Dmitry Volvach: Russia is investing over $ 1 billion in the Armenian  economy

 Tuesday, October 19 2021 18:52:00
Dmitry Volvach: Russia is investing over $ 1 billion in the Armenian  economy

ArmInfo. Russia intends to invest over $ 1 billion in the Armenian economy in the near future.

Minister: Development of decentralized interregional cooperation is a  priority task of the Armenian government
 Tuesday, October 19 2021 17:19

ArmInfo.The proportional development of territories and the development of decentralized interregional cooperation are the priority tasks of the Government of  the Republic of Armenia. Minister of Territorial Development and  Infrastructures of the Republic of Armenia Gnel Sanosyan stated this  during his speech at the Interregional Armenian-Russian Forum.

>>>
RA Economy Minister discussed Armenia`s investment potential with  U.S. Ambassador 
 Tuesday, October 19 2021 16:56

ArmInfo.  Minister of Economy of Armenia Vahan  Kerobyan received U.S.  Ambassador Extraordinary and Plenipotentiary  to Armenia Lynne Tracy yesterday. The press service of the department  reports.  It is reported that Deputy Ministers Varos Simonyan, Narek  Teryan, Deputy Ambassador Chip Laitinen, USAID Mission Director for  Armenia John G. Allelo and other officials, also attended the  meeting.

>>>
Armenia and Russia have developed common approaches to attracting  investment
 Tuesday, October 19 2021 14:12

ArmInfo. Armenia and Russia intend to intensify investment cooperation in the industrial sector. At the VIII Interregional Armenian-Russian Forum during the round  table "Potential of industrial clusters: implementation of joint  projects", the parties developed common approaches to attracting  investments. Andrey Shpilenko, Director of the Association for the  Development of Clusters and Technology Parks of Russia, announced  this on the sidelines of the forum.

>>>
For 9 months of 2021, public debt of Armenia increased by $ 1.069  billion
 Monday, October 18 2021 17:52

ArmInfo.For 9 months of 2021, Armenia's public debt increased by $ 1.069 billion, reaching $ 9.038.1 billion 973 million. In 2025, Armenia will have to allocate  almost $ 1.4 billion for the repayment of the government debt and  servicing (excluding the debt of the Central Bank of Armenia), formed  at the end of September 2021.

>>>
Leadership of SRC of Armenia will be sent to Moscow
 Monday, October 18 2021 15:03

ArmInfo.The leadership of the State Revenue Committee (SRC) of Armenia will be sent to the capital of the Russian Federation on October 20-22.

>>>
Russia`s trade representative: Armenian market is traditionally attractive for Russia
 Saturday, October 16 2021 17:16

ArmInfo.The Armenian market is traditionally attractive for Russia. Trade representative of the Russian Federation in Armenia Anna Donchenko stated this during a press conference held on the occasion of the organization of a  diversified business mission of Russian companies to Armenia from  Oct.18 to Oct. 20, 2021.

>>>
5th meeting of Armenian-Czech Intergovernmental Commission on  Economic Cooperation held in Yerevan
 Saturday, October 16 2021 17:09

ArmInfo. The fifth meeting of the Armenian-Czech intergovernmental commission on economic cooperation was held in Yerevan.

>>>
Armenian Minister of Economy received Deputy Minister of Industry and  Trade of Czech Republic
 Thursday, October 14 2021 21:17

ArmInfo. Minister of Economy of Armenia Vahan  Kerobyan received Deputy Minister of Industry and Trade of the Czech  Republic Martina Tauberova, who is the co-chair of the Armenian-Czech  intergovernmental commission on economic cooperation.

>>>
Issue of feasibility of creating institution of business ombudsman is  being discussed at RA Economy Ministry 
 Thursday, October 14 2021 21:17

ArmInfo.The Ministry of Economy of Armenia,  together with representatives of the country's business community, is  actively discussing the issue of creating an institution of a  business ombudsman in the country.

