Friday, April 3 2020 14:22
Alexandr Avanesov

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 

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.

Minister of Economy of the Republic of Armenia Tigran Khachatryan stated this on  April 3 at a press conference in Yerevan.  According to him, there is  currently a process of studying these applications, the main  conditions for the satisfaction of which is the absence of tax and  credit obligations at the end of 2019.

The Minister emphasized that within the framework of the programs,  business entities can use four assistance mechanisms. First of all,  it is the fast financial provision of the subjects with financial  resources of the country's commercial banks. A feature of this  mechanism is that the commercial banks themselves decide which  organizations are entitled to state assistance in credit financing  and refinancing of interest rates.

The second mechanism, as the minister noted, concerns agriculture,  which, on the whole, is not new, but the volumes of financing are  new.

This area is especially important on the eve of the organization of  spring field work. In addition to the existing programs, the  villagers will be able to attract interest-free loans of up to 1  million drams.

The third mechanism is the financing of small and medium-sized  business programs aimed at preserving jobs and wage funds. In this  case, the salary of every fifth employee will be financed by the  state. In the SME sector, loans will be provided for a period of 36  months, the maximum loan rate is 50 million drams with a grace period  of payments in the first 2 years. This program, which will be  extended to companies with an annual turnover of 24 to 500 million  drams, the minister noted, can be extended to the tourism and hotel  business.

Tigran Khachatyan also noted that in 2019, about 9 thousand  beneficiaries attracted 53 billion drams in the framework of state  assistance programs for credit resources. It is expected that in 2020  the number of beneficiaries will increase to at least 10 thousand,  and the volume of attracted resources to at least 60 billion drams.   To note, the government has already approved and starting to apply 9  packages of state assistance in the social sector. 

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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