ArmInfo NewsFeed
Armenia plans to secure $1.3 billion for the southern section of the  North-South construction`s program.Armenia plans to secure $1.3 billion for the southern section of the  North-South construction`s program.
GDP growth in Armenia in 2025 expected to be in line with potential:  Central Bank HeadGDP growth in Armenia in 2025 expected to be in line with potential:  Central Bank Head
Go Digital or Go Home: Sergey ArakelyanGo Digital or Go Home: Sergey Arakelyan
Ardshinbank Recognized as Leader in Armenia’s Secondary Corporate Bond MarketArdshinbank Recognized as Leader in Armenia’s Secondary Corporate Bond Market
Threshold for bad accounts receivable to be raised in Armenia Threshold for bad accounts receivable to be raised in Armenia 
Yes to cashless! - cruises and gifts for AraratBank MC cardholdersYes to cashless! - cruises and gifts for AraratBank MC cardholders
Priorities of Armenian-Iranian cooperation discussed in Yerevan Priorities of Armenian-Iranian cooperation discussed in Yerevan 
Armenia participating in 7th International Import ExpoArmenia participating in 7th International Import Expo
Gevorg Papoyan: $250 million needed to launch Amulsar mineGevorg Papoyan: $250 million needed to launch Amulsar mine
Security Council Chief of Armenia highlighted the importance of  enhancing bilateral economic relations in a meeting with Iranian  expertsSecurity Council Chief of Armenia highlighted the importance of  enhancing bilateral economic relations in a meeting with Iranian  experts
AraratBank: Five-Time Winner at AMX Awards 2024AraratBank: Five-Time Winner at AMX Awards 2024
Most Armenian respondents opposed closure of Metsamor NPPMost Armenian respondents opposed closure of Metsamor NPP
Economy Minister clarifies factors leading to decreased exports to  EUEconomy Minister clarifies factors leading to decreased exports to  EU
EU program to rebrand Armenian cognac to begin in second half of  NovemberEU program to rebrand Armenian cognac to begin in second half of  November
.Armenia plans to attract 2 grants from EU for construction of  North-South road section.Armenia plans to attract 2 grants from EU for construction of  North-South road section
Legal issues of transfer of Armenian government`s shares to Masdar  discussed Legal issues of transfer of Armenian government`s shares to Masdar  discussed 
EU could provide EUR 235mln to Armenia for resilience improvement  programme EU could provide EUR 235mln to Armenia for resilience improvement  programme 
Head of Armenian NA committee reports information Head of Armenian NA committee reports information "to consider"
Armenia, Turkey ministers discuss potential usage of idle  infrastructures - SanosyanArmenia, Turkey ministers discuss potential usage of idle  infrastructures - Sanosyan
Minister:  In 2024, Iran to supply Armenia with significantly higher  amount of natural gas compared to previous yearsMinister:  In 2024, Iran to supply Armenia with significantly higher  amount of natural gas compared to previous years
The state should establish strict rules for its relations with  investors, rather than engaging in promiscuous partnerships with them  - Artur AshugyanThe state should establish strict rules for its relations with  investors, rather than engaging in promiscuous partnerships with them  - Artur Ashugyan
AraratBank Initiates a Panel Discussion on AI and LeadershipAraratBank Initiates a Panel Discussion on AI and Leadership
Tourism sector financing to be reduced in 2025Tourism sector financing to be reduced in 2025
Fast Shift has joined Idram`s open QR infrastructureFast Shift has joined Idram`s open QR infrastructure
All tax administration in Armenia is primarily focused on large  businesses - State Revenue Committee Head All tax administration in Armenia is primarily focused on large  businesses - State Revenue Committee Head 
No problems in ensuring tax revenues - official No problems in ensuring tax revenues - official 
Share of taxes in Armenia`s GDP to be brought up to 25% next year -  official Share of taxes in Armenia`s GDP to be brought up to 25% next year -  official 
Armenian CB to continue reducing refinancing rate - EDBArmenian CB to continue reducing refinancing rate - EDB
ADB to provide Armenia with a loan of 89.5 million euros as part of  budget assistance frameworkADB to provide Armenia with a loan of 89.5 million euros as part of  budget assistance framework
The sale of HSBC Bank Armenia to Ardshinbank to be completed on  November 29, 2024The sale of HSBC Bank Armenia to Ardshinbank to be completed on  November 29, 2024
