ArmInfo. The EU has allocated 2.9 million euros to Armenia for the next 2 years for the implementation of the rebranding process of Armenian cognac(brandy). This was announced in Parliament by Armenian Minister of Economy Gevorg Papoyan. <The process has already been launched>, he emphasized.

ArmInfo.As of the end of May 2024, Armenia has used almost half of the quota of the Eurasian  Economic Union for duty-free import of electric vehicles. This was stated by the RA Minister of Economy Gevorg Paponyan in the National Assembly of the Republic of Armenia on June 4.

ArmInfo.The access to the Indian market is one of the directions of the "Crossroads of Peace"  project. Deputy Foreign Minister Vahan Kostanyan stated on June 4 in the National Assembly of the Republic of Armenia during discussions on the implementation of the last year's budget.

ArmInfo.The RA Ministry of Economy has developed a draft export development strategy. This was  stated by RA Minister of Economy Gevorg Papoyan on June 4 during the discussions on the report on the execution of the 2023 state budget of Armenia.

ArmInfo.The North-South Road Corridor Investment Program, which was planned to be completed within  4-5 years, spending less than $1 billion, has been implemented by 10% to date, and the amount of loans attracted by the end of May 2024 amounted to $800.7 million. At the same time, after 12 years, those responsible for the project are afraid to talk about either the timing of its completion or its final cost.

ArmInfo.

ArmInfo.Economic indicators in the countries of the Eurasian Economic Union are growing, but in order to form common markets, including in the energy sector, qualitative changes in the nature of trade are needed. Deputy Prime Minister of Armenia Mher Grigoryan announced this on June 4 at a meeting of the Eurasian Intergovernmental Council in the Belarusian city of Nesvizh in the Minsk region of Belarus.

ArmInfo. In May of this year, Armenian taxpayers carried out 59.9 million transactions worth AMD  1,086bln. This is stated in the message of the State Revenue Committee of the Republic of Armenia.

ArmInfo. The international food exhibition Sial-2024, which is one of the world's largest export  platforms, will take place in Paris. Armenian companies will present their production at the exhibition under a single pavilion.

ArmInfo.Armenia has addressed the European Peace Foundation with a request for assistance and is  awaiting a response. The Minister of Foreign Affairs of the Republic of Armenia Ararat Mirzoyan stated this on June 4 in the National Assembly of the Republic of Armenia during discussions of the report on the implementation of the country's budget for 2023.

ArmInfo.Armenian food and non-alcoholic beverage producers will take part in the international  exhibition Foodex Saudi-2024.

ArmInfo. An online meeting of representatives of the Chambers of Commerce and Industry and the  business community of Ukraine and Armenia took place.

ArmInfo.The World Bank's Board of Executive Directors approved $40 million in support of the Enabling  the Energy Transition project for Armenia, which will assist the implementation of the Energy Sector Development Strategy to 2040 of the Republic of Armenia.  

ArmInfo. The Ministry of Finance of Armenia has opened a special account to provide assistance  to the population affected by floods.

ArmInfo.Armenia is ready to make every effort to implement all directions to ensure food security  of the Eurasian Economic Union, Deputy Prime Minister of the Republic of Armenia Mher Grigoryan stated in Minsk at the plenary session "Food Security of the EAEU".

ArmInfo. Real estate price indices do not reflect the reality that we have according to the  assessment of our experts, Chairman of the Central Bank of Armenia Martyn Galstyan told a press conference on June 3.

ArmInfo. The ratio of remittances to GDP for 2023 has decreased significantly. Chairman of  the Central Bank of Armenia Martyn Galstyan stated this on June 3 during a press conference.

ArmInfo. Since the beginning of 2024, the number of pensioners using cashback for 10% of non-cash purchases has increased significantly. Minister of Labor and Social Affairs of the Republic of Armenia Narek Mkrtchyan stated on June 3 during parliamentary hearings on the results of the budget implementation of Armenia last year.

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ArmInfo.Armenia intends to join the Asian Infrastructure Investment Bank (AIIB). The Standing Committee on Financial-Credit and Budgetary Affairs of the National Assembly of the Republic of Armenia issued a positive conclusion on the draft agreement with this financial institution at a meeting on June 3.