ArmInfo NewsFeed
Armenian PM, Head of Tashir Group of Companies discuss implementation  of investment projects Armenian PM, Head of Tashir Group of Companies discuss implementation  of investment projects 
By announcing the upcoming increase in the minimum wage and pensions,  the authorities may increase inflationary pressure - Former head of  Central BankBy announcing the upcoming increase in the minimum wage and pensions,  the authorities may increase inflationary pressure - Former head of  Central Bank
Team Telecom Armenia will partner with Tech Week Gyumri 2022Team Telecom Armenia will partner with Tech Week Gyumri 2022
According to OneTwoTrip, Armenia is in TOP-3 most popular  destinations for Russian touristsAccording to OneTwoTrip, Armenia is in TOP-3 most popular  destinations for Russian tourists
Yandex opens new office in Armenia to coordinate company`s work in  CIS countriesYandex opens new office in Armenia to coordinate company`s work in  CIS countries
Converse bank will cover the insurance costs within the framework of program lendingConverse bank will cover the insurance costs within the framework of program lending
Armenia, Russia to deepen strategic partnership in both nuclear and  non-nuclear energyArmenia, Russia to deepen strategic partnership in both nuclear and  non-nuclear energy
Government proposes way to solve problem with export of fruits and  vegetablesGovernment proposes way to solve problem with export of fruits and  vegetables
Minister: Dram revaluation may lead to repeated Minister: Dram revaluation may lead to repeated "destruction" of the  industry
Financing of subvention programs in Armenia reached 7.3 billion drams  in 2022Financing of subvention programs in Armenia reached 7.3 billion drams  in 2022
WB to provide technical assistance to educational sector of Armenia  under PPPWB to provide technical assistance to educational sector of Armenia  under PPP
Armenian government recognizes number of territories in Syunik as  Armenian government recognizes number of territories in Syunik as  "overriding public interest" for construction of North-South Corridor
Lawyer in Lawyer in "March 1" Case nominated as Judge of Armenia`s  Constitutional Court
Order Mastercard Standard and Mastercard Gold and use the preferential credit lineOrder Mastercard Standard and Mastercard Gold and use the preferential credit line
Pashinyan: From January 1, 2023, pensions, the minimum wage and  benefits will be increased in ArmeniaPashinyan: From January 1, 2023, pensions, the minimum wage and  benefits will be increased in Armenia
Tax collections will exceed the level planned for the first half of  the year by about 60 billion drams:  PashinyanTax collections will exceed the level planned for the first half of  the year by about 60 billion drams:  Pashinyan
In 2022, Armenia will be able to reduce the level of government debt  much faster than planned: Ministry of FinanceIn 2022, Armenia will be able to reduce the level of government debt  much faster than planned: Ministry of Finance
Armenia could be major supplier of sugar beet seeds to EAEU  member-states Armenia could be major supplier of sugar beet seeds to EAEU  member-states 
Armenia 84th in Speedtest Global Index rankings Armenia 84th in Speedtest Global Index rankings 
CBA: Inflow of foreign labor migrants and capital to Armenia has  increased projected GDP growth to 4.9%CBA: Inflow of foreign labor migrants and capital to Armenia has  increased projected GDP growth to 4.9%
Central Bank of Armenia forecasts increase in exports by 5.1% and  imports by 8.3% for 2022Central Bank of Armenia forecasts increase in exports by 5.1% and  imports by 8.3% for 2022
Poland considers Armenia as profitable platform for entering EAEU  marketPoland considers Armenia as profitable platform for entering EAEU  market
In its improved forecast for 2022, CBA reduces decline in net  remittance inflows to 12% from previous 20%In its improved forecast for 2022, CBA reduces decline in net  remittance inflows to 12% from previous 20%
Business community of Armenia called on government to find assistance  mechanisms in connection with dram revaluation Business community of Armenia called on government to find assistance  mechanisms in connection with dram revaluation 
CBA forecasts 14.8% unemployment in ArmeniaCBA forecasts 14.8% unemployment in Armenia
Majority interest in Armenia Securities Exchange was transferred to  Warsaw Stock ExchangeMajority interest in Armenia Securities Exchange was transferred to  Warsaw Stock Exchange
ACBA Bank and Ameriabank helped beneficiaries to equip cash registers  with system for accepting non-cash payments with investmentsACBA Bank and Ameriabank helped beneficiaries to equip cash registers  with system for accepting non-cash payments with investments
Armenia, Russia to expand cooperation in agricultural and industrial  fieldsArmenia, Russia to expand cooperation in agricultural and industrial  fields
