ArmInfo.

ArmInfo. "HSBC Bank Armenia" CJSC (hereinafter HSBC Armenia / Bank) continues its tradition of the Toy Drive for children from disadvantaged backgrounds in various regions of Armenia. This year the magic of the winter season came alive for over 200 children from the Kotayk region.

ArmInfo. Every year, Idram and IDBank teams prepare gifts and become "Secret Santa" for children in need. This year, the two companies decided to deliver gifts to the children whose families were killed as a result of the painful events in Artsakh. IDBank and Idram employees prepared individual gifts for around 300 children, knowing only the child's name, gender and age.

ArmInfo. The IT sector  faces a problem of hiring highly skilled personnel, Irina Dumanyan,  Chief Executive Officer, Siemens Industry Softwear, said at her  meeting with Armenia's Minister of High-Tech Industry Robert  Khachatryan, who visited the company. 

ArmInfo. Armenia's Minister of Economy Vahan Kerobyan held a meeting with member of the American Chamber of Commerce in Armenia (AmCham) and of Armenia's business community to sum up the year 2023 and discuss programmes of next year.

ArmInfo.

ArmInfo.

ArmInfo. At their meeting, Gennadiy Chyzhykov, President of the Ukrainian Chamber of Commerce and Industry, and Armenia's Ambassador to Ukraine Vladimir Karapetyan discussed bilateral business contracts.

ArmInfo. The Central Bank of Armenia forecasts a decline in export and import volumes by 9.5% and 7.3% for 2024, after a sharp slowdown in growth in 2023 to 22.1- 30% (from 77.7-63.5% in 2022) . But according to the Central Bank's forecast, both exports and imports will grow by 2.6% and 3.2% in 2025. This is noted in the Central Bank's Monetary Policy Program (MPP) for Q4 2023, published at the end of December, where GDP growth expectations for 2023 indicate a less noticeable slowdown in rates to 8.3% (from 12.6% in 2022) and further to 6.1% in 2024 and 5.7% in 2025.

ArmInfo.

ArmInfo. Average y-o-y official inflation in Armenia will decrease to 2% in 2023, from 8.6% in 2022, but will then increase to 2.6% in 2024 and 3.5% in 2025. This is noted in the Central Bank's Monetary Policy Program (MPP) for Q4 2023, published at the end of December, where GDP growth expectations for 2023 indicate a less noticeable slowdown in rates to 8.3% (from 12.6% in 2022) and further to 6.1% in 2024 and 5.7% in 2025.

ArmInfo.

ArmInfo.

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.