ArmInfo NewsFeed
Central Bank of Armenia: Annual real inflation continues to grow at  an accelerated rateCentral Bank of Armenia: Annual real inflation continues to grow at  an accelerated rate
CBA: Net inflow of transfers from individuals increased by 98.6% per  annum in H1 2021CBA: Net inflow of transfers from individuals increased by 98.6% per  annum in H1 2021
Central Bank of Armenia raised refinancing rate from 6.5% to 7%Central Bank of Armenia raised refinancing rate from 6.5% to 7%
Education is the basis of a strong state: IDBank and Russian-Armenian University announced cooperationEducation is the basis of a strong state: IDBank and Russian-Armenian University announced cooperation
"Texas Production" knitting company received tax incentive from  Government within framework of investment program in amount of about  1 billion drams 
Armenian government satisfied application of Armenian government satisfied application of "GINAP" LLC for  exemption from import customs duties on imported technological  equipment
Governor: Sotk mine will be exploited again when safety issues are  resolved  Governor: Sotk mine will be exploited again when safety issues are  resolved  
 About $ 60 million will be invested in a new ski resort in the  Aragatsotn region of Armenia. About $ 60 million will be invested in a new ski resort in the  Aragatsotn region of Armenia.
Converse Bank has completed the placement of corporate bondsConverse Bank has completed the placement of corporate bonds
Armenian government to identify obstacles to launching Armoil  petrochemical plant in Kotayk regionArmenian government to identify obstacles to launching Armoil  petrochemical plant in Kotayk region
Fundraising for the start of construction of the airport UAV named  after Karen Vardanyan has been completedFundraising for the start of construction of the airport UAV named  after Karen Vardanyan has been completed
TOP-5 large taxpayers of Armenia reduced tax payments in the first  half of the yearTOP-5 large taxpayers of Armenia reduced tax payments in the first  half of the year
Managing Director of Japan Bank for International Cooperation is  ready to visit Armenia to get acquainted with cooperation  opportunitiesManaging Director of Japan Bank for International Cooperation is  ready to visit Armenia to get acquainted with cooperation  opportunities
In H1, 2021 Armenian banks transferred to the state treasury USD 60.6  million taxes with a 19.4% y-o-y growth In H1, 2021 Armenian banks transferred to the state treasury USD 60.6  million taxes with a 19.4% y-o-y growth 
Telecommunications operators of Armenia reduced tax payments to the  state budget by 12.8% in H1, 2021Telecommunications operators of Armenia reduced tax payments to the  state budget by 12.8% in H1, 2021
Delegation of Armenian Economy Ministry is in Georgia to discuss the  possibilities of expanding cooperation in the trade and economic  fieldsDelegation of Armenian Economy Ministry is in Georgia to discuss the  possibilities of expanding cooperation in the trade and economic  fields
ANIF Head: New Law on Public-Private Partnership has become an  important step towards stimulating investment in ArmeniaANIF Head: New Law on Public-Private Partnership has become an  important step towards stimulating investment in Armenia
French experts proposed mechanisms for identifying and analyzing  risks to improve the process of tax audits in ArmeniaFrench experts proposed mechanisms for identifying and analyzing  risks to improve the process of tax audits in Armenia
In H1 2021, ARMENAL plant produced 16.9 thousand tons of productsIn H1 2021, ARMENAL plant produced 16.9 thousand tons of products
 ACBA Bank: USD 5 million will be allocated to development of Green  Economy in Armenia ACBA Bank: USD 5 million will be allocated to development of Green  Economy in Armenia
Ameriabank is the leading taxpayer among Armenian banks in the first  half of 2021Ameriabank is the leading taxpayer among Armenian banks in the first  half of 2021
Armenia`s foreign trade deficit reduced in June 2021 by 20.2% per  annumArmenia`s foreign trade deficit reduced in June 2021 by 20.2% per  annum
Growth of economic activity accelerates in ArmeniaGrowth of economic activity accelerates in Armenia
Armenia intends to expand cooperation with leadership of Iran`s  Social Security Investment CompanyArmenia intends to expand cooperation with leadership of Iran`s  Social Security Investment Company
Clarification of State Revenue Committee about new advantages of  obtaining  certificate of  law-abiding taxpayerClarification of State Revenue Committee about new advantages of  obtaining  certificate of  law-abiding taxpayer
1000 large taxpayers of Armenia paid about $ 1.2 billion to the state  budget in H1, 2021: Defense Ministry apparatus is the third on the  list 1000 large taxpayers of Armenia paid about $ 1.2 billion to the state  budget in H1, 2021: Defense Ministry apparatus is the third on the  list 
US State Department Investment Review: The financial sector in  Armenia is not highly developedUS State Department Investment Review: The financial sector in  Armenia is not highly developed
Government of Armenia discussed agricultural programs implemented  with support of stateGovernment of Armenia discussed agricultural programs implemented  with support of state
Updated RA Law Updated RA Law "On Combating Money Laundering and Financing of  Terrorism" will enter into force on July 26
Armenian Regulator excludes cartel agreement in liquefied gas marketArmenian Regulator excludes cartel agreement in liquefied gas market
