ArmInfo.Around 17,000 pensioners and people receiving benefits are participating in a  government-sponsored 10% cashback programme for purchases by means of  cashless settlements this July. A total of AMD 44mln will be  transferred to their bank cards within a couple of days, Armenia's  Minister of Labor and Social Affairs Narek Mkrtchyan said.

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ArmInfo.This September the basic pension will be raised 17% in Armenia, with a 7% average pension rise. 

ArmInfo. On August 23, the Board of the Eurasian Economic Commission decided to establish and distribute tariff quotas for a number of types of meat products and  whey for 2023. This was reported by the press service of the EEC.

ArmInfo. The Armenian government has revealed the main directions of tax policy for the next three years. The document entitled "Tax Revenue Management Program for  2022-2025", signed by Armenian Prime Minister Nikol Pashinyan, allows  us to assess the scale of the expected changes.

ArmInfo.The expenditures of the state budget of Armenia for January-July 2022 amounted to 1 trillion 94.7 billion drams (about $2.2 billion). Compliance compared to the  updated plan for January-September amounted to 65.2%. At the same  time, 16.6% of the total expenditures or 181.5 billion drams alone  were allocated to cover the defense sector expenditures, which is 60%  of the adjusted figure for 9 months.

ArmInfo.This January-July, the tax revenues of Armenia's consolidated budget totaled 1,086.7bln, which is 81.4% of the target for January-September 2022, 1,334.9bln. 

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ArmInfo.Armenia's economic development over the last years has been such that the country progressed from lower to upper middle-income level, as classified by  the World Bank.

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ArmInfo.Global Finance Magazine has announced the winners for the 2022 World’s Best Consumer Digital Bank Awards, naming Ameriabank the winner of the Most Innovative Digital Bank category in Central & Eastern Europe region.

ArmInfo. The share of the corporate component continues to prevail over the retail one in the premium portfolios of Armenian insurers in H1 2022, - 58.2% (19.7  billion drams) against 41.8% (14.1 billion drams), which is very  close to the data of a year ago - 57% against 43% respectively.  

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ArmInfo. A new government-assisted employment programme is being launched in  Armenia. Under the programme, employers will receive compensations  for hiring currently unemployed people. 

ArmInfo.The share of the EAEU countries in the foreign trade turnover of Armenia continues to grow, reaching 33.6% (over $1.733 billion) by the end of H1 2022, while the  share of the EU countries has already decreased to 19% ($980.8  million). The y-o-y dynamics of foreign trade volumes in both  directions is upward: the growth with the EAEU countries was 52.5%,  and with the EU countries - 37.6%, against the lower positive trends  of15.3% and 21%, respectively, a year earlier. This is evidenced by  the final data of the RA Statistical Committee.

ArmInfo.As of July 1, 2022, the per capita debt reached $3,400 against $3,000 last year, with per capita foreign debt being $2,200 against $2,300, and per capita  internal debt $1,200 against $740. Armenia's population was 2.962mln  (2,700 fewer that last year). 

ArmInfo.As of now, Armenia's tax revenues  exceed the target by about AMD 70bln, Armenia's Premier Nikol  Pashinyan stated at a Cabinet meeting on Thursday. 

ArmInfo. In January-July 2022, Armenia's public debt increased by almost 7.7% or $706.2 million - up to $9 billion 974 million. At the same time, as a result of the  revaluation of the national currency against the US dollar, the  public debt in dram terms decreased by 8.2% or 363.1 billion drams -  up to 4 trillion 067 billion drams.