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ArmInfo.Armenia is amending its financial agreement with the European Investment Bank (EIB) aimed at  restoring the water supply network in the city of Yerevan.

ArmInfo.The Armenian government approved the ratification of the agreement on financial cooperation  for 2022 with the German government. 

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ArmInfo.Idram and IDBank summarize the October program of the "The power of one dram" initiative. During the previous month, the entire amount collected from the "one drams" transferred for each payment made by the Bank and Idram customers, the sum of which is AMD 3,580,216, was transferred to the "Hayordi" initiative.

ArmInfo.According to the Central Bank's estimates, we have a positive potential GDP gap.  Chairman of the Central Bank of Armenia Martin Galstyan stated  at the extraordinary sitting of the NA Standing Committee on Financial-Credit and Budgetary Affairs on November 8.

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ArmInfo. RA Prime Minister Nikol Pashinyan received Ahmed bin Ali Al Sayegh, Minister of State at the  United Arab Emirates Foreign Ministry responsible for trade and economic affairs.

ArmInfo. In Armenia, the specific debt burden per capita by October 1, 2023 increased to $3.8 thousand from $3.4 thousand a year earlier. Moreover, the per capita debt burden increased both in terms of external debt from $2.1 thousand to $2.2 thousand, and in terms of internal debt from $1.3 thousand to $1.6 thousand, amid an increase in the population of Armenia over the year by 23.2 thousand people - up to 2.994 million  people by October 1, 2023.

ArmInfo.An International Monetary Fund (IMF) team, led by Iva Petrova, visited Yerevan during September 13-25 to hold discussions with the Armenian authorities for the 2023 Article IV consultation and the second review under the Stand-By Arrangement (SBA) with Armenia.  At the conclusion of the discussions, Ms. Petrova issued the following statement:

ArmInfo.Maintaining macroeconomic stability in 2024 will make it possible to better manage public debt, keeping its volume at less than 50% of the country's GDP, Minister of Finance Vahe Hovhannisyan stated on  November 8 at a meeting of the Committee on Finance and Budget, RA Parliament, as he presented the draft state budget of the country for next year.

ArmInfo.The solution to the problems of forcibly displaced persons from Nagorno-Karabakh is not  reflected in the draft state budget of Armenia for 2024, Armenia's Minister of Finance Vahe Hovhannisyan stated at a meeting of the Committee on Finance and Budget, RA Parliament. 

ArmInfo. In January-October 2023, the South Caucasus Railway (SCR) company transported 421.5  thousand passengers, which is 7.1% more than in 2022.

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ArmInfo. Emirati investments and collaboration with ANIF serve to spotlight the potential and investment prospects within Armenia. This is stated in the extensive analysis of Armenia's economic opportunities of the Specialeurasia platform (Italy), a significant part of which is dedicated to ANIF's projects and especially to the strategic cooperation with the companies of the UAE.

ArmInfo. Armenia is taking part in the 6th China International Import Expo (CIIE), which takes  place from November 5 to 10 in Shanghai.

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