ArmInfo. The Central Bank of Armenia reduced the refinancing rate by another 0.25 percentage points - from 9.5% to 9.225%. This is the fifth decrease this year, after two years of increase with reaching a historical maximum of 10.75% at the end of 2022 and maintaining this level until June 13 of this year, when the first decrease of 0.25 percentage points took place.

ArmInfo. The Armenian authorities expect that by the end of 2023, the share of public debt  in the country's GDP will be 47% instead of the previously predicted figure of 49%, Armenia's Deputy Minister of Finance of Armenia Eduard Hakobyan stated in Parliament. 

ArmInfo.Armenia plans to borrow EUR 50mln from the OPEC Fund for International Development.  Armenia's Parliament has ratified an agreement with the Fund. 

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ArmInfo. By November 1, 2023, Armenia's public debt exceeded $11.1 billion (4.5 trillion drams),  having increased by 10% year-on-year (the same as a year ago). 

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ArmInfo. In Armenia, state duty rates on exported excisable goods will be increased 10 times, Armenia's Parliament at the plenary session on December 11, in the second and final reading, discusses amendments to the law "On State Duty".

ArmInfo.The US Agency for International Development (USAID) is launching a new Economic  Foundations for Resilient Armenia project in Armenia.

ArmInfo.A meeting of the Armenian-Egyptian intergovernmental commission will be held in Egypt  from February 4 to 6.

ArmInfo. Armenia and Georgia are starting cooperation in the field of food security. This was  reported by the press service of the Ministry of Economy, referring to the signing of a memorandum of understanding between the parties.

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ArmInfo. In January-October 2023, the RA state budget expenses, compared to the same period last  year, increased by 14.3% or 238.9 billion drams, mainly due to an increase in social benefits and pensions, expenses on non-financial assets (capital expenses), interest payments, as well as an increase  in grants.

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ArmInfo. The Armenian authorities intend to implement a radical reform in the tourism  sector. At the plenary session on December 8, the National Assembly of the Republic of Armenia is discussing in the first reading the draft law "On Tourism" and a package of related laws.

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ArmInfo.For the third year in a row, AraratBank was recognized as the Best Sub-Custodian Bank in Armenia by the professional team of the premium international magazine Global Finance.

ArmInfo. Armenia's gross international reserves (GIR) since October have fallen from their historical high of $4.2 billion in the previous two months. Thus, the GIR having decreased by 8.5% or $353 million in October 2023 (versus a 3% decline in October 2022), amounted to $3.813 billion. In parallel with this, a y-o-y growth slowed down - from 13.5% to 5% (or by $179.7 million in October 2023 compared to October 2022).

ArmInfo.In Armenia, the procedure for submitting documents to the RA Police on concluding an  agreement on Compulsory Motor Third Party Liability (CMPTL) for fined drivers will be simplified. At the plenary session on December 8, the National Assembly of the Republic of Armenia is discussing amendments  to the Code of Administrative Offenses in the first reading.

ArmInfo.Average market value of real estate in apartment buildings in Yerevan amounted to  429.2 thousand AMD/1 sq.m. in Q3 2023, which is 9.4% higher than the year-ago figure, with a quarterly increase of 3%, according to the data from the State Real Estate Cadastre Committee.