ArmInfo.

ArmInfo.The IMF Executive Board completed the first review under the Stand-By Arrangement (SBA) with  Armenia, providing the country with access to about US$24.5 million.

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ArmInfo.Prime Minister of Armenia Nikol Pashinyan participated in the opening ceremony and  panel discussion of the Third Eurasian Congress in Sochi. The Heads of Government of the Russian Federation, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan, Cuba and Azerbaijan also took part in the event.

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ArmInfo. The World Bank has improved its forecast for GDP growth in Armenia for 2023 from the  previous 4.1% to the updated 4.4% (against the actual 12.6% growth in 2022), expecting an acceleration in 2024 to 4.8% and up to 5%. in 2025). This is noted in the WB's Flagship Report on Global Economic Prospects for June 2023.

ArmInfo.The increase of the share of domestic debt in the total government debt up to 47% in Armenia by  May 2023 can be considered from two aspects - both as an achievement by Armenia's economic authorities and their "involuntary" torpedoing economic progress, Armenia's former minister of finance, international expert Vardan Aramyan said in an interview with ArmInfo. 

ArmInfo. At the end of 2023, Armenia will register the second largest economic growth among the  EAEU countries, but at the same time the lowest inflation. This is the forecast of Eurasian Development Bank (EDB) analysts, which is included in the  Macroeconomic Outlook of 6 EAEU member countries published today.

ArmInfo.In January-May 2023, the volume of tax revenues (income and state duty) of the state treasury  of Armenia reached 912.2 billion drams, which is 150.4 billion drams or 19.7% more than in the same period last year.

ArmInfo.Armenia's Minister of Economy Vahan Kerobyan held a meeting with members of the SME  Cooperation Association. 

ArmInfo.The feasibility study of the Dry Port project (Gyumri) is being carried out by a well-known  Dutch company, which won the previously announced tender. Minister of Economy of Armenia Vahan Kerobyan announced in the Parliament on May 30 during discussions on the draft implementation of the law "On the  State Budget of 2022".

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ArmInfo.On May 29, the preliminary debates of the annual report on the implementation of the  2022 state budget of the Republic of Armenia began at the joint  sitting of the standing committees of the National Assembly.  As the  press service of the RA NA reports, Prime Minister Nikol Pashinyan,   NA President Alen Simonyan, the representatives of the legislative  and executive powers attended the sitting.

ArmInfo. A plant producing aluminum radiators will soon be put into operation in Armenia,  Armenia's Minister of Economy Vahan Kerobyan said in an interview with the Public TV of Armenia. 

ArmInfo. Minister of Economy Vahan Kerobyan considers the indicators for foreign direct investment in  the Republic of Armenia to be impressive.

ArmInfo. The European Bank for Reconstruction and Developmemnt (EBRD) has improved the GDP growth  forecast from 4% to 5%, with the same GDP growth rate expected in 2024 (against the previously forecast 4.8%), according to the EBRD Regional Economic Prospects in the EBRD Regions. High inflation weighs on purchasing power of households."

ArmInfo.Capital investments of $800 million and bringing the capacity of solar plants to 2000 MW  from the existing 400 MW will make solar energy the main source of energy in Armenia. President of New Energy Group, former Deputy Minister of Energy and Natural Resources  of Armenia Hayk Harutyunyan, shares this opinion.

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