ArmInfo.On June 30, the Armenian government decided to allocate another 1.385 billion drams to co-finance subvention programs for the socio-economic development of  the regions.  According to Minister of Territorial Administration and  Infrastructures of Armenia Gnel Sanosyan, the funds will be sent for  co-financing of 24 subvention programs in 18 settlements. Of these,  22 have been implemented and 2 more are in progress (in Vardenis and  Kapan).

ArmInfo.The World Bank (WB) will provide technical assistance to bodies operating in the field of education, culture and sports through the relevant government  agencies under the Public-Private Partnership (PPP) program.

ArmInfo. Land plots of 14 settlements of the Syunik region of Armenia will be alienated for the construction of a new section of the Sisian-Kajaran road within the  framework of the Tranche-4 investment program of the North-South Road  Corridor. On June 30, the Armenian government recognized these  territories as "overriding public interest."

ArmInfo. At the meeting on June 30, the Government of Armenia nominated lawyer Seda Safaryan for the position of judge of the Constitutional Court.

ArmInfo.From July 1 to October 1 of this year, within the framework of IDSalary package, by ordering Mastercard Standard and Mastercard Gold cards of IDBank you will receive 50% cashback from the interest paid on the credit line.

ArmInfo. From January 1, 2023, pensions, the minimum wage and benefits will be increased, Armenian Prime Minister Nikol Pashinyan said at a government meeting on June 30.

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ArmInfo. Tax revenues to the state budget will exceed the level planned for the first half of the year by about 60 billion drams. Prime Minister Nikol Pashinyan stated this  at a government meeting on June 30.

ArmInfo.At the end of 2022, Armenia will ensure the GDP growth rate of 7%, which is included in the state budget. Armenian Finance Minister Tigran Khachatryan made a  similar forecast on June 30 at a government meeting.

ArmInfo.Armenia could soon be a major supplier of sugar beet seeds to the Eurasian Economic Union (EAEU) member-states as Armenia has a favorable climate for sugar  beet seeds, experts said at a meeting between Artak Kamalyan,  Minister in charge of Industry and Agriculture, Eurasian Economic  Commission, and a delegation led by Vice-Speaker of the Russian State  Duma Alexey Gordeyev. 

ArmInfo.Armenia ranks 84th in the Speedtest Global Index rankings, losing 10 points, with Internet speed being 21.46 Mbps. 

ArmInfo. The Central Bank of Armenia improved its forecast for GDP growth for 2022 from the previous 1.6% to the updated 4.9%, noting that in the absence of an  actual inflow of international visitors, Armenia's GDP growth  estimate for 2022 would be lower - 3.6%. This is noted in the  Monetary Policy Program (MPP) of the Central Bank for Q2 2022,  published at the end of June.

ArmInfo.The Central Bank of Armenia improved its forecast for 2022, expecting a real increase in exports by 5.1% and imports by 8.3%, against the previously indicated  decline in exports by 1.8% and stagnation in imports. This is noted  in the Monetary Policy Program (MPP) of the Central Bank for Q2 2022,  published at the end of June, which also indicates an improved  forecast for GDP growth for 2022 from the previous 1.6% to an updated  4.9% (against the actual 5.7% growth in 2021).

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ArmInfo. Poland considers Armenia as a profitable platform for entering the EAEU market. This was stated by  Deputy Minister of Foreign Affairs of Poland, Marcin  Przydacz, during a meeting with Deputy Heads of the Economic  Department of Armenia Rafael Gevorgyan and Armen Arzumanyan.

ArmInfo.In its updated forecast for 2022, the Central Bank of Armenia reduced the decline in net remittance inflows (including seasonal workers and private transfers)  to 12% from the previous 20% (against an actual 54% growth in 2021),  based on the foreseeable economic downturn in Russia (by 7.4%) and  the change in the dollar income of seasonal workers. This is noted in  the Monetary Policy Program (MPP) of the Central Bank for Q2 2022,  published at the end of June, which also indicates an improved  forecast for GDP growth for 2022 from the previous 1.6% to an updated  4.9% (against the actual 5.7% growth in 2021).

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ArmInfo. The business community of Armenia called on the government to find assistance mechanisms in connection with the revaluation of the dram. 

ArmInfo.In its revised forecast for 2022, the Central Bank of Armenia (CBA) expects 14.8% unemployment in Armenia (15.3% last year) against the previously  forecast 16.7%.