Armenia, Latvia to expand business ties 

 Saturday, September 7 2024 12:21:00
Armenia, Latvia to expand business ties 

ArmInfo. Armenia's Minister of Economy Gevorg Papoyan had a meeting in Riga  with Mr Girts  Krumins, State Secretary of the Ministry of Agriculture of Latvia.  The sides discussed the development of bilateral trade and economic  relations. 

Armenia to attract EUR 75 million from French Development Agency to  finance state budget deficit
 Thursday, June 20 2024 14:25

ArmInfo.Armenia will attract 75 million euros from the French Development Agency (Agence Francaise  de Developpement -AFD) to finance the state budget deficit. At a meeting on June 20, the RA government decided to sign a corresponding agreement with the AFD, the signing ceremony of which is scheduled  for June 26.

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IMF Executive Board completes Third Review under Stand-By Arrangement  with Armenia
 Thursday, June 20 2024 14:20

ArmInfo.The Executive Board of the International Monetary Fund (IMF) completed the third review  under the Stand-By Arrangement (SBA) with Armenia. The completion of the review enables access of SDR 18.4 million (about US$24.5 million), bringing total access to SDR 73.6 million (about US$97.7 million). The SBA was approved by the IMF's Board on December 12, 2022 (see Press Release No. 22/429). The Armenian authorities  continue to treat the arrangement as precautionary. The Executive Board's decision on the third review of the SBA was taken without a meeting.

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Armenia to join Black Sea Basin. Interreg Next program
 Thursday, June 20 2024 12:54

ArmInfo.Armenia will join the Black Sea Basin. Interreg Next program. At a meeting on June 20, the  Government of the Republic of Armenia approved for signing an agreement with Romania and the European Commission on cooperation for 2021-20027.

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Jermuk Group CJSC to invest AMD 10.3bln in production of polyethylene  thermal insulation film
 Thursday, June 20 2024 12:52

ArmInfo. Jermuk Group CJSC, engaged in the production of mineral water in Armenia, is investing  10.3 billion drams to organize the production of polyethylene thermal insulation film. At a meeting on June 20, the RA Government exempted the company from paying customs duties on imported technological  equipment, its components and components, raw materials and materials.

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AMD 600mln to be allocated for housing programme for large families 
 Thursday, June 20 2024 12:50

ArmInfo.600 million drams will be allocated to continue the state assistance program for providing  housing to families with children. The decision on this was made at a meeting of the RA government on June 20.

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EDB forecasts downtrend in GDP growth to 5% 
 Thursday, June 20 2024 12:50

ArmInfo. By next 2025, the Eurasian Development  Bank (EDB) predicts a decrease in Armenia's GDP growth rate to 5% due  to the absence of any other impulses that could accelerate economic  growth. Anton Dolgovechny, senior analyst at the Country Analysis  Center of the EDB Analytical Directorate, stated this at the online  presentation of the analytical report "Macroeconomic Forecast 2024-  2026".

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Air Cairo airline launches Cairo-Yerevan-Cairo flights 
 Thursday, June 20 2024 12:48

ArmInfo. On June 20 of this year, Air Cairo began operating flights in the Cairo-Yerevan-Cairo  direction for the first time. Zvartnots International Airport reports this.

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European Commission to provide EUR 15mln to Armenia for forcibly  displaced Armenians 
 Thursday, June 20 2024 12:47

ArmInfo. The European Commission will provide Armenia with 15 million euros to overcome the  socio-economic difficulties caused by the influx of refugees from  Nagorno-Karabakh. At a meeting on June 20, the RA Government approved  a draft decree of the RA President on the approval of the agreement  on budget support, signed on February 15 and April 16 of this year.

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USA interested in restoration of flood-destroyed bridges 
 Thursday, June 20 2024 10:37

ArmInfo.Armenia and the United States are discussing the issue of opening direct flights between the  two countries. This was discussed at the meeting of the Minister of Territorial Administration and Infrastructure of the Republic of Armenia Gnel Sanosyan with the American delegation that arrived in  Yerevan, headed by the US State Department Special Representative for  Trade and Business Sarah Morgenthau.

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Pashinyan: "iGorts" program establishes organic link between our  compatriots in Diaspora and country`s state system 
 Wednesday, June 19 2024 15:32

ArmInfo.RA Prime Minister Nikol Pashinyan hosted the participants of the "iGorts" program for  the involvement of Diaspora specialists in the state administration bodies of the Republic of Armenia.  

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Armenian wines were awarded 5 gold and 11 silver medals at Concours  Mondial de Bruxelles
 Wednesday, June 19 2024 14:11

ArmInfo. Armenian wines were awarded 5 gold and 11 silver medals at the largest European tasting  competition, Concours Mondial de Bruxelles. This is stated in the message of the Armenian Viticulture and Winemaking Foundation.

