ArmInfo.Inflation in Armenia will approach 2.2%-2.5% by the end of the year. Governor of the  Central Bank of Armenia Martin Galstyan voiced a similar forecast on June 11 during a press conference. He noted that the inflation rate will depend on the indicators of the agricultural sector.

ArmInfo. The government does not yet have the final figures for the damage caused by the flood in  the Lori region, which would allow us to more accurately assess the volume of expenses and understand how to respond to the disaster. Governor of the Central Bank of Armenia Martin Galstyan stated during  a press conference on June 11, referring to the results of discussions with the RA Ministry of Finance. "But it is obvious that the scale of the disaster is large," he said.

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ArmInfo.IDBank announces the launch of idcoin, a new tool in the customer loyalty system. Clients now have the opportunity to get new loyalty points, which will be reflected both in the Idram&IDBank application and on the idplus partner loyalty platform.

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ArmInfo.The Central Bank of Armenia continues to reduce the refinancing rate - and this time by  0.25 percentage points - from 8.25% to 8%. The decision to reduce the refinancing rate again was made on June 11 at a meeting of the Council of the Central Bank of the Republic of Armenia. In accordance  with this, rates on pawnshop repo have been reduced by the same amount - from 9.75% to 9.5%, and on deposits attracted from banks - from 6.75% to 6.5%.

ArmInfo.The Armenian authorities are moving towards a gradual abolition of the program for  returning income taxes to mortgage holders. The National Assembly of the Republic of Armenia at the plenary meeting on June 11, in the second and final reading, discusses amendments to the Tax Code of the  Republic of Armenia.

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ArmInfo.Armenian producers will take part in the international food and beverage exhibition Food  Africa-2024, which will be held from December 3 to 5 in Cairo.

ArmInfo. With the financial assistance of EasyPay, Technological Education Foundation and Armenian Code Academy have launched the “Financial Literacy” free course, a comprehensive training program for developing finance skills. 

ArmInfo.CaseKey Academy has opened in Armenia, promising to give a new impetus to business  education in Armenia. Trusting the CaseKey team and considering many years of effective cooperation, Team Telecom Armenia has become a partner of the Academy. As reported by the company's press service,  the Academy opened its doors to young professionals and students with the aim of developing their business skills and promoting international cooperation.

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ArmInfo.Armenian-Indian business forum, organized by the Embassy of India in Armenia in  cooperation with the RA Ministry of Economy, was held in Yerevan.

ArmInfo.Armenia was elected a Member of the Economic and Social Council for the years 2025-2027 in  the vote held at the UN General Assembly in New York on June 7.  According to the press service of the Foreign Ministry, three countries were nominated for two vacant seats - Armenia, Bosnia and Herzegovina and Azerbaijan.

ArmInfo.The Central Bank has identified two main groups of risks threatening the financial  stability of Armenia. The first is the risk of escalation in conditions of high geopolitical uncertainty. The second is the risk of possible overheating in the mortgage lending market.  

ArmInfo.ARMSWISSBANK informs about starting the placement of 3 coupon bonds from the 10^th of June, 2024.