Forecast: Increase in gas tariffs in Armenia will lead to a drop in  consumptionForecast: Increase in gas tariffs in Armenia will lead to a drop in  consumption
 Monday, April 6 2020

ArmInfo.An increase in domestic gas tariffs in Armenia will lead to a drop in consumption and, accordingly, Gazprom Armenia CJSC will not bring any financial  dividends. A similar opinion was expressed by ArmInfo Vice-Chairman  of the Armenian National Congress Aram Manukyan.

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In Armenia, economic activity in January-February 2020 increased by  8.7% per annumIn Armenia, economic activity in January-February 2020 increased by  8.7% per annum
 Monday, April 6 2020

ArmInfo. In Armenia, economic activity in January-February 2020 increased by 8.7% compared to the same period in 2019, compared to last year's 6.5% growth. According  to the final data of the RA Statcommittee, the annual growth was  provoked to a greater extent by the industrial sector and the energy  complex.

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Naira Zohrabyan in search of the director of the Varks AM UCC Naira Zohrabyan in search of the director of the Varks AM UCC 
 Monday, April 6 2020

ArmInfo. Prosperous Armenia faction member Naira Zohrabyan is in search of a director on the eve of the lost license of Varks AM credit company. The deputy wrote  about this on her Facebook page. "I ask those who find him to inform  me," she wrote.  

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GDCA of Armenia disproves information about the deprivation of its  licenseGDCA of Armenia disproves information about the deprivation of its  license
 Monday, April 6 2020

ArmInfo. The General Directorate of Civil Aviation (GUGA) of Armenia denies information about the deprivation of its license.

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Premier: Creativity needs to be encouraged, and how to make it spread  among companies, people, familiesPremier: Creativity needs to be encouraged, and how to make it spread  among companies, people, families
 Monday, April 6 2020

ArmInfo.Chaired by Prime Minister Nikola Pashinyan the day before the government held a meeting in which the heads of departments representing the economic  bloc of the government and specialists of the Central Bank took part.

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ADB in Armenia predicts for 2020 increase in current account deficit  to GDP up to 8.6%ADB in Armenia predicts for 2020 increase in current account deficit  to GDP up to 8.6%
 Monday, April 6 2020

ArmInfo.The Asian Development Bank (ADB) forecasts for Armenia an increase in 2020 of the current account deficit to GDP to 8.6%, with a slight decrease in 2021 to  8.2%. This forecast was published on April 3 in the ADB economic  report, Asian Development Outlook 2020.

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According to the forecast of ADB in Armenia in 2020, export growth  will slow down to 2.5%, and imports to 7.5%According to the forecast of ADB in Armenia in 2020, export growth  will slow down to 2.5%, and imports to 7.5%
 Saturday, April 4 2020

ArmInfo.According to the forecast of the Asian Development Bank (ADB) in Armenia, a slowdown in foreign trade turnover is expected in 2020, with a slight  acceleration in 2021. In particular, export growth will slow sharply  to 2.5% in 2020, with an acceleration to 7.5% in 2021, while import  growth will slow to 7.5% in 2020 with the continuation of this trend  and to 6.5 in 2021 % This forecast was published on April 3 in the  ADB economic report, Asian Development Outlook 2020.

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Prime Minister: Armenian government will continue to develop  anti-crisis measures aimed at overcoming the consequences of  coronavirusPrime Minister: Armenian government will continue to develop  anti-crisis measures aimed at overcoming the consequences of  coronavirus
 Saturday, April 4 2020

ArmInfo.The Armenian government will continue to develop anti-crisis measures aimed at overcoming the consequences of the coronavirus. This was announced on  April 4 at a meeting on the implementation of capital expenditures,  said Prime Minister Nikol Pashinyan.

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According to ADB forecast, inflation in Armenia in 2020 will make  2.8%According to ADB forecast, inflation in Armenia in 2020 will make  2.8%
 Saturday, April 4 2020

ArmInfo.According to the forecast of the Asian Development Bank (ADB), inflation in Armenia in 2020 will be 2.8% (versus 1.4% in 2019), and in 2021 - 2.2%. This  forecast was published on April 3 in the ADB economic report, Asian  Development Outlook 2020.

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The commandant of the state of emergency of Armenia made a new  decision on temporary restrictions on the export and import of  certain items of goodsThe commandant of the state of emergency of Armenia made a new  decision on temporary restrictions on the export and import of  certain items of goods
 Saturday, April 4 2020

ArmInfo. Deputy Prime Minister and Commandant of the State of Emergency Tigran Avinyan made a new decision on temporary restrictions on the export and import of  certain items of goods.

