Armenian, UAE  FMs discuss bilateral cooperation 

 Monday, May 16 2022 13:22:00
Armenian, UAE  FMs discuss bilateral cooperation 

ArmInfo.Armenian FM Ararat Mirzoyan held a meeting on May 14 with Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation of the United Arab Emirates (UAE) 

$10 million to be invested in construction of multifunctional  business center in Dzoragyugh district of Yerevan
 Friday, May 13 2022 20:38

ArmInfo.A multifunctional business complex with unique architectural solutions will be built in Yerevan. The RA Cabinet of Ministers approved the corresponding investment  program presented by Suren and Hasmik Pahlevanyan on May 13.   According to the explanation to the document, the investors presented  an investment program worth 10 million US dollars, which will be  implemented on the territory of the Dzoragyugh ethnographic district,  Kentron administrative community of Yerevan.

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UBA: Volumes of lending to the Armenian economy have grown in almost  all areas
 Friday, May 13 2022 15:12

ArmInfo. The volumes of lending to the Armenia's economy in Q1 2022 have grown in almost all areas. Executive director of the Union of Banks of Armenia (UBA) Seyran  Sargsyan announced on May 13 during a press conference.

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Discount system in cashless transactions for pensioners to be  introduced in Armenia 
 Friday, May 13 2022 13:56

ArmInfo. Armenia's authorities are proposing a discount system in cashless transactions for pensioners, Premier Nikol Pashinyan stated on Friday.  

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Armenia`s government to allocate  $10mln to road renovation 
 Friday, May 13 2022 12:24

ArmInfo.Armenia's Cabinet has approved a decision on the allocation of AMD 4.75bln ($10mln) for renovation of a number of roads and preparation for design work and for technical  control services.  

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Armenia, Iran simplify mutual access of investors to FEZ markets of  two countries
 Thursday, May 12 2022 20:24

ArmInfo. The Armenian "Meghri" and the Iranian "Aras" FEZs signed a memorandum of understanding, which provides for unhindered access for Iranian investors working in  the "Aras" FEZ in the "Meghri" FEZ, and for Armenian businessmen  simplified access to the Iranian market. This became known following  the results of the Armenian-Iranian business forum, held within the  framework of the 17th meeting of the Armenian-Iranian  intergovernmental commission. 

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Pashinyan receives Alexei Overchuk and Andrey Rudenko
 Thursday, May 12 2022 17:56

ArmInfo.RA Prime Minister Nikol Pashinyan received Deputy Prime Minister of the Russian Federation Alexei Overchuk and Russian Deputy Foreign Minister Andrey Rudenko. Deputy Prime Minister of Armenia Mher Grigoryan also took part in the  meeting.

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Tourist flow to Armenia starts to recover
 Thursday, May 12 2022 17:47

ArmInfo.In Q1 2022, 249,361 tourists visited Armenia, which is 2.9-fold higher than a year ago (against a decline of 71.9% in 2021). Despite the resumption of the  tourist flow after the removal of COVID restrictions, Armenia has not  yet managed to reach the figure recorded before the outbreak of the  coronavirus pandemic - 311,264 tourists in Q1 2020. This is evidenced  by the data of the Statistical Committee.

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S&P Global Ratings assigns "B-" (Local Currency LT credit rating) to  ASCE Group
 Thursday, May 12 2022 11:44

ArmInfo.S&P Global Ratings has assigned "B-" (Local Currency LT credit rating) to ASCE Group, outlook positive, RA Minister of Economy Vahan Kerobyan reported on  his Facebook page. The company's shares are listed on Armenia's Stock  Exchange. 

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Armenia, Iran to sign memorandum to develop cooperation in number of  areas
 Wednesday, May 11 2022 20:10

ArmInfo. At the expected 17th meeting of the Armenian-Iranian intergovernmental commission, which will be held in Yerevan, Armenia and Iran will sign a long-term  memorandum, which will provide an opportunity to identify and develop  areas of cooperation, including in the field of the environment.

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Another intermediate subway station to be built in Yerevan
 Wednesday, May 11 2022 16:56

ArmInfo.In addition to the large-scale project for the construction of the Ajapnyak subway (metro) station, an intermediate subway station near the Petak  shopping center is planned to be built in Yerevan, as well as Armenia  will purchase 250 new electric buses. Former Deputy Prime Minister of  Armenia, Chairman of the Board of the Armenia National Interests Fund  (ANIF) Tigran Avinyan wrote  on his Facebook page.

