ArmInfo.

ArmInfo.

ArmInfo. The Asian Development Bank (ADB) is currently exploring the possibilities of  establishing a special economic zone in Gyumri. This was reported by  the Bank's press service, citing the visit of an ADB delegation to  Gyumri.  

ArmInfo.

ArmInfo.

ArmInfo. The high technology sector in Armenia will receive state support. The National  Assembly discussed amendments to the law "On state support to the  high technology sector" and to the Tax Code of the Republic of  Armenia during the plenary session on November 14 in the first  reading.

ArmInfo.  "We are constantly looking for friends. But our main task should be to make friends out  of money, as the Bible calls us to," Armenian Prime Minister Nikol  Pashinyan said from the rostrum of the country's parliament on  November 14.

ArmInfo. Armenia has presented its light industry production at the 18th international  exhibition BEE-TOGETHER in Moscow.  

ArmInfo. In order to stimulate exports, the Ministry of Economy of Armenia proposes to reimburse the  amounts of customs duties established upon import of goods, stipulated by the legislation of the importing country. The project was posted today on the unified portal of legal acts edraft.am.

ArmInfo. The first Tumo center in South America is expected to open in the Argentine capital of  Buenos Aires in 2025. This was announced by the Minister of  Education, Science, Culture and Sports (MESC) of Armenia Zhanna  Andreasyan at a meeting with the Minister of Education of Buenos  Aires Maria de las Mercedes Miguel.

ArmInfo.

ArmInfo. Armenia plans to open its trade house in Iran. This was the topic of a conversation  held the day before in Tehran between Deputy Minister of Economy of  the Republic of Armenia Narek Hovakimyan and Deputy Minister of  Industry, Mine and Trade of Iran, Head of Trade Promotion  Organization, Mohammad Ali Dehghan Dehnavi.

ArmInfo. In January-October 2024, 1.92 million tourists visited Armenia, which is 2% lower than  the same period last year. This was reported by the Tourism Committee  of Armenia.

ArmInfo.

ArmInfo.Almost all organizational issues, except for personnel, have been resolved in the "Construction of a new nuclear power unit" company created by the decision of the RA government. This  was stated by Gnel Sanosyan, the RA Minister of Territorial Administration and Infrastructure, during the government hour in the National Assembly on November 13.  

ArmInfo.

ArmInfo. Acba bank and American Express have announced an expansion of their long-standing agreement which grants Acba the license to issue American Express Cards and acquire American Express-accepting merchants. Acba bank has been American Express’ exclusive licensee in Armenia since 2009.

ArmInfo. The Armenian economy continues to experience high growth and successfully  withstand international challenges, as stated by Gevorg Papoyan, the Minister of Economy of Armenia, during his speech at the Parliament on November 13.  In this regard, he referred to the indicators  recorded in the first half of 2024, showing a 6.5% growth in Armenia's GDP. The Minister attributed this growth to an increase in added value in several sectors of the economy.

ArmInfo.  The meeting between the head of the Armenian Foreign Ministry and the managing director of Westinghouse Electric Sweden in Stockholm on November 11, once again demonstrated Yerevan's commitment to transition the Armenian "peaceful atom" to Western rails, a move that poses risks to the country's energy security.

ArmInfo. According to the new forecast from the International Monetary Fund (IMF), inflation in  Armenia is projected to be 1% in 2024 compared to the deflationary rate of 0.6%, and then increase to 3.9% in 2025, coming closer to the target of 4%.