Forecast: Armenia has good prospects for expanding its presence in the Polish market Wednesday, June 5 2019
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 ArmInfo.Armenia has very good prospects for expanding its presence in the Polish market, representative of the Armenian community of Poland Petros Tovmasyan expressed a similar opinion, answering the question of ArmInfo. |
ArmInfo. The Armenian <Oval Plastic> plant increased the staff, production volumes and expanded the range of products. This became known as a result of the visit of the Minister of Economy Tigran Khachatryan to the <Oval Plasti>c plant, which is engaged in the production of disposable plastic containers and other items widely used in the food industry, medicine, pharmaceuticals and households.
ArmInfo. On June 14, the regular meeting of the interdepartmental commission on the evaluation of applications for subventions for the development of social infrastructures and the economy of communities was held in the Armenian government headed by Deputy Prime Minister Tigran Avinyan.
ArmInfo. From June 10 to 14, 2019, the volume of transactions at the currency interbank market of Armenia decreased by 7%, after a decline of 34.6% a week earlier. In parallel with this, dollar transactions remained in growth on the intrabank foreign exchange market, European operations turned downward, and the multidirectional dynamics of ruble transactions maintained, and the ruble buying up, like a week earlier, showed growth. Exchange currency market is empty.
ArmInfo. VTB Bank (Armenia), taking care of the convenience of its customers, opened 23 self-service zones in Yerevan and regions of Armenia, which are available 24 hours a day, 7 days a week. This was reported to ArmInfo in the press service of the bank.
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. Armenia is interested in using its entire scientific and technical potential for the localization of modern sources of alternative energy. On May 23, Vache Terteryan, First Deputy Minister of Territorial Administration and Development of RA, told a seminar on studying the situation of energy use in rural areas of Armenia within the framework of the program "Management of natural resources and protection of ecosystem services for sustainable community development in the South Caucasus"
ArmInfo.Possible disputes over the construction project in Yerevan of a new thermal unit will be resolved in the International Chamber of Commerce (ICC). At a meeting on May 23, the Armenian Cabinet of Ministers approved the signing of an additional document to the agreement between the RA government and Armpower and Renco companies.
ArmInfo.Viva Sell-MTS introducednew, convenient and affordable package of services for corporate subscribers -<Corporate 2300>.According to the press service of the company, the package provides megabytes of the Internet, on-net minutes for calls to other mobile network operators in Armenia, to 374 97 mobile and city networks 374 47, as well as to the direction of the Russian Federation, the USA and Canada, and the possibility of sending SMS messages.
ArmInfo.Construction of a state-of-the-art building for companies specializing in information technology will start in the capital of Armenia, at a cost of $ 130 million. The Government of Armenia approved the relevant investment program presented by Armen Ter-Tachatyan at a meeting on May 30.
ArmInfo. The average market value of the apartment building in the regions of Armenia increased in Q1 2019 by 4.1% per annum, making 89.2 thousand drams / 1 sq.m. According to the data of the State Committee of the Real Estate Cadastre of the Republic of Armenia, in the first quarter alone the price for regional apartment buildings increased only by 0.7%.
ArmInfo. The average market value of a multi-apartment building in Yerevan increased in Q1 of 2019 by 9.5% per annum, but for the Q1 alone - by 1.9%, reaching 299.4 thousand drams / 1 sq. m. The data of the State Committee of Real Estate Cadastre of RA suggest this.
ArmInfo. The state budget surplus of Armenia in January-April 2019 amounted to 78.6 billion drams ($ 161.6 million), of which more than 60% or 47.4 billion drams ($ 97.8 million) fell in April. In YOY terms, this figure increased by 8.8 fold (withheld in surplus), and on a monthly basis - by 7 fold (with an exit from the deficit in surplus). As a comparison, we note that in 2018, in January-April, the budget was also closed with a surplus, with a YOY growth of 2.8 fold and a monthly increase of 3.6 fold, and in both cases, there was a way out of the deficit to surplus.
ArmInfo. In January-May, 2019, inflation was fixed at 2% in the Armenian consumer market, against 1.1% inflation in the same period of 2018.
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 system
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 rhetorical
Former head of the Ministry of Finance: 
Vardan 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 services
Bulgarian 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 sleeping
Expert: Despite the adequacy of Armenian banks` capitals, the opportunities for its optimal use are severely limited
Association of Organic Agriculture is being created in Armenia
Pailak Tadevosyan: Governments change in Armenia, but taxation approaches do not change
Rouben Indjikian: Everyone should follow the established unified and fair rules of the game
Mher Arakelyan: Armenia`s payment business has great prospects
Rating-Agentur Expert RA GmbH and AmRating issued an industry report on Armenia`s banking system
Igor Nazaruk: Each planted sprout has the right to a successful prospect if it is cherished and taken care of
Ara Khzmalyan: Armenia is comfortable to Russian tourist
The Armenian delegation to the US followed the advice of President Trump
Outflow of population and passivity of the Diaspora pushes property prices down
Finombudsman: Amendments to the Civil Code on the imposition of fines and penalties will reduce the number of outstanding loans and non-creditworthy consumers
Armenian 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 world
Arthur 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 strategy
ArmInfo IC: In Armenia, CMTPL loss ratio increased up to 64.5% in Q1 2019
Overdue loans accelerate growth in banking system of Armenia
RA Prime Minister: European Union is not ready to finance 100% of development programs implementation in Armenia
T.Avinyan: The Government is open for cooperation and encourages active dialogue and interaction in all areas 
Veolia Jur: Regulatory charges are false and unfounded
Armenian Prime Minister: We are gaining momentum for economic takeoff
Through the mobile banking application of Ardshinbank you can get a loan in seconds.
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 stations
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 unit
The Armenian government suggests raising the minimum pension by 60%
The updated feasibility study of construction project of electricity transmission line Armenia- Georgia will be ready by the end of the year - the Ministry of Energy
Eurasian Development Bank wishes to expand its activities in Armenia
$ 100 million to be invested in repatriation project Build Armenia
FRV: Armenia`s growing desire to increase renewable energy sources is a decisive factor
Suren Papikyan: It`s safe now to do business in Armenia, assures Armenian Minister
Armenian state debt started reducing up to $6.7 bln to June 1 2018