ArmInfo. The Central Bank of Armenia and the German KfW Development Bank on December 20 signed a loan agreement for 70 million euros for the implementation of the 3rd stage of the financing program for small and medium-sized businesses  in Armenia. This amount is essentially the largest in the period of  the Armenian-German intergovernmental cooperation under this program.   This is stated in the message of the Central Bank of the Republic of  Armenia, where it is noted that in addition to the agreement,  technical support is provided.

ArmInfo.The Armenian government will allocate 155 million drams for a project implemented with the United Nations Development Program (UNDP) to create an  accelerator for the development of women's entrepreneurship and  women's employment in Armenia.  Minister of Economy of Armenia Vahan  Kerobyan and UNDP Resident Representative in Armenia Natia  Natsvlishvili discussed this during the meeting.

ArmInfo. From December 13 to December 17, dollar transactions in the foreign exchange interbank of Armenia increased by 37.2%, after falling by 2.4% in the previous week (from December 6-10).

ArmInfo. The number of vehicles with a compulsory motor third party liability insurance (CMPTL) policy in Armenia is gradually recovering its growth rates,  which allows the growth of fees to gain momentum.

ArmInfo. By December 10, 2021, the tax revenues of Armenia`s consolidate budget had totaled AMD 1,438.6bln (over $ 3,003,514,000), 13.9% (AMD 175.3bln) more than in  the corresponding period of last year. 

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ArmInfo. FLYONE ARMENIA has canceled all flights to Russian cities scheduled from December 20 to January 31. According to the company's statement, such a decision was  made due to circumstances beyond the company's control.

ArmInfo.Armenia`s Cabinet has allocated about $.1.7mln for research and development in the defense sector. 

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ArmInfo.The Ministry of Economy is most concerned over the continuing import of Turkish goods to Armenia, RA Minister of Economy Vahan Kerobyan told a news briefing as he presented the results of Armenia`s sanctions against Turkish goods  after the 44-day war in Karabakh. 

ArmInfo.In 2022, Yerevan's own revenues will grow by 3.8 billion drams compared to 2021. The Yerevan Municipality administration presented a draft budget for the next  financial year.

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ArmInfo.The European Bank for Reconstruction and Development (EBRD) has approved $15mln loans under the micro-, small and medium sized enterprises (MSMEs - $5mln) and Women in Business (WiB - $10mln) for Ameriabank. According to an EBRD report, loans are provided under the SME Competitiveness Programme in  Eastern Partnership (EaP SMEC). 

ArmInfo.Ameriabank has signed USD 20 million loan agreements with responsAbility Investments AG and the Global Climate Partnership Fund (“GCPF”) aimed at financing small and medium size enterprises and green projects in Armenia.

ArmInfo. Even amid higher inflation, Armenian citizens` living standards are, on average, higher than a couple of years ago, RA Minister of Economy Vahan  Kerobyan told reporters on Thursday.  

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ArmInfo.INECOBANK has resumed issuing its bonds after a two-year break - this is a tranche of 2 billion drams. This is indicated in the prospectus of this issue  posted on the website of the Central Bank of the Republic of Armenia,  according to which the initial placement started on December 16, 2021  and is scheduled for completion on March 16, 2022.

ArmInfo.From January 1, 2022, the minimum pension and benefits in Armenia will increase by 2,100 drams (about $ 4). The corresponding decision was approved on  December 16 at a government meeting, the Ministry of Labor of Armenia  reported on its Facebook page. 

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