ArmInfo.

ArmInfo.

ArmInfo.The World Bank has worsened its 2022 forecast for Armenia's GDP growth from the previous 4.8% to an updated 1.2%, expecting a decline in exports by 8.5% and  imports by 12%. For 2023, the World Bank forecasts an acceleration in  Armenia's GDP growth to 4.6%, with exports growing by 6.5% and  imports by 8%, and in 2024 GDP growth is expected at 4.9%, with  acceleration of export and import growth up to 7.7% and 9.3%  respectively.

ArmInfo.The international Standard&Poors rating agency has maintained Armenia's sovereign rating at "B+" and "B" for issuing long-term and short-term  liabilities in foreign and national currencies, but worsened its  outlook from "Positive" to "Stable". This is stated in the message on  the website of the agency.

ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo.Armenia's textile exports exceeded $200mln, Armenia's Deputy Minister of Economy Rafael Gevorgyan said in an interview with the Public TV of Armenia.

ArmInfo. The KfW Bank will provide EUR 116.4mln to Armenia under the concessional lending programmes in SMB and renewable energy sectors. The Standing Committee on Financial-Credit and Budgetary Affairs, RA Parliament, approved on  Monday the ratification of an Armenian-German intergovernmental  agreement on financial cooperation for 2020. 

ArmInfo.Crimean enterprises will supply natural fertilizers, welding and other equipment to Armenia, Vice-Chairperson of the Crimean Council of Ministers Irina Kivio said. 

ArmInfo.Hamed Forouzan the Director-General of the Ministry of Labor and Cooperatives for International Affairs of Iran announced that Iran will open a  business center in Armenia as a permanent exhibition.

ArmInfo.

ArmInfo. In Q1 2022, 250,798 tourists arrived in Armenia, or almost 3 times more than in the same period of 2021. The Minister of Economy of the Republic of Armenia  Vahan Kerobyan reported this on his Facebook page.

ArmInfo.Minister of Economy of Armenia Vahan Kerobyan and Ambassador of Slovakia to Armenia Miroslav Hacek, signed an agreement on economic cooperation between the governments of the Republic of Armenia and the governments of the  Slovak Republic.

ArmInfo. Armenian trade sector in January-February 2022 increased revenue by 8.2% per annum (against an 11.3% decline in the same period in 2021), providing a volume of  489.5 billion drams (over $1 billion). According to the RA  Statistical Committee, in February 2022 alone, the trade turnover in  Armenia increased by 11.9% - up to 258.6 billion drams ($538.6  million).

ArmInfo. Due to a significant increase in transfers from Russia, the net inflow of private transfers to Armenia, sharply increased in January-February 2022 by  53% per annum (from 4.4% growth in the same period in 2021), reaching  $96.6 million.  

ArmInfo. On April 8, Chairman of the State Revenue Committee (SRC) Rustam Badasyan received Ambassador Extraordinary and Plenipotentiary of the Islamic Republic of Iran to Armenia Abbas Badakhshan Zohouri.

ArmInfo.

ArmInfo.The modernization project at the Meghri check-point has been put out to international tender.  

ArmInfo. On April 7, the Armenian government adopted a non- discussable resolution aimed at continuing payments to residents of the villages of Shurnukh and Vorotan in the Syunik region, whose houses and land plots became under the control  of Azerbaijan.