ArmInfo.The Armenian government plans to increase the expenditures of the Ministry of Labor and Social Affairs by 15.1%, RA Minister of Finance Tigran Khachatryan  said on November 5 at a joint meeting of the standing parliamentary  committees to discuss the draft state budget for 2022 in the  parliament.

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ArmInfo.France is ready to deepen relations with Armenia in the field of high technologies. The Ambassador Extraordinary and Plenipotentiary of France to Armenia  Anne Louyot stated this during a meeting with the Minister of  High-Tech Industry Vahagn Khachatryan.  

ArmInfo. Armenia and Russia are discussing a project to create a copper smelting cluster in Armenia, Armenian Minister of Economy Vahan Kerobyan said on November 4 at a  joint meeting of the standing parliamentary committees to discuss the  draft state budget for 2022 in parliament.

ArmInfo. In 2022, within the framework of cooperation with the Eurasian Economic Union, including with the financial structures of the EAEU - the Eurasian Fund for  Stabilization and Development (EFSD) and the Eurasian Development  Bank (EDB), the state budget project plans to implement 3 programs  with 6 events. Armenian Minister of Finance Tigran Khachatryan stated  this on November 4 at a joint meeting of the standing parliamentary  committees to discuss the draft state budget for 2022.

ArmInfo.

ArmInfo.A.S. Energy LLC will invest 1.65 billion drams for the construction of a  Solar Power Station with an installed capacity of 5 MW in the Gegharkunik region  of Armenia.

ArmInfo. Currently, Armenia is implementing subvention programs with a budget of over 48 billion drams, RA Prime Minister Nikol Pashinyan said. On November 4, the  Armenian government allocated 532 million drams to 9 regional  administrations to finance construction work within the framework of  subvention programs.

ArmInfo. At the end of October, Yerevan hosted the annual but already traditional event in the country's IT industry - DigiTec Expo2021. This time the event  took place in the exhibition area of the Karen Demirchyan Sports and  Concert Complex.

ArmInfo.

ArmInfo.The budget of the Ministry of Foreign Affairs of Armenia (including the cost of maintaining the administrative staff) will grow by about 2% in 2022.  Minister of Finance of the Republic of Armenia Tigran Khachatryan  announced this on November 4 at the preliminary hearings of the draft  state budget of the Republic of Armenia at the joint meeting of the  standing committees of the parliament.

ArmInfo.It was a great pleasure to host Vincent Lehner, Head of Markets at Symbiotics, during his first post-Covid business trip.

ArmInfo. The budget of the National Assembly of Armenia in 2022, in comparison with the indicator approved for the current year, will slightly decrease -  from 6 billion 090 million to 5 billion 952.3 million drams. Minister  of Finance of Armenia Tigran Khachatrian stated this on November 3 at  the preliminary discussions of the state budget at the joint sitting  of the NA Standing Committees.

ArmInfo.The draft state budget provides for 133 billion 644.9 million drams, or about $ 271 million (the estimated exchange rate of the Armenian dram to the dollar is  493.6 drams for 1 US dollar) for the expenditures of public  administration system of Armenia in 2022. Of these, 131 billion 755  million drams will be allocated for current expenses, and 1 billion  889.9 million drams for non-financial (capital) assets.

ArmInfo.AraratBank and MasterCard international payment system launch joint campaign between November 01 and December 25, 2021 followed by a great raffle.

ArmInfo.The expenses of the Prime Minister's Office, including the administrative staff, will be cut by 34.5% in 2022. Minister of Finance of Armenia Tigran  Khachatrian stated this on November 3 at the preliminary discussions  of the state budget at the joint sitting of the NA Standing  Committees.

ArmInfo.About 425 million drams will be allocated from the state budget of Armenia for the foreign trips of the President of Armenia in 2022 (about 8.6 million US  dollars, 1 dollar is equal to 493.6 drams). This is stated in the  draft law "On the state budget of the Republic of Armenia for 2022".

ArmInfo. 100% of shares of the Armenian subsidiary of "Rostelecom" company GNC-Alfa are put up for sale. The Chairman of the Public Services Regulatory Commission  (PSRC) Garegin Baghramyan confirmed this information to Lurer.am.  "Application has been received.

ArmInfo.The current development of the Armenian economy indicates weaker than predicted activity, mainly due to a downturn in the agricultural sector and the  expected slowdown in service sector growth due to a new wave of the  pandemic. This is stated in the message of the Central Bank of the  Republic of Armenia, which substantiates in detail the decision taken  on November 2 to maintain the refinancing rate at 7.25%.

ArmInfo. In 2022, according to the draft state budget, allocations to all state structures of the financial and economic block of the government will be increased.