ArmInfo.The Ministry of High-Tech Industry of Armenia is proposing to grant four new primary functions to the Military-Industrial Committee. The National Assembly of Armenia adopted amendments to the law <On the military-industrial complex> in the first reading during its session on October 1st.  As the head of the department Mkhitar Hayrapetyan stated when presenting the initiative, this project proposes to grant new functions to the Military-Industrial Committee, which will contribute to the development of the country's military industry.

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ArmInfo. In a word, the state budget of Armenia for 2025 is <super ambitious>. Moreover, this  applies to both expected revenues and expenses. This is the opinion of the head of the ACSES analytical center Haykaz Fanyan.

ArmInfo. Chairman of the Eurasian Economic Commission (EEC) Bakytzhan Sagintayev presented the  concept of the Digital Union idea at the plenary session of the Eurasian Economic Forum with the participation of the heads of government of the EAEU countries.

ArmInfo.During the III Eurasian Economic Forum, Sergey Ignatov, Senior Managing Director of  the Eurasian Development Bank (EDB), presented the Bank's main achievements and plans regarding transport connectivity in Eurasia. This area is one of the key priorities of the EDB in accordance with the Bank's Development Strategy for 2022-2026.

ArmInfo.The concept of trusted data storage occupies a central place in the philosophy of  Armenia's digital transformation. This was stated on October 1 by Armenian Prime Minister Nikol Pashinyan during the plenary session of the Eurasian Economic Forum with the participation of the heads of  government of the EAEU countries.

ArmInfo. On the sidelines of the III Eurasian Economic Forum, a working meeting was held between  the Minister for Integration and Macroeconomics of the Eurasian Economic Commission Eldar Alisherov and the heads of the national statistical services of the Eurasian Economic Union countries. 

ArmInfo. "We do not operate in a synchronous zone with the energy system of Iran, and our neighbor Georgia does not operate in a synchronous zone with Russia, for this reason it is necessary to synchronize the operation of the electric power networks of Iran, Armenia and Georgia," said Deputy Minister of Territorial Administration and Infrastructure of Armenia Hakob Vardanyan during a session on "Prospects and advantages of participants in the common electricity market of the EAEU in centralized electricity trade", which took place during the Eurasian  Forum. 

ArmInfo. Armenia can produce more electricity for export than it currently consumes. This was  stated by Deputy Minister of Territorial Administration and Infrastructure of the Republic of Armenia Hakob Vardanyan during a panel session on the topic: 

ArmInfo.On September 29, the annual Koreez Educational Oscar award ceremony for students of different age groups was held at the Karen Demirchyan Sport/Concert Complex.

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ArmInfo. We are entering the second copper-bronze age, because according to all forecasts,  copper, molybdenum and a number of other metals will become the driving force of the economy.

ArmInfo.Despite making a significant contribution to the country's economic development and  tax base, Armenia's mining industry, unfortunately, does not fully utilize its full potential according to international standards. This was noted by Vardan Janyan, First Deputy General Director of the Zangezur Copper and Molybdenum Combine (ZMMC) and President of the Union of Miners and Metallurgists of Armenia, during his report at the Mining Armenia Forum.

ArmInfo.There are only 34 new copper projects in the world, five times fewer than the number required just for electric vehicle production over the next 25 years.  This was stated by Roman Khudoliy, the CEO of the Zangezur Copper and Molybdenum Plant (ZMMK), during his speech at the opening of the Mining Armenia Forum. The Forum was held on the topic of <Modern mining industry: problems and opportunities of Armenia's resources in the context of the global economy>.

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ArmInfo. Armenia's gross international reserves (GIR) decreased by 14.6% annually, or $615 million by September 2024, reaching $3.605 billion. A year ago they had increased by 16.5%, or $598 million. This trend shows that GIR is moving further away from the historical maximum of $4.2 billion reached in August 2023. This is evidenced by the data of the Central Bank of the Republic of Armenia.

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