ArmInfo. 50.5 billion drams  will be allocated from the state budget of Armenia to continue the  construction of the North-South international road corridor in 2023.   Deputy Minister of Territorial and Infrastructures of the Republic of  Armenia Vache Terteryan Administration stated this during the  hearings in the commissions of the National Assembly of the Republic  of Armenia on the draft state budget of the country for 2023.

ArmInfo. At the November 1,  2022 meeting, the Board of the Central Bank of Armenia (CBA) decided  to raise the refinancing rate by 0.5 percentage points, setting it to  10.5% , the press service of the Central Bank of Armenia told  ArmInfo,

ArmInfo. 64.9 billion drams  will be allocated from the state budget of Armenia for the needs of  the RA Ministry of Economy in 2023 financial year. This was stated on  November 1 at the budget hearings in the commissions of the National  Assembly of the Republic of Armenia by  head of the department Vahan  Kerobyan.

ArmInfo. Armenia is showing the initial signs of Dutch disease, says Vahram Mirakyan, Chairman of the Mantashyants entrepreneurs union.

ArmInfo.The draft state budget of Armenia for 2023 provides for economic growth by 7%. This was stated on October 31 by Chairman of the Central Bank of the  Republic of Armenia Martin Galstyan at parliamentary hearings during  the presentation of the draft state budget of Armenia for 2023.

ArmInfo.

ArmInfo.

ArmInfo. 90% of the profit in the banking system of Armenia is formed from income from related services, 90% of consumers of which are non-residents, rather than  from the difference in expenses on loans and deposits. This was  stated by Chairman of the Central Bank of the Republic of Armenia  Martin Galstyan at parliamentary hearings during the presentation of  the draft state budget of Armenia for 2023.

ArmInfo.The level of annual inflation in Armenia reached 9.9% in September, equaling the indicator of the EU countries.

ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo.Next year Armenia's government will focus on maintaining macroeconomic stability, Armenia's Minister of Finance Tigran Khachatryan stated as he  presented the 2023 draft budget to parliamentary commissions. 

ArmInfo. Following the results of 9 months of 2022, the share of the corporate component in the premium portfolios of Armenian insurers, began to prevail over the  retail component even more - 53.8% (25.6 billion drams) against 46.2%  (21.97 billion drams) , while the gap was smaller in a similar  situation a year ago - 51.8% and 48.2%, respectively. According to  the Financial Rating of Insurance Companies of Armenia as of  September 30, 2022, prepared by ArmInfo, the capacity of the  corporate insurance market accelerated growth more noticeably, from  14% to 30.5%, than the capacity of the retail insurance market, from  10.2% to 20.1%.

ArmInfo.

ArmInfo. Keeping the counter-cyclical capital buffer (CBC) at 0% for more than two years, the Central Bank of Armenia, nevertheless considered it expedient to  increase it to 1% of risk-weighted assets. This rule will come into  force on May 1, 2023.

ArmInfo. Insurance companies in Armenia receive profits through insurance mainly from CMPTL and medical insurance - 8.1-7.6 billion drams, to a slightly lesser  extent from property insurance, CASCO, accident insurance - 3.6-1.3  billion drams.

ArmInfo.The implementation of the draft agreement "On Free Trade in Services, Establishment, Activities and Investments" will become an important factor in the  growth of the national economies of the CIS member states. Deputy  Prime Minister of Armenia Mher Grigoryan stated this on October 28 at  a meeting of the CIS heads of government in Astana.

ArmInfo. In the first half of 2022, foreign investments in Armenia's real economy totaled $1.6bln (all types of investments), with a deceleration from the annual 35%  growth to 23%. Direct foreign investments totaled $623mln or 40% of  the total foreign investments, according to the official statistical  data on gross investments, which served as a basis for ArmInfo  experts' calculations of total investments during the first half of  2022 as compared with the corresponding period last year.