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ArmInfo.Food and energy price shocks due to war in  Ukraine could last for years. Shift to more costly trade patterns has  begun; transition to cleaner energy could be delayed. The war in  Ukraine has dealt a major shock to commodity markets, altering global  patterns of trade, production, and consumption in ways that will keep  prices at historically high levels through the end of 2024, according  to the World Bank's latest Commodity Markets Outlook report.

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ArmInfo.GeoProMining announces the completion of the co-financing of the second subvention community development program in the Vardenis region of the Gegharkunik region of Armenia. This was noted during the meeting of the General Director of GPM Gold Anatoly Gogotin with the Governor of the Gegharkunik region Karen Sargsyan.

ArmInfo. Even with high economic growth rates in January- February 2022, poverty is rapidly spreading in Armenia, and the government needs tremendous efforts to  prevent a social disaster, Armenia's Minister of Economy Vahan  Kerobyan stated at the panel meeting Central Asia: Area of  Technological Breakthrough in Tashkent, Uzbekistan. 

ArmInfo.If earlier about 98% of applications for business relocation to Armenia came from the business sector operating in the IT field, today the industry segment  has expanded, covering manufacturing, logistics services, etc.  Founder of the BWB (Business Without Borders) initiative Mher  Ghazaryan said this in an interview with ArmInfo.

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ArmInfo.The Central Bank of Armenia, in order to avoid the accumulation of risks on mortgage loans, from April 1, 2022 introduced the LTV (loan-to-value,  loan/collateral value) standards (5/1 and 5/2) with the maximum  threshold for the maximum loan/collateral value ratio at a rate of  90% for loans in AMD and 70% for loans in foreign currency.

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ArmInfo. Telecom Armenia is completing its rebranding process, which started with the purchase of Veon Armenia (Beeline brand). 

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ArmInfo.The Central Bank of the Republic of Armenia, having studied numerous applications and received alarms, revealed that "One Card" LLC which operates in Armenia, publicly attracts citizens' funds, proposing to double and return them with a  certain "surcharge".

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ArmInfo. On April 25, the Municipal Sustainable Energy Forum was organised by EU4ASEP project, implemented since 2018, and to be concluded by an awareness week  during April 25-30, 2022, the press service of the EU Delegation to  Armenia reports.

ArmInfo. In Armenia, economic activity in Q1 2022 increased by 9.6% compared to the same period in 2021 (against a 2% decline in Q1 2020), exceeding even the pre- Covid  6.5% growth in Q1 2019. According to the preliminary data of the RA  Statistical Committee, the agricultural sector lingered in the  decline, while other sectors showed growth; moreover, the service  sector and the energy complex were the main drivers of economic  growth.

ArmInfo. Transavia started operating flights on the route Paris (Orly) -Yerevan- Paris (Orly) with the frequency of twice a week, every Wednesday and Saturday, the  press service of Armenia International Airports CJSC reports.

ArmInfo.Despite the fact that Armenia is now seen as a "safe haven" for the relocation of a considerable number of small and medium-sized businesses, especially in the field of IT, the aggravation of the external background associated with sanctions  restrictions could create serious problems in the medium term.