ArmInfo.The European Bank for Reconstruction and Development (EBRD) will extend its geographical  mandate to North Africa (sub-Saharan Africa) and Iraq.  At a meeting on May 13, the RA National Assembly Commission on Financial, Budgetary and Credit Issues issued a positive conclusion on the  amendments submitted by the RA government to the first article on the creation of the Bank.

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ArmInfo.Trade in the Caucasus and Central Asia region could triple and distances could be cut by  half or even a third if certain changes are made, which requires political will. Mr. Alkis  Drakinos , Director, Regional Head of the Caucasus for the European Bank for Reconstruction and Development  (EBRD), stated on May 10, during an event held in Yerevan within the framework of  the IMF "Perspectives of Regional Economic Development" report.

ArmInfo.The overheating of prices in the Armenian real estate market may have ranged from  20-30%. This was stated by Governor of the Central Bank of Armenia Martin Galstyan on May 10, during an event held in Yerevan over the "Perspectives of Regional Economic Development" IMF report, referring  in this regard to the Central Bank's Report on Financial Stability.

ArmInfo. The Ministry of Finance of Armenia reports that as of May 10, decisions have been signed to  write off 469 obligations of individuals who have consumer loans secured by gold.

ArmInfo.In Armenia, four-month inflation of 0.8% was triggered by food and services, which rose in  price by 1.8% and 0.9%, respectively, while non-food products fell in price by 1.6%. This is not much different from last year's picture, when in January-April 2023 inflation of 0.9% came from an increase in  food prices by 1.6% and an increase in the price of services by 1.1%, with a decrease in the price of non-food goods by 1%. This is evidenced by the data of the RA Statistical Committee.

ArmInfo. Deputy Prime Minister of  Armenia Mher Grigoryan received Mr Thanos Arvanitis, the  International Monetary Fund (IMF) Deputy Director of the Middle East  and Central Asia Department. Mr Umang Rawat, the  IMF Resident  Representative for Armenia was also present at the meeting.

ArmInfo. Minister of Economy of  Armenia Gevorg Papoyan, accompanied by Deputy Minister Narek  Hovakimyan, left for a working visit to the United States.

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ArmInfo. The short-term windfall impacts of human and  financial relocations on the Armenian economy should be expanded and  sustained, giving it a sustainable effect. This opinion was expressed  by Rector of the Russian-Armenian University (RAU), doctor of  Economic Sciences of the Republic of Armenia and the Russian  Federation, Professor Edward Sandoyan, speaking at the International  Scientific Conference at RAU recently.

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