ArmInfo. The United Arab Emirates (UAE) will top the list of Armenia's investment partners for  2023 and will be the 2nd largest trade partner of Armenia, Armenia's Minister of Economy Vahan Kerobyan told Armenia's Public TV. 

ArmInfo.Prime Minister Nikol Pashinyan visited the Statistical Committee to participate in the  discussion of the activity report 2023 of the Committee.

ArmInfo. In 2023, Armenia's public debt increased by 11.4% or 1 billion 207.6 million dollars to  11 billion 845.3 million dollars.

ArmInfo.Armenia, as wine region, attracted the attention of the Wine Enthusiast Magazine, one  of the most respected and quoted authorities in the world of wine and spirits.

ArmInfo. At the first stage, the implementation of the Dry Port project will require investments in the amount of $45 million, of which $7.9 million from the government, $37.1 million from the operating company, Charle Malas, Advisor to Armenia's Minister of Economy told Armenia's Public TV. 

ArmInfo.Armeni's government plans to revise the turnover tax this year and narrow the scope of  beneficiaries of among microbusinesses in 2025. 

ArmInfo.

ArmInfo.Chaired by Prime Minister Nikol Pashinyan, a consultation was held in Jermuk, during  which the works and further steps towards the introduction of comprehensive health insurance were discussed.

ArmInfo.In 2023, Armenia's State Revenue Committee ensured tax revenues totaling AMD 2,200bln  (over $ 5.460bln), which was AMD 296bln or 15.4%, Committee Chairman Rustam Badasyan stated as he presented the 2023 report to Armenia's Premier Nikol Pashinyan. 

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ArmInfo. In order to fully use transit opportunities with Georgia, it is necessary to enter into bilateral negotiations in order to eliminate those measures that are mutually applied to cargo carriers due to the fault of the Armenian side. A similar opinion was expressed by economist Tigran Jrbashyan, presenting the results of the "Ameria" company's "Alternative Wine Export Markets" study.

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ArmInfo. The net profit of Armenian banks dropped by 9.2% in 2023 (after 3-fold increase  in 2022), amounting to 229.8 billion drams ($567.8 million) due to the deterioration of the y-o-y dynamics of non-interest income from a  4-fold increase to an almost 2-fold decline. Moreover, on a quarterly terms, profit began to decrease in Q3, then fell sharply down (-35%) in Q4, according to the data of the Express Ranking of Banks of Armenia as of December 31, 2023, prepared by ArmInfo IC.

ArmInfo. We have not much to boast of, our winemaking industry has not become more export-oriented. Tigran Jrbashyan, Partner, Director of Management Advisory Services at Ameria  said, ppresenting the results of the  "Ameria" company's "Alternative Wine Export Markets" study.

ArmInfo.Converse Bank has been awarded with the “Best Trade Finance Provider in Armenia” for 2024 award by the prestigious Global Finance magazine.

ArmInfo. According to TasteAtlas, a guide to national dishes of the world, which contains authentic recipes, reviews from critics and research articles about popular ingredients and food, Armenia took 69th place among 100 countries of the world. Armenian pomegranate, apricot, cheeses of "Chechil", "Lori", matsun, etc. were identified as the highest rated products.

ArmInfo. In 2023, Russians registered 3,400 companies in Armenia. According to the results of  research conducted by the Finion company experts calculated for Forbes.  

ArmInfo.Armenia is thinking about introducing a new tool for foreign investment in startups. The draft corresponding amendments to the law "On Joint Stock Companies" were approved at a government meeting on January 18.  As stated in the explanation to the document, the goal is to create legal conditions for attracting investments in RA companies through a SAFE contract.

ArmInfo. On January 17, the 31st "Convergence India" Expo, India's largest Tech event kicked off  in the "Pragati Maidan" exhibition complex of New Delhi, the capital of India, the press service of the Ministry of High- Tech Industry reports.  

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