ArmInfo. The international Fitch  Ratings agency affirmed Armenia's long-term foreign currency issuer  Default Rating (IDR) in foreign currency at "BB" with a stable  outlook.  This is stated in a report on the agency's website.   Continued High Growth: Economic growth continues to benefit from  spill-overs from strong inward migration from Russia, Belarus,  Ukraine and now Nagorno-Karabakh. Real GDP grew 8.7% in 2023 and  remained strong at 9.2% yoy in 1Q24. The tourism and information and  communication technology sectors are expected to be important drivers  of growth, while commencement of the Amulsar gold mine's operations  from 2025 will be positive for exports and growth. Fitch expects  growth to reach 6% in 2024, 5.5% in 2025 and 5.1% in 2026.

ArmInfo. USD and EUR transactions  decreased, while RUB transactions showed a growth, in Armenian  interbank foreign exchange market from July 22 to 26. Moreover, three  USD, one EUR and four RUB transactions  were effected during the  period under review. 

ArmInfo.Traveling starts with detailed planning, and in the case of some countries, with obtaining a visa. Many people know the tedious side of paperwork.

ArmInfo.How to spend less and save more? This question troubles many - both ordinary human beings and the tycoons who have accumulated crazy wealth, because everyone wants to live better and have more money, even if they don't recognize it.

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ArmInfo. Ameriabank continues  to lead among other Armenian banks in a row. According to the data of  the State Revenue Committee, in the first half of 2024, Ameriabank  ranked 6th (versus 4th a year earlier), having paid 17.5 billion AMD  to the state budget, of which 16.5 billion AMD were direct taxes  (including profit tax, income tax).

ArmInfo. The annual campsite  business forum Sevan Startup summit once again gathered investors,  mentors and representatives of innovative startups from around the  world.

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ArmInfo. Euromoney, a leading international financial publication, has named Ameriabank the Best Bank of Armenia in its Awards for Excellence 2024 ceremony in London. This marks the 10th time that Ameriabank has received this prestigious honor since 2011. In addition to the main Award, Ameriabank also received Awards for Excellence as the Best Digital Bank and the Best Bank for SMEs for 2024. These annual awards recognize the performance of banks, digital banking solutions, strategic initiatives, and other achievements across the financial industry from over 100 countries.

ArmInfo. The European Bank for Reconstruction and Development (EBRD) and Ameriabank have signed an agreement enabling Ameriabank to attract trade finance funding from the EBRD in Armenian Drams. This is the first and so far the only agreement of this kind signed by EBRD to date in Armenia. This collaboration aims to enhance Ameriabank's capacity to support local businesses engaged in international trade by ensuring access to stable and localized funding solutions.

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ArmInfo. Zangezur Copper and  Molybdenum Plant (ZCMP) topped the list of 1000 large taxpayers of  Armenia based on the results of the first half of 2024, holding the  lead for the third year in a row. This is evidenced by the data of  the State Revenue Committee of the Republic of Armenia.

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ArmInfo. The Food Safety  Inspectorate (FSI) responded to statements about the ban on export of  Armenian products to Russia, and also responded to concerns about the  sale of products banned from export on the local market. Earlier,  Garnik Danielyan, a member of the RA parliament from the Hayastan  faction, stated with reference to a group of exporters that the  Armenian side has been preventing the export of agricultural products  to Russia for a week now. 

ArmInfo. In Armenia, economic activity growth in the first  half of 2024 slowed to 10.4% per annum (from 11.4% in the same period  of 2023). But 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.

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ArmInfo. Russian Fora-Bank opened a representative office in Armenia at the following  address: Yerevan, P. Byuzand Street 15. As noted in the message of the Central Bank of the Republic of  Armenia, the Fora-Bank representative office received  a certificate of registration from the regulator on  May 15 of this year.

ArmInfo. Armenian producers will  take part in the international WORLD FOOD INDIA fair in New Delhi. It  is organized by the Ministry of Food Processing Industries of India  and is scheduled from 19 to 22 September. The purpose of the fair is  to enhance sustainable development of trade and business activities.