ArmInfo.The economic situation in the member states of the Eurasian Development Bank (EDB) has a multidirectional development. If the economies of Russia and Belarus, under the strong pressure of sanctions, experienced a decrease in business activity,  then economic activity in Kazakhstan, Armenia and Kyrgyzstan, showed  strong dynamics.

ArmInfo. With a significantly stronger -than-expected Q2 indicator and continued observed activity in Q3, economic growth in Armenia this year will exceed EDB's baseline  forecast.

ArmInfo.Armenia is revising the terms of the Development of Irrigated Agriculture in the Ararat and Armavir regions project. The government has approved a relevant  amendment to its agreement with the French Development Agency (FDA)  of April 23, 2020. 

ArmInfo.At a Cabinet meeting on July 14, Syunik Governor Robert Ghukasyan spoke of problems facing the renovation work on the Tatev-Aghvani highway. 

ArmInfo. Armenia's government will allocate AMD 1.2bln to the Ministry of Emergency Situations for maintaining and purchasing special equipment. 

ArmInfo. Armenia's Government and the Asian Development Bank (ADB) have discussed new cooperation prospects, according to a report on the results of Armenian  Vice-Premier Hambardzum Matevosyan's meeting with ADB Country  Director for Armenia Paolo Spantigati. 

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ArmInfo. As part of the joint investment project of the Armenian National Interests Fund (ANIF) and Apaga Projects, a new hotel complex has already been commissioned,  construction work of zipline on the territory of the Yell Extreme  Park and the infrastructure of the Apaga Resort hotel complex is  nearing completion. This is stated in the message of ANIF.

ArmInfo. In Q1 2022, the unemployment rate in Armenia decreased to 14.8% from 16.7% in the same period a year earlier, but compared to the indicator for Q4 2021  (14.5%), it was slightly higher. This is evidenced by the data of the  RA Statistical Committee.

ArmInfo.The revaluation of the national currency significantly slows down the export of domestic goods.

ArmInfo. The super-powerful Next Generation Network (NGN) of Team Telecom Armenia is already available in Metsamor community of Armavir region.

ArmInfo. Yambol Chamber of Commerce and Industry, Bulgaria, is implementing a common project with Fund Investment Support Centre, Armenia - "WINEBIZZ- increasing  trade and cooperation in the wine sector between the Bulgarian and  Armenian SMEs and BSOs" (ENI/2019/411-865 - EU4BCC - ID 1002),  managed by EUROCHAMBRES and funded under the EU4Business initiative  of the European Union.

ArmInfo. The expenditures of the state budget of Armenia in H12022 amounted to 910.2 billion drams (about $2.2 billion). Compliance compared to the revised plan for the  reporting period amounted to 84.8%. At the same time, 17.3% of the  total expenditures alone, or 157.7 billion drams, were directed to  cover the expenses of the defense sector, which is 87.7% of the  adjusted figure for the reporting period.

ArmInfo.As of July 10, budget tax revenues totaling AMD 962.2bln were recorded - 72.1% of the target set for this January-September (AMD 1,334.9bln).  

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ArmInfo.A total of AMD 1.174bln will be invested in the Armenian nuclear-power plant (NPP) this year. 

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ArmInfo.An event dedicated to franchising will take place in Armenia, July 26 and 27.