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

October 4, 2023 12:10

Zakharova: Most important decisions for Armenia are made without relying on public opinion

The most important decisions for Armenia are made without relying on public opinion. Maria Zakharova.

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October 4, 2023 09:17

Catherine Colonna: France's humanitarian aid to Armenia has reached €12.5 million

In the face of this human tragedy, France immediately expanded its humanitarian aid to Armenia. This was stated by Catherine Colonna, the Minister for Europe and Foreign Affairs of France, at her joint press conference with Armenian Foreign Minister Ararat Mirzoyan Tuesday evening in Yerevan.

October 2, 2023 13:41

Children of Ruben Vardanyan appeal to world leaders for assistance in securing their father's release

The children of former Artsakh State Minister Ruben Vardanyan, who was unlawfully detained by Azerbaijani authorities while attempting to leave Artsakh (Nagodno-Karabakh), are making an urgent appeal to world leaders for assistance in securing the release of their father.

September 30, 2023 10:41

Artak Beglaryan: Almost no Armenians left in Artsakh

There are almost no Armenians left in Artsakh. Artak Beglaryan, Artsakh Former State Minister wrote about this in his Telegram channel.

September 29, 2023 13:29

Russia MFA has not received any petitions from Russians in Karabakh after Nagorno-Karabakh Republic dissolution

The Ministry of Foreign Affairs (MFA) of Russia has not yet received petitions from Russian citizens in Karabakh regarding the dissolution of the Nagorno-Karabakh Republic; but when they arise, help will be provided. Maria Zakharova, the official representative of the Russian MFA, told this to Vedomosti newspaper, news.am informs.

September 29, 2023 10:39

U.S. ‘quite serious' about international mission to Nagorno-Karabakh – State Department spokesperson

The United States has once again emphasized the importance of sending an international mission to Nagorno-Karabakh, noting that it is ‘quite serious' about it.

September 29, 2023 09:43

Canada to allocate $2.5M in aid to people of Karabakh

Canada will provide $2.5 million to meet the urgent humanitarian needs caused by the crisis in Nagorno-Karabakh, Global Affairs Canada informed in a news release Thursday.

Economy

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.

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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.

July 18, 2023 20:28

Impossible to import some agricultural products. Minister of Agriculture

Until June 15, there had been an opportunity to import certain agricultural products and seeds through the mediation of Russian peacekeepers, but then this process has become impossible until today.

July 18, 2023 20:41

Due to the lack of fuel, it is a problem to deliver local agricultural products to the residents. Georgi Hayriyan

The Ministry of Agriculture of the Artsakh Republic, is trying by all means to stand by the villagers in the production of daily bread and agricultural products, but this work is becoming more and more difficult.

Society

October 3, 2023 12:12

100,617 forcibly displaced persons have crossed into Armenia from Artsakh

The number of forcibly displaced persons who’ve crossed into Armenia from Artsakh reached 100,617 as of 12:00, October 3.

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October 2, 2023 09:38

Congressman Brad Sherman: US must provide arms to Armenia

The US must arm Armenia with proper defensive weapons to prevent an invasion, noted Brad Sherman, a member of the US House of Representatives.

September 30, 2023 16:45

UK to provide £1 million to support forcibly displaced persons from NK

The UK has announced £1 million funding to the International Committee of the Red Cross (ICRC) as it provides life-saving medication, healthcare and other essential support to vulnerable people in Nagorno-Karabakh and the wider region, the UK government announced.

September 30, 2023 16:23

100,417 forcibly displaced persons from Artsakh cross into Armenia

The number of forcibly displaced persons from Nagorno-Karabakh who’ve crossed into Armenia reached 100,417 as of Saturday morning.

September 30, 2023 15:15

Artsakh former foreign minister David Babayan detained, criminal case filed

Azerbaijani media has reported the detention of former Artsakh Foreign Minister David Babayan. According to these reports, a criminal case has been filed against him, News.am informed.

September 30, 2023 10:27

France donates 5 tons of medical supplies to Armenia for forcibly displaced persons from NK

The French government has sent 5 tons of humanitarian aid to Armenia for the forcibly displaced persons who’ve arrived from Nagorno-Karabakh.

September 29, 2023 13:01

Mayor of Artsakh's Martuni buried at Yerevan military pantheon

Those killed in last week’s Azerbaijani military aggression against Artsakh (Nagorno-Karabakh) are being laid to rest at Yerevan’s Yerablur Military Pantheon.

Military

September 19, 2023 11:41

Azerbaijan violates ceasefire, uses mortar in Askeran region

On 19 September, at around 11:10am, the Azerbaijani armed forces violated the ceasefire in Askeran region of Artsakh Republic by using a mortar.

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September 19, 2023 10:43

Artsakh army dismisses Azerbaijan claim on jamming Baku-Tbilisi flight GPS

Azerbaijan on Tuesday issued a false statement claiming that between 8:28pm and 8:34pm Monday, the respective units of the Artsakh Defense Army jammed the GPS of a civil aircraft flying on the Baku-Tbilisi route.

September 19, 2023 09:10

MoD: Artsakh army did not carry out sabotage infiltration

Azerbaijani authorities have released more disinformation falsely accusing Artsakh Defense Army of carrying out sabotage incursion, Artsakh Republic Defense Ministry warned.

September 18, 2023 09:12

MoD: Artsakh Defense Army units did not carry out fortification work in Askeran region

The statement disseminated by the Ministry of Defense of Azerbaijan that allegedly at around 11:15pm Sunday, the Artsakh Defense Army units tried to carry out fortification work in the Askeran region of Artsakh Republic, which supposedly was disrupted as a result of the actions taken by the Azerbaijani units, is another disinformation.

September 16, 2023 09:05

Azerbaijan fires at Armenian military positions in Jili, Gegharkunik province

On September 16, starting from 00:20 to 00:40, units of the Armed Forces of Azerbaijan opened fire from small arms against the Armenian combat outposts in the area of Jili of Armenia’s Gegharkunik Province.

September 15, 2023 11:41

MoD: Artsakh defense army did not carry out fortification work in Askeran region

The statement disseminated by the Ministry of Defense of Azerbaijan that allegedly at around 9:30am Friday, the Artsakh Defense Army units carried out fortification work in the Askeran region of Artsakh, and which was purportedly stopped as a result of the actions taken by the Azerbaijani units, is another disinformation.

September 15, 2023 09:06

Azerbaijan fires at Armenia military positions in Verin Shorzha

At around 10:30pm Thursday, the units of the Azerbaijani armed forces opened fire, from small arms, in the direction of the Armenian military positions located in the Verin Shorzha village sector of Armenia’s Gegharkunik Province.