ArmInfo. In Armenia, economic activity growth in January- December 2024 slowed down to 8% per annum (from 9.4% in 2023 and 14.2% in 2022), but the export and import trends did not change significantly. This is evidenced by the final data from the RA Statistical Committee.

ArmInfo. The Aviation Accidents and Serious Incidents Investigation Department of the Ministry of Territorial Administration and Infrastructure of Armenia has joined the European Civil Aviation Conference's (ECAC) initiative on the .  

ArmInfo. The Armenian authorities are imposing new high tax duties that are strangling small and medium businesses (SMEs). This statement was made by a group of SME representatives protesting at the Armenian government  building on Republic Square against the new Tax Code that took effect  on January 1 of this year.

ArmInfo.

ArmInfo. The gambling industry in Armenia may be subject to a 10% turnover tax in addition to existing taxes and duties. At its meeting on February 5, the RA National Assembly Committee on Economic Affairs issued a positive  opinion in the first reading on the amendments to the Tax Code  submitted by Hayk Sargsyan, a member of the NA from the ruling Civil  Contract faction.  According to the author of the legislative  initiative, over the past 13 years, the turnover of gambling, online  gambling, virtual gambling, lotteries, betting, and activities to  organize online betting has been growing at an alarming rate.

ArmInfo. Although the US presidential elections are already behind us, it is still impossible to make reasonable assumptions about the developments in the global economy, since there is an element of uncertainty regarding the  practical steps of the 47th President of the United States, Donald  Trump. This was stated by the head of macropolitics research at the  Amundi Investment Institute Didier Borowski at the Amundi. Investment  Forecast 2025 conference in Yerevan, presenting the global themes of  the current year and key bright spots that can help investors  overcome the existing problems.

ArmInfo. On the eve of FOODEX JAPAN-2025, the Japan Business Association (ROTOBO) in cooperation with the Vine and Wine Foundation of Armenia (VWFA) organized an online seminar dedicated to Armenian wines in order to present the features of our winemaking on the Japanese market.

ArmInfo. The Armenian authorities are planning to extend the tax breaks for private companies issuing their bonds. The issue was discussed at a meeting  of the RA National Assembly Committee on Economic Issues on February  5.

ArmInfo. Head of the Tourism Committee Lusine Gevorgyan received the Ambassador of India to Armenia Nilaksha Saha Sinha.

ArmInfo. High demand for consumer and mortgage loans is keeping interest rates at the same  level. This was stated by the head of the Central Bank of Armenia, Martin Galstyan, during a press conference on February 4, while responding to a question about how  the reduction in the refinancing  rate is affecting loan interest rates.

ArmInfo. In 2024, Armenian banks experienced a record growth in profits, which is undoubtedly  pleasing, as a portion of these profits will be used to finance the economy, as stated by the Chairman of the Central Bank of the Republic of Armenia, Martin Galstyan, during a press conference on February 4.

ArmInfo.Economic activity in Armenia continues to weaken, approaching the estimated level of  long-term sustainable growth, and there remains high uncertainty regarding the development of the labor market.

ArmInfo. As of January 31, 2025, the Republic of Armenia's consolidated budget has received 249.2 billion drams in tax revenues and state duties, showing a 40.3% increase compared to the same period in 2024.

ArmInfo. The Italian Trade and Investment Agency (Agenzia ICE) is set to open in Armenia. This was announced by the Italian Ambassador to Armenia Alessandro Ferranti during a meeting with the Armenian Minister of Economy,  Gevorg Papoyan.

ArmInfo. GDP growth in Armenia in 2024 is expected to be significantly lower than in 2023. This is the conclusion reached by experts from the Luys Foundation after analyzing the socio-economic development of the Armenian economy from January to December of last year.

ArmInfo. The Republican Union of Employers of Armenia (RUEA) is concerned about the illegal actions taken by a group of employees of Zangezur Copper and Molybdenum Combine CJSC (ZCMC), which have resulted in the disruption of  normal operations at the largest company in the country and the number one taxpayer.

ArmInfo.

ArmInfo. Armenia's public debt in dollar terms increased by approximately $997 million by the end of December 2024, reaching $12. 842.2 billion (up from $11. 845.4 billion by the end of 2023). In dram equivalent, the debt rose from 4 trillion 794.9 billion to 5 trillion 092.7 billion. In particular,  according to data from the Ministry of Finance of the Republic, over  the 12 months of 2024, the government debt in US dollars increased  from $11 billion 294.6 million (at an exchange rate of AMD 404.79per  $/1) to $12 billion 338.2 billion (at AMD387.05 per $/1). In dram  equivalent, the debt increased from 4 trillion 571.9 billion to 4  trillion 892.8 billion drams. The estimated exchange rate of the US  dollar was AMD 396.56 per $/1 (compared to AMD 404.79 at the end of  2023).

ArmInfo. The Central Bank of Armenia continues to reduce the refinancing rate, this time also by 0.25 percentage points - from 7% to 6.75%. In total, from mid-2023 to this day, the key rate has been reduced by 4 percentage points, from a historically high of 10.75% in December 2022. The decision to  further reduce the refinancing rate was made on February 4 at a  meeting of the Central Bank of Armenia Council.

ArmInfo. The members of the Bar Club once again expressed dissatisfaction with the discriminatory tax policy of the Armenian authorities and announced their intention to hold a protest on February 10. This is stated in a statement received by ArmInfo from the Chamber of Advocates.