By end of 2023, Armenia to register 2nd largest economic growth and lowest inflation rate among EAEU countries. But risks still remain - EDB Friday, June 2 2023
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 ArmInfo. At the end of 2023, Armenia will register the second largest economic growth among the EAEU countries, but at the same time the lowest inflation. This is the forecast of Eurasian Development Bank (EDB) analysts, which is included in the Macroeconomic Outlook of 6 EAEU member countries published today. |
ArmInfo.As part of the Meghri border crossing reconstruction and modernization project, the groundbreaking ceremony of the new Meghri checkpoint took place today. Head of the State Revenue Committee of the Republic of Armenia Rustam Badasyan said on his Facebook page.
ArmInfo. Armenia may become an operator in the Iranian port of Chabahar. Minister of Economy of Armenia Vahan Kerobyan announced on his Facebook page.
ArmInfo. Armenia's Converse Bank will present its financial product Converse Leasing at the Leasing Expo 2023 exhibition in Yerevan, June 2 to 4.
ArmInfo.From May 30 to December 30, get IDBank's Visa Business Platinum payment card with a monthly service fee of AMD 3,000 or AMD 30,000 per year. This means that the premium class business card introduced for the first time in Armenia by IDBank can now serve your business on more profitable terms.
ArmInfo. The loss ratio for CMPTL in Armenia in January-April 2023 decreased to 62% from 67% in January-April 2022, being much lower than the pre-Covid 73% in January- April 2019.
ArmInfo.The list of 1000 largest taxpayers in Armenia in Q1 2023 included 3 insurance companies out of 6 operating ones. According to the data of the State Revenue Committee, the list includes Liga Insurance, Nairi Insurance, and INGO Armenia.
ArmInfo. In Armenia, there are opportunities for the construction of solar power plants with a total installed capacity of up to 1,000 megawatts.Chairman of the Public Services Regulatory Commission (PSRC) of the Republic of Armenia Garegin Baghramyan stated on May 30 during the budget discussions in the commissions of the National Assembly.
ArmInfo.Capital investments of $800 million and bringing the capacity of solar plants to 2000 MW from the existing 400 MW will make solar energy the main source of energy in Armenia. President of New Energy Group, former Deputy Minister of Energy and Natural Resources of Armenia Hayk Harutyunyan, shares this opinion.
ArmInfo."Telecom Armenia" OJSC (trademark: Team Telecom Armenia) has issued and is allocating stocks through a public offering, giving everyone the opportunity to participate in the development of the company, make an investment, share the success and become the shareholder of Team.
ArmInfo.As of May 26 this year, more than 150,000 households of the republic already have access to Team Telecom Armenia's powerful NGN network. This is stated in the message of the telecommunications operator.
ArmInfo.1,024 real estate purchase and sale transactions were made by foreign citizens in Armenia, in Q1 2023, which is 2.1% lower than a year ago. Moreover, 9.4% of the total number of transactions were made by foreigners (against 8.6% a year earlier). Usually, the number of foreigners selling real estate in Armenia prevails over the number of buyers. This is evidenced by the data of the RA State Committee for Real Estate Cadastre.
ArmInfo.The average market value of real estate in multi- apartment buildings in Yerevan in Q1 2023 amounted to 405.2 thousand drams / 1 sq.m., which is higher by 10.6%, than the same period in 2022, with a quarterly growth of 1.8% alone. This is evidenced by the data of the State Committee for Real Estate Cadastre.
ArmInfo. In Armenia, the specific debt burden per capita continues to grow at a double-digit pace (16%), reaching $3.7 thousand by April 1, 2023 from $3.2 thousand a year earlier, with growth accelerating from 10.3% to 16%.
ArmInfo.The Ministry of Economy of Armenia is considering the possibility of creating a regulatory framework for option agreements. This became known following the meeting of the SME sub-council chaired by Minister of Economy Vahan Kerobyan.
ArmInfo. As a result of the stabilization of food prices, in the consumer market of Armenia in March 2023, compared to March 2022, inflation decreased to 5.4% (from 7.4% a year earlier). In Q1 2023 also, inflation was lower than last year's quarterly level of 0.8% against 3.5%, which was also the result of the stabilization of food prices and the reduction in the cost of non-food products.
ArmInfo. Armenia's economic activity increased by 10.5 percent in January 2023 compared to January 2022 (against 15.4% growth a year earlier), far exceeding the pre- Covid 6.1% growth in the same period in 2019. In January alone, economic activity decreased by 46.1% (against a 45% decline in January 2022 and a 46.9% decline in January 2019), and the decline was recorded in all areas.
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