Moscow reacts to gas overtures between Yerevan and Baku Monday, April 29 2024
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ArmInfo.Moscow reacts to gas overtures between Yerevan and Baku, says Doctor of Political Sciences Vahe Davtyan. |
Moscow reacts to gas overtures between Yerevan and Baku Monday, April 29 2024
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ArmInfo.Moscow reacts to gas overtures between Yerevan and Baku, says Doctor of Political Sciences Vahe Davtyan. |
ArmInfo.The RA government wants to introduce a new format for concluding an agreement - SAFE (Simple agreement for future equity). At a meeting on April 26, the RA National Assembly Commission on Economic Issues issued a positive conclusion on the amendments to the law "On Joint-Stock Companies."
ArmInfo.The services of the Civil Aviation Committee of Armenia will become paid. At a meeting on April 26, the RA National Assembly Commission on Economic Affairs issued a positive conclusion on the amendments to the laws "On State Duty" and "On Aviation" submitted by the RA government in the second reading.
ArmInfo. Within days, Converse Bank's dram coupon bonds were bought in the primary market in the amount of 5 billion drams. It is noteworthy that this tranche was put up for sale together with the dollar bonds on April 17, and within a week the dram bonds were fully distributed. This is noted in a message from Converse Bank.
ArmInfo. In Q1 2023, the banking system of Armenia increased tax contributions to the state treasury by 8.3% per annum - up to 22.2 billion drams ($56.5 million). Of this amount, 85.2% or 18.9 billion drams were paid in direct taxes, with a y-o-y increase of 7.4%.
ArmInfo.As part of a pilot program to introduce an agricultural insurance system, the Armenian government will not only subsidize insurance premiums, but will also compensate the costs of insurance companies if a certain threshold of insurance payments is exceeded.
ArmInfo.The Asian Development Bank (ADB) intends to expand its areas of activity in Armenia. Luke Fochtman, Deputy Country Director of ADB (Asian Development Bank )Armenia Resident Mission stated this during a press conference on April 11, presenting the ADO (Asian Development Outlook).
ArmInfo. According to estimates by the United States Agency for International Development (USAID), to increase energy independence, Armenia needs a new nuclear power plant with a capacity of 600 MW. Abgar Budaghyan, head of USAID Armenia's energy security project, expressed such an opinion on April 26 during public discussions on "Prospects of diversification of the energy sector in Armenia".
ArmInfo.According to data for 2022, Armenia imports 73% of its energy resources, that is, the level of energy independence is about 27%. Abgar Budaghyan, head of USAID Armenia's energy security project stated on April 26 during public discussions on the topic "Prospects for diversification of the energy sector in Armenia."
ArmInfo. In the first quarter of 2024, more than 10 cases of administrative offenses were initiated against processors of biometric personal data and special category personal data. As a result, an administrative penalty in the form of a fine was applied to 8 organizations. The RA Ministry of Justice reports.
ArmInfo. In January-March 2024, 84 IT companies were included in the list of 1000 large taxpayers of Armenia, which allocated 20.8 billion drams to the state budget, which is 3.5% or 728 million drams more than a year ago. This is stated in a study by the Modex consulting company.
ArmInfo.The average market value of real estate of apartment buildings in Yerevan was 457.3 thousand drams/1 sq.m., in Q1 2024, 12.9% higher than the year-ago figure, according to the data from the State Real Estate Cadastre Committee.
ArmInfo. The average market price of apartments in the regions of Armenia in 2023 increased by 13.4%, amounting to 130.8 thousand AMD/1 sq.m.
ArmInfo.Service sector of Armenia provided revenue in the amount of 473.1 billion drams in Jan-Feb 2024 ($1.2 billion), slowing down in y-o-y growth from 23.5% to 5.2%. This is evidenced by data from the RA Statistical Committee, according to which in February alone, the service sector showed a decline of 0.3% - to 236.2 billion drams ($584.2 million).
ArmInfo. Metallurgical industry of Armenia increased production volumes by 37% per annum in Jan-Fe 2024 (versus a 31% decline a year earlier). This is evidenced by the data of the RA Statistical Committee.
ArmInfo.The 1.2% deflation in the consumer market of Armenia in March 2024 compared to March 2023 (compared to the 5.4% inflation recorded a year ago) was caused by the drop in food prices. In Q1 2024, inflation was slightly lower than last year's quarterly level - 0.2% versus 0.8%, which was the result of cheaper non-food products.
ArmInfo. In Armenia, the price index of industrial products decreased in Jan-Feb 2024 compared to the same period in 2023 to 99.6% from 100.8% a year earlier. Such a trend is observed against the backdrop of a sharp acceleration in the y-o-y growth of the industrial sector from 1% to 28.9%, providing volumes of 461.6 billion drams ($1.1 billion), by preliminary data from the RA Statistical Committee.