ArmInfo.In the medium term, the Armenian government plans to annually attract budget loans in the amount of $300-350 million. On November 17, the Cabinet of Ministers of Armenia approved a proposal to sign an agreement between the Government of the Republic of Armenia and the Eurasian Development Bank to provide a loan in the amount of $100 million.

ArmInfo.Armenia's authorities are phasing out the income tax reimbursement programme for mortgage  loans Armenia's Minister of Finance Vahe Hovhannisyan said the government  proposes narrowing the territorial and time frames. 

ArmInfo. To cover the state budget deficit, Armenia will take out a EUR 50mln loan. At its  meeting on November 17, Armenia's Cabinet approved the bill on ratification of the loan agreement "Green, sustainable and inclusive development programme" between Armenia and OPEC.  

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ArmInfo. The EU will allocate EUR 2mln to Armenia under the financial agreement "Drawing the  lessons learned from the Fukushima Daiichi accident." At its meeting on November 17, Armenia's Cabinet approved the proposal to sign an agreement between Armenia's Government and the European Commission. 

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ArmInfo.On November 16, at the Ministry of Foreign Affairs of the Republic of Armenia the official  signing ceremony of the Framework Agreement on the Establishment of the International Solar Alliance by Armenia was held, the press service of the RA MFA reports.

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ArmInfo.Armenia has turned into a car transit country, Artur Khachatryan, a member of the opposition  faction Armenia, RA Parliament, stated as he commented on the 2024 draft budget. 

ArmInfo. The loss ratio of motor third-party liability insurance (MTPL insurance) was 68% as of  November 1, 2023, against 64% last year, in the first quarter of 2022, Armenian Motor Insurers Bureau. 

ArmInfo.Armenia's Ministry of Labor and Social Affairs plans measures to put an end to abject  poverty in Armenia, Minister Narek Mkrtchyan stated as he commented on Armenia's 2024 draft budget. 

ArmInfo. The draft state budget of Armenia for 2024 is a historic document of historic times,  Armenia's Premier Nikol Pashinyan stated at the parliamentary discussions of the 2024 draft budget on November 16.  

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ArmInfo.The international network of impact hubs (centers for social innovation,  entrepreneurship and coworking spaces) began to actively develop around the world in 2009. The opening of such a center in Armenia took place in 2016, which happened in parallel with their  establishment in many countries of Western Europe.

ArmInfo. Daniel Azatyan was elected as the new chairman of the Union of Banks of Armenia (UBA)  for a term of 3 years. This is noted in the UBA message, which states that he assumed this position on November 15.

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ArmInfo.The projects implemented in Armenia jointly with international partners are very  important in terms of their financial component, but the application of the best foreign standards in the country is more important. Deputy Prime Minister Mher Grigoryan announced on November 15 from  the rostrum of the RA National Assembly.

ArmInfo. In the Armenian insurance market, compensation growth continues to accelerate, while  premium growth has slowed, as a result of which market profits have begun to decline, according to the data of the anniversary issue No.75 of the Financial Rating of Insurance Companies of Armenia as of  September 30, 2023, prepared by ArmInfo IC based on published reports  and portfolio data requested from the insurance companies.

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