ArmInfo.On June 10 of this year, AraratBank started the regular process of placing bonds. The placement, due to be finalized on September 10 as per the terms of the bond issue, was completed on August 2.

ArmInfo. The Commission for the  Protection of Competition (CPC) of Armenia has imposed a fine of  about 53 million drams on Global Shipping for unfair competition.

ArmInfo. July 29 to August 2, 2024, USD transactions showed a growth, with a decline in RUB and EUR ones in Armenia's interbank foreign exchange market. Three USD, three RUB transactions and one EUR transaction were effected during the period under review.

ArmInfo. The Federal Service for Veterinary and Phytosanitary Surveillance of the Russian Federation (Rosselkhoznadzor) lifted restrictions on only one out of the 16 Armenian enterprises that export agricultural products to Russia. This outcome was achieved through negotiations between Armen Hayrapetyan, the head of the Food Safety Inspectorate of Armenia and Sergey Dankvert, the head of Rosselkhoznadzor. According to the press service of the FSIB, the meeting, held in a video conference format, addressed issues related to the ban on agricultural product imports  to Russia from the  16 Armenian organizations. 

ArmInfo. The Armenian government has identified tax collection as its KPI (key performance indicator), for evaluating its activities. This is the viewpoint of Aghasi Tavadyan, an associate professor at the Armenian State University of Economics. He references the Laffer curve concept and emphasizes the necessity of developing a more balanced tax policy. 

ArmInfo. On August 2, Kristina Ghalechyan, the  Deputy Minister of Territorial Administration and Infrastructure in Armenia, received members of the Asian Development Bank (ADB) fact-finding mission, led by Don Lambert, ADB Resident Representative in Armenia.  As reported by the Road Department Fund, the purpose of the ADB fact-finding mission is to discuss details related to the construction of the 27-kilometer northern section of the Sisian-Kajaran North-South road and the preparation of the loan agreement text.  The department noted that ADB will co-finance the construction of the northern section of the Sisian- Kajaran road in collaboration with the Armenian government. 

ArmInfo. The South Caucasus Railway company celebrated its professional holiday - Railway Worker's Day - with a number of events at its enterprises in Gyumri, Yerevan, Sevan and Vanadzor.

ArmInfo. Armenia'sMinister of Economy Gevorg Papoyan hosted Mr Francoise Jabob, U.S. Resident Coordinator in Armenia. 

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ArmInfo. The 8th UN World Conference on Wine Tourism will be held in Yerevan from September 11 to 13.

ArmInfo. According to the statement issued by the RA Food Safety Inspectorate, negotiations have made it possible to organize transit transportation of small cattle from Armenia to the Republic of Iraq through the territory of Iran. As noted in the statement, Tehran has given initial approval for this transit. The animals must undergo a 21-day quarantine in the country of origin, under the supervision of an Iranian Veterinary Organization (IVO) representative. 

ArmInfo. A pilot program for labeling beer products will be implemented in Armenia. The decision was made at a meeting of the RA government on August 1st. 

ArmInfo. The RA government intends to create a legal basis for financing research and development work when submitting applications for the development of military products.

ArmInfo. In order to manage the project for the construction of a new nuclear power unit in Armenia, it is planned to create a closed joint-stock company. The decision to establish a CJSC was made at the meeting of the RA government on August 1.

ArmInfo. The RA government will subsidize interest rates on additional loans attracted by purchasing companies in order to successfully organize the purchase of agricultural products in 2024.

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ArmInfo.Loan of €55 million for Acba bank to support local private sector.

ArmInfo. An interdepartmental working group has been established in Armenia to create a strategy for the development of the water sector in the country. The decision to form the working group was signed by RA Deputy Prime Minister Tigran Khachatryan. 

ArmInfo. Armenia intends to attract a $40 million loan from the International Bank for Reconstruction and Development, a part of the World Bank Group, for the reconstruction of three electrical substations. The issue to approve the signing of an agreement with the Bank is included in the agenda of the RA government meeting, scheduled for August 1. 

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