ArmInfo.

ArmInfo.

ArmInfo. Team Telecom Armenia has developed a new Be Free package, which provides the opportunity to  unlimitedly use major video platforms without consuming Internet traffic.  According to the company's press service, this offer covers applications such as YouTube, Netflix, Snapchat, TikTok and other top platforms.

ArmInfo.After two and a half years of recovery and sharp growth in Armenia, a decrease in exports and  imports of almost all services has been recorded since Q4 2023.  This is fraught with losses in terms of the country's balance of payments and ensuring the budgeted 7% GDP growth. Economist Aghasi Tavadyan,  associate professor of the State University of Economics of Armenia, came to this opinion after analyzing the quarterly data of the RA balance of payments.

ArmInfo. As part of the state program to promote the development of industrial crayfish farming for  2024-2026, the first agreement to build a large crab breeding complex was signed  at the Ministry of Economy, between the representatives of the public and private sectors.  According to the press service of  the Ministry of Economy, the total investment amounted to 300 million drams, of which 50% will be provided by the state.

ArmInfo.

ArmInfo.

ArmInfo. Eurowings Airlines launches flights in the Berlin-Yerevan- Berlin direction on May 4, Zvartnots  International Airport CJSC reports.  Flights will operate once a week on Saturdays.

ArmInfo. Russia is introducing a temporary ban on the export of cane or beet sugar and chemically pure  sucrose, reports the Telegram channel of the Russian government.  The restriction will be in effect until August 31, 2024. It is emphasized that this decision is aimed at maintaining the stability of the domestic food market.

ArmInfo.“The Power of One Dram” initiative sums up the program of the April month, as a result of which AMD 3,913,063 gathered will be directed by the beneficiary “4090” fund to the provision of tuition fees for students participating in the four-day and 44-day wars, giving the opportunity to a hundred of young people to change their quality of life through education.

ArmInfo.

ArmInfo.Businesses in Armenia will have more opportunities to invest in green technologies thanks to a US$ 10  million (EUR 9.3 million) loan, which the European Bank for Reconstruction and Development (EBRD) and the Green Climate Fund (GCF) are providing to Inecobank for on-lending to corporates and small and medium-sized enterprises (SMEs) for green investments. This is stated in the official statement of the EBRD.

ArmInfo. Armenia faces a number of challenges that relate to the threat of conflicts, climate change,  private sector development, logistics and public administration. This is stated in the World Bank Beyond Boundaries - Unlocking Potential for a Sustainable Tomorrow report which was presented by World Bank  Senior Specialist Lea Hakim.

ArmInfo.In January-March 2024, state budget revenues amounted to 525 billion drams, against the adjusted  563.1 billion drams and the actual 483.6 billion drams for the same period in 2023. The level of implementation of the adjusted plan was 93.2%. This was reported by the press service of the Ministry of Finance of Armenia.

ArmInfo.

ArmInfo.Ardshinbank CJSC has launched a business loan refinancing program with the possibility of receiving an additional amount for current expenses.  This business loan is designed for RA resident small and medium businesses, who want to lighten their credit load.

ArmInfo. Lea Hakim, Senior Economist in the World Bank's Global Macro and Debt Analytics team  and Program Manager of the Debt Management Facility, posted the following message on her LinkedIn account: 

ArmInfo. On May 2, the Agreement on the mutual recognition of documents on academic degrees in the  states of the Eurasian Economic Union came into force, reported by the press service of the Eurasian Economic Commission.

ArmInfo.During 2021-2023, the number of applications for registration of trademarks received under the  national procedure, as well as the number of international applications for registration of trademarks received under the international procedure (Madrid system), increased, according to a report presented to Prime Minister Nikol Pashinyan at the Intellectual Property Office of the Ministry of Economy during a discussion of the report on the department's activities for 2023.

ArmInfo.Armenia's gross international reserves (GIR), after reaching a record $4.220 billion in August 2023, then began to decline monthly, amounting to $3.304 billion by April 1, 2024. On an annual basis, this figure decreased by 11.3% (or by $420.4 million), in while in 2023, annual growth of 26.7% (or $784 million) was recorded, according to the data by the Central Bank of the Republic of Armenia.