ArmInfo.The inflationary environment in Armenia will continue.  On June 13, Chairman of the Central Bank of Armenia Martin Galstyan expressed a similar opinion  during the meeting of the NA Standing Committee on Financial-Credit  and Budgetary Affairs.

ArmInfo. Tatevik Revazyan left the post of head of the Civil Aviation Committee (CAC). Revazyan herself announced this on her Facebook page.

ArmInfo. After the renovation the capacity of the Upper Lars checkpoint will increase 6.4-fold - 2,500 to 3,000 vehicles, Armenia's Minister of Economy Vahan Kerobyan  following his meeting with his Russian counterpart Maxim Reshetnikov. 

ArmInfo.

ArmInfo.

ArmInfo.Kazakhstan President Kassym-Jomart Tokayev signed the Law of the Republic of Kazakhstan On ratification of the Agreement between the Government of the Republic  of Kazakhstan and the Government of the Republic of Armenia on trade  and economic cooperation in the sphere of petroleum products supplies  to the Republic of Armenia, Kazinform reports.   

ArmInfo. On June 17, Yerevan will host the SILICON MOUNTAINS 2022 international technology summit. The topics for this year are digital transformation, fintech, and cybersecurity.

ArmInfo. The first plane of the Armenian national air carrier Fly Arna arrived at the Yerevan Zvartnots International Airport. RA Prime Minister Nikol Pashinyan  took part in a ceremony dedicated to the official launch of the  airline. 

ArmInfo.Due to the revaluation of the national currency in Armenia, the exporters of agricultural products, beverages, as well as the tourism sector, the IT sector and  developers suffered the most. Chairman of the Mantashyants  Entrepreneurs Union  Vahram Mirakyan wrote about this on his Facebook  page.

ArmInfo.AraratBank will underwrite AMD- and USD-denominated nominal coupon bonds of FINCA UCO CJSC between June 21 and June 27, 2022.  

ArmInfo. In January-April 2022, Armenia`s services sector recorded a 23.5% year-on-year growth against a 2.9% decline last January-April - up to AMD 698.2bln (over  $1.4mln). This April alone, the services sector's proceeds totaled  AMD 194.9bln ($413.9) - a 2.1% growth. 

ArmInfo.More than 50 beneficiaries of the "Skilled Youth for Community Development" two-year grant project got together to meet "HSBC Bank Armenia" CJSC (hereinafter HSBC Armenia or Bank) employees in the Vanadzor Center of "Orran" benevolent non-governmental organization.

ArmInfo.

ArmInfo.In January-April 2022, the turnover of Armenia`s trade sector totaled AMD 1,100bln (over $2.2bln) - 7.8% year-on-year growth against 4.8% last year.  

ArmInfo. The US Agency for International Development (USAID) has developed a roadmap to reform the investment environment in Armenia.

ArmInfo.

ArmInfo.Armenian Minister of Economy Vahan Kerobyan will leave for Georgia on June 10 to discuss and find a solution to the situation at the Upper Lars checkpoint  with Georgian partners, and on the following day a meeting with  Russian partners will be held. This became known following the  briefing of the head of the RA Economic Department.

ArmInfo.Monetary policy should promote the country's economic growth and help manufacturing exporters and the service-providing IT sector. Armenian Minister of  Economy Vahan Kerobyan expressed a similar opinion during a briefing  on June 9. In this regard, he stressed that exporters and the IT  sector are concerned about the revaluation of the dram against the  dollar (by an average of 18% per annum by June 9 this year, ed.  note).

ArmInfo.On June 9, the Armenian government made a number of changes to the "Subsidizing Interest Rates on Loans Provided for the Acquisition (Purchase) of  Agricultural Raw Materials" program.

ArmInfo. Armenia and China are interested in expanding technological cooperation, Armenia's Minister of High-Tech Industry Robert Khachatryan and Chinese Ambassador to Armenia Fan Yong stated following their meeting.