ArmInfo. The Armenian economy demonstrates high  growth rates, the main driver of which is the service sector. This is  stated in the September Macroeconomic Review of the Eurasian  Development Bank (EDB).

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ArmInfo.The share of exports in Armenia's GDP in 2023, compared to 2022, will decrease. The financial authorities of the republic also projected a decline in the  imports and remittances. This is stated in the budget report of the  next year's state budget project.

ArmInfo.Armenia will close this year with an economic growth of 11%-12% against the budgeted 7%, Armenia's Minister of Finance Tigran Khachatryan stated on Thursday  as he presented the 2023 draft budget. 

ArmInfo. The Central Bank of Armenia forecasts a slowdown in GDP growth in 2022-2023 from 12.9% to 4.4%, and a decrease in inflation from 10.3% to the target 4%.  This  is noted in the Monetary Policy Program (MPP) of the Central Bank for  the third quarter of 2022, published at the end of September.

ArmInfo.The European Bank for Reconstruction and Development (EBRD) has improved its 2022 GDP growth forecast for Armenia from the previous 4.5% to an updated 8%,  thereby expecting more sustainable growth.

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ArmInfo. Despite the aggression unleashed by Azerbaijan on the sovereign territory of  Armenia since September 13, the growth of the Armenian economy by the  end of 2022 may almost double the 7 percent figure envisaged by the  state budget.

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ArmInfo.. With the stabilization of the military-political situation in Armenia, the  exchange rate will also stabilize and most likely return to its  previous positions. One of the leading experts of the foreign  exchange market, who asked to remain anonymous,   said in a conversation with an ArmInfo correspondent.

ArmInfo. The Council of the Central Bank of Armenia once again this year increased the refinancing rate - from 9.5% to 10%, gave a brief justification for  its decision, which was presented at a press conference on September  13 by the Chairman of the Central Bank of the Republic of Armenia  Martin Galstyan.

ArmInfo. The Central Bank of Armenia significantly improved its forecast for the growth of Armenia's GDP for 2022 - from the previous 4.9% to the updated 12.9%.   Chairman of the Central Bank of the Republic of Armenia Martin  Galstyan stated on September 13 at a press conference convened to  raise the refinancing rate from 9.5% to 10%, said the.

ArmInfo. At September 13, 2022 meeting, the CBA Board decided to raise the policy rate by 0.5 percentage points setting it at 10%, the press service of the Central  Bank of Armenia told ArmInfo.  According to the source, "In August  2022, 12-month inflation decreased to 9.1% at the end of the month.  12-month core inflation continued to grow reaching 10.2%. 

ArmInfo.

ArmInfo.Fearing sanctions is not quite a good stance, but work is necessary, Armenia's Premier Nikol Pashinyan stated at a plenary session of the Eastern Economic  Forum in Vladivostok, Russia, as he answered a question about his  fears of secondary sanctions by the West because of Armenia's  intensified contacts with Russia. 

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ArmInfo. In Armenia, essential goods have risen in price by 20% and more. Head of the  Alternative Research Center, PhD in economics Tatul Manaseryan said  in an interview with journalists, presenting the calculations of the  Center.

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ArmInfo.The single operator of the Armenian water supply system, Veolia Djur, intends to apply to the Public Services Regulatory Commission (PSRC) to increase the  water tariff by about 9 drams per 1 cubic meter.  

ArmInfo. The growth of economic activity in Armenia accelerated in H1 2022 to 11.8% per annum (from 5% in the first half of 2021), exceeding even the pre-Covid 6.5%  growth in H1 2019, which was accompanied by a surge in imports and  exports.