Armenian companies can enter Warsaw Stock Exchange with IPO through  cross- or dual listing Armenian companies can enter Warsaw Stock Exchange with IPO through  cross- or dual listing 
New and modern. Arabkir branch of IDBank reopenedNew and modern. Arabkir branch of IDBank reopened
Armenia`s Universal health insurance implementation postponed with no  set timelineArmenia`s Universal health insurance implementation postponed with no  set timeline
"Irrigated Agriculture Development in Ararat and Armavir Provinces"  to open new page for Armenia`s agricultural sector
2025 budget message: Higher GDP growth potential in Armenia 2025 budget message: Higher GDP growth potential in Armenia 
Armenia s gross international reserves 14.2% down as of Oct 2024Armenia s gross international reserves 14.2% down as of Oct 2024
Armenian AMX joins Tabadul project by Abu Dhabi ADXArmenian AMX joins Tabadul project by Abu Dhabi ADX
Armenian Airlines launches Yerevan-Batumi-Yerevan flight Armenian Airlines launches Yerevan-Batumi-Yerevan flight 
Converse Bank starts initial placement of the next AMD, USD bonds in  amount of AMD 5 billion, $5 millionConverse Bank starts initial placement of the next AMD, USD bonds in  amount of AMD 5 billion, $5 million
Armenia s tax revenues AMD 1,827.7bln as of Oct 20, 2024Armenia s tax revenues AMD 1,827.7bln as of Oct 20, 2024
Armenia, Kyrgyzstan discuss development of transport cooperationArmenia, Kyrgyzstan discuss development of transport cooperation
Armenia`s government to allocate AMD 2.9bln under regional subvention  programmes approved and implemented in 2014-2022Armenia`s government to allocate AMD 2.9bln under regional subvention  programmes approved and implemented in 2014-2022
Economy Minister: Rallies and marches in Yerevan  in 2024 cause a  decrease in Russian tourist arrivalsEconomy Minister: Rallies and marches in Yerevan  in 2024 cause a  decrease in Russian tourist arrivals
AMX 2024 awards most active market participantsAMX 2024 awards most active market participants
Learn to save. World Savings Day with Idram JuniorLearn to save. World Savings Day with Idram Junior
The price of the issue: how much will MMR construction cost ArmeniaThe price of the issue: how much will MMR construction cost Armenia
Martin Galstyan: Reduction of refinancing rate from 9.75% to 7.25%  kept loan rates from rising significantlyMartin Galstyan: Reduction of refinancing rate from 9.75% to 7.25%  kept loan rates from rising significantly
Armenia`s Deputy Minister of Finance presents country`s economic  development strategies at t the annual meetings of IMF, WB Board of  Governors Armenia`s Deputy Minister of Finance presents country`s economic  development strategies at t the annual meetings of IMF, WB Board of  Governors 
Armenia`s CB reduces refinancing rate - 7.5% down to 7.25%Armenia`s CB reduces refinancing rate - 7.5% down to 7.25%
Armenia to develop business tourismArmenia to develop business tourism
Central Bank of Armenia considers it necessary to enhance  effectiveness of government capital expenditures and refine tax  policiesCentral Bank of Armenia considers it necessary to enhance  effectiveness of government capital expenditures and refine tax  policies
Zangezur Copper and Molybdenum Plant- top taxpayer in ArmeniaZangezur Copper and Molybdenum Plant- top taxpayer in Armenia
Minister: Armenia`s planned 5.6% GDP growth for 2025 is a very high  figureMinister: Armenia`s planned 5.6% GDP growth for 2025 is a very high  figure
Gold re-export contributed to Armenia`s economic activity this  Jan-Aug - ministerGold re-export contributed to Armenia`s economic activity this  Jan-Aug - minister
Armenia`s government plans EUR 500mln Eurobond issue Armenia`s government plans EUR 500mln Eurobond issue 
Stregthening resilience and increasing economic potential one of  major tasks of Armenia`s government next year - minister Stregthening resilience and increasing economic potential one of  major tasks of Armenia`s government next year - minister 
No effort must be spared for Armenian citizens to grow rich by  working under law - premier No effort must be spared for Armenian citizens to grow rich by  working under law - premier 
Consensus on medical insurance intriduction stages reached - ministerConsensus on medical insurance intriduction stages reached - minister
Customs duties for Armenian exporters to be reduced after agreement  with Iran ratified Customs duties for Armenian exporters to be reduced after agreement  with Iran ratified 
Ameriabank presents MyHome ecosystem at Toon EXPOAmeriabank presents MyHome ecosystem at Toon EXPO
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Talk of the day

