ArmInfo. By the end of 2024, the share of precious metals and stones in Armenia's foreign trade  had reached 51% (27% in 2023 and 12% in 2022). In just one year, the value of transactions rose from $5.5 billion to $15.4 billion (compared to $1.7 billion in 2022). From January to December 2024,   imports and exports of precious metals and stones reached 43% and 61%, respectively, from 19% and 38% in 2023 (against 8% and 19% in 2022). This is evidenced by  data from the RA Statistical Committee.

ArmInfo.

ArmInfo. During 2024, the government returned over 392 billion drams (about $1 billion) to taxpayers through various programs, as stated by Armenian Prime  Minister Nikol Pashinyan.  ,  Pashinyan wrote on social media. 

ArmInfo.

ArmInfo. 4,451 individuals have already reported their income to the Armenian tax authority for 2024, as stated by the Chairman of the State Revenue Committee (SRC) of the Republic of Armenia, Eduard Hakobyan, in parliament on February 5. Earlier, the press service of the department told ArmInfo that around 900 thousand individuals are required to submit a declaration for the 2024 reporting year.

ArmInfo. In 2024, Armenia's metallurgical industry saw a turnaround from a 5% decline to a 1% growth. According to the data of the RA Statistical Committee, the improved dynamics were due to the production of copper concentrate, zinc concentrate, and steel pipes.  During January-December 2024, Armenia produced 301.6 thousand tons of copper concentrate, shifting  from a 5.8% decline to a 4.1% growth compared to the previous year.

ArmInfo. In Armenia, economic activity growth in January- December 2024 slowed down to 8% per annum (from 9.4% in 2023 and 14.2% in 2022), but the export and import trends did not change significantly. This is evidenced by the final data from the RA Statistical Committee.

ArmInfo. The Aviation Accidents and Serious Incidents Investigation Department of the Ministry of Territorial Administration and Infrastructure of Armenia has joined the European Civil Aviation Conference's (ECAC) initiative on the .  

ArmInfo. The Armenian authorities are imposing new high tax duties that are strangling small and medium businesses (SMEs). This statement was made by a group of SME representatives protesting at the Armenian government  building on Republic Square against the new Tax Code that took effect  on January 1 of this year.

ArmInfo.

ArmInfo. The gambling industry in Armenia may be subject to a 10% turnover tax in addition to existing taxes and duties. At its meeting on February 5, the RA National Assembly Committee on Economic Affairs issued a positive  opinion in the first reading on the amendments to the Tax Code  submitted by Hayk Sargsyan, a member of the NA from the ruling Civil  Contract faction.  According to the author of the legislative  initiative, over the past 13 years, the turnover of gambling, online  gambling, virtual gambling, lotteries, betting, and activities to  organize online betting has been growing at an alarming rate.

ArmInfo. Although the US presidential elections are already behind us, it is still impossible to make reasonable assumptions about the developments in the global economy, since there is an element of uncertainty regarding the  practical steps of the 47th President of the United States, Donald  Trump. This was stated by the head of macropolitics research at the  Amundi Investment Institute Didier Borowski at the Amundi. Investment  Forecast 2025 conference in Yerevan, presenting the global themes of  the current year and key bright spots that can help investors  overcome the existing problems.

ArmInfo. On the eve of FOODEX JAPAN-2025, the Japan Business Association (ROTOBO) in cooperation with the Vine and Wine Foundation of Armenia (VWFA) organized an online seminar dedicated to Armenian wines in order to present the features of our winemaking on the Japanese market.

ArmInfo. The Armenian authorities are planning to extend the tax breaks for private companies issuing their bonds. The issue was discussed at a meeting  of the RA National Assembly Committee on Economic Issues on February  5.

ArmInfo. Head of the Tourism Committee Lusine Gevorgyan received the Ambassador of India to Armenia Nilaksha Saha Sinha.

ArmInfo. High demand for consumer and mortgage loans is keeping interest rates at the same  level. This was stated by the head of the Central Bank of Armenia, Martin Galstyan, during a press conference on February 4, while responding to a question about how  the reduction in the refinancing  rate is affecting loan interest rates.

ArmInfo. In 2024, Armenian banks experienced a record growth in profits, which is undoubtedly  pleasing, as a portion of these profits will be used to finance the economy, as stated by the Chairman of the Central Bank of the Republic of Armenia, Martin Galstyan, during a press conference on February 4.

ArmInfo.Economic activity in Armenia continues to weaken, approaching the estimated level of  long-term sustainable growth, and there remains high uncertainty regarding the development of the labor market.

ArmInfo. As of January 31, 2025, the Republic of Armenia's consolidated budget has received 249.2 billion drams in tax revenues and state duties, showing a 40.3% increase compared to the same period in 2024.

ArmInfo. The Italian Trade and Investment Agency (Agenzia ICE) is set to open in Armenia. This was announced by the Italian Ambassador to Armenia Alessandro Ferranti during a meeting with the Armenian Minister of Economy,  Gevorg Papoyan.