ArmInfo.AraratBank and MasterCard international payment system launch joint campaign between November 01 and December 25, 2021 followed by a great raffle.

ArmInfo.The expenses of the Prime Minister's Office, including the administrative staff, will be cut by 34.5% in 2022. 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.About 425 million drams will be allocated from the state budget of Armenia for the foreign trips of the President of Armenia in 2022 (about 8.6 million US  dollars, 1 dollar is equal to 493.6 drams). This is stated in the  draft law "On the state budget of the Republic of Armenia for 2022".

ArmInfo. 100% of shares of the Armenian subsidiary of "Rostelecom" company GNC-Alfa are put up for sale. The Chairman of the Public Services Regulatory Commission  (PSRC) Garegin Baghramyan confirmed this information to Lurer.am.  "Application has been received.

ArmInfo.The current development of the Armenian economy indicates weaker than predicted activity, mainly due to a downturn in the agricultural sector and the  expected slowdown in service sector growth due to a new wave of the  pandemic. This is stated in the message of the Central Bank of the  Republic of Armenia, which substantiates in detail the decision taken  on November 2 to maintain the refinancing rate at 7.25%.

ArmInfo. In 2022, according to the draft state budget, allocations to all state structures of the financial and economic block of the government will be increased.  

ArmInfo.Ardshinbank launches a campaign for the customers sending or receiving money through international fast money transfer systems from November 1 to December 30, 2021.

ArmInfo.

ArmInfo.Tax collections of the state budget of Armenia in January- October 2021, compared to the same period last year, increased by 12.7%. Chairman of the State  Revenue Committee (SRC) of the Republic of Armenia Rustam Badasyan  announced this on November 2 at the preliminary hearings of the state  budget for 2022.

ArmInfo. In 2022, the Armenian government plans to collect 262.8 billion drams more taxes than it expects by the end of 2021. Chairman of the State Revenue Committee  (SRC) of the Republic of Armenia Rustam Badasyan announced this on  November 2 at the preliminary hearings of the state budget for 2022.

ArmInfo.At its meeting today, the Board of the Central Bank of Armenia decided to leave the refinancing rate unchanged, at 7.25%,the press service of the Central  Bank of Armenia reports.  According to the source, the rates on  Lombard repo facility and on Deposit facility attracted from banks  remained unchanged - at the level of 8.75% and 5.75%, respectively.

ArmInfo. In 2022, the Armenian authorities will increase funding for the Ministry of Territorial Administration and Infrastructures by more than a third. Minister of  Finance of Armenia Tigran Khachatryan announced this on November 2 at  the joint meetings of the standing committees of the parliament to  discuss the draft state budget for 2022.

ArmInfo. Under the existing conditions, the tools available to the Central Bank of Armenia are insufficient to control inflation. Minister of Economy of Armenia  Vahan Kerobyan expressed a similar opinion during a briefing on  November 2.

ArmInfo.

ArmInfo.Allocations to the Ministry of High-Tech Industry of Armenia in 2022 will increase by 9bln 123mln drams. Minister of Finance of Armenia Tigran Khachatryan  announced this on November 2 at the joint meetings of the standing  committees of the parliament to discuss the draft state budget for  2022.

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.