ArmInfo.AraratBank will underwrite AMD- and USD-denominated nominal coupon bonds of FINCA UCO CJSC between June 21 and June 27, 2022.  

ArmInfo. In January-April 2022, Armenia`s services sector recorded a 23.5% year-on-year growth against a 2.9% decline last January-April - up to AMD 698.2bln (over  $1.4mln). This April alone, the services sector's proceeds totaled  AMD 194.9bln ($413.9) - a 2.1% growth. 

ArmInfo.More than 50 beneficiaries of the "Skilled Youth for Community Development" two-year grant project got together to meet "HSBC Bank Armenia" CJSC (hereinafter HSBC Armenia or Bank) employees in the Vanadzor Center of "Orran" benevolent non-governmental organization.

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ArmInfo.In January-April 2022, the turnover of Armenia`s trade sector totaled AMD 1,100bln (over $2.2bln) - 7.8% year-on-year growth against 4.8% last year.  

ArmInfo. The US Agency for International Development (USAID) has developed a roadmap to reform the investment environment in Armenia.

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ArmInfo.Armenian Minister of Economy Vahan Kerobyan will leave for Georgia on June 10 to discuss and find a solution to the situation at the Upper Lars checkpoint  with Georgian partners, and on the following day a meeting with  Russian partners will be held. This became known following the  briefing of the head of the RA Economic Department.

ArmInfo.Monetary policy should promote the country's economic growth and help manufacturing exporters and the service-providing IT sector. Armenian Minister of  Economy Vahan Kerobyan expressed a similar opinion during a briefing  on June 9. In this regard, he stressed that exporters and the IT  sector are concerned about the revaluation of the dram against the  dollar (by an average of 18% per annum by June 9 this year, ed.  note).

ArmInfo.On June 9, the Armenian government made a number of changes to the "Subsidizing Interest Rates on Loans Provided for the Acquisition (Purchase) of  Agricultural Raw Materials" program.

ArmInfo. Armenia and China are interested in expanding technological cooperation, Armenia's Minister of High-Tech Industry Robert Khachatryan and Chinese Ambassador to Armenia Fan Yong stated following their meeting. 

ArmInfo. From January 15, 2023, Armenia will renew the restrictions on the import of cement and clinker. 

ArmInfo.Armenia's Cabinet approved on Wednesday the government support for the housing programme for families in Armenia's border regions. 

ArmInfo.Armenia's Vice-Premier  Hambardzum Matevosyan hosted foreign investors, representatives of 20  companies working in Armenia. 

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ArmInfo.AraratBank has been named the Best Sub-Custodian Bank in Armenia by the professional team of Global Finance renowned magazine.

ArmInfo.This June, Haypost, Armenia's national operator, is launching a universal postal service system, Hayk Kirakosyan, Haypost Director General, said at the Birth  of New Post event on the occasion of presentation of the platform and  summing up of Haypost last year's activities. 

ArmInfo.The World Bank has revised its GDP growth forecast for Armenia for 2022 upwards -from 1.2% to 3.5% (against the 5.7% actually recorded in 2021), revising its  forecast for Russia's economy downward - from 11.2% to 8.95 (against  4.7% growth recorded in 2021), according to the WB Global Economic  Prospects report (https://www.worldbank.org/en/news/press-  release/2022/06/07/stagflation-risk-rises-amid-sharp-slowdown-in-growth-energy-markets). 

ArmInfo.The Moscow Exchange plans to start trading  in national currencies of Armenia (AMD), Uzbekistan (SUM) and UAE  (AED- Dirham) in the near future. This was stated by Andrey Skabelin,  Director of the Foreign Exchange Market Department of the Moscow  Exchange, noting that the exchange has 20 currency pairs under  consideration for a possible launch, Kommersant reports.