active political dialogue
USA to double financial aid to Armenia USA to double financial aid to Armenia 
Central Bank of Armenia: Rising unemployment and low inflation are  the result of weak aggregate demandCentral Bank of Armenia: Rising unemployment and low inflation are  the result of weak aggregate demand
Armenia ratifies agreements on determining the origin of goods  exported from the EAEU and on warehouse certificates for agricultural  productsArmenia ratifies agreements on determining the origin of goods  exported from the EAEU and on warehouse certificates for agricultural  products
Armenia ratifies the CIS Free Trade agreement Armenia ratifies the CIS Free Trade agreement 
Armenia to become part of the International Solar AllianceArmenia to become part of the International Solar Alliance
Armenia`s CB further reduces refinancing rate, from 7.75% down to  7.5%Armenia`s CB further reduces refinancing rate, from 7.75% down to  7.5%
Idram: Infrastructure for Financial Institutions․ Idram for EveryoneIdram: Infrastructure for Financial Institutions․ Idram for Everyone
Armenia intends to join the e-CMR protocolArmenia intends to join the e-CMR protocol
Yerevan to host 3rd Eurasian Economic Forum Yerevan to host 3rd Eurasian Economic Forum 
IT specialists, miners and financiers earn 5 times more than teachers and doctors - Statistical Department of ArmeniaIT specialists, miners and financiers earn 5 times more than teachers and doctors - Statistical Department of Armenia
MP proposed eradicating the practice of illegally privatizing and then selling state propertyMP proposed eradicating the practice of illegally privatizing and then selling state property
Armenia`s foreign trade turnover increased by 95% thanks to   Armenia`s foreign trade turnover increased by 95% thanks to   "precious route" Russia - Armenia - UAE
Shares of two state-owned companies privatized, and 3.7 billion drams  transferred to the state and community budgets in 2023: Head of the  State Property CommitteeShares of two state-owned companies privatized, and 3.7 billion drams  transferred to the state and community budgets in 2023: Head of the  State Property Committee
In Armenia`s foreign trade, the share of precious metals and stones increased from 14% to 61% over the yearIn Armenia`s foreign trade, the share of precious metals and stones increased from 14% to 61% over the year
Nokia, Team Telecom Armenia open access to 25G PON services  throughout ArmeniaNokia, Team Telecom Armenia open access to 25G PON services  throughout Armenia
1,115 electric cars can be imported to Armenia at preferential  tariffs by 2024 end 1,115 electric cars can be imported to Armenia at preferential  tariffs by 2024 end 
Armenia intends to adopt Latvia`s experience in developing a  closed-loop economyArmenia intends to adopt Latvia`s experience in developing a  closed-loop economy
Armenia, Latvia to expand business ties Armenia, Latvia to expand business ties 
The Power of One Dram to The Power of One Dram to "Moonk" technoschool
An interdepartmental commission to support investment programs to be  established in ArmeniaAn interdepartmental commission to support investment programs to be  established in Armenia
Armenia`s external debt growing since July 2024Armenia`s external debt growing since July 2024
Motor Insurers` Bureau of Armenia is increasing the maximum threshold  under the European protocol to 400 thousand drams from September 18Motor Insurers` Bureau of Armenia is increasing the maximum threshold  under the European protocol to 400 thousand drams from September 18
Yerevan to host III Eurasian Economic ForumYerevan to host III Eurasian Economic Forum
Armenia`s economy and state competing for sooner collapse -  ex-official Armenia`s economy and state competing for sooner collapse -  ex-official 
Transfers` inflow to Armenia continues to declineTransfers` inflow to Armenia continues to decline
All non-public funds to be accountable to Armenia`s CB All non-public funds to be accountable to Armenia`s CB 
Armenia`s authorities plan bridge construction in Akhtala Armenia`s authorities plan bridge construction in Akhtala 
Armenia`s premier raises problem of low-quality electric energy  supply Armenia`s premier raises problem of low-quality electric energy  supply 
Armenian broker Invia Investments to provide access to trading on ITSArmenian broker Invia Investments to provide access to trading on ITS
Electric Networks of Armenia to invest AMD 296bln in upgrading grid  system by 2026Electric Networks of Armenia to invest AMD 296bln in upgrading grid  system by 2026
Delegates from 36 countries to attend UN Global Wine Tourism  ConferenceDelegates from 36 countries to attend UN Global Wine Tourism  Conference
Electric Networks of Armenia ever apolitical - board chairman Electric Networks of Armenia ever apolitical - board chairman 
Armenia`s authorities refrain from revising real estate prices for  taxation Armenia`s authorities refrain from revising real estate prices for  taxation 
Armenia s government works out programme of accumulating capacities  introduction in Armenia s energy sector Armenia s government works out programme of accumulating capacities  introduction in Armenia s energy sector 
Maiden nonstop flight from Armenia to China carried out Maiden nonstop flight from Armenia to China carried out 
Armenia`s international reserves go down  $3.411 blnArmenia`s international reserves go down  $3.411 bln
Armenia left out of trans-border Black Sea submarine cable projectArmenia left out of trans-border Black Sea submarine cable project
RA Economy Minister: supply issues of Armenian products to Russia are  solved in due courseRA Economy Minister: supply issues of Armenian products to Russia are  solved in due course
Armenia`s finance minister on state of economy at end of first half  of 2024 Armenia`s finance minister on state of economy at end of first half  of 2024 
No problems with redemption of 2nd tranche of $500mln sovereign bonds  next year - finance minister No problems with redemption of 2nd tranche of $500mln sovereign bonds  next year - finance minister 
RA State Revenue Committee: Income tax refunded to RA State Revenue Committee: Income tax refunded to "mortgage holders"  for the first half of the year was 8 billion more than for the same  period in 2023
In October 2024  Masrik-1 solar station will be operational In October 2024  Masrik-1 solar station will be operational 
AraratBank: Conquering Aragats to Empower War Veterans through EducationAraratBank: Conquering Aragats to Empower War Veterans through Education
Sensitive security systems of Armenian NPP disconnected the station  due to lightning Sensitive security systems of Armenian NPP disconnected the station  due to lightning 
RA Tourism Committee announces keynote speakers for the UN Global  Conference on Wine TourismRA Tourism Committee announces keynote speakers for the UN Global  Conference on Wine Tourism
Tigran Jrbashyan: Such development of the demographic structure of  Armenia will lead to the degradation of the qualitative indicators of  the human resourceTigran Jrbashyan: Such development of the demographic structure of  Armenia will lead to the degradation of the qualitative indicators of  the human resource
Iran invited to business dialogue with EAEU member-states in Yerevan  Iran invited to business dialogue with EAEU member-states in Yerevan 
Economist: Unscrupulous cognac producers account for 12% in ArmeniaEconomist: Unscrupulous cognac producers account for 12% in Armenia
Aghasi Tavadyan: Gold re-export Aghasi Tavadyan: Gold re-export "overshadowed" the economic downturn
Health Inspection body of Armenia issued fines totaling 3 billion  drams for violations in the field of drug circulation this yearHealth Inspection body of Armenia issued fines totaling 3 billion  drams for violations in the field of drug circulation this year
Yerevan to host 8th UN Global Wine Tourism ConferenceYerevan to host 8th UN Global Wine Tourism Conference
Forecast: Armenia`s economic growth may exceed 8.5% in 2024Forecast: Armenia`s economic growth may exceed 8.5% in 2024
Ardshinbank received necessary approvals for acquiring HSBC ArmeniaArdshinbank received necessary approvals for acquiring HSBC Armenia
Incredibly long: Rocket Line 0% now for 12 monthsIncredibly long: Rocket Line 0% now for 12 months
2024 budget performance at risk - Luys Foundation 2024 budget performance at risk - Luys Foundation 
Armenia`s Ministry of High-Tech Industry plans to introduce 5G  network Armenia`s Ministry of High-Tech Industry plans to introduce 5G  network 
Armenia cherishing delusions instead of seeking stable prosperity-  expert Armenia cherishing delusions instead of seeking stable prosperity-  expert 
S&P Global Ratings maintains Armenia`s ratings at S&P Global Ratings maintains Armenia`s ratings at "BB-/B",  forecasting 6.2% GDP growth in 2024
RUEA warns of threats to Armenia`s economy in wake of State Revenue  Committee`s initiative RUEA warns of threats to Armenia`s economy in wake of State Revenue  Committee`s initiative 
Read more
Exchange rates
10.09.2024
RUB4.24-0.02
USD387.220.07
EUR427.490.00
GBP507.260.83
CAD285.430.03
JPY27.060.11
CNY54.39-0.01
CHF456.840.78


