ArmInfo. According to the preliminary estimate of the Motor Insurers' Bureau, as a result of the liberalization of the  CMTPL (Compulsory Motor Third Party Liability) market, from April 1, prices will decrease for 56% of car owners who choose the minimum base rate, for 21% they will remain approximately the same, and for 23% they will increase.

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ArmInfo.

ArmInfo.

ArmInfo. A round table discussion was held by ADB Armenia, prior to publication of the Armenia ICT Sector Assessment Report commissioned by ADB. This was reported by the press service of the ADB Armenia on its official Facebook page.

ArmInfo. Russian resettlers, whose number in Armenia, according to various sources, is estimated from 80 to 100 thousand people, not only contributed to high "statistical" economic growth and low "estimated" inflation in the country, but also made it possible to significantly strengthen the resources of the Armenian banking system.  However, Armenia, having benefited from both people and capital, has appeared under the powerful sanctions lens of the Western countries, which is seriously concerned about the possibility of circumvention of anti-Russian sanctions by countries friendly or neutral to Russia. Armenian banks were immediately warned that they must strictly follow the international regulations against the legalization of proceeds from crime (money laundering) and put up serious barriers to clients' attempts to circumvent anti-Russian sanctions in the course of trading activities.  By and large, by March last year, Armenian banks were not ready for such a turn, and therefore they began to actively implement the so-called compliance control and its tough “barrier” tools.

ArmInfo. On March 29, RA Prime Minister Nikol Pashinyan chaired a meeting on economic growth trends and development programs.  <According to the data published the day before by the Statistical Committee, Armenia continues to be in a state of high economic activity.  We set the task of ensuring economic growth of at least 7% by 2023. I propose to discuss some of the nuances related to economic performance indicators and bring together our upcoming actions in terms of ensuring our goals>, the prime minister said.

ArmInfo. Daily tax losses of Artsakh due to the blockade of the Lachin (Berdzor) corridor, the only road connecting the republic with Armenia and the outside world, are estimated at 81 million drams or $204 thousand (395.9 drams per $), of which about 35 million drams are payments of mining enterprises. Vardan Aramyan, former Minister of Finance of the Republic of Armenia, international consultant on state finance management, said in response to ArmInfo's question, on March 29, presenting a report "On assessing the losses of the Artsakh economy due to the blockade", prepared by a group of economists commissioned by the Government of the Republic of Artsakh and former State Minister Ruben Vardanyan.

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ArmInfo.

ArmInfo. Digitalization and seamlessness of the North-South ITC will lay the foundation for technological standards in Greater Eurasia, thereby playing a significant integration role. This was stated by Tigran Sargsyan, Deputy Chairman of the EDB Management Board, speaking at the "Technological Alliances in Greater Eurasia" plenary session within the framework of the Russia-India Business Forum: Strategic Partnership for Development and Growth.

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ArmInfo. The average y-o-y official inflation rate in Armenia will decrease to 4.4% in 2023 from the actual 8.6% in 2022 (January-December to the same period in 2021), with further downward movement to 3.8% in 2024 and stabilization at target 4% in 2025. Inflation will begin to fall to the target level from the second half of 2023. Such a forecast is presented in the Monetary Policy Program (MPP) of the Central Bank of Armenia for Q1 2023, published on March 28, where GDP growth expectations are set to slow to 5.8% in 2023 (from an actual 12.6% in 2022), followed by a slowdown to 5.2% in 2024 and 4.9% in 2025.  Moreover, the Central Bank, pointing to a decrease in inflation in the near future in its scenario, nevertheless warns that some goods and services, which are characterized by rigid prices, will continue to rise in price under the influence of high demand and inflationary expectations.

ArmInfo.

ArmInfo. The geography of Kazakhstani air routes from Armenia is expanding. According to the press service of the airport of Armenia International Airports CJSC, the Kazakh Fly Arystan airline will start operating flights on the Aktau-Yerevan-Aktau route since 4 May 2023. According to the source, flights will be operated twice a week, every Thursday and Sunday.

ArmInfo. The blockade of Artsakh by Azerbaijan causes great damage to the economy of the republic: the total financial and economic losses amount to at least 753 million drams or $1.9 million (395.5 dras per $) per day. This was stated by the former minister of finance of Armenia, international consultant on public finance management Vardan Aramyan, on March 29 in Yerevan, presenting a report "On the assessment of the losses of the economy of Artsakh due to the blockade", prepared by a group of economists commissioned by the government of the Republic of Artsakh and former state minister Ruben Vardanyan.

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ArmInfo.

ArmInfo.

ArmInfo.