ArmInfo.

ArmInfo. The International Monetary Fund (IMF) has opened Armenia's access to a loan of approximately $24.4 million (SDR 18.4 million) under the Stand-by Agreement (SBA), bringing the total access amount to approximately $73.3 million (SDR 55.2 million).  also providing an improved forecast for Armenia's GDP growth for 2023 from the previous 5.5% to an updated 7%, with a slowdown in 2024 to 5% (as previously expected). In terms of inflation, the IMF points to its rapid decline in Armenia, and predicts a return to the target threshold of 4% by mid-2024 and stabilization near this level.

ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo. In Armenia, state duty rates on exported excisable goods will be increased 10 times, Armenia's Parliament at the plenary session on December 11, in the second and final reading, discusses amendments to the law "On State Duty".

ArmInfo.A meeting of the Armenian-Egyptian intergovernmental commission will be held in Egypt  from February 4 to 6.

ArmInfo.

ArmInfo.In Armenia's foreign trade, the UAE pushed China out of the 2nd place in terms of exports,  and the USA is trying to overtake China in terms of imports. But Russia continues to lead in foreign trade turnover with Armenia with a coverage of over 35%, and the milestone of 49.6% has already been reached in exports alone, according to the data of the RA Statistical Committee for January-October 2023.

ArmInfo. Armenian Minister of Economy Vahan Keorbyan assures that "at the moment, cars mainly pass  through the Upper Lars checkpoint."

ArmInfo.

ArmInfo.The situation at the Upper Lars checkpoint is a show of muscle on Moscow's part, which  could be very costly for the Armenian manufacturer on the eve of the New Year holidays. At the same time, the economic authorities of Armenia themselves are insincere in communicating with the local producer, Gagik Makaryan, Chairman of the Republican Union of Employers of Armenia (RUEA), told ArmInfo. 

ArmInfo.The situation at the Upper Lars checkpoint was expected, Gagik Aghajanyan, CEO, Apaven  forwarding company, told ArmInfo. 

ArmInfo.We are doing everything possible to keep Armenian companies from possible secondary sanctions, the  country's Minister of Economy Vahan Kerobyan told reporters today.  He confirmed the information that a group of specialists from the US Finance Ministry, who are involved in monitoring the sanctions policy, visited Armenia.

ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo. Ameriabank has assumed a long-term commitment to create a sustainable environment  and assist a transition to carbon-neutral economy, Eduard Arakelyan, Head of Corporate Sales and Relationship Management Division, Ameriabank CJSC, told ArmInfo on the sidelines of the Energy Week in Yerevan. 

ArmInfo.In order to develop the domestic energy sector, a number of programs are being  implemented. Minister of Territorial Administration and Infrastructure of the Republic of Armenia Gnel Sanosyan told reporters on November 28 on the sidelines of the Energy Week.

ArmInfo.