ArmInfo.

ArmInfo.To help smaller businesses in Armenia thrive, IFC is providing a new $15 million loan to Evocabank, that will help support growth and job creation amid the lingering impacts of COVID-19.

ArmInfo.Chairman of State Revenue Committee Rustam Badasyan received IMF Mission Chief for Armenia Iva Petrova. IMF Resident Representative for Armenia Mehdi  Raissii and international experts participated in the meeting as part  of the IMF delegation.

ArmInfo.The Azerbaijani Armed Forces fired at high-voltage power lines through which Armenia supplies electricity to Iran in large volumes. Minister of  Territorial Administration and Infrastructures Gnel Sanosyan stated  this on September 29 at a meeting with ambassadors accredited in  Armenia in the village of Kut, Gegharkunik region of Armenia.

ArmInfo. After a large-scale military aggression by the Azerbaijani armed forces on  the night of September 13, the activity of the Sotk gold mine was  stopped.  Governor of Gegharkunik region Karen Sargsyan announced  this to journalists on September 29 during a study visit of foreign  diplomats to familiarize themselves with the consequences of the  Azerbaijani attack on peaceful settlements.

ArmInfo. In the new forecast for 2022, the Central Bank further improved its expectations for the unemployment rate in Armenia. It is expected that it will decrease to  14.1% (from 15.3% in 2021), against the previously forecasted decline  to 14.8%. But in the medium term, the unemployment rate is expected  to rise to 15%, which is also below the previously indicated forecast  range of 15-16%.

ArmInfo.

ArmInfo.From December 15, FLYONE ARMENIA will start operating flights on the  Yerevan-Milan-Yerevan route. This is stated in the message of  "Armenia" International Airports" CJSC.

ArmInfo. As of September 29, the taxes collected in Armenia were about 180 million dollars more than the figure planned for January-September of this year. Chairman  of the State Revenue Committee (SRC) of Armenia Rustam Badasyan  stated this on September 29 at a government meeting.

ArmInfo.In 2023, Armenia plans to significantly increase capital expenditures to improve  infrastructures. This was stated by Minister of Finance Tigran  Khachatryan, presenting the draft state budget for 2023 at a  government meeting on September 29.

ArmInfo. Yerevan has become one of the most popular destinations for Red Wings passengers.  This is evidenced by the data of the air carrier.

ArmInfo.

ArmInfo. In 2023, government debt will be reduced to 50% of GDP, from expected 60.3% in 2021 and 53% by the end of 2022. This was stated by Minister of Finance Tigran  Khachatryan, presenting the draft state budget for 2023 at a  government meeting on September 29.

ArmInfo.Armenia will close this year with an economic growth of 11%-12% against the budgeted 7%, Armenia's Minister of Finance Tigran Khachatryan stated on Thursday  as he presented the 2023 draft budget. 

ArmInfo. The Yerevan Municipality and the Asian Development Bank (ADB) are discussing new areas of cooperation.

ArmInfo. Armenia's Vice-Premier Hambardzum Matevosyan chaired a meeting of the  Management Board of the North-South Road Corridor Programme - the  renovation and improvement work on the Vanadzor-Alaverdi-Georgian  border highway, investment programme of stable urban development and  Northern corridor organization programme. 

ArmInfo.

ArmInfo. RA Prime Minister Nikol Pashinyan chaired a consultation at the government on the macroeconomic, fiscal and expenditure framework of the 2023 draft  state budget, the Prime Minister's press service reports.

ArmInfo. With its new forecast for 2022, the Central Bank of Armenia,, further reduced the decline in net inflow of transfers (including income of seasonal  workers and private transfers) from the previous 13% to 7% (against  an actual 54% growth in 2021), based on estimates of more positive  changes in the Russian economy, the projected decline of which is  reduced from the previously expected 7.4%).

ArmInfo. The Central Bank of Armenia forecasts a slowdown in GDP growth in 2022-2023 from 12.9% to 4.4%, and a decrease in inflation from 10.3% to the target 4%.  This  is noted in the Monetary Policy Program (MPP) of the Central Bank for  the third quarter of 2022, published at the end of September.