ArmInfo. The construction of the Rasht-Astara railway will mean a further blockade of Armenia, and nothing more. Ara Marjanyan, EU national expert on transport, told  ArmInfo.  According to him, the construction of this section of the  road, which was announced by Russian President Vladimir Putin in  Tehran, does not promise anything good for Armenia, since the use of  the North-South corridor on the left bank of the Caspian Sea will  have the most negative impact on projects in Armenia itself. 

ArmInfo.Manufacturers-exporters, providing 20% of Armenia's GDP, are going through extremely difficult times. The sharp revaluation of the dram (from 470-480 drams at the  end of February and an increase to 520 in early March with a decline  to about 400-410 drams per $ 1) became a real test for exporters of  goods and services, as well as for investors and small local  producers.

ArmInfo.The Eurasian Economic Commission (EEC) proposes to determine tariffs on the common gas market of the EAEU in accordance with the methods in force in the  member states of the Union, which will provide for non-discriminatory  and transparent mechanisms for setting tariffs on the common gas  market of the Union.

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ArmInfo.Natural gas supplies to Armenia increased by 22.7%.  The Gazprom Armenia company reports.  

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ArmInfo. Armenia's Deputy Minister of Economy Narek Teryan held a meeting with Vyacheslav Ivaschenko, Business Development Director, Wildberries, and  representatives of Armenia's business community.

ArmInfo.This January-June, Armenia's national debt increased by $706.2mln or 7.7% and reached $9, 931.8mln. Armenia's national debt in AMD terms decreased by AMD  374.3bln or 8.5%, amounting to AMD 4,055.3bln, mainly due to AMD  appreciation against thee USD. 

ArmInfo. In the first quarter of 2022, Iranian exports to Armenia showed a 21% growth as compared with the first half of 2021, Iran.ru reports, referring to the  Islamic Republic of Iran Customs Administration (IRICA). 

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ArmInfo. VTB plans to launch a pilot project for cross-border transfers of individuals to the CIS countries through the Faster Payments System (FPS) this autumn.   Anatoly Pechatnikov, Deputy Chairman-Mgmt Board at VTB Bank, said  this in an interview with the Rossiya 24 TV channel.

ArmInfo. RA Minister of Finance Tigran Khachatryan received Maciej Czura, Head of European Investment Bank (EIB) Regional Representation of the South Caucasus. 

ArmInfo. Armenia's mineral resource industry has failed and solving the existing problems requires higher standards, Oleg Dulgaryan, Head of the Community Support Center,  stated at a discussion on Minerals Industry Development Strategy. 

ArmInfo. The Russian retail chain Magnit is interested in Armenian products, Anatoly Vilkov, Manager, Fresh Product Import Department, Magnit retail chain, stated  during his talks with RF Trade Representative in Armenia Anna  Donchenko. 

ArmInfo.Euromoney has named Ameriabank the Best Bank of Armenia in its Awards for Excellence 2022, which were announced at a ceremony in London. The prestigious Awards, run since 1992 by a leading European finance magazine, evaluates levels of financial performances, the service quality, product innovation, digitalization and other achievements across the banking industry.

ArmInfo. Due to the revaluing of the dram Armenian developers are losing up to 25% of their income. Artak Andreasyan, a member of the Council of the Association of  the  Armenian Developers, stated this during a press conference on July 18.

ArmInfo. Armenian Minister of Economy Vahan Kerobyan took part in the meeting initiated by the US Chamber of Commerce, which was attended by representatives of the  business sector.

ArmInfo.The Russian ruble began to rapidly depreciate against the US dollar at the end of February amid the Russian-Ukrainian conflict and Western sanctions. Its course rose  to 120 rubles.

ArmInfo.The loss rate for compulsory motor third-party liability insurance (CMTPLI) is going down - 65% in the first half of 2022 against 81% in the first half of  2021, and 73% in 2019. The cause is a 19.7% year-on-year increase in  the number of insurance contracts, which caused a 21.4% increase in  insurance premiums, up to $29mln, with a simultaneous 8.7% decline in  insurance indemnities, down to $18.7mln, the Armenian Motor Insurers'   Bureau reports.