ArmInfo. German KfW Development Bank will provide Armenia with 3 million euros to improve the field of water management. According to the press service of the Ministry of Finance of Armenia, on July 19, 2 agreements with a budget of 3 million EUR were signed with a representative of the Bank in the financial department.
ArmInfo. The Ministry of Nature Protection of Armenia and the Japan International Cooperation Agency (JICA) have developed new interaction programs. This was announced during the meeting of Minister of the Nature Protection Erik Grigoryan and Permanent Representative of JICA in Georgia Yukihiko Ejiri, in the framework of which issues of expanding cooperation with the Green Climate Fund under the Minamata Convention on Mercury were discussed.
ArmInfo. Ameriabank will act as financial intermediary for Armenia in USD 175m blended finance impact securitization transaction launched by responsAbility AG arranged by JP Morgan and backed by Overseas Private Investment Corporation (OPIC).
ArmInfo.VTB Bank (Armenia) launched a new service for its customers - sending money transfers via the Best international system to any Visa / MasterCard / Mir cards issued by both Armenian and foreign banks worldwide from 71 branches of VTB Bank (Armenia).
ArmInfo. Following the results of the Q1 of 2019, the insurance sector of Armenia paid taxes of 633.9 million drams ($ 1.3 million), which is 11.8% more than a year ago. Of this amount, 86% or 542.3 million drams were paid on direct taxes (including income tax and profits tax). According to the RA State Revenue Committee, all 6 insurance companies operating in the market were included in the list of the top 1000 taxpayers of Armenia during the reporting period.
ArmInfo. The premiums of Armenian insurance companies increased by 17.6% per annum in the first quarter of 2019, with a rise in refunds of 11.9%, while the year before the rates were higher - 47.9% and 26% respectively. In the first quarter of 2019 alone, premiums increased by 59.8%, with a drop in payments of 6.8%, against premium growth of 36.1% and a fall in refunds of 22.2% in the first quarter of 2018. By April 1, 2019, the cumulative amount of insurance premiums was 16.3 billion drams, and the amount of insurance claims was 6.1 billion drams (figures are from IC reports on IFRS standards).
ArmInfo. Five foreign companies responded to the invitation of the Armenian side to the construction of the Megri hydroelectric station on the border with Iran of the Araks River. About this ArmInfo correspondent was told by a source in energy circles, noting that among potential investors there are no companies with Armenian roots.
ArmInfo. The private sector of Armenia plans to build a 100 MW hydroelectric power station on the Armenian-Iranian border, Iranian Energy Minister Reza Ardakanian said as reported by the IRNA news agency.
ArmInfo. In the first quarter of 2019, only 0.5% of users in Armenia faced attempts of launch of malicious software on their computers designed to steal money through online access to bank accounts. During the same period, 0.7% of users in Azerbaijan and 0.6% of users in Georgia were attacked.
ArmInfo. Beeline announced the launch of three new "Business" Alternative fixed-line telephony plans (TFs) for corporate customers. The press service of the company told ArmInfo that the updated postpaid line of tariff plans offers businesses a package of included airtime that can be spent on calls to all fixed and mobile networks in Armenia, Artsakh, the USA, Canada and China, as well as to all Beeline numbers in Russia .
ArmInfo.Property tax in Armenia will increase at least 2.5-3-fold. Sarhat Petrosyan, chairman of the Real Estate Cadastre Committee at the government, said this after answering the question of ArmInfo after the government meeting.
ArmInfo. In May of this year, compared with the same period of the 2018th year, real estate transactions inArmenia grew by 17.8%, the press service of the Real Estate Cadastre Committee reports.So, in May 2019, 15,956 transactions on state registration of rights to real estate were carried out in the republic, a reduction of 1.9% compared to April 2019. Meanwhile, compared with May 2018, the figure increased by 17.8 percent.