ArmInfo. In the plastic card market of Armenia, cashless transactions established themselves as the dominant force in 2024, accounting for 52.3% of the total volume (compared to 51% in 2023 and 40% in 2022), totaling 3.6 trillion drams ($9.1 billion) in absolute terms. This is evidenced by data from the Central Bank of the Republic of Armenia.

ArmInfo.From February 26 to 28, the 49th meeting of the member states of the Joint Board of  Customs Services of the Eurasian Economic Union was held in Yerevan. Delegations from Armenia, Russia, Belarus, Kazakhstan and Kyrgyzstan participated in the meeting.

ArmInfo.The technology sector of Armenia, in terms of IT alone (software development,  computer programs, data processing, etc.), closed 2024 with a turnover of 915 billion drams. This was stated by the Minister of High-Tech Industry of Armenia Mkhitar Hayrapetyan, citing data from the State Revenue Committee, during an event dedicated to the creation of the second Formula VC venture fund.

ArmInfo. The growth rate of the Armenian economy in 2025 will be lower than the indicator planned  by the country's government. Economist Aghasi Tavadyan said this in an interview with an ArmInfo correspondent. 

ArmInfo. From January 1 to February 27 inclusive, 2025, 4,718 electric vehicles were imported to  Armenia without the participation of official distributors (about 94.4% of the annual duty-free quota). This was reported by the State Revenue Committee of the Republic.

ArmInfo.The Defense Innovation Agency, subordinate to the French Ministry of Defense, is  interested in cooperation with the Military-Industrial Committee of Armenia and the Ministry of High-Tech Industry. This was stated during a meeting between Deputy Minister of High-Tech Industry of the Republic of Armenia Gevorg Mantashyan, Chairman of the Military Industry Committee Aram Jivanyan and a delegation led by Director of the French Defense Innovation Agency General Patrick Aufort.

ArmInfo.A ceremonial event was held in Yerevan yesterday to mark the creation of the second  venture fund, Formula VC. The fund's portfolio is $30 million, which will be invested in 40 startups over the next 5 years, not only in Armenia, but also in the Diaspora.

ArmInfo. The movement of vehicles with trailers and semi-trailers has been restored on the Gudauri-Kobi section of the Mtskheta-Stepantsminda-Lars international  road. This was reported to an ArmInfo correspondent by the customs  attache of the RA Embassy in the Russian Federation Vahan Hakobyan.

ArmInfo. On February 27, the RA NA Vice President Hakob Arshakyan participated in the official opening ceremony of the Formula VC  II  fund and gave a welcome  speech.

ArmInfo. The Upper Lars checkpoint has opened for passenger cars, but remains closed for heavy vehicles.

ArmInfo. Samvel Karapetyan, President of the Tashir group of companies took second place in the  Forbes rating .  According to Forbes, Tashir's rental incomer in 2024 was $685 million (in 2023 - $640 million, in 2022 - $600 million). The company has a presence in cities such as Moscow, St. Petersburg, Sochi, Yaroslavl, etc. 

ArmInfo.The Idram&IDBank app has introduced long-awaited updates designed to make online transactions and payments even more convenient. In a world where cashless payments have become essential, managing your finances is now easier than ever.

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ArmInfo."We are making the first attempt to regulate the crypto currency  sector. It will not be  ideal, but it is an important step," Prime Minister Nikol Pashinyan said on February 27 at a regular Cabinet meeting of the Government, after Finance Minister Vahe Hovhannisyan presented a package of bills  on amendments and additions to the law "On Crypto Assets" and a number of related laws.

ArmInfo. The government will provide Lydian Armenia with budget guarantees of up to $150 million.  The decision was made on February 27 at a regular meeting of the Cabinet of Ministers.

ArmInfo.On February 27, the Government of Armenia approved the draft decree of the President of  the Republic of Armenia on approving the Agreement on Economic Cooperation between the Government of the Republic of Armenia and the Government of the Republic of Hungary.

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ArmInfo. The Armenian government has allocated 200 million drams to replenish the  authorized capital of the newly established CJSC .

ArmInfo. In 2025, the growth rate of the Armenian economy will remain high. This is stated  in the latest macroeconomic review of the Eurasian Development Bank.