ArmInfo.The Armenian government, forecasting a 7% GDP growth by the end of 2022, did not count on opening the borders with Turkey, as well as restarting the  project for the exploitation of the Amulsar gold mine.

ArmInfo. In Armenia, the very slow growth of vehicles with a CMPTL policy restrains the growth of fees. So, according to the Motor Insurers' Bureau of Armenia, in  January-September 2021 their number increased by 1.3% per annum, with  a change of the 3.6% decline a year earlier, but is still much  inferior to the pre-COVID rising rates of 14.3% for the same period  of 2019.

ArmInfo.The budget of the Ministry of Economy of Armenia in 2022 will grow by 26.9% compared to the adjusted budget for 2021. Minister of Finance of Armenia Tigran Khachatryan announced this on November 2 at the joint meetings of the  standing committees of the parliament during the preliminary hearings  of the state budget for 2022.

ArmInfo. The state budget of Armenia does not envisage changes in the tax policy regarding the refusal from the turnover tax. Minister of Finance of Armenia Tigran  Khachatryan announced this on November 2 at the joint meetings of the  standing committees of the parliament during the preliminary hearings  of the state budget for 2022.

ArmInfo. Armenia's gross international reserves (GIS) in September 2021 compared to September 2020 increased by 30.3% or by $ 742.4 million (versus 1.7% growth a  year earlier), amounting to $ 3.192 billion.

ArmInfo.A few years ago, a smart barn was established in Ararat region with the support of Converse Bank. As the owners were not thoroughly familiar with this method of cattle breeding, they decided to start with a small barn.

ArmInfo.

ArmInfo.Ameriabank has signed long-term subordinated loan agreements with total volume of USD 17.5M during recent months, with an option to increase by USD 15M if required. The USD 17.5M sub debt funds, attracted from several partner institutions, qualify as Bank Tier 2 capital under Basel III framework and are aimed at strengthening the overall capital position of the Bank.

ArmInfo.  On October 27-28, 2021, the XVII International Conference of the Association of Eurasian Central Securities Depositories (AECSD) "Reforming Financial Markets" was held online.

ArmInfo. The nominal GDP of Armenia in the conditions of 7% economic growth will grow by about 839 billion drams (about 1.7 billion US dollars, the estimated  exchange rate of the Armenian dram to the dollar is 493.6 drams per 1  dollar) - up to 7.869.4 billion drams.  This is stated in the draft  state budget for 2022, presented for preliminary discussion by the  National Assembly.

ArmInfo. The "Arrangement of the storage area for aluminum slag at the ARMENAL plant" project won first place in the Ecology nomination of the Improvement of the Year competition held by one of the world's largest aluminum companies RUSAL. This is  stated in the message of the press service.

ArmInfo. The budget of the National Security Service (NSS) of Armenia in 2022 will increase by 22.85%, Minister of Finance Tigran Khachatryan said on November 1 at  preliminary budget hearings in parliament.

ArmInfo. Financing of the Armenian Police in 2022 will increase by 2.99%, Armenian Finance Minister Tigran Khachatryan said on November 1 at the preliminary  hearings of the state budget for next year.

ArmInfo.The budget of the Ministry of Emergency Situations of Armenia in 2022 compared to the adjusted budget for 2021 will decrease from 14 billion 216.7 million  drams to 13 billion 975.8 million drams.

ArmInfo.Ameriabank will continue to expand its digital business services. Arpine Harutyunyan, Project Manager of the Innovation and Digital Department of  Ameriabank, told ArmInfo on the sidelines of the DIGITECH forum held  the day before.

ArmInfo.

ArmInfo. Digitalization is one of the main directions of Ameriabank's strategy. In this  direction, the Bank has registered certain successes, having  developed a unique set of digital ecosystems and solutions.

ArmInfo. The construction of the Sisan-Kajaran and Kajaran- Agarak sections envisages the construction of 2 tunnels, 14 large bridges and numerous kilometers  of roads. Deputy Prime Minister of Armenia Suren Papikyan said this,  noting that a tender has already been launched to start construction  work on this site.  

ArmInfo. Since 2018, the Armenian government has consistently increased the share of  investments in subvention programs. Deputy Prime Minister of Armenia  Suren Papikyan, who previously held the post of Minister of  Territorial Administration and Infrastructures, said this in an  interview with Public Television.

ArmInfo.The construction of a large copper smelter requires a large amount of energy resources, for the satisfaction of which new opportunities are needed. Deputy  Prime Minister of Armenia Suren Papikyan stated this in an interview  with Public Television. In this regard, he said that today Armenia is  studying the possibilities of building new small-scale modular units  with a capacity of 55 and 100 MW.