ArmInfo.

ArmInfo. Deputy Prime Minister of Armenia Mher Grigoryan does not rule out that the revaluation of the dram (national currency) may be long-term, as well as gas and  electricity tariffs may be reduced.

ArmInfo. Minister of Economy of Armenia Vahan Kerobyan once again expressed his disagreement with the Central Bank of Armenia, referring to the latest forecasts of the  Regulator for economic growth (on14, it was announced 4.9% for 2022,  ed. note). He stated this to journalists on June 15 on the sidelines  of the opening ceremony of the Science and Business Days forum.

ArmInfo.

ArmInfo.Armen Avetisian has been appointed new CEO of VIVA-MTS.

ArmInfo. This January-May, Armenia's national debt increased by nearly $355mln and reached $9,580.5mln. By 2025, Armenia will have to spend up to $1.4bln to  cover and serve the government debt accumulated by May 31, 2022, (the  debt of the Central Bank of Armenia [CBA] not included). In 2029,  this amount is expected to reach $3.1bln and in 2031, nearly $1.5bln.

ArmInfo.

ArmInfo. Armenia today is a country of opportunities with a modern, educated, hardworking human capital, cooperating in various formats with numerous countries.   Armenian Minister of Economy Vahan Kerobyan stated this during his  speech at the solemn opening ceremony of the  Science and Business  Days conference.  He noted that the future of Armenia is in  technological development, building a knowledge-intensive economy,  which is a priority for the government in terms of the development of  the country.

ArmInfo.The Armenian government may allocate 6-7 billion drams for the construction of the Tatev-Aghvani road instead of the already allocated 1.5 billion drams. Minister of Territorial Administration and Infrastructures Gnel Sanosyan stated this to  journalists on June 15.

ArmInfo.

ArmInfo.

ArmInfo.The impressive inflow of foreign currency into the Armenian market, which exceeded last year's level by several times, became one of the reasons for the  revaluation of the dram. Armen Nurbekyan, Head of Macroeconomic  Directorate at Central Bank of Armenia, stated this during a press  conference on June 14.

ArmInfo. In Armenia, a significant increase in exports and financial inflows also contribute to the revaluation of the dram in the foreign exchange market, and  the latter, according to the Central Bank, will have a positive  impact on the weakening of the domestic inflationary environment in  the near future. Head of the Central Bank of the Republic of Armenia  Martin Galstyan announced this on June 14 during a press conference.

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ArmInfo. In Armenia, the amount  of the fine for the lack of an CMTPL policy will be halved   (compulsory third-party liability insurance policy-CMTPL policy). At  the plenary session on June 14, the Parliament of the country  discusses the amendments to the Code of Administrative Offenses in  the first reading.

ArmInfo. The housing renovation loan program in Armenia will be available in June this year. Program Manager at Central Bank of Armenia Davit Kirakosyan announced this  during a press conference on June 14.

ArmInfo. The Central Bank of Armenia and this time left the refinancing rate unchanged - at the level of 9.25%. As the press service of the Central Bank of Armenia  told ArmInfo, this decision was made on June 14 at a meeting of the  Board of the Central Bank of Armenia.

ArmInfo.The gross international reserves of Armenia decreased in January-May 2022 by 2.4% or by $78.7 million, amounting to $3.151 billion, according to the data of the  Central Bank of the Republic of Armenia.