ArmInfo. At the moment, the Russian economy, especially at its current stage of development, depends to a fairly significant extent on Armenia. Aghasi Tavadyan, an economist and head of "Economic Uncertainty Modeling" laboratory, ASUE at the Armenian State Economic University, told an ArmInfo correspondent.

ArmInfo. Work on the construction of a new Yerevan metro station will begin in 2024, RA  Minister of Finance Vahe Hovhannisyan told reporters on October 31.

ArmInfo.During the operational meeting of the Deputy Prime Ministers in the Government of the Russian Federation, the issue of simplifying the procedure for opening accounts in Russian banks by foreign entrepreneurs was considered.

ArmInfo. The large Russian metallurgical holding Novostal-M intends to open its representative  office in Armenia. On October 26, a seminar was held for the professional community on the technical features of new types of reinforcement and the possibilities of their use in construction projects in Armenia, during which specialists from the Russian company presented innovative products - high-strength reinforcement of type A550SK, as well as the advantages of its use in terms of seismic resistance.

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ArmInfo.Armenian Minister of Economy Vahan Kerobyan excludes the possibility of problems for  Armenian exporters on the Russian market.

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ArmInfo.

ArmInfo.The solution to the problem of gasoline prices in Armenia is rather in a political sense. Economist Aghasi Tavadyan shares a similar point of view.  On his Facebook page, he noted that over the year the price of gasoline in the country has increased from 380 drams to 580 drams per liter. The latest increase is due to the devaluation of the dram and the dynamics of the global oil market. The dram was also subject to fluctuations, which led to higher gasoline prices.

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ArmInfo.

ArmInfo.

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.The "Export Armenia" initiative, uniting hundreds of Armenian producers and exporters, expressed deep concern about the exclusion of Armenian alcoholic products from the Russian market.

ArmInfo.At a meeting of the Grand National Assembly of Turkey, an appeal was made demanding that  the International Atomic Energy Agency (IAEA) take measures regarding the Metsamor Nuclear Power Plant in Armenia, located 16 km from the borders of Turkey. This was reported by the Turkish Anadolu Agency.

ArmInfo. What is happening in Upper Lars, where over 60 trucks of Armenian brandy producers have  accumulated over the course of 3-4 months, is the result of an erroneous policy led by the state over the past 15-20 years. A similar opinion was expressed in a conversation with an ArmInfo correspondent by Avag Harutyunyan, Chairman of Union of Winemakers of Armenia (UWA).

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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.On Aug. 25, 2023, S&P Global Ratings raised its long-term foreign and local currency  sovereign credit ratings on Armenia to 'BB-' from 'B+' and affirmed its short-term foreign and local currency sovereign credit ratings at 'B'. The outlook is stable.  

ArmInfo. There is a substantial gap between the RUB and AMD exchange rates, Russian  Minister of Economic Development Maxim Reshetnikov told a briefing preceding a business lunch attended by Armenian and Russian businessmen.