ArmInfo. The Eurasian Economic Union (EAEU) currently ensures the economic development of its member  countries. This was stated by Armenian Prime Minister Nikol Pashinyan during a meeting of the Eurasian Intergovernmental Council on December 13.   he noted.

ArmInfo. AraratBank and the European Bank for Reconstruction and Development (EBRD) have signed a USD 10 million loan agreement aimed at promoting green initiatives and competitiveness. The program is implemented in partnership with the European Union (EU), Green Climate Fund (GCF), and Climate Investment Funds (CIF).

ArmInfo.

ArmInfo.

ArmInfo. The regular meeting of the head of the department Gevorg Papoyan with Tafadzwa Dube, the Senior Disaster Risk Management Specialist of the World  Bank (WB), and Caroline Geginat, WB Country Manager for Armenia, took  place at the Ministry of Economy.

ArmInfo. In the insurance  market of Armenia, the loss ratio for compulsory motor third-party  insurance increased to the 81.5%  by December 2024, from last year's  70%.  This is evidenced by data from the Bureau of Motor Insurers of  Armenia. The growth of the ratio in January-November 2024 was  observed against the background of a deterioration in the annual  dynamics of the number of active contracts - from 12.8% growth to  0.8% decline, an imperceptible acceleration of the already moderate  growth of insurance premiums - from 3.4% to 9.4%, in parallel with  which a pronounced acceleration of double-digit growth in  compensation was recorded from 15.7% to 21.9%. According to the  Bureau, the number of vehicles with OSAGO policies in  January-November 2024 increased slightly - by only 1.7% y/y, while a  year ago the growth was 9.9%. In quantitative terms, by the beginning  of December 2024, there were 670,527 vehicles with MTPL contracts in  the country, but the number of active contracts was 1.192 million  (minus terminated ones - 1.081 million). 

ArmInfo. Armenia and China  discussed new areas of collaboration in the field of high technologies, as reported by the press service of the Ministry of  High-Tech Industry of Armenia, referring to the results of the  meeting between Deputy Minister Gevorg Mantashyan and the Chinese  delegation led by Zhao Qiuyan, the Inspector of the Eurasian  Department at the Ministry of Commerce of  China.

ArmInfo. The "Upper Lars"  checkpoint is closed for trucks, Vahan Hakobyan, customs attache of  the Armenian Embassy in Russia, told an ArmInfo correspondent.  "The  Cross Pass is closed for trucks in both directions due to heavy  snowfall on the Gudauri-Kobi section of the international highway  Mtskheta-Stepantsminda-Lars," Hakobyan noted. However, he noted that  the road remains open for passenger cars.  The Georgian Military  Highway is currently the only land route connecting Armenia with  Russia (through Georgia).

ArmInfo. As a result  of a new collaboration between Acba bank and the International Finance Corporation (IFC), Acba bank will allocate $50 million to finance and develop micro, small, and medium enterprises (MSMEs) in Armenia.

ArmInfo.

ArmInfo.  The Team Group of  Companies announces the acquisition of a controlling stake in Imagine  Broadband, one of Ireland's telecommunications operators.  The deal  was concluded with the major international investment company  Brookfield Corporation, which will continue to operate as a minority  shareholder in the company.

ArmInfo.  By the end of October  2024, Armenia's public debt in dollar terms increased to $12 billion  632.8 million (from $11 billion 845.4 million by the end of 2023). In  dram equivalent, the figure increased from 4 trillion 794.9 billion  to 4 trillion 889.5 billion. 

ArmInfo. Due to the planned  technical inspection work, Armenian Airlines flights will be resumed  only from December 16. This was reported by the press service of the  airline.

ArmInfo. As of December 10,  2024, the consolidated budget of the Republic of Armenia received 2  trillion 173.1 billion drams in tax revenues, which is 83.1% of the  adjusted figure for the year in the amount of 2 trillion 614.9  billion (24.9% of GDP).

ArmInfo. The Advisory  Committee on Financial Markets under the Board of the Eurasian  Economic Commission discussed approaches to the formation of a common  financial market and harmonization of legislation in the field of  financial services. The meeting was held in Moscow at the EEC  headquarters under the chairmanship of the Minister of Economy and  Financial Policy of the Commission Bakhyt Sultanov, the press service  of the EEC reported.

ArmInfo.  Minister of  Territorial Administration and Infrastructure of the Republic of  Armenia David Khudatyan visited High-Voltage Electric Networks of  Armenia CJSC, where he got acquainted with the programs being  implemented. This was reported by the press service of the Ministry.

ArmInfo.The International  Finance Corporation (IFC) has signed agreements with three Armenian  banks, Acba Bank, Converse Bank and Evocabank,  to enhance access to  finance for smaller businesses, including women-owned and rural  enterprises and climate projects. It is planned to provide loans for  a total amount equivalent to $40 million. In particular, Acba Bank  will receive $25 million, Converse Bank - $5 million and Evocabank -  $10 million, as noted in IFC's statement.

ArmInfo. A few days  earlier, it became known that one of the leading telecommunications  companies in Armenia, Team Telecom Armenia (Telecom Armenia OJSC),  has issued Sustainability -Linked Bonds (OSUR - Sustainability-Linked  Bonds). In connection with such an unprecedented event in the capital  market of Armenia, a ceremonial event was held in Yerevan in the Dvin  hotel complex attended by representatives of the public, private and  banking sectors. During the event the company presented its  achievements in recent years and its plans for business expansion. 

ArmInfo.

ArmInfo.