ArmInfo.IDBank and Idram sum up the next program of "The Power of One Dram" initiative: the entire amount of "one drams" collected during March-April of this year was donated to "My Forest Armeniaenvironmental non-governmental organization.

ArmInfo.The ruling faction of the Armenian parliament proposes amendments to the RA Civil Code, according to which only open joint-stock companies representing the  public interest will present financial statements.

ArmInfo.The composition of Armenia's exports may change. Head of the Central Bank of Armenia Martin Galstyan expressed this opinion during a press conference on  May 3.

ArmInfo. In Armenia, the absorptive capacity of the economy has increased. Referring to the assessment of bank credit specialists, on May 3, during a press  conference, Head of the Central Bank of the Republic of Armenia  Martin Galstyan stated. He explained that Armenian banks, judging by  the easing of lending conditions in the fourth quarter, somewhat  increased their appetite for risk, and this, in turn, suggests an  acceleration in lending growth in subsequent quarters.

ArmInfo.There is still high uncertainty in terms of macroeconomic prospects due to geopolitical developments. At the same time, the risks of inflation deviating from  the projected vector are generally balanced, but in the event of  their sharper direction, the Central Bank will react properly to  ensure price stability.

ArmInfo. The USD-denominated bonds issued by ARARATBANK Open Joint Stock Company on April 21 have been fully underwritten.

ArmInfo. One of the leading telecommunications companies Team Telecom Armenia has officially completed its rebranding process, which began with the acquisition of  100% of the shares of Veon Armenia. Henceforth, the company moves to  the stage of active implementation of its strategic programs. On May  3 during the opening of the head service center of Team Telecom  Armenia on Northern Avenue, General Director of the company Hayk  Yesayan said.

ArmInfo. At its meeting today, the Board of the Central Bank of Armenia (CBA) decided to leave the refinancing rate unchanged, at 9.25%.

ArmInfo.The RA State Revenue Committee reports AMD 231.3bln tax revenues in April 2022 - AMD 31bln (15.5%) more than the budgeted revenue and AMD 51.2bln (28.4%) more as compared with last April. 

ArmInfo.ince May 1, FLYONE ARMENIA has launched regular flights in the Yerevan-Tbilisi-Yerevan direction.

ArmInfo. The Small and Medium Enterprise Development Council decided to form a working group with the involvement of all interested parties to develop draft laws to  solve existing problems in the field of SMEs, which will be submitted  to the government for consideration. This was reported by the press  service of the Ministry of Economy, referring to the results of the  meeting of the Council.

ArmInfo.

ArmInfo. A stable financial rate does not yet mean stability, it is a limitation of the potential for economic growth.

ArmInfo.

ArmInfo.

ArmInfo.Caucasus and Central Asia (CCA) countries will feel the brunt of the direct effects of the war and associated sanctions mainly through trade, remittances, and  financial links with Russia and Ukraine.  Such a forecast is given in  the IMF's April 2022 Regional Economic Outlook (REO): Middle East and  Central Asia, which describes the direct spillover effects of the war  in Ukraine and sanctions against Russia on the Caucasus and Central  Asia.

ArmInfo.On April 20 and April 27, at the platform of the Eurasian Economic Commission, under the chairmanship of  Minister for Energy and Infrastructure of the EEC Temirbek Asanbekov, a meeting of the heads of the authorized bodies of the states of the Eurasian Economic Union was held to discuss the fundamental issues of  forming a common EAEU gas market.

ArmInfo. According to Armenian Economy Minister Vahan Kerobyan, it is illogical that Yerevan is the cheapest city in Europe in terms of parking fees.

ArmInfo.The first two stages of the construction of the  Ajapnyak subway station will be financed from the funds reimbursed to the city budget for the damage caused.

ArmInfo. Armenian FM Ararat Mirzoyan, who is on a working visit to India, has visited the Mumbai Financial Center.