ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo.Armenia's economic development over the last years has been such that the country progressed from lower to upper middle-income level, as classified by  the World Bank.

ArmInfo.

ArmInfo.Global Finance Magazine has announced the winners for the 2022 World’s Best Consumer Digital Bank Awards, naming Ameriabank the winner of the Most Innovative Digital Bank category in Central & Eastern Europe region.

ArmInfo. The share of the corporate component continues to prevail over the retail one in the premium portfolios of Armenian insurers in H1 2022, - 58.2% (19.7  billion drams) against 41.8% (14.1 billion drams), which is very  close to the data of a year ago - 57% against 43% respectively.  

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ArmInfo. A new government-assisted employment programme is being launched in  Armenia. Under the programme, employers will receive compensations  for hiring currently unemployed people. 

ArmInfo.The share of the EAEU countries in the foreign trade turnover of Armenia continues to grow, reaching 33.6% (over $1.733 billion) by the end of H1 2022, while the  share of the EU countries has already decreased to 19% ($980.8  million). The y-o-y dynamics of foreign trade volumes in both  directions is upward: the growth with the EAEU countries was 52.5%,  and with the EU countries - 37.6%, against the lower positive trends  of15.3% and 21%, respectively, a year earlier. This is evidenced by  the final data of the RA Statistical Committee.

ArmInfo.As of July 1, 2022, the per capita debt reached $3,400 against $3,000 last year, with per capita foreign debt being $2,200 against $2,300, and per capita  internal debt $1,200 against $740. Armenia's population was 2.962mln  (2,700 fewer that last year). 

ArmInfo.As of now, Armenia's tax revenues  exceed the target by about AMD 70bln, Armenia's Premier Nikol  Pashinyan stated at a Cabinet meeting on Thursday. 

ArmInfo. In January-July 2022, Armenia's public debt increased by almost 7.7% or $706.2 million - up to $9 billion 974 million. At the same time, as a result of the  revaluation of the national currency against the US dollar, the  public debt in dram terms decreased by 8.2% or 363.1 billion drams -  up to 4 trillion 067 billion drams.

ArmInfo.The total net profit of insurance companies (ICs) in Armenia for H1 2022 reached 2.3 billion drams ($5.6 million), with a y-o-y  19-multifold increase, with a  quarterly decline of 13.1%, against a y-o-y decline of 2-fold and a  quarterly increase of 2.5-fold in comparable periods in 2021. 

ArmInfo.. "Rossgostrakh Armenia" IC continues to lead in terms of net insurance premiums and net insurance claims. According to the data of the Financial Rating of  Insurance Companies of Armenia as of June 30, 2022, prepared by  ArmInfo, following the results of the first half of the year, the net  insurance premiums of "Rossgostrakh Armenia" IC exceeded 5.9 billion  drams ($14.6 million), and net insurance claims - 3.8 billion drams  ($9.4 million), with a y-o-y growth of the net insurance premiums by  11.3%, while the net insurance claims declined by 7.3%.

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ArmInfo.Armenia's government has  granted three companies' requests for exemption from customs duties  on the import of manufacturing equipment, spare parts and raw  materials under investment programmes in priority fields. The  requests were submitted by the MULTI FOOD, DOLOMITI and DIGI PROPERTY  companies. 

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ArmInfo. Negotiations on the possibility of buying a part of Russia's share in the equity capital of the Eurasian Development Bank are underway with all the founding  countries of the EDB. This was reported to an ArmInfo correspondent  by a source familiar with the situation, who wished to remain  anonymous.

ArmInfo.