Prime Minister instructed to develop a program-strategy of actions aimed at restoring the potential for economic growth Monday, June 29 2020
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 ArmInfo. The Commission for Coordination of Activities to Prevent the Spread of Coronavirus in the Republic of Armenia met in the Office of Government, chaired by Prime Minister Nikol Pashinyan. |
ArmInfo. From June 30 to July 2 an online pitching of business projects of self-employed Syrian Armenians, repatriates - residents of the SPARK program of the IRIS Business Incubator Fund was held.
ArmInfo. A temporary ban on the export from the countries of the Eurasian Economic Union (EAEU) of certain types of food products has been canceled, TASS reports.
ArmInfo.IDBank offers to move your business to online platform to use the new privileges of Internet-acquiring with profitable conditions and give an opportunity to your customers to avoid contact with cash and use your services remotely.
ArmInfo. The Eurasian Fund for Stabilization and Development (EFSD, Fund), has published a working paper "Global Financial Safety Net in Eurasia: Accessibility of Macroeconomic Stabilization Financing in Armenia, Belarus, Kyrgyzstan, and Tajikistan". The analysis is of particular importance in the context of the current crisis associated with the COVID-19 pandemic, the Official Website of Organization reports.
ArmInfo. In Armenia, sales of TPL electronic policies are growing rapidly, the share of which in the total number of TPL agreements by June 2020 increased to 13% from 4% a year earlier. According to the data of the Auto Insurers Bureau of Armenia, according to the results of January-May 2020, the number of TPL-agreements concluded in the online mode reached 45504, having increased 3 times in annual terms.
ArmInfo. The government should reinsure the risks of insurance companies participating in the agricultural insurance program. Garnik Petrosyan, former deputy minister of agriculture, candidate of agricultural sciences, expressed a similar opinion during an online press conference organized by the Club of Economic Journalists.
ArmInfo. TRANSGAS" Co.Ltd., which is part of Gazprom Armenia CJSC, will transport gas at a tariff of 7790.88 drams per 1,000 cubic meters. The decision was made at a meeting of the Public Service Regulation Commission (PSRC) on June 19.
ArmInfo. In Armenia electricity tariffs will not increase, at least until February 1, 2021. Chairman of the Commission for Regulation of Public Services (PSRC) Garegin Baghramyan announced this on June 8 in a conversation with reporters.
ArmInfo. On 1 July, Armenia became global leader for "Technology and Innovation for Gender Equality" action coalition of the UN-led Generation Equality Forum, the press service of the Armenian Foreign Ministry informs.
ArmInfo. UNDP in Armenia's ImpactAim Venture Accelerator, in cooperation with Enterprise Incubator Foundation (EIF) and ISTC - Innovative Solutions and Technologies Center Foundation, is calling Armenian and international tech ventures to apply for Climate Change Technology Accelerator (CCTA) 2020 focused on "Energy Efficiency and Renewables". The program targets the current challenges of energy efficiency and renewables sectors, such as: Artificial Intelligence (AI) for Energy Demand Management: AI for data analyzing and decision making; Passive and Smart living environments; Efficient Heating and/or Cooling Solutions: Heating and/or cooling technologies that are energy efficient and supplied from renewable sources; Hydrogen Energy; Microgrids Based on Renewable Energy; Reduction of losses in transmission and transformation systems.
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.
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.
 ArmInfo. In the first years in many years, the Armenian trade sector began to decline, which was associated with the introduction of restrictions by the Commander for emergency situations on a number of economic activities due to the spread of a new type of coronavirus. Thus, according to the RA Statistical Committee, the revenue of the Armenian trade sector in January-April 2020 decreased by 8.6% (against growth by 9.8%), amounting to 816.1 billion drams ($ 1.6 billion). The last time a decrease in trade in the Republic of Armenia was registered in January-October 2016 (0.1%). At the same time, in April 2020 alone, trade turnover in Armenia showed a decline of 29.4% (annual decline of 1.8%) to 158.5 billion drams ($ 324.4 million).  ArmInfo. Communication sector's revenues of Armenia amounted to 45.8 billion drams ($ 95 million) in January-April2020, having decreased by 2.8% year on year, against the 4.5% decline a year earlier. According to the RA Statistical Committee, of the total proceeds, the lion's share is provided by the telecommunication sector - 90.3% or 41.4 billion drams with an y-o-y decline of 3.1% (against the 8.7% decline a year earlier). |
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John D & Sosi Balian Foundation will allocate $ 1.65 million for construction and improvement of new building of Erebuni Archaeological Museum-Reserve