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Armenia`s Minister of High-Tech Industry visits EUROSATORY exhibition
 Wednesday, June 19 2024 12:16

ArmInfo. As part of his working visit to France, Minister of High- Tech Industry of Armenia Mkhitar  Hayrapetyan visited the largest international exhibition of the ground and air defense and security industry EUROSATORY.

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EU to send EUR 100 thousand in humanitarian aid to Armenia to support villages most affected by flood
 Tuesday, June 18 2024 20:09

ArmInfo. Following the flash floods in Armenia's Lori and Tavush regions in May, the European  Union is providing EUR 100 000 in humanitarian funding to assist the  most affected villages, the press releases from the European  Commission received by ArmInfo reports.

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Sarah Morgenthau: US is ready to expand economic relations with  Armenia
 Tuesday, June 18 2024 19:51

ArmInfo. Minister of Economy of Armenia Gevorg Papoyan received US State Department Special  Representative for Commercial and Business Affairs  Sarah Morgenthau.   During the meeting, the Minister noted that Armenia highly  appreciates the active support of the US in establishing long-term  peace in the region and in preserving the territorial integrity and  sovereignty of the Republic of Armenia.

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Armenia, Ukraine discuss possibilities of expanding trade and  economic cooperation
 Tuesday, June 18 2024 19:39

ArmInfo. Armenia and Ukraine discussed the possibilities of expanding trade and economic  cooperation. This was reported by the press service of the Ministry of Economy, citing the results of the meeting of Minister of Economy of Armenia Gevorg Papoyan with Charge d'Affaires of Ukraine in  Armenia Valerii Lobach. 

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EDB provides AMD 100 million to help overcome flood consequences in  Armenia
 Tuesday, June 18 2024 19:27

ArmInfo. The Eurasian Development Bank (EDB) has provided assistance to Armenia to help  overcome the consequences of the natural disaster that occurred on 25-26 May 2024, the Bank's press service reports.

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2024-2030 employment strategy presented in Armenia 
 Tuesday, June 18 2024 19:23

ArmInfo. The Commission of the National Assembly of the Republic of Armenia on Labor and Social  Issues, with the support of the International Republican Institute  (IRI), organized discussions on June 18 on the draft employment  strategy for the population of Armenia for 2024-2030.

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SCR launches Yerevan-Batumi-Yerevan train
 Tuesday, June 18 2024 11:23

ArmInfo. The South Caucasus Railway company announces the launch of a seasonal international  train Yerevan-Batumi-Yerevan, the first flight of which will take  place on June 24. The company's press service reports this.

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Large-scale road construction work suggests creation of new road  network
 Tuesday, June 18 2024 11:04

ArmInfo. On the second day of his working trip to the Syunik region, Prime Minister of the Republic  of Armenia Nikol Pashinyan continued to get acquainted with the work  being carried out in various settlements within the framework of  subvention and capital programs.

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EBRD appoints new Managing Director for Turkiye and the Caucasus
 Monday, June 17 2024 20:58

ArmInfo.The European Bank for Reconstruction and Development (EBRD) has appointed Elisabetta  Falcetti as its new Managing Director for Turkiye and the Caucasus.