Tax revenues of the Armenian state treasury as of July 20 amounted to  865.2 billion AMD with an annual indicator of 1 trillion 510 billion  AMDTax revenues of the Armenian state treasury as of July 20 amounted to  865.2 billion AMD with an annual indicator of 1 trillion 510 billion  AMD
Armenian Ambassador to the Czech Republic held talks with the  leadership of Armenian Ambassador to the Czech Republic held talks with the  leadership of "CzechInvest"
Agricultural land sales remain high in the regions of ArmeniaAgricultural land sales remain high in the regions of Armenia
Deputy Minister of Economy and Russia`s Ambassador discussed  development of the Armenian-Russian strategic, trade and investment  cooperation Deputy Minister of Economy and Russia`s Ambassador discussed  development of the Armenian-Russian strategic, trade and investment  cooperation 
Resident of FEZ Resident of FEZ "Alliance" LLC "Arides" intends to expand activities  in the field of electronics and precision engineering
The trend of monthly growth in apartment prices in Yerevan continuesThe trend of monthly growth in apartment prices in Yerevan continues
It was a joke: Armenian Minister of Economy on his call to It was a joke: Armenian Minister of Economy on his call to "detain"  labor migrants
Armenian government allocated about $ 17.8 million for overhaul of  roads with length of 50.7 kmArmenian government allocated about $ 17.8 million for overhaul of  roads with length of 50.7 km
Armenian authorities will fight against tax Armenian authorities will fight against tax "parasites"
Issues of implementation of a number of investment programs discussed  in the Armenian governmentIssues of implementation of a number of investment programs discussed  in the Armenian government
Best specialists of nuclear industry started annealing reactor vessel  metal of Armenian NPPBest specialists of nuclear industry started annealing reactor vessel  metal of Armenian NPP
Armenia will explore space with Russian partnersArmenia will explore space with Russian partners
Vahan Kerobyan: Armenia`s labor market has set a new recordVahan Kerobyan: Armenia`s labor market has set a new record
Papikyan announces investments in Gyumri in amount of about $ 8.5  millionPapikyan announces investments in Gyumri in amount of about $ 8.5  million
As part of 2025 strategy, EAEU will develop a concept for  implementation of principles of green economyAs part of 2025 strategy, EAEU will develop a concept for  implementation of principles of green economy
EEC supported  draft roadmap for formation of common market for  organic agricultural productsEEC supported  draft roadmap for formation of common market for  organic agricultural products
For 5 months of 2021, the mutual trade of the EAEU member states  increased by 33%For 5 months of 2021, the mutual trade of the EAEU member states  increased by 33%
SRC of Armenia reports on the next record in the number of jobsSRC of Armenia reports on the next record in the number of jobs
Electronic system of Electronic system of "single window" in the field of foreign trade  will be launched by the end of 2021
Deputy Minister of Economy of Armenia sent on an official trip to  Russia to discuss issues of bilateral trade and economic cooperationDeputy Minister of Economy of Armenia sent on an official trip to  Russia to discuss issues of bilateral trade and economic cooperation
Revazyan: After the formation of a national air carrier, Armenia will  appeal to Europe with a request, as an exception, to allow access to  the Revazyan: After the formation of a national air carrier, Armenia will  appeal to Europe with a request, as an exception, to allow access to  the "European sky"
Life on loan: In six months, Armenia`s public debt grew by $ 901  million - up to $ 8 billion 869 millionLife on loan: In six months, Armenia`s public debt grew by $ 901  million - up to $ 8 billion 869 million
Armenia considers possibility of canceling excise tax for winemakersArmenia considers possibility of canceling excise tax for winemakers
Armenian customs officers with Iranian colleagues discussed  modernization of Meghri checkpointArmenian customs officers with Iranian colleagues discussed  modernization of Meghri checkpoint
Government together with KfW, EIB and EU will allocate 81 million  euros to ensure water supply in several regions of ArmeniaGovernment together with KfW, EIB and EU will allocate 81 million  euros to ensure water supply in several regions of Armenia
Nikol Pashinyan visited Nikol Pashinyan visited "Saranist" glass production company and got  acquainted with activities of new brandy factory
The next vector of ANIF activities is to provide support to water and  waste management systemsThe next vector of ANIF activities is to provide support to water and  waste management systems
With formation of national air carrier and increase in passenger  traffic, issue of expanding Zvartnots airport may ariseWith formation of national air carrier and increase in passenger  traffic, issue of expanding Zvartnots airport may arise
Ameriabank receives Euromoney Euromoney Award for Excellence 2021 as  the Best Bank in ArmeniaAmeriabank receives Euromoney Euromoney Award for Excellence 2021 as  the Best Bank in Armenia
The largest aviation concern in Europe - Lufthansa enters the  Armenian marketThe largest aviation concern in Europe - Lufthansa enters the  Armenian market
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Fundraising for the start of construction of the airport UAV named  after Karen Vardanyan has been completed

