Armenia`s wine heritage presented in London, Manchester Monday, October 14 2024
|
 ArmInfo.Events aimed at increasing the recognition of Armenian wines were held in the United Kingdom of Great Britain and Northern Ireland. |
Armenia`s wine heritage presented in London, Manchester Monday, October 14 2024
|
ArmInfo.Events aimed at increasing the recognition of Armenian wines were held in the United Kingdom of Great Britain and Northern Ireland. |
ArmInfo. Armenian Airlines will temporarily suspend flights from October 14 to November 22. This was stated in a statement by the carrier.
ArmInfo. Deputy Minister of Economy of Armenia Narek Teryan has written a letter of resignation from his post. The information was confirmed by the press service of the department.
ArmInfo.IDBank and Idram summarize the September program of the "The Power of One Dram" initiative, which supported the "Moonk" technical school established by the "ES" educational foundation in Artsakh in 2022. "Moonk" offers technological education to children in various regions of Armenia. The 4,093,527 drams raised through "The Power of One Dram" initiative will help support the ongoing education of its 400 current beneficiaries and attract over 100 new students from 10 communities in the Syunik and Lori regions.
ArmInfo. In order to solve some existing problems in the sphere of regulation of non-public investment funds, the Armenian government proposed to make amendments and additions to the Law "On Investment Funds" and a number of related draft laws. The proposal was approved on October 11 at a meeting of the RA National Assembly Committee on Financial, Credit and Budgetary Issues.
ArmInfo.Minimum requirements for insuraring passengers, flight crew and service personnel will be established for all air carriers and aircraft operators in Armenia.
ArmInfo. In the insurance market of Armenia, the loss ratio for compulsory motor third-party liability insurance increased to 79.1% by September 1, 2024 from 65% last year. This is evidenced by the data of the Bureau of Motor Insurers of Armenia.
ArmInfo.Deputy Minister of Territorial Administration and Infrastructure of Armenia Hakob Vardanyan has been dismissed from his post. The corresponding decision was signed by Prime Minister Nikol Pashinyan on October 11.
ArmInfo. A meeting took place at the Matignon Palace in Paris between Armenian Prime Minister Nikol Pashinyan and the newly appointed head of the French government Michel Barnier.
ArmInfo.The IT sector accounts for approximately 5.5% of Armenia's GDP, which is a relatively high indicator, comparable to that of developed countries. This assessment of the local IT industry was provided by Hovik Musaelyan, the director of Synopsys Armenia, in an interview with the Shant TV channel. Additionally, he characterized the industry with indicators such as the number of employees, which is approximately 40,000 people, and an annual growth rate of 25-30%.
ArmInfo. Prime Minister Nikol Pashinyan attended the jubilee award ceremony dedicated to the 20th anniversary of "Synopsis Armenia" with the slogan "Recognize the best, inspire the next" at Al. Spendiaryan National Academic Theater of Opera and Ballet.
ArmInfo. Armenia's real estate market may grow significantly by the end of the year. These estimates were shared by Arsen Avetisyan, the founder of the Armenian Association of Real Estate Agents, during a press conference on September 12.
ArmInfo. In Armenia, in the first half of 2024, foreign citizens completed 1,737 real estate purchase and sale transactions, which is 21.8% lower than a year ago. Moreover, of the total number of transactions, the share of transactions made by foreigners accounted for 6.4% (versus 9.4% a year earlier). This is evidenced by the data of the RA State Committee for Real Estate Cadastre.
ArmInfo. Armenia's industrial sector in January-August 2024 achieved double-digit 13.7% growth compared to a 0.1% decline a year earlier, providing a volume of AMD 1.9 trillion ($4.8 billion).
ArmInfo. From January to August 2024, Armenia generated 6,121.2 million kWh of electricity marking a 2.4% increase compared to the same period last year. According to the Statistical Committee of the Republic of Armenia, in August alone, electricity production rose by 8.1% to 819.9 million kWh.
ArmInfo.In the consumer market of Armenia, annual inflation in September amounted to 0.6%, with a deflation of 1.1% for the first nine months of 2024. Comparatively, a year ago, during the same periods, annual inflation was recorded at 0.1% and nine-month deflation at 2.3%. This is evidenced by the data of the Statistical Committee of the Republic of Armenia for January- July 2024.
ArmInfo.In July 2024, import prices in Armenia's foreign trade increased by 12.1% annually, while export prices only grew by 7.3%. The previous year, import prices had decreased by 13.5%, while export prices, on the contrary, had showed a higher growth rate of 14.2%.
Idram: Infrastructure for Financial Institutions․ Idram for Everyone
External factors only hope or Armenia`s shoestring budget
Armenia`s economy and state competing for sooner collapse - ex-official 
Armenian broker Invia Investments to provide access to trading on ITS
South Caucasus needs unified market without strategic partners - expert 
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 scientist