ArmInfo NewsFeed


Online shopping on Black Friday made more attractive with Converse Bank cardsOnline shopping on Black Friday made more attractive with Converse Bank cards
WB approved new $50 mln loan on DPO program for Armenia WB approved new $50 mln loan on DPO program for Armenia 
EDB proposes to use national currency in mutual settlements within  EAEUEDB proposes to use national currency in mutual settlements within  EAEU
Tax information is now available on RA SRC e-platform Tax information is now available on RA SRC e-platform 
ACBA-Credit Agricole Bank, within framework of ACBA-Credit Agricole Bank, within framework of "My Business, My Bank"  campaign will present its partners` products in branches of Bank
It is planned to develop a roadmap for improving investment policy in  ArmeniaIt is planned to develop a roadmap for improving investment policy in  Armenia
RA Prime Minister presented Italian business community with business  opportunities in ArmeniaRA Prime Minister presented Italian business community with business  opportunities in Armenia
Armbusinessbank became an agent of the primary market of government  bonds of ArmeniaArmbusinessbank became an agent of the primary market of government  bonds of Armenia
Corporate bonds of the largest mining company in Armenia have been  listed on the Armenian Stock ExchangeCorporate bonds of the largest mining company in Armenia have been  listed on the Armenian Stock Exchange
Artur Javadyan presented specifics of Armenia`s monetary policy at a  meeting of the Club of Central Bank HeadsArtur Javadyan presented specifics of Armenia`s monetary policy at a  meeting of the Club of Central Bank Heads
Ameriabank fully transfers business financing to digital channelsAmeriabank fully transfers business financing to digital channels
Online loans dominate in Ameriabank`s consumer loan portfolio Online loans dominate in Ameriabank`s consumer loan portfolio 
Armen Sarkissian summed up results of official visit to Qatar:  Armenia can attract investmentsArmen Sarkissian summed up results of official visit to Qatar:  Armenia can attract investments
Armenian government granted privileges to companies with Armenian government granted privileges to companies with "actual"  production
Tigran Avinyan and Sylvie Bossoutrot discussed the implementation of  the program Tigran Avinyan and Sylvie Bossoutrot discussed the implementation of  the program "Local Economy and Infrastructures Development"
Japanese scientist Takeo Kanade awarded Japanese scientist Takeo Kanade awarded "Global IT Award- 2019``  State Prize of the Republic of Armenia for global contribution to IT 
Deputy Prime Minister: In the next 1-3 years, issue of transport in  Yerevan will be completely resolved Deputy Prime Minister: In the next 1-3 years, issue of transport in  Yerevan will be completely resolved 
Expert: Animal numbering and registration program to serve as basis  for other livestock projectsExpert: Animal numbering and registration program to serve as basis  for other livestock projects
Armenian government thinks about expanding capabilities of inspection  bodiesArmenian government thinks about expanding capabilities of inspection  bodies
Armen Sarkissian and representatives of Qatar Investment Fund  discussed prospects of cooperation Armen Sarkissian and representatives of Qatar Investment Fund  discussed prospects of cooperation 
Armenia`s GDP growth in Q3 of 2019, compared to same period in 2018,  amounted to 7.9%Armenia`s GDP growth in Q3 of 2019, compared to same period in 2018,  amounted to 7.9%
Arthur Javadyan left for Prague to attend 42nd session of Central  Bank Governors` Club of Central Asia, Black Sea Region and Balkan  CountriesArthur Javadyan left for Prague to attend 42nd session of Central  Bank Governors` Club of Central Asia, Black Sea Region and Balkan  Countries
Avinyan on the termination of Taron Avia Airlines operation: Air  transportation cannot be compared with transportation of people by  Avinyan on the termination of Taron Avia Airlines operation: Air  transportation cannot be compared with transportation of people by  "minibuses"
Avinyan: The issue of building a new copper smelting complex in  Armenia is on government`s agenda Avinyan: The issue of building a new copper smelting complex in  Armenia is on government`s agenda 
ADB to allocate $10 mln on reforms in Armenia`s education and  healthcare sectors ADB to allocate $10 mln on reforms in Armenia`s education and  healthcare sectors 
Current water tariff will be maintained in Armenia in 2020Current water tariff will be maintained in Armenia in 2020
SCR and GeoProMining Gold signed a cooperation agreement for 2020SCR and GeoProMining Gold signed a cooperation agreement for 2020
N. Pashinyan: The price of Russian gas for Armenia will not increase  until spring 2020N. Pashinyan: The price of Russian gas for Armenia will not increase  until spring 2020
Mekhak Apresyan: Tourist flow to Armenia will increase by 15% in 2019Mekhak Apresyan: Tourist flow to Armenia will increase by 15% in 2019
For monthly fee of AMD 4000 Beeline`s subscribers will receive fixed  100MB/s internetFor monthly fee of AMD 4000 Beeline`s subscribers will receive fixed  100MB/s internet


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Talk of the day

RA Prime Minister presented Italian business community with business  opportunities in Armenia

 Friday, November 22 2019
RA Prime Minister presented Italian business community with business  opportunities in Armenia

ArmInfo. Armenian Prime Minister Nikol Pashinyan, who is on an official visit to Italy, held a meeting with representatives of Italian business and investment  circles in Milan on the eve of a working lunch.


