Tuesday, November 26 2019 13:36
Alexandr Avanesov

Armenia wants to become a pioneer in the EAEU in the process of  digitalization of the competition system

Armenia wants to become a pioneer in the EAEU in the process of  digitalization of the competition system

ArmInfo.On November 26, a meeting was held between the Chairman of the State Commission for the Protection of Economic Competition (SCPEC) of the Republic of Armenia  Gegham Gevorgyan with a World Bank delegation led by Migara de Silva.

As the press service of the SCPEC, welcoming the guests, Gegham  Gevorgyan thanked the World Bank for financing the reform SCPEC,  which were carried out as part of the "Third program of modernization  of the public sector." "The program has for us vital. We set a goal  to implement a series of reforms that will give tangible results and  will help increase the efficiency of our activities, "said Gevorgyan.

The interlocutors emphasized the importance of creating a digital  platform that will improve internal administration, significantly  reduce the time for entrepreneurs to contact the regulator, and the  decision- making process will become more transparent.

"The EAEU has also begun the digitalization process in the field of  competition, and I really want Armenia to be a pioneer in this  direction. Of course, this desire is quite ambitious, but I think  that it is in our power," the chairman of the SCPEC added.

Recall that the World Bank through the International Bank for  Reconstruction and Development to implement the "Third Program State  Sector Modernization Fund provided a loan of $ 21 million to Armenia.  The third program consists of several components. The first of these  concerns improving the accessibility of electronic financial  management services and public financial reports.

It is envisaged, in particular, to combine the implementation of a  program budgeting system with financial statements. This allowed the  formation of a controlled system of control over the expenditure of  public finances. The second component relates to the use of  electronic services. It is a matter of combining all electronic  systems of government departments into one, which will create a  single platform. The introduction of the system will allow  departments to interact with each other, and at any time,  consideration of all applications of citizens and business entities  will be carried out in a one-time mode. The third and fourth  components are envisaged, which relate to the development of  opportunities and the revision of the process of retraining civil  servants. The retraining process should be interlinked with the  promotion of a civil servant. The loan was granted for a period of 25  years, with a 14.5-year grace period, at a rate of Libor + variable  margin, which currently amounts to 1.78% per annum.

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Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

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