Economics

February 3, 2023 - 12:23 AMT PanARMENIAN.Net - Minister of Economy Vahan Kerobyan believes Armenian businesses will feel the “positive effect” if the land border with Turkey opens. “According to the information we have, regular air cargo flights aren’t being operated yet,” Kerobyan said in an interview with Armenpress when aske...

February 1, 2023 - 11:25 AMT PanARMENIAN.Net - The leaders of CIS have invited representatives of the Shanghai Cooperation Organization (SCO) and BRICS countries to take part in the Commonwealth Economic Forum to be held in Moscow in March, CIS Secretary General Sergei Lebedev told reporters on Tueaday, January 31. "The meeting...

January 31, 2023 - 17:46 AMT PanARMENIAN.Net - Following a series of events dedicated to the jubilee of the Armenian brandy making, which celebrated its 135th anniversary in 2022, ARARAT Museum has unveiled a temporary exhibition. The exhibition reveals the most interesting episodes of the rich heritage under a new light. The ...

January 31, 2023 - 17:36 AMT PanARMENIAN.Net - The Common Aviation Area Agreement (CAAA) between the European Union and Armenia entered into administrative application sometime in January, EU NEIGHBOURS east reveals. The agreement was signed on 15 November 2021 and aims at removing market restrictions and creating a common avia...

January 28, 2023 - 12:30 AMT PanARMENIAN.Net - Ameriabank has been the absolute leader on the mortgage market for five years in a row. In 2022, the bank’s mortgage portfolio grew by AMD 45 bln or 32%, totaling AMD 186 bln. Ameriabank’s market share is reaching 22 % as of 31.12.2022. In 2022, 1,635 brand-new apartments were purc...

January 26, 2023 - 15:02 AMT PanARMENIAN.Net - Citizens of Armenia will be able to travel to the United Arab Emirates visa-free, according to a draft proposal approved by the government on Thursday, January 26. The proposal says that the UAE is the first trade partner of Armenia in the region, with increasing volumes of bilater...

January 10, 2023 - 17:13 AMT PanARMENIAN.Net - Preliminary data suggests 1.67 million tourists traveled to Armenia throughout 2022, the Tourism Committee said Monday, January 9. According to the Committee, 130,000 people arrived in Armenia 2022, up from 67,000 in 2021. “For the second time this year, we exceeded 2019's monthly...

January 10, 2023 - 10:28 AMT PanARMENIAN.Net - IDBank has summed up the year 2022 which it says was another year full of challenges for everyone, given the military operations and border tensions in the region, their consequences, as well as the tense relations between allied countries. Despite all this, the Bank tried to overc...

January 5, 2023 - 13:29 AMT PanARMENIAN.Net - The first publication of Idram in 2023 should of course be exactly like this: having reached the achievements set for 2022, certain heights and clear results, with new initiatives in the plans. Here is a summary of the outgoing year in Idram. In 2022, the number of outlets with Idr...

January 3, 2023 - 14:33 AMT PanARMENIAN.Net - New legislation entered into force on January 1, 2023 which raised the minimum wage by 10% from AMD 68,000 to AMD 75,000, Armenpress reports. Zhora Sargsyan, the Head of Department of Labor and Employment at the Ministry of Labor and Social Affairs, said that the raise in the minimu...