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ArmInfo. The banking system of Armenia has begun actively lending to the economy and population, but the industrial sector remains the 'Achilles heel' of the loan  portfolio, according to the data of the Financial Rating of Banks of  Armenia as of March 31, 2024, prepared by ArmInfo.

ArmInfo. Representatives of civil society in Armenia will have the opportunity to monitor the  implementation of contracts concluded as a result of procurement procedures.  The decision on this was made at a government meeting on May 23. 

ArmInfo.The year 2023 has become quite successful in terms of effective management of state  property. The Minister of Territorial Administration and Infrastructure of the Republic of Armenia Gnel Sanosyan stated this at a government meeting on May 23, presenting a report on the implementation of the state property management program for 2021-2023 in 2023.

ArmInfo. Armenia is introducing a ban on the export of scrap and goods made of ferrous and non-ferrous metals from the country. The decision on this was made at a meeting of the RA government on May 23.

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ArmInfo.On March 26 of this year, AraratBank started the regular process of placing bonds. The placement, due to be finalized on June 26 as per the terms of the bond issue, was completed on May 17.

ArmInfo.The Ministry of Finance of Armenia is convinced that even after a double increase in the  turnover tax rate, the tax burden of the general taxation system will significantly exceed the burden of the turnover tax, Deputy Minister of Finance of Armenia Arman Poghosyan state in parliament in the first reading, presenting a bill on amendments to the Tax Code of the Republic of Armenia.

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ArmInfo.During March and April 2022, the whole amount gathered by "The Power of One Dram", AMD 10.757.867 was directed to the afforestation program of the "My Forest Armenia" NGO, 16.000 trees were planted, and the first of these trees were directly planted by the companies’ employees.