ArmInfo.At its meeting today, the Board of the Central Bank of Armenia decided to reduce the refinancing rate by 0.5 pp, setting it at 8.75%.

ArmInfo.The high-tech sector could offer serious prospects for Armenian-British cooperation, Armenia's Minister of High-Tech Industry Mkhitar Hayrapetyan stated at his meeting with British Ambassador to Armenia  John Gallagher. 

ArmInfo.The Fly Arna airline has officially suspended flights.  

ArmInfo. Artificial intelligence can help companies process and analyze large amounts of  data to make critical decisions and be very beneficial for financial sustainability, but it also comes with a number of challenges. This was stated by Marie Briere, Head of Investor Intelligence and Academic Partnership, Amundi Investment Institute, while presenting a report on "A AI and ESG Talk " at the Acba Economic Forum 2024.

ArmInfo. Since January 2023, a total of about 16 thousand labor migrants from India have arrived in Armenia. Deputy Governor of the Central Bank of Armenia (CBA) Armen Nurbekyan said, presenting a report on the country's macroeconomic environment at the Amundi-Acba Economic Forum 2024.

ArmInfo.At the end of 2023, the list of 1000 largest taxpayers of Armenia included 70 IT  companies, which in total replenished the state treasury by 75 billion drams, which exceeds the figure a year ago by 44% or 25 billion drams.

ArmInfo. The second Amundi-Acba Economic Forum 2024 was held in Yerevan on January 24, which brought together thought leaders, industry experts, and innovators to explore and discuss critical topics shaping the economic landscape.  Jean Mazedjian, CEO of Amundi-Acba Asset Management, mentioned during his greeting that, taking into account the results of last year's forum, it was decided to make the event  traditional and hold it every year.

ArmInfo.There are currently no reasons for concern regarding the growth of consumer lending in Armenia. Deputy Governor at Central Bank of Armenia Armen Nurbekyan said, answering questions during a panel session at the economic forum organized by Amundi-ACBA Asset Management, the pension fund  management company.

ArmInfo. Six out of ten regions of Armenia experience almost no GDP growth. Chairman of the  Republican Union of Employers of Armenia, economist Gagik Makaryan said on January 29 during a discussion on the topic "Trends in the economic development of the Republic of Armenia in the context of the  economic distribution of large taxpayers."

ArmInfo. 95% of Armenian IT sector services are exported.  Chairman of the Republican Union of  Employers of Armenia, economist Gagik Makaryan announced during a press conference on January 29, organized by the Club of Economic Journalists.

ArmInfo. The most important sectors of the Armenian economy, which are of strategic importance  for the republic and capable of providing it with long-term and stable economic growth, are targeted by Baku.

ArmInfo. If in 2022 the list of 1000 largest taxpayers in Armenia included 8 mining organizations,  then in 2023 there were already 5 of them. Vardan Janyan, First Deputy General Director of Zangezur Copper-Molybdenum Combine CJSC (ZCMC), President of the Union of Miners and Metallurgists of Armenia  stated on January 29 b during a discussion on the topic "Trends in the economic development of the Republic of Armenia in the context of the economic distribution of large taxpayers" at the Club of Economic Journalists.

ArmInfo.The taxes paid by TOP-10 of the list of 1000 largest taxpayers of Armenia make up about  20% of the budget; for example, TOP-10 in Germany pay only 2.5% of taxes. In 2021, the figure in Armenia was 85%, and in 2022 it was only 58.2%. A 1.5-fold decline indicates successful economic diversification.

ArmInfo.The European Union intends to attract up to EUR10 billion in investments to establish a  transport corridor from Central Asia to Europe through the Transcaucasus and Turkey, bypassing Russia, but so far Brussels is ready to allocate only EURO 2.97 billion for these purposes in the form of two credit lines from the European Investment Bank (EIB ) and the European Bank for Reconstruction and Development (EBRD), informs  the statement of the European Commission, made within the framework of the Investors Forum for EU-Central Asia Transport Connectivity  that opened in the Belgian capital.

ArmInfo.Digital fuel cards are already available at a number of filling stations, which means you can save more by getting affordable fuel.

ArmInfo.Ardshinbank CJSC has chosen OLYMPIC Banking System to support its securities and forex operations.

ArmInfo. Iran is ready to offer its services in construction of reservoirs in Armenia, Iranian  Ambassador to Armenia Mehdi Sobhani stated at his meeting with Armenia's Deputy Minister of Territorial Administration and Infrastructure Vache Terteryan. 

ArmInfo. In 2021-2022, a fivefold increase in money transfers from Russia to Armenia was recorded - from $867 million to $4,385mln. However, the reasons for opening accounts in Armenia were, among other things, gaining access to international payment systems, Russian Vice-Premier Alexey Overchuk stated this in an interview with Expert magazine, speaking about the advantages of the Eurasian Economic Union (EAEU) over the EU.

ArmInfo.The results of 2023 indicate that the real (export) economy has "lost" its position to non-export industries, which are experiencing a temporary boom under the influence of exogenous factors, Former head of the State Revenue Committee of Armenia Davit Ananyan wrote on his Facebook account, commenting on the "List of the 1000 largest taxpayers of the Republic of Armenia" recently published by the tax authority.

ArmInfo.Armenia must, within one and a half to two years maximum, decide on the further format for the development of its nuclear energy, General Director of the Rosatom state corporation Alexey Likhachev said in an interview with the Rossiya 24 TV channel.