ArmInfo. For 7 months of 2021, Armenia's public debt increased by more than $ 1 billion, reaching $ 8 billion 973 million.

ArmInfo. One of the most reputable airlines, Lufthansa, is returning to the Armenian market. From 2005 to 2008, the company carried out flights here in the direction of Munich-Yerevan-Munich. However, due to a decrease in demand for this flight Lufthansa left the Armenian market. This was announced during a press conference on August 12 by Lufthansa Group Management Director Rene Koinzack.

ArmInfo. The Association of Armenian Developers (AAD) believes that today's government's decision to gradually cancel the income tax refund program within the  framework of mortgage lending for individuals will lead to a decrease in demand for housing in the primary market and, ultimately, to a reduction in state treasury revenues and an increase in labor migration.

ArmInfo. If a decision is made to put the railway into operation, it will pass through Nakhichevan and Meghri, possibly Ijevan, Minister of Territorial Development and  Infrastructures Gnel Sanosyan told reporters on August 12 after a government meeting.  Sanosyan is convinced that in case of restoration of railway communication in the region, not only Armenia, but also the countries of the region will benefit. At the same time,  as the minister noted, it is impossible to launch a railway without building the appropriate infrastructure - there are sections where there is no railway network, a new one needs to be built. "In Soviet times, the railway also passed through Ijevan. Presumably, if peace  reigns in the region and we can completely unblock communications, it will also be economically profitable to work in this direction," the minister said.

ArmInfo. The financial authorities of Armenia, represented by the Ministry of Finance of  Armenia, are in favor of the gradual abandonment of the income tax refund program within the framework of mortgage lending in Yerevan. Corresponding amendments to the tax code of Armenia were approved at a government meeting on August 12.

ArmInfo. It happened, of course, that you called the bank with a thousand questions and urgently found out some information. Have you ever wondered how important and responsible the work of a call center employee is?

ArmInfo. Minister of  Territorial Administration and Infrastructures Gnel Sanosyan  discussed with Asset Assavbayev, Secretary General of the  Intergovernmental Commission of the Transport Corridor  Europe-Caucasus-Asia (TRACECA),the possibilities of deepening  regional economic cooperation with the TRACECA organization, in the  context of developing transport links between Armenia and the  countries of the region, including Central Asia. 

ArmInfo. The RA Ministry of Territorial Administration and Infrastructures proposes to allocate 2% of royalties paid to mining companies to impact communities.

ArmInfo.The authoritative international magazine Asian Banking & Finance named Ardshinbank "Domestic Retail Bank of the Year - Armenia in 2021". The ABF Retail Banking Awards honors outstanding banks that have introduced innovative retail banking products and services and made significant contributions to the development of the industry.

ArmInfo. The attempt of the Armenian insurance sector to get out of the loss for profit in Q2 2021 was crowned with success, but the received amount of 94 million drams ($ 189 thousand) was insufficient to zero out the six-month loss. According to the Financial Rating of insurance companies in Armenia, prepared by ArmInfo IC, the total loss of 6 insurance companies for H1 2021 was amounted to 130.6 million drams (over $ 263.4 thousand), with a 2-fold y-o-y drawdown (from plus to minus level), with a quarterly 2.5-fold growth (reaching the plus level).

ArmInfo.In H1 2021, 239,263 tourists visited Armenia, which is 22.2% less than a year ago. According to the data of the RA Statistical Committee, Armenia is the  most attractive for tourists from Russia, whose share in the total  structure was 39.1% or 93,537 tourists.  However, on a y-o-y terms, a  decline of 22.8% was recorded.

ArmInfo. The client base of Armenian banks totaled 3,213,572 individuals and 108,418 legal entities as of June 2021. This is evidenced by the data of the  Central Bank, published in the report of the RA Statistical  Committee.

ArmInfo. In H1 2021, the revenue of the information and telecommunication technologies (ICT) sector reached 159.9 billion drams (about $ 306.3 million), exceeding  the figure of a year ago by 2.8%. This is evidenced by the data of  the RA Statistical Committee.

ArmInfo. PhD in Economics, well-known theoretician economist in Russia and Armenia, Member of the Council of Armenian IDBank Karen Markaryan elected as the new Chairman of the Republican Union of Employers of Armenia .

ArmInfo.In the next 5 years, Armenia intends to ensure at least 7% economic growth, and under favorable conditions - 9%. Armenian Minister of Economy Vahan  Kerobyan stated this during his speech at the 5th Congress of the  Republican Union of Employers of Armenia.

ArmInfo."For 20 years, I have asked the previous authorities, their predecessors and the  current government to begin serious work on developing measures aimed  at stimulating investment, moving from a policy of maintaining  consumption to a policy of stimulating supply," said well-known  economist, former Prime Minister of Armenia Hrant Bagratyan speaking  at the V Congress of the Republican Union of Employers of Armenia.

ArmInfo.Converse Bank has launched a campaign within the framework of the EBRD "Women in Business" program. Within the framework of the campaign, startups and operating businesses are offered funding to replenish working capital, acquire fixed assets and repay accounts payable.

ArmInfo. As of August 10, 2021, tax revenues (tax revenues and state duty) of the state treasury of Armenia amounted to 887.4 billion drams, or 85.7% of the planned  figure for 9 months, the Budget Office of the RA National Assembly  reports, referring to operational data.

ArmInfo. There has been a significant increase in imports of electric cars in Armenia.  According to the press service of the Ministry of Nature Protection,  such an increase is associated with changes in the Tax Code of  Armenia, according to which from July 1, 2019 to January 1, 2022, the  import and sale of vehicles with an electric motor is exempted from  VAT.

ArmInfo. In Armenia, in the first half of 2021, the absolute value of natural population growth was 584 people, decreasing by 57.7% year on year, and by 74.6%  compared to 2019. The rate of natural growth of the population  decreased during the reporting period from 1 to 0.4 ppm, against 1.6  ppm two years earlier.