"C-Quadrat" is interested in further participation in the development  of Armenian pension system

 Tuesday, October 4 2022 17:04:00

ArmInfo. Prime Minister of Armenia Nikol Pashinyan received the founder and CEO of the Austrian "C-Quadrat Investment Group" Alexander Schutz and the delegation led  by him. The press service of the Prime Minister reports.  The Prime  Minister emphasized the involvement of "C-Quadrat" (jointly with the  German company "Ampega Asset Management") in the process of managing  pension funds of Armenia, in the person of C- Quadrat Ampega Asset  Management Armenia LLC.

Armenia takes an intersectoral approach to solving problems of water  sector management
 Monday, October 3 2022 17:08

ArmInfo. On October 3 and October 4, the 20th meeting of the interdepartmental advisory commission of the National Policy Dialogue in the water sector is  being held in Armenia. This is stated in the message of the RA  Ministry of Environment.

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Government discusses investment program for construction of  new bus  station in Yerevan 
 Saturday, October 1 2022 15:03

ArmInfo.  The 2nd meeting of the Investment Committee was held under the chairmanship of the Prime Minister of Armenia. 

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IMF will continue to support development of Armenian economy
 Saturday, October 1 2022 14:55

ArmInfo. The IMF will continue to promote the development of the Armenian economy through the implementation of programs.  International Monetary Fund (IMF)  mission head in Armenia Iva Petrova stated this during a working  meeting with the Minister of Economy of Armenia Vahan Kerobyan, on  September 30.

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Yerevan hosts 16th meeting of Armenian-Belarusian Intergovernmental  Commission
 Friday, September 30 2022 16:38

ArmInfo. Yerevan hosted the 16th meeting of the Armenian- Belarusian intergovernmental commission, which was chaired by Minister of Economy of Armenia Vahan Kerobyan from the Armenian side, and by Minister of Forestry of  Belarus Alexander Kulik from the Belarusian side. Vahan Kerobyan  announced this on his Facebook page.

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The share of exports, imports and transfers in Armenia`s GDP in 2023  will decrease compared to 2022:  Macroeconomic project of state  budget
 Friday, September 30 2022 11:47

ArmInfo.The share of exports in Armenia's GDP in 2023, compared to 2022, will decrease. The financial authorities of the republic also projected a decline in the  imports and remittances. This is stated in the budget report of the  next year's state budget project.

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13th regional exhibition PANARMENIAN EXPO 2022 opened in Yerevan
 Friday, September 30 2022 10:25

ArmInfo. About 120 Russian, Armenian, Iranian, German companies, as well as companies from other countries, representing different branches of business will  participate in the 13th regional exhibition PANARMENIAN EXPO 2022,  which was opened on September 29. 

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SRC chairman, IMF representatives discuss issues of ensuring access  to bank information for tax authorities information
 Thursday, September 29 2022 19:51

ArmInfo.Chairman of State Revenue Committee Rustam Badasyan received IMF Mission Chief for Armenia Iva Petrova. IMF Resident Representative for Armenia Mehdi  Raissii and international experts participated in the meeting as part  of the IMF delegation.

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High-voltage power line to Iran damaged due to Azerbaijani shelling:  Minister
 Thursday, September 29 2022 19:49

ArmInfo.The Azerbaijani Armed Forces fired at high-voltage power lines through which Armenia supplies electricity to Iran in large volumes. Minister of  Territorial Administration and Infrastructures Gnel Sanosyan stated  this on September 29 at a meeting with ambassadors accredited in  Armenia in the village of Kut, Gegharkunik region of Armenia.

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Governor: Due to the enemy`s actions, the Sotk gold mine is operated at 40 percent
 Thursday, September 29 2022 19:46

ArmInfo. After a large-scale military aggression by the Azerbaijani armed forces on  the night of September 13, the activity of the Sotk gold mine was  stopped.  Governor of Gegharkunik region Karen Sargsyan announced  this to journalists on September 29 during a study visit of foreign  diplomats to familiarize themselves with the consequences of the  Azerbaijani attack on peaceful settlements.

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CBA further improves its forecast of unemployment rate: It is  expected to decrease to 14.1% in 2022
 Thursday, September 29 2022 16:06

ArmInfo. In the new forecast for 2022, the Central Bank further improved its expectations for the unemployment rate in Armenia. It is expected that it will decrease to  14.1% (from 15.3% in 2021), against the previously forecasted decline  to 14.8%. But in the medium term, the unemployment rate is expected  to rise to 15%, which is also below the previously indicated forecast  range of 15-16%.

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FLYONE ARMENIA to start operating Yerevan-Milan-Yerevan flights
 Thursday, September 29 2022 14:10

ArmInfo.From December 15, FLYONE ARMENIA will start operating flights on the  Yerevan-Milan-Yerevan route. This is stated in the message of  "Armenia" International Airports" CJSC.

