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%.
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.
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.
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".
ArmInfo. As of March 20, 2020, in Armenia, as part of the pilot program for agricultural risk insurance, 523 insurance contracts were concluded in Armenia. The
press service of the Ministry of Economy of the Republic of Armenia
reported this on March 24.
ArmInfo. The INGO Armenia insurance company decided to switch to an emergency mode of remote servicing, based on social responsibility to customers and taking into account the government decision to introduce an emergency. This was reported by the press service of INGO Armenia IC, while simultaneously notifying that all employees of the insurance company will work from home, ensuring uninterrupted workflow.
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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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.
ArmInfo. In connection with the identification of cases of coronavirus, Beeline in Armenia provides its mobile subscribers with the opportunity to use a number
of websites of state and social significance for free (without
Internet costs). This is stated in the official statement of the
company's press service.
ArmInfo. Taking into account the events taking place all over the world, Beeline in Armenia decided that all subscribers of the company who have activated
roaming can call the numbers of the Ministry of Health +37410550601
and +37460838300 from March 17 to 31 free of charge.
ArmInfo. In September 2019, compared to September last year, the number of mortgage loans in Armenia increased by 23.3%, or by 7261 mortgage loans. The Prime Minister of Armenia Nikol Pashinyan wrote about this on his Facebook page.
ArmInfo. The cadastral value of luxury expensive real estate in Armenia can increase eight fold. This was stated during the discussion of the draft law "On Establishing the Procedure for Calculation of the Cadastre Approximate to the Market Value of Real Estate for the Taxation of Real Estate" on September 11, head of the Real Estate Cadastre Committee of Armenia Sarhat Petrosyan. Thus, with the adoption of the law, the tax on particularly expensive real estate will increase significantly.
The license for the activities of the Armenian NPP may be extended until 2026
RAEX-Europe confirmed Armenia`s ratings at `BB-` with outlook "Positive"
John D & Sosi Balian Foundation will allocate $ 1.65 million for construction and improvement of new building of Erebuni Archaeological Museum-Reserve
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