ArmInfo. Large electricity consumers in Armenia will have the opportunity to directly sign  contracts with electricity producers. At its session on March 19, the  RA National Assembly Committee on Economic Affairs issued a positive  opinion on the amendments to the Law on Energy submitted in the first  reading by a group of NA deputies.

ArmInfo. The Central Bank of Armenia has revised its GDP growth forecast for 2025 from the previous 7.1-4.8% to an updated 7-4.5% (against the actual 5.9%  growth in 2024). The Central Bank has also revised its GDP growth  forecast for 2026, now expecting a slowdown to 4.7-4.1%, instead of  the previous slowdown to 4.7% or acceleration to 7% (depending on the  inflation trajectory). As a result, the absolute value of GDP will  increase in 2025 to 10.956-10.715 trillion drams (from 10.127  trillion drams in 2024), and then in 2026 it may reach 11.5-11.2  trillion drams. This is noted in the March report of the Central  Bank of the Republic of Armenia "Monetary Policy for the First  Quarter of 2025".

ArmInfo. The Commission for the Protection of Competition (CPC) of Armenia fined bookmakers for almost 1 billion drams.

ArmInfo. Armenia and the Hong Kong Special Administrative Region of China will cooperate in matters related to the avoidance of double taxation and the prevention of tax  evasion. The Committee on Economic Affairs of the National Assembly  of the Republic of Armenia issued a positive conclusion on the draft  of the relevant agreement submitted by the Government of the Republic  of Armenia.

ArmInfo.  The 2024 budget of Armenia was underfulfilled. This is stated in a study conducted by the Luys Foundation.

ArmInfo. The Asian Development  Bank (ADB) will allocate 236 million euros for the construction of  the northern section of the Sisian-Kajaran road, part of the North-  South transport corridor. The  loan agreement was signed by ADB  Resident Representative in Armenia Don Lambert and Armenian Minister  of Finance Vahe Hovhannisyan.

ArmInfo. Deputy Minister of  Territorial Administration and Infrastructure of Armenia Kristine  Galechyan received Yevgeny Zhukov, Director General of the Asian  Development Bank (ADB) in Central and West Asia.

ArmInfo.

ArmInfo.

ArmInfo. Positive sentiment  regarding a potential swift resolution of the Ukrainian crisis, the  freezing of the Russian- Ukrainian conflict, and the ensuing  negotiations play a significant role in strengthening the ruble. A  similar opinion was expressed by Martin Galstyan, the Chairman of the  Central Bank of Armenia, during a press conference on March 18. 

ArmInfo. The Armenian  government's decision to  place the next tranche of Eurobonds   (totaling $750 million - ed.) is a right step, especially since the  intention to issue them was announced in advance. This was noted by  the Chairman of the Central Bank of the Republic of Armenia, Martin  Galstyan, during a press conference on March 18.

ArmInfo. Վարչապետ Նիկոլ Փաշինյանի գլխավորությամբ տեղի է ունեցել խորհրդակցություն, որի ընթացքում ներկայացվել է Ինտեգրված կադաստրի ստեղծման ռազմավարական ծրագրի հաշվետվությունը՝ 2024 թ.-ին իրականացված աշխատանքները:

ArmInfo. Yerevan, March 18, ArmInfo, Alina Hovhannisyan. Armenia places  special importance on cooperation with the EU and is prepared to  further enhance trade and economic ties in all possible areas and   directions. 

ArmInfo.

ArmInfo.

ArmInfo. Air Arabia Abu Dhabi will start operating flights on the route Abu Dhabi-Yerevan-Abu Dhabi starting June 1, 2025, as reported by the press service of Zvartnots  International Airport. Flights will be operated 6 times a week: every  Monday, Thursday, Wednesday, Friday, Saturday and Sunday.

ArmInfo. This time, the Central Bank of Armenia has considered it appropriate to leave the refinancing rate unchanged at 6.75%. This decision was made on March  18 at a meeting of the Board of the Central Bank of  Armenia.  The  Lombard Repo Facility Rate - 8.25% and the Deposit Facility Rate  -  5.25% have also been kept at the previous level.

ArmInfo. The Republican Union of Employers of Armenia (RUEA) is deeply convinced that the purpose of the amendments to the Administrative Procedure Code of the Republic  of Armenia initiated by the Ministry of Justice to review the  procedure for appealing fines is to quickly replenish the state  treasury. Meanwhile, its adoption will have irreversible negative  consequences for Armenian business.

ArmInfo. The placement of Eurobonds in the amount of $750 million at an extremely high rate of 7.1% per annum indicates a deterioration in the situation in the  Armenian economy. This assessment was made by economist, former  member of parliament from the Prosperous Armenia faction Mikael  Melkumyan.

ArmInfo. Former assistant to Prime Minister Nikol Pashinyan and brother of the ruling NA faction MP Hayk Sargsyan - Nairi Sargsyan proposes returning to the previous system  of product labeling, since the new one is unreliable and has already  become a real "headache" for businesses.