ArmInfo.At a press conference on September 23, Fast Shift announced its partnership with Idram to join the open QR infrastructure. A memorandum of understanding was signed between the two companies, allowing Fast Shift users to scan Idram QR codes at over 22,500 points of sale using their applications.

ArmInfo.Compared to 2017, the state budget of Armenia in 2024 will be doubled, as stated by  Rustam Badasyan, the Chairman of the State Revenue Committee of Armenia,  on November 4 during parliamentary hearings on the draft state budget for the country in 2024.

ArmInfo.Head of the State Revenue Committee (SRC) of Armenia Rustam Badasyan does not see any  problems in ensuring the tax indicators of the state budget for 2024.

ArmInfo. One of the main areas of activity of the State Revenue Committee of Armenia in 2025  will be improving the quality of service to taxpayers and reducing the "shadow". This was stated by the head of the department Rustam Badasyan on November 4 during the discussions of the draft state  budget of the country at a meeting of the commissions of the National Assembly of the Republic of Armenia. 

ArmInfo. The Eurasian Development Bank predicts that in December of this year, the Central  Bank of Armenia will make another reduction in the refinancing rate. This is stated in the weekly macro review of the Bank, presented on November 4 on the EDB page in Telegram - channel.

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ArmInfo.The Asian Development Bank (ADB) will provide Armenia with a budget assistance loan of  89.469 million euros. The loan agreement "Fiscal Sustainability and Financial Markets Development Program - Subprogram 2" was signed between the Ministry of Finance and ADB on November 1 of this year,  as noted in the message of the Ministry of Finance of the Republic of Armenia.  

ArmInfo.The sale of HSBC Bank Armenia (HSBC Armenia) to Ardshinbank is expected to complete on  November 29, 2024. At completion of the transaction, HSBC Armenia will become a wholly owned subsidiary of Ardshinbank and will be renamed Ardshininvestbank CJSC, as noted in the statement of HSBC Bank Armenia.

ArmInfo. Armenian companies will be able to enter the Warsaw Stock Exchange with an IPO through cross- or dual listing mechanisms. This was reported to ArmInfo by Grzegorz Kucharski, the representative of the Warsaw Stock Exchange (WSE) on the board of the Armenian Stock Exchange (AMX), answering a question  about the possibilities of Armenian companies entering the European capital market.

ArmInfo.IDBank continues to enhance and modernize its branches. The bank informs that the Arabkir branch has been reopened.

ArmInfo.There are no plans to implement Universal Health Insurance (UHI) in Armenia in 2025.  Minister of Finance of Armenia Vahe Hovhannisyan stated this in parliament on November 1, noting that there is no corresponding expenditure item in the draft budget for the following year.

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ArmInfo.The launched program "Irrigated Agriculture Development in Ararat and Armavir Provinces"  (IADAAM) will open a new page for the agricultural sector, contributing to the implementation of reforms in the field of irrigation. This was stated by Deputy Minister of Economy of Armenia Arman Khojoyan at the launch of the program in Yerevan on October 31.

ArmInfo. Armenia's nominal GDP in 2024 will be 10 trillion 110.2 billion drams, or 405.9 billion  drams less than the program indicator, and 125.2 billion drams lower than the indicator projected by the Medium-Term Expenditure Framework for 2025-2027 (MTEF). In 2025, the lag behind the MTEF will continue.

ArmInfo. Armenia's gross international reserves (GIR) decreased by 14.2% per annum or $592.2  million to $3.574 billion by October 2024, while a year ago an increase of 11.4% or $426.7 million was recorded. Thus, GIR continues to move away from the historical maximum of $4.2 billion recorded in  August 2023. 

ArmInfo. The Armenian Stock Exchange (AMX) intends to sign an agreement in the coming days to join the Tabadul exchange platform, which belongs to the Abu Dhabi Securities Exchange (ADX). This was told to ArmInfo by the Chairman of the AMX Board of Governors Hayk Yeganyan. 

ArmInfo.Armenian Airlines is launching a flight on the Yerevan-Batumi-Yerevan route. This was  stated in a statement by the carrier. According to the source, the flights will begin on December 26 and will continue until January 12. 

ArmInfo. On November 1, Converse Bank began the initial placement of dram and dollar bonds in  the amount of 5 billion drams and $5 million. The initial placement is scheduled to be completed by February 3, 2025. This is noted in the Bank's statement.  

ArmInfo.As of October 20, 2024, the consolidated budget of the Republic of Armenia received 1  trillion 827.7 billion drams in tax revenues, which is 71.6% of the program indicator for the year in the amount of 2 trillion 613.6 billion (24.9% of GDP).