“Armenia Makes Progress in Tackling Water Scarcity Crisis with Reduction in Pollution”
Water scarcity crisis in Armenia has decreased from 79% in 2018 to 63% in 2021. The government is addressing issues in the water sector, including infrastructure conditions and pollution. Efforts have led to a reduction in water pollution by around 10%. Minister Papikyan emphasizes the need to accelerate these processes for better results. Irrigation water pollution has also decreased by over 1%. Stay updated with the latest news from Armenia on NEWS.am.
“Armenia’s Affordable Housing Program Reaches 70% Completion: Boilers and Infrastructure Projects Planned for Yerevan”
Learn about the progress of Armenia’s affordable housing program, with the installation of boilers planned to be completed by April-May. Gas and solar panels will be used, waste disposal facilities increased. Construction of the gas and irrigation systems will start soon. The mayor expects boiler installation in two years and city apartments in five years, considering the complexities and cost challenges. Quality criteria will take 2-3 years to achieve, dependent on the affordable housing units in Yerevan.
Armenia Enjoys Successful Financial Year as Minister Predicts 8% Economic Growth for 2023
Armenia expects 8% economic growth in 2023, according to Finance Minister Vache Hovhannisyan. Certain tax changes are planned for the next year, and a declaration of income will be required starting in 2024. The Minister also discussed the successful financial year and projected indicators for 2024.
“Armenia’s Public Debt to Reach 48.4% in 2024: Central Bank Chairman Calls for Sustainable Management”
The public debt of Armenia will reach 48.4% in 2024, below the recommended 50%. The Chairman of the Central Bank, Martin Galstyan, highlighted government’s efforts for fiscal consolidation to mitigate macroeconomic risks.
Armenia’s Residential Mortgage Interest Rates to Remain Steady at 7% in 2024, Government Budget Shows
The residential mortgage interest rate in Armenia will remain at 7% in 2024. The government’s budget projects an increase in government debt to 48.4% of GDP. Defense spending will decrease, but support for refugees will create a 4.6% deficit. Tax revenues are projected to cover 0.75% of the government’s target. Armenia’s latest news.