ArmInfo.During a working visit to the United States, RA Minister of Finance Vahe Hovhannisyan had a meeting  with American economist, Nobel Prize winner in economics, professor at Columbia University, and former chairman of the Council of Economic Advisers to the US, President Joseph Stiglitz.

ArmInfo. The European Investment Bank (EIB) has made its first ever agreement with Ameriabank, providing the bank with 105 million euros in financing-its largest direct loan to a bank in the South Caucasus region. The funds will be used to finance micro, small and medium-sized enterprises (SMEs) in Armenia and green economy  projects.

ArmInfo. In 2024, the volume of private transfers inflow to Armenia exceeded $5.8 billion (including $1.01 billion of non-commercial nature). The outflow, on the other hand, was $4.3 billion (including $440 million of non-commercial  nature). In terms of annual dynamics, the inflow increased by 2.5%,  while the outflow increased by 7.1%. As a result, the net inflow of  transfers to the country in 2024 decreased by 9% - to $1.5 billion.  Specifically, for non-commercial transfers, the decline in net inflow  was more significant, dropping  by 35% to $573.5 million. The share  of the latter in the total net inflow decreased over the year from  53% to 38%. This is evidenced by data from the Central Bank of the  Republic of Armenia.

ArmInfo.Of the 120 thousand individual declarants in Armenia, about 60 thousand people reported on the income received in 2023. Meanwhile, about 900 thousand individuals must report on the income of 2024 in 2025. This was reported by the State Revenue Committee (SRC) of the Republic of  Armenia in response to a written request from ArmInfo.

ArmInfo.  The Armenian delegation, headed by Vice President of the Union of Industrialists and Entrepreneurs of Armenia (UIEA) Nerses Karamanukyan UMBA Vice President, took part in a regional meeting initiated by the  Confederation of Danish Industry in Copenhagen.

ArmInfo. The functions of control over the expenditure of public funds will be transferred from the Ministry of Finance of the Republic of Armenia to the State Control Service under the Prime Minister of the Republic of Armenia.  At the meeting on February 3, the Committee on Financial, Credit and  Budgetary Affairs of the National Assembly of the Republic of Armenia  issued a positive conclusion on the amendments to the Law "On the  State Control Service" and a large package of related documents  submitted by the Government of the Republic of Armenia.

ArmInfo. In connection with the situation that has developed at the Zangezur Copper and Molybdenum Combine, the company has issued some clarifications. Let us recall that ArmInfo previously reported that a group of workers had declared a strike demanding a wage increase.  ZCMC CJSC  considered these demands unrealistic, and the actions of the strikers  were considered to be outside the scope of the Labor Code.

ArmInfo.The general director of the foil rolling plant "Armenal" has changed. As ArmInfo learned, Tigran Arustamyan, who previously worked as the production director, replaced Maxim Karamanov, who worked as the head of the enterprise for only six months.

ArmInfo. Armenia's gross international reserves (GIR) increased by 2.3% or $82.4 million in 2024, exceeding $3.684 billion, while in 2023 a decline of 12.4% or $509.9 million was recorded - to $3.602 billion.

ArmInfo. In violation of the labor legislation of the Republic of Armenia and labor contracts, on January 31, 2025, a number of employees of Zangezur Copper and Molybdenum Combine CJSC did not show up for work, demanding an unrealistic salary increase in an ultimatum. By their actions, they sabotaged the work process in the company. This is stated in a joint  statement by ZCMC and the CJSC trade union.

ArmInfo. The severance of economic ties between Yerevan and Moscow could lead to systemic destabilization of Armenia's food security. This is stated in the analytical report of the Primakov National Research Institute of  World Economy and International Relations of the Russian Academy of  Sciences "Armenia's Foreign Policy at a Crossroads: A Multi-Vector  Crisis".

ArmInfo.On January 31, RA Minister of Economy Gevorg Papoyan visited Modus Granum to get acquainted with the company's activities, production capacities and the latest technologies implemented in the sector. This was reported by the press service of the Ministry of Economy of Armenia.

ArmInfo. Armenia is counting on new victories of Armenian winemakers at the World Tasting Contest "Concours Mondial de Bruxelles", RA Minister of Economy Gevorg Papoyan stated during a meeting with CMB Director Quentin Havaux.

ArmInfo. Armenia and Iran are discussing the possibilities of improving the mechanisms of mutual administrative assistance in customs and tax matters. This topic became the central one during the meeting of the Chairman of the  State Revenue Committee of the Republic of Armenia Eduard Hakobyan  with the Ambassador of Iran to Armenia Mehdi Sobhani.

ArmInfo. January 27 to 31, 2025, in Armenia's interbank foreign exchange market, three USD and three RUB transactions were effected, with no EUR transactions effected.  USD transactions showed an 87% decline against a 6.4-fold growth the previous week. RUB transactions showed a 23% growth as against an 3.6% decline. The total amount of USD transactions  exceeded that of RUB transactions 1.2-fold as against 12-fold the  previous period. 

ArmInfo.Nominal wages in Armenia from January-December 2024 compared to the same period in  2023 showed a slower growth rate of 6.4% (down from 14.6% in 2023), with an average of 287,172 AMD ($731, compared to $688 in 2023). This is evidenced by preliminary data from the RA Statistics Committee. 

ArmInfo.In Armenia, the industrial price index increased to 103.6% in January-December 2024  from 101.5% in the same period of 2023. This increase was observed against the backdrop of a modest acceleration in the annual growth of industrial sector volumes, rising from 4.1% to 4.7%, with a total  volume of 2.998 trillion drams ($7.6 billion). This is evidenced by  preliminary data from  the RA Statistical Committee. 

ArmInfo.

ArmInfo. Despite all challenges, we are committed to building an effective union that can thrive in modern realities. This was stated by Deputy Prime Minister of Armenia Mher Grigoryan during the expanded format meeting of the Eurasian Intergovernmental Council (EIGC) on January 31 in Almaty.

ArmInfo. Armenia's membership in the Eurasian Economic Union (EAEU) brings specific economic benefits to the republic, which would be nullified in the event of European integration. Russian Foreign Ministry spokesperson Maria Zakharova  made this statement during a weekly briefing on January 31.