ArmInfo. Armenian Finance Minister Vardan Aramyan and European Reconstruction and Development Bank executive Director of Armenia Frans Weekers discussed issues of effective cooperation between Armenia and EBRD.

ArmInfo. Armenian Finance  Minister Vardan Aramyan received a delegation of Microsoft on the CIS  countries the day before. During the meeting, the parties discussed  the issues of continuous and effective cooperation between the  Armenian government and the company. 

ArmInfo. Armenian Finance Minister Vardan Aramyan received a delegation of the German Development Bank (KfW), led by Regional Director Olaf Zimelka, the press service of the financial department. At the meeting, the parties discussed the issues of the cooperation agenda, as well as touched upon the opportunities and prospects for the development of future programs.Earlier in the course of the meeting with Prime Minister Olaf Zimelk stated that the cooperation with the Armenian government is effective until today and expressed readiness to discuss the issues and proposals presented with the concretization of further steps in this direction.

ArmInfo. European Investment Bank is ready to discuss new programs aimed at cooperation with Armenia, vice-President EIB Vazil Hudak stated on July 28 at a meeting with Armenian Finance Minister Vardan Aramyan.

ArmInfo. Armenian Finance Minister Vardan Aramyan does not think that the new US sanctions against the Russian Federation will seriously damage the economy, which will have a lagging effect on the Armenian economy. "The Russian economy has already adapted to work in conditions of sanctions," Vardan Aramyan told journalists after the government meeting on July 27, urging to refrain from negative scenarios for the Armenian economy.

ArmInfo. In October, Armenia will again propose the US to conclude a treaty on the elimination of double taxation. Minister of Finance of Armenia Vardan Aramyan stated this in a conversation with journalists after the government meeting on July 27.

ArmInfo. One of the leading integrated providers of insurance and financial services in the world - The Allianz Group is exploring opportunities and prospects for entering the Armenian market. This was reported by the representatives of the Group at a meeting with RA Minister of Finance Vardan Aramyan.

ArmInfo. Armenian Minister of  Finance Vardan Aramyan admits the existence of oligopoly in the  republic. "Under the conditions of the oligopolistic market, it will  be difficult to achieve the desired growth rates," the minister said  at a meeting with journalists during the discussion of the  medium-term expenditure program for 2018-2020.

ArmInfo. Armenia is negotiating  with Russia on obtaining a new military loan, the head of the  Armenian Ministry of Finance Vardan Aramyan told reporters on July 17  at a press conference.

ArmInfo. There was no sequestration  of the state budget-2016, Armenian Finance Minister Vardan Aramyan  told reporters on July 16 at a press conference.

ArmInfo. The Ministry of Finance of Armenia forecasts GDP growth in 2018 at 4.7%, in 2019 - at 5.4%, in 2020 - at 5.7%. The Armenian government's decision on July 6 approved the medium-term expenditure program of the Republic of Armenia for 2018-2020, which is an integral part of the overall budget process and will become the basis for the development of the state budget for 2018. The program outlines the priorities of the fiscal policy and the state spending strategy for the next three years for the state administration and society. The Minister of Finance of Armenia Vardan Aramyan presented the document.

ArmInfo. The program of tourism development in the city of Ashtarak in Armenia is under implementation. RA Minister of Finance Vardan Aramyan stated this on July 6 from the rostrum of the National Assembly of Armenia.

ArmInfo. In 2016, Armenian Government took a number of measures aimed at developing the country's economy in the future. RA Minister of Finance Vardan Aramyan on July 6 stated in the country's Parliament, presenting the annual report on the implementation of the state budget of 2016.

ArmInfo. The Council of the  Eurasian Stabilization and Development Fund (ESDF) on June 26, 2017  approved changes to the reform program of the Republic of Armenia,  supported by a financial loan from the Fund. The changes reflect the  recommendation of the Council of the Fund of 6 December 2016 to  supplement the program with an indicator aimed at increasing debt and  fiscal sustainability, as well as the need to update a number of  conditions for the third tranche in the context of progress achieved  in the implementation of the first and second tranches. The press  service of the EADB informed ArmInfo about this.

ArmInfo. Due to negative external  shocks and a high level of turbulence in the world economy, in 2016  Armenia closed with 0.2-0.3% GDP index with economic activity of  0.5%.  Only the industrial sector (0.8 pp) and the service sector  (1.9 pp) recorded positive growth against the backdrop of negative  growth in agriculture (-1.0 pp) and construction (-1.0 pp). This was  stated by the Minister of Finance of Armenia Vardan Aramyan on June  26 in the National Assembly of Armenia presenting the report "On the  execution of the RA state budget for 2016".

ArmInfo. The Armenian government  continues to make efforts to introduce program budgeting in the  country. This was stated in the Armenian parliament on June 26 by  Prime Minister Karen Karapetyan, speaking at the discussion of the  report on the implementation of the state budget for 2016 in the  permanent commissions of the National Assembly.

ArmInfo. To achieve a 5% economic growth, efforts must be made. The RA Minister of Finance Vardan Aramyan expressed this opinion in the RA parliament on June 21, commenting on the program of the Armenian government for 2017-2022. This is stated in the official message of the department.

ArmInfo. Armenian Finance Minister  Vardan Aramyan received delegation of European Bank of Reconstruction  and Development(EBRD). 

ArmInfo. The purpose of the Armenian government is to ensure an average annual growth of the economy of 5%. This is stated in the officially published program of the Government of Armenia, submitted for approval by the National Assembly of Armenia.

ArmInfo. Collection of taxes in  the I quarter was made ahead of.  The Armenian Ministry of Finance  Vardan Aramyan stated this at the June 16 press conference.