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ArmInfo. Back in 2016, Iran proposed the regional initiative to expand the Persian Gulf-Black Sea project, which involves Armenia, Azerbaijan, Georgia, Bulgaria and  Greece.  In an interview with ArmInfo, Ara Marjanyan, National expert  on Energy (UNDP) and Transport (European Neighborhood and Partnership  Instrument) sectors in Armenia, spoke of the main reasons for  Armenia's interest in and support for this strategic corridor. 

ArmInfo. Construction work on  the Tatev-Aghavni road is planned to be fully completed by autumn of  the current year. Minister of Territorial Administration and  Infrastructures Gnel Sanosyan stated this on June 15 during a  government hour in parliament, answering a question from Armen  Khachatryan, a MP from the ruling "Civil Contract" faction.

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ArmInfo. Head of the Central Bank of Armenia,  Martin Galstyan, considers it wrong to condition all economic  phenomena on the behavior of the exchange rate. He stated this on  June 15, speaking from the rostrum of the National Assembly.

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ArmInfo. Deputy Prime Minister of Armenia Mher Grigoryan does not rule out that the revaluation of the dram (national currency) may be long-term, as well as gas and  electricity tariffs may be reduced.

ArmInfo. Minister of Economy of Armenia Vahan Kerobyan once again expressed his disagreement with the Central Bank of Armenia, referring to the latest forecasts of the  Regulator for economic growth (on14, it was announced 4.9% for 2022,  ed. note). He stated this to journalists on June 15 on the sidelines  of the opening ceremony of the Science and Business Days forum.

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ArmInfo.Armen Avetisian has been appointed new CEO of VIVA-MTS.

ArmInfo. This January-May, Armenia's national debt increased by nearly $355mln and reached $9,580.5mln. By 2025, Armenia will have to spend up to $1.4bln to  cover and serve the government debt accumulated by May 31, 2022, (the  debt of the Central Bank of Armenia [CBA] not included). In 2029,  this amount is expected to reach $3.1bln and in 2031, nearly $1.5bln.

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ArmInfo. Armenia today is a country of opportunities with a modern, educated, hardworking human capital, cooperating in various formats with numerous countries.   Armenian Minister of Economy Vahan Kerobyan stated this during his  speech at the solemn opening ceremony of the  Science and Business  Days conference.  He noted that the future of Armenia is in  technological development, building a knowledge-intensive economy,  which is a priority for the government in terms of the development of  the country.

ArmInfo.The Armenian government may allocate 6-7 billion drams for the construction of the Tatev-Aghvani road instead of the already allocated 1.5 billion drams. Minister of Territorial Administration and Infrastructures Gnel Sanosyan stated this to  journalists on June 15.

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ArmInfo.The impressive inflow of foreign currency into the Armenian market, which exceeded last year's level by several times, became one of the reasons for the  revaluation of the dram. Armen Nurbekyan, Head of Macroeconomic  Directorate at Central Bank of Armenia, stated this during a press  conference on June 14.

ArmInfo. In Armenia, a significant increase in exports and financial inflows also contribute to the revaluation of the dram in the foreign exchange market, and  the latter, according to the Central Bank, will have a positive  impact on the weakening of the domestic inflationary environment in  the near future. Head of the Central Bank of the Republic of Armenia  Martin Galstyan announced this on June 14 during a press conference.

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