ArmInfo NewsFeed
Free statements and references from IDBankFree statements and references from IDBank
How to cut costs? 5 tips from IDBank and IdramHow to cut costs? 5 tips from IDBank and Idram
Ameriabank is the largest taxpayer among Armenian banks
Team Telecom once again joins the Sevan Startup SummitTeam Telecom once again joins the Sevan Startup Summit
Ameriabank Receives 3 Awards for Excellence by Euromoney: the Best Bank, the Best Digital Bank, and the Best Bank for SMEs in Armenia for 2024
EBRD and Ameriabank to support Armenian businesses through stable trade finance fundingEBRD and Ameriabank to support Armenian businesses through stable trade finance funding
Zangezur Copper and Molybdenum Plant tops list of Armenia`s 1,000 major taxpayers
Food Safety Inspectorate comments on reports on ban on export of  Armenian agricultural products to Russia Food Safety Inspectorate comments on reports on ban on export of Armenian agricultural products to Russia
Economic activity growth in Armenia continues to slow downEconomic activity growth in Armenia continues to slow down
Russian Fora-Bank opens representative office in ArmeniaRussian Fora-Bank opens representative office in Armenia
Armenian producers to participate in the international WORLD FOOD  INDIA fairArmenian producers to participate in the international WORLD FOOD INDIA fair
Economic Competition Protection Commission defends Armenia`s farmersEconomic Competition Protection Commission defends Armenia`s farmers
PUM Netherlands Senior Experts presents opportunities for Artsakh SME  economic integrationPUM Netherlands Senior Experts presents opportunities for Artsakh SME economic integration
More families to benefit from IVF programme in Armenia More families to benefit from IVF programme in Armenia
EBRD to issue EUR 2mln grant to Armenia for FEA center in Sisian
Armenia`s cabinet approves $200mln loan for Kajaran tunnel  construction Armenia`s cabinet approves $200mln loan for Kajaran tunnel construction
Armenia to attract $100mln from EFSD to cover budget deficit Armenia to attract $100mln from EFSD to cover budget deficit
"Veolia Jur" responded to Yerevan Mayor`s Advisor Kamo Areyan
Sanosyan got acquainted with construction progress of roads bypassing  KirantsSanosyan got acquainted with construction progress of roads bypassing Kirants
The mayor`s office proposed the government to reconsider the  agreement with Veolia JurThe mayor`s office proposed the government to reconsider the agreement with Veolia Jur
France`s potential for construction of new NPP in Armenia discussed France`s potential for construction of new NPP in Armenia discussed
Iranian companies to carry out construction on 32km-long section of  Kajaran-Agarak road Iranian companies to carry out construction on 32km-long section of Kajaran-Agarak road
Gevorg Papoyan met with UNDP Permanent Representative Natia  Natsvlishvili Gevorg Papoyan met with UNDP Permanent Representative Natia Natsvlishvili
Know the penalties for late personal income tax filing Know the penalties for late personal income tax filing
Foreigners` transactions on buying and selling property reduced in  ArmeniaForeigners` transactions on buying and selling property reduced in Armenia
Land purchase and sale transactions in regions of Armenia increased  by 12.7%Land purchase and sale transactions in regions of Armenia increased by 12.7%
4.1% rise in housing prices in Yerevan in first half of 20244.1% rise in housing prices in Yerevan in first half of 2024
Armenia`s minister of territorial administration visits Masrik-1  solar stationArmenia`s minister of territorial administration visits Masrik-1 solar station
Domestic debt forming part of government`s debt exceeds foreign debt  for first timeDomestic debt forming part of government`s debt exceeds foreign debt for first time
UNDP programme: warm houses, less expensesUNDP programme: warm houses, less expenses
Ministry of High-Tech Industry supports Team Telecom Armenia Ministry of High-Tech Industry supports Team Telecom Armenia
Armenian-United Arab Emirates business forum to take place in Abu  DhabiArmenian-United Arab Emirates business forum to take place in Abu Dhabi
IDBank continues the IDBank continues the "By Your Side" Program
