Amid high growth, prudent fiscal stance would help avoid overheating  of economy, prevent inflationary pressures - Jihad Azour

 Wednesday, September 6 2023 11:11:00
Amid high growth, prudent fiscal stance would help avoid overheating  of economy, prevent inflationary pressures - Jihad Azour

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.

Armenia needs tested and approved nuclear power unit
 Monday, August 7 2023 11:07

ArmInfo. Today is the deadline for the 2-month term for the expert opinion by the interagency group for construction of a new nuclear power unit formed under a decision  by Armenia's Premier Nikol Pashinyan. 

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Economist: one should not expect serious economic growth in Armenia  without industrial development in mid-term
 Monday, July 31 2023 15:24

ArmInfo. There is practically no policy aimed at developing high value-added industries in Armenia.  This, in fact, is evidenced by the data of both the RA Statistical  Committee and the list of the largest domestic taxpayers. Doctor of  Economic Sciences, Professor Ashot Tavadyan expressed a similar point  of view in an interview with ArmInfo.

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Armenian expert on risks of further domestic debt growth 
 Monday, June 5 2023 11:28

ArmInfo.The increase of the share of domestic debt in the total government debt up to 47% in Armenia by  May 2023 can be considered from two aspects - both as an achievement by Armenia's economic authorities and their "involuntary" torpedoing economic progress, Armenia's former minister of finance, international expert Vardan Aramyan said in an interview with ArmInfo. 

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German investments for the sake of Armenia`s sustainable development
 Monday, May 15 2023 15:40

ArmInfo. "We all live under the same sky, but we don't all have the same horizon," the great German politician Konrad Adenauer said, in a tough discussion with the United States on the issue of restoring Germany destroyed by the WW2 and insisted on canceling the initial scenario of turning it into a country with an agriculture-led economy, forcing the ally to the implement the Marshall Plan, aimed at restoring the infrastructure and industrial power of Germany. 

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RUB depreciation to lead to loss of competitiveness of Armenian  products in Russian market- Suren Parsyan
 Tuesday, April 4 2023 15:23

ArmInfo.Further depreciation of the ruble will lead to the loss of competitiveness of goods of Armenian origin in the Russian market and a decrease in the pace of economic  activity in Armenia. Economist Suren Parsyan expressed this opinion  in an interview with ArmInfo.

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Separating apples from oranges: The essence of compliance
 Thursday, March 30 2023 10:52

ArmInfo. Russian resettlers, whose number in Armenia, according to various sources, is estimated from 80 to 100 thousand people, not only contributed to high "statistical" economic growth and low "estimated" inflation in the country, but also made it possible to significantly strengthen the resources of the Armenian banking system.  However, Armenia, having benefited from both people and capital, has appeared under the powerful sanctions lens of the Western countries, which is seriously concerned about the possibility of circumvention of anti-Russian sanctions by countries friendly or neutral to Russia. Armenian banks were immediately warned that they must strictly follow the international regulations against the legalization of proceeds from crime (money laundering) and put up serious barriers to clients' attempts to circumvent anti-Russian sanctions in the course of trading activities.  By and large, by March last year, Armenian banks were not ready for such a turn, and therefore they began to actively implement the so-called compliance control and its tough “barrier” tools.

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Ban on dollar mortgages in Armenia: On guard of consumer interests  or lobbying for banking interests-  Karen Zakaryan
 Monday, February 13 2023 19:00

ArmInfo. Currency volatility causes significant risks not only for the state, but also for those citizens who have foreign currency and especially mortgage loans.  Armenian MPs of the ruling party noted the risks and suggested  issuing mortgages in drams, except in cases where citizens have  proven income in foreign currency.

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Pashinyan-led government has nothing in common with economic growth -  Suren Parsyan
 Monday, February 6 2023 23:06

ArmInfo.The day Russian relocated employees go back to Russia with their capital, Armenia's economic growth will "burst like a soap-bubble," economist Suren  Parsyan said in an interview with ArmInfo. 

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Health insurance in Armenia: Why does social justice contradict  social solidarity in Health Ministry`s compulsory health insurance  concept and what are risks of State Fund control ?
 Tuesday, January 31 2023 15:44

ArmInfo.The model of compulsory health insurance  system (CHI) conceptually proposed by the Armenian Ministry of Health, is not justified and is fraught with serious  risks. Haykaz Fanyan, head of the ACSES Analytical Center (Armenian  Center for Socio- Economic Studies), told ArmInfo.

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Expert: The development of the cryptosector in Armenia is the key to the involvement of new players, the growth of the tax base and jobs  
 Saturday, January 21 2023 11:09

ArmInfo.In the summer of 2022, the State Revenue Committee of the Republic of Armenia appealed to the Central Bank of the Republic of Armenia with a call to ensure the regulation of the cryptosector. Such a need, as noted then by head of the Committee Rustam Badasyan, arose due to cases of tax evasion in this field, money laundering and other risk factors.

