ArmInfo. Minister of Economy  Vahan Kerobyan met with Pantelis Leptos, the Co-President  of Leptos  Estates, a major businessman from Cyprus. This was reported by the  press service of the Ministry of Economy. The parties discussed the  possibilities of cooperation.

ArmInfo. Minister of Economy of  Armenia Vahan Kerobyan received the delegation of the United States  International Agency for Development (USAID), headed by Mission   Director of USAID/Armenia John Allelo.

ArmInfo. RA Prime Minister Nikol Pashinyan chaired the regular Cabinet meeting today, the press service of the RA Government reports.  By the decision of the  Government, changes and additions were made to the Law of the  Republic of Armenia "On the State Budget of the Republic of Armenia -  2023" and the decision No. 2111 of the Government of the Republic of  Armenia of December 29, 2022.  Minister of Finance Vahe Hovanisyan  noted that the adoption of the draft decision is due to the  overachievement of budget revenues based on the results of the first  half of 2023, which exceeded the plan for the first half by about 50  billion AMD. As a result, the reserve fund is replenished by 10  billion AMD due to the increase of the tax revenues. "Let me note  that before this, with 10 decisions, our plan had already increased  by around 7.5 billion AMD, the main part of which, approximately 6.5  billion AMD, was allocated to Nagorno Karabakh," said Vahe  Hovhannisyan.  Prime Minister Nikol Pashinyan also referred to an  important decision made in the previous Cabinet meeting, which is  related to the development of the capital market, reminding that a  special place is given to the development of the capital market in  both the 2018 Action Plan and the 2021 Action Plan of the government.   The Prime Minister assured that in the steps aimed at giving a new  impetus to the economic development of Armenia since 2018, the  development of the capital market can become the new component that  will not only become a new stimulus for economic development, but  also a new mechanism of social protection of people.  According to  Deputy Prime Minister Mher Grigoryan, the risks of our country,  according to the assessment of leading international rating  companies, are such that it is very attractive for investments, but  due to the lack of tools, this flow is not realized. According to the  Deputy Prime Minister, the promotion of stock exchange trade is also  a platform for very serious diversified foreign investments.  The  Prime Minister clarified that these mechanisms are very important,  because when a large foreign investor acquires a bond of the Armenian  government, it is, first of all, a confidence in the government and  the country. 

ArmInfo. In the extraordinary  session of July 13, the National Assembly debated the draft law on  ratifying the Agreement concluded in the form of exchange of bids on  the establishment of local offices of the German Agency for  International Cooperation (GIZ) LLC and the Credit Institute for  Reconstruction (KFW).

ArmInfo. A decision on support for the capital market (subsidizing companies' expenses for entering stock exchange) would have been ineffective in 2018, as the companies submitting audit reports for several successive years could be counted on the fingers of one hand at that time, Armenia's Minister of Economy Vahan Kerobyan stated at a Cabinet meeting on July 13.

ArmInfo. In the first half of 2023, Armenia's budget revenues totaled AMD 50bln, Armenia's Minister of Finance Vahe Hovhannisyan stated at a Cabinet meeting on July 13.

ArmInfo. Armenia is a country of four unicorns (private companies estimated at $1bln, Armenia's Minister of Economy Vahan Kerobyan stated at a panel discussion on the sidelines of the INNOPROM-2023 trade fair in Yekaterinburg, Russia.

ArmInfo. 

ArmInfo. The Ministry of Economy of Armenia discussed with business representatives and the expert community the possibilities of promoting exports from Armenia to Switzerland through the Swiss GSP system and the Registered Exporters System (REX). The event was organized by the Ministry of Economy, the Embassy of the Kingdom of Switzerland in Armenia with the support of the European Business Association.

ArmInfo. The construction of the  Kaps Reservoir has already begun. Deputy Minister of Territorial Administration and Infrastructures of Armenia Vache Terteryan announced during a meeting of the Parliamentary Commission on Territorial Administration, Local Self- Government, Agriculture and Environmental Protection on July 12.

ArmInfo.

ArmInfo. Germany is interested  in expanding cooperation with Eastern Partnership states, Mr Jens  Brandenburg, Parliamentary State Secretary to the Federal Minister of  Education and Research of Germany, stated at his meeting with  Armenia's Deputy Minister of Economy Rafael Gevorgyan. German  Ambassador to Armenia Viktor Richter attended the meeting as well. 

ArmInfo. Financing of joint  industrial projects of the EAEU countries is planned to be launched  from the beginning of 2024. Minister of Economy of Armenia Vahan  Kerobyan told TASS on the sidelines of the INNOPROM-2023 exhibition.

ArmInfo. The INNOPROM -2024  industrial exhibition may be held in Armenia. A similar proposal was  made by tDeputy Prime Minister of the Russian Federation - Minister  of Industry and Trade of the Russian Federation Denis Manturov during  a meeting with the heads of the relevant ministries of Armenia,  Belarus, Kazakhstan and Kyrgyzstan as part of the INNOPROM  exhibition, which takes place on July 10 -13 in Yekaterinburg.

ArmInfo. Armenian enterprises -  participants of the INNOPROM- 2023 industrial exhibition-forum held a  number of business meetings, as a result of which preliminary  agreements on further cooperation were reached. This was reported by  the press service of the Ministry of Economy of Armenia.

ArmInfo. The Eurasian Economic  Commission (EEC), together with the relevant ministries of the EAEU  countries, is developing a mechanism for financial assistance to  industrial cooperation. This was announced by Minister for Industry  and Agro-Industrial Complex of the EEC Artak Kamalyan at a meeting of  the Council on Industrial Policy of the EAEU, held within the  framework of the "INNOPROM" international exhibition in  Yekaterinburg.

ArmInfo. A working meeting was  held at the Ministry of Economy of Armenia, chaired by Deputy  Minister Rafael Gevorgyan, during which they discussed the current  process of introducing a comprehensive health insurance system.

ArmInfo.

ArmInfo. This year, Armenia's government plans to finance the renovation of 70km of state roads, with 30km more to be renovated under subvention programmes.

ArmInfo. Representatives of the development financing institutions interested in the financing of the construction project of the "Ayg-1" project, namely the European Bank for Reconstruction and Development (EBRD), German DEG, French PROPARCO, as well as representatives of Abu Dhabi's Masdar, visited Armenia, ANIF reports.