ArmInfo. The Ministry of Territorial Administration and Infrastructure is preparing a  strategic document in the field of water resources management, stated Deputy Minister of Territorial Administration and Infrastructures Vache Terteryan during a meeting with delegations of the German  Society for International Cooperation (GIZ) and the German Development Bank (KFW). Deputy head of the department Hakob Vardanyan was also present at the meeting.

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ArmInfo.Armenia's economic activity increased by 10.7 percent in January 2024 compared to January 2023 (versus 10.5% growth a year earlier). In January alone, economic activity decreased by 45.1% (versus a 46.1% decline in January 2023), and the decline was recorded in all areas except the energy complex, according to the final data of the RA Statistical Committee.

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ArmInfo. Due to its geographical location, Armenia should develop markets where goods do not have physical weight, in particular the IT and financial sectors. CEO of Freedom Broker Armenia (a subsidiary of the American Freedom Holding Corporation) Hovak Hovakimyan stated the in a conversation with journalists on the sidelines of the first Investment and Financial Forum.

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ArmInfo. Armenia can become trading hub for foreign securities.  This is a good opportunity. So, in general, private investors, companies, as well as the stock exchange, all of them can participate in it. Director of the Financial Stability Directorate at the Central Bank of Armenia Garegin Gevorgyan stated during the first Investment and Financial Forum, speaking about the current realities arising from the geopolitical situation.

ArmInfo.SPRING PR will again host its annual International Doing Digital Forum (DDF) on 3 April in Yerevan. This year the Forum is entitled “Embracing Opportunities” and will focus on the latest approaches to digital transformation in finance and various business sectors, examine opportunities and the specifics of their localization, and position Armenia as a growing hub for digital transformation within the global technological and business community, thus enhancing the country's competitiveness. Ameriabank is the fintech partner of the forum.

ArmInfo. In Armenia, consumer prices are falling due to cheaper food products, such as cereals,  flour, meat, butter, fish, bread, cheeses, vegetables and fruits. In parallel, an increase in prices for gasoline, alcohol and cigarettes is recorded. In addition, the prices of services continue to increase, especially the tariffs for personal transport services have risen sharply, by the data of the RA Statistical Committee.

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ArmInfo.Starting today, ArmSwissBank will support Google Pay for Mastercard cardholders, enabling them to take advantage of simple and secure contactless payments and digital card storage on both Android and Wear OS devices.

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ArmInfo. In Armenia, the number of virtual terminals (vPOS) by 2024 reached 4,518 thousand, of which  over 51% or 2,322 thousand are used in points of trade, catering and services.

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ArmInfo. Two or three nuclear power units with a capacity of 200 MW each would make it possible to more effectively manage the energy system in Armenia. This was stated at the plenary session of the National Assembly of the Republic of Armenia by  Chairman of the Public Services Regulatory Commission (PSRC) of the Republic of Armenia Garegin Baghramyan.

ArmInfo.At its meeting on February 29, the Government of Armenia approved the proposal to sign  a grant agreement between the Republic of Armenia and the Asian Development Bank "Program for increasing food security adapted to climate change".

ArmInfo.The Government of Armenia accepted a 20% stake in the MTS Armenia company as a gift and  transferred the authority to manage it to the office of the Prime Minister of the Republic of Armenia. The decision was approved on February 29 at a meeting of the Cabinet.

ArmInfo.As of January 1, 2024, the total number of cards in the Armenian plastic market reached more than 3.722 million cards,  with a y-o-y growth of 17%. At the same time, micro- processing cards with an NFC chip have increased 3-fold over three years, including by 24% in 2023 (versus 45% in 2022), amounting to 2.6 million cards, with their dominance growing in the total number of cards to almost 70%, by data from the Central Bank of the Republic of Armenia.

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