ArmInfo.

ArmInfo.Moscow reacts to gas overtures between Yerevan and Baku, says Doctor of Political Sciences  Vahe Davtyan. 

ArmInfo. According to estimates by the United States Agency for International Development (USAID), to increase energy independence, Armenia needs a new nuclear power plant with a capacity of 600 MW. Abgar Budaghyan, head of USAID Armenia's energy security project, expressed such an opinion on April 26 during public discussions on "Prospects of diversification of the energy sector in Armenia".

ArmInfo.According to data for 2022, Armenia imports 73% of its energy resources, that is, the level  of energy independence is about 27%. Abgar Budaghyan, head of USAID Armenia's energy security project stated  on April 26 during public discussions on the topic "Prospects for diversification of the energy  sector in Armenia."

ArmInfo. Within days, Converse Bank's dram coupon bonds were bought in the primary market in the  amount of 5 billion drams. It is noteworthy that this tranche was put up for sale together with the dollar bonds on April 17, and within a week the dram bonds were fully distributed. This is noted in a message from Converse Bank.

ArmInfo. In Q1 2023, the banking system of Armenia increased tax contributions to the state  treasury by 8.3% per annum - up to 22.2 billion drams ($56.5 million). Of this amount, 85.2% or 18.9 billion drams were paid in direct taxes, with a y-o-y increase of 7.4%.  

ArmInfo. The Executive proposes amendments to the Laws on Lotteries and on Winning Games, Internet Winning Games and Casinos. The main regulations were presented by the Deputy Chairman of the RA State Revenue Committee  Artur Manukyan at the sitting of the Standing Committee on Economic  Affairs on April 26.

ArmInfo.

ArmInfo.The Armenian government has decided to return to the initial route of laying the Armenia-Georgia power line with the construction of an electrical substation near the village of Ddmashen. Previously, the issue of making changes to the project and, instead of the Ddmashen substation, to build a similar station at the Hrazdan Thermal Power Plant with the connection of the American General Electric and Chinese companies was discussed.

ArmInfo.

ArmInfo. Yerevan is ready to discuss the purchase of Azerbaijani gas with Baku. Speaker of the  National Assembly of Armenia Alen Simonyan stated  on April 25 in a conversation with journalists.

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ArmInfo.

ArmInfo. The number of jobs subject to taxation increased by 5% over the year, the State Revenue  Committee reports, citing data provided by taxpayers based on calculations of income tax and social payments for March of this year.

ArmInfo.

ArmInfo.The net profit of Armenian banks increased in by 18.8% per annum Q1 2024  (after a 2.2-fold increase a year earlier), exceeding 83.1 billion drams ($211.4 million). It was possible to maintain the positive dynamics of net profit thanks to the acceleration of the y-o-y growth of the loan portfolio from 3.5% to 18.7%, ensuring a volume of 5.1 trillion drams ($13 billion), according to the data of the Express Ranking of Banks of Armenia on March 31, 2024, prepared by ArmInfo IC.  In Q1 2024 alone, the net profit of banks increased 5.6-fold, while a year earlier in the same period a meager quarterly growth of 1.5% was recorded, and in Q4 2023, the dynamics completely slipped to negative 35%.

ArmInfo.On April 22, Earth Day is celebrated all over the world. This year all events are centered on the theme “Planet vs. Plastics”. Following the advice of the day, Team Telecom Armenia summarized the work undertaken within the company in the direction of environmental protection over the previous year. Introduction of energy-efficient solutions

ArmInfo.Starting from April 1, 2024, IDBank clients who make their booking on the GetTransfer online platform and mobile application and pay with IDBank cards will receive an exclusive cashback.

ArmInfo. Minister of Economy of Armenia Gevorg Papoyan received Ambassador of the United Arab  Emirates to the Republic of Armenia, Dr. Nariman Mohammed Sharif Abdulla AlMulla.