Armenia, Kazakhstan have unrealized economic potential - premier Monday, April 15 2024
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 ArmInfo.Armenian Prime Minister Nikol Pashinyan is convinced that despite the growth in bilateral trade turnover, there is still unrealized potential between Armenia and Kazakhstan in terms of developing trade and economic cooperation, stimulating investment and developing infrastructure ties and trade. |
ArmInfo. There are encouraging preconditions for Armenia to receive a high-quality and abundant harvest of apricots this year. Former Minister of Agriculture of Armenia Ashot Harutyunyan expressed a similar opinion during a press conference on April 16.
ArmInfo.The Eurasian Fund for Stabilization and Development (EFSD) has prepared a new working paper "Assessing the potential impact of natural disasters on debt sustainability of Armenia, Kyrgyzstan and Tajikistan." Due to their geographical location, relatively small territory and highly concentrated economy, natural disaster risks can have a significant impact on the macroeconomic indicators of these countries.
ArmInfo. Leasing EXPO -2024, the specialized exhibition opened its doors in Yerevan, which brought together 70 brands producing equipment and machinery for more than 12 industries under one roof. The exhibition is organized by the Lessors' Association of Armenia and the Big Projects company.
ArmInfo.AraratBank intends to double its leasing portfolio by the end of 2024. Edgar Avagyan Head of the Leasing Department at AraratBank told journalists on the sidelines of the Leasing Expo-2024 specialized exhibition.
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. The European Investment Bank (EIB) will provide Armenia with a loan of 25 million euros for the implementation of the second stage of the program to improve the energy efficiency of buildings and structures in Yerevan.
ArmInfo. The European Investment Bank (EIB) will provide Armenia with a loan of 25 million euros for the implementation of the second stage of the program to improve the energy efficiency of buildings and structures in Yerevan.
ArmInfo. Armenia is considering appointing an attach‚ in Silicon Valle. Minister of High-Technological Industry of Armenia, Mkhitar Hayrapetyan, stated this during a press conference on April 15.
ArmInfo. Prime Minister Nikol Pashinyan does not agree with the assurances that IT specialists are leaving Armenia en masse.
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. At the end of 2023, the average market value of real estate in apartment buildings in Yerevan increased by 10.3% year-on-year, amounting to 425.3thousand AMD/1 sq.m. According to data from the State Committee of the Real Estate Cadastre of the Republic of Armenia, the highest prices for apartments in Yerevan are traditionally held by the Kentron (Center) community - on average 837.7 thousand AMD/1 sq.m. (y-o-y growth of 13.5%).
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.
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