Evocabank to receive EUR 19.4 million financial package from EBRD to  support MSMEs and large enterprises in Armenia
 Wednesday, May 14 2025,

ArmInfo.Evocabank will receive a EUR 19.4 million financial package from the European Bank for  Development and Reconstruction (EBRD) to support local MSMEs and large enterprises.

EBRD expands cooperation with Ameriabank - EUR 50 million Risk Sharing  Framework agreement signed
 Wednesday, May 14 2025,

ArmInfo.The European Bank for Reconstruction and Development (EBRD) is expanding its cooperation  with Ameriabank - a EUR 50 million Risk Sharing Framework agreement was signed. As noted in the EBRD press release, this Risk Sharing Framework (RSF) agreement was signed in London by Francis Malige, the   EBRD's Managing Director for Financial Institutions, and Hovhannes Toroyan, Ameriabank's CFO, on the sidelines of the EBRD's 2025 Annual Meeting and Business Forum 2025.

PSRC Head: Installed capacity of solar power plants in Armenia  projected to reach 557 MW in the coming years
 Wednesday, May 14 2025,

ArmInfo.The Public Services Regulatory Commission issued a permit today for the operation of the  industrial solar power plant "Masrik 1" with a capacity of 55 MW. On May 14, Mesrop Mesropyan, the head of the department, made this  announcement   during the presentation of the report on the activities of the PSRC in 2024. 

 Wednesday, May 14 2025,

ArmInfo.

Ambassador: Russia offering Armenia a wide range of nuclear power  units
 Wednesday, May 14 2025,

ArmInfo. Russia is offering Armenia a wide range of nuclear power units - from large reactors to  small modular NPPs. Russian Ambassador to the Republic of Armenia Sergey Kopyrkin announced this during a meeting with the management of the Armenian Nuclear Power Plant on May 14.

ENA`s investment program  for 2025  aims to modernize most worn-out  and vulnerable substations
 Wednesday, May 14 2025,

ArmInfo. The investment program of Electric Networks of Armenia CJSC for 2025 is primarily focused on  modernizing the most vulnerable nodes and substations.  Mesrop Mesropyan, Chairman of the Public Services Regulatory Commission of  Armenia, made this statement in the National Assembly on May 14.

PSRC Head: Electricity tariffs to remain unchanged in 2025
 Wednesday, May 14 2025,

ArmInfo. Electricity tariffs will remain unchanged in 2025, as stated by the Chairman of the  Public Services Regulatory Commission of the Republic of Armenia, Mesrop Mesropyan, during the plenary session in the National Assembly on May 14, while presenting a report on the PSRC's work in 2024.

NPP CEO: Proposals for  new NPP model to be presented in 2026
 Wednesday, May 14 2025,

ArmInfo.  The management of the Armenian Nuclear Power Plant does not have the authority to decide  on the particular model of the new nuclear power unit; this decision falls under the jurisdiction of the government, as stated by the CEO  of the plant Eduard Martirosyan during a meeting with the Ambassador of the Russian Federation Sergey Kopyrkin on May 14.

Armenian Deputy PM, Iranian Ambassador discuss bilateral cooperation  agenda
 Wednesday, May 14 2025,

ArmInfo.  Armenian Deputy Prime Minister Mher Grigoryan and Iranian Ambassador to Armenia Mehdi Sobhani discussed key issues regarding Armenian-Iranian bilateral relations at a meeting in Yerevan.  As reported by the press service of the Armenian government, the interlocutors touched upon cooperation in energy, trade, and  economic spheres, and also exchanged views on regional developments.

