EAEU has proved its efficiency over last 10 years - EEC minister 

 Wednesday, June 18 2025 10:01:00
EAEU has proved its efficiency over last 10 years - EEC minister 

ArmInfo. Recently, a delegation of the Eurasian Economic Commission (EEC), headed by the EEC Minister  for Customs Cooperation Ruslan Davydov, visited Armenia. ArmInfo correspondent met with the EEC Minister, asking him to answer a number of questions

Suren Parsyan calls the downwardly revised forecast of the World Bank  and IMF for Armenia`s GDP growth
 Tuesday, April 29 2025 17:47

ArmInfo. The downwardly revised forecast of the World Bank (WB) and the International Monetary Fund (IMF) for Armenia's GDP growth at 4-4.5% is quite optimistic. Economist Suren Parsyan shared this opinion in an interview with ArmInfo.

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Universal Income Declaration: what happened has little in common with  what was intended - David Ananyan
 Wednesday, February 19 2025 16:22

ArmInfo. By implementing universal income declaration, the Armenian authorities are addressing  several problems - they streamline the work of law enforcement officers and provide the government with complete oversight of citizens' cash flows, as stated by David Ananyan, PhD in Economics, Director of DSA and former head of the State Revenue Committee of Armenia, in an interview with an ArmInfo correspondent.

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Are all funds protected in Russian banks?
 Friday, December 20 2024 15:51

ArmInfo. once said Lucius Annaeus Seneca, the famous Roman Stoic philosopher, poet and statesman To ensure the safety of our hard-earned money, the modern world has come up with a system of guaranteeing bank deposits.

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Expert: SMR technologies are still futuristic
 Monday, December 16 2024 17:07

ArmInfo. The current state of Armenia's nuclear energy sector is similar to a well-known monologue performed by People's Artist of Russia Roman Kartsev:  yesterday there were big crayfish, but for five rubles, today there  are smaller crayfish, but for three rubles.  After extensive  discussions, the Armenian government has reached a decision on the  capacity and type of the new nuclear power plant. According to RA  Prime Minister Nikol Pashinyan, a political decision has been made to  construct a nuclear power plant with a small modular reactor (SMR).  RA Minister of Territorial Administration and Infrastructure Gnel  Sanosyan commented on the Armenian Cabinet's statement, noting that  the plant will have a capacity of 400-600 MW. Based on his  statements, it can be inferred that Armenia intends to build two  power units, as SMR nuclear power plants typically have units with  capacities of up to 300 MW. Meanwhile, experts in the field emphasize  the importance of a robust nuclear energy sector for Armenia, as we  approach the fifth world industrial revolution.

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Armenian Banks: About HSBC, Ardshinbank and Conducting Business in the New Environment of Sanction Restrictions
 Friday, November 29 2024 09:01

ArmInfo.Yerevan, November 23, 2024. ArmInfo. The announced withdrawal of the Armenian branch of the prominent international Hongkong and Shanghai Banking Corporation (HSBC), a banking group with British roots, from the domestic market has raised a valid question within the country’s financial community: where will HSBC's clients, particularly its business clientele accustomed to international banking standards since 1996, go? The announcement earlier this year of HSBC Bank Armenia's acquisition by a bank with exclusively Armenian roots brought both reassurance and numerous questions. ArmInfo's Director General and economic observer Emmanuil Mkrtchyan sought to clarify the situation with David Sargsyan, Deputy Chairman of the Management Board of Ardshinbank.

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The state should establish strict rules for its relations with  investors, rather than engaging in promiscuous partnerships with them  - Artur Ashugyan
 Monday, November 4 2024 18:23

ArmInfo.Yerevan, In late September, the Mining Armenia Forum was held in Armenia, organized by the Union of Miners and Metallurgists of Armenia. The forum was attended by representatives from almost all  mining companies in the country, specialists in various fields, environmentalists, representatives from various NGOs, and foreign guests.

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Fixing over-ambitious and unrealistic goals most dangerous - expert 
 Monday, October 7 2024 12:40

ArmInfo.Armenia's GDP growth by the end of 2024 will be within 5%, but not 7% according to the  approved state budget and not 5.8% expected by the financial authorities in the draft budget for next year, Vardan Aramyan, an international consultant on public finance management and former RA  Finance Minister, stated in an interview with ArmInfo

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Idram: Infrastructure for Financial Institutions․ Idram for Everyone
 Monday, September 9 2024 21:22

ArmInfo.Armenia is one of the regional leaders in the field of contactless QR payments. QR payments were introduced in the country in 2016. We spoke with Arsen Kdenian, Director of Idram, about the current state of QR payments and the future of the sector.