>>>
Armenia is ready to cooperate in developing common approach to  protect EAEU internal market in case of pressure from third parties
 Thursday, October 14 2021 18:47

ArmInfo. Armenia is ready for close cooperation in finding ways to develop a common approach to protecting the internal market of the EAEU in the event of a negative  effect that has arisen as a result of economic pressure from third  parties. Prime Minister of Armenia Nikol Pashinyan stated this on  October 14 during a meeting of the Supreme Eurasian Economic Council.

>>>
Armenian government approves draft decision on increasing ANIF  authorized capital
 Thursday, October 14 2021 18:11

ArmInfo.The Armenian government adopted a draft decision on increasing the authorized capital of the Armenian National Interests Fund (ANIF) in order to  establish a national air carrier.

>>>
Official supplier of furniture for shops of number of world brands  and a pharmaceutical company received tax incentive from RA  Government 
 Thursday, October 14 2021 17:59

ArmInfo."Arpimed" LLC will invest about 3.1 billion drams in the construction of a new plant for the production of medicines in the Balahovit community of the Kotayk  region of Armenia. On October 14, the RA government satisfied the  company's application for exemption from import customs duties on  imported technological equipment, their components and components for  them, raw materials and materials imported within the framework of  the investment program implemented in the priority area.

>>>
Water users will be reimbursed for rent for irrigation water for a  period of 5 years in the event of the introduction of drip irrigation  systems on an area of up to 3 hectares
 Thursday, October 14 2021 12:36

ArmInfo.Water users will be reimbursed for rent for irrigation water for a period of 5 years if drip irrigation systems are introduced on an area of up to 3  hectares. The corresponding decision was made at a government meeting  on October 14.

>>>
RA Minister of Economy did not rule out that Standard & Poor`s would assign credit rating to "Export Insurance Agency of Armenia" CJSC
 Thursday, October 14 2021 12:06

ArmInfo. For the first time, the "Big Three" international rating agencies Moody's Investors Service, Standard & Poor's and Fitch Ratings simultaneously published a report on Armenia. RA Minister of Finance Tigran Khachatryan stated this at  a government session on October 14.

>>>
S&P improves forecast for 2021 on Real GDP Growth in Armenia to 6.3%
 Wednesday, October 13 2021 22:02

ArmInfo. S&P Global Ratings has improved its forecast for 2021 for real GDP growth in Armenia to 6.3% (from the previously forecasted 2.5%). And for 2022-2023, S&P  forecasts for GDP growth in Armenia look a little more restrained -  by an average of 4.3% than the previously expected 4.5%.  This is  stated in the message of Ameriabank regarding the confirmation of the  credit rating of the bank at the level of <B + / B> and the  improvement of the forecast from "stable" to "positive".

>>>
Head of Ministry of Territorial Administration got acquainted with  work of  Agarak Copper-Molybdenum Combine
 Wednesday, October 13 2021 15:30

ArmInfo. Minister of Territorial Administration and Infrastructure of the Republic of Armenia Gnel Sanosyan, within the framework of his visit to Syunik region, visited the Agarak Copper- Molybdenum Combine (ACMC). According to the press service of  the department, the Minister got acquainted with the implementation  of the investment program, discussed with the company's management  the new body of the enterprise and production volumes.

>>>
IMF stands ready to assist Government of Armenia in implementing its  ambitious reform agenda
 Wednesday, October 13 2021 14:56

ArmInfo. Deputy Prime Minister of Armenia Mher Grigoryan held a video call with the Director of the International Monetary Fund's Middle East and Central Asia Department  Jihad Azour  within the framework of the annual meetings of the  International Monetary Fund (IMF) and the World Bank (WB). Governor  of the Central Bank of Armenia Martin Galstyan and Minister of  Finance Tigran Khachatryan also took part in the video meeting from  the Armenian side.

