ArmInfo. The salary arrears of the employees of the Nairit Chemical Plant in Yerevan for 2022 will be paid off. The decision on this was made at the meeting of the RA  government on May 5.

ArmInfo. The metallurgy industry of Armenia reduced production by 17% in Q1 2022 instead of growing by 4.1% a year earlier. This is evidenced by the data of the RA  Statistical Committee.

ArmInfo. The Turkish aviation authorities did not allow FLYONE ARMENIA to carry out flights (overflights) to European countries through Turkish airspace. This is  stated in the official statement of the airline.

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ArmInfo.In Q1 2022 8.299.1 thousand tons of aluminum foil were produced in Armenia, which is 4.1% lower than the indicator of a year ago (against a 2.6% decrease  a year earlier).

ArmInfo.The industrial sector of Armenia increased its production volumes by 3.1% per annum in Q1 2022 (against 3.9% decline a year earlier), amounting to 550.7 billion  drams ($1.1 billion). At the same time, in March alone, the volume of  production decreased by 1.3% - to 187.5 billion drams ($377.4  million). This is evidenced by the data of the RA Statistical  Committee.

ArmInfo.International Bank for Reconstruction and Development (IBRD) will grant a 22.6 mln euro loan to Armenia under an education program. At its meeting on Thursday,  Armenia's Cabinet approved the signing of a relevant agreement.

ArmInfo.. January 1 to April 20, 2022, Armenia's trade turnover recorded an AMD 550bln ($1bln) increase as compared with the corresponding period last year,  Armenia's Prime Minister Nikol Pashinyan stated at a Cabinet meeting  on Thursday.  

ArmInfo. Armenia will expand the circle of officials whose property will be subject to verification by the Prosecutor General's Office for legality. This was stated on May  5 at a government meeting by Deputy Minister of Justice Karen  Andreasyan, presenting a draft amendment to the law "On confiscation  of property of illegal origin."

ArmInfo. From June 15, a regular ferry service will be launched for Armenia from the Georgian port of Poti to the Russian Port of Kavkaz . Minister of Economy Vahan  Kerobyan told journalists about this during a briefing on May 5,  referring to the decision of the authorities.

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ArmInfo.On May 4, Armeconombank started the primary placement of regular tranches of dollar and dram nominal, coupon and non-documentary bonds with issue volumes of $  5mln and 1.5bln drams.

ArmInfo. "Rossgostrakh Armenia IC " holds the lead in net insurance premiums, while continuing to lead in net insurance claims as well. This is evidenced by the data of the  Financial Rating of Insurance Companies of Armenia as of March 31,  2022, prepared by ArmInfo IC, based on the results of the first  quarter.

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ArmInfo. More than 90% of companies in Armenia have not succeeded in digitalization. This was stated on May 4 by Minister of Economy of Armenia Vahan Kerobyan  during the international conference entitled: "New business  opportunities within the framework of the EAEU: localization through  cooperation, tools, financing and support" in the "Russian Book  House" in Yerevan.

ArmInfo. Italian entrepreneurs are showing investment interest in the Armenian market. According to the official report of the Ministry of Economy, the head of the  Armenian economic department Vahan Kerobyan held a meeting with  representatives of a number of Italian companies that intend to  implement investment projects in Armenia in various sectors of the  economy.  

ArmInfo. The total profit of insurance companies (ICs) of Armenia for Q1 2022 exceeded 1.2 billion drams (over $2.5 million), with a 4-4.4-fold climb in terms of y-o-y  and quarterly  (against a 2.2-2.5-fold decline in the comparable  periods of 2021).

ArmInfo.The European Union constantly shares the challenges facing Armenia and is ready to continue to assist the government of the country. EU Ambassador  Extraordinary and Plenipotentiary to Armenia Andrea Wiktorin stated  this during a meeting with Armenian Finance Minister Tigran  Khachatryan.

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