ArmInfo. The South Caucasus Railway company celebrated its professional holiday - Railway Worker's Day - with a number of events at its enterprises in Gyumri, Yerevan, Sevan and Vanadzor.

ArmInfo. Armenia'sMinister of Economy Gevorg Papoyan hosted Mr Francoise Jabob, U.S. Resident Coordinator in Armenia. 

ArmInfo.

ArmInfo. The 8th UN World Conference on Wine Tourism will be held in Yerevan from September 11 to 13.

ArmInfo. According to the statement issued by the RA Food Safety Inspectorate, negotiations have made it possible to organize transit transportation of small cattle from Armenia to the Republic of Iraq through the territory of Iran. As noted in the statement, Tehran has given initial approval for this transit. The animals must undergo a 21-day quarantine in the country of origin, under the supervision of an Iranian Veterinary Organization (IVO) representative. 

ArmInfo. A pilot program for labeling beer products will be implemented in Armenia. The decision was made at a meeting of the RA government on August 1st. 

ArmInfo. The RA government intends to create a legal basis for financing research and development work when submitting applications for the development of military products.

ArmInfo. In order to manage the project for the construction of a new nuclear power unit in Armenia, it is planned to create a closed joint-stock company. The decision to establish a CJSC was made at the meeting of the RA government on August 1.

ArmInfo. The RA government will subsidize interest rates on additional loans attracted by purchasing companies in order to successfully organize the purchase of agricultural products in 2024.

ArmInfo.

ArmInfo.Loan of €55 million for Acba bank to support local private sector.

ArmInfo. An interdepartmental working group has been established in Armenia to create a strategy for the development of the water sector in the country. The decision to form the working group was signed by RA Deputy Prime Minister Tigran Khachatryan. 

ArmInfo. Armenia intends to attract a $40 million loan from the International Bank for Reconstruction and Development, a part of the World Bank Group, for the reconstruction of three electrical substations. The issue to approve the signing of an agreement with the Bank is included in the agenda of the RA government meeting, scheduled for August 1. 

ArmInfo. The strategic partnership between Team Telecom

ArmInfo. Violations in the labeling of dairy products in Armenia have decreased, the Commission for the Protection of Competition (CPC) reports. 

ArmInfo. In Armenia, out of 120, 000 thousand individual declarants, just over 53,000 people reported their income received in 2023. The information was provided by the press service of the State Revenue Committee of the Republic of Armenia in response to a written request from ArmInfo. The deadline for filing the declaration expired on July 22. 

ArmInfo.

ArmInfo. The Feminno Cultural- Innovative platform has signed a memorandum of understanding with the Union of Advanced Technology Enterprises (UATE).  As part of the memorandum, the parties will cooperate to represent women and enhance their active participation in the 2024 World Congress on Information Technology WCIT2024/DigiTec.  The parties will direct their efforts to ensure that WCIT2024/DigiTec becomes a significant event representing Armenia as a leading center of innovation and women's leadership.  To recall: Yerevan will host the World Congress on Information Technology (WCIT) from October 4 to 7, 2024, under the theme "The Power of the Mind: AI Beyond Limits, Within Ethics".  The Congress will feature speeches by renowned speakers, including the author of the international bestseller "How to Raise a Successful Person" Esther Wojcicki, founder of the ABBYY Group David Yang, co-founder of Picsart Hovhannes Avoyan, CTO of TELUS Ibrahim Gedeon and others.  Participants will also enjoy panel discussions, B2B meetings, business and innovation exhibitions, seminars and other events. One of the important events will be the WITSA World Cup (WWC). In total, about 2 thousand delegates from more than 80 countries will visit Armenia.

ArmInfo. The banking system in the world is becoming more local.  That's how the Governor of the Central Bank of Armenia, Martin Galstyan, explained HSBC's exit from a number of countries, including Armenia, during a press conference on July 30.  "Global players, who after the collapse of the USSR considered this territory a large field for expansion, in my opinion, no longer think so. Everyone is returning to local jurisdictions," he said. As an example, Galstyan named such large players as HSBC and City Bank.  According to the head of the Central Bank, this is due to the fact that there are many risks in the Region, not only geopolitical, but also sanctions. Working in this Region has become extremely costly in terms of compliance and adherence to the rules of the game.

ArmInfo.