June 7, 2023, 13:22 Economy

World Bank forecasts 4.4% economic growth for Armenia in 2023

Global growth has slowed sharply and the risk of financial stress in emerging market and developing economies (EMDEs) is intensifying amid elevated global interest rates, according to the World Bank’s latest Global Economic Prospects report.

June 7, 2023, 13:22

World Bank forecasts 4.4% economic growth for Armenia in 2023

STEPANAKERT, JUNE 7 , ARTSAKHPRESS: Global growth is projected to decelerate from 3.1% in 2022 to 2.1% in 2023. In EMDEs other than China, growth is set to slow to 2.9% this year from 4.1% last year. These forecasts reflect broad-based downgrades, the bank said in a press release.

In Europe and Central Asia, growth is expected to edge up slightly to 1.4% in 2023 before increasing to 2.7% in 2024.

Economic growth in Armenia is projected to be 4.4% in 2023, 4.8% in 2024 and 5.0% in 2025.

Politics

February 26, 2024 14:27

Kremlin: Russia will continue clarifying with Armenia PM Pashinyan's words about ‘freezing’ work in CSTO

Armenia's position on the country's withdrawal from the Collective Security Treaty Organization (CSTO) has not yet been clarified, Russian presidential press secretary Dmitry Peskov said, news.am informs, citing RIA Novosti.

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February 21, 2024 10:39

EU mission in Armenia marks its first anniversary

The European Union Mission in Armenia (EUMA) marked its first anniversary on Tuesday 20 February.

February 19, 2024 09:22

What agreements reached with Azerbaijan’s Aliyev? Armenia’s Pashinyan presents details from their Munich meeting

At his meeting with representatives of the Armenian communities of Munich and neighboring regions in Germany on Sunday, Armenian Prime Minister Nikol Pashinyan presented details of his talk with the president of Azerbaijan, Ilham Aliyev, in Munich, in which the Chancellor of Germany also participated,news.am informs.

February 16, 2024 13:29

Armenian Prime Minister to participate in Munich Security Conference

Prime Minister Nikol Pashinyan will participate in the 2024 Munich Security Conference, his office said Friday.

February 9, 2024 17:01

Ruling force MP: Armenia reaffirms commitment to resume talks with Azerbaijan through EU mediation

Armenia reaffirms its commitment to resume negotiations with Azerbaijan through the mediation of the European Union (EU). Artur Hovhannisyan, secretary of the ruling majority Civil Contract Faction, stated this during Friday’s press briefings at the National Assembly of Armenia.

February 6, 2024 14:25

U.S. Embassy offers condolences over deadly explosion in Yerevan

U.S. Ambassador to Armenia Kristina Kvien has expressed condolence over the deadly explosion in Yerevan.

January 31, 2024 11:15

Armenia and Azerbaijan border demarcation commissions to hold meeting today

The sixth meeting of the Commission on Delimitation and Border Security of the State Border between the Republic of Armenia and the Republic of Azerbaijan and the State Commission on the Delimitation of the State Border between the Republic of Azerbaijan and the Republic of Armenia will be held on January 31 on the border between the Republic of Armenia and the Republic of Azerbaijan.

Economy

December 29, 2023 09:40

Deposit portfolio in Armenian banking system has reached record high – PM says at Central Bank

Prime Minister Nikol Pashinyan has visited the Central Bank to participate in a New Year and Christmas reception.

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September 11, 2023 09:37

Russia discussing with Tehran, Baku possibility of supplying electricity via Azerbaijan to Armenia, then to Iran

Russian Energy Minister Nikolai Shulginov announced that the Kremlin is negotiating with Tehran and Baku on the possibility of exporting 300 MW of electricity through Azerbaijan to Armenia and then to Iran, using the existing infrastructure, News.am informs, citing Prime news agency.

August 23, 2023 17:46

Russian Prime Minister due in Armenia for Eurasian Intergovernmental Council session

Russian Prime Minister Mikhail Mishustin will visit Armenia on August 24-25 to participate in the Eurasian Intergovernmental Council session, the Russian government announced Wednesday.

August 7, 2023 11:18

Cash problem arisen in Artsakh

Since Artsakh has been under blockade by Azerbaijan ever since December 12, 2022, and humanitarian cargo transportation to Artsakh has been completely stopped ever since June 15 of this year, a cash problem has arisen in Artsakh, Artsakh Republic Ministry of Finance and Economy informed.

