ArmInfo. The change in the  sales tax system is intended to reduce the shadow of big business,  including the return of what was stolen and plundered. This statement  was made by Prime Minister of Armenia Nikol Pashinyan on his Facebook  account. 

ArmInfo. Universal health insurance will be introduced in Armenia, as assured by the Minister of Health Anahit Avanesyan during a meeting with journalists.

ArmInfo.The <Upper Lars> checkpoint is  open for light vehicles, Vahan Hakobyan, customs attache of the  Armenian Embassy in Russia, told ArmInfo. <Traffic has been restored  for cars and passenger transport on the Gudauri-Kobi section of the  Mtskheta-Stepantsminda-Lars international highway. This section of  the road will have non-stop traffic and only through avalanche-proof  tunnels.  He also noted that at the moment, the road is closed only  for trucks. The Georgian Military Highway is currently the only land  route linking Armenia with Russia (through Georgia).

ArmInfo. December 9 to 13,  2024, in Armenia's interbank foreign exchange market daily USD  transactions and one RUB transaction were effected, with no EUR  transactions effected for a month and a half. USD transactions showed  a growth from 53% to a 10-fold growth, with RUB transactions showing  a 87,3% decline against an 2.6% growth.  As a result, dollar  transactions began to dominate again, the total amount of USD  transactions exceeded the total amount of RUB transactions 58-fold.

ArmInfo.As a result of a new partnership between Acba Bank and the International Finance Corporation (IFC),  ACBA will allocate $50 million to finance and develop micro, small and medium enterprises (MSMEs) in Armenia, as noted in a statement by Acba Bank.

ArmInfo. Armenian authorities have issued licenses and permits to the global satellite communications system STARLINK. Mkhitar Hayrapetyan, the Minister of High-Tech Industry of Armenia, shared this information on his  Facebook page.  

ArmInfo. The Eurasian Economic Union (EAEU) currently ensures the economic development of its member  countries. This was stated by Armenian Prime Minister Nikol Pashinyan during a meeting of the Eurasian Intergovernmental Council on December 13.   he noted.

ArmInfo. AraratBank and the European Bank for Reconstruction and Development (EBRD) have signed a USD 10 million loan agreement aimed at promoting green initiatives and competitiveness. The program is implemented in partnership with the European Union (EU), Green Climate Fund (GCF), and Climate Investment Funds (CIF).

ArmInfo.

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ArmInfo. The regular meeting of the head of the department Gevorg Papoyan with Tafadzwa Dube, the Senior Disaster Risk Management Specialist of the World  Bank (WB), and Caroline Geginat, WB Country Manager for Armenia, took  place at the Ministry of Economy.

ArmInfo. In the insurance  market of Armenia, the loss ratio for compulsory motor third-party  insurance increased to the 81.5%  by December 2024, from last year's  70%.  This is evidenced by data from the Bureau of Motor Insurers of  Armenia. The growth of the ratio in January-November 2024 was  observed against the background of a deterioration in the annual  dynamics of the number of active contracts - from 12.8% growth to  0.8% decline, an imperceptible acceleration of the already moderate  growth of insurance premiums - from 3.4% to 9.4%, in parallel with  which a pronounced acceleration of double-digit growth in  compensation was recorded from 15.7% to 21.9%. According to the  Bureau, the number of vehicles with OSAGO policies in  January-November 2024 increased slightly - by only 1.7% y/y, while a  year ago the growth was 9.9%. In quantitative terms, by the beginning  of December 2024, there were 670,527 vehicles with MTPL contracts in  the country, but the number of active contracts was 1.192 million  (minus terminated ones - 1.081 million). 

ArmInfo. Armenia and China  discussed new areas of collaboration in the field of high technologies, as reported by the press service of the Ministry of  High-Tech Industry of Armenia, referring to the results of the  meeting between Deputy Minister Gevorg Mantashyan and the Chinese  delegation led by Zhao Qiuyan, the Inspector of the Eurasian  Department at the Ministry of Commerce of  China.

ArmInfo. The "Upper Lars"  checkpoint is closed for trucks, Vahan Hakobyan, customs attache of  the Armenian Embassy in Russia, told an ArmInfo correspondent.  "The  Cross Pass is closed for trucks in both directions due to heavy  snowfall on the Gudauri-Kobi section of the international highway  Mtskheta-Stepantsminda-Lars," Hakobyan noted. However, he noted that  the road remains open for passenger cars.  The Georgian Military  Highway is currently the only land route connecting Armenia with  Russia (through Georgia).

ArmInfo. As a result  of a new collaboration between Acba bank and the International Finance Corporation (IFC), Acba bank will allocate $50 million to finance and develop micro, small, and medium enterprises (MSMEs) in Armenia.

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ArmInfo.  The Team Group of  Companies announces the acquisition of a controlling stake in Imagine  Broadband, one of Ireland's telecommunications operators.  The deal  was concluded with the major international investment company  Brookfield Corporation, which will continue to operate as a minority  shareholder in the company.

ArmInfo.  By the end of October  2024, Armenia's public debt in dollar terms increased to $12 billion  632.8 million (from $11 billion 845.4 million by the end of 2023). In  dram equivalent, the figure increased from 4 trillion 794.9 billion  to 4 trillion 889.5 billion. 

ArmInfo. Due to the planned  technical inspection work, Armenian Airlines flights will be resumed  only from December 16. This was reported by the press service of the  airline.

ArmInfo. As of December 10,  2024, the consolidated budget of the Republic of Armenia received 2  trillion 173.1 billion drams in tax revenues, which is 83.1% of the  adjusted figure for the year in the amount of 2 trillion 614.9  billion (24.9% of GDP).