ArmInfo.

ArmInfo.he first Armenian national airline FLYONE ARMENIA launches a direct flight to one of the largest cities in  Western Germany - Dusseldorf.

ArmInfo.

ArmInfo.Ameriabank's SME loan portfolio amounted to AMD 163.6 billionas of December 31, 2022,  representing a double increase over the last five years, the press service of the Bank reports.

ArmInfo.The real estate market has now calmed down - it is too early to talk about a decline in prices, but there is no noticeable growth either. Minister of Economy of Armenia Vahan Kerobyan said on March 2 on the sidelines of the event dedicated to the signing of an agreement on the opening of local representative offices of GIZ and KfW in Armenia.

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ArmInfo. GIZ (German Society for International Cooperation) and the KfW German development bank  will open local offices in Armenia. The corresponding agreement was  signed on March 2 by Armenian Minister of Economy Vahan Kerobyan and  Ambassador Extraordinary and Plenipotentiary of Germany to Armenia .  Viktor Richter.

ArmInfo. As part of the construction of the 200 MW Aig-1 solar power plant  on an industrial scale, a land plot with a total area of 169.8614 hectares, belonging to the Talin community of the Aragatsotn region of Armenia, will be donated to the Republic of Armenia, after which the property should be included in the authorized capital of Armenian National Interests Fund (ANIF). The decision was made at a cabinet meeting on March 2.

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ArmInfo. Shell, a British oil and gas company will enter the Armenian market. Minister of Economy of Armenia Vahan Kerobyan stated this in an interview to the Public Television of Armenia.

ArmInfo. On March 1, 2023, the Board of Directors of Ucom CJSC announced a CEO transition. Ara Khachatryan, the current  CEO of Ucom CJSC, and the Board have mutually agreed  upon transition of his executive functions, while continuing to support the Company.  Ralph Yirikian has been appointed new Chief Executive Officer of Ucom CJSC.

ArmInfo.The implementation of the "Irretrievable lubricoolant loss reduction" project at the ARMENAL plant saved a total of $540,000 last January-September, due to 17% reduction in the specific consumption of lubricoolant. 

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ArmInfo.Today, our country is facing such challenges that do not allow us to abandon the fulfillment of our international obligations, including the  abandonment of the high economic benefit from the exploitation of the Amulsar gold mine. RA Minister of Economy Vahan Kerobyan stated this  in an interview to the Public Television of Armenia.

ArmInfo. In Armenia, industrial growth continues to lag behind growth in economic activity. This is  stated in the study of the "Luys" Foundation, which used the data  published by the Statistical Committee of the Republic of Armenia for  the year 2023 in its analysis of the socio-economic developments of  the RA economy in January 2023.  

ArmInfo. Armenia's gross international reserves (GIR) fell from a historic high of $4.112 billion in December 2022 to $3.689 billion in January 2023. In particular, gross international reserves decreased in January by 10.3% or by $422.6 million (after December's 17% growth or by $594  million). At the same time, the y-o-y dynamics remained in growth, but with a noticeable slowdown in rates from 31% to 18%, i.e. in  absolute terms, last year's growth by $738 million has narrowed this year to $551 million. This is evidenced by the data of the Central  Bank of the Republic of Armenia.