ArmInfo.Minister of Territorial Administration and Infrastructures of Armenia (MTAI) Gnel Sanosyan discussed a new agreement on a gas-for-electricity program with  Iranian Petroleum Minister Javad Owji, within the framework of his  working visit to the Islamic Republic of Iran.

ArmInfo.Minister of High-Tech Industry of Armenia Robert Khachatryan, at a meeting with Ambassador of France to Armenia Anne Louyot , highly appreciating the French  rich experience in the technological field, as well as the  effectiveness of previous programs implemented with the Ministry,  stressed the need to deepen bilateral mutually beneficial  cooperation.

ArmInfo. The prospects for cooperation in areas consonant with the policy pursued in the field of agriculture in Armenia were discussed at the Ministry of Economy  of Armenia, with the participation of the World Bank delegation  headed by director of the World Bank (WB) Office in Armenia Carolyn  Geginat.

ArmInfo.Prices for food and energy are expected to stay at high level. This forecast was made by Deputy Chairman of the Central Bank Hovhannes Khachatryan on May 16 at a meeting of the RA Standing Committee on Financial-Credit and Budgetary Affairs  during the presentation of the annual report on the activities of the  Central Bank of Armenia.  

ArmInfo.In Armenia, the number of vehicles with a CMPTL policy increased in January-April 2022 more significantly than in the pre-Covid comparable period, which allowed the volume of insurance premiums to exceed the upward trend of two  years ago.

ArmInfo. Evocabank is starting to implement a number of digital projects aimed at providing financial services within the framework of innovative financial  technologies.  This became known within the framework of the  memorandum of cooperation signed today by Chairman of the Management Board of Evocabank  Karen Yeghiazaryan.

ArmInfo. Remittances of Armenian labor migrants from Russia decreased, while transfers of Russians staying in the RA increased. Deputy Chairman of the Central Bank Hovhannes Khachatryan stated on May 16 at a meeting of the RA Standing  Committee on Financial-Credit and Budgetary Affairs.

ArmInfo.Minister of Territorial Administration and Infrastructures of Armenia (NTAI) Gnel Sanosyan on May 16, within the framework of his working visit to the Islamic  Republic of Iran, met with Minister of Roads and Urban Development of  Iran Rostam Ghasemi.

ArmInfo. Wildberries opened the company's first logistics center in Armenia, thanks to which local business representatives got the opportunity to sell their goods on  the online platform using the <Marketplace> model (from sellers' own  warehouses).

ArmInfo.

ArmInfo.Armenia's Minister of Economy Arman Khojoyan held a meeting with Ms Carolin Geginat, Country Manager of the World Bank (WB) for Armenia. 

ArmInfo.Armenian FM Ararat Mirzoyan held a meeting on May 14 with Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation of the United Arab Emirates (UAE) 

ArmInfo. The World Bank will provide Armenia with a loan of 26.5 million euros to improve the public administration system. On May 13, the Government of Armenia approved the draft law of the Republic of Armenia on the ratification of the  loan agreement of the "Fourth Public Sector Modernization Program  between the International Bank for Reconstruction and Development  (the main lending institution of the WB - ed. note) and the Republic  of Armenia".

ArmInfo. The level of profitability of the Armenian banking system is quite low. This  assessment of the UBA was announced on May 13 at a press conference  by the Executive Director of the Union of Banks of Armenia Seyran  Sargsyan, explaining that the level of profitability of the banking  system is determined by such efficiency ratios as return on equity  (ROE) and return on assets (ROA).

ArmInfo.A multifunctional business complex with unique architectural solutions will be built in Yerevan. The RA Cabinet of Ministers approved the corresponding investment  program presented by Suren and Hasmik Pahlevanyan on May 13.   According to the explanation to the document, the investors presented  an investment program worth 10 million US dollars, which will be  implemented on the territory of the Dzoragyugh ethnographic district,  Kentron administrative community of Yerevan.

ArmInfo.Converse Bank bonds are now also available via our mobile application. Here, in a matter of minutes you can complete the entire purchasing process of the bonds from opening a security account to signing the contract. Full information on bonds placement is also available on the app.

ArmInfo.In Q1 2022, the inflow of transfers from individuals to Armenia increased by 38.2% per annum or by $155 million, reaching $561 million, Deputy Executive Director  of the Union of Banks of Armenia Arman Sargsyan said during a press  conference on May 13.

ArmInfo. The deposits of the banking system of Armenia for the first quarter decreased by 1% or by 42 billion drams, amounting to 3.98 trillion drams. Executive  director of the Union of Banks of Armenia (UBA) Seyran Sargsyan  announced this during a press conference on May 13, while noting that  in y-o-y terms, deposits increased by 7.6% or 281 billion drams.

ArmInfo. The volumes of lending to the Armenia's economy in Q1 2022 have grown in almost all areas. Executive director of the Union of Banks of Armenia (UBA) Seyran  Sargsyan announced on May 13 during a press conference.

ArmInfo. Team Telecom Armenia, one of Armenia's leading telecommunication companies, will start constructing its business data center this year, Hayk Yesayan, CEO, told ArmInfo.