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In Armenia, growth rate of sales of E-CMTPL policies slows down  against background of a decrease in number of insured cars

 Saturday, January 23 2021
In Armenia, growth rate of sales of E-CMTPL policies slows down  against background of a decrease in number of insured cars

ArmInfo.In Armenia, the growth rate of sales of E-CMTPL policies is slowing down - from 3.6-fold in 2019 to 2.2-fold in 2020. According to the Bureau of Motor Insurers  of Armenia, in 2020 the number of CMTPL agreements concluded online  reached 135,452. Their share in the total number of CMTPL agreements  increased from 5% in 2019 to 15% in 2020.


Economy

SRC announces improvement of tax policy for business

ArmInfo.The State Revenue Committee (SRC) of Armenia reports on the reduction of the rate of income tax and profit tax.  In particular, according to the press  service of the SRC, by submitting a report on profit tax for 2020 by  April 20, taxpayers will apply a new, lower rate for the first time.

Minister of Economy got acquainted with the situation in the Syunik  region of Armenia

ArmInfo. Minister of Economy  of Armenia Vahan Kerobyan within the framework of a working trip to  Syunik region got acquainted with the economic situation in the  region. "The people and business of Syunik face new challenges.  Naturally, I, as the Minister of Economy, had to see the situation,  try to understand what we, the ministry, can do to help overcome the  consequences of the war and preserve the strength of the region,"  Vahan Kerobyan said quoted by the press service of the Ministry.

Regular flights from Armenia to Russia will be resumed in the coming  days
sets up a subsidiary credit company "Post Credit"

Finance and banks

Central Bank of Armenia imposed penalty on the "Finca" credit company

ArmInfo. The Central Bank of  Armenia applied a penalty in relation to the universal credit company  CJSC "Finca" ("Finca" UCO) for the sums to be returned. This is  stated in the message of the Central Bank's press service, which  states that the measure of responsibility against the Finca UCO was  applied for revealed violations of the requirements of the RA Law "On  Consumer Lending" and Regulation 8/05 "Rules of Business Conduct of  Financial Organizations". A fine in the amount of 500 thousand AMD  was imposed on Finca and corresponding instructions were given.   Clients who received consumer loans, agricultural loans (in the  amount of up to AMD 5 million), trade loans (up to AMD 5 million  provided to micro-trade organizations) from Jan 1, 2018 to July 30,  2020 from Finca, and fully fulfilled credit obligations, including  early repayments, for which the annual interest rate was not  recalculated at the time of loan repayment, can contact the company  and receive back the amounts to be returned as a result of the  recalculations made by the company. The company will return these  amounts during 2021.

IDBank is placing the first USD bonds of 2021 through a public offer

ArmInfo.On January 22 of this year, IDBank will issue bonds under the abbreviation AMANLBB2CER7. The total volume of the nominal coupon bonds of the first issue of 2021 is USD 5 million. The maturity of the bonds is 30 months, the annual coupon interest rate is 5%, and the coupons should be paid quarterly.

Ardshinbank has introduced contactless ATMs
Armenian government approves signing of a $ 7.4 million loan  agreement with the International Bank for Reconstruction and  Development

Insurance

In 2020 insurance sector of Armenia increased payments to state  budget by 43.7%

ArmInfo.The list of 1000 largest taxpayers in Armenia at the end of 2020 included 5 insurance companies out of 6 operating in the country, while a year earlier  there were only 3 in this list.

All-Armenian Fund "Hayastan" will donate $ 1.1 million to the  Military Insurance Fund

ArmInfo.The Hayastan All-Armenian Fund will transfer $ 1.1 million from the amount  transferred within the framework of the fundraising campaign "We and  Our Borders" to the Military Insurance Fund. The press service of the  Hayastan All-Armenian Fund reports.

FinRating ArmInfo: The number of contracts on tourism and cargo  transportation declines in the insurance market
The insurance sector of Armenia transferred $ 3.2 million to the  state treasury for taxes in 9 months of 2020
Energy

In the fall of 2021, it will be possible to fully use the new unit of  the Yerevan TPP with a capacity of 250 MW

ArmInfo. In the fall of 2021, it will be possible to fully use the new unit of the Yerevan  TPP with a capacity of 250 MW. This was stated by the CEO of the  Italian company "Renko" Giovanni Roubini during a meeting with Deputy  Prime Minister Tigran Avinyan.

Facility for reductive annealing of reactor of Armenian NPP is ready  for operation

ArmInfo. The activities on assembling the facility for recovery annealing of the ANPP Unit 2 reactor vessel metal have been completed.  These activities were  performed by the specialists of the Novovoronezhatomenergoremont  company of the Russian Federation.    

Minister: Despite the existing obstacles, large-scale programs and  reforms in the energy sector continue
An industrial solar power plant with a capacity of 200 megawatts to  be built in Armenia

Technology

Armenian robot Robin entered the Golden Kitty Award list as one of  the best products of 2020

ArmInfo.Armenian robot Robin, along with the famous Apple MacBook Pro, Iphone, PlayStation 5, entered the Golden Kitty Award list as one of the best products of  2020. Minister of High-tech Industry of Armenia Hakob Arshakyan  announced this on his Facebook page.

Installation of international fiber-optic communication lines from Turkmenistan to Afghanistan – on the way to the establishment of informational bridge among the countries of the world

ArmInfo.The installation of international fiber-optic communication lines and transit flows on route Ymamnazar (Turkmenistan) – Aqina (Afghanistan) and Serhetabat (Turkmenistan) - Torghundi (Afghanistan),  has also took place during the inauguration ceremony of electric power transmission line along Kerki – Sheberghan route and the 30 km long railway line between Aqina-Andkhoy stations today.

Beeline sales and service offices will work on a special schedule  during the New Year holidays
Philip Morris has invested about $ 10 million to create a research  center at the National Polytechnic University of Armenia

Real estate

In the regions of Armenia, 59% of transactions for the purchase and  sale of real estate fall on land, despite a significant decline in  activity

ArmInfo.In the regions of Armenia, in November 2020, 1,874 transactions for the purchase and sale of real estate were carried out, which is 43.7% lower than a  year ago, and 28% less than in October 2020.

In Yerevan, transactions for the purchase and sale of apartments have  significantly decreased, with a miserable decrease in prices

ArmInfo. A total of 8,654 real estate transactions were carried out in Armenia in November 2020, which is 50.4% less than a year ago, with a decline of 29.7%  over the month.

Apartment prices in Yerevan are falling, while the number of  transactions is growing
Land remains the most attractive asset in the regions of Armenia


ArmInfo."MTS Armenia" (VivaCell-MTS trademark) has become the leader among telecom operators on the list of the largest taxpayers in Armenia, rising to  the 10th position from the 14th a year earlier.

ArmInfo. The volume of total foreign investment (all types and forms of investment - ed. note) in the real sector of the Armenian economy in January-September 2020  compared to the same period of 2019 decreased by 32% (against 27.1%  growth a year earlier), amounting to $ 1.5 billion in 9 months of  2020.



Exchange rates
22.01.2021
RUB6.95-0.10
USD518.44-0.45
EUR631.101.12
GBP708.34-4.20
CAD408.32-2.94
JPY50.01-0.16
CNY80.230.03
CHF585.871.14



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


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