“German Chancellor Olaf Scholz and Azerbaijan’s President Ilham Aliyev Set to Forge Strong Ties in Crucial Berlin Summit”
German Chancellor Olaf Scholz and President Ilham Aliyev of Azerbaijan set to meet in Berlin on April 26. Talks will cover bilateral relations, foreign and security policies, and economic and energy matters.
“Government Grants Import Duty Exemption to Becon Product for High-Tech Dairy Production Investment Program in Armenia”
The government announces exemption for Becon Product’s investment program in high-tech dairy production. The program includes equipment procurement, supplies, and factory construction worth $6.55 million. 426 employees currently work for the company, expected to increase to 526 by 2027. The products eligible for exemption total $2.55 million, with a customs duty exemption of $382.5 million.
Zambia’s President Urgently Calls for International Aid as Country’s Economic Crisis Worsens
Zambia’s President calls for international financial aid as the country’s economy struggles with a debt of $940 million. Severe drought worsens economic conditions, leaving 6 million in need of humanitarian assistance. Zimbabwe and Malawi also declare states of emergency.
Armenia’s Average Monthly Salary in 2024 Surpasses Expectations, Reaches New Heights
Armenia’s average monthly salary in January 2024 was 267,000 drams, with the public sector at 208,000 drams and the private sector at 291,000 drams. Compared to January 2023, wages increased by 7.1%, with the information and communication sector having the highest salary at 865,000 drams. Financial and insurance activities had an average wage of 579,000 drams.
“Armenia’s GDP Growth Forecast Raised by International Bank for 2024-2025, Inflation Concerns Loom”
The international bank predicts Armenia’s GDP growth to rise in 2024-2025 with a 5.5% and 4.9% projection, higher than previous forecasts. However, inflation may increase due to Russian gas and capital flows, while interest rates have decreased and salaries increased.
Armenian Deputy Prime Minister Raises Concerns over Cooperation with US and EU, Clashing with Eurasian Economic Union
Armenia’s cooperation with the US and EU is not agreed upon by the EAEU, says Deputy Prime Minister Mher Grigoryan. Diversifying economic relations doesn’t contradict EAEU membership. Meeting in Brussels focuses on Eastern Partnership, with financial support announced for Armenia’s development. News from Armenia.
“Armenian Economy Ministry Presents Draft to Boost Local Metallurgical Industry and Ensure Efficient Use of Resources”
Discover how the Republic of Armenia aims to transfer products to the EU and third countries amid temporary import measures for black metals. Learn about the importance of local resources and the need for ready-made products from black metal production. Find out how import restrictions have boosted domestic production and consider the proposed new time frame for these measures. Get further insights in today’s NEWS.am article.
“US Dollar Exchange Rate Drops Slightly to 388.47 Drams, Euro and Pound Also Decrease”
The US dollar exchange rate is 388.47 drams today, down 0.12 drams from the previous day. Euro: 420.79 drams (-1.22 drams), British pound: 490.64 drams (-1.31 drams), Russian ruble: 4.21 drams (-0.01 drams). Details from Armenian, European, and Russian banks.
EU’s High Representative for Foreign Affairs Issues Warning on Russian Propaganda and Urges Accountability
The EU’s High Representative for Foreign Affairs and Security Policy, Josep Borrell, discusses the threat of Russian propaganda and the importance of political security. He highlights the ineffectiveness of measures taken against Russia’s military actions and the negative impact on the Russian economy. Borrell believes these measures will ultimately weaken Russia and hinder its technological advancements.
Prime Minister Pashinyan Raises Concerns Over Rising Water Prices: A Fundamental Problem Looms Ahead
Understanding the impact of rising water prices on consumption is crucial. Prime Minister Pashinyan emphasized the importance of conducting experiments and finding solutions to tackle this issue. Stay informed with NEWS.am.