ArmInfo. According to the latest data, the share of small and medium- sized businesses in Armenia's  GDP is about 25%. Meanwhile, in developed countries, this indicator usually varies between 50-60%.

ArmInfo.  Armenia's suspension of funding to the CSTO is not a tragedy; Yerevan is not leaving the  organization. This was stated by Deputy Foreign Minister of the  Russian Federation Alexander Pankin during a session within the  framework of the international economic forumentiteled "Russia -  Islamic World: KazanForum".

ArmInfo. In recent years, the economy of the Republic of Armenia has recorded  a great growth. Since the non-violent Velvet Revolution of 2018, the Armenian economy has grown by almost 30%, state budget revenues have increased by more than 91%, and about 200 thousand jobs have been opened, which means an increase in the total number of jobs by about 37%.

ArmInfo. Despite numerous negative factors, Armenia remains resilient and the economy continues to  record good results, said Odile Renaud-Basso, the President of the European Bank for Reconstruction and Development (EBRD), on May 15 at the Bank's Annual Meeting in Yerevan.

ArmInfo.The European Bank for Reconstruction and Development (EBRD) has improved its GDP growth forecast for Armenia for 2024 from the previous 4.5% to an updated 6.2% (versus actual 8.7% growth in 2023), expecting a slowdown to 4.8% in 2025, according to the Bank's latest Regional Economic Prospects. "Taming inflation"  report, published today.

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.

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.

ArmInfo.

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.

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. 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.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. Consumer demand in the market remains high, but not at a level that would lead to a change  in the monetary policy of the Central Bank of Armenia.  Governor of the Central Bank of the Republic of Armenia Martin Galstyan stated on April 30 during a press conference.

ArmInfo.According to data for 2022, Armenia imports 73% of its energy resources, that is, the level  of energy independence is about 27%. Abgar Budaghyan, head of USAID Armenia's energy security project stated  on April 26 during public discussions on the topic "Prospects for diversification of the energy  sector in Armenia."

ArmInfo.

ArmInfo.