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Armenian tax authorities exceeded program tax collection target by  about $180 million
 Thursday, September 29 2022 14:06

ArmInfo. As of September 29, the taxes collected in Armenia were about 180 million dollars more than the figure planned for January-September of this year. Chairman  of the State Revenue Committee (SRC) of Armenia Rustam Badasyan  stated this on September 29 at a government meeting.

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Armenia to significantly increase capex for infrastructure projects  in 2023
 Thursday, September 29 2022 14:03

ArmInfo.In 2023, Armenia plans to significantly increase capital expenditures to improve  infrastructures. This was stated by Minister of Finance Tigran  Khachatryan, presenting the draft state budget for 2023 at a  government meeting on September 29.

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Yerevan becomes one of most popular destinations for Red Wings  passengers
 Thursday, September 29 2022 13:33

ArmInfo. Yerevan has become one of the most popular destinations for Red Wings passengers.  This is evidenced by the data of the air carrier.

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Tenders for construction of Kajaran-Agarak section of North-South  project to be invited 
 Thursday, September 29 2022 10:55

ArmInfo. Armenia's Vice-Premier Hambardzum Matevosyan chaired a meeting of the  Management Board of the North-South Road Corridor Programme - the  renovation and improvement work on the Vanadzor-Alaverdi-Georgian  border highway, investment programme of stable urban development and  Northern corridor organization programme. 

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Armenian government discuss draft budget for 2023
 Wednesday, September 28 2022 20:29

ArmInfo. RA Prime Minister Nikol Pashinyan chaired a consultation at the government on the macroeconomic, fiscal and expenditure framework of the 2023 draft  state budget, the Prime Minister's press service reports.

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With its new forecast for 2022, CBA further reduces decline in net  inflow of transfers from previous 13% to 7%
 Wednesday, September 28 2022 20:06

ArmInfo. With its new forecast for 2022, the Central Bank of Armenia,, further reduced the decline in net inflow of transfers (including income of seasonal  workers and private transfers) from the previous 13% to 7% (against  an actual 54% growth in 2021), based on estimates of more positive  changes in the Russian economy, the projected decline of which is  reduced from the previously expected 7.4%).

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EBRD improves its 2022 GDP growth forecast for Armenia from previous  4.5% to updated 8%
 Wednesday, September 28 2022 17:51

ArmInfo.The European Bank for Reconstruction and Development (EBRD) has improved its 2022 GDP growth forecast for Armenia from the previous 4.5% to an updated 8%,  thereby expecting more sustainable growth.

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Wizz Air starts operating Rome-Yerevan-Rome flights
 Tuesday, September 27 2022 10:28

ArmInfo. From 26 September 2022 Wizz Air started operating flights on the route Rome-Yerevan-  Rome. Flights will be operated twice a week: every Monday and Friday.

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3rd session of Geographical Indications sub-committee under CEPA  between Armenia and EU took place
 Monday, September 26 2022 19:05

ArmInfo.On September 26, the 3rd session of the Geographical Indications sub-committee, operating under the Comprehensive and Enhanced Partnership Agreement  (CEPA) between Armenia and the European Union, took place online. RA  Deputy Minister of Economy Rafael Gevorgyan chaired the meeting, the  press service of the RA Ministry of Economy reports.

