Expert: When there is no trust between private and public sectors, unfortunately, there is no need to talk about right decisions Thursday, April 18 2024
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 ArmInfo. I do not share the optimism that Armenia will be able to diversify its export markets in a few years; maybe it will be possible to somewhat reduce its dependence on the Russian market. Emil Stepanyan, co-founder of the Export Armenia Association of Experts stated in a conversation with an ArmInfo correspondent. |
ArmInfo. Minister of Economy of Armenia Gevorg Papoyan met with Ambassador of the Republic of South Africa to Armenia Shoayb Casoo.
ArmInfo. Minister of Economy of Armenia Gevorg Papoyan received Ambassador of the United Arab Emirates to the Republic of Armenia, Dr. Nariman Mohammed Sharif Abdulla AlMulla.
ArmInfo.Starting from April 1, 2024, IDBank clients who make their booking on the GetTransfer online platform and mobile application and pay with IDBank cards will receive an exclusive cashback.
ArmInfo. On April 17, Converse Bank began the initial placement of dram and dollar bonds in the amount of 5 billion drams and $10 million in 2024. This is noted in the Bank's statement.
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. Yerevan is trying to fit into the field of anti-Iranian sanctions, demonstrating to the Anglo-Saxon 'bosses' its readiness to reduce economic cooperation with Iran significantly Political scientist, Doctor of Political Sciences Vahe Davtyan wrote on his Facebook page, commenting on the decision of the RA government to liquidate Energoimpex JSC.
ArmInfo. Prime Minister Nikol Pashinyan received the Executive Director of the German Fichtner company operating in the energy sector, Martin Stickel, and the company's representatives. Viktor Richter, Ambassador Extraordinary and Plenipotentiary of Germany to Armenia, also participated in the meeting.
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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