ArmInfo.

ArmInfo. About AMD 23.638bln of the AMD 41.009bln budgeted for 2022 (a 26.9% increase as compared with the 2021 adjusted budget) will be used to cover  agricultural expenses, RA Minister of Economy Vahan Kerobyan stated  at preliminary hearing of the 2022 draft budget by the standing  parliamentary committees. The discussions may result in an increase  in the total amount, he said.  

ArmInfo. The minimum monthly salary is expected to be raised by $35 (current exchange rate) by 2026 - from AMD 68,000 up to 85,000. Armenia's Minister of Labor and Affairs Narek Mkrtchyan sated at the Nov. 5 discussion of the 2022  draft state budget by the standing parliamentary committees, in reply  to oppositional MP Tadevos Avetisyan. 

ArmInfo. Armenia's economic activity in January-September 2021 showed an increase of 4.4% (against a decline of 6.6% a year earlier), while in the pre-COVID  period an increase by 7.1% was recorded (in the same period of 2019).  This is evidenced by the final data of the Statistical Committee of  the Republic of Armenia, according to which the stagnation rates of  industrial production are protracted.

ArmInfo. In the consumer market of Armenia in January-October 2021, 4.2%, inflation was recorded, against deflationary 1% in the same period of 2020. This was provoked  by an increase in the price of food products (including alcohol and  cigarettes) by 5.7% (against a decrease in prices by 3.4% a year  earlier), non-food products - by 6.6% (against a rise in prices by  0.4% a year earlier), and increase in tariffs for services by 1.2%  (as in the previous year). This is evidenced by the data of the RA  Statistical Committee.

ArmInfo.Armenia should exert efforts to struggle for investors now, the well-known economist and banker, member of the Boards of a number of foreign banks Ashot  Osipyan said an in interview with ArmInfo. 

ArmInfo.The Armenian government plans to increase the expenditures of the Ministry of Labor and Social Affairs by 15.1%, RA Minister of Finance Tigran Khachatryan  said on November 5 at a joint meeting of the standing parliamentary  committees to discuss the draft state budget for 2022 in the  parliament.

ArmInfo.

ArmInfo.France is ready to deepen relations with Armenia in the field of high technologies. The Ambassador Extraordinary and Plenipotentiary of France to Armenia  Anne Louyot stated this during a meeting with the Minister of  High-Tech Industry Vahagn Khachatryan.  

ArmInfo. Armenia and Russia are discussing a project to create a copper smelting cluster in Armenia, Armenian Minister of Economy Vahan Kerobyan said on November 4 at a  joint meeting of the standing parliamentary committees to discuss the  draft state budget for 2022 in parliament.

ArmInfo. In 2022, within the framework of cooperation with the Eurasian Economic Union, including with the financial structures of the EAEU - the Eurasian Fund for  Stabilization and Development (EFSD) and the Eurasian Development  Bank (EDB), the state budget project plans to implement 3 programs  with 6 events. Armenian Minister of Finance Tigran Khachatryan stated  this on November 4 at a joint meeting of the standing parliamentary  committees to discuss the draft state budget for 2022.

ArmInfo.

ArmInfo.A.S. Energy LLC will invest 1.65 billion drams for the construction of a  Solar Power Station with an installed capacity of 5 MW in the Gegharkunik region  of Armenia.

ArmInfo. Currently, Armenia is implementing subvention programs with a budget of over 48 billion drams, RA Prime Minister Nikol Pashinyan said. On November 4, the  Armenian government allocated 532 million drams to 9 regional  administrations to finance construction work within the framework of  subvention programs.

ArmInfo. At the end of October, Yerevan hosted the annual but already traditional event in the country's IT industry - DigiTec Expo2021. This time the event  took place in the exhibition area of the Karen Demirchyan Sports and  Concert Complex.

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.