ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo. This year, the 12-month inflation is expected to exceed the 4% target and reach 8.5%, with average inflation to reach 8.1%, with a gradual decline to the  targeted level during next year.  

ArmInfo. The European Fund for Southeast Europe (EFSE) has extended a USD 10 million five-year facility to AraratBank for financing of micro, small and medium businesses (MSMEs) affected by the economic, social, and security challenges triggered by the Russia-Ukraine war, prioritizing those operating in crisis-relevant sectors.

ArmInfo. The European Bank for Reconstruction and Development will provide a $4 million loan to HSBC Bank Armenia, the EBRD said in an official statement.  It is noted that $3 million will be provided directly by the EBRD and $1 million by the Green  Climate Fund (GCF) under the Regional Green Economy Financing  Facility (GEFF).

ArmInfo.A leading index provider and data source of independent credit ratings Standard&Poors (S&P),  has kept Armenia's sovereign rating at "B+" and "B" for  issuing long-term and short-term liabilities in foreign and national  currencies, with a stable outlook.

ArmInfo.5,867.6 million kWh of electricity was produced in Armenia in January-August 2022, which is 16.6% higher than the figure of a year ago (against the 1.5%  decrease of the previous year).  According to the data of the RA  Statistical Committee, in August alone electricity generation  increased by 2.7% - up to 749.9 million kWh.

ArmInfo.

ArmInfo.

ArmInfo. Armenian National Interests Fund (ANIF) subsidiary "Entrepreneur + State" Investments Fund is making a joint investment in a new project with "Eco Fresh"  LLC. 

ArmInfo.Deputy Chairman of SRC Ashot Muradyan paid a working visit to the Republic of Belarus, during which he had a three-party official meeting with Chairman of  State Customs Committee of Belarus Vladimir Orlovsky and Chairman of  State Revenue Committee of the Ministry of Finance of Kazakhstan  Daniyar Zhanalinov.

ArmInfo. The State Revenue Committee (SRC) of Armenia does not comment on the report about the passage of a truck through the Armenian-Georgian border, which  exploded on the Crimean bridge on October 8. This was reported to  ArmInfo in the State Revenue Committee.

ArmInfo.Armenia's national debt exceeded $9.992bln by this September - a 12% year-on-year increase, and an 8.3% increase this January-August. Specifically,  Armenia's foreign debt showed a 5.5%, year-on-year decrease, with the  domestic debt showing a 61.1% increase. This January-August,  Armenia's foreign debt showed a 5.4% increase, with the country's  domestic debt showing a 43.7% increase, reaching $6.4bln and $3.7bln  respectively. 

ArmInfo.

ArmInfo. The Yeremyan Projects company will construct a new stock-farm, "Yeremyan Farm", Armenia's Minister of Economy Vahan Kerobyan wrote in a Facebook  post. He participated in the "time capsule" laying ceremony for the  farm construction. 

ArmInfo.The technology developed by the Revalcon startup simplifies the entire irrigation process: the process is controlled by mobile and web applications.

ArmInfo.Russia holds the leadership among Armenia's foreign trade partners. According to the RA Statistical Committee, Russia is leading not only in terms of the  total volume of foreign trade, but also in terms of exports and  imports in particular.