ArmInfo. January 27 to 31, 2025, in Armenia's interbank foreign exchange market, three USD and three RUB transactions were effected, with no EUR transactions effected.  USD transactions showed an 87% decline against a 6.4-fold growth the previous week. RUB transactions showed a 23% growth as against an 3.6% decline. The total amount of USD transactions  exceeded that of RUB transactions 1.2-fold as against 12-fold the  previous period. 

ArmInfo.Nominal wages in Armenia from January-December 2024 compared to the same period in  2023 showed a slower growth rate of 6.4% (down from 14.6% in 2023), with an average of 287,172 AMD ($731, compared to $688 in 2023). This is evidenced by preliminary data from the RA Statistics Committee. 

ArmInfo.In Armenia, the industrial price index increased to 103.6% in January-December 2024  from 101.5% in the same period of 2023. This increase was observed against the backdrop of a modest acceleration in the annual growth of industrial sector volumes, rising from 4.1% to 4.7%, with a total  volume of 2.998 trillion drams ($7.6 billion). This is evidenced by  preliminary data from  the RA Statistical Committee. 

ArmInfo.

ArmInfo. Despite all challenges, we are committed to building an effective union that can thrive in modern realities. This was stated by Deputy Prime Minister of Armenia Mher Grigoryan during the expanded format meeting of the Eurasian Intergovernmental Council (EIGC) on January 31 in Almaty.

ArmInfo. Armenia's membership in the Eurasian Economic Union (EAEU) brings specific economic benefits to the republic, which would be nullified in the event of European integration. Russian Foreign Ministry spokesperson Maria Zakharova  made this statement during a weekly briefing on January 31.

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). However, the trends in exports and imports have remained relatively stable. This is evidenced by preliminary data from the RA Statistical Committee. 

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ArmInfo.

ArmInfo. We also have a good life in the EAEU, as confirmed by the figures. Prime Minister Nikol Pashinyan stated this at a press conference on January 31.  On the other hand, he added, the authorities cannot ignore the aspirations of a of the country's population to create  alternatives for Armenia's future as today is a very important phase  for us to talk about the strategic future of our country.  But a  conversation about our strategic future cannot take place if there is  no choice. Pashinyan said.

ArmInfo. The Armenian Deputy Minister of Economy, Edgar Zakaryan, received a delegation from the  French Development Agency (AFD), that arrived to assess the macroeconomic and financial situation in the country.

ArmInfo.

ArmInfo. The state will support exporters in the Armenian processing industry to access the markets of  EU countries and the United Kingdom, as stated by   Minister of Economy Gevorg Papoyan in an interview with Public  Television.

ArmInfo. We will tax some things based on the results of income declarations by individuals, Prime Minister Nikol Pashinyan said at a cabinet meeting on January 30, responding to citizens' concerns.

ArmInfo. Tax control over the activities of companies licensed to operate in the energy and water sectors will be strengthened in Armenia. The decision to this effect was made at a government meeting on January 30.

ArmInfo. Minister of High-Tech Industry of Armenia Mkhitar Hayrapetyan received the Ambassador of Germany to Armenia Claudia Busch.

ArmInfo. Funded by USAID, Ameria Management Advisory, Modex Consulting and international expert Andreas Klassen have developed Armenia's export strategic program, where molybdenum has been included in the list of leading products, as stated by Modex.  According to the source, in the coming years, separate actions are expected that will allow Armenia to strengthen its position on the "world map" of molybdenum producers. In modern industry, molybdenum is often used in alloys, due to its physicochemical properties ensuring the durability and resistance of equipment or individual parts in various corrosive environments, due to which such alloys are widely used in the production of missiles, chemical and pharmaceutical industry equipment, and  complex architectural structures.

ArmInfo. The Ardshinbank CJSC, which is currently in operation, has issued an explanation  regarding the Central Bank of the Republic of Armenia Council's  decision today to liquidate Ardshinbank OJSC (which went bankrupt 23 years ago). The purpose of the explanation is to prevent the spread of misleading information and provide both readers and its clients with accurate and reliable information

ArmInfo. The Central Bank of Armenia has completed the bankruptcy process of Ardshinbank OJSC after 23 years. It began in 2002 and is completely separate from the Ardshinbank CJSC that is currently operating. The Central Bank Council made the relevant decision during a meeting on January 29, 2025.

ArmInfo. On November 27, 2024, the Board of Directors of the ZZangezur Copper Molybdenum Combine (ZCMC) CJSC convened a meeting where, in addition to other issues, proposed to distribute annual dividends to the shareholders of the Company based on the Company's 2023 financial performance, including  profits from previous years, as stated by the press service of the CJSC.