 Wednesday, July 28 2021
Fundraising for the start of construction of the airport UAV named  after Karen Vardanyan has been completed

ArmInfo.The dream project of the leading figure in the IT field of Armenia and the high-tech community the late Karen Vardanyan, who devoted years of his life to  promoting the technological sector, will be implemented.


Economy

"Texas Production" knitting company received tax incentive from  Government within framework of investment program in amount of about  1 billion drams 

ArmInfo.On July 29, the Armenian government satisfied the application of "Texas Production" CJSC for exemption from import customs duties on imported technological  equipment, their components, raw materials and materials imported  within the framework of the investment program, which implies  investments of about 1 billion drams.

Armenian government satisfied application of "GINAP" LLC for  exemption from import customs duties on imported technological  equipment

ArmInfo. On July 29, the Armenian government satisfied the application of "GINAP" LLC for exemption from import customs duties on imported technological equipment, their components, raw materials and materials imported within the framework  of the investment program implemented in the priority sector.

Governor: Sotk mine will be exploited again when safety issues are  resolved  
About $ 60 million will be invested in a new ski resort in the  Aragatsotn region of Armenia.

Finance and banks

Central Bank of Armenia: Annual real inflation continues to grow at  an accelerated rate

ArmInfo.The Central Bank of Armenia, taking into account the expected macroeconomic development in the external sector and economy of Armenia, and the resulting inflationary impact, considers it expedient to continue raising the refinancing rate - now  from 6.5% to 7%.

CBA: Net inflow of transfers from individuals increased by 98.6% per  annum in H1 2021

ArmInfo. In H1 2021, the net inflow of transfers increased by 98.6% per annum (from a 16.3% decline a year earlier) - to $ 382.9 million, which is largely  supported by the continuing increase by several times in remittances  from the United States, as well as recovering growth transfers from  Russia. This is evidenced by the data of the RA Central Bank.

Central Bank of Armenia raised refinancing rate from 6.5% to 7%
Education is the basis of a strong state: IDBank and Russian-Armenian University announced cooperation

Insurance

Insurance Foundation for Servicemen reported on payments made from  June 2020 to June 2021

ArmInfo. In the period from 2020 to May 31, 2021, the Insurance Foundation for Servicemen made payments in the total amount of 38.5 billion drams, of which 36.9  billion to the main beneficiaries, and 1.5 billion drams - within the  framework of the "Kamurj" program. This is stated in the official  statement of the Foundation.

