ArmInfo. Armenia and the United Arab Emirates will soon sign an agreement in the field of food security. Armenian Minister of Economy Vahan Kerobyan told journalists on the sidelines of the Armenian-Emirati business forum on September 18. "This will increase the availability of Armenian goods on the Emirati market, which is an important step in the context of stimulating exports," the minister said.
ArmInfo.An Armenian-Emirati business forum was held in Yerevan today, within the framework of which the parties signed 3 memorandums of understanding.
ArmInfo.On September 22, the Government of Armenia approved the draft decree of the President of the Republic of Armenia "On approval of additional agreement No. 1" to the agreement between the Republic of Armenia and the Eurasian Development Bank on the provision of a grant from the funds of the Eurasian Fund for Stabilization and Development to finance the E-Labor Exchange programme.
ArmInfo.On September 13, head of the Central Bank of the Republic of Armenia Martin Galstyan received the delegation of the International Monetary Fund, headed by the head of the IMF mission in Armenia, Iva Petrova. This is noted in the message of the Central Bank of the Republic of Armenia, which states that among the issues raised, the parties also discussed the introduction of new approaches to monetary policy.
ArmInfo.In the Armenian insurance market, the CMPTL loss ratio has been at the level of 64% for a year now, which is much lower than 79% in Jan-July 2021 and the pre-Covid 72% in the same period of 2019.
ArmInfo. The loss ratio of motor third-party liability insurance (MTPL insurance) was 64% in the first half of 2023 against 65% in the first half of 2022, and 81% in 2021and 73% in 2019. This was accompanied by a liberalization of MTPL prices and slightly lower rates of a 2-digit annual increase in the number of MTPL insurance contracts from 19.7% down to 16.3%, and a slower % increase in insurance premiums, from 21.4% down to 6.5%. A 9.8% increase in insurance indemnities (up to $10.7mln) was recorded against an 8.7% decrease.
ArmInfo.On September 14, the Government of Armenia approved the Program for extending the operational life of Unit 2 at Armenian Nuclear Power Plant CJSC and the Plan for organizing and implementing the activities provided for in the plan.
ArmInfo. A solar photovoltaic floating station was opened on Lake Yerevan. This was reported by the press service of the Ministry of Territorial Administration and Infrastructures.
ArmInfo.From September 29 to October 1, the Tech Week 2023 starts in Vanadzor, which is a series of industry events and brings together the business and IT community of Armenia under one roof.
ArmInfo.There are serious prerequisites for expanding cooperation between Armenia and the Netherlands in the field of high technologies. Ambassador of the Netherlands to Armenia Nicholas Schermers stated this during a meeting with Minister of High-Tech Industry of Armenia Robert Khachatryan. The meeting took place on the occasion of the completion of the diplomatic mission of Ambassador Schermers in the RA.
ArmInfo.Foreign citizensmade 2.223 real estate purchase and sale transactions in Armenia in the first half of 2023, which is 8.9% lower than a year ago. At the same time, 9.4% of the total number of transactions were made by foreigners (against 9% a year earlier), according to the data of the RA State Committee for Real Estate Cadastre.
ArmInfo.1,024 real estate purchase and sale transactions were made by foreign citizens in Armenia, in Q1 2023, which is 2.1% lower than a year ago. Moreover, 9.4% of the total number of transactions were made by foreigners (against 8.6% a year earlier). Usually, the number of foreigners selling real estate in Armenia prevails over the number of buyers. This is evidenced by the data of the RA State Committee for Real Estate Cadastre.
ArmInfo.In 2022, Armenia reduced the volume of exports of copper ore by 4.4% - to 410.6 thousand tons (against a 15.7% decline in 2021). In value terms, the export of copper ore also decreased - by 13.8%, totaling $663 million.
ArmInfo. Last year, Armenia's wine exports totaled 4.7mln liters, a 52.2% increase as compared with 2021, with the customs value totaling $18.8mln (a 62.4%).
ArmInfo.In 2022, Armenia increased natural gas imports by 6.4% - up to 2,965,818.1 cubic meters, while the customs value of imported natural gas increased by 9.6%, amounting to $504.8 million. This is evidenced by the data of the RA Customs Service, according to which Armenia traditionally imports natural gas from Russia (87.7%) and Iran (12.1%).
ArmInfo.The import of oil products to Armenia in 2022 increased by 6.8% per annum, slightly exceeding 519 thousand tons. The customs value increased by 54.3% - up to $574.2 million, according to the data of the Customs Service of Armenia.