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Declaration of income: We have not achieved tax egalitarianism -  Expert
 Friday, January 13 2023 16:29

ArmInfo.The past couple of years in t Armenia's economic policy were marked by the adoption of a number of important, one might say, key legislative acts aimed at  increasing investment attractiveness and stimulating economic  activity in the country.

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Structural reforms more urgent amid significant uncertainty – IMF
 Tuesday, December 20 2022 12:55

ArmInfo.The Executive Board of the International Monetary Fund (IMF) approved SDR 128.8 million (about US$171.1 million) 36-Month Stand-By Arrangement (SBA) for Armenia to help maintain macroeconomic stability, provide insurance against downside risks, and support structural reform agenda. On this occasion, Mr Mehdi Raissi, IMF Resident Representative in Armenia, kindly agreed to answer a number of questions in an interview with ArmInfo.

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Structural reforms more urgent amid significant uncertainty – IMF
 Tuesday, December 20 2022 11:13

ArmInfo. The Executive Board of the International Monetary Fund (IMF) approved SDR 128.8 million (about US$171.1 million) 36-Month Stand-By Arrangement (SBA) for Armenia to help maintain macroeconomic stability, provide insurance against downside risks, and support structural reform agenda. On this occasion, Mr Mehdi Raissi, IMF Resident Representative in Armenia, kindly agreed to answer a number of questions in an interview with ArmInfo.

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Draft law on Universal Income Declaration is incomplete, and its hasty adoption is dangerous: President of Association of Financiers of Armenia
 Wednesday, December 14 2022 18:15

ArmInfo. The universal income declaration system will be launched in Armenia from 2023. The  initiative will be implemented in three stages and by 2025 it will  become mandatory for all citizens who are residents of the Republic  of Armenia. " Once again, we first adopt an incomplete law, and then  look at what will come of it," Soghomon Mirzoyan, President of   Association of Financiers of Armenia, said in an interview with an  ArmInfo correspondent, talking about the risks and timeliness of the  government's initiative.

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Armenia`s transport infrastructure yet unprepared for new geoeconomic  configuration - Vahe Davtyan 
 Friday, December 2 2022 18:24

ArmInfo.The statements on the need for a North-South international transport corridor via Armenia regular made in India fit in with the geopolitical  developments in the Greater Middle East, Vahe Davtyan, a PhD in  political science and expert in transnational infrastructure project  development, said in an interview with ArmInfo. 

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Sporadic construction of solar power plants could undermine Armenia`s  food security - expert
 Tuesday, November 29 2022 14:06

ArmInfo.Bringing the share of electric energy generated by renewable energy-generating facilities up to 15% in Armenia's total energy output is quite  realistic, Astghine Pasoyan, Director of the Foundation to Save  Energy, said in an interview with ArmInfo. 

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Armenia`s economy is unhealthy: Economist offers ways to solve  existing problems
 Thursday, November 17 2022 17:23

ArmInfo. In economic terms, after gaining independence, Armenia from an agro-industrial country, where metalworking, mechanical engineering, chemical, light, food  industries developed, turned into a state with a small economy, which  could not boast of either a rich natural resource potential or an  advantageous geographical position.

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Vardan Aramyan: The Armenian economy is overheated. Quick and  unpopular cooling solutions needed
 Friday, November 11 2022 13:00

ArmInfo. By the end of 2022, Armenia's GDP growth will reach 12-13%. At the same time, experts estimate the potential growth rates of the RA GDP at 4-4.5%.

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Why have large infrastructure projects stalled?  Expert`s opinion
 Thursday, November 10 2022 12:06

ArmInfo.The implementation of the Meghri hydroelectric power plant construction project on the Araks river bordering Iran is already in serious doubt.  Director at   Energy Strategy Center at Scientific Research Institute of Energy of  the Republic of Armenia Vahan Sargsyan told in an interview with  ArmInfo correspondent.

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Central Bank tries to regulate inflation on its own, while RA  government watches process from side
 Wednesday, November 9 2022 13:06

ArmInfo.YOY inflation in Armenia reached 9.9% in September 2022. According to the forecast set in the basis of the draft state budget for 2023, 12-month inflation  will exceed the target range (4% with a plus/minus 1.5% deviation)  by the end of the year and will amount to 8.5%, and according to the  forecast of the Central Bank, the country will complete 2022 with an  inflation rate of 10%.

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News
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CBA improves its 2023 forecast for Armenia`s GDP growth from previous  6.9% to updated 7.2%CBA improves its 2023 forecast for Armenia`s GDP growth from previous  6.9% to updated 7.2%
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Vahan Kerobyan: The first 3 tourism clusters in Armenia will be  established in Areni, Gyumri and DilijanVahan Kerobyan: The first 3 tourism clusters in Armenia will be  established in Areni, Gyumri and Dilijan
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