ArmInfo.Armenia's GDP for the first 9 months of 2024 exceeded 6.9 trillion drams or $17.7 billion, showing a 12.8% year-on-year increase. This growth rate is similar to  the previous year, when a slowdown from 21% to 12% was observed. This  is evidenced by the data from the RA Statistical Committee, released  on November 20, presenting the GDP at market prices.  The GDP  dynamics for the year showed a negative trend only in the first  quarter with a decline of 36.1%.  This was followed by a positive  growth of 16.1% in the second quarter and a further acceleration to  25.6% in the third quarter. This pattern mirrored the quarterly  dynamics of 2023, where a 36.3% decline in the first quarter was  followed by a growth of 16.5% in the second quarter and a further  acceleration to 27.2% in the third quarter. 

ArmInfo.

ArmInfo.

ArmInfo.The World Bank (WB) is considering new opportunities for cooperation with Armenia in the high technology sector. This became known following a meeting  between Armenia's Deputy Minister of High-Tech Industry Ruben  Simonyan, and a WB delegation led by Cecile Niang, the Practice  Manager of the Finance, Competition and Investments Department). In  particular, she noted that new cooperation opportunities will be  presented in the shortest possible time, with a focus on the research  and development (R&D) sector.  The Deputy Minister, in turn,  presented the guests with programs aimed at developing the technology  sector and fostering economic growth. He also spoke about the goal of  transforming Armenia into a regional technology hub.

ArmInfo.

ArmInfo.The Greek airline "SKY Express" has launched flights on the Athens-Yerevan-Athens route. Flights from Athens International Airport to Zvartnots  International Airport are operated three times a week: on Wednesdays,  Fridays and Sundays. 

ArmInfo. Deputy Minister of Finance of Armenia Arman Poghosyan explained what solutions are proposed for public organizations providing free consulting and legal  assistance within the framework of new tax amendments.

ArmInfo. In Armenia, a business with a high level of documented expenses may even end up in the black as a result of the proposed tax amendments. This assurance was made  by Deputy Finance Minister Arman Poghosyan on November 19 at  parliamentary hearings on the package of bills on amendments and  additions to the RA Tax Code, concerning the transfer of certain  areas of professional activity to the value-added tax system.

ArmInfo. The future activities of the Rural Economic Development Fund of Armenia (FREDA) are uncertain. This information was shared by the press service of the Ministry of Economy, which referenced the outcomes of the Fund's Board of Trustees' meeting chaired by Armenia's Minister of Economy Gevorg Papoyan.  

ArmInfo. At a press conference held on September 23, Idram announced the opening of its QR infrastructure. On the same day, it was revealed that Upay has joined the Open QR system. Now, Upay users can scan and pay using the Idram QR code available at more than 22,500 points of sale through their applications.

ArmInfo. The global division of the European Investment Bank (EIB Global) has signed a loan of up to 236 million euros to finance the construction of the Sisian- Kajaran road - a crucial segment of the North-South transport  corridor, as stated in the official statement of the European  Investment Bank.

ArmInfo. IDBank introduces an exciting promotion, “Shopping,” designed to make your purchases even more rewarding! Until December 31, 2024, customers using Mastercard Standard or Mastercard Gold cards, whether newly issued or existing, can enjoy 10% back in idcoins on purchases made at the following online retailers:

ArmInfo.

ArmInfo.The Eurasian Development Bank (EDB) will hold its annual conference "Supporting Sustainable Development in Central Asia" in Almaty on December 6.

ArmInfo. Martin Galstyan, Chairman of the Central Bank (CB) of Armenia, took part in a panel discussion at the technological summit ,  where he discussed the use of artificial intelligence in the  financial sector, as reported by the press service of the Central  Bank of Armenia. He highlighted the risks and opportunities of AI,  emphasizing the dangers of cyberattacks, data quality issues, and  competitive inequalities that may affect  smaller companies  due to  the complexity and opacity of the technology.

ArmInfo. Armenian tax authorities will check the bank accounts of not only businesses, but also ordinary citizens, individual taxpayers. The initiative was  approved by the Cabinet of Ministers the day before.

ArmInfo.Prime Minister Nikol Pashinyan presented the RA State Award for Global Contribution in the field of information technology to Narayana Murthy, the founder of  Infosys Limited. The 14th ceremony awarding the state prize was held  yesterday at the government.

ArmInfo.

ArmInfo. As a result of the liberalization of the electricity market, 27.4% of all electricity sold in Armenia was sold on competitive terms in the first 10 months of this year. This was stated by the candidate for the chairman of  the Public Services Regulatory Commission (PSRC) of the Republic of  Armenia Mesrop Mesropyan from the rostrum of the National Assembly on  November 15.