ArmInfo.Deputy Minister of Energy of the Russian Federation Yevgeny Grabchak's statement about the completion of the feasibility study for the project to connect the energy systems of Russia, Azerbaijan and Iran, marks an important stage in the development of a new transit electricity corridor called the
<North-South> corridor. Vahe Davtyan, expert in cross-border transport and energy projects, political scientist and Doctor of Sciences, expressed this viewpoint on his Telegram page.
ArmInfo.As part of a working visit to London, a delegation led by the Minister of Finance of the
Republic of Armenia Vahe Hovhannisyan met with the Vice President of the European Investment Bank (EIB) Teresa Czerwinska.
ArmInfo. In the Armenian interbank foreign exschange market, dollar transactions increased from May 12 to May 16, 2025, while ruble transactions decreased. Euro transactions have not been carried out for over two months. Specifically, the weekly trend for ruble transactions shifted from 64.3% growth to a 30.4% decrease, while the trend for dollar transactions changed from a 38.2% decrease to a 62% increase. As a result, the total weekly volume of dollar transactions once again surpassed ruble transactions by 1.7 times. The previous week the situation was reversed, with ruble transactions exceeding dollar transactions by 1.3 times.
ArmInfo. On May 16, the Students and Youth Day is celebrated in Armenia. Young people, who will soon join the ranks of Armenian students, found support in their career journeys not only from their families and schools, but also from financial and non-governmental institutions.
ArmInfo. Since 2025, the situation in the insurance market has started to change: premiums have increased, while compensation has decreased, leading to a significant rise in profits. This is evidenced by data from the Financial Rating of Insurance Companies of Armenia as of 31.03.2025, prepared by ArmInfo IC based on published financial reports and missing indicators requested from the insurance companies. In the first quarter of 2025, there was a notable slowdown in in the annual decline of insurance premiums to 7%, exceeding 20.9 billion drams (over $ 53.4 million). Compensations also saw a shift in dynamics, with a slight 0.2% decrease, amounting to 10.3 billion drams ($ 26.2 million). As a result, net profit experienced a significant turnaround, going from a 73% decline to an 82.3% growth, reaching 807.2 million drams ($ 2.1 million). The most impressive profit growth was provided by LIGA Insurance (3 times) and the new IC Efes (9 times). Both companies were able to eliminate losses and achieve a substantial positive level, contributing to an overall increase market profits. For comparison, in the first quarter of 2024, premiums and compensations had opposite trends - a 19% decline in the former was accompanied by a 43% growth in the latter, as a result of which net profit fell by 73%.
ArmInfo. The net profit of the insurance sector of Armenia in the first quarter of 2025 increased by 82.3% per annum (against a 73% decline a year ago) and reached 807.2 million drams ($2.1 million). This was the result of a strong slowdown in the annual decline in premiums from 19% to 7% (20.9 billion drams or $53.4 million) and a reversal in the dynamics of compensation from a significant 43% growth towards a 0.2% decline (10.3 billion drams or $26.2 million). This is evidenced by the data of the Financial Rating of Insurance Companies of Armenia as of 31.03.2025, prepared by ArmInfo IC based on published financial reports and additional data requested from the insurance companies.
ArmInfo. Intensive development of solar energy in Armenia is not a problem in itself, the problem arises when it is done without technical calculation, without a long-term market strategy, says energy expert, Doctor of Political Sciences Vahe Davtyan.
ArmInfo.The Public Services Regulatory Commission issued a permit today for the operation of the
industrial solar power plant "Masrik 1" with a capacity of 55 MW. On May 14, Mesrop Mesropyan, the head of the department, made this announcement during the presentation of the report on the activities of the PSRC in 2024.
ArmInfo. Minister of High-Tech Industry of Armenia Mkhitar Hayrapetyan received the Chairman of the Technical Committee of the international organization of the digital radio industry WorldDAB and the chief architect of the BBC digital systems Lindsay Cornell and the communications manager William Jackson.
ArmInfo. Armenia and Sweden have reached an agreement on expanding innovative, technological and investment cooperation, as well as long-term mutually beneficial cooperation. This was reported by the Ministry of High-Tech Industry, citing the results of the visit of Deputy Minister Ruben Simonyan to Sweden to participate in the Business Seminar on Armenia event.
ArmInfo. The average market price of apartments in the regions of Armenia increased by 12.9% per
annum in the first quarter of 2025, reaching 162.3 thousand drams / 1 sq.m.
ArmInfo. In the first quarter of 2025, the average market price of real estate in apartment buildings in Yerevan increased by 1.5%, reaching an average of 464.3 thousand drams / 1 sq. m.
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