ArmInfo.

ArmInfo. The American company Wabtec is showing interest in the Armenian market.  Representative of the company Lars Hickey met with Deputy Minister of Territorial  Administration and Infrastructures Armen Simonyan, during which the  possibilities of a company with a 150-year history and supplying  equipment and systems for freight and transit rail transportation to  the world market were presented.

ArmInfo.Negotiations with Gazprom on the gas price are permanent, we are trying to consider at least maintaining the tariff, Deputy Prime Minister Mher Grigoryan  said during the government hour in parliament on September 15,  referring to the record rise in gas prices in Europe.  

ArmInfo.What are the key environmental and social issues that can be addressed by establishment of intensive orchards? How to establish them, and what are their advantages? What are the main environmental challenges that also affect agriculture? We seek the answers to these questions in Converse Bank, which offers a wide range of financing tools in the field of agriculture.

ArmInfo.

ArmInfo.The World Bank's updated Groundswell report finds that climate change, an increasingly potent driver of migration, could force 216 million people across six  world regions to move within their countries by 2050. Hotspots of  internal climate migration could emerge as early as 2030 and continue  to spread and intensify by 2050. The report also finds that immediate  and concerted action to reduce global emissions, and support green,  inclusive, and resilient development, could reduce the scale of  climate migration by as much as 80 percent.

ArmInfo.The unprecedented rise in gas prices in Europe and membership in the EAEU, in theory, open up new opportunities for Armenia in the direction of lowering  the existing price for Russian gas. A similar opinion was expressed  to ArmInfo by an expert on energy security Vahe Davtyan.

ArmInfo. In Jan-July 2021, the net inflow of transfers from individuals increased by 78.5% per annum (from a 1.2% decline a year earlier) - to $ 483.6 million,  which is largely supported by the continuing rapid growth of  remittances from the United States, as well as gaining momentum the  growth of transfers from Russia. This is evidenced by the data of the  RA Central Bank.

ArmInfo.Andranik Piloyan, the Minister of Emergency Situations, Ashot Martirosyan, the Chairman of the Nuclear Safety CommitҐҐ in the Government of RA and Eduard  Martirosyan, the General Director of "Armenian Nuclear Power Plant"  CJSC signed a Memorandum of cooperation to improve data collection  and exchange through the seismological system, to study the seismic  mode of the ANPP and the surrounding area.

ArmInfo.

ArmInfo.Deputy Prime Minister of Armenia Mher Grigoryan participated in the regular Eurasian Economic Council (EEC) session through a video-conference.  

ArmInfo.The Board of the Central Bank of  Armenia estimates that the consistent tightening of monetary  conditions in recent years has a sufficient impact on the regulation  of progressive consumer demand, curbing of inflation and on ensuring  its target threshold in the medium term.

ArmInfo. The Central Bank of Armenia raised its forecast for Armenia's economic growth for 2021 to 5.4% from the previously expected 4.6%. Governor of the Central  Bank of the Republic of Armenia Martin Galstyan stated this at a  press conference on September 14.  According to the head of the  Central Bank, the main sectors that will contribute to the  acceleration of the country's economic growth will be agriculture and  the service sector.

ArmInfo.Inflation in Armenia is largely driven by supply rather than demand, as well as by the recent increase in vegetable prices (by 66.4% per annum in  August), which in turn is due to an increase in export supplies of  vegetable crops.

ArmInfo.In terms of transfers arriving in Armenia, Russia continues to lead, but the United States is leading in terms of growth rates. Governor of the Central Bank of  Armenia Martin Galstyan announced this on September 14 during a press  conference.  In particular, he explained that such an increase was  due to the stimulus checks provided by the US government to its  citizens, a large part of which are representatives of the Armenian  Diaspora.  

ArmInfo.After a long break of 8 years, a meeting of the Armenian-Ukrainian  intergovernmental commission on economic cooperation was held in  Armenia, within the framework of which an extensive protocol was  signed on cooperation in a number of areas, including trade and  economic, agricultural, social, educational, scientific, digital,  etc.

ArmInfo. In Armenia, in August 2021, the official y-o-y inflation calculated by the  Statistical Committee exceeded the y-o-y real inflation calculated by  the Central Bank - 8.8% versus 8%, respectively. In July 2021, the  y-o-y official inflation also exceeded real inflation, but less  noticeably - 8.2% versus 8.1%. And in the previous months of this  year, on the contrary, the real y- o-y  inflation exceeded the  official one.

ArmInfo.The Central Bank of Armenia has once again raised the refinancing rate - from 7% to 7.25%. As ArmInfo was told in the press service of the Central Bank  of Armenia, this decision was made by the Central Bank on September  14 at a meeting of the Council.  In this regard, rates on lombard  repo and on deposits attracted from banks were also increased by  0.25% percentage points - to 8.75% and 5.75%, respectively.

ArmInfo.About 2 billion drams will be allocated for the installation of 27 photovoltaic stations, Deputy Prime Minister Suren Papikyan said on his Facebook page.

ArmInfo.From January 1, 2022, the single operator of water supply company "Veolia Djur" proposes to increase the water tariff by 43.7 drams - up to 223.7 drams  (including VAT) per 1 cubic meter. The Public Services Regulatory  Commission (PSRC) accepted the application for revision of tariffs  for water supply services on August 12 of this year.