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External factors only hope or Armenia`s shoestring budget
 Thursday, August 8 2024 09:37

ArmInfo. The current government is proud of the tax overfulfillment in Armenia over the past two years.  However, already at the end of the first quarter of 2024, the authorities, albeit in a low voice, began to talk about the possible underfulfillment of the target state budget indicator, and by the end of June they officially announced that tax arrears had reached approximately 9%.

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IDBank will have a new premium service lounge. Lida Safaryan
 Monday, July 29 2024 22:53

ArmInfo. IDBank regularly speaks about the advantages that privileged service customers enjoy. They are progressively expanding and adapting to international standards. We discussed this with Lida Safaryan, Head of Premium Banking Services, Commercial Director and Vice President of IDBank.

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Only two companies benefit from securities issuance assistance programme in Armenia
 Monday, July 29 2024 10:31

ArmInfo. So far, two companies have become beneficiaries of the state program to promote the issue of equity (shares) and debt (bonds) securities, as well as passing credit ratings. By the end of 2024, 2-3 more participants may join them. Hasmik Zakaryan, Head of the Department for the Development of Financial Infrastructures of the RA Ministry of Economy, spoke with an ArmInfo about the terms of the state program to promote the development of the capital market, as well as its prospects.

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Armenia needs 600MW NPP - ex-premier 
 Tuesday, July 16 2024 13:44

ArmInfo. Armenia cannot do without nuclear energy, Armenia's ex-premier Hrant Bagratyan told  ArmInfo.

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So that old age can be a joy! Present and future of funded pension  reform in Armenia
 Monday, June 17 2024 11:27

ArmInfo. Imagine for a moment that you are a beneficiary of the of the USA represented by Apple, Microsoft, META, NVIDIA, TESLA, Alphabet Inc.  and Amazon. And this became possible by joining the Mandatory Funded  Pension System (MFPS)  of Armenia.  

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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 17:31

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.

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Expert on Armenia`s international trade growth against "miserable  trade pattern"  
 Wednesday, February 21 2024 18:36

ArmInfo.The overall growth rates of Armenia's international trade turnover for 2023 are marked by unprecedented achievements, however, the structure of exports and imports, unfortunately, indicates the presence of significant imbalances and shifts containing significant long-term macroeconomic risks, Doctor  of Economy Aghasi Tavadyan told ArmInfo. 

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Expert: Armenia should use Georgian, Turkish transit opportunities
 Friday, January 19 2024 19:54

ArmInfo. In order to fully use transit opportunities with Georgia, it is necessary to enter into bilateral negotiations in order to eliminate those measures that are mutually applied to cargo carriers due to the fault of the Armenian side. A similar opinion was expressed by economist Tigran Jrbashyan, presenting the results of the "Ameria" company's "Alternative Wine Export Markets" study.

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Reforms in management of apartment buildings; Government steps away from Soviet-era approaches
 Monday, December 25 2023 20:27

ArmInfo. The Armenian authorities are reforming the institution of management of multi-unit apartment buildings (hereinafter: apartment buildings) and are considering transferring these powers to an external manager (outsourcer). At the same time, in order to protect the interests of the residents, the rights and responsibilities of the developer and the apartment owners are clarified. Tanya Arzumanyan, Head of the Department of Housing Fund Management and Communal Infrastructure of the RA Urban Development Committee, told ArmInfo.

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Armenian startups lack ambition
 Thursday, November 16 2023 12:22

ArmInfo.The international network of impact hubs (centers for social innovation,  entrepreneurship and coworking spaces) began to actively develop around the world in 2009. The opening of such a center in Armenia took place in 2016, which happened in parallel with their  establishment in many countries of Western Europe.

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SRC- from control to total dictatorship
 Tuesday, October 24 2023 14:01

ArmInfo. The legislative changes initiated by the State Revenue Committee (SRC) of Armenia, allowing  the tax authority to request from the taxpayer a bank statement on transactions without a court decision, will lead to the establishment of an "economic dictatorship" in Armenia, based not on the rule of law, but on the principles of permissiveness of the tax authorities .  Eduard Badalyan, an Expert at the Citizen, Taxpayer, Business Rights  Protection NGO shared this point of view in a conversation with an ArmInfo correspondent.

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Amid high growth, prudent fiscal stance would help avoid overheating  of economy, prevent inflationary pressures - Jihad Azour
 Wednesday, September 6 2023 11:11

ArmInfo. A delegation of the International Monetary Fund (IMF) led by Mr Jihad Azour, Director of the IMF Middle  East and Central Asia Department, and Ms Iva Petrova, IMF Mission Chief for Armenia, was on a visit to Armenia recently. In an interview with Mr Emmanuil Mkrtchyan, CEO, ArmInfo News Agency, Mr Jihad Azour said that the IMF delegation visited Armenia on the occasion of the 30th anniversary of the Armenian national currency  and foundation of the Central Bank of Armenia, landmarks in Armenia's history.