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Armenia`s premier visits Confederation of Netherlands Industry and  Employers to present investment opportunities in Armenia to local  business
 Wednesday, May 11 2022 14:11

ArmInfo. The official visit of Prime Minister Nikol Pashinyan to the Kingdom of the Netherlands continues. On May 11, the Prime Minister visited the office of the Confederation of Netherlands Industry and Employers in The Hague, where he met with  representatives of the local business community.

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Armenia`s foreign trade turnover with EAEU countries increased by  40.7% in Q1 2022
 Tuesday, May 10 2022 16:56

ArmInfo.The foreign trade turnover of Armenia with the EAEU countries in Q1 2022 compared to the same period in 2021 increased by 40.7% (against the 9.3% decline a year earlier), exceeding $653.7 million. This is evidenced by the final  data of the RA Statistical Committee.

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Innovative Agradrons Laboratory has been opened at Armenian National Agrarian University 
 Friday, May 6 2022 21:20

ArmInfo. The Precision Agriculture Center with a drone training laboratory was opened today at the National Agrarian University of Armenia

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Despite significant migration flow from Russia, the negative balance  of Armenia`s migration exceeded 2.4 thousand people in Q12022
 Friday, May 6 2022 14:40

ArmInfo. Despite a significant migration flow from Russia and Ukraine due to geopolitical  developments,  the negative migration balance of Armenia exceeded 2.4  thousand people in Q1 2022. This is evidenced by the statistical data  of the border electronic control system.

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About AMD 372 million were allocated for payment of salary arrears  to employees of Nairit Plant 
 Thursday, May 5 2022 19:02

ArmInfo. The salary arrears of the employees of the Nairit Chemical Plant in Yerevan for 2022 will be paid off. The decision on this was made at the meeting of the RA  government on May 5.

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Turkish aviation authorities closed their airspace to FLYONE ARMENIA  European destinations
 Thursday, May 5 2022 18:58

ArmInfo. The Turkish aviation authorities did not allow FLYONE ARMENIA to carry out flights (overflights) to European countries through Turkish airspace. This is  stated in the official statement of the airline.

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Armenia`s trade turnover up by $1bln Jan 1 to Apr 20
 Thursday, May 5 2022 16:20

ArmInfo.. January 1 to April 20, 2022, Armenia's trade turnover recorded an AMD 550bln ($1bln) increase as compared with the corresponding period last year,  Armenia's Prime Minister Nikol Pashinyan stated at a Cabinet meeting  on Thursday.  

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Armenia to expand circle of officials to be checked for legitimacy of  their property
 Thursday, May 5 2022 16:18

ArmInfo. Armenia will expand the circle of officials whose property will be subject to verification by the Prosecutor General's Office for legality. This was stated on May  5 at a government meeting by Deputy Minister of Justice Karen  Andreasyan, presenting a draft amendment to the law "On confiscation  of property of illegal origin."

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From June 15, Armenia launches regular ferry service from Georgian  Poti to Russian Port of Kavkaz 
 Thursday, May 5 2022 16:17

ArmInfo. From June 15, a regular ferry service will be launched for Armenia from the Georgian port of Poti to the Russian Port of Kavkaz . Minister of Economy Vahan  Kerobyan told journalists about this during a briefing on May 5,  referring to the decision of the authorities.

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Italian entrepreneurs intend to implement number of investment  projects in Armenia
 Wednesday, May 4 2022 16:23

ArmInfo. Italian entrepreneurs are showing investment interest in the Armenian market. According to the official report of the Ministry of Economy, the head of the  Armenian economic department Vahan Kerobyan held a meeting with  representatives of a number of Italian companies that intend to  implement investment projects in Armenia in various sectors of the  economy.  

