Armenia’s inflation remains above desired level

How the war with Iran is rewriting the Middle East’s energy future

The war with Iran has transformed the Middle East’s energy landscape, raising questions about oil markets, gas supplies, and regional alliances. Laury Haytayan, Middle East and North Africa Director at the Natural Resource Governance Institute, joined CivilNet to discuss the changing landscape of energy geopolitics and Armenia’s place within it. 0:00- How energy markets adapted to the war on Iran 3:14- Iran’s potential as a global energy supplier5:21- Armenia-Iran gas-for-electricity swap deal7:49- Fragmentation of the global oil market 12:55- Europe’s post-Russian gas landscape 17:05- Can Azerbaijan continue to meet its gas commitments? 21:23- Azerbaijan’s energy diplomacy between Turkey and Israel 24:32- Is the energy transition accelerating away from fossil fuels?

Armenia’s inflation remains above desired level

📍Hikmet Hajiyev, the foreign policy advisor to Azerbaijani President Ilham Aliyev, has confirmed that Azerbaijani pressure had been a driving force behind the Israeli parliament sidelining a motion to recognize the Armenian genocide last month.📍Annual inflation in Armenia stood at 5.1% in June, well above the Central Bank's 3% target. However, the regulator has decided not to adjust its policy rate for the time being.#CivilNet #ՍիվիլՆեթ #dailyarmenia

Russia expands restrictions on Armenian mineral water

📍Russia is seeking to take steps toward Armenia’s potential expulsion from the Collective Security Treaty Organization, a military alliance it leads. Moscow’s representative in the bloc has announced that Yerevan may be stripped of its voting rights as soon as this November.📍Moscow has moved to ban additional brands of Armenian mineral water, including Bjni, following extensive sanctions against Armenian agrofood, flowers, fish, and drinks.#CivilNet #ՍիվիլՆեթ #dailyarmenia

Russia bans Armenian dairy products as trade restrictions widen: THIS WEEK IN BUSINESS

📍Armenia has agreed to expand its existing gas-for-electricity swap deal with Iran, a senior official has confirmed. Additional details weren’t immediately available.📍Russia broadened its existing trade restrictions with Armenia, adding dairy products to the list of banned goods. It now covers most agricultural goods.📍Armenia’s 1,000 biggest companies paid more than $3 billion in taxes in the first half of the year, marking a year-on-year increase of almost 13%, according to official figures.#CivilNet #ՍիվիլՆեթ #civilnetbusiness

Court to hear criminal case against Catholicos Karekin II

📍A criminal case against Catholicos Karekin II and five senior Armenian Apostolic Church clerics has been sent to court. 📍The World Bank says Armenia’s economic boom is slowing, warning that long-term growth will depend on higher productivity, skilled workers, and innovation. #CivilNet #ՍիվիլՆեթ #DailyArmenia