ArmInfo.Haykaz Fanyan, director of the Modex consulting company, warns of the danger of a repetition of the "South Korean scenario" in Armenia and calls on the  authorities to "blow off" the mortgage bubble in the real estate  market.

ArmInfo.The Eurasian Economic Union (EAEU) is Armenia's principal partner, Aram Safaryan, Coordinator of the Eurasian Expert Club, stated at a press conference  on Wednesday. 

ArmInfo. The Russian-Ukrainian conflict had a positive impact on Armenia. Tatul  Manaseryan, Doctor of Economics, professor, head of the "Alternative"  Research Center, a member of the Eurasian Expert Club, stated this on  February 15 at a press conference.

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ArmInfo. Within the framework of the World Government Summit, Armenia's Minister of Economy Vahan Kerobyan delivered a speech during the Agility,  Innovation, and the Government Renewal Challenge session.

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ArmInfo.Armenia's Deputy Minister of Economy Rafael Gevorgyan received representatives of Armenia's leading brandy companies. 

ArmInfo.AraratBank, consistent with its customer-centric policy and in view of the demand for low-interest loans, kicks off a new credit offer for both small and medium-sized enterprises and major customers.

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ArmInfo. According to the estimates by experts of the Eurasian Development Bank (EDB), private money transfers to Armenia, Kazakhstan, Kyrgyzstan and Uzbekistan totaled $2.6bln last year - a 1.9-fold growth as compared with 2021.

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ArmInfo. Currency volatility causes significant risks not only for the state, but also for those citizens who have foreign currency and especially mortgage loans.  Armenian MPs of the ruling party noted the risks and suggested  issuing mortgages in drams, except in cases where citizens have  proven income in foreign currency.

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ArmInfo. On February 13, RA NA President Alen Simonyan received the delegation led by Chair of the NA Korea-Armenia Friendship Group of the Republic of Korea Ki Hun  Song, the press service of the RA NA reports.  At the meeting the  importance of inter-parliamentary cooperation in the Armenian- Korean  bilateral relations was stressed.

ArmInfo. I Iran can become one of main destinations for tourists from Armenia. A well-known Armenian economist Suren Parsyan adheres to a similar point of view.

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ArmInfo.Fitch Ratings has revised the Outlook on Armenia's Long-Term Foreign-Currency Issuer Default Rating (IDR) to Positive from Stable and affirmed the IDR at  'B+'. This is noted in the Fitch report, which also provides an  improved estimate of Armenia's GDP growth for 2022 to 11.6%, with a  further slowdown in 2023 to 6.1% and in 2024 to 4.7%.

ArmInfo.A meeting chaired by Armenia's Deputy Minister of Economy Ani Israelyan discussed businesses' problems.