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News
Armenian, UAE  FMs discuss bilateral cooperation Armenian, UAE  FMs discuss bilateral cooperation 
Armenia to attract another loan from IBRD in amount of EUR 26.5  million to improve public administration systemArmenia to attract another loan from IBRD in amount of EUR 26.5  million to improve public administration system
According to UBA level of profitability of the Armenian banking  system is quite lowAccording to UBA level of profitability of the Armenian banking  system is quite low
$10 million to be invested in construction of multifunctional  business center in Dzoragyugh district of Yerevan$10 million to be invested in construction of multifunctional  business center in Dzoragyugh district of Yerevan
Converse Bank bonds can now be purchased via the mobile applicationConverse Bank bonds can now be purchased via the mobile application
UBA: Net inflow of private transfers to Armenia increased by 45% per  annum in Q1UBA: Net inflow of private transfers to Armenia increased by 45% per  annum in Q1
Seyran Sargsyan: The reduction in non-resident deposits had a  negative impact on the total volume of bank depositsSeyran Sargsyan: The reduction in non-resident deposits had a  negative impact on the total volume of bank deposits
UBA: Volumes of lending to the Armenian economy have grown in almost  all areasUBA: Volumes of lending to the Armenian economy have grown in almost  all areas
Team Telecom Armenia to start business data center construction Team Telecom Armenia to start business data center construction 
Discount system in cashless transactions for pensioners to be  introduced in Armenia Discount system in cashless transactions for pensioners to be  introduced in Armenia 
Armenia`s government to allocate  $10mln to road renovation Armenia`s government to allocate  $10mln to road renovation 
Passenger traffic in Armenia reached 40% growth in Q1Passenger traffic in Armenia reached 40% growth in Q1
Armenia, Iran simplify mutual access of investors to FEZ markets of  two countriesArmenia, Iran simplify mutual access of investors to FEZ markets of  two countries
Armenia`s communications sector revenue in Q1 2022 increased by 6.8%Armenia`s communications sector revenue in Q1 2022 increased by 6.8%
Armenia reduced wine production in Q1Armenia reduced wine production in Q1
Pashinyan receives Alexei Overchuk and Andrey RudenkoPashinyan receives Alexei Overchuk and Andrey Rudenko
Tourist flow to Armenia starts to recoverTourist flow to Armenia starts to recover
ARMSWISSBANK receives EBRD award ARMSWISSBANK receives EBRD award "The most Active Issuing Bank in Armenia for 2021"
Natural population decline was recorded in Armenia Natural population decline was recorded in Armenia 
Armenia`s population decreased by 2.3 thousand people by April 1,  2022Armenia`s population decreased by 2.3 thousand people by April 1,  2022
S&P Global Ratings assigns S&P Global Ratings assigns "B-" (Local Currency LT credit rating) to  ASCE Group
Armenia spares no effort for North-South energy corridor program to  be implemented in shorted period - minister Armenia spares no effort for North-South energy corridor program to  be implemented in shorted period - minister 
Turkey never agreed on construction of dams on Aras River with other  countries of basin - Ali Akbar MehrabianTurkey never agreed on construction of dams on Aras River with other  countries of basin - Ali Akbar Mehrabian
Armenia, Iran to consider to increasing gas supplies from Iran to  ArmeniaArmenia, Iran to consider to increasing gas supplies from Iran to  Armenia
Hayk Yesayan: Introduction of 5G in Armenia in the next couple of  years will be inexpedientHayk Yesayan: Introduction of 5G in Armenia in the next couple of  years will be inexpedient
Armenia, Iran to sign memorandum to develop cooperation in number of  areasArmenia, Iran to sign memorandum to develop cooperation in number of  areas
Another intermediate subway station to be built in YerevanAnother intermediate subway station to be built in Yerevan
FinRating ArmInfo: Travel insurance has grown in terms of the number  of contracts concludedFinRating ArmInfo: Travel insurance has grown in terms of the number  of contracts concluded
Armenia`s premier visits Confederation of Netherlands Industry and  Employers to present investment opportunities in Armenia to local  businessArmenia`s premier visits Confederation of Netherlands Industry and  Employers to present investment opportunities in Armenia to local  business
Armenia`s foreign trade turnover with EAEU countries increased by  40.7% in Q1 2022Armenia`s foreign trade turnover with EAEU countries increased by  40.7% in Q1 2022
Armenia`s specific debt burden per capita has already reached $3.2  thousandArmenia`s specific debt burden per capita has already reached $3.2  thousand
