Armenian Parliament approves 2024state budget Friday, December 8 2023
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 ArmInfo. The Armenian Parliament has approved the main financial document for 2024. 71 MPs voted for its adoption, 25 MPs voted against. According to the document, in 2024, in conditions of ensuring 7% GDP growth, the revenues of the state treasury of Armenia will amount to 2 trillion 723 billion drams (25.9% of GDP), and expenses - 3 trillion 206 billion drams (30.5% of GDP). |
ArmInfo.The US Agency for International Development (USAID) is launching a new Economic Foundations for Resilient Armenia project in Armenia.
ArmInfo.A meeting of the Armenian-Egyptian intergovernmental commission will be held in Egypt from February 4 to 6.
ArmInfo.For the third year in a row, AraratBank was recognized as the Best Sub-Custodian Bank in Armenia by the professional team of the premium international magazine Global Finance.
ArmInfo. Armenia's gross international reserves (GIR) since October have fallen from their historical high of $4.2 billion in the previous two months. Thus, the GIR having decreased by 8.5% or $353 million in October 2023 (versus a 3% decline in October 2022), amounted to $3.813 billion. In parallel with this, a y-o-y growth slowed down - from 13.5% to 5% (or by $179.7 million in October 2023 compared to October 2022).
ArmInfo.In Armenia, the procedure for submitting documents to the RA Police on concluding an agreement on Compulsory Motor Third Party Liability (CMPTL) for fined drivers will be simplified. At the plenary session on December 8, the National Assembly of the Republic of Armenia is discussing amendments to the Code of Administrative Offenses in the first reading.
ArmInfo. In Armenia, the procedure for submitting documents to the RA Police on concluding an agreement on Compulsory Motor Third Party Liability for fined drivers will be simplified. At a meeting on December 4, the RA National Assembly Standing Committee on Defense and Security issued a positive opinion on the draft amendments to the Code of Administrative Offences.
ArmInfo. Ameriabank has assumed a long-term commitment to create a sustainable environment and assist a transition to carbon-neutral economy, Eduard Arakelyan, Head of Corporate Sales and Relationship Management Division, Ameriabank CJSC, told ArmInfo on the sidelines of the Energy Week in Yerevan.
ArmInfo.In order to develop the domestic energy sector, a number of programs are being implemented. Minister of Territorial Administration and Infrastructure of the Republic of Armenia Gnel Sanosyan told reporters on November 28 on the sidelines of the Energy Week.
ArmInfo.The six-month delay in the sale of shares of MTS Armenia CJSC was related to the research process, since it directly related to the issue of national security. Prime Minister of the Republic of Armenia Nikol Pashinyan stated on December 6 during the government hour in the National Assembly of the Republic of Armenia, answering a question from Arsen Torosyan, a MP Delay in sale of MTS Armenia was related to research, as it was directly related to issue of national security: Premier from the ruling Civil Contract faction.
ArmInfo.The second Public Sector Innovation Forum on the topic: Innovation in Action: Leading Change and Transformation organized by the UNDP (United Nations Development Program), within the framework of the Mayors for Economic Growth Facility initiative funded by the EU, took place in Yerevan today.
ArmInfo.Average market value of real estate in apartment buildings in Yerevan amounted to 429.2 thousand AMD/1 sq.m. in Q3 2023, which is 9.4% higher than the year-ago figure, with a quarterly increase of 3%, according to the data from the State Real Estate Cadastre Committee.
ArmInfo.Chaired by Prime Minister Nikol Pashinyan, a regular Cabinet meeting took place today, the press service of the RA Government reports.
ArmInfo.In Armenia's foreign trade, the UAE pushed China out of the 2nd place in terms of exports, and the USA is trying to overtake China in terms of imports. But Russia continues to lead in foreign trade turnover with Armenia with a coverage of over 35%, and the milestone of 49.6% has already been reached in exports alone, according to the data of the RA Statistical Committee for January-October 2023.
ArmInfo. In Armenia, In January-October 2023 compared to the same period in 2022, the price index of industrial products decreased to 101.6% from last year's 103.4%.
ArmInfo.Armenia's GDP in Jan-Sept 2023 slowed down in y-o- y growth from 21% to 12%, almost returning to the rate of two years ago (11.1% in the same period of 2021). At current prices, the absolute value of GDP for 9 months of this year amounted to 6.5 trillion drams ($16.5 billion), against last year's 5.8 trillion drams ($14.2 billion). Of this amount, 40% or 2.6 trillion drams ($6.6 billion) were provided in Q3 2023, against 41.4% or 2.4 trillion drams in Q3 2022, according to the data of the RA Statistical Committee.
ArmInfo.In Armenia, the price index of industrial products decreased in January-September 2023 compared to the same period in 2022 to 101.3% from last year's 104.1%. This was observed against the background of a decline in industrial sector volumes by 0.6% - to AMD 1,800bln ($4.7 billion), while a year earlier an increase of 10% was recorded.
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