ArmInfo. Historically, Armenia and Russia have had friendly relations. Deputy Prime Minister  of the Russian Federation Alexey Overchuk stated on December 15 at a meeting of the Armenian-Russian intergovernmental commission on economic cooperation.

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ArmInfo.By December 1, 2023, the loss ratio for Compulsory Motor Third Party Liability (CMTPL) in  the insurance market of Armenia, increased to 70% from last year's 65%, according to the data from the Motor Insurers' Bureau of Armenia.  An increase in the coefficient began to be noticed in April of this year against the background of the transition to the liberalization of PPP tariffs.

ArmInfo. Japan has introduced a new package of anti- Russian sanctions, which includes a  ban on imports of non-industrial Russian diamonds, export restrictions, and asset freezes, the country's Ministry of Economy and Trade said.

ArmInfo.Russia has admitted violations of a number of clauses of the Armenian-Russian agreement  on cooperation in the field of television broadcasting. This is stated in the message of the Ministry of High-Technological Industry of Armenia.

ArmInfo.The Armenian-American metallurgical plant in Yeraskh (Ararat region), which was regularly  targeted by the Azerbaijani side, will be relocated and built in Ararat village of Ararat region, RA. The corresponding decision was made on December 14 at a meeting of the Armenian government.

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ArmInfo.The signing of a peace treaty between Armenia and Azerbaijan is very important, as is the establishment of diplomatic relations between these countries.  Asset Assavbayev, Secretary-General of TRACECA told reporters today, on the sidelines of a Ministerial Meeting of Landlocked Developing  Countries, answering a question about blocking access to the seas by Azerbaijan and Turkey.

ArmInfo.For the second year in a row, the Armenian economy will become the leader in terms of economic growth among the countries in the region. According to estimates by the Eurasian Development Bank (EDB), the country's GDP growth at the end of 2023 will be 8.3% (against the previously projected 7.5%). Alexey Kuznetsov, Head of EDB Research Department, announced on Thursday in Almaty, presenting the EDB Macroeconomic  Outlook 2024-2026.

ArmInfo.RA Prime Minister Nikol Pashinyan participated in the Ministerial Meeting of Landlocked  Developing Countries, entitled "Promoting equal, affordable and inclusive transport connectivity for stable and resilient economies", one of the largest events ever organized in Armenia jointly with the United Nations.

ArmInfo.The Eurasian Development Bank (EDB) treats the Amulsar project in Armenia very  carefully and cautiously. Denis Ilyin, Deputy Chairman of the EDB Board, stated this on December 14 in Almaty, summing up the results of the Bank's year of activity.

ArmInfo. All projects of the Eurasian Development Bank (EDB) in Armenia are relatively large.  Nikolai Podguzov, Chairman of the Board of the EDB, stated this on December 14 in Almaty, summing up the Bank's activities this year.

ArmInfo. Yerevan will host the first investment forum "Armenia's capital markets: looking into  the future", March 5, 2004, Freedom Broker, organizer of the forum, reports. 

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ArmInfo.Ameriabank CEO Artak Hanesyan’s interview with Global Finance magazine

ArmInfo.Moody's Investors Service ("Moody's") has today upgraded IDBank's long-term local and foreign currency bank deposit ratings to B1 from B2 and changed the outlook on these ratings to stable from positive.

ArmInfo. The International Monetary Fund (IMF) forecasts per capita GDP growth in Armenia in 2023 to $8,029 (from actual $6,569 in 2022), with further y-o-y increases to $8,352 in 2024 and $8,967 in 2025. IMF reports, also providing an improved forecast for Armenia's GDP growth for 2023 from the previous 5.5% to an updated 7%, with a slowdown to 5% in 2024 and to 4.5% in 2025.

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ArmInfo. The International Monetary Fund (IMF) has opened Armenia's access to a loan of approximately $24.4 million (SDR 18.4 million) under the Stand-by Agreement (SBA), bringing the total access amount to approximately $73.3 million (SDR 55.2 million).  also providing an improved forecast for Armenia's GDP growth for 2023 from the previous 5.5% to an updated 7%, with a slowdown in 2024 to 5% (as previously expected). In terms of inflation, the IMF points to its rapid decline in Armenia, and predicts a return to the target threshold of 4% by mid-2024 and stabilization near this level.