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According to Asian Development Bank`s forecast, Armenia`s GDP growth in  2020 will slow down to 2.2%According to Asian Development Bank`s forecast, Armenia`s GDP growth in  2020 will slow down to 2.2%
 Friday, April 3 2020

ArmInfo.Amid the impact of COVID-19 and lower consumption, economic growth in Armenia will slow down to 2.2% in 2020, analysts at the Asian Development Bank (ADB) say.

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Pashinyan: Beneficiaries should receive assistance in minutesPashinyan: Beneficiaries should receive assistance in minutes
 Friday, April 3 2020

ArmInfo.In the government, with the participation of the Prime Minister of the Republic of Armenia, Nikol Pashinyan, discussions continue to be held with the aim of  solving the socio-economic problems caused by the coronavirus.

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In Q1, 1.7% inflation was recorded at Armenia`s consumer market amid  0.1% y-o-y deflation In Q1, 1.7% inflation was recorded at Armenia`s consumer market amid  0.1% y-o-y deflation 
 Friday, April 3 2020

ArmInfo.In the consumer market of Armenia in the first quarter of 2020, inflation was recorded at 1.7% compared to last year's 2.6%. In the first quarter of this year  inflation was mainly triggered by a 3.9% increase in food prices and,  to a lesser extent, an increase in service tariffs by 0.4%, while  non-food prices dropped by 0.5%.

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 EEC Council expanded the list of goods exempted from import customs  duty EEC Council expanded the list of goods exempted from import customs  duty
 Friday, April 3 2020

ArmInfo.  In order to minimize the negative economic consequences of the spread of coronavirus infection COVID-19, to prevent a shortage of socially important goods in the EAEU countries, the Council of the Eurasian Economic Commission on  April 3 approved a list of critical import goods. In relation to  them, a tariff exemption is provided in the form of exemption from  import customs duties when importing into the states of the Eurasian  Economic Union from April 1 to June 30 of this year inclusive.

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Representatives of FAO and Ministry of Economy of Armenia discussed  impact of COVID-19 on agricultureRepresentatives of FAO and Ministry of Economy of Armenia discussed  impact of COVID-19 on agriculture
 Friday, April 3 2020

ArmInfo.Representative of the Food and Agriculture Organization of the United Nations (FAO) Raimund Jehle and Deputy Minister of Economy of the Republic of Armenia Arman Khojoyan, through remote communication, discussed the priorities of  the FAO in Armenia and the continuation of joint work in the  situation in conditions of the coronavirus.

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UNCTAD is ready to update  report on investment policy of ArmeniaUNCTAD is ready to update  report on investment policy of Armenia
 Friday, April 3 2020

ArmInfo. The United Nations Conference on Trade and Development (UNCTAD) is ready to update the report with an analysis of the investment policy of the Republic of  Armenia in the context of global challenges and opportunities.  Director of Investment and Enterprise at the United Nations  Conference on Trade and Development (UNCTAD) James Zhan stated this,  during a video conversation with the President of Armenia Armen  Sarkissian, noting that he would start this process as soon as  possible.

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World Bank allocated  $ 3 million to Armenia to combat CoronavirusWorld Bank allocated  $ 3 million to Armenia to combat Coronavirus
 Friday, April 3 2020

ArmInfo. <In response to the rapid spread of the COVID-19 pandemic globally, and recently in Armenia, the World Bank is supporting the Government's response to  protect its people amid the coronavirus outbreak>, the official  website of WB in Armenia reports.

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Minister: 120 applications have been submitted for state action in  the framework of programs to overcome the consequence of coronavirus Minister: 120 applications have been submitted for state action in  the framework of programs to overcome the consequence of coronavirus 
 Friday, April 3 2020

ArmInfo.According to the situation, at present 120 applications have been submitted for a total of 1.4 billion drams for state assistance in the framework of  programs to overcome the consequences of the coronavirus.

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Economic growth in Armenia in 2020 will be lower than forecastedEconomic growth in Armenia in 2020 will be lower than forecasted
 Friday, April 3 2020

ArmInfo.Economic growth in Armenia in 2020 will be lower than forecasted. The Minister of Economy of the Republic of Armenia Tigran Khachatryan stated this on  April 3 at a press conference in Yerevan.

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Yerevan Municipality announces open tender for purchase and  installation of 500 new elevatorsYerevan Municipality announces open tender for purchase and  installation of 500 new elevators
 Friday, April 3 2020

ArmInfo.Yerevan Municipality has announced an open tender for the acquisition, installation and maintenance of 500 new elevators in 10 administrative districts of  the capital.