Armenian ambassador to Greece highlights importance of Armenia`s  active participation in TIF-HELEXPOArmenian ambassador to Greece highlights importance of Armenia`s  active participation in TIF-HELEXPO
Air Arabia plans to sue Armenia at ArbitrationAir Arabia plans to sue Armenia at Arbitration
EFSD conducts workshop on procurement and financial management of  projects EFSD conducts workshop on procurement and financial management of  projects 
Iran-Armenia high-voltage line to be put into operation in few months  - ambassadorIran-Armenia high-voltage line to be put into operation in few months  - ambassador
New Armenal management could start presale preparation New Armenal management could start presale preparation 
Our team is doing everything possible to manage increased traffic  more efficiently - ZvartnotsOur team is doing everything possible to manage increased traffic  more efficiently - Zvartnots
CBA to direct 80% of its annual profit to partly cover interest-free  bill of exchange  CBA to direct 80% of its annual profit to partly cover interest-free  bill of exchange  
Few concerned in Armenia over high pesticide level in food - NGO head Few concerned in Armenia over high pesticide level in food - NGO head 
Head of Economic Competition Protection Commission explains gas price  rise Head of Economic Competition Protection Commission explains gas price  rise 
EFSD to provide $2 mln grant to Armenia for program to improve  quality of financial reporting of public sector organizationsEFSD to provide $2 mln grant to Armenia for program to improve  quality of financial reporting of public sector organizations
WB to provide $110mln loan to Armenia for universal health coverage WB to provide $110mln loan to Armenia for universal health coverage 
Ingo Insurance presents job loss insurance in Armenia`s market Ingo Insurance presents job loss insurance in Armenia`s market 
As long as Pashinyan government remains in power in Armenia, it is  unlikely Armenia will launch a counter bid or join BRICS  - opinion As long as Pashinyan government remains in power in Armenia, it is  unlikely Armenia will launch a counter bid or join BRICS  - opinion 
Cattle productivity improvement programme to be launched in Armenia Cattle productivity improvement programme to be launched in Armenia 
South Caucasus needs unified market without strategic partners -  expert South Caucasus needs unified market without strategic partners -  expert 
New world order to show Armenia can and must cooperate with with all  nations - Tatul Manaseryan New world order to show Armenia can and must cooperate with with all  nations - Tatul Manaseryan 
Armenia needs 600MW NPP - ex-premier Armenia needs 600MW NPP - ex-premier 
Post of Russia considering possibility of mailing to Armenia via  North Ossetia  Post of Russia considering possibility of mailing to Armenia via  North Ossetia  
Advantages of franchising discussed in Armenia with Acba Bank`s  participation Advantages of franchising discussed in Armenia with Acba Bank`s  participation 
Czech Republic to assist modernization of Yerevan metro Czech Republic to assist modernization of Yerevan metro 
Wine output records 32.6% y/y decline in Jan-May Wine output records 32.6% y/y decline in Jan-May 
ICC NCA to assist organization of WCIT2024 in Armenia ICC NCA to assist organization of WCIT2024 in Armenia 
New social vulnerability assessment system to be introduced in  Armenia New social vulnerability assessment system to be introduced in  Armenia 
Armenia`s government to provide AMD 2.2bln to construction  organizations Armenia`s government to provide AMD 2.2bln to construction  organizations 
AMD 4․046․161  to the Strong Mind NGO. July`s beneficiary is the SIA Armenia programAMD 4․046․161 to the Strong Mind NGO. July`s beneficiary is the SIA Armenia program
Wine-filled days of DILIJAN WINE FEST 2024 will take place on August 3 and 4Wine-filled days of DILIJAN WINE FEST 2024 will take place on August 3 and 4
Ardshinbank was again Named Best in Two Categories by Asian Banking & Finance MagazineArdshinbank was again Named Best in Two Categories by Asian Banking & Finance Magazine
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Talk of the day

