MP: Recession in Armenian economy will continue Friday, September 18 2020
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 ArmInfo.The recession in the Armenian economy will continue. On September 18 from the rostrum of the National Assembly of the Republic of Armenia the MP from the opposition "Prosperous Armenia" faction Mikael Melkumyan stated this. |
ArmInfo. The European Bank for Reconstruction and Development and the European Union will provide Armenia with 21.1 million euros for the modernization of the Meghri checkpoint bordering Iran. The RA National Assembly at its session on September 18 discusses the agreement with the Bank submitted by the government for ratification.
ArmInfo.A wine festival will be held in Moscow on September 20, in which such wine brands of Armenia as Karas, Keush, Van Ardi, Voskevaz, Kataro, Old Bridge, Alluria, Tushpa, Armenia Wine Company will participate.
ArmInfo. Warsaw Stock Exchange (WSE/GPW) intends to become the controlling shareholder of the Armenian Stock Exchange. As the press service of the Central Bank of Armenia told ArmInfo,
ArmInfo.Moody’s international rating agency has upgraded IDBank’s long-term foreign and local currency deposit ratings to B2 from B3; outlook changed to stable.
ArmInfo.The Bureau of Auto Insurers of Armenia celebrates its 10th anniversary in September. By that date, the Bureau issued a progress report and presented in figures the achievements on the main indicators. As ArmInfo was told in the press service of the Bu Armenian Motor Insurers' Bureau, the Bureau's long-term plans include membership in the international Green Card system and broad cooperation within the framework of the CIS countries. In the medium term, it is planned to liberalize insurance premiums either with the establishment of maximum and minimum thresholds, or without the need for them.
ArmInfo. In Armenia, the share of electronic CMTPL (e- CMTPL) certificates of insurance in the total number of contracts increased 3-fold by August 2020 - up to 13% from 4% a year earlier.
ArmInfo. Taking into account the catastrophic ecological state in the Yeghegis river gorge and the critical low water level in the river, an interdepartmental working group will be created in a short time on the instructions of RA Minister of Environment Romanos Petrosyan, which will deal with the problems of 17 small hydroelectric power plants located on the Yeghegis river. This was reported by the press service of the Ministry.
ArmInfo. An installation for the reduction annealing (heat treatment) of the reactor vessel metal was delivered to the Armenian NPP. The plant will be prepared for the final part of the work on extending the service life, which will take place in 2021 - the reactor will be annealed, which will return it to its original state by 80-85%.
ArmInfo.As part of the CyHub Armenia initiative, run by the Enterprise Incubator Foundation (EIF), a number of webinars will be held, one of the guests of which will be Ryan Kazanciyan an international cybersecurity expert, Facebook security engineer and technical consultant for the Mr. Robot
ArmInfo. An engineering and scientific center of applied sciences will be established in Armenia. Government
ArmInfo. In Armenia, pledged real estate transactions on mortgages increased by 66.4% in July, with a y-o-y decline of 20.7%, amounting to 411. According to the RA Real Estate Cadastre State Committee, the dominant part (66.7%) was made in Yerevan, and among the regions the most popular is Kotayk (10.2%) and least of all Vayots Dzor (0.2%). Most of the mortgage collateral transactions are made for apartments (270) and private houses (83), and only 15 - on land plots.
ArmInfo. In July 2020, in Armenia, foreigners made 299 transactions for the purchase and sale of real estate, 99 of which were acquisitions. In total, non-residents accounted for 6% of the total number of transactions registered in July.
 ArmInfo.During the period of the state of emergency declared in the country due to the outbreak of the coronavirus pandemic, Armenia significantly increased imports of wheat, barley and buckwheat.  ArmInfo.The coronavirus crisis has seriously affected the alcoholic beverages industry in Armenia - the alcohol market is experiencing a negative trend, and restrictive measures that lasted for months make it impossible to restore the former production and sales volumes. In particular, in January-July 2020, the dynamics of absolutely all alcoholic beverages produced in the country turned towards a decline, whereas a year earlier, in the same period, a significant increase was recorded. |
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