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.

ArmInfo. Armenia should become one of the leading countries in the world in a number of technological areas, Sevak Hovhannisyan, a member of the working group on science and technology under the RA Prime Minister, a member of the board of I-V Consulting, stated 5 during parliamentary hearings on the prospects for the development of the high-tech sector, on March 5.  

ArmInfo.From year to year, the budget of the Ministry of Territorial Administration and Infrastructures is growing, and the lion's share of the funds goes to capital expenditures. Minister of Territorial Administration and Infrastructures Gnel Sanosyan stated  in an interview.

ArmInfo. S&P Global Ratings affirmed its 'BB-/B' long- and short-term foreign- and local-currency sovereign credit ratings on Armenia. The outlook on the long-term ratings is stable.

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

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. 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. 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. Those economic and financial processes that began to develop in 2018 were associated  with international developments, and primarily with the Russian- Ukrainian conflict. Former member of the National Assembly of Armenia, who for many years headed the Parliamentary Standing Committee on Economic Affairs  Gagik Minasyan stated on February 16 during a conversation with journalists.

ArmInfo. Global economic growth will slow, according to the Macroeconomic Outlook 2024-2026 by  the Eurasian Development Bank (EDB). 

ArmInfo.The baseline scenario projects Armenian GDP growth at 5.7% in 2024 and 5.3% in 2025. Inflation could accelerate to  3.6% in  2024 amid continued elevated domestic demand, a moderate weakening of the national currency, and the ongoing cycle of refinancing rate reductions, according to the Macroerconomic Outlook by the Eurasian Development Bank (EDB). 

ArmInfo.Fitch Ratings has upgraded ACBA Bank Open Joint-Stock Company's (ACBA) Long-Term Issuer  Default Rating (IDR) to 'BB-' from 'B+', and the bank's Viability Rating (VR) to 'bb-' from 'b+'. The Outlook is Stable. The Fitch Ratings press release received by ArmInfo reads.

ArmInfo.The impact of re-exports on GDP growth in 2022 was about 1%, and in 2023 - even  lower, which was associated with changes in the sanctions environment, a new reality replacing traditional directions, Deputy Minister of Economy Rafael Gevorgyan TOLD Armenia's Public TV. 

ArmInfo.The EAEU countries must ensure that citizens of member states, while staying in another  country of the Union, can receive medical care without thinking about what to pay, Academician of the Russian Academy of Sciences Gennady Onishchenko stated during a video conference Moscow-Astana-Bishkek-Yerevan-Minsk on the topic: "Biosecurity of the EAEU countries."

ArmInfo. By the end of 2023, for the first time, Armenia's foreign trade turnover will exceed 110%  of the country's GDP, and the negative balance of foreign trade will approach zero. Armenian Minister of Economy Vahan Kerobyan stated on February 6 at a plenary session of Parliament.

ArmInfo. The effect of external factors on Armenia's GDP growth in 2022 amounted to over 6%,  with the rest being due to the internal potential, Armenia's Deputy Minister of Economy Rafael Gevorgyan stated in an interview as he commented on the argument that the 2- digit economic growth in Armenia was due to relocated employees. 

ArmInfo.

ArmInfo.The Eurasian Development Bank (EDB) forecasts 5.7% GDP growth in Armenia in 2024. 

ArmInfo.