ArmInfo. The French Development Agency will provide Armenia with a loan of 75 million euros to implement the country's state budget support program. The draft law "On ratification of the agreement between the RA Government and the AFD" was approved at the meeting of the RA Cabinet of Ministers on August 8.

ArmInfo.

ArmInfo.This year, Ardshinbank has once again been honored with the "Best Corporate Bank in Armenia" award by the British Euromoney magazine. The Bank has been recognized as the best due to its high-quality, diverse, and flexible financial services, excellent customer service, and continuous innovation. This is primarily evidenced by the Bank's outstanding financial performance.

ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo. The current government is proud of the tax overfulfillment in Armenia over the past two years.  However, already at the end of the first quarter of 2024, the authorities, albeit in a low voice, began to talk about the possible underfulfillment of the target state budget indicator, and by the end of June they officially announced that tax arrears had reached approximately 9%.

ArmInfo. In 202, Armenia reduced its natural gas imports by 8.1% to 2,725,280.3 cubic meters, with a 6.7% decrease in customs value to $470.1 million. According to data from the RA Customs Service, Armenia traditionally imports natural gas from Russia and Iran. 

ArmInfo. In 2023 Armenia reduced its copper ore exports by 20.4%, amounting to 326.7 thousand tons compared to 4.4% decline in 2022.The customs value of copper ore also decreased by 27.1%, totaling to $483.1 million. 

ArmInfo. This coming weekend,  August 10 and 11, the Victory Park in Yerevan will host the 6th city  tourism festival "TARAZfest". This was reported by the Ministry of  Economy of Armenia.

ArmInfo. Russia continues to be the primary supplier of wheat, flour and corn to Armenia.  According to the RA Customs Service, in 2023, Armenia imported 343.6 thousand tons of wheat, which is 5.8% lower compared to the previous year. At the same time, the Russian Federation accounted 99.9% of these imports, with the remaining volume divided between Hungary and Kazakhstan. The customs value of the imported wheat also decreased by 38.6% to $62.8 million. Wheat exports from Armenia decreased by 96.6% to 122.8 tons, with a 75.4% decrease in customs value to $179.4 thousand. The entire volume was destined for the Russian market.  During the reporting period, 65.5 thousand tons of wheat flour were imported into the country, showing a 2-fold increase from the previous year, with a decrease in customs value by 11.2% to $10 million. 99.5% of wheat flour supplies were imported from Russia, while the remaining volume came from Italy, Kazakhstan, China, Belarus, France, Germany and Spain. In the same period, Armenia increased its wheat flour exports by 5.9 times to 35.1 tons.

ArmInfo.

ArmInfo. On August 7, Deputy  Minister of Territorial Administration and Infrastructure of the  Republic of Armenia Armen Simonyan received a delegation headed by  the Charge d'Affaires of China in the Republic of Armenia Chen Ming.

ArmInfo.

ArmInfo. AMD 4,165,643 is the result of the July program of “The Power of One Dram” initiative, which will be fully transferred to the Social Impact Award program of Impact Hub Yerevan, aimed at developing social entrepreneurship in our country.

ArmInfo.In 2023, Armenia  increased car imports by 86.3% to 86.8 thousand units. Accordingly,  the customs value also increased - by 84.5% to $ 1.3 billion. This is  evidenced by the data of the RA Customs Service.

ArmInfo. In 2023, Armenia  exported 25.2 thousand tons of aluminum foil, with an annual decrease  in volumes of 22.5% (versus a decline of 4.2% in 2022).  Accordingly,  the customs value of exported aluminum foil also decreased - by 31.5%  to $ 87.3 million.  This is evidenced by the data of the Customs  Service of the Republic of Armenia. 

ArmInfo. According to the  results of 2023, the main sugar import markets for Armenia were  Russia and Brazil. Moreover, the share of Russian sugar exceeds the  volumes of Brazilian sugar, while for many years Brazil was the main  importer of sugar for Armenia.

ArmInfo. Armenian Minister of  Economy Gevorg Papoyan received representatives of the United States  Agency for International Development (USAID).

ArmInfo.In 2023, Armenia  increased diamond exports by 88.2% to 4,458.7 thousand carats, with a  customs value increase of 41.5% to $592.8 million. This is evidenced  by the data of the RA Customs Service