Experts
Idram: Infrastructure for Financial Institutions․ Idram for EveryoneIdram: Infrastructure for Financial Institutions․ Idram for Everyone
External factors only hope or Armenia`s shoestring budgetExternal factors only hope or Armenia`s shoestring budget
Only two companies benefit from securities issuance assistance programme in ArmeniaOnly two companies benefit from securities issuance assistance programme in Armenia
Read more

Commented
Armenia`s economy and state competing for sooner collapse -  ex-official Armenia`s economy and state competing for sooner collapse -  ex-official 
South Caucasus needs unified market without strategic partners -  expert South Caucasus needs unified market without strategic partners -  expert 
Czech Republic to assist modernization of Yerevan metro Czech Republic to assist modernization of Yerevan metro 
Yerevan is trying to demonstrate to its Anglo-Saxon `bosses` its  readiness to reduce economic cooperation with Iran - political  scientistYerevan is trying to demonstrate to its Anglo-Saxon `bosses` its  readiness to reduce economic cooperation with Iran - political  scientist

Company bonds
UCO CJSC "GLOBAL CREDIT"1
UCO CJSC "GLOBAL CREDIT"3
UCO CJSC "GLOBAL CREDIT"4
UCO CJSC "GLOBAL CREDIT"5
UCO CJSC "GLOBAL CREDIT"7
"National Mortgage Company"2A
"National Mortgage Company"2B
UCO CJSC “FINCA” 1
UCO CJSC “FINCA” 2