Rossiya Airlines to start operating flights from Samara to Yerevan  from July 2Rossiya Airlines to start operating flights from Samara to Yerevan  from July 2
A joint Armenian-Russian technopark may be established in Armenia-  GordeyevA joint Armenian-Russian technopark may be established in Armenia-  Gordeyev
IMF improves Armenia`s GDP growth forecast for 2022 to 5%IMF improves Armenia`s GDP growth forecast for 2022 to 5%
Halal to open office in ArmeniaHalal to open office in Armenia
Government of Armenia approves regular applications for  implementation of subvention programs in 7 regions of countryGovernment of Armenia approves regular applications for  implementation of subvention programs in 7 regions of country
Process of discussing construction project of new power unit in  Armenia begunProcess of discussing construction project of new power unit in  Armenia begun
How long will the drama with rising dram last? - Haykaz FanyanHow long will the drama with rising dram last? - Haykaz Fanyan
Service sector is main driver of double-digit economic growth in  ArmeniaService sector is main driver of double-digit economic growth in  Armenia
ADB: Armenia is a country of great opportunitiesADB: Armenia is a country of great opportunities
Armenia`s government plans renovation of 500km of roads Armenia`s government plans renovation of 500km of roads 
ARARATBANK resumes payment of dividends in 2022 and plans new issue  of sharesARARATBANK resumes payment of dividends in 2022 and plans new issue  of shares
At the end of 2021, EDB investment portfolio reached USD 4.5 billionAt the end of 2021, EDB investment portfolio reached USD 4.5 billion
Business community of Armenia calls on economic authorities to take  urgent measures to rescue businesses that suffered greatly from sharp  revaluation of dramBusiness community of Armenia calls on economic authorities to take  urgent measures to rescue businesses that suffered greatly from sharp  revaluation of dram
Armenian NPP has been connected to country`s national gridArmenian NPP has been connected to country`s national grid
Armenian Deputy PM took part in meeting of EDB CouncilArmenian Deputy PM took part in meeting of EDB Council
Rustam Badasyan proposed to WCO Secretary General to hold 6th Global  Canine Forum in YerevanRustam Badasyan proposed to WCO Secretary General to hold 6th Global  Canine Forum in Yerevan
Armenia, Korea stress necessity to conclude intergovernmental  agreement on cooperation in customs mattersArmenia, Korea stress necessity to conclude intergovernmental  agreement on cooperation in customs matters
FLY BAGHDAD launches Baghdad-Yerevan-Baghdad flightsFLY BAGHDAD launches Baghdad-Yerevan-Baghdad flights
Armenia`s exchange market oversupplied with US dollars - expert Armenia`s exchange market oversupplied with US dollars - expert 
Opening of the second customs zone on Upper Lars will increase the  throughput capacity of the checkpoint by 30% - KerobyanOpening of the second customs zone on Upper Lars will increase the  throughput capacity of the checkpoint by 30% - Kerobyan
FLYONE ARMENIA sends its 100.000th passenger on flightFLYONE ARMENIA sends its 100.000th passenger on flight
Fly Arna office opened at Zvartnots International AirportFly Arna office opened at Zvartnots International Airport
Different prices for same product or service can not be set,  depending on method of payment, cash or non-cash -CBA  message Different prices for same product or service can not be set,  depending on method of payment, cash or non-cash -CBA  message 
ARARATBANK to act as a major sponsor of UAV contest in ArmeniaARARATBANK to act as a major sponsor of UAV contest in Armenia
Armenia can achieve economic growth of 7-9% in 2022Armenia can achieve economic growth of 7-9% in 2022
Armenia`s authorities to invest in new capital programmes Armenia`s authorities to invest in new capital programmes 
Registered jobs and taxes on them are again unprecedented in Armenia Registered jobs and taxes on them are again unprecedented in Armenia 
Inflation in Armenia is a social catastrophe: EconomistInflation in Armenia is a social catastrophe: Economist
Competition Protection Commission of Armenia on how exchange rate  affected cost of granulated sugar and sunflower oilCompetition Protection Commission of Armenia on how exchange rate  affected cost of granulated sugar and sunflower oil
Orion Summit 2022: The main challenge for Armenia is a change in  mindsetOrion Summit 2022: The main challenge for Armenia is a change in  mindset
EPIC announces start of accepting applications for participation in  Entrepreneurship World Cup EPIC announces start of accepting applications for participation in  Entrepreneurship World Cup 
ACBA Leasing has rebranded and intends to double its leasing  portfolio in next 2 yearsACBA Leasing has rebranded and intends to double its leasing  portfolio in next 2 years
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Talk of the day

