ArmInfo.Armenia's ranking decreased by 0.2 percentage points over the year in the Index of Economic Freedom by The Heritage Foundation and The Wall Street Journal.

ArmInfo.Portfolio of the program for modernizing the economy as of March 1, 2024, amounted to  AMD 228bln. According to the press service of the Ministry of Economy, a total of 3,955 loan and leasing agreements were signed. Over the past 12 months, the portfolio growth amounted to AMD 12bln.

ArmInfo.Staying true to its practice, the Corporate Governance Center translated the G20/OECD Principles of Corporate Governance revised in 2023.

ArmInfo.The Central Bank of Armenia (CBA) forecasts GDP growth of 5.3% or 6.4% for 2024 - up to  10.4-10.5 trillion drams (against 8.7% growth - up to 9.5 trillion drams in 2023), depending on the formation in the economy or high or low inflation environment. In 2025, according to the Central Bank's forecast, GDP growth will accelerate slightly to 5.7-6.7%, reaching a value of 11.4-11.7 trillion drams.

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ArmInfo. The economic growth potential of Armenia is at the level of 6%. Acting Deputy Minister of  Economy of Armenia Rafayel Gevorgyan stated during a meeting of the S NA Standing Committee on Economic Affairs, citing an analysis of macroeconomic models over the past 6 years.

ArmInfo. Our calculations show that we are approaching the neutral interest rate level. This opinion  was expressed by head of the Central Bank of Armenia Martin Galstyan at a press conference on the decision of the Central Bank Board to reduce the refinancing rate by 0.25p.p. to 8.5%.

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ArmInfo.Armenia's Premier Nikol Pashinyan told Egyptian businessmen about Armenia's investment  potential. 

ArmInfo. Armenia should become one of the leading countries in the world in a number of technological areas, Sevak Hovhannisyan, a member of the working group on science and technology under the RA Prime Minister, a member of the board of I-V Consulting, stated 5 during parliamentary hearings on the prospects for the development of the high-tech sector, on March 5.  

ArmInfo.  Within the framework of the EU4Business "Innovative Tourism and Technology  Development for Armenia" (ITTD) project, 150 companies were established, that received technical and financial support, 126 received grants and more than 350 took part in various ITTD programs.  Vassilis Maragos, head of the EU mission in Armenia, announced during the concluding event held at the National Centre of Chamber Music on February 23.

ArmInfo.Armenian Prime Minister Nikol Pashinyan believes that the current government has  fulfilled its election promise on economic growth.

ArmInfo. Haykaz Fanyan, Director of the Armenian Center for Socio-Economic Studies (ACSES),  said in response to ArmInfo at a press conference organized by the Economic Journalists Club. 

ArmInfo. The main driver of economic growth in Armenia in 2024 may be the utilization of the  country's competitive advantages in the context of using the opportunities of the free economic zone between Iran and the EAEU. A similar opinion was expressed by Tatul Manaseryan, Doctor in Economics, Professor, Head of the Alternative Research Center, member of the Eurasian Expert Club during a press conference on February 20.

ArmInfo.The profit of the Armenian banking system in 2023 was 230 billion drams, which is 12.5% lower than the year-ago figure. Chairman of the Union of Banks of Armenia Daniel Azatyan stated during a press conference on February 20. He noted that the decline is due to both objective and subjective factors.

ArmInfo.In Armenia, there was an increase in all lending sectors, except for industry, where  the volumes decreased by 1.2%, making 508.9 billion drams. Chairman of the Union of Banks of Armenia Daniel Azatyan stated during a press conference on February 20.

ArmInfo. The HSBC group has been moving its capital and focusing on its preferred markets, as has been the policy in recent years. Only since 2021, as noted by the Chairman of the Union of Banks of Armenia (UBA) Daniel Azatyan during a press conference, the Group has withdrawn from 7 countries, including retail lending in France, the USA, Greece, etc.

ArmInfo.  Bank of Georgia Group PLC ("BOGG" or the "Group") announces the proposed acquisition  of 100 per cent. of a leading bank in Armenia, Ameriabank CJSC ("Ameriabank"), for approximately $303.6 million. This acquisition will significantly enhance the Group's presence and growth opportunities within a fast-growing and attractive market, according to BOGG's official statement.

ArmInfo. Global economic growth will slow, according to the Macroeconomic Outlook 2024-2026 by  the Eurasian Development Bank (EDB). 

ArmInfo.The baseline scenario projects Armenian GDP growth at 5.7% in 2024 and 5.3% in 2025. Inflation could accelerate to  3.6% in  2024 amid continued elevated domestic demand, a moderate weakening of the national currency, and the ongoing cycle of refinancing rate reductions, according to the Macroerconomic Outlook by the Eurasian Development Bank (EDB).