ArmInfo. Unscrupulous cognac producers account for 12% of the market in Armenia.This was stated  during a press conference on August 28 by Aghasi Tavadyan, PhD in Economics, Associate Professor and a member of the Eurasian Economic Club.  

ArmInfo. Gold re-export has "overshadowed" the economic downturn in Armenia. A similar opinion  was expressed during a press conference on August 28 by Aghasi Tavadyan, PhD in Economics, Associate Professor and a member of the Eurasian Economic Club.

ArmInfo. The Health and Labor Inspection body of Armenia has issued administrative acts totaling  about 3 billion drams for violations in the field of drug circulation in the first 8 months of this year.

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ArmInfo. Yerevan will host the 8th UN Global Wine Tourism Conference.As reported by the press service of the Tourism Committee, this annual conference is an exceptional opportunity for cooperation between government agencies, territorial administration organizations, global and intergovernmental bodies, international wine experts to develop the wine culture of Armenia.

ArmInfo. In 2024, Armenia's economic growth may exceed 8.5%, depending on the trends observed  during the second half of this year. Doctor of Economics, professor, and head of the Research Center "Alternative," Tatul Manaseryan, who is also a member of the Eurasian Expert Club, made this statement  during a press conference on August 28, while presenting the Club's assessment.

ArmInfo.At the meeting on 27^th of August this year, the Board of the Central Bank of the Republic of Armenia granted its preliminary approval for Ardshinbank CJSC to acquire 75% or more of direct significant stake in HSBC Bank Armenia. Prior to this, on 6^th of June the Commission for the Protection of Competition also approved the concentration of Ardshinbank and HSBC Bank Armenia.

ArmInfo.Have you ever thought how cool it would be if the Rocket Line 0% installment plan was longer? What are you waiting for? Rocket Line 0% is available for 12 months!

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ArmInfo. If the trends of the first half of the year regarding the non- fulfillment of budget  expenditure and revenue items continue, the execution of the 2024 state budget will be at risk, and it is possible that this will lead to budget sequestration. 

ArmInfo. The Public Services Regulatory Commission (PSRC) will allocate a radio frequency of 3600-3800 MHz for the deployment of a 5G broadband network in Armenia. As reported on the page of the Ministry of High-Tech Industry, the head of the department Mkhitar Hayrapetyan stated this in an interview with Public Television. 

ArmInfo.The Armenian economy is going through a turning point.  The latest statistics on GDP growth  revealed an alarming reality: the country's economic recovery, which has been so celebrated lately, was mainly built on unstable, exogenous factors, and economic growth was just an illusion. This assessment was made by Aghasi Tavadyan, associate professor at the Armenian State University of Economics, founder of the analytical  portal tvyal.com. 

ArmInfo. On Aug. 23, 2024, S&P Global Ratings affirmed its 'BB-/B' long- and short-term foreign and  local currency sovereign credit ratings on Armenia. The outlook on the long-term ratings is stable.

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ArmInfo. The Republican Union of Employers of Armenia (RUEA) believes that if the State Revenue  Committee (SRC) is truly concerned about the problem of tax collection and increasing tax discipline, it should simply abandon the initiative to abolish incentive norms and establish stricter criminal liability for tax violations, since its adoption, in addition to other destructive consequences for the country's economy, will directly aggravate the problem of tax evasion.

ArmInfo. Since 2022, Armenia's IT sector has experienced significant growth, largely attributed to  an inflow of re-locants from Russia. During this period, the sector has become a key contributor to GDP growth, accounting for 1-3 percentage points. But recent data from the last two quarters show a concerning picture, indicating that currently the sector is encountering serious problems.  

ArmInfo.The Idram Junior app just got even more exciting: now you can play a financial literacy game directly within the app. Moreover, through this game, you can prepare for the financial education competition Junius, organized by the financial app Idram Junior and the educational program Koreez.