ArmInfo.The Commission for Protection of Competition (CPC) of Armenia has banned the acquisition  of a 100% stake in MTS Armenia by Fedilco Group Limited.

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ArmInfo. The Armenian government has approved a development strategy for five sectors of  the country's economy. On April 18, RA Prime Minister Nikol Pashinyan stated from the rostrum of the RA National Assembly.

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ArmInfo.Russia remains one of the major investors in Armenia's economy, Yuliya Nersterchuk, Head of  the Department for Economic Cooperation with CIS Countries, RF Ministry of Economic Development, stated at a meeting of the Armenian-Russian Business Council that discussed prospects for cooperation in the construction sector, in Yerevan, Armenia. 

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ArmInfo.RA Deputy Minister of Territorial Administration and Infrastructure Kristine Ghalechyan   received a delegation led by Klaus Papenburg, a German entrepreneur, a representative of the GP Papenburg large construction holding.

ArmInfo.The Armenian Aerospace Agency and the Austrian Space Forum (OeWF) have signed a memorandum  on conducting analog studies of Mars AMADEE-2024. The signing of the document took place within the framework of the National Innovation and Entrepreneurship Week INNO Armenia 2023. The project will be coordinated in Armenia by the National Center for Innovation and Entrepreneurship.

ArmInfo. Prime Minister Nikol Pashinyan participated in the opening of "Transformation towards  sustainabality: Energy and Finance" high-level conference in Dilijan. The event was organized by the Economic Perspectives Foundation with the support of the Armenian government and the Central Bank. Former  president of the Central Bank Arthur Javadyan is the chairman of the Board of Trustees of the Foundation.

ArmInfo. The loss ratio of motor third-party liability insurance (MTPL insurance) was 62% in the first  quarter of 2023 against 69% in the first quarter of 2022, and 74% in the first quarter of 2019. The number of MTPL insurance contracts showed an increase from 15.9% to 17.8%, with a 12.8% increase in insurance premiums ($16.3mln) against 17.5% and a 6.7% increase in insurance indemnities (up to $10.7mln) against a 13.5% decrease. 

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ArmInfo.AraratBank, in cooperation with Muran company, offers a smart solution – a loan for the purchase of an electric car starting at 12% in AMD and at 9% in USD. The annual interest rate depends on loan maturity.

ArmInfo. As part of the EU4Business initiative the EU launched in Armenia in July 2021, the European Bank for Reconstruction and Development (EBRD) and Armenian  financial institutions signed EUR 30mln credit lines, Lilit Gharayan  Team Leader EU4Business- EBRD Credit Line Armenia, said at the forum  entitled "EU4Business-EBRD Credit Line in Armenia - Impact to date  and Way Ahead" on April 14.