>>>
Standard & Poor`s assigns sovereign rating to Armenia for the first  time
 Wednesday, October 13 2021 13:44

ArmInfo.On October 12, 2021, S&P Global Ratings assigned its 'B+' long- term foreign- and local-currency sovereign credit ratings to Armenia. At the same time,  it assigned its 'B' short- term foreign- and local currency ratings.  The outlook is positive.

>>>
Armenia will allocate more for military spending in 2022 than in  2021, but less than for servicing and paying off government debt
 Tuesday, October 12 2021 14:47

ArmInfo.The expenditures of the defense sector of Armenia next year will increase by about 11%, or by 33 billion drams, amounting to more than 345.4 billion drams.   Meanwhile, 518.2 billion drams (about $ 1.050 billion) will be  allocated to service and repay the government debt, of which 214.6  billion drams (about $ 434.7 million) will be allocated for interest  payments.  

>>>
Armenia participates in Europe`s largest trade fair for food within  EU4Business initiative
 Monday, October 11 2021 16:45

ArmInfo.From 9 to 13 October Armenia is participating in the largest international trade fair for food and beverages in Europe - Anuga 2021. It is being  staged on-site in Cologne, Germany. Eight Armenian companies in the  production of herbs and herbal teas, dried fruits and canned food are  displaying their goods at the trade show in a joint booth. 

