ArmInfo.

ArmInfo. A digital system for concluding employment contracts will be introduced in Armenia. At  its session on November 26, the RA National Assembly Committee on  Labor and Social Affairs issued a positive conclusion on the  amendments to the Labor Code submitted by the RA government in the  second reading. 

ArmInfo.

ArmInfo.  Newly appointed  Minister of Territorial Administration and Infrastructure of Armenia  David Khudatyan held a meeting with the head of the European  Investment Bank (EIB) office in the South Caucasus Maciej Czura. 

ArmInfo.Black Friday is the favorite “holiday” for shopping lovers, a time when many hold off on purchases to score their favorite items at the best prices. The experience is even more convenient when visiting a shopping center, where everything is easily accessible. Here, shoppers can not only enjoy fantastic discounts but also take part in exciting raffles, making the day even more rewarding.

ArmInfo.The Cross Pass is currently closed to heavy trucks in both directions due to heavy snowfall on the Gudauri-Kobi section, as reported by Vahan Hakobyan, the customs attache of the Armenian Embassy in Russia.  

ArmInfo.

ArmInfo. Economic collapse will result in a decline in the quality of life for Armenian citizens, leading to a sense of hopelessness and encouraging emigration in search of a "bright" European future and the promotion of democracy. Political scientist Garik Keryan expressed his views on an interview with Russian Ambassador to Armenia Sergey Kopyrkin.  

ArmInfo. According to official Georgian statistics, Armenia has exported 60 million kWh of  electricity to Turkey through Georgia, as reported by Prof. Vahe Davtyan, an expert in cross-border infrastructure issues and a Doctor of Political Sciences, on his Facebook page.

ArmInfo.

ArmInfo.

ArmInfo.In Armenia, economic activity growth in January- October 2024 slowed to 8.1% per annum  (from 9.2% in the same period of 2023). Unlike last year, the  industrial sector has become one of the growth drivers. According to  preliminary data from the RA Statistical Committee, this is  accompanied by continued high growth rates of exports and imports.   Although the preliminary statistical report does not provide more  detailed information, judging by the final data of the previous 9  months, the high growth of industrial production no longer comes from  the jewelry industry, which previously demonstrated growth several  times over. It is now experiencing a double-digit 26.8% decline.

ArmInfo.

ArmInfo. "Doesn't the investment risk for pension assets of beneficiaries of Armenian  pension funds increase with the expansion of the opportunity to  directly invest in private business (Private Equity)?" Artur  Khachatryan, a member of the opposition Hayastan faction, asked Armen  Nurbekyan, Deputy Chairman of the Central Bank of Armenia, at a  meeting of the National Assembly's relevant committee on November 25  during the discussion of the relevant draft law.

ArmInfo. The Eurasian Fund for Stabilization and Development (EFSD) will be transformed into a fully independent international organization with the possibility of  financing projects and programs in the national currencies of the  EFSD member states. At a meeting on November 25, the Committee of the  National Assembly of the Republic of Armenia on Financial, Credit and  Budgetary Issues issued a positive conclusion on the draft protocol  on amendments to the regulation on the establishment of the Fund,  submitted by the RA government for ratification. 

ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo. November 18 to 22, 2024, in Armenia's interbank foreign exchange market, USD and RUB transactions were effected all the days except for Friday, with no  EUR transactions effected for the third week running. USD  transactions showed a 51% decline against a 3- fold growth the  previous week. The total amount of USD transactions insignificantly  exceeded the total amount of RUB transactions. 

ArmInfo. The Ministers of Energy of Azerbaijan, Turkey, Georgia and Bulgaria convened their  regular meeting in Istanbul on November 22.  According to Turkish media reports special attention was paid to projects focused on creating efficient electricity supply chains.