By announcing the upcoming increase in the minimum wage and pensions,  the authorities may increase inflationary pressure - Former head of  Central Bank

 Friday, July 1 2022
By announcing the upcoming increase in the minimum wage and pensions,  the authorities may increase inflationary pressure - Former head of  Central Bank

ArmInfo.Former chairman of the Central Bank, economist Bagrat Asatryan sees positive prerequisites for ensuring the 7% GDP growth planned by the state budget. He stated  this in an interview with the RFE/RL's Armenian Service.


Economy

Armenian PM, Head of Tashir Group of Companies discuss implementation  of investment projects 

ArmInfo. Armenian Prime Minister Nikol Pashinyan  received Head of the Tashir Group of Companies, founder of the  Armenia Investors Club foundation Samvel Karapetyan.

According to OneTwoTrip, Armenia is in TOP-3 most popular  destinations for Russian tourists

ArmInfo. For Russian tourists in June of this year, Armenia became one of the most popular holiday destinations. This is evidenced by data from a study of OneTwoTrip  travel planning service. According to the source, The TOP-3 also  includes Tajikistan and Turkey.

Yandex opens new office in Armenia to coordinate company`s work in  CIS countries
Government proposes way to solve problem with export of fruits and  vegetables

Finance and banks

Converse bank will cover the insurance costs within the framework of program lending

ArmInfo.From now on the borrowers of Converse bank will be able to enjoy not only competitive interest rates, but they will also have the opportunity to get new real estate and accidental damage insurances.

Financing of subvention programs in Armenia reached 7.3 billion drams  in 2022

ArmInfo.On June 30, the Armenian government decided to allocate another 1.385 billion drams to co-finance subvention programs for the socio-economic development of  the regions.  According to Minister of Territorial Administration and  Infrastructures of Armenia Gnel Sanosyan, the funds will be sent for  co-financing of 24 subvention programs in 18 settlements. Of these,  22 have been implemented and 2 more are in progress (in Vardenis and  Kapan).

WB to provide technical assistance to educational sector of Armenia  under PPP
Order Mastercard Standard and Mastercard Gold and use the preferential credit line

Insurance

Fine for lack of CMTPL policy will be halved in Armenia

ArmInfo. In Armenia, the amount  of the fine for the lack of an CMTPL policy will be halved   (compulsory third-party liability insurance policy-CMTPL policy). At  the plenary session on June 14, the Parliament of the country  discusses the amendments to the Code of Administrative Offenses in  the first reading.

Armenia studies experience of Lithuania in process of implementation  of health insurance system

ArmInfo.Armenia is studying the Lithuanian experience in the process of introducing a health insurance system. This is stated in the official statement of the  Ministry of Health.

CMTPL loss ratio in Armenia decreased from 86% in 2021 to 67% by May  2022
"Rossgostrakh Armenia" IC holds lead in net insurance premiums
Energy

Armenia, Russia to deepen strategic partnership in both nuclear and  non-nuclear energy

ArmInfo. The Ministry of Territorial Administration and Infrastructures of Armenia and the  Rosatom State Atomiб Energy Corporation signed a protocol providing  for the establishment of an Armenian-Russian working group to deepen  strategic partnership in both nuclear and non-nuclear energy. 

Lawyer in "March 1" Case nominated as Judge of Armenia`s  Constitutional Court

ArmInfo. At the meeting on June 30, the Government of Armenia nominated lawyer Seda Safaryan for the position of judge of the Constitutional Court.

Process of discussing construction project of new power unit in  Armenia begun
Armenian NPP has been connected to country`s national grid

Technology

Team Telecom Armenia will partner with Tech Week Gyumri 2022

ArmInfo.Team Telecom Armenia telecommunications company will become a partner of events held within the framework of Tech Week Gyumri 2022, which will bring  together a number of experts and companies operating in the field of  IT.

Armenia 84th in Speedtest Global Index rankings 

ArmInfo.Armenia ranks 84th in the Speedtest Global Index rankings, losing 10 points, with Internet speed being 21.46 Mbps. 

A joint Armenian-Russian technopark may be established in Armenia-  Gordeyev
EPIC announces start of accepting applications for participation in  Entrepreneurship World Cup 

Real estate

Housing renovation program in Armenia will be available this June

ArmInfo. The housing renovation loan program in Armenia will be available in June this year. Program Manager at Central Bank of Armenia Davit Kirakosyan announced this  during a press conference on June 14.

Transactions on purchase and sale of real estate in Armenia by  foreigners increased by 31.6% over year

ArmInfo. In Q1 2022, 1,046 real estate purchase and sale transactions were made in Armenia by foreigners, which is 31.6% higher than a year ago. At the same time,  foreigners accounted for 8.6% of the total number of transactions  (instead of 7.2% a year earlier).

Apartment prices in RA regions increased by 15.5% y-o-y, increasing  by 5.9% in quarterly terms
Armavir leader in land purchase-and-sale deals 


ArmInfo.In Armenia, the growth of economic activity accelerated in January-May 2022 to 10.2% per annum (from 4.3% a year earlier), which is accompanied by high growth rates  of exports and imports. In May of this year, by May 2021, economic  activity accelerated growth to 13% (from 10.9% a year earlier), while  increasing by 6.1% in May 2022 (against 2% growth in May 2021 and  5.3% growth in April 2022).

ArmInfo. Russia has significantly increased the export of pork to Armenia. This was  announced on the sidelines of the St. Petersburg International  Economic Forum (SPIEF- 2022) by head of Rosselkhoznadzor (Federal  Service for Veterinary and Phytosanitary Surveillance) Sergey  Dankvert.



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