ArmInfo. As of February 1, 2024, the electricity tariff will remain unchanged in Armenia. The decision was made on December 27 at a meeting of the RA Public Services Regulatory Commission (PSRC).

ArmInfo. "We are now in a  history book, and 2023 is a turning point for human history in the  context of the development of artificial intelligence," Armenia's  Minister of Economy Vahan Kerobyan told Business FM. 

ArmInfo. Labor productivity  in Armenia at the end of 2023 will be $9.8 per hour, Armenia's  Minister of Economy Vahan Kerobyan told Business FM. 

ArmInfo.

ArmInfo.

ArmInfo. In 2023, 1,716 organizations and private  entrepreneurs submitted applications for tax benefits in the IT sector, of which about 80% were approved. In total, since 2015, 4,133 IT companies have received tax benefits.

ArmInfo. The representative of the Republic of Kazakhstan,  Bakytzhan Sagintayev, became the new chairman of the board of the Eurasian Economic Commission  (EEC). According to the EEC press service, the corresponding decision was made yesterday at a meeting of  the Supreme Eurasian Economic Council in St. Petersburg.

ArmInfo. At the meeting of December 26, the Yerevan  Council of Elders approved the tariff for parking in the capital. The annual payment will be 160 thousand  drams.

ArmInfo. The experience  gathered by Armenia over the past 2 years in the field of re-export  with Russia may be beneficial for Armenia in the context of  developing relations with Iran. Aram Safaryan, director of the Center  for Russian Studies at Yerevan State University  and coordinator of  the Eurasian Expert Club, said this at a press conference Tuesday.

ArmInfo. From December 25, 2023 to January 30 of the next year, borrowers with gold collateral can participate in the Ardshinbank raffle and win one of 100 gifts.

ArmInfo. Ardshinbank has announced a decision to opt out of traditional New Year corporate celebrations. Instead, the bank will redirect the earmarked funds towards assisting one hundred families from Artsakh who have faced displacement.

ArmInfo. Armenia will remain leader in terms of economic growth in the Eurasian Economic Union (EAEU) next year, according to a forecast by the Eurasian Development Bank (EDB).

ArmInfo. The Armenian authorities are reforming the institution of management of multi-unit apartment buildings (hereinafter: apartment buildings) and are considering transferring these powers to an external manager (outsourcer). At the same time, in order to protect the interests of the residents, the rights and responsibilities of the developer and the apartment owners are clarified. Tanya Arzumanyan, Head of the Department of Housing Fund Management and Communal Infrastructure of the RA Urban Development Committee, told ArmInfo.

ArmInfo. The EAEU and Iran signed a full-scale free trade agreement.

ArmInfo.

ArmInfo. In Armenia, the price  index of industrial products decreased in January-November 2023  compared to the same period in 2022 to 101.7% from last year's  102.9%. This was observed against the backdrop of a slowdown in  annual growth in the industrial sector from 8.4% to 2.1% - to 2.4  trillion drams ($6.2 billion).

ArmInfo. In Armenia, the  growth of economic activity in January-November 2023 slowed to 9.4%  per annum (from last year's 14.4%), accompanied by a very noticeable  slowdown in the upward dynamics of exports and imports.

ArmInfo. Yerevan City Hall plans to replenish public transport with 200 new buses in 2024, Yerevan Mayor Tigran Avinyan stated at a working meeting on December  25

ArmInfo. The number of gainful  jobs reached 737,866 this November 2023, the RA State Revenue  Committee reports. 

ArmInfo. From December 18 to 22, the increase in dollar transactions in the RA foreign exchange interbank was accompanied by a decrease in ruble transactions, parallel to which, after a two-week absence, euro transactions resumed. Thus, the weekly trend in dollar transactions turned from a 36% decline towards 68.2% growth, while the dynamics of ruble transactions turned in the opposite direction - from a 5.8-fold increase towards 83.2% recession. As a result, dollar transactions began to dominate again, prevailing 9.3-fold over ruble transactions and 16.5-fold over euro transactions.