>>>

News
Dmitry Volvach: Russia is investing over $ 1 billion in the Armenian  economyDmitry Volvach: Russia is investing over $ 1 billion in the Armenian  economy
Minister: Development of decentralized interregional cooperation is a  priority task of the Armenian governmentMinister: Development of decentralized interregional cooperation is a  priority task of the Armenian government
Is it realistic to maintain the current gas price? Deputy Prime  Minister of Armenia explained Is it realistic to maintain the current gas price? Deputy Prime  Minister of Armenia explained 
RA Economy Minister discussed Armenia`s investment potential with  U.S. Ambassador RA Economy Minister discussed Armenia`s investment potential with  U.S. Ambassador 
Armenia and Russia have developed common approaches to attracting  investmentArmenia and Russia have developed common approaches to attracting  investment
32nd energy charter conference ministerial meeting to be held in  Yerevan32nd energy charter conference ministerial meeting to be held in  Yerevan
For 9 months of 2021, public debt of Armenia increased by $ 1.069  billionFor 9 months of 2021, public debt of Armenia increased by $ 1.069  billion
Joint Project of HSBC Group and Orran Benevolent Organisation Supports 200 Young People in Regions to Get Jobs and Start their BusinessJoint Project of HSBC Group and Orran Benevolent Organisation Supports 200 Young People in Regions to Get Jobs and Start their Business
Armenian NPP connected to RA unified power grid since October 17Armenian NPP connected to RA unified power grid since October 17
Leadership of SRC of Armenia will be sent to MoscowLeadership of SRC of Armenia will be sent to Moscow
Russia`s trade representative: Armenian market is traditionally attractive for RussiaRussia`s trade representative: Armenian market is traditionally attractive for Russia
5th meeting of Armenian-Czech Intergovernmental Commission on  Economic Cooperation held in Yerevan5th meeting of Armenian-Czech Intergovernmental Commission on  Economic Cooperation held in Yerevan
Make payments via Idram in online stores, get free delivery or a cashback and take part in the drawMake payments via Idram in online stores, get free delivery or a cashback and take part in the draw
Interest rates on loans and deposits have grownInterest rates on loans and deposits have grown
In Moscow, Suren Papikyan discussed issues related to In Moscow, Suren Papikyan discussed issues related to "North-South  Power Corridor" and construction of a new nuclear power unit in  Armenia 
Armenian Minister of Economy received Deputy Minister of Industry and  Trade of Czech RepublicArmenian Minister of Economy received Deputy Minister of Industry and  Trade of Czech Republic
Issue of feasibility of creating institution of business ombudsman is  being discussed at RA Economy Ministry Issue of feasibility of creating institution of business ombudsman is  being discussed at RA Economy Ministry 
Armenia is ready to cooperate in developing common approach to  protect EAEU internal market in case of pressure from third partiesArmenia is ready to cooperate in developing common approach to  protect EAEU internal market in case of pressure from third parties
Armenian government approves draft decision on increasing ANIF  authorized capitalArmenian government approves draft decision on increasing ANIF  authorized capital
Pashinyan: Formation of the common energy market of the EAEU is a  prerequisite for the full realization of the potential of economic  integrationPashinyan: Formation of the common energy market of the EAEU is a  prerequisite for the full realization of the potential of economic  integration
Official supplier of furniture for shops of number of world brands  and a pharmaceutical company received tax incentive from RA  Government Official supplier of furniture for shops of number of world brands  and a pharmaceutical company received tax incentive from RA  Government 
Water users will be reimbursed for rent for irrigation water for a  period of 5 years in the event of the introduction of drip irrigation  systems on an area of up to 3 hectaresWater users will be reimbursed for rent for irrigation water for a  period of 5 years in the event of the introduction of drip irrigation  systems on an area of up to 3 hectares
RA Minister of Economy did not rule out that Standard & Poor`s would assign credit rating to RA Minister of Economy did not rule out that Standard & Poor`s would assign credit rating to "Export Insurance Agency of Armenia" CJSC
S&P Improved the Outlook on Ameriabank to Positive S&P Improved the Outlook on Ameriabank to Positive 
S&P improves forecast for 2021 on Real GDP Growth in Armenia to 6.3%S&P improves forecast for 2021 on Real GDP Growth in Armenia to 6.3%
Expert: Building a 600 MW reactor would be the most appropriate  option for ArmeniaExpert: Building a 600 MW reactor would be the most appropriate  option for Armenia
Expert: It is reasonable to use stock exchanges for the formation of  market-based gas prices Expert: It is reasonable to use stock exchanges for the formation of  market-based gas prices 
Head of Ministry of Territorial Administration got acquainted with  work of  Agarak Copper-Molybdenum CombineHead of Ministry of Territorial Administration got acquainted with  work of  Agarak Copper-Molybdenum Combine
IMF stands ready to assist Government of Armenia in implementing its  ambitious reform agendaIMF stands ready to assist Government of Armenia in implementing its  ambitious reform agenda
Standard & Poor`s assigns sovereign rating to Armenia for the first  timeStandard & Poor`s assigns sovereign rating to Armenia for the first  time
