ArmInfo. In the context of achieving Armenia's goals for inclusive economic growth, the World Bank considers it necessary to attract public and private investment, develop a green economy and continuously promote digital transformation. Mr Asad Alam, Regional Director of the World Bank for Europe and Central Asia, stated during a meeting with Deputy Prime Minister of the Republic of Armenia Mher Grigoryan.

ArmInfo.The most significant positive impact on Armenian exports was the approximately 3.4-fold  increase in exports to the UAE. This was stated by Finance Minister Vahe Hovhannisyan on May 29 in parliament at a hearing on the implementation of the budget for the past year.

ArmInfo.In 2022 and 2023, Armenia managed to overfulfil the country's economic growth rates.  Prime Minister of the Republic of Armenia Nikol Pashinyan announced on May 29 in the country's parliament.

ArmInfo.In 2023, the financial authorities of Armenia strictly adhered to fiscal rules - the capex exceeded the state treasury deficit by approximately 284 billion drams, and the level of government debt was lower than planned by 1.7 percentage points, Finance Minister Vahe Hovhannisyan stated on May 29 in parliament at a hearing on the implementation of the budget for the past year.

ArmInfo. Broadcasting of the First Russian Channel in Armenia has been suspended, Minister of  High-Techl Industry of the Republic of Armenia Mkhitar Hayrapetyan said. 

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ArmInfo.The opening ceremony of Armenia's largest and most powerful Data Processing Center (DPC) of  the OVIO company  was held in Abovyan (Kotayk region).

ArmInfo.There are no problems in trade between Russia and Armenia. This was stated by Russian  Deputy Prime Minister Alexey Overchuk, Interfax reports.

ArmInfo. Converse Bank began issuing and servicing China UnionPay system cards - UnionPay Gold and  UnionPay Platinum. This was noted in a message issued by Converse Bank on May 27.

ArmInfo. Rostelecom Armenia announced the beginning of rebranding and will henceforth operate under the new brand OVIO.

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ArmInfo. In Armenia, the price index of industrial products began to rise. Thus, in January-April  2024, the price index for industrial products totaled 100.7% (versus 98.9% in the same period in 2023). This was observed against the backdrop of a sharp acceleration in the y-o-y growth of the industrial sector from 2.4% to 26.8% in January-April 2024, providing volumes of 953.3 billion drams ($2.4 billion).

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ArmInfo.Team Telecom Armenia announced the resumption of cellular communications in most of the  city of Alaverdi, fixed-line communications and the Internet are partially available.

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