ArmInfo.

ArmInfo.Yerevan, In late September, the Mining Armenia Forum was held in Armenia, organized by the Union of Miners and Metallurgists of Armenia. The forum was attended by representatives from almost all  mining companies in the country, specialists in various fields, environmentalists, representatives from various NGOs, and foreign guests.

ArmInfo. A panel discussion titled "The Impact of Artificial Intelligence on Leadership and Decision Making" was held at AraratBank's Development Branch. The event was organized as part of the international scientific-practical conference "Transformation of Management Theory and Practice in the 21st Century," co-organized by AraratBank.

ArmInfo. Financing for the tourism sector will be reduced in 2025, as stated by Armenian Minister of Economy Gevorg Papoyan at the budget hearings in the Parliamentary committees on November 4.  Recall that in 2024, 1.5 billion drams were allocated from the state budget to the tourism sector, and 1 billion drams in 2023. Prior to that, the annual funding from state funds was approximately 200 million drams.

ArmInfo.

ArmInfo.

ArmInfo.At a press conference on September 23, Fast Shift announced its partnership with Idram to join the open QR infrastructure. A memorandum of understanding was signed between the two companies, allowing Fast Shift users to scan Idram QR codes at over 22,500 points of sale using their applications.

ArmInfo.Compared to 2017, the state budget of Armenia in 2024 will be doubled, as stated by  Rustam Badasyan, the Chairman of the State Revenue Committee of Armenia,  on November 4 during parliamentary hearings on the draft state budget for the country in 2024.

ArmInfo.Head of the State Revenue Committee (SRC) of Armenia Rustam Badasyan does not see any  problems in ensuring the tax indicators of the state budget for 2024.

ArmInfo. One of the main areas of activity of the State Revenue Committee of Armenia in 2025  will be improving the quality of service to taxpayers and reducing the "shadow". This was stated by the head of the department Rustam Badasyan on November 4 during the discussions of the draft state  budget of the country at a meeting of the commissions of the National Assembly of the Republic of Armenia. 

ArmInfo. The Eurasian Development Bank predicts that in December of this year, the Central  Bank of Armenia will make another reduction in the refinancing rate. This is stated in the weekly macro review of the Bank, presented on November 4 on the EDB page in Telegram - channel.

ArmInfo.

ArmInfo.The Asian Development Bank (ADB) will provide Armenia with a budget assistance loan of  89.469 million euros. The loan agreement "Fiscal Sustainability and Financial Markets Development Program - Subprogram 2" was signed between the Ministry of Finance and ADB on November 1 of this year,  as noted in the message of the Ministry of Finance of the Republic of Armenia.  

ArmInfo.The sale of HSBC Bank Armenia (HSBC Armenia) to Ardshinbank is expected to complete on  November 29, 2024. At completion of the transaction, HSBC Armenia will become a wholly owned subsidiary of Ardshinbank and will be renamed Ardshininvestbank CJSC, as noted in the statement of HSBC Bank Armenia.

ArmInfo. Armenian companies will be able to enter the Warsaw Stock Exchange with an IPO through cross- or dual listing mechanisms. This was reported to ArmInfo by Grzegorz Kucharski, the representative of the Warsaw Stock Exchange (WSE) on the board of the Armenian Stock Exchange (AMX), answering a question  about the possibilities of Armenian companies entering the European capital market.

ArmInfo.IDBank continues to enhance and modernize its branches. The bank informs that the Arabkir branch has been reopened.

ArmInfo.There are no plans to implement Universal Health Insurance (UHI) in Armenia in 2025.  Minister of Finance of Armenia Vahe Hovhannisyan stated this in parliament on November 1, noting that there is no corresponding expenditure item in the draft budget for the following year.

ArmInfo.

ArmInfo.

ArmInfo.The launched program "Irrigated Agriculture Development in Ararat and Armavir Provinces"  (IADAAM) will open a new page for the agricultural sector, contributing to the implementation of reforms in the field of irrigation. This was stated by Deputy Minister of Economy of Armenia Arman Khojoyan at the launch of the program in Yerevan on October 31.