ArmInfo. Yerevan has not yet made a decision on the construction of a new nuclear power unit of the Armenian Nuclear Power Plant (ANPP) - a nuclear power unit of the Russian-made POI with a capacity of 1200 MW or any other. Chief Executive Director of Armenian Nuclear Power Plant (ANPP) told journalists on July 3.

ArmInfo. A Fund for the Development of the Textile Industry will be established in Armenia with the support of the British government. Rafael Gevorgyan, the Deputy Minister of Economy of Armenia said at the opening ceremony of the first Fashion Week in Yerevan (Yerevan Fashion Week).

ArmInfo. President of the Republic of Armenia Vahagn Khachaturyan received the Ambassador Extraordinary and Plenipotentiary of the Islamic Republic of Iran to Armenia Abbas Badakhshan Zohouri today in connection with completing the diplomatic mission, the press service of the President of Armenia reports.  In his welcome remarks, President Khachaturyan thanked Ambassador Zohouri for his efforts in the development of Armenian-Iranian relations during his diplomatic service.

ArmInfo. The Eurasian Development Bank (EDB) will provide US $26 million for the construction of a new power generation unit at the Hrazdan thermal power plant in Armenia. The loan agreement was signed with H Energy Solutions (Tashir Group).

ArmInfo. Starting from July 2, 2023, Armenian Airlines started operating Yerevan-Istanbul-Yerevan flights. This was reported by "Armenia International Airports" CJSC.

ArmInfo. Visa has announced the  launch of the She's Next digital community platform for female  entrepreneurs from Eastern and Southeastern Europe, Central Asia and  the Caucasus, created in partnership with Emerging Europe, a  prominent growth hub with thorough expertise in the region -  https://shesnext.emergingeurope.org/. 

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ArmInfo.As early as July 1, in the frames of the IDsalary package from IDBank, customers will have an opportunity to cash out free of charge not only at IDBank ATMs, but also at ArCa system banks.

ArmInfo. Today, the minimum  pensions in Armenia will rise to 36 thousand drams (instead of the  previously established AMD 31.6 thousand), which is 99.5% of the  minimum food basket. Armenian Prime Minister Nikol Pashinyan wrote on  his Facebook page.

ArmInfo. The first  Armenian-Japanese business forum was held in Japan, which was  attended by about 100 leading Japanese companies, including  Mitsubishi Heavy Industries, Japan Tobacco Inc., Toyota Caucasus LLC,  a number of banks and representatives of the public sector.

ArmInfo. The opening ceremony of  the InnoIjevan innovation hub took place in Tavush region, which  contains educational and business components.

ArmInfo. On June 26-30, 2023,  transactions in dollars and rubles increased sharply in the interbank  foreign exchange market of Armenia, while transactions in euros  ceased again. Moreover, during the reporting period, four dollars and  the same amount of rubles were transacted. In particular, the weekly  trend of dollar transactions increased 4.1-fold from a 40.6% decline,  the same trend was observed in ruble transactions, the dynamics of  which also increased 2.4-fold from a fall of 16.7%. As a result, the  total weekly volume of transactions in dollars began to dominate even  more than the total volume of transactions in rubles: 4-fold (against  2.3-fold per week).

ArmInfo. Prime Minister Nikol Pashinyan received a delegation led by Joanna Kuenssberg, Deputy Director for the CIS and the Middle East countries of the British-Dutch Shell company.

ArmInfo. Corporate governance is extremely important, especially during crises as, to render assistance, the government must know where the institutional economic bases are concentrated, Armenia's Deputy Minister of Finance Avag Avanesyan stated at an annual conference organized by the Corporate Governance Center, on June 30.

ArmInfo. By June 2023, Armenia's gross international reserves (GIR) accelerated y-o-y growth from 4.7% to 19%, increasing in absolute terms by $597.4 million and reaching $3.749 billion, thereby approaching the historical maximum of $4.112 billion recorded at the end of 2022.  About this evidenced by the data of the Central Bank of the Republic of Armenia, according to which in May of this year alone, GIR increased by 3.1% (or by $112 million), while in Jan-May it decreased by 8.8% (or by $363.1 million).

ArmInfo. On June 30, the Public Services Regulatory Commission (PSRC) of Armenia decided to fine the Electric Networks of Armenia CJSC  to the tune of 20 mln drams (about $51,000 at the current exchange rate).

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ArmInfo. All retirement pensions  will be raised in Armenia from July 1, Anahit Galstyan, Head of the  Pension Department, Ministry of Labor and Social Affairs, told  reporters.  

ArmInfo. In the present-day  geopolitical conditions proper transparency needs to be maintained to  prevent Russia and Belarus from breaking the sanctions, Grzegorz  Piechowiak, Secretary of State in the Ministry of Economic  Development and Technology of Poland, stated at the 7th meeting of  the Armenian-Polish Commission for Economic Cooperation.