ArmInfo.YOY inflation in Armenia reached 9.9% in September 2022. According to the forecast set in the basis of the draft state budget for 2023, 12-month inflation  will exceed the target range (4% with a plus/minus 1.5% deviation)  by the end of the year and will amount to 8.5%, and according to the  forecast of the Central Bank, the country will complete 2022 with an  inflation rate of 10%.

ArmInfo.Under the 2023 draft budget, AMD 23bln (about $56mln) will be allocation to subvent programmes in Armenia's regions (the AMD/USD exchange rate is  404.74/$1), Armenia's Premier Nikol Pashinyan stated at a Cabinet  meeting on Thursday. 

ArmInfo.In an interview with Global Markets Magazine, Hovhannes Toroyan, Chief Financial Officer at Ameriabank CJSC, explains the Bank’s strategy and highlights some of the reasons for its success in the Armenia market.

ArmInfo.Next year Armenia's government will focus on maintaining macroeconomic stability, Armenia's Minister of Finance Tigran Khachatryan stated as he  presented the 2023 draft budget to parliamentary commissions. 

ArmInfo.The implementation of the draft agreement "On Free Trade in Services, Establishment, Activities and Investments" will become an important factor in the  growth of the national economies of the CIS member states. Deputy  Prime Minister of Armenia Mher Grigoryan stated this on October 28 at  a meeting of the CIS heads of government in Astana.

ArmInfo.As part of the development of the digital transformation strategy, Ameriabank  continues to create a reliable financial and technological  environment.  This time, the Bank supplemented its Ameria Business  platform, which was launched in 2018, with a new service that allows  you to register an online business - to open an IE (Individual  Entrepreneur), without visiting a bank branch.

ArmInfo.A group of  5 biologists from Yerevan State University have founded MiCoFe Startup and started recycling various types of organic waste. Using coffee waste, young biologists have created organic fertilizer stimulating crop growth.

ArmInfo.In the medium and long terms the vectors of economic relations will mostly remain  unchanged, Aram Safaryan, Coordinator of the Eurasian Expert Club,  stated at the panel discussion entitled 'Armenia and urgent  priorities of Eurasian economic integration." 

ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo. With the introduction of new technologies, Acba Bank continues to develop non-cash payments in Armenia as part of its digital transformation. Acba is the first in Armenia to present the Acba SoftPOS mobile application, based on Visa Tap to Phone technology, which enables to turn an Android-based smartphone with an NFC-enabled module into a POS terminal without additional equipment.

ArmInfo.The technology developed by the Revalcon startup simplifies the entire irrigation process: the process is controlled by mobile and web applications.

ArmInfo. On October 3 and October 4, the 20th meeting of the interdepartmental advisory commission of the National Policy Dialogue in the water sector is  being held in Armenia. This is stated in the message of the RA  Ministry of Environment.

ArmInfo. In 2023, government debt will be reduced to 50% of GDP, from expected 60.3% in 2021 and 53% by the end of 2022. This was stated by Minister of Finance Tigran  Khachatryan, presenting the draft state budget for 2023 at a  government meeting on September 29.

ArmInfo.Vahe, a director by profession, has founded a snail breeding farm in Byurakan for the snais imported from Europe. It is the first in Armenia; special conditions were created for the snails.

ArmInfo.Board members and executives of financial and non- financial corporations from Ukraine, Georgia and Armenia can from today join a new chapter of a global network  promoting the understanding and adoption of effective climate  governance. This was reported by the press service of the European  Bank for Reconstruction and Development.

ArmInfo.Despite the difficult situation created by the aggression unleashed by Azerbaijan against the sovereign territory of the Republic of Armenia, we decided not to  postpone the working events planned for today, taking into account  their importance from the perspective of the development of  Armenian-Russian relations. This is stated in the address of Prime  Minister Nikol Pashinyan to the participants of the 9th  Armenian-  Russian Interregional Forum in Yerevan.

ArmInfo.IDBank is the first in Armenia to issue Visa Platinum Business premium class cards intended for legal entities and individual entrepreneurs. Visa Platinum Business is the best combination of financial security, flexible transactions and attractive privileges․ Now we will tell you why.

ArmInfo.Idram is joining to the newly created idplus digital loyalty system. Now paying with Idram is not only fast and convenient, but also more profitable: bonuses have now been added to the cashback received from partners for payments. From now on, idplus is the new strategic partner of Idram.