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RA Government sees the need to stimulate investment policyRA Government sees the need to stimulate investment policy
 Thursday, April 2 2020

ArmInfo. Led by Prime Minister Nikol Pashinyan, a meeting on stimulating investment policy was held today in the government with the participation of heads and  representatives of various government departments. This was reported  by the press service of the government.

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Gold in Armenia began to rise in price againGold in Armenia began to rise in price again
 Thursday, April 2 2020

ArmInfo. Gold in Armenia began to rise sharply after the decline in value a week earlier. In general, prices for precious metals in Armenia increased by 13.9%  this week (after a sharp decline in the previous week - by 20.5%).

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RA Government approved 4 investment projectsRA Government approved 4 investment projects
 Thursday, April 2 2020

ArmInfo. At today's meeting of the RA government, 4 investment projects were approved. <4 investment projects is a good sign. We need to transform the high economic impulses existing in the pre-coronavirus period into future positive  expectations that can be realized only by working'', RA Prime  Minister Nikol Pashinyan said.

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IDBank extends the period of credit vacation until May 17 and announces about the second stage of customer support.IDBank extends the period of credit vacation until May 17 and announces about the second stage of customer support.
 Thursday, April 2 2020

ArmInfo.Taking into consideration the state of emergency in our country and the fact that during this period of time, without income recovery, our customers will have difficulties with the repayments of the loans after the grace period, IDBank announces the second stage of customer support.

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Ambassador: Armenia has not suspended cargo transportation with Iran  because of their economic justificationAmbassador: Armenia has not suspended cargo transportation with Iran  because of their economic justification
 Thursday, April 2 2020

ArmInfo.Armenia did not suspend cargo transportation with Iran in the context of the  coronavirus pandemic, since from an economic point of view this was  justified.  As reported by ArmInfo in the RA MFA, the Armenian  Ambassador to Iran Artashes Tumanyan stated this in an interview with  ArmNews TV channel.

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CB Head: Business has not lost confidence in the RA economyCB Head: Business has not lost confidence in the RA economy
 Thursday, April 2 2020

ArmInfo. The Investment Promotion Center received 11 applications from SMEs for 3 packages of anti-crisis measures 

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Prime Minister: In the first quarter of 2020, Armenia exceeded the  budget figures by 16.5% per annumPrime Minister: In the first quarter of 2020, Armenia exceeded the  budget figures by 16.5% per annum
 Thursday, April 2 2020

ArmInfo.According to the results of the 1st quarter of 2020, in comparison with the same period of 2019, Armenia exceeded the budget figures for tax revenues  by 49.5bn. drams, and compared to 2018. - for 100 billion drams. This  was announced on April 2 by the Prime Minister Nikol Pashinyan during  a government meeting.

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Forecast by CBA: the ratio of budget deficit to GDP in 2020 will be  3%, and in case of full implementation of the anti-crisis package it  can reach 5.3%Forecast by CBA: the ratio of budget deficit to GDP in 2020 will be  3%, and in case of full implementation of the anti-crisis package it  can reach 5.3%
 Wednesday, April 1 2020

ArmInfo. According to the forecast of the Central Bank of Armenia for 2020, the ratio of the state budget deficit to GDP will be 3% (against the actual 1% in 2019 with  a y-o-y decline of 0.9 percentage points), and if the announced  volume of the anti-crisis assistance package does not change and will  be fully implemented during the current year, this ratio can reach  5.3%.

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CBA Forecast: By the end of 2020, inflation will be 1.9% and will  head for the target threshold in the medium termCBA Forecast: By the end of 2020, inflation will be 1.9% and will  head for the target threshold in the medium term
 Wednesday, April 1 2020

ArmInfo.According to the forecasts of the Central Bank of Armenia, inflation by the end of 2020 will amount to 1.9% and will head for the target threshold in  the medium term.  This was noted in the Monetary Policy Program of  the CBA for the I quarter of 2020, published today.  Moreover, the  Central Bank expects that inflation will remain low in the coming  months.

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CBA forecast: Consequences of Coronavirus to slow down Armenia`s GDP  growth in 2020 to stagnant 0.7%CBA forecast: Consequences of Coronavirus to slow down Armenia`s GDP  growth in 2020 to stagnant 0.7%
 Wednesday, April 1 2020

ArmInfo. According to the forecast of the Central Bank of Armenia, the impact of coronavirus on the economy will slow down the growth of Armenia's GDP in 2020 to a  stagnant 0.7% (from the actual 7.6% growth in 2019). In 2021, growth  is expected to recover to 7.2%. This is stated in the Central Bank's  monetary policy program for the first quarter of 2020, published  today.