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News
Central Bank of Armenia: Net inflow of private transfers from Russia  increased 5.5-fold in 8 months of 2022Central Bank of Armenia: Net inflow of private transfers from Russia  increased 5.5-fold in 8 months of 2022
"C-Quadrat" is interested in further participation in the development  of Armenian pension system
Nikol Pashinyan: Armenia values cooperation with IAEANikol Pashinyan: Armenia values cooperation with IAEA
EDB: The service sector continues to be the main driver of Armenia`s  economic growth EDB: The service sector continues to be the main driver of Armenia`s  economic growth 
Armenia takes an intersectoral approach to solving problems of water  sector managementArmenia takes an intersectoral approach to solving problems of water  sector management
Government discusses investment program for construction of  new bus  station in Yerevan Government discusses investment program for construction of  new bus  station in Yerevan 
IMF will continue to support development of Armenian economyIMF will continue to support development of Armenian economy
Net inflow of remittances to Armenia continues to grow at very high  pace due to remittances from RussiaNet inflow of remittances to Armenia continues to grow at very high  pace due to remittances from Russia
Yerevan hosts 16th meeting of Armenian-Belarusian Intergovernmental  CommissionYerevan hosts 16th meeting of Armenian-Belarusian Intergovernmental  Commission
Armenia Securities Exchange, Central Depository of Armenia completed  ISO 27001 and ISO 9001 recertificationArmenia Securities Exchange, Central Depository of Armenia completed  ISO 27001 and ISO 9001 recertification
CBA significantly improves its forecast for projected export and  import growth in 2022 to 28-24%, from 5.1-8.3% previouslyCBA significantly improves its forecast for projected export and  import growth in 2022 to 28-24%, from 5.1-8.3% previously
The share of exports, imports and transfers in Armenia`s GDP in 2023  will decrease compared to 2022:  Macroeconomic project of state  budgetThe share of exports, imports and transfers in Armenia`s GDP in 2023  will decrease compared to 2022:  Macroeconomic project of state  budget
13th regional exhibition PANARMENIAN EXPO 2022 opened in Yerevan13th regional exhibition PANARMENIAN EXPO 2022 opened in Yerevan
IFC’s New Loan to Evocabank to Help Smaller Businesses Grow and Create Jobs in ArmeniaIFC’s New Loan to Evocabank to Help Smaller Businesses Grow and Create Jobs in Armenia
SRC chairman, IMF representatives discuss issues of ensuring access  to bank information for tax authorities informationSRC chairman, IMF representatives discuss issues of ensuring access  to bank information for tax authorities information
High-voltage power line to Iran damaged due to Azerbaijani shelling:  MinisterHigh-voltage power line to Iran damaged due to Azerbaijani shelling:  Minister
Governor: Due to the enemy`s actions, the Sotk gold mine is operated at 40 percentGovernor: Due to the enemy`s actions, the Sotk gold mine is operated at 40 percent
CBA further improves its forecast of unemployment rate: It is  expected to decrease to 14.1% in 2022CBA further improves its forecast of unemployment rate: It is  expected to decrease to 14.1% in 2022
FLYONE ARMENIA to start operating Yerevan-Milan-Yerevan flightsFLYONE ARMENIA to start operating Yerevan-Milan-Yerevan flights
Armenian tax authorities exceeded program tax collection target by  about $180 millionArmenian tax authorities exceeded program tax collection target by  about $180 million
Armenia to significantly increase capex for infrastructure projects  in 2023Armenia to significantly increase capex for infrastructure projects  in 2023
Yerevan becomes one of most popular destinations for Red Wings  passengersYerevan becomes one of most popular destinations for Red Wings  passengers
In 2023, government debt will be reduced to 50% of GDP, from expected  53% by the end of 2022: Draft state budget of ArmeniaIn 2023, government debt will be reduced to 50% of GDP, from expected  53% by the end of 2022: Draft state budget of Armenia
11%-12% GDP growth expected in Armenia in 202211%-12% GDP growth expected in Armenia in 2022
Yerevan Municipality, Asian Development Bank discuss new areas of  cooperationYerevan Municipality, Asian Development Bank discuss new areas of  cooperation
Tenders for construction of Kajaran-Agarak section of North-South  project to be invited Tenders for construction of Kajaran-Agarak section of North-South  project to be invited 
Armenian government discuss draft budget for 2023Armenian government discuss draft budget for 2023
With its new forecast for 2022, CBA further reduces decline in net  inflow of transfers from previous 13% to 7%With its new forecast for 2022, CBA further reduces decline in net  inflow of transfers from previous 13% to 7%
CB new forecast for 2022-2023: Armenian GDP growth will slow down  from 12.9% to 4.4%, and inflation will decrease from 10.3% to the  target 4%CB new forecast for 2022-2023: Armenian GDP growth will slow down  from 12.9% to 4.4%, and inflation will decrease from 10.3% to the  target 4%
The first snail breeding farm was established in ArmeniaThe first snail breeding farm was established in Armenia
EBRD improves its 2022 GDP growth forecast for Armenia from previous  4.5% to updated 8%EBRD improves its 2022 GDP growth forecast for Armenia from previous  4.5% to updated 8%
Armenian authorities` intention to construct a new, 1,200 MW, nuclear  power unit is erroneous- expertArmenian authorities` intention to construct a new, 1,200 MW, nuclear  power unit is erroneous- expert
Wizz Air starts operating Rome-Yerevan-Rome flightsWizz Air starts operating Rome-Yerevan-Rome flights
3rd session of Geographical Indications sub-committee under CEPA  between Armenia and EU took place3rd session of Geographical Indications sub-committee under CEPA  between Armenia and EU took place
