ArmInfo.The Armenian government proposes to establish liability standards in the event of  export of sensitive products included in the list established by the Cabinet of Ministers from the territory of the Republic of Armenia to the EAEU member states without appropriate permits.

ArmInfo. On September 10, within the framework of the "Yerevan Dialogue" international forum,  Minister of Foreign Affairs of the Republic of Armenia Ararat Mirzoyan had a meeting with Peer Szijjarto, the Minister of Foreign Affairs and Trade of Hungary.

ArmInfo.USAID funding under the grant agreement on cooperation with Armenia will be doubled -  from $120 million to $250 million, and the areas of joint projects will be expanded.

ArmInfo.The Board of the Central Bank of Armenia believes that a lower refinancing rate is necessary to achieve the inflation target of 4% in the medium term and ensure price stability. In this context, on September 10, the Central Bank once again reduced the key rate by 0.25 percentage points - from 7.75% to 7.5%.

ArmInfo. On September 10, the Armenian Parliament approved the draft law "On ratifying the "Agreement on a Harmonized System for Determining the Origin of Goods Exported from the Customs Territory of the EAEU." After the agreement enters into force (signed on December 4, 2023 in Moscow), foreign trade participants exporting goods to third countries will have a document containing all the basic provisions on working with origin. 

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ArmInfo. On September 10, the Armenian Cabinet approved the draft law "On ratifying the Agreement  on Free Trade in Services, Establishment, Operations and Investments." The day before, Deputy Minister of Economy Sevak Mikaelyan, while presenting the draft law in parliament, stated that according to the CIS Executive Committee, the implementation of the Agreement, would increase the volume of trade in services in the CIS by 25%.

ArmInfo.On September 10, the National Assembly of Armenia approved the draft law of the Republic  of Armenia "On Ratifying the Framework Agreement on the International Solar Alliance Fund." As Deputy Minister of Territorial Administration and Infrastructure Hakob Vardanyan stated earlier, Armenia's accession to the International Solar Alliance can make a significant contribution to the development of Armenia's renewable  energy sector.

ArmInfo. The Central Bank of Armenia continues to reduce the refinancing rate, this time also by  0.25 percentage points - from 7.75% to 7.50%. This is already the sixth reduction in the key rate this year, by a total of 1.75 percentage points (from 9.25% in December 2023). 

ArmInfo.Armenia is one of the regional leaders in the field of contactless QR payments. QR payments were introduced in the country in 2016. We spoke with Arsen Kdenian, Director of Idram, about the current state of QR payments and the future of the sector.

ArmInfo.  Armenia intends to join the e-CMR protocol, which reduces t cargo clearance cost,  eliminates administrative delays and invoice overdue, and also  reduces the number of discrepancies at destinations and promotes  transparency and security at all stages of logistics chains. On  September 9, RA Deputy Minister of Territorial Administration and  Infrastructure Armen Simonyan presented to the parliament the draft  Law of the Republic of Armenia on the Contract for the International  Carriage of Goods by Road, concerning the electronic consignment note  (e-CMR).

ArmInfo. The 3rd Eurasian Economic Forum will take place in Yerevan from September 30 to  October 1.  As reported by the press service of the Eurasian Economic  Forum, the main theme of this year's event is "10 years of the EAEU:  prospects and priorities".  

ArmInfo. As of July 2024, the highest wages in Armenia were recorded in the information and  communication sector. According to the Statistical Committee of the  Republic of Armenia, as of the reporting date, the average salary of  specialists in this sector was 824.1,000 drams, which is 0.2% higher  than the previous year's figure.

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ArmInfo. Sisak Gabrielyan, a member of the National Assembly of Armenia, is proposing to regulate  legal relations related to the sale of real estate that belonged to  non-profit organizations during the ASSR period. 

ArmInfo. In Armenia's foreign trade, Russia leads in imports at 63.6% and the UAE leads in exports  at 45.3% compared to 25.3% and 13% respectively from a year ago.   Their share in the total turnover has increased to 44.4% and 19.5%  from 36% and 5.2% a year earlier. This is evidenced by the data of  the RA Statistical Committee for January-July 2024.  

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ArmInfo. In 2023, shares of two state-owned companies were privatized, and the Isotope Production  Center CJSC was excluded from the "State Property Privatization  Program for 2017-2020," as stated by Arnak Avetisyan, head of the  State Property Management Committee, in parliament on September 9,  while presenting the draft law for the implementation of the program  for 2023 in the second reading.

ArmInfo. In Armenia's foreign trade, the share of precious metals and stones in imports and exports reached 69-55% in January-July 2024 (from 19-11% a year earlier), thereby increasing in total turnover from 14% to 61% over the year.

ArmInfo. Nokia and Team Telecom Armenia open access to 25G PON services throughout Armenia.   As reported by the press service of the telecommunications company Team Telecom Armenia, Nokia announced today that Team Telecom Armenia has implemented its 25G PON fiber solution, making it one of the  first operators in the Caucasus and Central Asia regions to offer the highest internet speeds on the market.