Economy

During the December 24 session of the Yerevan City Council, Mayor Tigran Avinyan addressed the topic of construction permits.

On December 23, Minister of Territorial Administration and Infrastructure David Khudatyan visited the Armenian Nuclear Power Plant (ANPP). This was reported by the ministry.

Armenia’s Minister of Territorial Administration and Infrastructure, Davit Khudatyan, and US Ambassador Christine Quinn have discussed the possibility of launching direct flights to the United States. Work is ongoing in this direction.

The trade turnover between Armenia and Russia reached $10.2 billion in 10 months, doubling last year’s figures. This was announced by Russia’s Deputy Prime Minister Alexey Overchuk during the 23rd session of the Intergovernmental Commission on Economic Cooperation between the two countries.

A delegation led by Armenia’s Deputy Prime Minister Mher Grigoryan has been dispatched to Moscow. There, the 23rd session of the Intergovernmental Commission on Economic Cooperation between Armenia and Russia will take place.

Armenian Foreign Minister Ararat Mirzoyan spoke about the potential operation of the Gyumri-Kars railway at the 49th meeting of the Council of Foreign Ministers of the Black Sea Economic Cooperation Organization.

On December 19, during a Government session, Prime Minister Nikol Pashinyan stated that last week, the Zangezur Copper and Molybdenum Combine (ZCMC) transferred 33.2 billion AMD in dividends to the state budget. This amount was generated from the state’s shares.

Armenia’s Deputy Prime Minister, Mher Grigoryan, stated during a conference organized by pro-Western extra-parliamentary forces that before withdrawing from the Eurasian Economic Union and severing economic and trade ties with Russia, it is necessary to thoroughly assess the consequences of such actions.

The International Monetary Fund’s (IMF) latest report indicates that Armenia’s economic growth will gradually decline in the medium term, reaching an annual rate of 4.5%.