July 20, 2023 22:56

Acquisition of hygiene items become a serious problem in Artsakh

Due to the complete blockade, the acquisition of hygiene items has also become a serious problem in Artsakh.

July 18, 2023 22:41

Artsakh Agriculture Minister: Scheduled power outages, lack of diesel fuel also cause problems in irrigation system

In the post-war period, the state made a lot of investments in Artsakh’s irrigation systems, which enabled to triple the irrigated areas, the goal of which was to solve the food security issue, Artsakh Republic Minister of Agriculture Georgi Hayriyan told Artsakhpress.

Society

February 13, 2024 17:20

EU increases humanitarian aid to displaced Karabakh Armenians with €5.5 million

Today, the European Commission is allocating an additional €5.5 million in humanitarian aid to support the Armenians displaced from the Nagorno-Karabakh region, the EU Delegation to Armenia said in a press release.

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February 12, 2024 12:04

Cases of vandalism reported in Azeri-occupied Stepanakert

The Azerbaijani state policy of appropriation and destruction of Armenian historical and cultural heritage continues to grow exponentially in occupied Artsakh, Cultural Ombudsman of Hayk Hovik Avanesov warns.

February 9, 2024 16:18

Red Cross: 660 contacts made last year between Armenians detained in Azerbaijan and their relatives

In 2023, 660 oral, video, written messages, and phone calls were exchanged between the Armenians detained in Azerbaijan in relation to the conflict escalations and their relatives. This is noted in a statement on X, former Twitter, by the International Committee of the Red Cross (ICRC) Armenia office.

February 8, 2024 18:07

Armenia PM: We have set task to build new nuclear plant

At Thursday's Cabinet meeting, the Armenian government made a change in one of its decisions whereby, according to Khachatur Khachikyan, the First Deputy Chairman of the Committee on Nuclear Safety Regulation of Armenia, it is planned to make the specialists of the nuclear safety department, the radiation safety department, and the technical division of the Committee from the civil service to specialists performing civil work, news.am informs.

February 8, 2024 09:08

Armenian Church honors St. Vartan and his companions

The Armenian Apostolic Church marks the Feast of St. Vartan the Warrior and Companions on Thursday 8 February, Qahana.am reports.

February 5, 2024 13:35

29 babies born into displaced Artsakh families in Yerevan last week

A total of 1902 babies, including 962 boys and 840 girls, were born in Yerevan last week, Davit Karapetyan, the acting head of the Yerevan Municipality Health Department, revealed on Monday, Panorama.am reports.

Military

January 23, 2024 09:09

Armenia defense minister heads to Kazakhstan on official visit

A delegation led by the Minister of Defense of Armenia, Suren Papikyan, on Tuesday left for Kazakhstan on an official visit at the invitation of the Kazakh defense minister.

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January 19, 2024 13:24

Armenian Defense Minister, U.S. Ambassador discuss cooperation and regional security

Armenian Minister of Defense Suren Papikyan has met with U.S. Ambassador to Armenia Kristina Kvien to discuss defense cooperation, the Ministry of Defense said in a statement.

January 9, 2024 11:31

Serviceman found dead at combat outpost

An Armenian contract serviceman was found dead of a gunshot wound at a combat outpost early on Tuesday morning.

January 5, 2024 11:14

55 Armenians still held captive but Azerbaijan acknowledges only 23 – says law enforcement official

55 Armenians are currently held captive in Azerbaijan but Baku has so far acknowledged only 23 of them, a senior law enforcement official has said.

January 5, 2024 10:40

2023 Azerbaijani attack in Karabakh killed 223 people, including 5 children – says law enforcement official

223 people, including 5 children, were killed in Nagorno-Karabakh in the 19-20 September 2023 Azerbaijani attack, Argishti Kyaramyan, Chairman of the Investigative Committee of Armenia, announced this in an interview with the Public Television of Armenia.

December 13, 2023 16:25

Azerbaijan releases 32 Armenian POWs

31 servicemen of the Republic of Armenia who were taken captive in 2020-2023, and 1 serviceman who was taken captive in Nagorno-Karabakh in September, have been released from Azerbaijani captivity and are now back in Armenia, Prime Minister Nikol Pashinyan announced Wednesday afternoon.

December 13, 2023 13:19

Swap of Armenian, Azeri prisoners expected today on Armenia-Azerbaijan border

Armenia and Azerbaijan are expected to exchange prisoners on Wednesday 13 December, the news agency Turan reported, citing its sources.