ArmInfo.

ArmInfo.

ArmInfo.

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ArmInfo.The famous periodical National Geographic published an article presenting Armenia as an   attractive destination. This was reported by the press service of  the RA Tourism Committee.

ArmInfo.Assessing the long-term impact of new US sanctions against Russia, including  against the Moscow Exchange,  will take a certain period of time. This was stated by Martin Galstyan, Governor of the Central Bank of the Republic of Armenia, at the National Assembly of the Republic of  Armenia on June 13.

ArmInfo. Employees of the national air carrier of Armenia, Fly Arna, which ceased operations on March 16 of this year, are demanding payment of arrears of wages.

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ArmInfo.

ArmInfo.The Central Bank of Armenia has revised its GDP growth forecast for 2024 from the  previous 5.3-6.4% to an updated 6.8-6.1% (against 8.7% growth in  2023), depending on the formation of high or low inflation.

ArmInfo. The state budget is not only an accounting document, it is, first of all, a political  document. RA Minister of Finance Vahe Hovhannisyan stated this on June 12, presenting a report on the execution of the state budget of Armenia for 2023 in the National Assembly.

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ArmInfo. Chaired by Nikol Pashinyan a meeting was held, during which the draft strategic  employment program of Armenia was discussed.

ArmInfo. The World Bank has maintained its previously improved forecast for Armenia's GDP growth  at 5.5% in 2024 and 4.9% in 2025. This is noted in the World Bank's June Global Economic Prospects report.

ArmInfo.The persistence of above-potential growth, as well as the non-widespread nature of  recent growth, poses certain uncertainties regarding the relative position of aggregate demand versus aggregate supply.

ArmInfo.Inflation in Armenia will approach 2.2%-2.5% by the end of the year. Governor of the  Central Bank of Armenia Martin Galstyan voiced a similar forecast on June 11 during a press conference. He noted that the inflation rate will depend on the indicators of the agricultural sector.

ArmInfo.The Central Bank of Armenia continues to reduce the refinancing rate - and this time by  0.25 percentage points - from 8.25% to 8%. The decision to reduce the refinancing rate again was made on June 11 at a meeting of the Council of the Central Bank of the Republic of Armenia. In accordance  with this, rates on pawnshop repo have been reduced by the same amount - from 9.75% to 9.5%, and on deposits attracted from banks - from 6.75% to 6.5%.