ArmInfo.Sepuh-1 will assemble SsangYong crossovers (South Korea). General Director of the National  Body for Standards and Metrology Albert Babayan told ArmInfo correspondent.  , he stressed.

ArmInfo. "Mets Masrik" LLC will receive a license for electricity production at "Arev" solar power  plant. The decision to issue a license was made at the July 19 session of the Public Services Regulatory Commission (PSRC).

ArmInfo.Amundi-Acba made an investment from the assets of Balanced and Conservative pension funds in the first EU-Armenia SME private equity fund that invests in the equity capital of companies operating in various sectors of the RA economy.

ArmInfo.  Exports of cars from Armenia to Russia have soared since last year. This is reported by  the Financial Times.

ArmInfo.  All sectors positively influence the dynamics of economic growth in Armenia, but the services sector still plays the main role. However, monthly data since the beginning of the year show that services growth is gradually slowing down - this is largely due to last year's strong performance and demand adjustment.  This is stated in the regular Macroeconomic Review published today, prepared by analysts of the Eurasian Development Bank (EDB).

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ArmInfo.Iranian Energy Minister Ali Akbar Mehrabian says that Iran and Russia will exchange  electricity through the Republic of Azerbaijan, Mehr reports. 

ArmInfo. July 10 to 15, 2023, saw  a manifold increase in USD transactions, with a decline in RUB  transactions and no EUR transactions effected for the third week  running. Almost daily USD transactions were effected, with two RUB  transactions effected. No transactions were effected on Tuesday. USD  transactions showed a 9.8-fold increase against a 95.7% decline, with  RUB transactions showing a 59.5% decline against a 26.7% decline. As  a result, the total amount of USD transactions exceeded the total  amount of RUB transactions 6-fold, whereas RUB transactions exceeded  USD transactions 4-fold the previous week. 

ArmInfo.Ardshinbank has been honored with the Euromoney magazine 2023 Award of Excellence as “The Best Bank in Armenia”. This recognition is a testament to Ardshinbank's exceptional performance, innovative approaches, and leading position as the largest service provider in the Armenian financial market. The annual Euromoney Awards celebrate banking excellence and innovation, honoring banks that demonstrate strong growth, customer focus and strategic vision.

ArmInfo.How the market lived in 2015, what challenges it faced and what factors influenced it, Konstantin Tserazov, an independent expert, economist, ex-deputy head of global markets at Troika Dialog, told in our interview.

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ArmInfo. The loss ratio of motor third-party liability insurance (MTPL insurance) was 64% in the first half of 2023 against 65% in the first half of 2022, and 81% in 2021and 73% in 2019. This was accompanied by a liberalization of MTPL prices and slightly lower rates of a 2-digit annual increase in the number of MTPL insurance contracts from 19.7% down to 16.3%, and a slower % increase in insurance premiums, from 21.4% down to 6.5%. A 9.8% increase in insurance indemnities (up to $10.7mln) was recorded against an 8.7% decrease.

ArmInfo. An exhibition for wine industry professionals dedicated to Armenian wine and winemakers - ArmWine - has ended in St. Petersburg. The exhibition is held for the second year in a row by the efforts of the Vine and Wine Foundation of Armenia and the ArmWine company.

ArmInfo. The staff of the Yerevan foil-rolling  plant ARMENAL  (part of the world's largest aluminum producers, RUSAL  Company) celebrated its professional holiday - Metallurgist's Day.  This is noted in the message ARMENAL.

ArmInfo. Minister of Economy  Vahan Kerobyan met with Pantelis Leptos, the Co-President  of Leptos  Estates, a major businessman from Cyprus. This was reported by the  press service of the Ministry of Economy. The parties discussed the  possibilities of cooperation.

ArmInfo. Minister of Economy of  Armenia Vahan Kerobyan received the delegation of the United States  International Agency for Development (USAID), headed by Mission   Director of USAID/Armenia John Allelo.

ArmInfo. RA Prime Minister Nikol Pashinyan chaired the regular Cabinet meeting today, the press service of the RA Government reports.  By the decision of the  Government, changes and additions were made to the Law of the  Republic of Armenia "On the State Budget of the Republic of Armenia -  2023" and the decision No. 2111 of the Government of the Republic of  Armenia of December 29, 2022.  Minister of Finance Vahe Hovanisyan  noted that the adoption of the draft decision is due to the  overachievement of budget revenues based on the results of the first  half of 2023, which exceeded the plan for the first half by about 50  billion AMD. As a result, the reserve fund is replenished by 10  billion AMD due to the increase of the tax revenues. "Let me note  that before this, with 10 decisions, our plan had already increased  by around 7.5 billion AMD, the main part of which, approximately 6.5  billion AMD, was allocated to Nagorno Karabakh," said Vahe  Hovhannisyan.  Prime Minister Nikol Pashinyan also referred to an  important decision made in the previous Cabinet meeting, which is  related to the development of the capital market, reminding that a  special place is given to the development of the capital market in  both the 2018 Action Plan and the 2021 Action Plan of the government.   The Prime Minister assured that in the steps aimed at giving a new  impetus to the economic development of Armenia since 2018, the  development of the capital market can become the new component that  will not only become a new stimulus for economic development, but  also a new mechanism of social protection of people.  According to  Deputy Prime Minister Mher Grigoryan, the risks of our country,  according to the assessment of leading international rating  companies, are such that it is very attractive for investments, but  due to the lack of tools, this flow is not realized. According to the  Deputy Prime Minister, the promotion of stock exchange trade is also  a platform for very serious diversified foreign investments.  The  Prime Minister clarified that these mechanisms are very important,  because when a large foreign investor acquires a bond of the Armenian  government, it is, first of all, a confidence in the government and  the country. 

ArmInfo. In the extraordinary  session of July 13, the National Assembly debated the draft law on  ratifying the Agreement concluded in the form of exchange of bids on  the establishment of local offices of the German Agency for  International Cooperation (GIZ) LLC and the Credit Institute for  Reconstruction (KFW).

ArmInfo. A decision on support for the capital market (subsidizing companies' expenses for entering stock exchange) would have been ineffective in 2018, as the companies submitting audit reports for several successive years could be counted on the fingers of one hand at that time, Armenia's Minister of Economy Vahan Kerobyan stated at a Cabinet meeting on July 13.

ArmInfo. In the first half of 2023, Armenia's budget revenues totaled AMD 50bln, Armenia's Minister of Finance Vahe Hovhannisyan stated at a Cabinet meeting on July 13.