ArmInfo. During a press conference on October 29, Martin Galstyan, the chairman of the  Central Bank of Armenia, stated that there is a significant demand for consumer and mortgage loans in Armenia, and since the refinancing rate of the Central Bank is essentially unitary, it can have a dual effect on the market in the event of high demand for credit resources.

ArmInfo.

ArmInfo.

ArmInfo. Deputy Minister of Finance of Armenia Eduard Hakobyan presented the country's economic  development strategies at the annual meetings of the Board of Governors of the International Monetary Fund (IMF) and the World Bank (WB).

ArmInfo. The Central Bank of Armenia continues to reduce the refinancing rate, this time also by  0.25 percentage points - from 7.5% to 7.25%. This is the seventh reduction in the key rate this year, by a total of 2 percentage points (from 9.25% in December 2023). 

ArmInfo. Armenia intends to develop business tourism (MICE tourism). To further this goal, a  regional tourism forum was held in Dilijan, with the participation of Deputy Minister of Economy of Armenia Arman Khojoyan.  In his speech, he noted that over the past two decades, tourism has become one of  the key areas of the Armenian economy, stimulating economic growth, creating new jobs and raising the standard of living of in our communities.

ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo.The Central Bank of Armenia believes that, given the heightened geopolitical and regional risks, as well  as a decrease in previous drivers of economic growth, implementing a counter-cyclical economic policy centered on enhancing the effectiveness of state capital investments and further refining tax policy is crucial for ensuring macroeconomic stability in 2025. 

ArmInfo.Zangezur Copper and Molybdenum Plant (ZCMP) continues to rank at the top list of 1000  large taxpayers in Armenia, maintaining its leadership from January to September 2024, as it did in the previous year. This is evidenced by data from the State Revenue Committee.

ArmInfo.. The planned 5.6% GDP growth for 2025, as stated by RA Finance Minister Vahe  Hovhannisyan  to reporters  on October 28th, is a very high figure,.  He recalled that according to the RA government program for 2021-2026, they plan to achieve up to 7% economic growth annually  under favorable conditions. However, the proposed figure for next year is very ambitious. The minister noted that GDP growth rates much higher than 7% were ensured for 2022-2023. As a result, an average economic growth rate of 7% is maintained over the years.

ArmInfo. In the first eight months of this year, the growth rate of economic activity in Armenia amounted to 9%. This was stated by the RA Minister of Finance Vahe Hovhannisyan on October 28 during the discussions in the commissions of the RA National Assembly on the draft state budget of the country for 2025.

ArmInfo.The deficit of the state budget of Armenia for 2025 should not exceed the volume of  capital expenditures. This was stated by the Minister of Finance of the Republic of Armenia Vahe Hovhannisyan on October 28 during the discussions on the draft state budget of the country for 2025.

ArmInfo. One of the main tasks of the Armenian government in 2025 will be to strengthen resilience and increase economic potential. This was stated by RA Finance Minister Vahe Hovhannisyan on October 28 during the  discussions in the commissions of the National Assembly of the Republic of Armenia on the draft state budget for 2025. 

ArmInfo. The state budget of Armenia is a large family pocket of every citizen of the country.  This was stated by Prime Minister of the Republic of Armenia Nikol Pashinyan at the hearings on the draft state budget of the Republic of Armenia in the National Assembly of the Republic of Armenia on  October 28.

ArmInfo. As a result of numerous different discussions and working negotiations, it seems that there is a consensus on the format of the implementation of the stages of the universal health insurance system. 

ArmInfo. The signing of a free trade agreement with Iran will significantly increase the competitiveness of goods from the EAEU countries on the Iranian market, increase export volumes to Iran, satisfy trade turnover, and  allow saving $380 million annually due to exemption from customs  duties. 

ArmInfo.