ArmInfo. If positive trends in the Armenian economy continue, business activity is expected to grow by 5-7% in 2023. Tatul Manaseryan, doctor of economic sciences, professor, head of the Alternative Research Center, a member of the Eurasian Expert Club, said on January 26 during the Moscow-Yerevan video bridge on he topic: "Actual Issues of Russian-Armenian Strategic Cooperation".
ArmInfo. Wizz Air will start operating flights on four new routes. This was reported by "Armenia" International Airports" CJSC.
ArmInfo.Armenia's commercial banks and lending agencies will from now on issue loans in AMD terms only. The Standing Committee on Financial-Credit and Budgetary Affairs, RA Parliament, approved the draft amendments to the Law on currency control proposed by a number of MPs.
ArmInfo.Ameriabank has been the absolute leader on the mortgage market for five years in a row. According to the press service of the Bank, in 2022, the bank's mortgage portfolio grew by AMD 45 blnor 32%, totaling AMD 186 bln. Ameriabank'smarket share is reaching 22 % as of 31.12.2022.
ArmInfo.The CMPTL loss ratio in Armenia decreased from 79% to 66% in 2022, being even lower than the pre-Covid 74% in 2019. This was due to an increase in the number of concluded contracts by 16.1% year on year, as a result of which insurance premiums rose by 15.6% to $67.3 million, while claims simultaneously decreased by 4.6% to $39.8 million, according to the data of Armenian Motor Insurers' Bureau .
ArmInfo. The delegation of the Ministry of Economy of Armenia, headed by Minister Vahan Kerobyan and his Deputy Rafael Gevorgyan, took part in discussions on the concept of comprehensive health insurance. This is stated in the official message of the Ministry of Economy, published on Facebook.
ArmInfo.Over a half of Armenia's population is living in the communities actively involved in the Covenant of Mayors East (CoM East) project, Mr Christophe Frering, CoM East Team Leader, told reporters on Friday.
ArmInfo.Minister of Territorial Administration and Infrastructures of the Republic of Armenia Gnel Sanosyan on November 28 received a delegation led by Eugene Zhukov, Director General of Central and West Asia Regional Department at the Asian Development Bank (ADB).
ArmInfo. By the end of 2022, 60 large Armenian IT companies were among Armenia's 1,000 major taxpayers, Armenia's Ministry of High Tech Industry reports.
ArmInfo.Armenia's Minister of Economy Vahan Kerobyan held a meeting with representatives of the BostonGene IT company.
ArmInfo. The income received from renting real estate is subject to taxation, the State Revenue Committee of Armenia (SRC) reminded.
ArmInfo. The average market value of real estate in multi- apartment buildings in Yerevan for Q2 2022 increased by 5.4%, with a y-o-y growth of 16.7%, amounting to 386.2 thousand drams / 1 sq.m. This is evidenced by the data of the RA State Committee for Real Estate Cadastre.
Growth of Armenia`s economic activity to 14.5% in 10 months was accompanied by increase in exports and imports
ArmInfo. In Armenia, economic activity in January-October 2022 accelerated growth to 14.5% per annum (from 4.3% a year earlier), far exceeding the pre-Covid 7.1% growth (in the same period in 2019). This is accompanied by impressive growth in exports and imports. This is evidenced by the final data of the RA Statistical Committee, according to which the service sector continues to be the driver of economic growth to a greater extent.
ArmInfo.5,867.6 million kWh of electricity was produced in Armenia in January-August 2022, which is 16.6% higher than the figure of a year ago (against the 1.5% decrease of the previous year). According to the data of the RA Statistical Committee, in August alone electricity generation increased by 2.7% - up to 749.9 million kWh.