ArmInfo. The current irrigation system in Armenia is a system of losses of water resources, Armenian Prime Minister Nikol Pashinyan said on August 24 at a parliamentary meeting, during the presentation of the government's program for  2021-2026.

ArmInfo. One of the fundamental problems of the Armenian economy is the low level of labor productivity, Armenian Prime Minister Nikol Pashinyan said on August 24 at a parliamentary meeting, during the presentation of the government's program for 2021-2026.  So, according to Pashinyan, studies show that in Armenia this figure is $ 6.8. "This means that one worker, on average, creates a product worth $ 6.8 per hour of  work. This is a very bad indicator. For example, in Russia, productivity is $ 11.7, in the European Union, on average, $ 42.7, there are some countries in the EU where productivity exceeds $ 100, "he explained, adding that this indicates one of the important basic problems in the Armenian economy.

ArmInfo. In an interview for GlobalMarkets, Artak Hanesyan, Ameriabank’s CEO, explains the bank’s strategy and highlights some of the key reasons for its success in the Armenian market.  

ArmInfo. Converse Bank has finalized the results of two VISA cobranded campaigns.

ArmInfo. Customs reforms are a priority for the State Revenue Committee (SRC). Rustam Badasyan, Chairman of the SRC, announced this during a meeting of the Public  Council on Tax Administration Reform.

ArmInfo. A meeting with the newly appointed regional representative of the International Monetary Fund (IMF) Mehdi Raissi was held at the Ministry of Economy of  Armenia.

ArmInfo. On the foreign exchange interbank of Armenia, from August 16 to 20, 2021, the volume of dollar transactions accelerated growth to 45.2%, from 21.7% in the previous  week (from August 9 to 13). In parallel with this, acceleration of growth of dollar purchase in the intrabank foreign exchange market during the reporting week was accompanied by a rise in sales, for euro deals the trend reversed from recession to growth, and ruble  transactions continued to grow with an accelerating pace. The exchange currency platform has been idle for the fourth year already.

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ArmInfo. Yerevan. There is a high interest in Armenian products in Argentina. Ambassador Extraordinary and Plenipotentiary of Argentina to Armenia Mariano Vergara stated this during a meeting with Minister of Economy of Armenia Vahan Kerobyan. In this context, the Ambassador suggested that Armenian companies, based on the example of successful experience, consider the possibility of their representation in the Argentine market.

ArmInfo.Converse Bank launches the traditional campaign on the eve of the Knowledge and Literature Day with an expanded list of potential beneficiaries and new opportunities.

ArmInfo. Users of the Russian Fora-Bank mobile application can now transfer money from their mobile phone to Ardshinbank customers’ current or card account. To make a transfer, it is enough to know only the transfer recipient’s phone number.

ArmInfo. On August 20 of this year, IDBank, through a public offer, issued another tranche of nominal coupon bonds under the abbreviation AMANLBB2DER5.

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ArmInfo. At a meeting of the Eurasian Intergovernmental Council in Cholpon-Ata, a list of  exemptions and restrictions on the internal market of the Eurasian Economic Union, to be eliminated in 2021-2022, was approved. In total, there are 14 obstacles in the list: 13 restrictions and 1 exemption, the EEC press service reports.

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ArmInfo. RA Prime Minister Nikol Pashinyan is in Kyrgyzstan on a working visit. PM Pashinyan participated in the expanded-format session of the EAEU IntergovernmentalCouncil. Tus As the press service of the RA PM reports, prior to the session, President of Kyrgyzstan Sadyr Japarov hosted the Prime Ministers of the EAEU Member States, welcoming them in Cholpon Ata and wishing an effective session of the EAEU Intergovernmental Council.  Prime Minister Nikol Pashinyan delivered  a speech at the expanded-format meeting, where he particularly said, ''Distinguished Heads of Government, Dear participants of the meeting, I would like to start my speech with words of gratitude addressed to Ulukbek Maripov for the traditional warm reception and hospitality in this lovely corner of Kyrgyzstan.  I heartily welcome Prime Minister of Uzbekistan Abdulla Nigmatovich, as well as the authorized representative of the Government of Cuba.

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