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Expert: The President, the Prime Minister and the Speaker of  Parliament should be accountable to the public on the issue of  procurement

 Friday, February 21 2020
Expert: The President, the Prime Minister and the Speaker of  Parliament should be accountable to the public on the issue of  procurement

ArmInfo. It is a shame in post-revolutionary Armenia to close information on public procurement for top officials of the state. On February 21, during the  parliamentary hearings on public procurement, Chairman of Committee  to Protect Freedom of Expression Ashot Melikyan said.


MP: In Armenia, it is necessary to radically change the vicious  practice of applying the system of public procurement from one person

ArmInfo. In Armenia, it is necessary to radically change the vicious practice of applying the system of public procurement from one person. On February 21, on the  sidelines of the parliamentary hearings in Yerevan, MP of the  National Assembly of the Republic of Armenia from the Prosperous  Armenia faction Sergey Bagratyan told reporters.

EEC: In 2019, the volume of passenger traffic by EAEU countries  increased to 38.5 billion people

ArmInfo.In 2019, the volume of passenger traffic by the countries of the Eurasian Economic Union amounted to 38 billion 458 million people. This is stated in  the report of the Eurasian Economic Commission. According to the  agency, this figure is 1.8% higher than in 2018.  Of the total,  Kazakhstan's share is 23 billion 832.1 million people, Russia's - 11  billion 705.8 million people, Belarus' - 1 billion 969.5 million  people, Kyrgyzstan's - 756.6 million people, Armenia's - 194 million  people.

For 2019 among EAEU countries the lowest inflation was recorded in  Armenia
Armenia removed from gray list of countries not cooperating with  European Union in tax matters

Finance and banks

IDBank is the first to present Visa Signature premium class card in Armenia

ArmInfo.On February 6, with the  opening of its new branch, IDBank  started a new  Banking culture. The same day the Visa Signature card was presented.

VTB Bank (Armenia) once again reduced the interest rate on mortgage  lending

ArmInfo. Once again, VTB Bank (Armenia) improved the conditions of mortgage loans by lowering interest rates and increasing the availability of real estate  acquisition for its clients.  

The branches of IDBank will work longer.
IDBanks 5 Million USD bonds are listed on the Armenian Stock Exchange


Armenian Motor Insurers` Bureau through ASWA automated the  registration of insurance claims under the Euro Protocol

ArmInfo. Armenian Motor Insurers' Bureau  continues to automate CTPL processes, this time introducing the ASWA mobile application for processing insured events  using the Euro protocol. This was reported by the press service of  the Armenian Motor Insurers' Bureau.

RA Ministry of Economy: Agricultural Risk Insurance Program to be  expanded in Armenia

ArmInfo. Agricultural risk insurance program in Armenia will be expanded. This was announced at a press conference in Yerevan on February 17 by head of the   Department of Agricultural Programs Elaboration, Resource Use and  Cooperative Development of the RA Ministry of Economy Ira Panosyan.

Arsen Torosyan to discuss in the Republic of Korea principles of  introducing health insurance 
M. Abrahamyan: Agricultural risks insurance will definitely have  positive impact on the development of agricultural sector and  agricultural lending

The list of goods and equipment purchased for the development of  renewable energy sources will be determined by the RA Government

ArmInfo.The list of goods and equipment purchased by companies for state needs in order to develop energy-saving technologies and renewable energy sources will  be determined by the RA government. The RA National Assembly at the  plenary meeting on February 13 in the first reading amended the law  "On Energy Saving and Renewable Energy Sources".

Mnatsakanyan: Armenia highly appreciates the role of the IAEA and  continuous support aimed at ensuring the highest safety standards for  the Armenian NPP

ArmInfo. As a strong supporter of the non-proliferation policy, Armenia confirms its full commitment to the Non-Proliferation Treaty and other relevant treaties, as well as to the IAEA safeguards agreements and the Additional Protocol. Speaking  at the international conference on nuclear safety ICONS2020, Armenian  Foreign Minister Zohrab Mnatsakanyan stated.

Timur Urazaev: For its part Kazakhstan has entirely completed the  agreement on petroleum products with Armenia 
MP: Armenian NPP is paid for work that has not been completed until  the end


Telcell Wallet competes with global developers, entering the top of the best applications

ArmInfo. According to Similarweb analytical service, the company developing an electronic Telcell Wallet, once again withdrew its product to the leaders in the  category.

International conference FINTECH360 to be held in Yerevan in April

ArmInfo. The international FINTECH 360 conference will be held in Yerevan on April 28-30. The conference will be held with the support of the Central Bank of Armenia,  Unistream international money transfer system. At Fintech360, the  leaders of banks, money transfer systems, payment systems, IT  companies, startups and government officials will discuss how the use  of the latest technologies will help in the development and promotion  of the business.

The number of Visa cards will soon reach 1 mln in the plastic market  of Armenia
RA President: It is necessary to join efforts to turn Armenia into an  advanced technological country

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


Armenia`s services sector increased volumes by 15% - up to $ 4.3  billion for 2019

ArmInfo. In Armenia, in 2019 the service sector increased volumes by 15%, exceeding 2  trillion drams ($ 4.3 billion), against 18.8% growth a year earlier.  In December alone, the services sector provided growth of 21% - up to  241.8 billion drams ($ 449.2 million).

In 2019 turnover of Armenian trade sector amounted to $ 6.7 billion 

ArmInfo. In 2019 the turnover of the Armenian trade sector increased by 8.9% per annum  (against 8.7% growth in 2018), amounting to 3.2 trillion drams ($ 6.7  billion). In December 2019 alone, the trade turnover in Armenia  increased by 27.7% to 386.9 billion drams ($ 809 million).

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10 billion

Volume of T-bills for placement

200 million

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200 million

Volume of satisfied bids

200 million

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Объем (инвал.)

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0бъем (драм)

96 400 000