Motor Insurers` Bureau of Armenia is increasing the maximum threshold under the European protocol to 400 thousand drams from September 18 Friday, September 6 2024
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 ArmInfo. The Motor Insurers' Bureau of Armenia has announced an increase in the maximum damage threshold under the Euro protocol to 400 thousand drams from the previous 200 thousand drams effective from September 18 of this year. |
ArmInfo. Armenia's Minister of Economy Gevorg Papoyan had a meeting in Riga with Mr Girts Krumins, State Secretary of the Ministry of Agriculture of Latvia. The sides discussed the development of bilateral trade and economic relations.
ArmInfo. The III Eurasian Economic Forum will be held in Yerevan from September 30 to October 1.
ArmInfo.The beneficiary of "The Power of One Dram" in August was Aren Mehrabyan Foundation. AMD 4,135,630 was transferred to the fund by Idram and IDBank in order to support households with pasture problems in Noyemberyan community of Tavush marz.
ArmInfo.An interagency commission will be formed in Armenia to support investment programs. The decision to establish the commission was signed by RA Prime Minister Nikol Pashinyan.
ArmInfo. In the insurance market of Armenia, the loss ratio for compulsory motor third-party liability insurance increased to 79.3% by August 1, 2024 from 64% last year. This is evidenced by the data of the Bureau of Motor Insurers of Armenia.
ArmInfo. Insurance company Ingo has introduced a completely new product for the financial market of Armenia - insurance against job loss. The new product is designed to support employees by covering their financial obligations, even in the event of mutual dismissal.
ArmInfo. It is necessary to resolve the issue of poor quality of electricity supply to consumers in Armenia, Armenia's Premier Nikol Pashinyan stated at a meeting of the Government of the Republic of Armenia on September 5.
ArmInfo."Electric Networks of Armenia" have been and will remain outside of politics. This was stated at a press conference on September 4 by Vice President of the Tashir Group of Companies, Chairman of the Board of Directors of "ESA" Karen Darbinyan, commenting on the possibility of nationalization of the CJSC by the state.
ArmInfo. The Public Services Regulatory Commission (PSRC) will allocate a radio frequency of 3600-3800 MHz for the deployment of a 5G broadband network in Armenia. As reported on the page of the Ministry of High-Tech Industry, the head of the department Mkhitar Hayrapetyan stated this in an interview with Public Television.
ArmInfo. Since 2022, Armenia's IT sector has experienced significant growth, largely attributed to an inflow of re-locants from Russia. During this period, the sector has become a key contributor to GDP growth, accounting for 1-3 percentage points. But recent data from the last two quarters show a concerning picture, indicating that currently the sector is encountering serious problems.
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.Prices for apartments in the regions of Armenia increased by 15% annually, and by 6.4% over six months, amounting to an average of 144.8 thousand AMD/1 sq.m. in the first half of 2024. This is evidenced by data from the State Committee of the Real Estate Cadastre of Armenia.
ArmInfo. Armenia's gross international reserves (GIR) decreased by 14.2% per annum or $555 million to $3.354 billion by July 2024, while a year ago an increase of 13.3% or $458.6 million was recorded. Thus, GIR continues to move away from the historical maximum of $4.2 billion recorded in August 2023.
ArmInfo. Russia retains its leading position in Armenia's foreign trade, now supported by imports, whereas a year ago the main driver was exports.
ArmInfo. In 202, Armenia reduced its natural gas imports by 8.1% to 2,725,280.3 cubic meters, with a 6.7% decrease in customs value to $470.1 million. According to data from the RA Customs Service, Armenia traditionally imports natural gas from Russia and Iran.
ArmInfo. In 2023 Armenia reduced its copper ore exports by 20.4%, amounting to 326.7 thousand tons compared to 4.4% decline in 2022.The customs value of copper ore also decreased by 27.1%, totaling to $483.1 million.
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