ArmInfo. The Ministry of Territorial Administration and Infrastructures of Armenia hopes to start construction work on the 4th tranche of the North-South road construction program next year. This was stated by the deputy acting Minister of Territorial Administration and Infrastructures of the Republic of Armenia Christine Ghalechyan.
ArmInfo.The classification of highways and their assignment to categories, approved by the Armenian government, does not meet the legislative requirements "On highways of the RA", the head of the Audit Chamber Levon Yolyan said in the parliament, presenting an annual report on activities, presenting abuses in the field of road construction.
ArmInfo. S&P Global Ratings revised the outlook on Ameriabank to stable from negative and affirmed 'B+/B' long- and short-term issuer credit rating on the bank. B+' long-term rating on Ameriabank is one notch lower than its stand-alone credit profile (SACP) rated "bb-", due to the sovereign's creditworthiness constraint, the press service of Ameriabank told ArmInfo.
ArmInfo.Armenia's gross international reserves increased in January- May 2021 by 15% or by $ 393 million, amounting to $ 3.009 billion, as evidenced by the data
of the Central Bank of Armenia. Of these, the lion's share - $ 2.973
billion - falls on foreign assets in hard currency, and the SDR share
in the IMF amounted to $ 35.7 million. According to the regulator's
report, in January-May of this year foreign assets in hard currency
increased by 14.1%, and the share of SDR in the IMF grew 4-fold.
ArmInfo. According to the results of the first quarter of 2021, 5 insurance companies out of 6 operating in the country were included in the list of 1000 large taxpayers in Armenia, as in the previous year.
ArmInfo. In Armenia, the growth of CMPTL E-policy sales continues to slow down in 2021 , to 66.1% in the first quarter from 3.2 times in the same period in 2020. According to the Armenian Motor Insurers ' Bureau, the number of CMPTL contracts concluded online reached 41,493 in the first quarter of 2021. Their share in the total number of CMPTL contracts increased in the first quarter of 2021 to 19% from 11% a year earlier.
ArmInfo.The UAE company "Masdar" will build a 200 MW solar power plant in Armenia. The project cost will amount to USD 175 million. Yesterday, Acting Deputy Prime Minister of the Republic of Armenia Tigran Avinyan received representatives of the Masdar company, represented by the bid head of the company Mohammed Al Shehhi, whom he congratulated on the fact that the company was recognized as the winner of the project competition for the construction of a photovoltaic industrial station "AYG-1" near Talin town.
ArmInfo.The Caucasian Power Transmission Network Program,
which provides for the construction of a power transmission line and
an Armenia-Georgia substation for the organization of parallel
synchronous operation of the energy systems of the two countries,
will start working after 2025 in the best case scenario.
ArmInfo. The European Bank for Reconstruction and Development (EBRD) will provide the Air Navigation of Armenia (Armats) with a loan of 3 million euros to meet the urgent need for liquidity support.
ArmInfo. Chairman of the Board of Directors of Telecom Armenia (TM Beeline) and President of UATE (Union of Advanced Technologies Enterprises) Alexandr Yesayan took part in the Reinvent by Renderforest 2021 digital conference as the
keynote speaker.
ArmInfo.In the regions of Armenia, in April 2021, 3,088 real estate purchase and sale transactions were carried out (or 68.2% of the total number of such transactions in the republic).
ArmInfo.In the real estate market of Armenia, in April 2021, transactions for the purchase and sale of apartments in the capital decreased by 7.1% with a weak 0.5% rise in
prices. And on a y-o-y basis (compared to April 2020) a 4.7-fold
increase in the number of transactions was accompanied by a 6.2% drop
in apartment prices. This is evidenced by the data of the State
Committee of the Real Estate Cadastre.
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