ArmInfo.The International Monetary Fund (IMF) has improved its 2023 forecast for Armenia's GDP growth from the previous 4.5% to an updated 5.5% (against the actual  12.6% growth in 2022). The Fund also revised its expectations for inflation to 5.5% instead of the previously indicated 6% (from inflationary 8.3% for 2022).

ArmInfo.MTS Armenia Telecommunications company will not be sold, the Public Services Regulatory Commission (PSRC) of Armenia intends to reject the  company's application for permission to conclude a transaction to  transfer control over the communications operator.

ArmInfo.

ArmInfo.Armenian Minister of Economy Vahan Kerobyan received a delegation led by U.S. Assistant Secretary of Commerce for Global Markets Arun Venkataraman.

ArmInfo.

ArmInfo.

ArmInfo.The growth of the Armenian economy in 2023 will be 6.5%, followed by a slowdown in 2024 to 5.5%, depending on the factors of internal and external demand.  This is stated in the Asian Development Outlook of the Asian  Development Bank (ADB), on the economies of the Asia- Pacific region.    In particular, the report notes: "Despite headwinds, the economy grew  strongly in 2022 on rapid expansion in consumption and services  reflecting an influx of people and capital from the Russian  Federation. Fiscal and current account deficits narrowed, but  inflation accelerated. Growth is expected to moderate in 2023 and  2024 as stimulus from inflows of capital, people, and firms from the  Russian Federation wanes. Inflation is expected to moderate, and the  current account deficit to widen slightly. Strengthening education is  critical for inclusive and sustainable growth."

ArmInfo.Armenia's gross international reserves (GIR) are decreasing from the historical high - from $4.112 billion in December 2022 to $3.545 billion in February  2023. In particular, in January-February gross international reserves  decreased by 13.8% or by $567 million, which was observed at a more  restrained pace a year earlier - a decline by 6.7% or by $217.2  million.

ArmInfo.

ArmInfo.

ArmInfo. The Government of Armenia has developed an action plan, one of the key documents of which is the Green and Sustainable Economic Development Strategy,  which is at the final stage of development, and we will soon be able  to start implementing it. This was stated by the Minister of Economy  of Armenia Vahan Kerobyan in the forum titled "Innovative Financial  Instruments and the Private Sector's Role in Fueling Green Business"  organized by the Shtigen group of companies.

ArmInfo.

ArmInfo. For 9 months of 2022, the net inflow of mutual direct investments increased in all EAEU member states, except for Kazakhstan.

ArmInfo. The average y-o-y official inflation rate in Armenia will decrease to 4.4% in 2023 from the actual 8.6% in 2022 (January-December to the same period in 2021), with further downward movement to 3.8% in 2024 and stabilization at target 4% in 2025. Inflation will begin to fall to the target level from the second half of 2023. Such a forecast is presented in the Monetary Policy Program (MPP) of the Central Bank of Armenia for Q1 2023, published on March 28, where GDP growth expectations are set to slow to 5.8% in 2023 (from an actual 12.6% in 2022), followed by a slowdown to 5.2% in 2024 and 4.9% in 2025.  Moreover, the Central Bank, pointing to a decrease in inflation in the near future in its scenario, nevertheless warns that some goods and services, which are characterized by rigid prices, will continue to rise in price under the influence of high demand and inflationary expectations.

ArmInfo. The U.S. is interested in developing cooperation with Armenia in the technological field.  This was stated during the meeting of the Minister of High-Tech Industry of Armenia Robert Khachatryan with Ambassador Extraordinary and Plenipotentiary of the United States to Armenia, Mrs. Kristina Alyson Kvien.

ArmInfo. Minister of Economy of Armenia Vahan Kerobyan received Ambassador Extraordinary and Plenipotentiary of Brazil to Armenia Fabio Vaz Pitaluga.  According  to the press service of the Ministry of Economy, the parties  discussed issues related to strengthening the Armenian-Brazilian  trade and economic ties, deepening cooperation in the field of  agriculture, as well as export and import opportunities.

ArmInfo.

ArmInfo.Armenia's Minister of FinanceVahe Hovhannisyan hosted on March 20, Ms Rana Karadsheh,  Regional Director, International Finance Corporation (IFC), Mr Sebastian Molineus, World Bank Regional Director for the South  Caucasus, Ms appointed Ivana Fernandes Duarte, IFC Regional Manager for the South Caucasus, and Ms Carolin Geginat, Ms Country Manager Armenia. 

ArmInfo.

ArmInfo. Deputy Prime Minister of Armenia Tigran Khachatryan had a working meeting on March 17 with  Iva Petrova, head of the International Monetary Fund (IMF) mission in Armenia, and IMF Resident Representative for Armenia Mehdi Raissii.