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Armenian NPP takes measures to prevent the spread of coronavirusArmenian NPP takes measures to prevent the spread of coronavirus
 Wednesday, April 1 2020

ArmInfo.Given the current situation in Armenia related to the spread of coronavirus, the leadership of the Armenian Nuclear Power Plant is taking all possible  measures to implement the unhindered operation of the nuclear power  plant and monitor the health status of employees. In the current  situation, a headquarters was created at the ANPP, which implements  measures aimed at preventing the spread of the virus.

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Ministry of Economy presented procedure for applying for assistance  in framework of 2 and 3 packages of anti-crisis measuresMinistry of Economy presented procedure for applying for assistance  in framework of 2 and 3 packages of anti-crisis measures
 Wednesday, April 1 2020

ArmInfo.Within the framework of 2 and 3 state support packages developed by the Ministry of Economy of the Republic of Armenia as anti-crisis measures in  connection with the coronavirus pandemic, the procedure for seeking  help is established for economic entities. Deputy Minister of Economy  of the Republic of Armenia Naira Margaryan announced this on April 1  during a press conference in the Unified InfoCenter.

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Card2Card International Transfers - one of the major advantages of Converse Banks new Mobile applicationCard2Card International Transfers - one of the major advantages of Converse Banks new Mobile application
 Wednesday, April 1 2020

ArmInfo.Converse Bank’s Card2Card service is available through the new Mobile application as well. The service enables cardholders of the Bank, as well as those of other ArCa member banks, to make transfers to Mastercard, Visa and ArCa payment cards which  are non-ArCa system members, as well as to foreign bank payment cards, at any time and from anywhere in the world.

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Gazprom Armenia CJSC plans to revise gas tariffsGazprom Armenia CJSC plans to revise gas tariffs
 Wednesday, April 1 2020

ArmInfo. Gazprom Armenia CJSC applied to the Public Services Regulatory Commission to review gas tariffs.

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Retail prices for petrol and diesel fuel reduced in ArmeniaRetail prices for petrol and diesel fuel reduced in Armenia
 Tuesday, March 31 2020

ArmInfo. Retail prices for petrol and diesel fuel decreased in Armenia. This is evidenced by the results of monitoring conducted by the State Commission for the  Protection of Economic Competition. According to the SCPEC,  monitoring was carried out from February 26 to March 30, 2020 at the  three largest economic entities.

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Economist: New Economist: New "gas negotiations" with Gazprom are logical
 Tuesday, March 31 2020

ArmInfo. The new "gas negotiations" with Gazprom are logical in a situation when the  pricing of natural gas has already changed by 180 degrees and  continues to change from day to day. Economist Vahagn Khachatryan  expressed a similar opinion to ArmInfo.

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President of Belarus and Prime Minister of Armenia noted overestimated  level of prices for natural gasPresident of Belarus and Prime Minister of Armenia noted overestimated  level of prices for natural gas
 Tuesday, March 31 2020

ArmInfo.A telephone conversation between the President of Belarus and the Prime Minister of Armenia took place on March 31 at the initiative of the Armenian  side.  BelTA  by the reference of the press service of Belarusian  Leader reports..  According to the source, Alexander Lukashenko and  Nikol Pashinyan discussed the functioning of the economy in the  current difficult conditions, noting the existing serious problems  and difficulties.

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Banks and insurance companies will receive the r to conduct general  meetings of shareholders remotelyBanks and insurance companies will receive the r to conduct general  meetings of shareholders remotely
 Tuesday, March 31 2020

ArmInfo. Banks and insurance companies will receive the right to conduct general meetings of shareholders remotely. The National Assembly of the Republic of  Armenia, at its meeting on March 31 in the second and final reading,  amended the laws "On Joint Stock Companies", "On Banks and Banking  Activities", "On Insurance and Insurance Activities".

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<My Step> has proposed member of Central Bank Board Martin  Galstyan  as candidate for new head of Central Bank has proposed member of Central Bank Board Martin  Galstyan  as candidate for new head of Central Bank
 Tuesday, March 31 2020

ArmInfo. CBA Board Member, Martin Galstyan  may  may become the new head of the Central Bank. As the ruling  parliamentary faction "My Step" told ArmInfo, the faction proposed  Martin Galstyan to be the new head of the Bank.

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SCR continues to provide economy of Armenia with railway servicesSCR continues to provide economy of Armenia with railway services
 Tuesday, March 31 2020

ArmInfo. The South Caucasus Railway Company continues to provide the Armenian economy with stabile railway services. In the I quarter of this year, the company  transported 708 thousand tons of cargo in local and external traffic,  which is 8.6% more than the corresponding figure in 2019, the  company's press service said.

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