ArmInfo.The solution to the problems of forcibly displaced persons from Nagorno-Karabakh is not  reflected in the draft state budget of Armenia for 2024, Armenia's Minister of Finance Vahe Hovhannisyan stated at a meeting of the Committee on Finance and Budget, RA Parliament. 

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.

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ArmInfo. In 2024, AMD 16.7bln will be allocated to the needs of the Ministry of Foreign Affairs of Armenia. RA Minister of Finance Vahe Hovhannisyan stated this during discussions on the draft state budget of the country for  2024 at a meeting of the commissions of the National Assembly of the Republic of Armenia.

ArmInfo.In 2024, AMD 345.417bln will be allocated to finance programs in the fields of  education, science, culture, sports and youth, Deputy Minister of Finance Vahan Sirunyan stated at a hearing in the commissions of Armenia's Parliament. 

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ArmInfo. In 2023, Armenian economic growth is projected at 7.2%, and next year it will be 5.6%.  Governor of the Central Bank of the Republic of Armenia Martin Galstyan stated  on October 31 during a press conference.

ArmInfo. Trade relations with Russia are important for us - we are developing them, but at the same time we are spending enormous resources, time and effort to diversify foreign trade relations in other areas. Armenian Minister of Economy Vahan Kerobyan told reporters during a briefing on October 31.

ArmInfo. The implementation of the capital expenditure program provided for by the state budget  of Armenia in 2023 will not differ much from the indicators in 2022, RA Minister of Finance Vahe Hovhannisyan stated on October 31 at a hearing on the draft state budget of Armenia Vahe Hovhannisyan, in  response to a question by MP Tadevos Avetisyan of the opposition Armenia. 

ArmInfo.Governor of the Central Bank of Armenia Martin Galstyan expressed fears that the  problem of underfulfillment of budget capital expenditures will not be resolved in 2024 as well.

ArmInfo.In 2023, Armenia will ensure economic growth of 7.2%; the main driver of growth will remain the service sector. Minister of Finance of Armenia Vahe Hovhannisyan stated on October at a parliamentary committee hearing on the 2024 budget. In this regard, he recalled that the draft budget for 2024 includes a growth rate of 7%.

ArmInfo. Capital expenditures in 2024 will reach 6.6% of GDP, which is 0.7% higher  than a year ago. Minister of Finance of Armenia Vahe Hovhannisyan announced on October 30 at a parliamentary committee hearing on the 2024 budget. 

ArmInfo.The budget deficit in 2024 could rise to 4.6% from 3.2% under the current draft budget  scenario. Minister of Finance of Armenia Vahe Hovhannisyan stated on October 30 at a parliamentary committee hearing on the 2024 budget.

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ArmInfo. In terms of the revenue part of the 2024 budget, the RA budget will double compared  to 2018. Prime Minister of the Republic of Armenia Nikol Pashinyan stated on October 30 at a parliamentary committee hearing on the draft state budget of the Republic of Armenia.

ArmInfo. On October 26, 2023, the United Kingdom-Armenia Business Forum was held in London,  UK. 

ArmInfo. Armenia's Deputy Minister of Economy Narek Teryan had a meeting in Mumbai with  Minister of Ports, Shipping and Waterways of India Shantanu Thakur. Attending the meeting was Iranian Commercial Attache in Armenia Vardan Kostanyan.   

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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.