Turnover tax doubled in Armenia 
 Thursday, May 2 2024, 13:44

ArmInfo. Armenia should abandon the turnover tax; there should be one taxation system in the republic,  Armenia's Premier Nikol Pashinyan stated on May 2 at a meeting of the Cabinet of Ministers, during which legislative amendments were approved, providing for a double increase in the turnover tax rate.

Armenian market participants` expectations indicate gradual reduction  of refinancing rate until end of current year
 Tuesday, April 30 2024, 20:09

ArmInfo. Market expectations of the CBA policy rate path have not changed materially since the last  decision and continue to reflect expectations of a gradual reduction in the policy rate through the end of the current year.

Scientists and economists discuss deepening financial integration in  EAEU at International Conference at RAU
 Tuesday, April 30 2024, 18:49

ArmInfo. Numerous issues and problems of integration of the EAEU member countries were discussed at the  international scientific conference entitled "Deepening financial integration in the EAEU" held today at the Russian-Armenian University(RAU).

Martin Galstyan points out lending activity in Armenia`s banking  system 
 Tuesday, April 30 2024, 17:02

ArmInfo. The head of the Central Bank of Armenia, Martin Galstyan, pointed out the lending  activity in the banking system of Armenia. He announced this on April 30 during the press conference held in connection with the next reduction of the refinancing rate, this time to 8.25%.

Armenia, UAE discuss possibilities of increasing mutual trade volumes
 Friday, April 19 2024, 16:24

ArmInfo. Minister of Economy of Armenia Gevorg Papoyan received Ambassador of the United Arab  Emirates to the Republic of Armenia, Dr. Nariman Mohammed Sharif Abdulla AlMulla.

Expert: When there is no trust between private and public sectors,  unfortunately, there is no need to talk about right decisions
 Thursday, April 18 2024, 17:31

ArmInfo. I do not share the optimism that Armenia will be able to diversify its export markets in  a few years; maybe it will be possible to somewhat reduce its dependence on the Russian market.  Emil Stepanyan, co-founder of the Export Armenia Association of Experts stated  in a conversation with  an ArmInfo correspondent.

Arsen Bazikyan: Armenia`s agriculture is transforming into  agribusiness
 Thursday, April 18 2024, 15:57

ArmInfo.. There is no need to rush to conclusions that agriculture is experiencing a crisis; the sector is now being transformed into agribusiness, so time is needed. Arsen Bazikyan, President at Lessor's Association of Armenia, expressed a similar opinion in a conversation with an ArmInfo correspondent.

Earthquakes, drought could affect Armenia`s debt sustainability -  EFSD
 Wednesday, April 17 2024, 17:20

ArmInfo.The Eurasian Fund for Stabilization and Development (EFSD) prepared a new working paper,  "Assessing the Potential Impact of Natural Disasters on Debt Sustainability in Armenia, Kyrgyzstan and Tajikistan."

EFSD presents assessment of potential impact of natural disasters on  debt sustainability of Armenia, Kyrgyzstan and Tajikistan
 Tuesday, April 16 2024, 11:51

ArmInfo.The Eurasian Fund for Stabilization and Development (EFSD) has prepared a new working paper  "Assessing the potential impact of natural disasters on debt sustainability of Armenia, Kyrgyzstan and Tajikistan." Due to their geographical location, relatively small territory and highly concentrated economy, natural disaster risks can have a significant impact on the macroeconomic indicators of these countries.

EAEU and its economic principles should not be mixed with political  ambitions - Nikol Pashinyan
 Saturday, April 13 2024, 21:58

ArmInfo.Below is an interview with Armenia's Premier Nikol Pashinyan with "Egemen Qazaqstan" and  "Kazakhstanskaya Pravda" newspapers. 

Armenia, Australia to strengthen cooperation in high-tech field 
 Saturday, April 13 2024, 12:23

ArmInfo. Armenia's Deputy Minister of High-Tech Industry Gevorg Mantashyan hoisted Australian  Ambassador to Armenia John Geering. 

 Friday, April 12 2024, 19:00

ArmInfo.

Leasing EXPO -2024 officially opened in Yerevan
 Friday, April 12 2024, 18:43

ArmInfo.  Leasing EXPO -2024, the specialized exhibition opened its doors in Yerevan, which brought together 70 brands producing equipment and machinery for more than 12 industries under one roof. The exhibition is organized by the  Lessors' Association of Armenia and the Big Projects company.

Araratbank to double leasing portfolio by end of 2024
 Friday, April 12 2024, 18:29

ArmInfo.AraratBank intends to double its leasing portfolio by the end of 2024. Edgar Avagyan Head  of the Leasing Department at AraratBank told journalists on the sidelines of the Leasing Expo-2024 specialized exhibition.

Government is ready to share risks with agricultural insurers
 Friday, April 12 2024, 13:38

ArmInfo.As part of a pilot program to introduce an agricultural insurance system, the Armenian government will not only subsidize insurance premiums, but will also compensate the costs of insurance companies if a certain threshold of insurance payments is exceeded.

USAID to invest additional $33mln in Armenia`s economy 
 Thursday, April 11 2024, 12:56

ArmInfo. The United States Agency for International Development (USAID) has doubled its investments in Armenia's economy since 2022. This includes on- the-job training for women and young people to make them more competitive in the new economy, USAID Administrator Samantha Power stated in a video message on X.

Armenia`s economy to face crisis if Moscow severs economic ties with  Yerevan - ex-premier 
 Tuesday, April 9 2024, 12:29

ArmInfo.During the reign of the current government, Armenia's dependence on Russia increased from  25% to 45%, stated Armenia's former premier Hrant Bagratyan, commenting on the results of the meeting in Brussels in the EU-Armenia-US format.

US supports building of strong transport corridor from Turkiye  to  Central Asia
 Friday, April 5 2024, 23:53

ArmInfo. We've had extensive conversations with all the countries in the region, from Turkiye, frankly, through to  Central Asia about the importance of building a strong transport corridor.  And I believe there's great willingness and interest in seeing movement in that direction.    US Assistant Secretary of the Bureau of European and Eurasian Affairs, Ambassador James O'Brien stated at a briefing at the Department of State.

EFSD contributes to modernization of Armenia`s irrigation system
 Friday, April 5 2024, 22:32

ArmInfo.The Eurasian Fund for Stabilization and Development (EFSD) has financed a number of projects in Armenia. Another project totaling $100 million is being prepared. The Fund supports the most important, strategic investment areas.

Armenia needs alternative if leaves EAEU - expert 
 Friday, April 5 2024, 13:40

ArmInfo.Today, April 5, a trilateral meeting will take place in Brussels between Prime Minister  Nikol Pashinyan, US Secretary of State Antony Blinken and President of the European Commission Ursula von der Leyen, at which economic issues will be discussed.



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