ArmInfo.The projects implemented in Armenia jointly with international partners are very  important in terms of their financial component, but the application of the best foreign standards in the country is more important. Deputy Prime Minister Mher Grigoryan announced on November 15 from  the rostrum of the RA National Assembly.

ArmInfo. In the Armenian insurance market, compensation growth continues to accelerate, while  premium growth has slowed, as a result of which market profits have begun to decline, according to the data of the anniversary issue No.75 of the Financial Rating of Insurance Companies of Armenia as of  September 30, 2023, prepared by ArmInfo IC based on published reports  and portfolio data requested from the insurance companies.

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ArmInfo.

ArmInfo.The Public Services Regulatory Commission of Armenia (PSRC) approved the application of  MTS Armenia CJSC (Viva-MTS brand, a subsidiary operator of the Russian MTS PJSC) to complete a transaction to sell shares of the company. ArmInfo was informed about this by the PSRC's press service.

ArmInfo. In 2023, Armenia will experience a significant increase in domestic demand. Governor of the Central Bank of the Republic of Armenia Martin Galstyan stated on November 15 from the rostrum of the National Assembly of the Republic of Armenia.  

ArmInfo.The Crossroads of Peace initiative must become a reality not only for Armenia, but also  for the other states in the region, Armenia's Minister of Finance Vahe Hovhannisyan stated in Parliament. 

ArmInfo.

ArmInfo.Armenia's task is to ensure high-rate economic growth without a considerably growing  inflationary pressure, Armenia's Minister of Finance Vahe Hovhannisyan stated in Parliament. 

ArmInfo. The state budget deficit of Armenia in 2024 will amount to 341.1 billion drams (about $880 million, the estimated US dollar exchange rate is 385.9 dr. per $1) or 3.2% of GDP, against 236.8 billion drams or 2.5% of GDP expected by end of this year and 179.5 billion or 2.1%, actual for 2022.

ArmInfo.Despite the difficult challenges, joy everyone's joy, the economy of Armenia displayed and continues displaying a fairly high resistance, including the effective macro-economic policies and equivalent actions being continuously implemented by the Government and the Central Bank. The RA Minister of Finance Vahe Hovhannisyan said on November 14, presenting for debate in the National Assembly the draft  law on RA State Budget for 2024.

ArmInfo.Indonesia is interested in cooperation with Armenia in the field of medical  tourism. Ambassador of Indonesia to Armenia Arif Muhamad Basalamah stated during a meeting with the Deputy Minister of Economy of Armenia Rafael Gevorgyan.

ArmInfo. FLYONE ARMENIA airline is developing business aviation in Armenia. According to the company's press service, the national air carrier FLYONE ARMENIA becomes the first to be able to provide premium class services in Armenia and abroad, tailored to the needs of business and corporate travelers.

ArmInfo.In 2024, more than 805 billion drams or more than $2 billion will be required to service and repay the debt of the RA government (calculated US dollar exchange rate is 385.9 AMD $1),  and the expenses of the Ministry of Defense will amount to around 560 billion drams. This is stated in the budget report of the draft state budget for the next fiscal year.

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ArmInfo.An analysis of the stability of the RA government's debt shows that although the latter  is stable, manageable and low-risk, it is sensitive to economic growth as well as exchange rate shocks, reads the 2024 budget message.

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ArmInfo.

ArmInfo.The construction project of the Yeghvard reservoir continues to be relevant for the  Armenian government, Deputy Minister of Territorial Administration and Infrastructure of the Republic of Armenia Vache Terteryan stated in Armenia's Parliament on November 14.

ArmInfo.