ArmInfo.

ArmInfo.YOY inflation in Armenia reached 9.9% in September 2022. According to the forecast set in the basis of the draft state budget for 2023, 12-month inflation  will exceed the target range (4% with a plus/minus 1.5% deviation)  by the end of the year and will amount to 8.5%, and according to the  forecast of the Central Bank, the country will complete 2022 with an  inflation rate of 10%.

ArmInfo. Despite the aggression unleashed by Azerbaijan on the sovereign territory of  Armenia since September 13, the growth of the Armenian economy by the  end of 2022 may almost double the 7 percent figure envisaged by the  state budget.

ArmInfo.The law " On non-cash transactions ", which came into force on July 1, according to the most conservative estimates, will cost the business about $1 million  per month in bank commissions alone. Economist Karlen Khachatryan  wrote about this on his Facebook page.

ArmInfo. The government-promised increase in the minimum wages, pensions and child care allowances will not only fail to resolve social problems, but also increase the  already high inflationary pressure, economists Karlen Khachatryan,  Vardan Bostanjyan and Tatul Manaseryan told ArmInfo. 

ArmInfo.

ArmInfo. Armenia and Russia discussed issues of ensuring food security.  Head of the Armenian Economic Department Vahan Kerobyan announced on his Facebook page,  following a meeting with the Minister of Agriculture of the Russian  Federation Dmitry Petrushev. The interlocutors discussed the  possibility of increasing the turnover of agricultural products and  food products.

ArmInfo.

ArmInfo.According to different estimates, Russia could see a 6% to 10% economic decline this year, which cannot but affect Armenia as Russia is Armenia's major trade  partner, Meri Hovsepyan, an expert at the Amberd research center told  reporters. 

ArmInfo. The Armenian government is clearly aware of the economic realities, as a result of which, despite adjusting expectations for GDP growth from 4.9% budgeted by  the end of the year to about 7%, by the end of 2020 it predicts only  4.9% growth.  Head of the Chair of Management and Business of YSU  Karlen Khachatryan stated this in an interview with ArmInfo  correspondent.

ArmInfo.The underfulfillment of capital expenditures of the state budget is a serious problem for the future development of the Armenian economy. The head of the  department and entrepreneurship of YSU Karlen Khachatryan stated this  in an interview with ArmInfo correspondent.

ArmInfo. Alternative energy at this stage is not capable of replacing the  nuclear power. ArmInfo Head of the Department of Management and  Business of Yerevan State University, Candidate of Economic Sciences  Karlen Khachatryan stated this to ArmInfo.

ArmInfo.

ArmInfo. The government program for  2017-2022, taking into account the personnel potential in the Cabinet  of Ministers, is quite feasible. At the same time, no government is  insured in case of force majeure, which can lead to some deviations  in the planned indicators of economic growth. This opinion was  expressed at the press conference by head of the department of  management and business of YSU, candidate of economic sciences Karlen  Khachatryan.

ArmInfo.

ArmInfo. Armenia is in a more advantageous situation than the other countries of the region in terms of national currency stability, economist Karlen Khachatryan said at a press conference on Wednesday.