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In pandemic conditions, Armenia is trying to maintain a balance  between economic and health crises

 Monday, May 25 2020
In pandemic conditions, Armenia is trying to maintain a balance  between economic and health crises

ArmInfo. As a result of the  policy led by the government, Armenia is one of the countries in the  world with the lowest inflation rate, as well as the most stable in  terms of currency volatility and currency shocks. Prime Minister  Nikol Pashinyan stated this live on his Facebook page. He noted that  the government has tried and will continue to try to maintain a  balanced approach in terms of priorities. <We faced a choice between  economics and healthcare. At the same time, we understood that we can  no longer be closed from an economic point of view. Therefore, we  took the path of balance - not putting economic or health priorities  in the background, maintaining balance>, Pashinyan emphasized.


Economy

Tourism industry of Armenia presented its proposals to stimulate  domestic tourism

ArmInfo. The tourism industry of Armenia presented its proposals regarding the necessary measures by the state to support tourism, in particular from the point of view of reducing risks in view of the current situation related to coronavirus.

Armenia will retain a significant part of customs exemptions within  the EAEU until the end of 2020

ArmInfo.Armenia will retain a significant part of customs exemptions within the framework of the Customs Union of the countries of the Eurasian Economic Union until the end of 2020.

50 billion drams to be  allocated for implementation of long-term  development program of Armenian economy
Tachographs will become a mandatory  attribute for international  passenger and cargo transportation

Finance and banks

"Energy" - from DBank to SME’s

ArmInfo.IDBank will help to increase energy efficiency and expand the use of alternative energy.

Assets of Armenian banking system approach $ 12 billion

ArmInfo. The assets of the banking system of Armenia slowed down annual growth from 16.1% to 15.3%, amounting to 5.9 trillion drams ($ 11.7 billion) as of April 1, 2020.  According to the Express-Ranking of Banks of Armenia, prepared by ArmInfo IC, in their structure credit investments and other loans  reached 3.8 trillion drams ($ 7.5 billion), with annual growth  accelerating from 16.2% to 20.4%.

Armenian banking system increased net profit for the I quarter of  2020 by 40% per annum
The prices of precious metals registered growth after decline in  Armenia

Insurance

In Armenian insurance market corporate portfolio dominates in  premiums, while retail component dominates in reimbursements

ArmInfo.According to the results of the Q1 of 2020, the corporate component dominates in the premium insurance portfolios of Armenian insurers - 64.2% (10.2 billion drams), while the retail component accounts for 35.8% (5.7 billion  drams), against 65.8% and 34 2% respectively a year earlier. 

In Armenia, the growth of health insurance indemnities sharply  accelerated

ArmInfo.For the first quarter of 2020, Armenian insurers reimbursed 6.4 billion drams or $ 12.7 million for different classes (the figures are given from the reports of UK portfolios according to the standards of the CBA). Annual  growth in insurance claims accelerated from 4.3% to 7.1%.

Insurance indemnities in Armenia will be excluded from the list of taxable funds
Armenian insurance sector reduced tax payments to the state budget by  15.6% in the first quarter of 2020
Energy

"Ayg-1" industrial-scale solar power plant with a capacity of 200 MW  will be built in Armenia

ArmInfo.Until October 27, 2020, the results of an international tender to select a company that will build a 200-megawatt Aig-1 solar power plant of industrial importance will be summed up in Armenia.

Putin responds to Lukashenko and Pashinyan: Unified tariff for gas  transit in the EAEU can be introduced only with a single budget and  taxation

ArmInfo. A single gas transit tariff in the Eurasian Economic Union can be introduced only with a single budget and taxation. Russian President Vladimir Putin stated on May 19 during a meeting of the Supreme Eurasian Economic Council.

Armenia and Iran discussed opportunities to revitalize activities of  joint intergovernmental commission
Power Transmission Project between Iran and Armenia Underway

Technology

Armenian communication operators issued a statement regarding 5G  network

ArmInfo. The Armenian communication operators - telecommunication companies Beeline, Ucom and MTS Armenia issued a single statement regarding the 5G network.  ArmInfo was informed about this at the press service of Beeline.

Arina Arustamyan Appointed as New Commercial Director at Beeline  (Armenia)

ArmInfo.For the first time in the history of Beeline, a woman became the commercial director of the company. According to the press service of the company, for several months, the acting acting commercial director of Beeline in Armenia Arina Arustamyan was approved as the commercial director.

Armenia and Russia reached a number of agreements in the field of   high technologies and industry
1,500 companies involving 16 thousand people are involved in the  sphere of information technologies of Armenia

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


ArmInfo. The negative balance of foreign trade turnover of Armenia has decreased in January-April 2020 by 16.2% per annum, against the growth of 9.2% a year earlier.

ArmInfo.Economic activity in Armenia, in January-April 2020 has decreased by 1.7% per annum (against 7% growth a year earlier), against the backdrop of a decline  in exports and imports by 8.1% and 11.5%, respectively. According to  preliminary data of the RA Statistical Committee, in the industry  breakdown, the industrial sector, the services sector and the energy  sector showed growth, the sectors of trade and construction were in  decline, and data on the agricultural sector are published in the  statistical report only quarterly.



Exchange rates
26.05.2020
RUB6.810.05
USD483.820.82
EUR530.413.84
GBP595.637.09
CAD348.422.70
JPY44.940.10
CNY67.870.03
CHF499.712.54



Search by date

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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