ArmInfo.

ArmInfo.As a leader in Armenia's mortgage lending market, Ameriabank is represented by a separate pavilion at the specialized exhibition for the real estate and construction sector, Toon EXPO.

ArmInfo. In Armenia, economic activity growth slowed down to 8.7% per annum in January-September 2024 (from 9.7% in the same period of 2023). Unlike last year, the industrial sector has become one of the growth drivers. According to preliminary data from the RA Statistical Committee, this is  accompanied by continued high growth rates of exports and imports.   Despite the fact that the preliminary statistical report does not  provide more detailed information, it is evident that the high growth  in industrial production no longer coming from the jewelry industry.  It previously showed several-fold growth, but now is experiencing a  double-digit decline, as seen in the data from previous months. 

ArmInfo.In Armenia, the industrial price index increased in January-September 2024 compared to the same period in 2023, reaching 102.9% from  last year's 101.3%.  

ArmInfo.A few days ago, the course phase of IDBank's IDream educational program has started. In 2024, IDBank reflects on the successful outcomes of the IDream programs, which welcomed 37 new students who completed their training and joined the Bank's team.

ArmInfo.

ArmInfo.The launch of the initiative group of the Armenian Agroforestry Association was announced in Armenia, which will allow for the effective development of a new area for our country - agroforestry. 

ArmInfo.The conclusion of the agreement on the donation of 12.5% of shares out of 100% of the shares of the Lydian Armenia company is postponed until December 30 of this year. The decision on this was made at a meeting of the RA government on October 24.

ArmInfo.The U.S. Development International Finance Corporation (DFC) today announced a commitment for a $50 million loan to ACBA Bank aimed at expanding financing for small businesses in Armenia, fostering economic growth and empowering entrepreneurship. According to the US Embassy in  Armenia, the Bank will direct at least 50% of the DFC funds to  finance women-owned and women-led businesses, aiming to create more  inclusive economic opportunities.

ArmInfo. Deputy Prime Minister of Armenia Mher Grigoryan received a delegation of the US International Development Finance Corporation (DFC) headed by Ms Nisha Biswal, DFC's Deputy Chief Executive Officer.

ArmInfo.High-tech sector in Armenia will receive state support. The RA government approved amendments to the law "On state support to high-tech sector" and the RA Tax Code at the meeting on October 24.

ArmInfo. The application of state duty on gold export was intended, on the one hand, to address process control issues, and also to increase the revenue for the country's state budget. This was  stated by Gevork Papoyan, RA Minister of Economy, on October 23 during the government session in  the National Assembly of Armenia, in response to a question from  Tadevos Avetisyan, a deputy from the opposition faction "Armenia". 

ArmInfo.Lonely Planet, one of the world's leading tourism media, has included Armenia in the list of the best tourist destinations in their "Best in Travel 2025" publication.  

ArmInfo.The European Bank for Reconstruction and Development (EBRD) will lend $236 million to Armenia to finance the construction of the southern section of the Sisian-Kajaran road of the North-South transport corridor.  Discussions are currently taking place in the Armenian parliament  regarding the agreement with the Bank that has been submitted for  ratification.

ArmInfo.Armenian Minister of Economy Gevorg Papoyan received Ms. Lesley Akyaa Opoku-Ware, the newly appointed Ambassador of Ghana to Armenia.  As reported by the press service of the Ministry of Economy, the parties discussed the most promising areas of economic cooperation between Armenia and Ghana during the meeting. They also talked about export and import opportunities within the framework of economic diversification, as well as potential cooperation in agriculture.

ArmInfo.The Eurasian Fund for Stabilization and Development, whose funds are managed by the Eurasian Development Bank, will provide Armenia with a loan of $100 million. The National Assembly of the Republic of Armenia discussed the draft law on ratification of the relevant agreement with the EDB at a plenary session on October 23. 

ArmInfo. The French Development Agency will provide Armenia with a loan of 75 million euros to implement the country's state budget support program. The draft law "On ratification of the agreement between the Government of  the Republic of Armenia and the French Development Agency" was  discussed at the plenary session of the National Assembly of the  Republic of Armenia on October 23.

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ArmInfo.The reduction of rates in large developed economies is gradually opening the way for developing countries to attract foreign capital. This is stated in the Macro Review of the Eurasian Development Bank (EDB) published today.