ArmInfo.

ArmInfo. The Middle East Corridor project announced at the G20 meeting, considering its logistics, is a serious  risk for Turkey's geostrategy. Vahe Davtyan, a PhD in political science and expert in transnational infrastructure project development, shares this opinion, when asked by ArmInfo to comment on the prospects of the new project.

ArmInfo.A reduction in interest rates on loans is possible only if the overall risk  environment softens, which will also adjust deposit rates downward.  Governor of the Central Bank of Armenia, Martin Galstyan, commented  on the possible impact of reducing the refinancing rate on bank  lending rates during a press conference.

ArmInfo.The Central Bank has improved its forecast for 2023 for Armenia's GDP growth from the  previous 6.9% to an updated 7.2%. The new forecast is driven by  strong growth in the construction and services sectors.

ArmInfo.

ArmInfo.

ArmInfo.The Central Bank of Armenia again reduced the refinancing rate this time by 0.5  percentage points - from 10.25% to 9.75%.

ArmInfo. Armenia and Iran intend to intensify cooperation in the tax and customs areas. This  was discussed at the meeting of head of the State Revenue Committee of the Republic of Armenia Rustam Badasyan with the Ambassador of Iran Mehdi Sobhani.

ArmInfo.

ArmInfo.

ArmInfo. Armenia's status as an electricity exporter may decrease significantly, and the time is not far when,  having a nuclear power plant, rich hydropower resources and the potential of solar energy development, the country will simply turn into a net importer of electricity.

ArmInfo.Deflation in Armenia is very negligible due to the moderate reduction in food prices and  rising prices for services. Moreover, among food products, the prices  of sunflower oil, flour, cereals and pasta decreased most noticeably,  while vegetables and fruits had a much smaller deflationary effect.   At the same time, service tariffs continued to rise, slightly more  modestly than last year, with double-digit growth in transportation  and recreation, and medical services began to rise more rapidly.

ArmInfo.If you have a small or mobile business, the SoftPOS application from IDBank is what you need.

ArmInfo. The first 3 tourism clusters in Armenia will be created in Areni, Gyumri and  Dilijan. This was stated by the Minister of Economy of Armenia Vahan  Kerobyan, speaking at the opening of the World Tourism Investment  Forum, held in Armenia in cooperation with the UNWTO (United Nations  World Tourism Organization).

ArmInfo. IDBank completed the primary placement of the next tranche of registered coupon dollar  bonds in the amount of $5 million, issued on July 24, 2023, ahead of schedule. This is noted in the message of IDBank, where it is noted that after listing on the Armenian Stock Exchange, the bonds of this issue (AMANLBB2LER8) will be quoted by the Marketmaker.

ArmInfo.The Russian market approached the opening of the autumn season on an optimistic note. What caused the optimism in the stock market, and whether the indices will be able to stay on the growth trajectory — financier and economist Konstantin Tserazov said in an expert note.

ArmInfo. Work continues in Armenia to develop an Employment Strategy. Deputy Minister of Labor  and Social Affairs of the Republic of Armenia Ruben Sargsyan announced this at a press conference on September 8.

ArmInfo.

ArmInfo.  On September 7, Minister of Foreign Affairs of the Republic of Armenia Ararat  Mirzoyan, who is in Abu Dhabi on an official visit, met with Abdullah bin Zayed Al Nahyan, the Minister of Foreign Affairs of the United Arab Emirates, the press service of the RA MFA reports.

ArmInfo. The Ministry of Economy of Armenia will propose to the government of the country to  extend the process of subsidizing the Novorossiysk-Batumi-  Novorossiysk ferry service. Armenian Minister of Economy Vahan  Kerobyan told reporters on September 7.  To explain his intention, he  mentioned that there is already a positive trend in the context of  container fullness. Today, as Kerobyan noted, the government pays for  each shipment.