ArmInfo. The center of an outsourcing company specializing 

ArmInfo.In the Armenian insurance market, the CMPTL loss ratio has been at the level of 64%  for a year now, which is much lower than 79% in Jan-July 2021 and the  pre-Covid 72% in the same period of 2019.

ArmInfo.We have prepared a document on a permanent free trade regime between Iran and the EAEU countries for final signing. This was stated by the Minister of Economy of Armenia Vahan Kerobyan on the sidelines of the opening of the "Free Economic Zones of Iran" exhibition.

ArmInfo.Armenia's hospitality and tourism industry needs investments and communication,  Hrant Badasyan, Hrant Badasyan, President of the National Union of the Hospitality Industry (OSIG) and co-founder of Impulse Management Company, stated at a business lunch with the Armenian and Russian ministers of economy. 

ArmInfo. It is extremely important that the peoples and business communities of the EAEU  countries feel the concrete benefits of integration. This was stated by Prime Minister of the Republic of Kazakhstan Alikhan Smailov on August 24 at an extraordinary meeting of the Eurasian  Intergovernmental Council in Tsaghkadzor, Armenia.

ArmInfo.Despite all the challenges, the difficult international situation, the EAEU is  developing well, the trade turnover between the EAEU countries is growing at a steady pace.

ArmInfo. The GeoPromining group of companies plans to invest about $15mln in the Agarak  Copper-Molybdenum Combine (ACMC) during the next couple of years, Mr  Belyaev, CEO, said at a meeting with Armenia's Premier Nikol Pashinyan.  

ArmInfo.

ArmInfo.

ArmInfo.Armenia plans to increase the y-o-y number of tourists visiting Armenia to 15 million people.  Prime Minister Nikol Pashinyan stated on August 3 during a discussion  of amendments to the law "On Tourism" and related laws, noting that  the goal is realistic if a tourist returning from Armenia recommends  others to visit Armenia.

ArmInfo. The upgrade of Armenia's long-term issuer default rating in foreign currency from  <B+> to <BB-> by Fitch Ratings indicates an increase in Armenia's  investment attractiveness. RA Deputy Finance Minister Eduard Hakobyan  expressed a similar opinion in an interview with the Public  Television of Armenia.

ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo. Azerbaijan launched a hybrid war against Armenia. Chairman of the Union of  Miners and Metallurgists of the Republic of Armenia, First Deputy General Director of Zangezur Copper-Molybdenum Combine CJSC Vardan Jhanyan stated  on July 24 at a press conference.

ArmInfo.

ArmInfo. The loss ratio of motor third-party liability insurance (MTPL insurance) was 64% in the first half of 2023 against 65% in the first half of 2022, and 81% in 2021and 73% in 2019. This was accompanied by a liberalization of MTPL prices and slightly lower rates of a 2-digit annual increase in the number of MTPL insurance contracts from 19.7% down to 16.3%, and a slower % increase in insurance premiums, from 21.4% down to 6.5%. A 9.8% increase in insurance indemnities (up to $10.7mln) was recorded against an 8.7% decrease.

ArmInfo. RA Prime Minister Nikol Pashinyan chaired the regular Cabinet meeting today, the press service of the RA Government reports.  By the decision of the  Government, changes and additions were made to the Law of the  Republic of Armenia "On the State Budget of the Republic of Armenia -  2023" and the decision No. 2111 of the Government of the Republic of  Armenia of December 29, 2022.  Minister of Finance Vahe Hovanisyan  noted that the adoption of the draft decision is due to the  overachievement of budget revenues based on the results of the first  half of 2023, which exceeded the plan for the first half by about 50  billion AMD. As a result, the reserve fund is replenished by 10  billion AMD due to the increase of the tax revenues. "Let me note  that before this, with 10 decisions, our plan had already increased  by around 7.5 billion AMD, the main part of which, approximately 6.5  billion AMD, was allocated to Nagorno Karabakh," said Vahe  Hovhannisyan.  Prime Minister Nikol Pashinyan also referred to an  important decision made in the previous Cabinet meeting, which is  related to the development of the capital market, reminding that a  special place is given to the development of the capital market in  both the 2018 Action Plan and the 2021 Action Plan of the government.   The Prime Minister assured that in the steps aimed at giving a new  impetus to the economic development of Armenia since 2018, the  development of the capital market can become the new component that  will not only become a new stimulus for economic development, but  also a new mechanism of social protection of people.  According to  Deputy Prime Minister Mher Grigoryan, the risks of our country,  according to the assessment of leading international rating  companies, are such that it is very attractive for investments, but  due to the lack of tools, this flow is not realized. According to the  Deputy Prime Minister, the promotion of stock exchange trade is also  a platform for very serious diversified foreign investments.  The  Prime Minister clarified that these mechanisms are very important,  because when a large foreign investor acquires a bond of the Armenian  government, it is, first of all, a confidence in the government and  the country. 

ArmInfo. 

ArmInfo. Germany is interested  in expanding cooperation with Eastern Partnership states, Mr Jens  Brandenburg, Parliamentary State Secretary to the Federal Minister of  Education and Research of Germany, stated at his meeting with  Armenia's Deputy Minister of Economy Rafael Gevorgyan. German  Ambassador to Armenia Viktor Richter attended the meeting as well.