ArmInfo.  Within the framework of the EU4Business "Innovative Tourism and Technology  Development for Armenia" (ITTD) project, 150 companies were established, that received technical and financial support, 126 received grants and more than 350 took part in various ITTD programs.  Vassilis Maragos, head of the EU mission in Armenia, announced during the concluding event held at the National Centre of Chamber Music on February 23.

ArmInfo.

ArmInfo. The Government of Armenia is creating a state non-profit organization (SNCO) G  Solution, responsible for managing information technologies and related systems of the Ministry of Finance and the State Revenue Committee, exchanging data with other departments, performing technical maintenance, as well as performing other functions. The project was approved at a cabinet meeting on February 23.

ArmInfo. Armenia is ideally positioned to offer India an alternative sea trade route, especially  with Europe, Narek Mkrtchyan, the country's minister for Labor and Social Affairs, said on the sidelines of the ninth edition of the Raisina Dialogue in the national capital on Wednesday.

ArmInfo.Armenian Prime Minister Nikol Pashinyan believes that the current government has  fulfilled its election promise on economic growth.

ArmInfo.Reacting to the objective dissatisfaction of citizens, the Armenian authorities decided not to tax Armenian citizens who went to work abroad for a period specified by law if they paid income tax in the country where the income was received, Chairman of the State Revenue Committee Rustam Badasyan stated on February 23 at a meeting of the Cabinet of Ministers.

ArmInfo. From April 2024, the policyholders will be required to indicate the number of their bank  account (card or current), or the account of their authorized representative in the CMTPL (Compulsory Motor Third Party Liability) agreement. This is noted in the message of the Motor Insurers' Bureau of Armenia received by ArmInfo.

ArmInfo. Prime Minister Nikol Pashinyan's working visit to France continues.As the press service of the RA Premier reports, on the morning of February 22, the Prime Minister visited the "Elite Club of Political Dialogue", where he had a meeting with the heads of a group of large  French companies operating in various fields.

ArmInfo. The online service of Telecom Armenia OJSC provides an opportunity for users to purchase  a SIM card in eSIM format through the My Team mobile application, without visiting the service office; remote identification, subscriber registration, and activation of the service occur using a mobile application. The operator provides an opportunity to securely download the application for the eSIM card to the subscriber's  device. 

ArmInfo.Ria Money Transfer international money transfer service has recognized Ardshinbank as the Partner of the Year for achieving great results during 2023 and supporting Ria Money Transfer business growth.

ArmInfo. On February 19, a memorandum of understanding was signed between the Tourism Committee  under the RA Ministry of Economy and Strategic Development Agency NGO within the framework of "Living Landscapes for Market Development in Armenia" project funded by the Swiss Agency for Development and  Cooperation and implemented by the Armenian Branch of the World Wildlife Fund (WWF-Armenia) in cooperation with Strategic Development Agency (SDA).

ArmInfo. Haykaz Fanyan, Director of the Armenian Center for Socio-Economic Studies (ACSES),  said in response to ArmInfo at a press conference organized by the Economic Journalists Club. 

ArmInfo.The overall growth rates of Armenia's international trade turnover for 2023 are marked by unprecedented achievements, however, the structure of exports and imports, unfortunately, indicates the presence of significant imbalances and shifts containing significant long-term macroeconomic risks, Doctor  of Economy Aghasi Tavadyan told ArmInfo. 

ArmInfo.The State Revenue Committee (SRC) of Armenia is discussing with the Ministry of Finance  the issue of applying benefits for certain categories of citizens traveling to work in the Russian Federation. Head of the State Revenue Committee of Armenia Rustam Badasyan stated  on February 21  in a conversation with journalists.

ArmInfo. Armenia's GDP growth slowed down to 8.7% in 2023 (from 12.6% in 2022), amounting to 9.503  trillion drams ($24.2 billion). The GDP deflator index also decreased - to 102.8% from 108% in 2022, according to the data of the RA Statistical Committee published on February 20.

ArmInfo.The profit of the Armenian banking system in 2023 was 230 billion drams, which is 12.5% lower than the year-ago figure. Chairman of the Union of Banks of Armenia Daniel Azatyan stated during a press conference on February 20. He noted that the decline is due to both objective and subjective factors.

ArmInfo.In Armenia, there was an increase in all lending sectors, except for industry, where  the volumes decreased by 1.2%, making 508.9 billion drams. Chairman of the Union of Banks of Armenia Daniel Azatyan stated during a press conference on February 20.

ArmInfo. The HSBC group has been moving its capital and focusing on its preferred markets, as has been the policy in recent years. Only since 2021, as noted by the Chairman of the Union of Banks of Armenia (UBA) Daniel Azatyan during a press conference, the Group has withdrawn from 7 countries, including retail lending in France, the USA, Greece, etc.

ArmInfo. The entry of a bank with an international brand into the financial market of Armenia is always desirable and important, Chairman of the Union of Banks of Armenia Daniel Azatyan stated during the final press conference on February 20, speaking about the deal to acquire Bank of Georgia Group PLC (BOGG) of one of the leading Armenian banks Ameriabank CJSC.

ArmInfo. Armenia will join the agreement of the countries of the Eurasian Economic Union on the mutual recognition of bank guarantees in public procurement. In general, this should facilitate the participation of the Armenian companies from the Republic of Armenia in the state and municipal procurements taking place in the EEU market.