ArmInfo.

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.

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. From May 2 of this year, FLYONE ARMENIA airline began operating flights in the  Yerevan-Nice-Yerevan direction.

ArmInfo.

ArmInfo. Armenia has appealed to the World Bank with a request to extend the "Armenia Extractive  Industries Transparency Initiative Support: Additional Financing" program. The corresponding draft decree of the RA President was approved at a government meeting on May 2.

ArmInfo.

ArmInfo. Team Telecom Armenia will support  TUMO's mission (TUMO Center for Creative Technologies)  to make modern technology education accessible to all young people in Armenia.

ArmInfo. Armenia will allocate about 2.4 billion drams (approximately $6.2 million) for the annual meeting  of the European Bank for Reconstruction and Development (EBRD), which will be held from May 14 to 16. The decision was made on May 2 at a meeting of the Cabinet of Ministers.

ArmInfo.

ArmInfo. Armenia should abandon the turnover tax; there should be one taxation system in the republic,  Armenia's Premier Nikol Pashinyan stated on May 2 at a meeting of the Cabinet of Ministers, during which legislative amendments were approved, providing for a double increase in the turnover tax rate.

ArmInfo. A regular process for assessing the effectiveness of budget programs will be introduced in  Armenia. At the plenary meeting on May 2, the National Assembly of the Republic of Armenia adopted amendments to the law "On the Budget System" in the first reading.

ArmInfo. In the fight against poverty in Armenia, stimulating employment is critical. This was  stated by World Bank senior specialist Lea Hakim, presenting the report:  Beyond Boundaries: Unlocking Potential for a Sustainable Future.

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.

ArmInfo. Numerous issues and problems of integration of the EAEU member countries were discussed at the  international scientific conference entitled "Deepening financial integration in the EAEU" held today at the Russian-Armenian University(RAU).

ArmInfo.On April 30, RA Minister of Economy Gevorg Papoyan and General Director of Renshin  LLC Eduard Marutyan signed an agreement on the implementation of the project to build the World Trade Center in Yerevan, the press service of the RA Ministry of Economy reports. 

ArmInfo. During a meeting with the delegation of the Asian Development Bank (ADB), led by Luke Fochtman, Bank's  Deputy Country Director for Armenia, Deputy Minister of Internal Affairs (Ministry of Internal Affairs) of Armenia Arpine Sarkisyan noted the importance of cooperation with ADB in the field of disaster risk management

ArmInfo. On May 2, Acba Bank began the public placement of the next coupon non- documentary dollar and dram bonds in the amount of $5 million and 3 billion drams.