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ArmInfo.

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ArmInfo.

ArmInfo. The economic growth potential of Armenia is at the level of 6%. Acting Deputy Minister of  Economy of Armenia Rafayel Gevorgyan stated during a meeting of the S NA Standing Committee on Economic Affairs, citing an analysis of macroeconomic models over the past 6 years.

ArmInfo.Adhering to the policy of transparency and accountability, it has adopted, "Telecom Armenia" OJSC (trademark: Team Telecom Armenia) presents the technical, economic and financial indicators of mobile and fixed communication for the 4th quarter of 2023. The company recorded significant growth in the main directions of its activity. This is stated in the official statement of the company.

ArmInfo.Armenia's Ministry of Economy has initiated changes to the RA Law "On Joint Stock  Companies", which provides for the introduction of a new format for concluding an agreement - SAFE (Simple agreement for future equity. 

ArmInfo.Over 11 thousand Artsakh refugees are employed in Armenia. Governor of the Central  Bank of Armenia Martin Galstyan stated  during a press conference on March 12.

ArmInfo. Our calculations show that we are approaching the neutral interest rate level. This opinion  was expressed by head of the Central Bank of Armenia Martin Galstyan at a press conference on the decision of the Central Bank Board to reduce the refinancing rate by 0.25p.p. to 8.5%.

ArmInfo. The external inflationary impact on the Armenian economy continues to weaken significantly. Governor of the Central Bank of the Republic of Armenia, Martin Galstyan, said on March 12 at a press conference on the reduction of the refinancing rate to 8.5% from 8.75%, noting that lowering the key rate is necessary to achieve the target inflation level of 4% and ensure price stability in the medium term.

ArmInfo.It is too early to talk about the threat of overheating in the consumer lending market.  Chairman of the Central Bank of Armenia Martin Galstyan expressed a similar opinion during a press conference on March 12.

ArmInfo.The share of non-cash transactions in 2023 increased to 51% of the total volume In the Armenian plastic card market, (from 40% in 2022), to 3.2 trillion drams ($7.9 billion) in absolute terms. Moreover, the y-o-y growth rate of the volume of non-cash transactions accelerated from 69.7% to 2-fold. The increase in the share of non-cash transactions with Armenian cards resulted from a legislative restriction on cash transactions introduced from July 1, 2022. 

ArmInfo.The Central Bank of Armenia decided to reduce the refinancing rate by 0.25 pp, setting it  at 8.5% - from 8.75.

ArmInfo. After completion of the construction of an alternative route to Lars, the Upper Lars  checkpoint will be passable 365 days a year. Deputy Minister of Territorial Administration and Infrastructures of Armenia Armen Simonyan stated  on March 11 in parliament.

ArmInfo.Ameriabank has been named the Best Bank in Armenia in sustainable finance for 2024. This achievement marks the fourth consecutive win for Ameriabank for funding initiatives designed to mitigate the negative impacts of climate change and help build a more sustainable future.

ArmInfo.The project to create a single gas market in the Eurasian Economic Union has been postponed  until 2027, Armenia's Deputy Minister of Territorial Administration and Infrastructure Hakob Vardanyan stated on March 11 at a meeting of the RA National Assembly Commission on Regional and Eurasian Integration.