ArmInfo.

ArmInfo.The budget of the Ministry of Foreign Affairs of Armenia (including the cost of maintaining the administrative staff) will grow by about 2% in 2022.  Minister of Finance of the Republic of Armenia Tigran Khachatryan  announced this on November 4 at the preliminary hearings of the draft  state budget of the Republic of Armenia at the joint meeting of the  standing committees of the parliament.

ArmInfo.It was a great pleasure to host Vincent Lehner, Head of Markets at Symbiotics, during his first post-Covid business trip.

ArmInfo. The budget of the National Assembly of Armenia in 2022, in comparison with the indicator approved for the current year, will slightly decrease -  from 6 billion 090 million to 5 billion 952.3 million drams. Minister  of Finance of Armenia Tigran Khachatrian stated this on November 3 at  the preliminary discussions of the state budget at the joint sitting  of the NA Standing Committees.

ArmInfo.The draft state budget provides for 133 billion 644.9 million drams, or about $ 271 million (the estimated exchange rate of the Armenian dram to the dollar is  493.6 drams for 1 US dollar) for the expenditures of public  administration system of Armenia in 2022. Of these, 131 billion 755  million drams will be allocated for current expenses, and 1 billion  889.9 million drams for non-financial (capital) assets.

ArmInfo.AraratBank and MasterCard international payment system launch joint campaign between November 01 and December 25, 2021 followed by a great raffle.

ArmInfo.The expenses of the Prime Minister's Office, including the administrative staff, will be cut by 34.5% in 2022. Minister of Finance of Armenia Tigran  Khachatrian stated this on November 3 at the preliminary discussions  of the state budget at the joint sitting of the NA Standing  Committees.

ArmInfo.About 425 million drams will be allocated from the state budget of Armenia for the foreign trips of the President of Armenia in 2022 (about 8.6 million US  dollars, 1 dollar is equal to 493.6 drams). This is stated in the  draft law "On the state budget of the Republic of Armenia for 2022".

ArmInfo. 100% of shares of the Armenian subsidiary of "Rostelecom" company GNC-Alfa are put up for sale. The Chairman of the Public Services Regulatory Commission  (PSRC) Garegin Baghramyan confirmed this information to Lurer.am.  "Application has been received.

ArmInfo.The current development of the Armenian economy indicates weaker than predicted activity, mainly due to a downturn in the agricultural sector and the  expected slowdown in service sector growth due to a new wave of the  pandemic. This is stated in the message of the Central Bank of the  Republic of Armenia, which substantiates in detail the decision taken  on November 2 to maintain the refinancing rate at 7.25%.

ArmInfo. In 2022, according to the draft state budget, allocations to all state structures of the financial and economic block of the government will be increased.  

ArmInfo.Ardshinbank launches a campaign for the customers sending or receiving money through international fast money transfer systems from November 1 to December 30, 2021.

ArmInfo.

ArmInfo.Tax collections of the state budget of Armenia in January- October 2021, compared to the same period last year, increased by 12.7%. Chairman of the State  Revenue Committee (SRC) of the Republic of Armenia Rustam Badasyan  announced this on November 2 at the preliminary hearings of the state  budget for 2022.

ArmInfo. In 2022, the Armenian government plans to collect 262.8 billion drams more taxes than it expects by the end of 2021. Chairman of the State Revenue Committee  (SRC) of the Republic of Armenia Rustam Badasyan announced this on  November 2 at the preliminary hearings of the state budget for 2022.

ArmInfo.At its meeting today, the Board of the Central Bank of Armenia decided to leave the refinancing rate unchanged, at 7.25%,the press service of the Central  Bank of Armenia reports.  According to the source, the rates on  Lombard repo facility and on Deposit facility attracted from banks  remained unchanged - at the level of 8.75% and 5.75%, respectively.

ArmInfo. In 2022, the Armenian authorities will increase funding for the Ministry of Territorial Administration and Infrastructures by more than a third. Minister of  Finance of Armenia Tigran Khachatryan announced this on November 2 at  the joint meetings of the standing committees of the parliament to  discuss the draft state budget for 2022.

ArmInfo. Under the existing conditions, the tools available to the Central Bank of Armenia are insufficient to control inflation. Minister of Economy of Armenia  Vahan Kerobyan expressed a similar opinion during a briefing on  November 2.

ArmInfo.

ArmInfo.Allocations to the Ministry of High-Tech Industry of Armenia in 2022 will increase by 9bln 123mln drams. Minister of Finance of Armenia Tigran Khachatryan  announced this on November 2 at the joint meetings of the standing  committees of the parliament to discuss the draft state budget for  2022.