The launch of activities of “Investors’ club of Armenia” nonpublic contractual investment fund was officially heralded on March 25 with the participation of the Prime Minister of Armenia Karen Karapetyan and over 3 dozens of Diaspora Armenian businessmen from the Russian Federation.
The Central Bank of Armenia informs that on March 23 1 the USD exchange rate was 483.51 AMD which is an increase of 0.04 drams (AMD) compared to the previous day.
From the beginning of the week abundance of Iranian tourists was observed in the capital. Novruz Bayram—New Year of Iranians has brought them to Armenia, which starts from the fourth week of March and lasts for 13 days. In the period of those two weeks Armenia welcomes 20-25 thousand Iranians.
Based on result of the first two months of ongoing year economic activity index (EAI) comprised 6.2% (compared with January-February of the previous year). On monthly basis February 2017 compared with February 2017 economic activity grew by 6%.
The National Statistical Service of Armenia has introduced the current-operative preliminary main macro-economic indicators characterizing the socio-economic situation of Armenia. Decline was registered in the construction field and consumer price index. Construction volume decreased by 13,8% compared to the same period of the previous year.
In January 2017 operations in the territory of Armenia through payment cards issued by Armenia’s trade banks and foreign banks comprised 2 million 97.9 thousand operations, total of which amounted AMD 83.4 billion. Information was provided in Annual Bulletin of the Central Bank of Armenia (CBA) for January 2017.
Several entrepreneurs stated that smooth holding of the upcoming election and peaceful transfer to parliamentary system will greatly contribute to the further involvement of the Russian capital in Armenia’s economy by this leaving a positive impact on Armenia’s international rating
The requirement of mandatory audit for big companies is coming back, i.e. big companies will have to publish their reports after they are inspected by an independent auditor. This is a rather crucial event in the economic life, which remained in the shadow of pre-election turmoil.
“Currently we’re discussing the issue of creating a centralized machinery park and providing service to small economies, which don’t have the opportunity to purchase agricultural equipment,” the Minister said.
“Armenia plans to construct high voltage power line next year which will allow the RF to export electricity to the Iranian market by power exchange transactions,” Miller said. He also stated that the modernization of the 5th energy block of Hrazdan Thermal Power Plant.
