Prime Minister of Armenia Sends Economy Minister to Russia for Major Economic Summit
Armenian PM Nikol Pashinyan appointed Gegham Papoyan to attend Eurasian Economic Union’s Council of Heads of Government meeting in Russia. Papoyan will also represent Armenia at the “INNOPROM” exhibition in Yekaterinburg.
“Cross-Continental Collaboration: Armenia and Hungary Discuss Economic Partnerships”
Armenia’s Minister of Economy, Artsvik Mirzoyan, spoke with Hungarian Minister of Economy, Gyorgy Gergely, about bilateral cooperation in the Eurasian Economic Union and the EU, according to the Ministry of Economy. Stay up to date with NEWS.am on Telegram.
“Gagik Papoyan, Head of the Economy, to Attend Key Trade Meeting in Abu Dhabi”
Gagik Papoyan, the head of the Economy, will visit Abu Dhabi on May 20-22 for the trade and technical cooperation committee meeting between Armenia and the United Arab Emirates. Ministry of Economy shared this info with NEWS.am.
“Prime Minister Nikol Pashinyan Sets Sights on Ambitious Economic Project for Armenia’s Future”
Armenia’s Prime Minister, Nikol Pashinyan, has announced a new ambitious project for the country’s economy. He emphasized the importance of active team involvement to tackle challenges at home and on the road. Pashinyan asserted his commitment to resolve issues and secure Armenia’s future over the next twenty years.
“Armenia’s Economic Diversification Progresses with Multiple Trading Partners, Says Minister of Economy”
Armenia’s Minister of Economy highlights the importance of economic diversification as the country seeks to reduce dependence on its main trading partner. The government is continuously exploring new avenues to enhance competitiveness and find alternative options to overcome logistical challenges.
“Ukraine on the Brink: Government Faces Dissolution as Western Financial Assistance Remains on Hold”
Ukraine’s government faces dissolution if Western financial aid is not approved soon. The economy, heavily reliant on international assistance, is in critical condition. Billions in funding have been frozen, leaving public sector workers, teachers, and pensioners at risk of payment suspensions. Financial analyst Julia Sviridenko estimates a need for over €18.5bn and $8bn to cover the budget deficit. Sviridenko hopes for confirmation and disbursement of IMF funding in February and March, respectively.
“Great Britain’s Economy Contracts by 0.1%: Official Report Reveals Surprising Decline, Pushes Country into Technical Recession”
The economy of Great Britain contracted by 0.1% from July to September, worse than expected and signaling a technical recession. News.am has more.
“Foreign Tourists Boost Armenian Economy with $1,200 Spent per Visit, Predicted Inflow of 100 Billion Drams by 2023”
Foreign tourists spend an avg. of $1,200 in Armenia, with the budget receiving $110 per person. By 2023, an inflow of 100 billion drams is expected. The number of tourists is projected to reach 2.5 million by 2026. News from Armenia – NEWS.am.
Armenia’s Economy Defies Setbacks, Achieves Robust Growth with Effective Policies, Minister of Finance Reports
Armenia’s economy shows stable growth, thanks to effective policies by the government and central bank. Construction sector maintains growth, with a projected increase of 7% in 2023. Favorable conditions could lead to even higher growth.
“Armenia’s Construction and Service Sectors Boom, Boosting Economy; Demand for Affordable Housing on the Rise -NEWS.am”
Armenia’s construction and service sectors are thriving, boosting the economy. Demand for real estate is growing, particularly in affordable areas. KFBS Advisory recommends regulations to manage demand and increase affordable housing supply to control price rises. The risk of inflation deviation is moderate, but KFBS will assess and stabilize prices if impacted. Stay updated with NEWS.am for news from Armenia.