ArmInfo.The Russian ruble began to rapidly depreciate against the US dollar at the end of February amid the Russian-Ukrainian conflict and Western sanctions. Its course rose  to 120 rubles.

ArmInfo.The loss rate for compulsory motor third-party liability insurance (CMTPLI) is going down - 65% in the first half of 2022 against 81% in the first half of  2021, and 73% in 2019. The cause is a 19.7% year-on-year increase in  the number of insurance contracts, which caused a 21.4% increase in  insurance premiums, up to $29mln, with a simultaneous 8.7% decline in  insurance indemnities, down to $18.7mln, the Armenian Motor Insurers'   Bureau reports.  

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ArmInfo. Today FLYONE ARMENIA provides the widest network of flights. Chairman of the Board of the   airline Aram Ananyan stated this during a press conference on July  15.

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ArmInfo.The law " On non-cash transactions ", which came into force on July 1, according to the most conservative estimates, will cost the business about $1 million  per month in bank commissions alone. Economist Karlen Khachatryan  wrote about this on his Facebook page.

ArmInfo. On July 15, Prime Minister of Armenia Nikol Pashinyan received Minister of Transport of the Russian Federation Vitaly Savelyev and the delegation headed by him.

ArmInfo.AraratBank comes up with a completely new offer for AraratBank account holders.

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ArmInfo. Starting July 23, Rossiya Airlines will start operating direct flights on the  Volgograd-Yerevan route. This is stated in the message of the airline.

ArmInfo.The Golden Palace Hotel in Tsaghkadzor will be managed by the world-famous Mercure  brand owned by French  Accor Group . MP from the ruling "Civil  Contract" faction Vagharshak Hakobyan informed about this on his  Facebook page.

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ArmInfo. Equal conditions for producers need to be created for all the Eurasian Economic Union (EAEU) member-states, Artak Kamalyan, Minister in charge of Industry  and Agriculture of the Eurasian Economic Commission, stated at a  meeting of the EEC Board. 

ArmInfo.Armenia's Minister of Territorial Administration Gnel Sanosyan participated in the 60th meeting of the CIS Electric Energy Council. 

ArmInfo.One of the main sources of supply inflation in Armenia is people who arrived from Russia and other countries and created additional demand for goods  and services in the consumer market. Chairman of the Central Bank of  Armenia Martin Galstyan stated this at the meeting of the RA NA  Standing Committee on Financial-Credit and Budgetary Affairs.

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ArmInfo.The economic situation in the member states of the Eurasian Development Bank (EDB) has a multidirectional development. If the economies of Russia and Belarus, under the strong pressure of sanctions, experienced a decrease in business activity,  then economic activity in Kazakhstan, Armenia and Kyrgyzstan, showed  strong dynamics.

ArmInfo. With a significantly stronger -than-expected Q2 indicator and continued observed activity in Q3, economic growth in Armenia this year will exceed EDB's baseline  forecast.

ArmInfo.Armenia is revising the terms of the Development of Irrigated Agriculture in the Ararat and Armavir regions project. The government has approved a relevant  amendment to its agreement with the French Development Agency (FDA)  of April 23, 2020. 

ArmInfo.At a Cabinet meeting on July 14, Syunik Governor Robert Ghukasyan spoke of problems facing the renovation work on the Tatev-Aghvani highway.