ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo. Armenia and Iraq discussed the possibilities of expanding bilateral economic  cooperation. This was reported by the press service of the Ministry  of Economy, referring to the results of the meeting of President of  the Republic of Iraq, Abdul Latif Rashid , with the delegation of the  Economic Department of Armenia, led by Minister Vahan Kerobyan in  Iraq.

ArmInfo. The deflationary impact from the external sector on the Armenian economy will continue. This was  stated on September 12 by head of the Central Bank of the Republic of Armenia Martin Galstyan at a press conference regarding the third reduction in the refinancing rate this year from 10.25% to 9.75%.

ArmInfo. The Central Bank's decision to reduce the refinancing rate suggests that  inflation risks are more manageable today. Chairman of the Central  Bank of Armenia Martin Galstyan stated  during a press conference on  September 12.

ArmInfo.

ArmInfo. The Middle East Corridor project announced at the G20 meeting, considering its logistics, is a serious  risk for Turkey's geostrategy. Vahe Davtyan, a PhD in political science and expert in transnational infrastructure project development, shares this opinion, when asked by ArmInfo to comment on the prospects of the new project.

ArmInfo.A reduction in interest rates on loans is possible only if the overall risk  environment softens, which will also adjust deposit rates downward.  Governor of the Central Bank of Armenia, Martin Galstyan, commented  on the possible impact of reducing the refinancing rate on bank  lending rates during a press conference.

ArmInfo.The Central Bank has improved its forecast for 2023 for Armenia's GDP growth from the  previous 6.9% to an updated 7.2%. The new forecast is driven by  strong growth in the construction and services sectors.

ArmInfo.

ArmInfo.

ArmInfo.The Central Bank of Armenia again reduced the refinancing rate this time by 0.5  percentage points - from 10.25% to 9.75%.

ArmInfo. Armenia and Iran intend to intensify cooperation in the tax and customs areas. This  was discussed at the meeting of head of the State Revenue Committee of the Republic of Armenia Rustam Badasyan with the Ambassador of Iran Mehdi Sobhani.

ArmInfo.

ArmInfo.

ArmInfo. Armenia's status as an electricity exporter may decrease significantly, and the time is not far when,  having a nuclear power plant, rich hydropower resources and the potential of solar energy development, the country will simply turn into a net importer of electricity.

ArmInfo.Deflation in Armenia is very negligible due to the moderate reduction in food prices and  rising prices for services. Moreover, among food products, the prices  of sunflower oil, flour, cereals and pasta decreased most noticeably,  while vegetables and fruits had a much smaller deflationary effect.   At the same time, service tariffs continued to rise, slightly more  modestly than last year, with double-digit growth in transportation  and recreation, and medical services began to rise more rapidly.

ArmInfo.If you have a small or mobile business, the SoftPOS application from IDBank is what you need.

ArmInfo. The first 3 tourism clusters in Armenia will be created in Areni, Gyumri and  Dilijan. This was stated by the Minister of Economy of Armenia Vahan  Kerobyan, speaking at the opening of the World Tourism Investment  Forum, held in Armenia in cooperation with the UNWTO (United Nations  World Tourism Organization).