ArmInfo. In April 2023, y-o-y inflation in Armenia's consumer market dropped to 3.2% (from 8.4% in  April 2022). This was largely due to last year's significant drop in inflation in the food market, and to a lesser extent in non-food products, as service tariffs continued to rise rapidly.  This is evidenced by the data of the Statistical Committee of the Republic of Armenia.

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ArmInfo.More than half of the population of Armenia (55%) feel insecure, anxious, afraid of the  future, or completely disappointed, and do not believe in any reforms. This is evidenced by the results of a survey conducted by Breavis in January-March 2023 commissioned by IRI.

ArmInfo.On May 4, the Government of Armenia approved the draft Law of the Republic of Armenia "On the  Ratification of the Agreement on the Establishment of Local Branches of the German Society for International Cooperation LLC (GIZ) and the Bank for Reconstruction Credits (KFW).

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ArmInfo. With the assistance of the European Union, a new checkpoint will be built in Meghri. On May  3, RA Prime Minister Nikol Pashinyan statedfrom the rostrum of the RA National Assembly.

ArmInfo. For many years, tariffs for connecting new subscribers to the Electric Networks of Armenia  CJSC were far from realistic.  RA Minister of Territorial Administration and Infrastructures Gnel Sanosyan stated.

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ArmInfo. Armenia's gross international reserves decreased by 9.4% in Q1 2023 (against a 10% decline in Q1 2022) or by $387.4 million, amounting to $3.724 billion  (against a historical maximum of $4.112 billion in December 2022).  This is evidenced by the data of the Central Bank of the Republic of  Armenia.

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ArmInfo.This January-April, Armenia's tax revenues totaled AMD 758.1bln, AMD 126.3bln or 20% more  as against last January-April. 

ArmInfo. The scenario of the planned monetary policy (MP) of the Central Bank of RA envisages a rapid  decline in y-o-y inflation, which will be below the target level in the near future, and will stabilize at the target level of 4% in the medium term. Head of the Central Bank of the Republic of Armenia Martin Galstyan stated on May 2 during a press conference, presenting the rationale for the regulatory decision to keep the refinancing  rate at the level of 10.75%.

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ArmInfo.The results of macroprudential stress testing of the banking sector in Armenia show  that even under a negative scenario, the system is able to absorb  possible losses while maintaining the continuity of financial  intermediation. Chairman of the Central Bank of Armenia Martin  Galstyan stated during a press conference on May 2.

ArmInfo."Certain processes in the service sector lead us to believe that we have not yet won a  final victory in the fight against inflation," Governor of the Central Bank of Armenia, Martin Galstyan said during a press conference today.