ArmInfo.Armenia's Parliament is discussing the final version of the 2024 draft budget. 

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ArmInfo.The second Public Sector Innovation Forum on the topic: Innovation in Action: Leading  Change and Transformation organized by the UNDP (United Nations Development Program), within the framework of the Mayors for Economic Growth Facility  initiative funded by the EU, took place in Yerevan  today.

ArmInfo. Armenia could serve as a bridge between India, Iran and EAEU member-states, Armenia's  Deputy FM Mnatsakan Safaryan stated at the conference entitled "New Regional Realities and the 'Crossroads of Peace'" which has opened in Yerevan.

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ArmInfo. The Ministry of Finance intends to delegate the powers of management, accounting, storage, alienation, sale, purchase of precious metals and stones stored in state and national reserves to other government agencies, Armenia's Deputy Minister of Finance Eduard Hakobyan stated at a meeting of the Committee on Economic Affairs, RA Parliament. 

ArmInfo.On the initiative of Armenia's Ministry of Economy, the Eurasian Economic Commission  discussed the situation at the Upper Lars checkpoint. 

ArmInfo.By the decision of the "Telcell" company’s board of directors, Artyom Ghazaryan was appointed CEO of the company. Prior to this, he held the position of Commercial Director of the company.

ArmInfo.The situation at the Upper Lars checkpoint is a show of muscle on Moscow's part, which  could be very costly for the Armenian manufacturer on the eve of the New Year holidays. At the same time, the economic authorities of Armenia themselves are insincere in communicating with the local producer, Gagik Makaryan, Chairman of the Republican Union of Employers of Armenia (RUEA), told ArmInfo. 

ArmInfo.Thanks to the teamwork of the telecommunications company Team Telecom Armenia, an  ultra-powerful NGN network with a speed of 25 Gb/s is already available in all major cities of Syunik (Sisian, Kapan, Goris, Kajaran, Meghri and Agarak) and 21,000 households in the region.

ArmInfo. On the sidelines of the 20th session of the United Nations Industrial Development Organization (UNIDO) General Conference, UNIDO and the Eurasian Development Bank (EDB) reaffirmed their commitment to jointly promote sustainable industrial growth in Central Asia in a Joint Declaration  signed by Gerd Muller, Director General of UNIDO, and Nikolay Podguzov, Chairman of the Management Board of the EDB.

ArmInfo. In Armenia, the procedure for submitting documents to the RA Police on concluding an  agreement on Compulsory Motor Third Party Liability for fined drivers will be simplified. At a meeting on December 4, the RA National Assembly Standing Committee on Defense and Security issued a positive  opinion on the draft amendments to the Code of Administrative Offences.

ArmInfo.Fly Arna national air needs additional funding.  Armenian Minister of Economy Vahan  Kerobyan told reporters during a briefing on December 1, answering a question regarding the possible cessation of flights by the airline in Armenia.  "I do not have such information. I know that the company needs additional financing, and this issue is now being discussed. I think appropriate solutions will be found. We are working with the company," the minister noted.

ArmInfo.Today, it is no longer possible to develop innovations based on platform technologies, which Armenian startups used for a long time to develop applications. A similar assessment was voiced by co-founder and  managing partner of Granatus Ventures, Manuk Hergnyan, during a panel discussion on the topic "Strengthening science: A bridge between science and business" as part of the "Days of Science and Business 2023" conference.

ArmInfo. Armenia has high human potential in the context of scientific thought, but in recent  years it has not made a big impact on the field, which certainly affects the deterioration of the condition of scientists, both materially and mentally. A similar opinion was expressed by Irina Dumanyan, General Director of the Armenian branch of Siemens, during a panel discussion on the topic "Strengthening Science: The Bridge  between Science and Business" at the "Days of Science and Business 2023" conference on December 1.

ArmInfo.Ardshinbank has been distinguished as the Bank of the Year in the country for 2023 by The Banker, a renowned international financial publication under the Financial Times Group. In a comprehensive evaluation, financial organizations were rigorously assessed across various performance criteria, including growth, profitability, operational efficiency, asset quality, liquidity, and reliability, among others.