ArmInfo. Additional number of  identification cards will be produced in Armenia. This decision was  made at a meeting of the RA government. 

ArmInfo.

ArmInfo. Head of the State Revenue Committee (SRC) of Armenia Rustam Badasyan touched upon the reaction of expert circles to the draft proposed by the committee on the abolition of incentive norms and the establishment of stricter criminal liability for tax offenses. He called for considering the criticism - some react negatively for personal reasons, and some are actually holding meaningful debates.

ArmInfo. The Eurasian Fund for Stabilization and Development will provide Armenia with a loan of $200 million to finance the construction of the Kajaran tunnel. At a meeting on August 15, the RA government approved the draft law "On ratification of the agreement between the Republic of Armenia and the Eurasian Development Bank", which manages the EFSD funds.

ArmInfo. A new free economic zone (FEZ) will appear in Armenia. The decision on this was made at the meeting of the RA government on August 15.

ArmInfo. The deadline for contributing funds to the authorized capital of the World Trade Center Yerevan CJSC being created is postponed for 15 days. The decision on this was made at the meeting of the RA government on August 15.

ArmInfo. Starting from August 15 this year, the Central Bank of Armenia will put into circulation the transformed 5,000 and 10,000 dram banknotes of the 2024 issue. This was noted in the press release of the Central Bank of the Republic of Armenia.

ArmInfo. On August 14, RA Minister of Economy Gevorg Papoyan visited GNC-ALFA CJSC (OVIO), a provider of technological and IT solutions, where the largest data processing center in Armenia was launched.

ArmInfo.

ArmInfo. On August 14, Armenian Finance Minister Vahe Hovhannisyan received the newly appointed UN Resident Coordinator in Armenia Francoise Jacob.

ArmInfo. "One of the most important prerequisites for the development of the high-tech sector is the number of STEM graduates - in Armenia it has significantly decreased over the past 10 years, not to mention the quality of education," reads a message by the director of the Analytical Center Haykaz Fanyan.

ArmInfo. The Armenian economy will additionally grow by 0.63% due to the conclusion of the free trade agreement between the EAEU and India, according to a study by the Russian Foreign Trade Academy.

ArmInfo.On August 7, employees of IDBank and Idram visited the "Horizon" camp organized by the "Powerful Mind" NGO in the village of Marmarik, Kotayk region. The camp's main sponsor, “The Power of One Dram" initiative, directed the funds collected in June, totaling AMD 4,046,161, to support the camp. Thanks to this contribution, approximately 100 young people aged 14 to 19 from the regions, as well as from Artsakh and Javakhk, had the opportunity to develop their leadership skills, interact with experts, and establish valuable connections.

ArmInfo. Former head of the State Revenue Committee of Armenia David Ananyan believes that the latest legislative initiative of the SRC to abolish incentive norms for exemption from criminal liability may become a "bad precedent", lead to the creation of uncertainty and obstacles for business, which, in turn, will have a negative impact on economic stability and the legal trust of entrepreneurs in the system.

ArmInfo. Most member  countries continue to display robust growth: the aggregate GDP of the  EDB's region of operations increased by 4.6% YoY in January -June  2024, after an increase of 3.9% in 2023.This is evidenced by the data  of the Macroeconomic Review for 6 member states of the Bank, prepared  by EDB analysts.

ArmInfo.

ArmInfo. In the first half of  2024, Armenia's IT sector shrank by approximately 13%. The main  reason, according to former Economy Minister Vahan Kerobyan, is the  missed opportunities that were available to us.  

ArmInfo. The Ministry of Economy of Georgia reports that an international study has recognized the project of the underwater energy cable in the Black Sea ("Black Sea Submarine Cable", Black Sea Energy Submarine Cable, BSSC) as promising. The experts have also prepared a feasibility study for the project, Business Georgia reports. 

ArmInfo. On August 13, a meeting was held led by RA Prime Minister Nikol Pashinyan, during which a report on the implementation of the state budget for the first half of 2024 was presented.

ArmInfo. In September, pensioners and benefits recipients will be credited with cashback for non-cash payments for utilities in August. However, from October, cashback will no longer be offered for utility payments, the Ministry of Labor and Social Affairs of Armenia reports.