Armenia`s GDP growth to be double-digit in 2022 - EconomistArmenia`s GDP growth to be double-digit in 2022 - Economist
USD 25 million to support the private sector USD 25 million to support the private sector
Armenia`s economic activity increased by 13.9% in 8 months of 2022Armenia`s economic activity increased by 13.9% in 8 months of 2022
Armenia-Italy Textile Alliance Forum started in MilanArmenia-Italy Textile Alliance Forum started in Milan
Dmitry Volvach: Trading volumes of the ruble-dram currency pair  increased more than 1000-fold on the Moscow ExchangeDmitry Volvach: Trading volumes of the ruble-dram currency pair  increased more than 1000-fold on the Moscow Exchange
Armenia`s minister of economy hosts WB Country Manager for ArmeniaArmenia`s minister of economy hosts WB Country Manager for Armenia
EBRD launches climate governance platform for business leaders in  Ukraine, Georgia and ArmeniaEBRD launches climate governance platform for business leaders in  Ukraine, Georgia and Armenia
Another step in promoting the Armenian-Russian decentralized  cooperation: Pashinyan`s address to participants of Armenian-Russian Interregional Forum Another step in promoting the Armenian-Russian decentralized  cooperation: Pashinyan`s address to participants of Armenian-Russian Interregional Forum 
Iran Khodro Company starts supplying cars to ArmeniaIran Khodro Company starts supplying cars to Armenia
Armenia, China are considering  possibility of organizing direct  flights between  countriesArmenia, China are considering  possibility of organizing direct  flights between  countries
Expert: With the stabilization of the military-political situation,  the exchange rate in Armenia will also stabilizeExpert: With the stabilization of the military-political situation,  the exchange rate in Armenia will also stabilize
Gradual softening of the global inflationary environment will weaken  the inflationary impact from the external sector on the Armenian  economyGradual softening of the global inflationary environment will weaken  the inflationary impact from the external sector on the Armenian  economy
CBA significantly improves its forecast for GDP growth for 2022 to  12.9%, but expects inflation at 10.3%CBA significantly improves its forecast for GDP growth for 2022 to  12.9%, but expects inflation at 10.3%
Central Bank of Armenia raised refinancing rate from 9.5% to 10%Central Bank of Armenia raised refinancing rate from 9.5% to 10%
TOTAL opens training center in Etchmiadzin for training specialistsTOTAL opens training center in Etchmiadzin for training specialists
WB stands ready to continue to assist Armenian government in  implementation of priority programsWB stands ready to continue to assist Armenian government in  implementation of priority programs
Armenia`s producers to get 1% tax reduction for recalling spoiled  productsArmenia`s producers to get 1% tax reduction for recalling spoiled  products
FLY ONE Armenia transported over 200.000 passengers in its first year  in marketFLY ONE Armenia transported over 200.000 passengers in its first year  in market
Armenia`s minister of economy visits ski resort construction project  in Aragatsotn Armenia`s minister of economy visits ski resort construction project  in Aragatsotn 
Pashinyan instructs to find new investors for mines that are  currently not being developedPashinyan instructs to find new investors for mines that are  currently not being developed
AMD 4.676.836 to the “Rehabilitation City of Heroes” psychological center: the next beneficiary of “The Power of One Dram” is the 4090 FoundationAMD 4.676.836 to the “Rehabilitation City of Heroes” psychological center: the next beneficiary of “The Power of One Dram” is the 4090 Foundation
ACBA Bank fourth bank to join government-sponsored 10% cashback  programme for pensioners and reliefersACBA Bank fourth bank to join government-sponsored 10% cashback  programme for pensioners and reliefers
Presentation of Jobbit instrument held in Yerevan Presentation of Jobbit instrument held in Yerevan 
New power unit under construction at Kursk NPP could be serve as  standard for Armenia - ministerNew power unit under construction at Kursk NPP could be serve as  standard for Armenia - minister
Diaspora factor in Armenia`s investment portfolio is decliningDiaspora factor in Armenia`s investment portfolio is declining
Foreign investors present existing problems to Deputy Prime Minister  of ArmeniaForeign investors present existing problems to Deputy Prime Minister  of Armenia
Read more


Exchange rates
05.10.2022
RUB6.80-0.10
USD405.70-0.79
EUR402.620.40
GBP461.32-0.01
CAD298.860.67
JPY28.110.02
CNY57.14-0.11
CHF412.761.21


Experts
Will exporters wait for help from state, or will Armenian economy be  fried in monetary frying pan?Will exporters wait for help from state, or will Armenian economy be  fried in monetary frying pan?
David Ananyan: Armenian economy needs urgent structural changes to  increase its potentialDavid Ananyan: Armenian economy needs urgent structural changes to  increase its potential
Without new technologies, the tourism industry may declineWithout new technologies, the tourism industry may decline
Read more

Commented
How long will the drama with rising dram last? - Haykaz FanyanHow long will the drama with rising dram last? - Haykaz Fanyan
Inflation in Armenia is a social catastrophe: EconomistInflation in Armenia is a social catastrophe: Economist
All talks about unblocking regional transport links worth nothing  without Julfa railway junction - Ara MarjanyanAll talks about unblocking regional transport links worth nothing  without Julfa railway junction - Ara Marjanyan
Discount system in cashless transactions for pensioners to be  introduced in Armenia Discount system in cashless transactions for pensioners to be  introduced in Armenia 

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