Economy

EDB proposes to use national currency in mutual settlements within  EAEU

ArmInfo. On November 22, Deputy Minister of Economy of Armenia Varos Simonyan received Dmitry Ladikov-Roev, member of the Board of Directors, Managing Director for Assets and Liabilities of the Eurasian Development Bank and Armen  Melkikyan, head of the Bank's Yerevan office.

Tax information is now available on RA SRC e-platform 

ArmInfo. Tax information is now available on the e-platform site of the State Revenue Committee of Armenia (SRC). This was reported by the press service of the SRC.

It is planned to develop a roadmap for improving investment policy in  Armenia
Corporate bonds of the largest mining company in Armenia have been  listed on the Armenian Stock Exchange

Finance and banks

Online shopping on Black Friday made more attractive with Converse Bank cards

ArmInfo.On the eve of Black Friday, Converse Bank is launching another loyalty campaign. Within the framework of the campaign, until November 29 inclusively, Visa Virtual Account and Visa instant issue card will be provided without service charge (throughout the whole validity period of the card). And on November 29, on Black Friday, clients can make non-cash online purchases and receive 10% cashback.

WB approved new $50 mln loan on DPO program for Armenia 

ArmInfo. The World Bank's Board of Executive Directors approved today a new, EUR 45.8 million (US $50 million) loan for the Armenia Governance Development Policy  Operation (DPO), a budget support operation, the press service of the  WB informs.

ACBA-Credit Agricole Bank, within framework of "My Business, My Bank"  campaign will present its partners` products in branches of Bank
Armbusinessbank became an agent of the primary market of government  bonds of Armenia

Insurance

Y-o-y growth in insurance claims for CMTPL and medical insurance  slows down

ArmInfo. For 9 months of 2019,  the Armenian insurers reimbursed 18.2 billion drams or $ 38.2 million  in various classes (the figures are given from the reports of  Insurance Companies portfolios according to the standards of the  Central Bank of the Republic of Armenia). In y-o-y terms,  reimbursements of insurers increased by 9.9%, against growth by 37.9%  a year earlier.

Net profit of Armenian insurance companies grew 3-fold in 9 months of  2019

ArmInfo. The total net profit  of Armenian insurance companies for 9 months of 2019 compared to the  same period a year ago increased 3-fold (against a decline of 77.4% a  year earlier), exceeding 1.1 billion drams or $ 2.4 million. 

Financial Rating of Rating ArmInfo: In the insurance market of  Armenia, the growth of premiums and indemnities is slowing
Armenian insurance sector continues to reduce tax payments to state  treasury
Energy

A plan for the development of the Armenian energy system for the  period of  2020 -2036 presented in Yerevan

ArmInfo.On November 19, Yerevan hosted the presentation of the plan for the development of  the Armenian energy system for 2020 - 2036 with minimal cost. The  document was developed jointly with USAID as part of a program to  liberalize and trade electricity.  Presenting the project, Deputy  Minister of Territorial Administration and Infrastructures of the  Republic of Armenia Hakob Vardanyan noted that the document presents  ways to provide reliable and stable energy supply at the most  affordable prices for consumers, to realize the potential of  renewable energy and energy efficiency.

Finance Minister: RA Government does not exclude the possibility of  providing a budget loan to the ANPP to fill the deficit of financial  resources

ArmInfo. The Armenian government does not exclude the possibility of providing a budget loan to the Armenian Nuclear Power Plant (ANPP) to fill the shortage  of financial resources. On November 13, Minister of Finance of the  Republic of Armenia Atom Janjughazyan stated this from the rostrum of  the Republic of Armenia, answering the question of MP of the National  Assembly of the Republic of Armenia from the Prosperous Armenia  faction Mikayel Melkumyan about the deficit of 6 billion drams needed  for the implementation of the program for the modernization of the  second power unit of the ANPP.

Construction and installation work on the Vardenis-Jermuk gas  trunkline is nearing completion
Armenia and Iran agree to establish a joint infrastructure commission

Technology

Japanese scientist Takeo Kanade awarded "Global IT Award- 2019``  State Prize of the Republic of Armenia for global contribution to IT 

ArmInfo.  The winner of the State  Prize of Armenia Global IT Award -2019 was a Japanese computer  scientist and one of the world's leading computer vision researchers  Takeo Kanade. This was announced at a November 20 press conference at  the RA Ministry of High Technology Industry.

