“Government Budget Set to Soar: Whopping 755 Billion AMD Allocated to Address Labor and Social Issues by 2024”
The government budget needs 755 billion AMD ($290 million) by 2024 to address labor and social issues. This marks an increase of 101 billion AMD ($390 million) compared to 2023. Minister of Finance Vahagn Khachatrian discussed the draft budget at the National Assembly, emphasizing the efficacy of financial investments in capital expenditure. The program aims to implement 19 programs with 83 activities. From Armenia – NEWS.am.
“Minister of Labor unveils revolutionary pension calculation method to take effect in 2024”
Minister announced new pension calculation method to begin on Jan 1, 2024. Value not to exceed pension at age 10 + yearly consumer price index increase. Minimum pension age determined by main pension + consumer price index increase. Years of service leading to increased pension age will also rise. System to create value for active contributors.
“US Dollar Exchange Rate Increases to 402.34 Drams, while Euro and British Pound Follow Suit, Armenian Banks Display Varied Rates”
The US dollar exchange rate today increased to 402.34 drams, compared to the previous day. The Euro and British pound rates also rose. Check exchange rates in banks and exchange offices in Armenia.
Armenia to Receive 17.9 Million Euros in Financial Aid from the European Union for Judicial Reforms and Education in 2024
Armenia expects to receive €17.9M in financial aid from the EU in 2024. The funds will support judicial reforms and education, with a total program value of €32M. Minister of Finance, Vahé Hovhannisyan, announced this during the government’s budget plan discussion on November 3, 2024. Source: News.am.
“Turkish Lira Continues to Decline: Official Exchange Rate Surpasses 30 Lira Against the Euro for the First Time”
Turkey’s official exchange rate against the euro crosses 30 lira mark for the first time, announced the country’s Central Bank. Turkish banks offer different rates, with Ziraat Bank selling euros for 30.7 lira and buying at 29.6 lira. The official exchange rate for the dollar is 28.39 lira for sale and 28.2 lira for purchase. In July, the euro/lira reached 30 lira, and despite some fluctuations, it has remained above that level. In November 2022, the euro was valued at 18.1 lira, while in January, it climbed to 20 lira, with the dollar at 18.7 lira. (160 characters)
“National Assembly Holds Joint Hearings on State Budget and European Integration: Ministers Share Insights”
Joint hearings on draft 2024 State Budget held by National Assembly Standing Committees on Foreign Affairs, Finance, and Budgetary Issues. Discussions on European integration and financial matters ongoing. Finance Minister, Deputy Prime Minister, and Economy Minister to speak.
“US Dollar Exchange Rate in Armenia Drops Slightly, Euro and Pound See Increase”
The US dollar exchange rate in Armenia today is 402.37 drams, while the Euro and British pound rates are 427.88 drams and 490.61 drams respectively. Russian ruble stands at 4.32 drams. Find more details on News.am.
“Team Telecom Armenia Completes Successful Staff Reorganization with Over 1000 Investors Joining the Team”
The successful completion of Team Telecom Armenia’s staff reorganization and distribution of shares to investors marks a milestone in the telecom sector’s expansion. With Ameriabank’s involvement, the formation of a diverse investor base strengthens the potential of a thriving secondary market. The company’s focus on expanding optical NGN network, constructing a 5G mobile network, and introducing innovative digital solutions showcases its commitment to technological advancement in Armenia.
“Armenian Government Surpasses Tax Revenue Goals: Collects Over 1 Trillion Drams in Record-Breaking Year”
Armenia sees significant increase in tax revenues with 15% more collected in 2023 compared to previous year. Approximately 305.0 billion drams collected from taxpayers, up 43.6% from last year.
“Armenia’s Residential Infrastructure Showcased in ‘1000 Best’ Influential Personalities List”
Discover the top influencers in Armenia’s residential infrastructure with a special supplement from the “Past” newspaper. Learn about the leading Zangezur copper-molybdenum complex and significant increases in tax payments by various businesses, as well as decreases in tax payments by certain companies. Get all the details in today’s edition of News from Armenia – NEWS.am.