ArmInfo. The Armenian authorities raised a very expensive external debt at the beginning of the year to curb inflation and devaluation of the Armenian dram  instead of investing in the economy. On December 6, MP from the  opposition "Hayastan" faction Artur Khachatryan stated this in the  National Assembly, referring to the main macroeconomic indicators  laid down in the draft state budget of the republic for 2022.

ArmInfo. In 2022, GDP growth in Armenia will be 4-4.5% at best.  This forecast was made by Artur Khachatryan, Candidate of Physical and Mathematical Sciences, former  Minister of Agriculture, now a MP of the RA parliament from the  "Hayastan" opposition faction, on December 6 in the National  Assembly, touching upon the main macroeconomic indicators laid down  in the draft state budget of the republic for 2022.

ArmInfo.Armenia's economic activity in January-October 2021 increased by 4.3% (against a decline of 6.7% a year earlier), while in the pre-COVID period 7.1% growth  was recorded (in the same period in 2019). This is evidenced by the  final data of the RA Statistical Committee.

ArmInfo. "For 9 months of 2021, the fulfillment of capital expenditures in Armenia amounted to 68.3% alone or 163 billion drams. A reasonable question arises - how  realistic is the implementation of capital investments in the amount  of 357 billion drams or 200 billion drams more in 2022," opposition  MP from "Hayastan" faction Artur Khachatryan asked on December 6 in  the National Assembly touching upon the main macroeconomic indicators  laid down in the draft state budget of the republic for 2022.

ArmInfo. This January-November, 6% inflation was recorded in Armenia`s consumer market against 0.3% in the corresponding period last year, the cause being a 9.1% rise in prices for foodstuffs (including alcohol and cigarettes) and a 7.4%  rise in prices for nonfoods, with a 1.5% rise in prices for services.  Last January-November saw a 1% rise in prices for nonfoods, with a  0.9% reduction in prices for foodstuffs and a 1.4% rise in prices for  services recorded.

ArmInfo.Belarus is interested in strengthening cooperation with Armenia in the field of  high technologies. Ambassador Extraordinary and Plenipotentiary of  Belarus to Armenia Alexander Konyuk stated this during a meeting with  Minister of High-Tech Industry of Armenia Vahagn Khachaturyan.

ArmInfo.The Gyumri Information Technologies Center (GITC) is launching cooperation with the IBM company in implementing an artificial intelligence education  programme.

ArmInfo. The Japanese government will provide grants for the implementation of 2 programs in the Armavir and Lori regions of Armenia. 

ArmInfo.Armenia`s government is launching an e-platform, One Window, for developers. The government has amended one of its relevant decisions. 

ArmInfo. Trade will not be a full-fledged integration process without an increased share of national currencies in the Eurasian Economic Union (EAEU), Armenia`s Vice-Premier Mher Grigoryan stated at the plenary session on Key Investment Projects  are Drivers of Economic Growth, at the 2nd Eurasian Congress, in  Moscow, December 2. 

ArmInfo.Armenia`s country strategy has been worked out and is being agreed on with the stockholders, Nikolai Podguzov, Chairman of the Management Board,  Eurasian Development Bank (EDB), told reporters on the sidelines of  the 2nd Eurasian Congress on Moscow. In this context, in mid-2021 the  EDB adopted its grand strategy and, later, country strategies with  information on the implementation of the EDB grand strategy in each  country.

ArmInfo.A specialized monthly magazine dedicated to international finance as published by the British Financial Times Ltd since 1926, The Banker named Ardshinbank the Best Bank of the Year in Armenia for the third time. Previously, The Banker named Ardshinbank the Best Bank of the Year in 2014 and 2018.

ArmInfo.Analysts at the Eurasian Development Bank (EDB) have no assessment of the economic benefits that Armenia will receive from unblocking regional  transport corridors.

ArmInfo. SANSA LLC is investing 1.2 million drams in the construction of a greenhouse facility in the Aragatsotn region of Armenia.

ArmInfo. On December 2, the government of Armenia allocated over 885 million drams from the reserve fund (more than 1.8 million US dollars at the current  exchange rate) for the completion of 40 subvention programs, launched  during 2020-2021, in 36 communities of the country.

ArmInfo.The Mantashov Entrepreneurs Union, the  Restaurant Association and the Union of Advanced Technologies  Enterprises addressed an open letter to Armenian Prime Minister Nikol  Pashinyan with a proposal not to lift the embargo on the import of  Turkish-made products into the country.

ArmInfo. The level of Armenia's public debt will remain above the pre-epidemic level until 2026. Chief economist of the  Eurasian Development Bank (EDB) and  Eurasian Fund for Stabilization and Development (EFSD) Evgeny  Vinokurov expressed this opinion in discussion with journalists on  the sidelines of the second Eurasian Congress in Moscow.

ArmInfo.The Eurasian Development Bank (EDB) and Russian Holding Company CJSC signed a memorandum on the EDB's readiness to act as a lender and organizer of  financing for the Meridian highway, which is part of the  Europe-Western China transport corridor.

ArmInfo.

ArmInfo.The International Finance Corporation (IFC) is discussing the formats of its possible participation in the reforms planned by Armenia`s government, IFC  Regional Manager Ivana Fernandes Duarte stated at her meeting with  Armenia`s Minister of Finance Tigran Khachatryan.