ArmInfo.

ArmInfo.Caucasus and Central Asia (CCA) countries will feel the brunt of the direct effects of the war and associated sanctions mainly through trade, remittances, and  financial links with Russia and Ukraine.  Such a forecast is given in  the IMF's April 2022 Regional Economic Outlook (REO): Middle East and  Central Asia, which describes the direct spillover effects of the war  in Ukraine and sanctions against Russia on the Caucasus and Central  Asia.

ArmInfo.On April 20 and April 27, at the platform of the Eurasian Economic Commission, under the chairmanship of  Minister for Energy and Infrastructure of the EEC Temirbek Asanbekov, a meeting of the heads of the authorized bodies of the states of the Eurasian Economic Union was held to discuss the fundamental issues of  forming a common EAEU gas market.

ArmInfo. According to Armenian Economy Minister Vahan Kerobyan, it is illogical that Yerevan is the cheapest city in Europe in terms of parking fees.

ArmInfo.The first two stages of the construction of the  Ajapnyak subway station will be financed from the funds reimbursed to the city budget for the damage caused.

ArmInfo. Armenian FM Ararat Mirzoyan, who is on a working visit to India, has visited the Mumbai Financial Center. 

ArmInfo.

ArmInfo. Armenia's gross international reserves decreased by 10% in Q1 2022 (against an increase of 15% in the same period a year earlier) or by $307.4  million, amounting to $2.922 billion, according to the data of the  Central Bank of the Republic of Armenia.

ArmInfo. The sitting of the Multi-Stakeholder Group of the Extractive Industries Transparency Initiative (EITI), chaired by Deputy Prime Minister Hambardzum  Matevosyan, took place today, the press service of the Armenian  government reports,

ArmInfo. In order to introduce a quality control system and new winemaking standards, on April 28-29, a blind tasting-competition of Armenian wines will be held at the Best  Western plus Congress hotel in Yerevan.

ArmInfo.

ArmInfo. In Q1 2022, 1,046 real estate purchase and sale transactions were made in Armenia by foreigners, which is 31.6% higher than a year ago. At the same time,  foreigners accounted for 8.6% of the total number of transactions  (instead of 7.2% a year earlier).

ArmInfo.

ArmInfo. The average market price of apartments in the regions of Armenia in Q1 2022 compared to the same period in 2021 increased by 15.5%, with an increase of 5%  over the quarter, amounting to an average of 107.8 thousand drams / 1  sq.m. At the same time, transactions for the sale and purchase of  apartments in the regions increased by 31.1% y-o-y, 1453 transactions, demonstrating a decline of 5.9% over the quarter.

ArmInfo.

ArmInfo.

ArmInfo.Food and energy price shocks due to war in  Ukraine could last for years. Shift to more costly trade patterns has  begun; transition to cleaner energy could be delayed. The war in  Ukraine has dealt a major shock to commodity markets, altering global  patterns of trade, production, and consumption in ways that will keep  prices at historically high levels through the end of 2024, according  to the World Bank's latest Commodity Markets Outlook report.

ArmInfo.

ArmInfo.GeoProMining announces the completion of the co-financing of the second subvention community development program in the Vardenis region of the Gegharkunik region of Armenia. This was noted during the meeting of the General Director of GPM Gold Anatoly Gogotin with the Governor of the Gegharkunik region Karen Sargsyan.

ArmInfo. Even with high economic growth rates in January- February 2022, poverty is rapidly spreading in Armenia, and the government needs tremendous efforts to  prevent a social disaster, Armenia's Minister of Economy Vahan  Kerobyan stated at the panel meeting Central Asia: Area of  Technological Breakthrough in Tashkent, Uzbekistan.