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News
Armenia, Latvia to expand business ties Armenia, Latvia to expand business ties 
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Motor Insurers` Bureau of Armenia is increasing the maximum threshold  under the European protocol to 400 thousand drams from September 18Motor Insurers` Bureau of Armenia is increasing the maximum threshold  under the European protocol to 400 thousand drams from September 18
Yerevan to host III Eurasian Economic ForumYerevan to host III Eurasian Economic Forum
Armenia`s economy and state competing for sooner collapse -  ex-official Armenia`s economy and state competing for sooner collapse -  ex-official 
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All non-public funds to be accountable to Armenia`s CB All non-public funds to be accountable to Armenia`s CB 
Armenia`s authorities plan bridge construction in Akhtala Armenia`s authorities plan bridge construction in Akhtala 
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Armenian broker Invia Investments to provide access to trading on ITSArmenian broker Invia Investments to provide access to trading on ITS
Electric Networks of Armenia to invest AMD 296bln in upgrading grid  system by 2026Electric Networks of Armenia to invest AMD 296bln in upgrading grid  system by 2026
Delegates from 36 countries to attend UN Global Wine Tourism  ConferenceDelegates from 36 countries to attend UN Global Wine Tourism  Conference
Electric Networks of Armenia ever apolitical - board chairman Electric Networks of Armenia ever apolitical - board chairman 
Armenia`s authorities refrain from revising real estate prices for  taxation Armenia`s authorities refrain from revising real estate prices for  taxation 
Armenia s government works out programme of accumulating capacities  introduction in Armenia s energy sector Armenia s government works out programme of accumulating capacities  introduction in Armenia s energy sector 
Maiden nonstop flight from Armenia to China carried out Maiden nonstop flight from Armenia to China carried out 
Armenia`s international reserves go down  $3.411 blnArmenia`s international reserves go down  $3.411 bln
Armenia left out of trans-border Black Sea submarine cable projectArmenia left out of trans-border Black Sea submarine cable project
RA Economy Minister: supply issues of Armenian products to Russia are  solved in due courseRA Economy Minister: supply issues of Armenian products to Russia are  solved in due course
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No problems with redemption of 2nd tranche of $500mln sovereign bonds  next year - finance minister No problems with redemption of 2nd tranche of $500mln sovereign bonds  next year - finance minister 
RA State Revenue Committee: Income tax refunded to RA State Revenue Committee: Income tax refunded to "mortgage holders"  for the first half of the year was 8 billion more than for the same  period in 2023
In October 2024  Masrik-1 solar station will be operational In October 2024  Masrik-1 solar station will be operational 
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Sensitive security systems of Armenian NPP disconnected the station  due to lightning Sensitive security systems of Armenian NPP disconnected the station  due to lightning 
RA Tourism Committee announces keynote speakers for the UN Global  Conference on Wine TourismRA Tourism Committee announces keynote speakers for the UN Global  Conference on Wine Tourism
Tigran Jrbashyan: Such development of the demographic structure of  Armenia will lead to the degradation of the qualitative indicators of  the human resourceTigran Jrbashyan: Such development of the demographic structure of  Armenia will lead to the degradation of the qualitative indicators of  the human resource
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Aghasi Tavadyan: Gold re-export Aghasi Tavadyan: Gold re-export "overshadowed" the economic downturn
Health Inspection body of Armenia issued fines totaling 3 billion  drams for violations in the field of drug circulation this yearHealth Inspection body of Armenia issued fines totaling 3 billion  drams for violations in the field of drug circulation this year
Yerevan to host 8th UN Global Wine Tourism ConferenceYerevan to host 8th UN Global Wine Tourism Conference
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Ardshinbank received necessary approvals for acquiring HSBC ArmeniaArdshinbank received necessary approvals for acquiring HSBC Armenia
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Armenia`s Ministry of High-Tech Industry plans to introduce 5G  network Armenia`s Ministry of High-Tech Industry plans to introduce 5G  network 
Armenia cherishing delusions instead of seeking stable prosperity-  expert Armenia cherishing delusions instead of seeking stable prosperity-  expert 
S&P Global Ratings maintains Armenia`s ratings at S&P Global Ratings maintains Armenia`s ratings at "BB-/B",  forecasting 6.2% GDP growth in 2024
RUEA warns of threats to Armenia`s economy in wake of State Revenue  Committee`s initiative RUEA warns of threats to Armenia`s economy in wake of State Revenue  Committee`s initiative 
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Yerevan to host WCIT 2024 Yerevan to host WCIT 2024 
Armenian premier s staff proposes unanounced inspections of  businesses Armenian premier s staff proposes unanounced inspections of  businesses 
Second EAEU economic operator certified in Armenia Second EAEU economic operator certified in Armenia 
Arrest of businessmen for tax evasion to cause more harm to state -  businessman Arrest of businessmen for tax evasion to cause more harm to state -  businessman 
Accor to open new Movenpick hotel in Armenia`s TsakhkadzorAccor to open new Movenpick hotel in Armenia`s Tsakhkadzor
Armenia may require cognac exporters to undergo testing in European  laboratories by 2025Armenia may require cognac exporters to undergo testing in European  laboratories by 2025
Aig-1 solar station construction to kick off in Armenia before end of  2025cAig-1 solar station construction to kick off in Armenia before end of  2025c
Armenia`s government to compensate Gillo company for sustained damage  under court order Armenia`s government to compensate Gillo company for sustained damage  under court order 
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WFP and USAID assess assistance to Artsakh refugees in ArmeniaWFP and USAID assess assistance to Artsakh refugees in Armenia
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Minister forecasts 2-fold growth in productivity of Armenian economy  in 2026 against 2020-2021Minister forecasts 2-fold growth in productivity of Armenian economy  in 2026 against 2020-2021
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Increased exports and re-exports not any longer essential for GDP  growth - ministerIncreased exports and re-exports not any longer essential for GDP  growth - minister
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