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News
Following  two Armenian officials` visit to Tbilisi, another 55  Armenian trucks receive permission to leave for RussiaFollowing  two Armenian officials` visit to Tbilisi, another 55  Armenian trucks receive permission to leave for Russia
EDB:  Armenia`s Central Bank may tighten monetary policy due to  increased risks of external inflation from the Middle East escalation EDB:  Armenia`s Central Bank may tighten monetary policy due to  increased risks of external inflation from the Middle East escalation 
Economy Minister, State Revenue Committee Chair of Armenia  seeking solutions to address issues with Armenian cognac  export  through Georgia Economy Minister, State Revenue Committee Chair of Armenia  seeking solutions to address issues with Armenian cognac  export  through Georgia 
Revolutionary step in Armenian capital market: Ameriabank gains direct access to AMXTreader  Trading system for its clientsRevolutionary step in Armenian capital market: Ameriabank gains direct access to AMXTreader  Trading system for its clients
New NNP to supply electric energy at higher price - PSRC chairman New NNP to supply electric energy at higher price - PSRC chairman 
Armenia`s premier, ArmCham discuss investments to improve business environmentArmenia`s premier, ArmCham discuss investments to improve business environment
RA State Revenue Committee exposes tax evasionRA State Revenue Committee exposes tax evasion
366 trucks with Armenian apricots cross Russia`s customs border 366 trucks with Armenian apricots cross Russia`s customs border 
Armenia`s minister of economy, head of State Revenue Committee travel to Georgia Armenia`s minister of economy, head of State Revenue Committee travel to Georgia 
USD transactions up, RUB ones down in Armenia`s interbank foreign exchange market June 16 to 20USD transactions up, RUB ones down in Armenia`s interbank foreign exchange market June 16 to 20
Goar Barseghyan: Armenia, Russia complement each other in terms of food securityGoar Barseghyan: Armenia, Russia complement each other in terms of food security
Mher Grigoryan: We need to think more about logistics and  consolidationMher Grigoryan: We need to think more about logistics and  consolidation
RA government establishes state-owned CJSC to manage 15% of  shares of Ayg-1 solar power plant RA government establishes state-owned CJSC to manage 15% of  shares of Ayg-1 solar power plant 
Armenian authorities to provide additional financing to EFSD grant program aimed at preventing the spread of COVID-19Armenian authorities to provide additional financing to EFSD grant program aimed at preventing the spread of COVID-19
RA State Revenue Committee receives additional financing for excise stamps RA State Revenue Committee receives additional financing for excise stamps 
Armenia could close its sky for Russia in case of Eurointegration -  RF vice-premier Armenia could close its sky for Russia in case of Eurointegration -  RF vice-premier 
Rosatom Service delivers 1,500 tons of new equipment to Armenian NPPRosatom Service delivers 1,500 tons of new equipment to Armenian NPP
IDBank and Henley & Partners Successfully Held the “Invest Beyond Borders: Global Mobility & Private Banking” Event in YerevanIDBank and Henley & Partners Successfully Held the “Invest Beyond Borders: Global Mobility & Private Banking” Event in Yerevan
AraratBank holds Annual  General Meeting of Shareholders AraratBank holds Annual General Meeting of Shareholders
Pashinyan will not attend EAEU forum in Minsk on June 26-27Pashinyan will not attend EAEU forum in Minsk on June 26-27
Ruling party MP: The Committee on Economic Affairs does not currently  have a bill regarding the nationalization of the Ruling party MP: The Committee on Economic Affairs does not currently  have a bill regarding the nationalization of the "Electric Networks  of Armenia" in circulation
Decline in mortgage lending in Armenia due to canceled reimbursement of income tax Decline in mortgage lending in Armenia due to canceled reimbursement of income tax 
Acba Bank to allocate AMD 6bln to payment of dividends for 2024 Acba Bank to allocate AMD 6bln to payment of dividends for 2024 
Armenian trucks with brandy cross Armenian-Georgian border - State Revenue CommitteeArmenian trucks with brandy cross Armenian-Georgian border - State Revenue Committee
Tashir Group of Companies sees no risks for its business in RussiaTashir Group of Companies sees no risks for its business in Russia
Economy Minister  on the situation around cognac products: We are  ready to undergo international expertiseEconomy Minister  on the situation around cognac products: We are  ready to undergo international expertise
New head of IMF mission in Armenia meets with Minister of Territorial  Administration and InfrastructureNew head of IMF mission in Armenia meets with Minister of Territorial  Administration and Infrastructure
Economy Minister receives IMF delegation Economy Minister receives IMF delegation 
PSRC fines Electric Networks of Armenia 10 million dramsPSRC fines Electric Networks of Armenia 10 million drams
