ArmInfo. As part of an earlier meeting between Head of Food Safety Inspectorate of Armenia, Armen  Hayrapetyan, and Sergei Dankvert,  Head of the Federal Agency for Veterinary and Phytosanitary Supervision of Russia, a significant increase in the supply of fruits and vegetables from the Republic of  Armenia to the Russian Federation was recorded.

ArmInfo. The growth potential of Armenia's GDP generation increased to 5.5-6%. Armenian Finance  Minister Vahe Hovhannisyan assured an ArmInfo correspondent of this on May 14 on the sidelines of the Annual Meeting of the European Bank for Reconstruction and Development in Yerevan.

ArmInfo. The European Bank for Reconstruction and Development (EBRD) is lending EUR10 million to  Armenia to finance the construction of a customs and logistics centre  in the Syunik region. The Bank will also provide a EUR2 million  investment grant via its Shareholder Special Fund to co-finance the  project, the bank's press service reports.

ArmInfo. The Board of the Eurasian Economic Commission adopted changes to the procedure for  filling out an application for the release of goods before filing a declaration for goods and the structure of this document.

ArmInfo. 75% of Armenia's exports in Q1 of 2024, were precious and semi-precious stones and metals. An  increase in gold re-exports has been observed since November 2023.  This circumstance contains great risks, because economic growth is currently exogenous, and in the event of a change in any of the  external incentives, as well as a significant decrease in gold re-exports, the Armenian economy will become vulnerable. A similar assessment was made by Associate Professor of the Armenian State University of Economics, economist Aghasi Tavadyan.

ArmInfo. Analyzing data on Armenian state budget revenues for the first quarter of 2024, head of the  ACSES Analytical Center Haykaz Fanyan suggests thinking about increasing the tax burden on jewelry market participants.

ArmInfo. The short-term windfall impacts of human and  financial relocations on the Armenian economy should be expanded and  sustained, giving it a sustainable effect. This opinion was expressed  by Rector of the Russian-Armenian University (RAU), doctor of  Economic Sciences of the Republic of Armenia and the Russian  Federation, Professor Edward Sandoyan, speaking at the International  Scientific Conference at RAU recently.

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ArmInfo. At a meeting on May 2, the Armenian Cabinet approved the draft law "On the ratification of the  "Agreement on a harmonized system for determining the origin of goods  exported from the customs territory of the EAEU".

ArmInfo. Market expectations of the CBA policy rate path have not changed materially since the last  decision and continue to reflect expectations of a gradual reduction in the policy rate through the end of the current year.

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ArmInfo.The Board of the Eurasian Economic Commission has made changes to the regulation of  issues of import/export of precious metals and commodities containing precious metals.

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ArmInfo.Sevak Sarukhanyan, Director at the Directorate of Digital Initiatives of the Eurasian Development Bank (EDB), participated in the panel session titled Digital Transformation of Transport: Key Trends and Synergetic Effect at the 11th Asia-Pacific Trade Facilitation Forum, held under the auspices of ESCAP in Samarkand from 2 to 5 April 2024, the EDB Media Centre reports.

ArmInfo.The common energy markets of the EAEU have great potential for successfully confronting  the main challenges in the energy sector in the Eurasian space. This was stated by the director of the energy department of the Eurasian Economic Commission, Vadim Zakrevsky, at the round table "Economic  and legal regulation in the energy sector", held in Kazan as part of the Tatarstan International Forum on Energy and Energy and Resource Efficiency.

ArmInfo.Minister of Industry and Agro-Industrial Complex of the Eurasian Economic Commission Gohar  Barseghyan made a working visit to Armenia, where she held meetings with the Chairman of the Council of the Eurasian Economic Commission, Deputy Prime Minister of the Republic of Armenia Mher Grigoryan, with  the Minister of Economy of the Republic of Armenia Gevorg Papoyan, and with other officials.

ArmInfo. From April 1, 2024, the threshold for duty-free import of goods in Armenia will be lowered to  200 euros (about 85 thousand drams) against the current 200 thousand drams, reports the press service of the State Revenue Committee of the Republic of Armenia.