ArmInfo. In Armenia, the volume of cargo transportation from January to November 2024 continued to decline with an acceleration in annual rates from 2.1% to 10.2%, totaling 15,269.2 thousand tons. According to data from the  Statistical Committee of the Republic of Armenia, the decline was due  to a significant drop in cargo transportation by rail and a decrease  in the overall volume of road cargo transportation.  

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ArmInfo. Moscow considers Yerevan's decision to launch the European Union (EU) accession process as the start of Armenia's exit from the Eurasian Economic Union (EAEU), as stated by Russian Deputy Prime Minister Alexei  Overchuk to journalists, TASS reports.

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ArmInfo. In the first 11 months of 2024, Armenia generated 8,455 million kWh of electricity, which is 5.9% higher than the same period of 2023.

ArmInfo. By May 1, 2025, all employees who are citizens and residents of the Republic of Armenia must submit tax returns for income received in 2024.

ArmInfo. Armenian producers will take part in the international exhibition of food, beverages and raw materials for their production in Russia and Eastern Europe - PRODEXPO-2025.

ArmInfo. From now on, the regulation of gambling activities in Armenia will be entrusted to the Ministry of Economy, and public-private partnerships - to the  Ministry of Finance. The draft law on amendments and additions to the  Law and related  laws was presented by the Minister of Finance of the Republic of  Armenia Vahe Hovhannisyan on January 15 at a meeting of the  parliamentary committee on economic issues.

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ArmInfo. On January 14, the signing of the Strategic Partnership Charter between the Republic of Armenia and the United States of America took place in the U.S. Department of State in Washington. 

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ArmInfo. The net flow of total foreign investments in the real sector of the Armenian economy decreased in January-September 2024 to a negative $119.5 million (46.3 billion AMD) from a positive $353.7 million (139.2 billion  AMD), a 2.3 times year-on-year. This is evidenced by data from the RA  Statistics Committee, which defines net flow as the difference  between attracted and repaid foreign investments. Despite this  overall decrease, the net flow of foreign direct investment (FDI)  remained positive, although it did decrease by 9 times year-on-year -  from $436 million (171.5 billion AMD) to $48.5 million (18.8 billion  AMD).

ArmInfo. Armenia has a busy agenda with Iran, and it is necessary to continue cooperation in all areas. This was stated by the Minister of Territorial Administration and Infrastructure of the Republic of Armenia David Khudatyan during a meeting with the delegation of the Iranian parliament, headed by the head of the IRI-RA friendship group Ara Shahverdyan.

ArmInfo. In 2023, the real incomes of Armenian families have experienced growth. Aghasi Tavadyan, an expert at the Amberd Research Center and founder of the tvyal.com analytical portal, wrote on his Facebook page.   Particularly, in 2023, the average family income increased by 15.3%  (331,000 drams). After a decline in the previous year,  high  inflation (8.3%) significantly reduced real incomes. However, in  2023, there was price stability (official inflation was -0.6%) and  growth from 2022. This eventually led to an increase in the standard  of living.  The adjusted income of the average family increased by  15.3%, from 287,000 AMD to 331,000 AMD. At the same time, the income  of the poorest category of the republic's residents (high threshold)  increased by 23.2%, from 95,000 AMD to 117,000 AMD. Additionally, the  income of the richest 10% (lower threshold) increased by 14.5%,  from  670,000 AMD to 767,000 AMD.

ArmInfo. Ameriabank has signed a $200 million long-term loan agreement with the International Finance Corporation (IFC) to support climate finance initiatives, micro, small, and medium enterprises (MSMEs), and women-owned MSMEs in Armenia. The agreement, the largest ever signed between IFC and a financial institution in Armenia, represents a significant milestone in advancing Armenia’s green transition, enhancing climate resilience, and aligning with both national and global climate goals. Half of the funding will be allocated to climate finance projects, a quarter to MSMEs, and another quarter to women-led MSMEs.

ArmInfo.ARMSWISSBANK CJSC proudly announces its membership in the United Nations Environment Programme Finance Initiative (UNEP FI) and its commitment as a signatory to the UN Principles for Responsible Banking (PRB). This milestone reaffirms the Bank’s dedication to driving sustainable development and aligning its strategies with the goals of the Paris Agreement and the United Nations Sustainable Development Goals (SDGs).

ArmInfo. Economic relations between Armenia and Iran are at a high level, and in order to  maintain and deepen them, it is necessary to intensify practical  actions to increase trade turnover and expand areas of cooperation.  This was stated by the Minister of Economy of Armenia Gevorg Papoyan  during a meeting with the delegation of the Majlis (Iranian  parliament), headed by the head of the IRI-RA friendship group Ara  Shahverdyan. The meeting was also attended by the Ambassador of Iran  to Armenia Mehdi Sobhani and the head of the RA-IRI parliamentary  friendship group of the National Assembly of Armenia Narek Babayan.