ArmInfo.Gyumri Information Technologies Center (GITC) is launching a program aimed at advancingemployability of young people in the Tavush region. The  program will be implemented with the financial support of "HSBC Bank  Armenia" CJSC (hereinafter HSBC Armenia / Bank). This is noted in a  joint statement by GITC and HSBC Armenia.  

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ArmInfo.Being at the heart of commodity flows, Armenia has every chance of becoming one of the transit hubs for the sale of products of Russian manufacturers and  the supply of necessary products for the Russian Federation. Andrey  Rusakov, a political scientist and director of the Center for  European-Asian Studies (Yekaterinburg) expressed a similar opinion  during a press conference on November 10. 

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ArmInfo.The implementation of the Meghri hydroelectric power plant construction project on the Araks river bordering Iran is already in serious doubt.  Director at   Energy Strategy Center at Scientific Research Institute of Energy of  the Republic of Armenia Vahan Sargsyan told in an interview with  ArmInfo correspondent.

ArmInfo. The Board of the Central Bank of Armenia at its meeting on November 9 decided to register Fast Credit Capital Universal Credit Organization CJSC as a  bank under the name of "Fast Bank" CJSC and issue a license for  banking activities. This is noted in the message of the Central Bank  of the Republic of Armenia.

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ArmInfo.n December 1, ACBA Bank OJSC will put up for sale a tranche of nominal, coupon, non-documentary AMD and USD bonds in the amount of AMD 3 billion and  USD 5 million.  According to the issue prospectuses posted on the  Central Bank's website, the primary placement of both AMD and USD  issues is scheduled to be completed on January 31, 2023.

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ArmInfo.YOY inflation in Armenia reached 9.9% in September 2022. According to the forecast set in the basis of the draft state budget for 2023, 12-month inflation  will exceed the target range (4% with a plus/minus 1.5% deviation)  by the end of the year and will amount to 8.5%, and according to the  forecast of the Central Bank, the country will complete 2022 with an  inflation rate of 10%.

ArmInfo.AraratBank will underwrite AMD- and USD-denominated nominal coupon bonds of FINCA UCO CJSC between November 16 and November 18, 2022.       

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ArmInfo. Yerevan and Tehran have reaffirmed their intention to bring the bilateral trade turnover up to $3bln.  

ArmInfo.A common aviation area will operate between Armenia and the countries of the European Union. The Commission on Economic Affairs, RA National Assembly, at  its meeting on November 9 approved the draft agreement submitted by  Armenia's government. 

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