Head of Armenian NA committee reports information "to consider"

 Tuesday, November 5 2024
Head of Armenian NA committee reports information

ArmInfo. The presence of the Universal Health Insurance (UHI) is one of the conditions for  completing the EU-Armenia dialogue on visa liberalization. This is for information purposes. If there is no UHI, there will be no liberalization of the visa regime with the European Union.

Economy

Armenia plans to secure $1.3 billion for the southern section of the  North-South construction`s program.

ArmInfo. Armenia intends to attract $1.3 billion in loans for the construction of the southern section of the North-South road corridor investment program alone. This was stated by Kristine Galechyan, the Deputy Minister of  Territorial Administration and Infrastructure of the Republic of Armenia on November 6.

GDP growth in Armenia in 2025 expected to be in line with potential:  Central Bank Head

ArmInfo. The Central Bank of Armenia believes that in recent years, there has been a significant  increase in external demand, leading to an increase in the potential for generating GDP.  <We were able to meet some of this demand and convert it into quality growth.

Priorities of Armenian-Iranian cooperation discussed in Yerevan 
Armenia participating in 7th International Import Expo

Finance and banks

Go Digital or Go Home: Sergey Arakelyan

ArmInfo.Last month, leading experts from the global financial sector gathered in Amsterdam at the Global Digital Transformation Summit in Banking and Insurance, organized by the prestigious European company, Kinfos Events.

Ardshinbank Recognized as Leader in Armenia’s Secondary Corporate Bond Market

ArmInfo.Ardshinbank has been recognized as the leading institution in Armenia’s secondary corporate bond market at the annual awards organized by the Armenian Stock Exchange (AMX) and the Central Depository of Armenia. The title of best dealer is awarded based on a general vote among the dealers of AMX member Armenian banks and investment companies.

Threshold for bad accounts receivable to be raised in Armenia 
Yes to cashless! - cruises and gifts for AraratBank MC cardholders

Insurance

Armenia`s Universal health insurance implementation postponed with no  set timeline

ArmInfo.There are no plans to implement Universal Health Insurance (UHI) in Armenia in 2025.  Minister of Finance of Armenia Vahe Hovhannisyan stated this in parliament on November 1, noting that there is no corresponding expenditure item in the draft budget for the following year.

Consensus on medical insurance intriduction stages reached - minister

ArmInfo. As a result of numerous different discussions and working negotiations, it seems that there is a consensus on the format of the implementation of the stages of the universal health insurance system. 

Minimum insurance requirements for passengers, flight and service  personnel to be established for all air carriers in Armenia
Loss ratio under MTPL insurance contracts shows further upward trend 
Energy

Most Armenian respondents opposed closure of Metsamor NPP

ArmInfo.Most Armenian respondents opposed the closure of the Metsamor NPP, as evidenced by  the results of a survey conducted by the consulting company MPG under the title "Not ara, but a king!".  

Minister:  In 2024, Iran to supply Armenia with significantly higher  amount of natural gas compared to previous years

ArmInfo.In 2024, the volume of natural gas supplied by Iran to Armenia is expected to significantly exceed the volumes from previous years.

The price of the issue: how much will MMR construction cost Armenia
Top official in charge of energy sector dismissed 

Technology

Government to support Armenia`s IT sector 

ArmInfo.High-tech sector in Armenia will receive state support. The RA government approved amendments to the law "On state support to high-tech sector" and the RA Tax Code at the meeting on October 24.

RA Minister of Economy: Armenia and Belgium have many opportunities  to expand cooperation in technology and innovation

ArmInfo.Armenia and Belgium have many opportunities to expand cooperation in technology and innovation. This was stated by Gevorg Papoyan, the  Minister of Economy, during a meeting with Eric De Muynck, the Ambassador of the Kingdom of Belgium to Armenia.  He also mentioned the potential for joint initiatives, given the opportunities presented by Armenia's free economic zones.

Head of Synopsys Armenia: IT sector accounts for 5.5% of Armenia`s  GDP, an indicator comparable to developed countries 
"Synopsys" company among leaders of Armenia`s technology sector -  premier 

Real estate

Armenia`s real estate market is

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.

Foreigners` transactions on buying and selling property reduced in Armenia

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.

Land purchase and sale transactions in regions of Armenia increased by 12.7%
4.1% rise in housing prices in Yerevan in first half of 2024

Statistics

Economic activity growth in Armenia slowed down to 8.7% in  January-September 2024 

ArmInfo. In Armenia, economic activity growth slowed down to 8.7% per annum in January-September 2024 (from 9.7% in the same period of 2023). Unlike last year, the industrial sector has become one of the growth drivers. According to preliminary data from the RA Statistical Committee, this is  accompanied by continued high growth rates of exports and imports.   Despite the fact that the preliminary statistical report does not  provide more detailed information, it is evident that the high growth  in industrial production no longer coming from the jewelry industry.  It previously showed several-fold growth, but now is experiencing a  double-digit decline, as seen in the data from previous months. 

In Armenia, industrial price index increased from 101.3% to 102.9% in  January-September 2024 

ArmInfo.In Armenia, the industrial price index increased in January-September 2024 compared to the same period in 2023, reaching 102.9% from  last year's 101.3%.  

Demand for international freightage up in Armenia - ATI.SU

ArmInfo.In the third quarter of 2024, the number of applications for cargo delivery to Armenia from other countries posted on the ATI.SU Freight Exchange increased by 20% compared to the same period last year and by 7% compared to the previous quarter. This was reported by the international ATI.SU Freight Exchange.

Armenia`s industrial sector still experiencing double-digit growth

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).

Annual inflation in Armenia in September amounted to 0.6%
Double-digit growth of import prices observed in Armenia`s foreign  trade
In Armenia, industrial price index continues to rise amid  double-digit growth in industrial production
IT specialists, miners and financiers earn 5 times more than teachers and doctors - Statistical Department of Armenia
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