ArmInfo. The European Bank for  Reconstruction and Development (EBRD) will provide Armenia with a  grant of 2 million euros and a loan of 10 million euros for the  construction of the Foreign Economic Activity (FEA) Center - a  logistics and customs terminal in the city of Sisian in the Syunik  region. Co-financing by the RA government will amount to 20% of the  total amount. 

ArmInfo. The Republic of Armenia  and the Eurasian Development Bank (EDB) will sign a loan agreement  for the provision of an investment loan in the amount of $200 million  from the Eurasian Fund for Stabilization and Development (EFSD) to  finance the project within the  framework of the road corridor investment program.  The  proposal to sign the document was approved by the Cabinet of  Ministers on July 25. 

ArmInfo. In the medium term,  Armenia will need loans in the amount of $400-450 million per year to  cover the budget deficit. This is stated in the draft decision of the  Cabinet of Ministers of the Republic of Armenia dated July 25 on the  ratification of the loan agreement with the Eurasian Development Bank  (EDB) for the provision of $100 million from the Eurasian Fund for  Stabilization and Development (EFSD). 

ArmInfo. The single operator of  the water supply and sewerage system of Armenia, the French company  Veolia Jour, claims that it does not shirk its contractual  obligations.

ArmInfo. On July 24, the Minister  of Territorial Administration and Infrastructures of Armenia Gnel  Sanosyan visited the border village of Kirants in Tavush region and  got acquainted with construction  progress of bypass roads.

ArmInfo.

ArmInfo.The mayor's office  proposed the government to reconsider the agreement with the single  water operator of Armenia, Velolia Jour, thus making it possible to  make significant investments in the country's water system, Yerevan  Mayor Tigran Avinyan stated this on July 24 during a press  conference.

ArmInfo.

ArmInfo. The French delegation  headed by the Ambassador of France to Armenia Olivier Decottignies  visited the Armenian Nuclear Power Plant (ANPP). The delegation also  included representatives of the French company Framatome, which  specializes in the development and production of equipment for  nuclear power plants.

ArmInfo.

ArmInfo. The contractor for the  construction of the 32-kilometer Kajaran-Agarak section (Tranche - 4)  of the North-South highway leading to the border with Iran is a joint  venture of Iranian companies - Abad Rahan Pars International Group  and Tunnel Sadd Ariana, which is carrying out blasting and excavation  work.

ArmInfo.

ArmInfo.

ArmInfo. Currently, the  Ministry of Economy of Armenia is developing a draft program to  support start-ups and small entrepreneurs, which includes 3  components: an event to develop entrepreneurial skills, an event for  the development of preferential lending to small businesses and an  event for the provision of an umbrella guarantee. This was announced  by the Minister of Economy of Armenia Gevorg Papoyan during a meeting  with the permanent representative of the United Nations Development  Program (UNDP) Natia Natsvlishvili, reports the press service of the  Department.  

ArmInfo. What happens if you did  not have time to submit online income declaration for  citizens of  Armenia residing in Armenia on time? How much can a penalty be  imposed for late submission of a declaration?: explains the RA State  Revenue Committee.

ArmInfo. In Armenia, in the  first half of 2024, foreign citizens completed 1,737 real estate  purchase and sale transactions, which is 21.8% lower than a year ago.   Moreover, of the total number of transactions, the share of  transactions made by foreigners accounted for 6.4% (versus 9.4% a  year earlier). This is evidenced by the data of the RA State  Committee for Real Estate Cadastre.

ArmInfo.Prices for apartments  in the regions of Armenia increased by 15% annually, and by 6.4% over  six months, amounting to an average of 144.8 thousand AMD/1 sq.m.  in  the first half of 2024. This is evidenced by data from the State  Committee of the Real Estate Cadastre of Armenia.

ArmInfo. Average market value of  real estate in apartment buildings in Yerevan in the first half of  2024. amounted to 458.1 thousand drams/1 sq.m., with annual and semi-  annual growth of 11.4% and 4.2%, respectively. This is evidenced by  data from the State Committee of the Real Estate Cadastre of Armenia.

ArmInfo. Minister of Territorial Administration and Infrastructures of Armenia Gnel  Sanosyan visited the Masrik-1 solar station.

ArmInfo.  By the end of June 2024,  Armenia had increased its dram debt to almost 50% of government debt.  At the same time, public debt in dollar terms crossed another  psychological mark of $12 billion 157.2 million (from $11 billion  845.4 million by the end of 2023). In dram equivalent, the figure  decreased from 4 trillion 794.9 billion to 4 trillion 718.9 billion.