Russia, China remain leaders in Armenia`s exports, imports Russia, China remain leaders in Armenia`s exports, imports 
Innovative Agradrons Laboratory has been opened at Armenian National Agrarian University Innovative Agradrons Laboratory has been opened at Armenian National Agrarian University 
Despite significant migration flow from Russia, the negative balance  of Armenia`s migration exceeded 2.4 thousand people in Q12022Despite significant migration flow from Russia, the negative balance  of Armenia`s migration exceeded 2.4 thousand people in Q12022
Electricity generation increased by 16.7% in Armenia in Q1 2022 Electricity generation increased by 16.7% in Armenia in Q1 2022 
Service sector and energy complex were major drivers of economic  activity growth in Q1 2022 Service sector and energy complex were major drivers of economic  activity growth in Q1 2022 
About AMD 372 million were allocated for payment of salary arrears  to employees of Nairit Plant About AMD 372 million were allocated for payment of salary arrears  to employees of Nairit Plant 
Metallurgical industry of Armenia reduced production volumes by 17%  in Q1 2022Metallurgical industry of Armenia reduced production volumes by 17%  in Q1 2022
Turkish aviation authorities closed their airspace to FLYONE ARMENIA  European destinationsTurkish aviation authorities closed their airspace to FLYONE ARMENIA  European destinations
In Q1 2022 more than 8 thousand tons of aluminum foil were produced  in ArmeniaIn Q1 2022 more than 8 thousand tons of aluminum foil were produced  in Armenia
Statistics: The production volumes of Armenia`s industry increased by  3.1% in Q1 2022 Statistics: The production volumes of Armenia`s industry increased by  3.1% in Q1 2022 
IBRD to grant a 22.6 mln euro loan to Armenia under education programIBRD to grant a 22.6 mln euro loan to Armenia under education program
Armenia`s trade turnover up by $1bln Jan 1 to Apr 20Armenia`s trade turnover up by $1bln Jan 1 to Apr 20
Armenia to expand circle of officials to be checked for legitimacy of  their propertyArmenia to expand circle of officials to be checked for legitimacy of  their property
From June 15, Armenia launches regular ferry service from Georgian  Poti to Russian Port of Kavkaz From June 15, Armenia launches regular ferry service from Georgian  Poti to Russian Port of Kavkaz 
On May 4, Armeconombank started primary placement of regular USD and  AMD bondsOn May 4, Armeconombank started primary placement of regular USD and  AMD bonds
"Rossgostrakh Armenia" IC holds lead in net insurance premiums
Armenian government prepares support measures for digital business  transformationArmenian government prepares support measures for digital business  transformation
Italian entrepreneurs intend to implement number of investment  projects in ArmeniaItalian entrepreneurs intend to implement number of investment  projects in Armenia
Finrating ArmInfo: Armenia`s insurance sector summed up Q1 2022 with  profit of $2.5 millionFinrating ArmInfo: Armenia`s insurance sector summed up Q1 2022 with  profit of $2.5 million
EU stands ready to continue assisting Armenian governmentEU stands ready to continue assisting Armenian government
AMD 10.757.867 to “My Forest Armenia” environmental organization: the next beneficiary of “The Power of One Dram” is the “Children of Armenia” Charitable FoundationAMD 10.757.867 to “My Forest Armenia” environmental organization: the next beneficiary of “The Power of One Dram” is the “Children of Armenia” Charitable Foundation
Presentation of Financial Statements will become mandatory only for  OJSCs of public interestPresentation of Financial Statements will become mandatory only for  OJSCs of public interest
Head of Central Bank: The composition of Armenia`s exports may changeHead of Central Bank: The composition of Armenia`s exports may change
Central Bank of Armenia records increase in absorptive capacity of  economyCentral Bank of Armenia records increase in absorptive capacity of  economy
Central Bank of Armenia: There is still high uncertainty in terms of  macroeconomic prospectsCentral Bank of Armenia: There is still high uncertainty in terms of  macroeconomic prospects
The volume of AraratBank bonds of the 22nd issue expires  The volume of AraratBank bonds of the 22nd issue expires  
Team Telecom Armenia completes rebranding process and switches to  active implementation of strategic programsTeam Telecom Armenia completes rebranding process and switches to  active implementation of strategic programs
Armenia`s Central Bank leaves refinancing rate unchanged - 9.25%Armenia`s Central Bank leaves refinancing rate unchanged - 9.25%
AMD 231.3bln tax revenues in April 2022AMD 231.3bln tax revenues in April 2022
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