ArmInfo.Armenia's government approved on Thursday the proposal for signing a memorandum of understanding between the Governments of Armenia and the United Arab Emirates (UAE) on regulation if labor activities of Armenian  nationals in the UAE. 

ArmInfo.

ArmInfo.From 23 April 2022 Transavia will start operating flights on the route Paris (Orly) -Yerevan- Paris (Orly). The frequency of flights will be twice a  week, every Wednesday and Saturday.

ArmInfo. Given the challenges of the COVID-19 pandemic, foreign direct investment (FDI) in Armenia’s pharma sector can play a catalytic role in stimulating the economy, contributing to a resilient and accessible health care system, reveals a new report produced by IFC in partnership with the UK’s Good Governance Fund. Attracting FDI will also help the country create jobs, improve market competitiveness, and boost exports.

ArmInfo.  The 3-rd International Exhibition of Defense Technologies "ArmHighTech-2022" will be held in the period 31 March - 02 April, 2022 at the Karen  Demirchyan Sports and Concert Complex.

ArmInfo.“Ardshinbank” CJSC informs that an agreement has been reached with “VTB-Armenia Bank” CJSC on the transfer of a part of the retail portfolio of consumer loans. From March 28, Ardshinbank serves a part of VTB-Armenia borrowers - individuals.

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ArmInfo.The reduction in seasonal labor migration, due to the unfavorable economic situation in the Russian Federation, will increase the unemployment rate in  Armenia in 2022 to 16.7%, and in the medium term this figure will  remain in the range of 16.4-16.9%.

ArmInfo.

ArmInfo.

ArmInfo.On March 29, Deputy Prime Minister of Armenia Hambardzum Matevosyan met with Mohamed Jameel Al Ramahi, the CEO of the Emirati "Masdar" company in Dubai, United Arab Emirates.

ArmInfo.In its updated f outlook for 2022, the Central Bank of Armenia forecasts a 20% decrease in the net inflow of remittances in dollar terms(against 54% growth in  2021), due to the foreseeable economic downturn in Russia (by 6%) and  a tangible decrease in the dollar income of seasonal workers. 

ArmInfo. Within the framework of his visit to the United Arab Emirates, on March 29 Deputy Prime Minister Hambardzum Matevosyan met with Rebecca Greenspan,  Secretary-General of the United Nations Conference on Trade and  Development, discussed a wide range of issues of mutual interest, the  press service of the government reports.

ArmInfo. Armenia's government pledged to form a high-tech, inclusive and export-oriented economy, Vice-Premier Hambardzum Matevosyan stated at the Annual Investment Meeting-2022 in Dubai. 

ArmInfo. Armenia's debt to Russia could be settled by means environmental projects, including projects in hydrometeorology and electrical public transport, reads an  official report on the website of the RF President. 

ArmInfo. The Central Bank of Armenia (CBA) has revised its GDP forecast for 2022 from 5.3% down to 1.6% (against the actually recorded 5.7% GDP growth last year), with the exports and imports expected to decline by 1.8% and 0.1%  respectively, and inflation to reach 6.6%. 

ArmInfo. According to the latest data of the Budget Office of the National Assembly of Armenia, as of March 20, tax revenues and the state duty of the state budget of the  Republic of Armenia amounted to 322.1 billion drams, or 81.5% of the  planned indicator for Q12022 in the amount of 394.5 billion drams.

ArmInfo.I believe that active work will be carried out in the EAEU to create general settlement tools similar to the SDR (Special Drawing Right of the IMF). This  opinion was voiced by Alexander Ageev, Doctor of Economics, Head of  the Eurasian Information and Analytical Consortium, Director of the  Institute of Economic Strategies of the Russian Academy of Sciences,  during the "The role and place of Russia and the EAEU in modern  conditions" video bridge.

ArmInfo. It is highly likely that the sanctions of the United States and the collective West will also affect the countries of the EAEU. Alexander Ageev, Doctor of  Economics, Head of the Eurasian Information and Analytical  Consortium, Director of the Institute of Economic Strategies of the  Russian Academy of Sciences, expressed a similar opinion, during the  video bridge: "The Role and Place of Russia and the EAEU in Modern  Conditions".

ArmInfo.