Francoise Jacob: Armenia can prove itself as a regional leader in tourism and biodiversity at COP17Francoise Jacob: Armenia can prove itself as a regional leader in tourism and biodiversity at COP17
Ardshinbank Continues to Expand Its Network of Modern BranchesArdshinbank Continues to Expand Its Network of Modern Branches
RA Central Bank tyring to resolve housing problem for border region residents RA Central Bank tyring to resolve housing problem for border region residents 
EAEU has proved its efficiency over last 10 years - EEC minister EAEU has proved its efficiency over last 10 years - EEC minister 
Armenia`s Central Bank predicts slower GDP growth of  5.1-4.6% in  2025, with a significant decline in exports and imports Armenia`s Central Bank predicts slower GDP growth of  5.1-4.6% in  2025, with a significant decline in exports and imports 
CB Governor: Armenian banking system currently has no issues in managing potential risksCB Governor: Armenian banking system currently has no issues in managing potential risks
RA CBA Chairman: The factor of the Iranian-Israeli conflict may lead  to an increase in the refinancing rateRA CBA Chairman: The factor of the Iranian-Israeli conflict may lead  to an increase in the refinancing rate
Pashinyan, IMF mission chief discuss joint programsPashinyan, IMF mission chief discuss joint programs
Armenia believes in its long-term effective cooperation with  IMFArmenia believes in its long-term effective cooperation with  IMF
Armenia to reduce its domestic debt from 2025 on - minister Armenia to reduce its domestic debt from 2025 on - minister 
Armenia, Iraq to sign memorandum of understanding in culture and tourism Armenia, Iraq to sign memorandum of understanding in culture and tourism 
Armenia`s Central Bank once again left refinancing rate unchanged at 6.75%Armenia`s Central Bank once again left refinancing rate unchanged at 6.75%
Armenia, Germany strengthening regional cooperationArmenia, Germany strengthening regional cooperation
Opposition MP meets with IMF reps, concerned over threats to  Armenia`s economy Opposition MP meets with IMF reps, concerned over threats to  Armenia`s economy 
Converse Bank Partners with IFC to Boost Trade Finance Capabilities Converse Bank Partners with IFC to Boost Trade Finance Capabilities 
Rosselkhoznadzor concerned over regular violations of quarantine  norms in flowers imported from Armenia Rosselkhoznadzor concerned over regular violations of quarantine  norms in flowers imported from Armenia 
Approximately 28,000 declarants received reimbursement for social expenses totaling 2.5 billion drams:  PashinyanApproximately 28,000 declarants received reimbursement for social expenses totaling 2.5 billion drams:  Pashinyan
Armenia`s Cabinet of Ministers  discussing  new Tax Code Armenia`s Cabinet of Ministers  discussing  new Tax Code 
Ameriabank Partners with HIF Yerevan 2025 to Boost Hospitality Investment in ArmeniaAmeriabank Partners with HIF Yerevan 2025 to Boost Hospitality Investment in Armenia
Side by Side: IDBank Launches New Program for women forcibly displaced from ArtsakhSide by Side: IDBank Launches New Program for women forcibly displaced from Artsakh
Armenia  not planning to enter the Eurobond market 6 times in 2025  and 2026.Armenia  not planning to enter the Eurobond market 6 times in 2025  and 2026.
Finance Minister  talks about possible impact of Iran-Israel conflict  on Armenia`s economyFinance Minister  talks about possible impact of Iran-Israel conflict  on Armenia`s economy
 Armenian freight carriers face challenges due to Iranian-Israeli  conflict  Armenian freight carriers face challenges due to Iranian-Israeli  conflict 
Armenia plans to reduce its budget deficit to 1% by 2030: Finance  MinisterArmenia plans to reduce its budget deficit to 1% by 2030: Finance  Minister
WB launches water-supply and irrigation improvement programme in  Armenia WB launches water-supply and irrigation improvement programme in  Armenia 
Construction model for new nuclear power unit to be determined after  survey - official Construction model for new nuclear power unit to be determined after  survey - official 
Armenia`s minister of economy on rise in labor productivity in 2024 Armenia`s minister of economy on rise in labor productivity in 2024 
SCR launches Yerevan-Batumi-Yerevan international routeSCR launches Yerevan-Batumi-Yerevan international route
In  Armenia`s insurance market, the loss ratio for OSAGO  decreased  to 73.2% by June 2025In  Armenia`s insurance market, the loss ratio for OSAGO  decreased  to 73.2% by June 2025
Dollar transactions decreased and ruble transactions increased in  Armenian interbank foreign exchange market, June 9-13, 2025Dollar transactions decreased and ruble transactions increased in  Armenian interbank foreign exchange market, June 9-13, 2025
Armenian Deputy PM, World Bank representatives discuss key areas of  collaborationArmenian Deputy PM, World Bank representatives discuss key areas of  collaboration
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