Armenian insurance market started to reduce compensation
 Wednesday, May 14 2025,

ArmInfo.  Since 2025, the situation in the insurance market has started to change: premiums have increased, while compensation has decreased,  leading to a significant rise in profits. This is evidenced by data from the Financial Rating of Insurance Companies of Armenia as of 31.03.2025, prepared by ArmInfo IC based on published financial reports and  missing indicators requested from the insurance companies. In the first quarter of 2025, there was a notable slowdown in in the annual  decline of insurance premiums to 7%, exceeding 20.9 billion drams (over $ 53.4 million). Compensations also saw a shift in dynamics, with a slight 0.2% decrease, amounting to 10.3 billion drams ($ 26.2 million).  As a result, net profit experienced a significant turnaround, going from a 73% decline to an 82.3% growth, reaching 807.2 million drams ($ 2.1 million). The most impressive profit growth was provided by LIGA Insurance (3 times) and the new IC Efes (9 times). Both companies were able to eliminate losses and achieve a  substantial positive level, contributing to an overall increase   market profits. For comparison, in the first quarter of 2024,  premiums and compensations had opposite trends - a 19% decline in the former was accompanied by a 43% growth in the latter, as a result of which net profit fell by 73%.

Armenia`s SRC delegation attends  fifth meeting of the Subcommittee  on Customs Issues under SEPA
 Wednesday, May 14 2025,

ArmInfo.   The delegation of the State Revenue Committee (SRC) of Armenia, led by the Deputy Chairman Rafael  Gevorgyan, participated in the fifth meeting of the Subcommittee on Customs Issues under the Comprehensive and Enhanced Partnership Agreement between Armenia and the European Union in Brussels.According to the press service of the SRC, the meeting covered legislative reforms in customs sphere, as well as the achievements and upcoming steps for digitalizing customs operations by both parties.

Armenian NPP to be shut down for preventive maintenance
 Wednesday, May 14 2025,

ArmInfo.  The Armenian nuclear power plant will be shut down for scheduled preventive maintenance and refueling on the night of May 14-15. Movses Vardanyan, Director  of the Armenian NPP CJSC, shared this information with journalists, during a visit to the plant by the Ambassador of the Russian Federation to the Republic of Armenia, Sergey Kopyrkin.

FLYONE ARMENIA offers tickets to Salonica from EUR 19 
 Wednesday, May 14 2025,

ArmInfo. FLYONE ARMENIA airline announces the sale of tickets to Thessaloniki at a price starting from 19 euros. As stated in the official statement of the company, tickets can be purchased at a special price from May 14 to 18.

Armenia may try on role of "junction zone" of Eurasian and European  economic spaces - expert 
 Wednesday, May 14 2025,

ArmInfo. In the future, Armenia may try on the role of a "junction zone" of the Eurasian and European economic spaces. This is the opinion of Tigran Meloyan, an analyst at  the Center for Mediterranean Studies at the National Research  University Higher School of Economics and a postgraduate student at the Institute of World Military Economy and Strategy at the National Research University Higher School of Economics.

 Wednesday, May 14 2025,

ArmInfo.

Number of jobs up in all sectors of Armenia`s economy - minister 
 Wednesday, May 14 2025,

ArmInfo.  According to data for the first quarter of 2025, 782,100 jobs are registered in Armenia. This was stated by the Minister of Economy Gevorg Papoyan in an interview with the First TV Channel of Armenia. Moreover, in March alone, the annual growth was recorded at 7.8%.

The state  to compensate 40% of farmers` costs for  installing  anti-hail nets in all communities of Armenia
 Tuesday, May 13 2025,

ArmInfo.The state intends to compensate 40% of farmers' costs for the installation of anti-hail  nets in all communities of Armenia. This was stated by the Minister of Economy of Armenia Gevorg Papoyan. He notedg that the relevant bill had received a positive conclusion at a meeting of the commission and will  likely be approved at the next government meeting.

One of the most common fraud schemes is phone calls: how to protect yourself
 Tuesday, May 13 2025,

ArmInfo. Unfortunately, fraudsters are constantly evolving their schemes, coming up with increasingly “ingenious” ways to obtain people’s e-wallet passwords and card details. One of the most common methods today is phone fraud.

Papoyan comments on the situation regarding Armenian cargo in  Georgia: There is an issue, and I think our businessmen are right
 Tuesday, May 13 2025,

ArmInfo.At present, we are actively working and discussing various scenarios and situations with  our Georgian partners. Business representatives are also involved in these discussions. Armenian Minister of Economy Gevorg Papoyan made this statement in the National Assembly while answering questions  from parliamentarians about the situation at the Gezi terminal, where Armenian trucks with wine and cognac products have been stranded there for more than a month.

 Tuesday, May 13 2025,

ArmInfo.

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