ArmInfo.The International Monetary Fund (IMF) has improved its GDP growth forecast for Armenia for 2022 from the previous 1.5% to an updated 5%. This is evidenced  by the Fund's press release received by ArmInfo. The current revised  forecast is presented following the visit of an International  Monetary Fund (IMF) team, led by Iva Petrova to Armenia during June  20-24, 2022. 

ArmInfo. The International Center for Standardization and Certification "HALAL" is expected to be established in Armenia for boosting the exports of Armenian  products to the Near East, ICSC HALAL experts stated at a meting with  representatives of Armenia's business community at the RA Ministry of  Economy. 

ArmInfo.

ArmInfo. Led by Deputy Prime Minister Hambardzum Matevosyan, discussions of program applications for subsidies received from Armenian communities continue.  

ArmInfo.Within the framework of the Memorandum of Understanding concluded between the HAEK CJSC and Rusatom Overseas JSC, a process of discussing the project for the  construction of a new power unit in the territory of the Republic of  Armenia has commenced.

ArmInfo. The US dollar continues to devaluate against the Armenian dram: if it was at the level of 470-480 prior to the Russian-Ukrainian crisis (February 24), and in  early March it jumped to 520, then it began to gradually decline,  approaching the psychologically tangible mark of 400 AMD for one  dollar.

ArmInfo.

ArmInfo.In Armenia, the growth of economic activity accelerated in January-May 2022 to 10.2% per annum (from 4.3% a year earlier), which is accompanied by high growth rates  of exports and imports. In May of this year, by May 2021, economic  activity accelerated growth to 13% (from 10.9% a year earlier), while  increasing by 6.1% in May 2022 (against 2% growth in May 2021 and  5.3% growth in April 2022).

ArmInfo.Armenia is a country of great opportunities. Philip Rose, Executive Director at Asian Development Bank (ADB) for Austria, Germany, Turkey, Luxembourg and  UK, stated this during a meeting with Armenian Finance Minister  Tigran Khachatryan.

ArmInfo. Armenia's government plans renovation of about 500km of roads besides the roads to be renovated under subvention programmes. The government plans to allocate about AMD 47bln (over $115,605,000) for this purpose. 

ArmInfo.

ArmInfo. Shareholders of "ARARATBANK" OJSC decided to pay dividends based on the results of 2021. The decision was made at the recent General Meeting of the  Bank's Shareholders.

ArmInfo.At the end of 2021, the current investment portfolio of the Eurasian Development Bank (EDB) reached its maximum of USD 4.5 billion for all the years of its activity. This was announced at the meeting of the EDB Council held today.

ArmInfo.

ArmInfo. The business community of Armenia, represented by large business associations, called on the economic authorities to take urgent measures to save the businesses that have suffered greatly from the sharp revaluation of the national currency.

ArmInfo.

ArmInfo. On 23 June, 2022 at 13:00 turbine generator ь4, then at 20:56 turbine generator  of the Armenian NPP Unit 2 were connected to the national grid of Armenia,  the press service of the ANPP reports.

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ArmInfo. Armenian Deputy Prime Minister Mher Grigoryan, within the framework of his working visit to Kazakhstan, took part in the meeting of the Council of the Eurasian  Development Bank (EDB). According to the government's official  statement, during the meeting, the participants discussed the EDB's  annual report and the procedure for membership of new participants.

ArmInfo.A delegation led by Chairman of State Revenue Committee Rustam Badasyan is participating in the 139th and 140th annual sessions of World Customs Organization  Council on June 23-25 in Brussels, the press service of the Committee   reports.