ArmInfo.

ArmInfo.The net inflow of private transfers to Armenia in January-July 2024 accelerated in an  annual decline from 8.7% to 26.4%. In absolute figures it decreased from $1.03 billion to $758.7 million. Additionally, for non-commercial transfers, the decline in net inflow accelerated from 33% to 47%, dropping from $575.6 million to $306.1 million. The share of the latter in the total net inflow decreased over the year from 56% to 40% compared to 76% in 2022.

ArmInfo.In Armenia, all non-public and non-state funds will be subject to the requirements of  the Central Bank. The RA government approved amendments to the law "On Investment Funds" and a package of related laws at a meeting on September 5.

ArmInfo.The Armenian authorities want to build a new bridge in Akhtala to replace the  previous one, which was destroyed as a result of a powerful flood on May 25-26 of this year.

ArmInfo. It is necessary to resolve the issue of poor quality of electricity supply to consumers  in Armenia, Armenia's Premier Nikol Pashinyan stated at a meeting of the Government of the Republic of Armenia on September 5.

ArmInfo.

ArmInfo.Armenian broker Invia Investments has obtained a license from the Astana International Financial Centre (AIFC) and completed all necessary procedures to connect to the international trading platform ITS. This will soon enable Invia Investments to provide its clients in Armenia with access to trading some of the most liquid global stocks available on ITS.

ArmInfo.

ArmInfo.By 2036, Electric Networks of Armenia CJSC will invest 296 billion drams in the  modernization of the grid system. This was announced at a press conference on September 4 by the company's CEO Karen Harutyunyan.

ArmInfo. Guests from 36 countries, including Portugal, Japan, Argentina, India, and African countries have registered for the UN Global Wine Tourism Conference. This was stated by Sona Harutyunyan, Head of the International Cooperation Department of the Tourism Committee of Armenia, during a press conference on September 4.

ArmInfo."Electric Networks of Armenia" have been and will remain outside of politics. This was  stated at a press conference on September 4 by Vice President of the Tashir Group of Companies, Chairman of the Board of Directors of "ESA" Karen Darbinyan, commenting on the possibility of nationalization of the CJSC by the state.

ArmInfo.

ArmInfo.

ArmInfo.A political decision has been made in Armenia not to revise cadastral prices close to market prices, which are supposed to be used for taxation, at this stage. This was stated by the head of the RA Cadastre Committee Suren Tovmasyan at a meeting of the NA Standing Committee on Economic  Affairs on September 4. 

ArmInfo.The Armenian government will soon present for discussion an action plan aimed at introducing storage capacities in the energy sector of the Republic of Armenia. This was stated by Deputy Minister of Territorial Administration and Infrastructure Hakob Vardanyan at a meeting of the NA Standing Committee on Economic Issues on September 4. 

ArmInfo. On September 3, a direct flight between Armenia and China was opened for the first  time. Flights on the Urumqi-Yerevan-Urumqi route will be operated twice a week - on Tuesdays and Saturdays.

ArmInfo.

ArmInfo.Armenia's gross international reserves (GIR) decreased by 17.3% annually, or $715  million by August 2024 reaching to $3.411 billion. A year earlier, there was an increase of 16.3% or $580 million.

ArmInfo. Armenia has been left out of the trans-border The Black Sea submarine cable project,  which spans the South Caucasus region. This information was published on Twitter (X) by the press secretary of the Hungarian Prime Minister Zoltan Kovacs.

ArmInfo.