UNDP programme: warm houses, less expenses

 Tuesday, July 23 2024
UNDP programme: warm houses, less expenses

ArmInfo. Most buildings in Armenia  were built during the Soviet years.  Heating in such houses is more  expensive. This affects not only the pockets of citizens, but also  the climate.  Meanwhile, modern technologies can not only reduce CO2  emissions and costs for residents, but also increase the cost of such  buildings.

Economy

Ameriabank is the largest taxpayer among Armenian banks

ArmInfo. Ameriabank continues  to lead among other Armenian banks in a row. According to the data of  the State Revenue Committee, in the first half of 2024, Ameriabank  ranked 6th (versus 4th a year earlier), having paid 17.5 billion AMD  to the state budget, of which 16.5 billion AMD were direct taxes  (including profit tax, income tax).

Team Telecom once again joins the Sevan Startup Summit

ArmInfo. The annual campsite  business forum Sevan Startup summit once again gathered investors,  mentors and representatives of innovative startups from around the  world.

Zangezur Copper and Molybdenum Plant tops list of Armenia`s 1,000 major taxpayers
Food Safety Inspectorate comments on reports on ban on export of Armenian agricultural products to Russia

Finance and banks

Free statements and references from IDBank

ArmInfo.Traveling starts with detailed planning, and in the case of some countries, with obtaining a visa. Many people know the tedious side of paperwork.

How to cut costs? 5 tips from IDBank and Idram

ArmInfo.How to spend less and save more? This question troubles many - both ordinary human beings and the tycoons who have accumulated crazy wealth, because everyone wants to live better and have more money, even if they don't recognize it.

Ameriabank Receives 3 Awards for Excellence by Euromoney: the Best Bank, the Best Digital Bank, and the Best Bank for SMEs in Armenia for 2024
EBRD and Ameriabank to support Armenian businesses through stable trade finance funding

Insurance

Ingo Insurance presents job loss insurance in Armenia`s market 

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.

From January 1, 2026, medical insurance will become mandatory for   tourists  arriving in Georgia

ArmInfo.From January 1, 2026, medical insurance and accident insurance will become mandatory for  tourists  arriving in Georgia.

EFES: swiss and German health guarantees already available in Armenia
Government is ready to share risks with agricultural insurers
Energy

Iran-Armenia high-voltage line to be put into operation in few months  - ambassador

ArmInfo. Relations between Iran and Armenia are of particular importance for Tehran. Iranian Ambassador to Yerevan Mehdi Sobhani told the Iranian news agency CNN.

Head of Economic Competition Protection Commission explains gas price  rise 

ArmInfo.The price of liquefied gas averages 100-110 drams, which is due to an increase in prices on  the international exchange. Chairman of the Commission for the Protection of Competition (KPC) Gegham Gevorgyan stated this during a briefing on July 18, answering questions from journalists. At the  same time, he noted that the trend of rising prices is observed not only in our country, but throughout the world.

will conduct a survey of underground gas pipelines  with a total length of over 335 km
Armenia`s scores are the worst in the Energy Transition Index for the  last decade: LUYS Foundation

Technology

ICC NCA to assist organization of WCIT2024 in Armenia 

ArmInfo. The Alliance of Advanced Technology Companies has signed a memorandum of  understanding with the National Committee of the International Chamber of Commerce (ICC NCA). Cooperation between the parties involves support in organizing the World Congress of Innovation and Technology (WCIT2024/DigiTec) and assistance in attracting international participants.

Smart Place: smart solutions for comfort and energy-saving

ArmInfo.Team Systems presented its new Smart Place environmental automation systems, which feature  products from world leaders offering smart solutions for apartments, houses, hotels and commercial premises.

Armenia, Georgia discuss possible implementation of regional  high-tech projects 
Viva-MTS announces rebranding 

Real estate

Foreigners` transactions on buying and selling property reduced in Armenia

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.

Land purchase and sale transactions in regions of Armenia increased by 12.7%

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.

4.1% rise in housing prices in Yerevan in first half of 2024
Armenia`s government enlarges list of beneficiaries of housing  programme in border regions 

Statistics

Wine output records 32.6% y/y decline in Jan-May 

ArmInfo. Wine production in Armenia in January-May 2024 decreased by 32.6% per annum, amounting  to 3.8 million liters, sparkling wine (champagne) - by 19.3% to 444.8 thousand liters. This is evidenced by the data of the Statistical Committee.

Unemployment up in Armenia 

ArmInfo. In the first quarter of 2024, the unemployment rate in Armenia was 15.5%, while a year  earlier for the same period the unemployment rate was slightly lower - 13.7%. This is evidenced by the data of the RA Statistical Committee.

Armenia`s economy vulnerable to external shocks - EFSD

ArmInfo.In 2024, the growth of the Armenian economy will slow down slightly, but will remain at a  high level of 6.3%. This is stated in the regional economic review of the Eurasian Fund for Stabilization and Development (EFSD) for the summer of 2024.

Industrial price index began to rise amid high industrial production  growth in Armenia

ArmInfo. The industrial price index began to rise in Armenia. Thus, in January-May 2024, the industrial price index was 102.2% (versus 98.4% in the same period of 2023), amid the sharp acceleration in the y-o-y growth of the industrial sector from 3% to 22% in January-May 2024, up to 1.2 trillion drams ($2.97 billion). 

YOY inflation in Armenia decreased from 1.3% to 0.3% in May, due to  cheaper food products
Price index for industrial products in Armenia, began to rise amid  high growth in industrial production
Food products, services cause of 0.8% inflation in Jan-Apr 2024 
Armenian service sector generated revenue of $1.2 billion in first  two months
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26.07.2024
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GBP499.990.58
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