For monthly fee of AMD 4000 Beeline`s subscribers will receive fixed  100MB/s internet

ArmInfo.Beeline Armenia has launched COMBO 4 Special services bundle. According to the press service of company for the monthly fee of AMD 4000 subscribers receive fixed 100MB/s internet, 50 BeeTV channels, a new mobile  number with the code "033", 5GB mobile internet, 50 minutes of free  calls to other mobile networks, unlimited calls to Beeline numbers  and 180 minutes of free calls to landline Beeline numbers.

Armenia`s Prime Minister: Digitalization is a key component in our  citizens` living standards and in the quality of public services
Beeline has concluded the largest landline network modernization  project in the company`s history

Real estate

Armenian citizens make money and get rid of the burden of mortgage  loans ahead of schedule - Pashinyan

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.

Cadastral value of expensive real estate in Armenia may increase  eight fold

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.

Apartment prices in the regions of Armenia increased by 4.1% in the  first half of 2019
Property tax in Armenia will increase significantly from 2021

Statistics

The volume of cargo transportation in Armenia for 9 months of 2019  decreased by 52.2% per annum, with an increase in passenger traffic  by 4.6%

ArmInfo.The volume of cargo transportation in Armenia in January-September 2019 compared to the same period of the previous year decreased by 52.2% - up to 10  364.2 thousand tons. Of these, 6 703.9 thousand tons (64.7% of the  total) fell on road transport, which decreased by 63.3% year on year.  This is evidenced by the data of the RA Statistics Committee.

The communications sector, by October 2019, accelerated annual  revenue growth

ArmInfo. Revenues of the communication sphere of Armenia by October 1, 2019 reached 109.4 billion drams, with annual growth of 1.3%, against 0.8% growth a year  earlier. According to the RA Statistics Committee, the improvement in  dynamics was triggered by an increase in the segment of the creation  and broadcasting of television and radio programs by 83.7% and 3.3%,  respectively. Whereas, dominating in the communications sector  (90.5%), the telecommunications segment showed a decline of 2.6%  (against growth of 0.6% a year earlier), with revenue of 99 billion  drams.



Exchange rates
21.11.2019
RUB7.470.01
USD476.69-0.29
EUR528.460.78
GBP617.031.30
CAD358.20-0.49
JPY43.92-0.07
CNY67.89-0.14
CHF481.260.19


Experts
Tigran Khachatryan: Attracting several transnational investors to  Armenia will allow the country to start playing for high stakesTigran Khachatryan: Attracting several transnational investors to  Armenia will allow the country to start playing for high stakes
During the first 5 years, the agricultural insurance market in Armenia will operate at a lossDuring the first 5 years, the agricultural insurance market in Armenia will operate at a loss
Artak Kamalyan: Education is the key to success. Everything else is of secondary importanceArtak Kamalyan: Education is the key to success. Everything else is of secondary importance
Head of PSRC: Whatever the agreement, the domestic tariff is  dependent on the price at the borderHead of PSRC: Whatever the agreement, the domestic tariff is  dependent on the price at the border
IMF: Armenia needs to achieve sustainable inclusive growthIMF: Armenia needs to achieve sustainable inclusive growth
Artur Atoyan: Problems of fish farmers are solved by the communist  method, that is, they are not solved at allArtur Atoyan: Problems of fish farmers are solved by the communist  method, that is, they are not solved at all
HSBC Bank Armenia digitalizes cooperation with retail clients HSBC Bank Armenia digitalizes cooperation with retail clients 
AmRating agency in cooperation with European Rating-Agentur Expert RA  GmbH has issued regular research on Armenia`s banking systemAmRating agency in cooperation with European Rating-Agentur Expert RA  GmbH has issued regular research on Armenia`s banking system
Yulia Ustyugova: Armenia can get access to IMF “insurance line”Yulia Ustyugova: Armenia can get access to IMF “insurance line”
Armand Arton: The question whether citizenship should be granted in  return for investments is rather rhetoricalArmand Arton: The question whether citizenship should be granted in  return for investments is rather rhetorical
Former head of the Ministry of Finance: <Confrontation> with Lydian may cost much to ArmeniaFormer head of the Ministry of Finance: with Lydian may cost much to Armenia
Vardan Aramyan: It will be unreasonable if the government goes to revise the allowable national debt ceiling in GDPVardan Aramyan: It will be unreasonable if the government goes to revise the allowable national debt ceiling in GDP
HSBC Bank Armenia increases efficiency and focuses on digital servicesHSBC Bank Armenia increases efficiency and focuses on digital services
Bulgarian Minister: The level of Armenian-Bulgarian economic  cooperation is still unsatisfactoryBulgarian Minister: The level of Armenian-Bulgarian economic  cooperation is still unsatisfactory
Expert: Recruitment market in Armenia from the point of view of  supply and demand is sleepingExpert: Recruitment market in Armenia from the point of view of  supply and demand is sleeping
Expert: Despite the adequacy of Armenian banks` capitals, the  opportunities for its optimal use are severely limitedExpert: Despite the adequacy of Armenian banks` capitals, the  opportunities for its optimal use are severely limited
Association of Organic Agriculture is being created in ArmeniaAssociation of Organic Agriculture is being created in Armenia
Pailak Tadevosyan: Governments change in Armenia, but taxation  approaches do not changePailak Tadevosyan: Governments change in Armenia, but taxation  approaches do not change
Rouben Indjikian: Everyone should follow the established unified and fair rules of the gameRouben Indjikian: Everyone should follow the established unified and fair rules of the game
Mher Arakelyan:  Armenia`s payment business has great prospectsMher Arakelyan:  Armenia`s payment business has great prospects

