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Talk of the day
 Monday, December 11 2017 18:05:56

Armenia changes budget rules and makes amendments in the regulation of public debt

Armenia changes budget rules and makes amendments in the regulation of public debt

ArmInfo. Armenia is beginning to change fiscal rules, as well as changing the legal framework that regulates public debt. The draft resolutions providing for amendments to the RA Law on the Budget System of the Republic of Armenia and on the State Debt presented by the Minister of Finance will be discussed by the country's parliament on December 12 at an extraordinary meeting.



ArmInfo. The UN improved  the forecast for GDP growth in Armenia for 2017 from the previously  forecasted 2.7% to 5.8%. This is stated in the report of the  Department of Economic and Social Affairs of the United Nations "The  Economic Situation in the World and Its Prospects, 2018".

ArmInfo. The mobile  application My Beeline has been downloaded over 100 thousand times,  and the number of active users has been growing steadily. The press  service of the company told ArmInfo.



ArmInfo.  For the first time, securitization of mortgage loans is carried out on the Armenian capital market and this process was marked by ARARATBANK and Universal Credit Company First Mortgage Company. In particular, the "FMC" issued 2 tranches at once - dollar and AMD bonds in the amount of 100 million drams and $ 500 thousand secured by mortgage loans, underwriter and market maker of which is ARARATBANK.

ArmInfo. At the initiative of  Ameriabank and Golden State Bank in California, the Chairman of the  Board of Ameriabank, Andrey Mkrtchyan, and the head of the Golden  State Council Robert Sedrakyan met with local businessmen. As the  press service of Ameriabank told ArmInfo, the Mayor of Glendale (USA,  California) Vardan Karapetyan participated in the meetings.



ArmInfo. The volume of accrued  insurance premiums for compulsory motor third party liability  insurance amounted to 13.9 billion AMD in the first 9 months of 2017,  an increase of 4.6% over the year, versus growth of 1.7% a year ago.  At the same time, the volume of insurance claims paid was 8.2 bln  AMD, with a sharp output of the annual dynamics from a 1.6% decline  to a 34.4% increase. This is evidenced by monthly reports published  by the Bureau of Motor Insurers of Armenia on OSAGO.

ArmInfo. The share of retail  insurance in the portfolios of premiums of Armenian insurers for the  9 months of 2017 amounted to 57.1% (14.02 billion drams), corporate -  42.9% (10.5 billion drams). At the same time, the capacity of the  retail insurance market improved the annual trend from minus 0.2% to  plus 3.5%, along with the rate of growth of corporate insurance  accelerated from 0.9% to 4.2%. Before the introduction of OSAGO in  Armenia, as well as compulsory individual health insurance of state  employees, the share of corporate insurance significantly prevailed  over retail.


ArmInfo. On December 10, JSC "Rusatom Service" completed the delivery of the first of two turbogenerators for the Armenian NPP. Transportation of equipment from the manufacturer in St. Petersburg took place in two stages - by sea to the port of Poti (Georgia) and from there - by land transport to the site of the Armenian NPP.

ArmInfo. The Minister of Energy  and Natural Resources of Armenia, Ashot Manukyan, accepted a World  Bank mission led by Abdulaziz Faghi on December 7.According to the press service of power economy Ministry, the parties  discussed the programs supported by the Bank and the opportunities  for further cooperation. Ashot Manukyan highly appreciated the role  of the Bank in assisting the energy sector of Armenia and enhancing  the reliability of the power transmission network.



ArmInfo. Prime Minister of Armenia Karen Karapetyan participated in the official opening of the ImpactAim accelerator. Press service of the Armenian government told ArmInfo.

ArmInfo. Beeline is the first operator in Armenia to start using electronic (digital) signature and documentation.



ArmInfo. The Armenian  government is reviewing tax benefits for mortgage lending. The  corresponding decision was made on November 23 at a meeting of the  Cabinet of Ministers of the country.

ArmInfo. By the end of this  year, three offices of the State Committee of the Real Estate  Cadastre for servicing the population will be liquidated in Armenia,  the head of the committee Martin Sargsyan stated on November 18 at a  meeting with Prime Minister Karen Karapetyan's participation.



AMDagainst the dollar devalued in January-November 2017 by 0.5% versus the background of inflation of 1.1%

ArmInfo. The devaluation of the AMD to the US dollar in January-November 2017 was 0.5%, only in November - by 1%, with annual devaluation by 1.4%. As the RA National Statistical Service told ArmInfo, in November 2017 the average calculated rate was 485.4 AMD / $ 1, against 478.5 AMD / $ 1 in November 2016, 480.1 AMD / $ 1 in November 2015, 420.50 AMD / $ 1 in November 2014. A year earlier, in January-November 2016, the revaluation of the dram to the US dollar was 0.9%, only in November - a devaluation of 0.7%, with an annual revaluation of 0.3%.

At Armenia`s consumption in January-November 2017, inflation was fixed at 1.1% with an annual inflation of 0.8%

ArmInfo. The consumer market in Armenia in November 2017 recorded inflation of 2%, which  caused by a rise in price of food products by 4.2%, non-food products - by 0.5%, increase in tariffs for services - by 0.4%. In the capital, consumer prices rose by 2% in November. In January-November 2017, inflation in 1.1% was caused by a rise in price of food products by 2% and non- food prices by 1.6%, while tariffs for services decreased by 0.6%.

 Exchange rates
12.12.2017
RUB8.000,04
USD484.00-0,64
EUR570.00-1,33
GBP646.00-2,06
CAD377.00-0,02
JPY42.00-0,09
CNY73.00-0,11
CHF489.000,10
 Experts
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 Government Bonds

 

ISIN AMGB1029A250
Auction ID AMGB1029A250A
Date 12.05.2017
Issue date 29.10.2015
Issue volume (AMD) 50 000 000 000
Maturity date 29.10.2025
Coupon year yield 11.00%
Auction volume (AMD) 1000 000 000 - 2.000 000 000
Auction date 12.05.2017
DLS
Total amount (AMD) 1 000 000 000
Amount of the total bids (AMD) 787 200 000
Amount of the total accepted bids (AMD) 787 200 000
Cut of yield (%) 10,6447
Weighted avrage yield (%) 10,6447
Auction max  yield (%) 10,6447
Auction min  yield (%) 10,6447
Number of participants 5
 ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000

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