ArmInfo.Economy Minister Vahan Kerobyan expects per capita GDP to increase to $8,200 by the end of this year. Speaking on the CIVILNET channel in English, the head of the department noted that despite expectations of the poverty level to reach 39.6%, this figure was reduced to 24.8%.

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ArmInfo. Emirati investments and collaboration with ANIF serve to spotlight the potential and investment prospects within Armenia. This is stated in the extensive analysis of Armenia's economic opportunities of the Specialeurasia platform (Italy), a significant part of which is dedicated to ANIF's projects and especially to the strategic cooperation with the companies of the UAE.

ArmInfo.In order to stimulate the use of electric vehicles in Armenia, Team Telecom  Armenia announced the launch of the Team Energy project, within which  an application was developed that allows you to find the nearest  electric vehicle charging stations. In this case, payment can be made  with a bank card, but if the owner of the electric car is a  subscriber of Team Telecom Armenia, the funds can be debited from the  balance of the telephone card.

ArmInfo. About a thousand investors became shareholders of Team Telecom Armenia. According to  the company's press service, the initial public offering of 40 million shares of Team Telecom Armenia worth AMD 8.2bln was successfully completed. Ameriabank CJSC acts as market maker. 

ArmInfo.IDBank has released the first metal vertical card in RA, Visa Infinite Special Edition, with exclusive features.

ArmInfo. The Eurasian Development Bank (EDB) and Russian- Armenian University (RAU) are launching  collaborative research and training programmes focusing on public-private partnerships (PPP). A relevant memorandum was signed by Denis Ilin, EDB Senior Managing Director, and Sergey Kapinos, RAU  Vice- Rector for International Cooperation, the Banks press service reports.

ArmInfo. The debut issue of three-year EDB bonds, denominated in US dollars, was included in the Armenia Securities Exchange’s (AMX) Abond main list as of 26 October 2023. Prior to that, the exchange’s infrastructure was modernised with a grant provided by the Eurasian Development Bank’s (EDB) Technical Assistance Fund, resulting in more than doubling the total value of listed securities. Nikolai Podguzov, Chairman of the EDB Management Board, made this announcement during his visit to Armenia.

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ArmInfo. The Eurasian Development Bank (EDB) has released the latest Macroeconomic Review for its six member states. This regular publication provides a roundup of the macroeconomic situation and projects near-term developments in the member countries. The review also contains detailed statistics on key macroeconomic indicators.

ArmInfo.The Central Bank of Armenia will carry out operations in the foreign exchange market, the regulator  announced on the afternoon of October 5. Let us remind you that the day before the Armenian dram began a free fall in relation to foreign currencies - just yesterday on the retail foreign exchange market the  dollar exchange rate increased by 20 drams, averaging 435 drams/$1,and today it has reached almost the heights of 1.5 years ago - 460 AMD/$1.

ArmInfo. According to the EBRD-prepared report "Regional Economic Prospects in the EBRD  Regions", in 2023, economies in Eastern Europe and the Caucasus have been adjusting to the extreme shock to their economies caused by the war on Ukraine. 

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ArmInfo. Armenia's status as an electricity exporter may decrease significantly, and the time is not far when,  having a nuclear power plant, rich hydropower resources and the potential of solar energy development, the country will simply turn into a net importer of electricity.

ArmInfo.We have been contacted by dozens entrepreneurs, we are studying the situation with  Wildberries, in order to understand whether there are violations that  encroach on competition. Armenian Minister of Economy Vahan Kerobyan  told reporters aout this during a briefing on September 7.

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ArmInfo.Summer is coming to an end, but the travel period is not: as long as the weather permits, we try to enjoy outdoor recreation almost every weekend. Of course, when traveling around the marzes, we use shops, cafes or entertainment venues, and it is very nice to see that in a number of marzes it is already possible to pay with Idram. Could you indicate in which regions your team mainly develops QR payments?

ArmInfo.The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are helping improve access to finance for Armenian micro, small and medium-sized sized enterprises (MSMEs) through Acba Bank.

ArmInfo.We said, didn't we, that your purchases with Idplus are profitable? Now this claim is also about refueling. Yes, yes, everything is correct. At Idplus, you can already buy and use fuel cards with friends or family members and save money.