ArmInfo. According to the latest data, the share of small and medium- sized businesses in Armenia's  GDP is about 25%. Meanwhile, in developed countries, this indicator usually varies between 50-60%.

ArmInfo.US$ 10 million EBRD loan package to ArmSwissBank

ArmInfo.Lawyers in Armenia express dissatisfaction with the draft amendments to the Tax Code,  according to which, from January 1, 2025, public defenders will be transferred to the general field of taxation.

ArmInfo. The Ministry of Finance of Armenia signed a cooperation agreement with the French Development  Agency (The Agence Francaise de Developpement - AFD) for 2024-2027. The Agency's  press service reports, referring to the results of a meeting in the RA government, which took place with the participation  of the Ambassador of France to Armenia Olivier Decottignies  and Bertrand Walckenae, Deputy CEO the AFD.

ArmInfo.Idram Junior and Koreez educational program signed a memorandum of cooperation. Organizations are developing a new competition for financial education, in which all students from 3rd to 8th grades interested in the field will have the opportunity to participate.

ArmInfo.As part of the 33rd EBRD Business Forum on May 15 at the Dvin , Ardshinbank, a flagship sponsor of the event, organized a panel discussion on economic and trade sanctions. Ardshinbank's initiative brought together international experts, as well as representatives from the private and public sectors interested in monitoring sanction processes, onto one platform. The main objective of the discussion was to exchange views and assist participants in the practical implementation of sanctions compliance.

ArmInfo. The European Bank for Reconstruction and Development (EBRD) is providing a US$ 10 million  financial package to ArmSwissBank in Armenia to finance the private  sector's investments in growth, competitiveness, and greener and more  sustainable practices, the Bank's press service reports.

ArmInfo.The European Bank for Reconstruction and Development (EBRD) and the United States Agency  for International Development (USAID) have signed a Memorandum of Understanding (MoU) to develop the Trans-Caspian International Transport Route, also known as the Middle Corridor, to further enhance connectivity between Asia and Europe, via the South Caucasus.

ArmInfo. In recent years, the economy of the Republic of Armenia has recorded  a great growth. Since the non-violent Velvet Revolution of 2018, the Armenian economy has grown by almost 30%, state budget revenues have increased by more than 91%, and about 200 thousand jobs have been opened, which means an increase in the total number of jobs by about 37%.

ArmInfo.The European Bank for Reconstruction and Development (EBRD) has improved its GDP growth forecast for Armenia for 2024 from the previous 4.5% to an updated 6.2% (versus actual 8.7% growth in 2023), expecting a slowdown to 4.8% in 2025, according to the Bank's latest Regional Economic Prospects. "Taming inflation"  report, published today.

ArmInfo. Armenia's Prime Minister Nikol Pashinyan received the Deputy CEO of the French Development Agency (Agence Fran‡aise de D‚veloppement - AFD)  Bertrand Walckenaer.

ArmInfo.Well-known entrepreneur, scientist, philanthropist, founder and director of Flagship Pioneering Noubar Afeyan expressed his readiness to use his capabilities and connections to strengthen the Motherland. He stated  this during a meeting with the Minister of High- Technological Industry of Armenia Mkhitar Hayrapetyan.

ArmInfo. As part of an earlier meeting between Head of Food Safety Inspectorate of Armenia, Armen  Hayrapetyan, and Sergei Dankvert,  Head of the Federal Agency for Veterinary and Phytosanitary Supervision of Russia, a significant increase in the supply of fruits and vegetables from the Republic of  Armenia to the Russian Federation was recorded.

ArmInfo. The European Bank for Reconstruction and Development (EBRD) is lending EUR10 million to  Armenia to finance the construction of a customs and logistics centre  in the Syunik region. The Bank will also provide a EUR2 million  investment grant via its Shareholder Special Fund to co-finance the  project, the bank's press service reports.

ArmInfo.At the initiative of Converse Bank, a panel discussion titled: ‘Capital Markets, Challenges and Development Prospects’ will be held as part of EBRD's annual meeting. We talked about this with Grigori Zakaryan, the Director of the Investment Department of Converse Bank.

ArmInfo.Yerevan is set to welcome the 33rd annual meeting and business forum of the European Bank for Reconstruction and Development (EBRD), with Ardshinbank taking the lead as flagship sponsor. The event, a significant fixture among financial institutions, will convene high-ranking delegations from 74 countries, prominent financial and banking experts, and thought leaders of the Armenian banking sector. Scheduled for May 14-16, the forum aims to foster positive impacts and enhance financial markets for the public good.

ArmInfo.Over time, if the general background is more favorable, with a parallel decrease in the  refinancing rate, we will see a certain reduction in rates on loan products.  This was stated by Governor of the Central Bank of Armenia Martin Galstyan during a meeting of the  RA NA Standing Committee on  Financial-Credit and Budgetary Affairs.

ArmInfo.Trade in the Caucasus and Central Asia region could triple and distances could be cut by  half or even a third if certain changes are made, which requires political will. Mr. Alkis  Drakinos , Director, Regional Head of the Caucasus for the European Bank for Reconstruction and Development  (EBRD), stated on May 10, during an event held in Yerevan within the framework of  the IMF "Perspectives of Regional Economic Development" report.

ArmInfo.In Armenia, four-month inflation of 0.8% was triggered by food and services, which rose in  price by 1.8% and 0.9%, respectively, while non-food products fell in price by 1.6%. This is not much different from last year's picture, when in January-April 2023 inflation of 0.9% came from an increase in  food prices by 1.6% and an increase in the price of services by 1.1%, with a decrease in the price of non-food goods by 1%. This is evidenced by the data of the RA Statistical Committee.

ArmInfo. The short-term windfall impacts of human and  financial relocations on the Armenian economy should be expanded and  sustained, giving it a sustainable effect. This opinion was expressed  by Rector of the Russian-Armenian University (RAU), doctor of  Economic Sciences of the Republic of Armenia and the Russian  Federation, Professor Edward Sandoyan, speaking at the International  Scientific Conference at RAU recently.