Search by date

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

Commented
Russian processing company Russian processing company "MultiCarta" discussed cooperation  opportunities with Yerevan Municipality in the transport sector
$ 270 Million to be invested in the construction of the first  skyscraper in Yerevan$ 270 Million to be invested in the construction of the first  skyscraper in Yerevan
The AGBU Women Entrepreneurs Program Launched in Artsakh: FRUITFUL  ARMENIA Foundation is the partnerThe AGBU Women Entrepreneurs Program Launched in Artsakh: FRUITFUL  ARMENIA Foundation is the partner
Forecast: Armenia has good prospects for expanding its presence in  the Polish marketForecast: Armenia has good prospects for expanding its presence in  the Polish market
Armenian government`s delegation headed by Prime Minister will take  part in the St. Petersburg International Economic Forum on June 6-7Armenian government`s delegation headed by Prime Minister will take  part in the St. Petersburg International Economic Forum on June 6-7
Concessionaire of Zvartnots International Airport promises to become  one of the best operators in the worldConcessionaire of Zvartnots International Airport promises to become  one of the best operators in the world
Arthur Javadyan: Central banks are not responsible for economic  growthArthur Javadyan: Central banks are not responsible for economic  growth
Forecast: Electricity exports to the Middle East through Iran are a  key component of Armenia`s geo- economic strategyForecast: Electricity exports to the Middle East through Iran are a  key component of Armenia`s geo- economic strategy
ArmInfo IC: In Armenia,  CMTPL loss ratio increased up to 64.5% in Q1  2019ArmInfo IC: In Armenia,  CMTPL loss ratio increased up to 64.5% in Q1  2019
From January 1, 2020, the cost of customs clearance of cars from  non-EEU countries in Armenia will increase by at least 4-5 fold:  whether the market for used cars is going upFrom January 1, 2020, the cost of customs clearance of cars from  non-EEU countries in Armenia will increase by at least 4-5 fold:  whether the market for used cars is going up
Overdue loans accelerate growth in banking system of ArmeniaOverdue loans accelerate growth in banking system of Armenia
RA Prime Minister: European Union is not ready to finance 100% of  development programs implementation in ArmeniaRA Prime Minister: European Union is not ready to finance 100% of  development programs implementation in Armenia
Converse Bank offers online loans at a low effective interest rateConverse Bank offers online loans at a low effective interest rate
Renco company will attract additional shareholders and partners to  the project of building a new thermal-power plant in ArmeniaRenco company will attract additional shareholders and partners to  the project of building a new thermal-power plant in Armenia
T.Avinyan: The Government is open for cooperation and encourages  active dialogue and interaction in all areas T.Avinyan: The Government is open for cooperation and encourages  active dialogue and interaction in all areas 
Agreement on construction of a new unit with combined gas cycle  signed in YerevanAgreement on construction of a new unit with combined gas cycle  signed in Yerevan
Veolia Jur: Regulatory charges are false and unfoundedVeolia Jur: Regulatory charges are false and unfounded
Armenian Prime Minister: We are gaining momentum for economic takeoffArmenian Prime Minister: We are gaining momentum for economic takeoff
Through the mobile banking application of Ardshinbank you can get a  loan in seconds.Through the mobile banking application of Ardshinbank you can get a  loan in seconds.
By the end of 2018, By the end of 2018, "Galburdjian Group" will launch the production of  sesame oil in Armenia
Expert: Armenia has a problem with effective use of water resources,  rather than small hydropower stationsExpert: Armenia has a problem with effective use of water resources,  rather than small hydropower stations
Investment forum Investment forum "Energy Week 2018" to be held in Armenia
Expert: It is necessary to start implementing the program for the  construction of a new nuclear unitExpert: It is necessary to start implementing the program for the  construction of a new nuclear unit

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