ArmInfo. The expenditures of the state budget of Armenia in January-July 2021, compared to the same period in 2020, increased by 12.1% or by 113.4 billion drams.  The growth is largely due to an increase in costs related to  servicing public debt, non-financial assets, benefits and grants.  This is evidenced by the data of the Ministry of Finance of Armenia.

ArmInfo."Amundi-ACBA Asset Management" company and the RA Ministry of Labor and Social Affairs signed a memorandum of cooperation. As noted in the message of the  company, within the framework of cooperation "Amundi-ACBA Asset  Management" from its profits will provide 10 thousand euros for the  study of the strategy of introducing a social housing system in  Armenia.

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ArmInfo.“Optimum Energy was founded in 2013. The company is engaged in the construction of solar stations, and we also have our own solar stations.

ArmInfo. The Argentine Embassy in Armenia is launching a project to create the first  Argentine Chamber of Commerce in Yerevan. This is stated in the  official statement of the diplomatic mission.

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ArmInfo.Governor of the Central Bank of Armenia Martin Galstyan took part in an online high-level international research conference organized by the Central  Bank of the Philippines. As the press service of the Central Bank of  Armenia told ArmInfo today, at the "Central Banking in a Post-COVID  Economic World" online conference held on September 27, the head of  the Central Bank of Armenia delivered speech on topic of new monetary  policy era for emerging markets. 

ArmInfo.Chairman of the State Revenue Committee (SRC) of Armenia Rustam Badasyan received Ambassador Extraordinary and Plenipotentiary of the Italian Republic  to the Republic of Armenia Alfonso Di Riso. Issues of cooperation  between Armenia and Italy in the field of tax and customs  administration were discussed at the meeting.

ArmInfo.The average monthly salary (average earnings) in Armenia in Jan-June 2021, compared to last year, increased by 5.4%, amounting to 196 thousand 400 drams.  This was announced on September 27 by Minister of Finance of the  Republic of Armenia Tigran Khachatryan, presenting the progress of  the implementation of the state budget for the first half of the year  for 2021 at a meeting of the Standing Committee on Financial-Credit  and Budgetary Affairs.

ArmInfo. Despite the fact that annual inflation in Armenia reached 8.8% in August 2021, and the growth continues, the Central Bank expects inflation to return to the  target value of 4%. This was stated by the Deputy Chairman of the  Central Bank of the Republic of Armenia Nerses Yeritsyan on September  27 at a meeting of the Standing Committee on Financial-Credit and  Budgetary Issues on the Execution of the State Budget for the first  half of 2021.

ArmInfo.In Armenia, economic activity in January-August 2021 increased by 4.9% per annum (against a 6.4% decline a year earlier), accompanied by an accelerated growth  in exports and imports. In August of this year by August 2020,  economic activity increased by 2.3% (against a decline of 9.8% a year  earlier), while in August 2021 alone it slowed down to 2.1% from 7.5%  in July, which was also observed in August 2020 - up to 7.4% from  9.7% in July.

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ArmInfo. Fitch Ratings has affirmed Armenia's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'B+' with a Stable Outlook. This is stated in the Fitch  report, which provides revised forecast for Armenia's GDP growth for  2021 towards growth. 

ArmInfo.Head of Iran-Armenia Joint Chamber of  Commerce Hervik Yarijanian told ILNA that the volume of exports from  Iran to Armenia increased significantly, but Armenian authorities  have increased the costs of export to the country, which can have  negative impact on the trade, Iranian Agency IRNA informs,

ArmInfo. The growth of vehicles with CMTPL (compulsory motor third party liability policy) resumed in Armenia. And as evidenced by the data of the Bureau of  Motor Insurers of Armenia, their number increased in January-August  2021 by 1% per annum, with an exit from the 2.9% decline a year  earlier, but so far it is much inferior to the pre-covid upward rate  of 13% for the same period in 2019.

ArmInfo.On September 24, the RA government approved a program of measures to alienate state reserves of precious metals and precious stones of the "State  Treasury of Precious Metals and Stones" agency of the Ministry of  Finance of Armenia for 2022-2024. The project was approved without a  report or discussion.

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