The number of terminated CMTPL contracts continues to grow rapidly in  Armenia

ArmInfo.In Armenia, the number of terminated CMTPL contracts continues to grow rapidly - 3.9 -fold in January-May 2021 compared to the same period a year ago, amounting to 19,500. And almost the same - the volume of returned or refundable  premiums increased by 3 times - up to 236.1 million drams ($ 453.4  thousand). This is evidenced by the data of the Bureau of Motor  Insurers of Armenia, according to which, in the reporting period, the  number of vehicles with MTPL policy decreased by 2.3%.

Rosgosstrakh continues to lead the list of large taxpayers among  insurance companies in Armenia
In Armenia, the number of terminated CMPTL contracts jumped 2.5 times  YoY in the first quarter of 2021 
Energy

Armenian Regulator excludes cartel agreement in liquefied gas market

ArmInfo. The liquefied gas market is competitive, and the rise in prices is associated with an increase in demand. Ani Smbatyan, press secretary of the Competition ProtectionCommission (CPC) of Armenia, wrote about this on her Facebook page.

Best specialists of nuclear industry started annealing reactor vessel  metal of Armenian NPP

ArmInfo.At the Armenian NPP (ANPP) one of the most  important activities of outage-2021 has started. The joint efforts of  the specialists of "NVAER" company (a branch of   JSC)  engaged by JSC,  and of the Armenian NPP were  directed towards the recovery of physical-mechanical properties of  the reactor vessel metal.

Armenia will coordinate the BSEC Energy Working Group
"Ayg-1" 200 MW solar photovoltaic station to be put into operation in  2025

Technology

Telecommunications operators of Armenia reduced tax payments to the  state budget by 12.8% in H1, 2021

ArmInfo. Four telecom operators of Armenia paid taxes to the budget for the first half of 2021 a total of 17.7 billion drams ($ 35.7 million), which is lower than a  year ago by 12.8%. Of this amount, 5.7 billion were paid as direct  taxes (including income tax, tax on profit) and 8.1 billion - on  indirect taxes (including VAT, excise tax).

Resident of FEZ "Alliance" LLC "Arides" intends to expand activities  in the field of electronics and precision engineering

ArmInfo. On July 22, the Armenian government satisfied the application of the "Arides" company for the extension of the right of the explant of "RAO MARS" CJSC in the  "Alliance" FEZ and the expansion of activities.

Armenia will explore space with Russian partners
Possibilities of expanding Armenian-French cooperation in field of  high technologies discussed in Yerevan

Real estate

Agricultural land sales remain high in the regions of Armenia

ArmInfo.3,407 transactions for the purchase and sale of real estate were made in the regions of Armenia in June 2021, which is 64.4% of the total number of such  transactions made in the republic for the reporting month. In y-o-y  terms regional transactions for the purchase and sale of real estate  increased by 13.1%, and in June alone increased by 7.8%.

The trend of monthly growth in apartment prices in Yerevan continues

ArmInfo. In June 2021, there were 1,498 transactions for the purchase and sale of real estate in Yerevan, which is 48% higher than a year ago, with an increase of  13.9% per month. This is evidenced by the data of the State Committee  of the Real Estate Cadastre.  At the same time, the highest  percentage of transactions fell on the administrative region of  Arabkir - 17.4%, and the lowest - in Nubarashen (0.5%).

YoY transactions for the sale and purchase of apartments in Yerevan  increased 2.3-fold by June 2021
Demand for agricultural land continues to be in high in Armenia


ArmInfo.After a long time, passenger transportation in Armenia under the conditions of the coronacrisis, grew by 2.6% per annum in January-May 2021 (from a  49.2% decline a year earlier), amounting to 40,904.7 thousand people.  This is evidenced by the data of the RA Statistical Committee.

ArmInfo.Revenue in the communications sector of Armenia in January-May 2021 amounted to 58.1 billion drams ($ 111 million), with an increase of 3.2% per annum  (against a 4% decline a year earlier). This is evidenced by the data  of the RA Statistical Committee.



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