Global Finance Names Ameriabank the Safest Bank in ArmeniaGlobal Finance Names Ameriabank the Safest Bank in Armenia
Revenue of the trade sector of Armenia for 8 months of 2021 exceeded  $ 4 billionRevenue of the trade sector of Armenia for 8 months of 2021 exceeded  $ 4 billion
Armenia will allocate more for military spending in 2022 than in  2021, but less than for servicing and paying off government debtArmenia will allocate more for military spending in 2022 than in  2021, but less than for servicing and paying off government debt
Armenia and Poland intend to intensify cooperation between startups  of two countriesArmenia and Poland intend to intensify cooperation between startups  of two countries
Global Finance names AraratBank the Best Sub-Custodian Bank in ArmeniaGlobal Finance names AraratBank the Best Sub-Custodian Bank in Armenia
Armenian government delegation to take part in Russian Energy WeekArmenian government delegation to take part in Russian Energy Week
Armenia participates in Europe`s largest trade fair for food within  EU4Business initiativeArmenia participates in Europe`s largest trade fair for food within  EU4Business initiative
Ambassador: Sweden welcomes the readiness of the Armenian government  to carry out systemic reformsAmbassador: Sweden welcomes the readiness of the Armenian government  to carry out systemic reforms
Gnel Sanosyan and Kishan Dan Dewal discussed the North-South  investment program and the possibilities of the Iranian port of  ChabaharGnel Sanosyan and Kishan Dan Dewal discussed the North-South  investment program and the possibilities of the Iranian port of  Chabahar
EIB stands ready to support the efforts of the Armenian government to  improve the business environmentEIB stands ready to support the efforts of the Armenian government to  improve the business environment
Minister of Economy took part in opening of PanArmenian Expo 2021  12th International Exhibition- ForumMinister of Economy took part in opening of PanArmenian Expo 2021  12th International Exhibition- Forum
Ambassador: Economic cooperation between Armenia and Slovenia does  not correspond to the existing potentialAmbassador: Economic cooperation between Armenia and Slovenia does  not correspond to the existing potential
Draft state budget: In 2022, Armenia will increase its national debt  by another $ 1.053 billion - to about $ 10.2 billionDraft state budget: In 2022, Armenia will increase its national debt  by another $ 1.053 billion - to about $ 10.2 billion
ANIF starts cooperation with Italian Intesa Sanpaolo group ANIF starts cooperation with Italian Intesa Sanpaolo group 
Tigran Khachatryan and Carolin Geginat discussed prospects of  cooperation between  RA Government and World BankTigran Khachatryan and Carolin Geginat discussed prospects of  cooperation between  RA Government and World Bank
Production of brandy became leader in terms of volume in Armenia`s  alcoholic industry, and whiskey production is leader in terms of  growth ratesProduction of brandy became leader in terms of volume in Armenia`s  alcoholic industry, and whiskey production is leader in terms of  growth rates
Freight and passenger transportation reaches double-digit growth  in ArmeniaFreight and passenger transportation reaches double-digit growth  in Armenia
Telecommunications revenue in Armenia increased by 4.8% in 8 months  of 2021Telecommunications revenue in Armenia increased by 4.8% in 8 months  of 2021
Head of Central Bank of Armenia met with President of Council of  Ministers of ItalyHead of Central Bank of Armenia met with President of Council of  Ministers of Italy
Central Bank of Armenia: Net inflow of transfers from individuals for  8 months of 2021 exceeded the pre- covid volume 2-foldCentral Bank of Armenia: Net inflow of transfers from individuals for  8 months of 2021 exceeded the pre- covid volume 2-fold
Armenian government prepares to issue Diaspora bondsArmenian government prepares to issue Diaspora bonds
Armenia`s metallurgical industry reaches double-digit growthArmenia`s metallurgical industry reaches double-digit growth
Pashinyan: The state will participate in all the promising investment  programs of GeoProMining in ArmeniaPashinyan: The state will participate in all the promising investment  programs of GeoProMining in Armenia
Armenia`s foreign trade with EU countries reaches double-digit growthArmenia`s foreign trade with EU countries reaches double-digit growth
Armenia`s foreign trade with EAEU countries intensifies at a rapid  paceArmenia`s foreign trade with EAEU countries intensifies at a rapid  pace
Armenia reduced production of aluminum foil by 3.9% in 8 monthsArmenia reduced production of aluminum foil by 3.9% in 8 months
Aram Sargsyan: The key to Armenia`s development is universal  diversificationAram Sargsyan: The key to Armenia`s development is universal  diversification
World Bank`s forecast on GDP growth in Armenia for 2021 turned out to  be more optimistic than the forecast of the Central Bank of Armenia -  6.1% versus 5.4%World Bank`s forecast on GDP growth in Armenia for 2021 turned out to  be more optimistic than the forecast of the Central Bank of Armenia -  6.1% versus 5.4%
In Armenia, y-o-y inflation in September 2021 reached 8.9% due to  increase in food pricesIn Armenia, y-o-y inflation in September 2021 reached 8.9% due to  increase in food prices
Ruling faction advocates gradual abolition of income tax refund  system on mortgage loans in YerevanRuling faction advocates gradual abolition of income tax refund  system on mortgage loans in Yerevan
Read more


Exchange rates
19.10.2021
RUB6.740.03
USD477.34-0.93
EUR556.822.94
GBP659.302.64
CAD387.481.59
JPY41.840.02
CNY74.23-0.15
CHF519.583.26