EBRD to provide Air Navigation of Armenia with EUR 3 million

 Friday, June 11 2021 15:21:00
EBRD to provide Air Navigation of Armenia with EUR 3 million

ArmInfo. The European Bank for Reconstruction and Development (EBRD) will provide the Air Navigation of Armenia (Armats) with a loan of 3 million euros to meet the urgent need for liquidity support.

Head of Telecom Armenia shared his success story at Reinvent by  Renderforest conference
 Tuesday, June 8 2021 12:53

ArmInfo. Chairman of the Board of Directors of Telecom Armenia (TM Beeline) and President of UATE (Union of Advanced Technologies Enterprises)  Alexandr  Yesayan took part in the Reinvent by Renderforest 2021 digital conference as the  keynote speaker.

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Telecom Armenia will increase the bandwidth of the Internet supplied  to Iraqi Kurdistan
 Monday, May 17 2021 17:31

ArmInfo.Telecom Armenia (TM Beeline) will increase the bandwidth of the Internet supplied to Iraqi Kurdistan. This became known after the meeting of the General  Director of Telecom Armenia Hayk Yesayan with the Deputy Prime  Minister of the regional government of Iraqi Kurdistan Qubad  Talabani.

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Pashinyan visited the innovative town of Innopolis in Kazan
 Friday, April 30 2021 18:55

ArmInfo.Acting Prime Minister of Armenia Nikol  Pashinyan, within the framework of his visit to Kazan, where a  face-to-face meeting of the Eurasian Intergovernmental Council took  place, today visited the innovative town of Innopolis.

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Armenian government and IFC discussed prospects for development of  cooperation in the field of high energy technologies and  digitalization
 Tuesday, April 27 2021 21:17

ArmInfo. The Armenian government and the International Finance Corporation (IFC) discussed the prospects for developing cooperation in the field of high  technologies, energy and digitalization.

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Russia invited Armenia to expand cooperation in the design and  development of space technologies
 Tuesday, April 27 2021 21:02

ArmInfo. Russia sees prospects in expanding cooperation with Armenia in the framework of the design and development of space technologies. A similar proposal was made by  Dmitry Rogozin, Director General of the Roscosmos State Corporation,  during a meeting with the Secretary of the Security Council of the  Republic of Armenia, Armen Grigoryan.  

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EU sees opportunities to strengthen partnership with the Ministry of  High-Tech Industry of Armenia
 Tuesday, April 20 2021 18:03

ArmInfo. Previous effective cooperation can form the basis for strengthening further  partnerships. This was announced during the online meeting of the EU  Ambassador Extraordinary and Plenipotentiary to Armenia Andrea  Wiktorin and the Minister of High-Tech Industry (HTI) of Armenia Hayk  Chobanyan.

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Chobanyan, Aivazian and Kerobyan are ready to join efforts to promote  "Engineering City"
 Monday, April 19 2021 21:00

ArmInfo. RA Minister of High-Tech Industry (HTI) Hayk Chobanyan, Foreign Minister Ara  Aivazian and Minister of Economy Vahan Kerobyan visited "Engineering City" today.

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The four telecom operators of Armenia in the first quarter of 2021  reduced tax payments to the state treasury by 8.6% per annum
 Monday, April 19 2021 12:47

ArmInfo. The four telecom operators of Armenia reduced tax payments to the state treasury in the first quarter of 2021 by 8.6% per annum-up to 7.4 billion drams.   In particular, 23.2 million drams were paid for customs duties in the  reporting period, 1.8 billion drams for direct taxes (including  income tax, income tax), and 3.6 billion drams for indirect taxes  (including VAT, excise tax). This is evidenced by the list of the  largest taxpayers of Armenia published by the State Revenue Committee  of the Republic of Armenia.

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Telecom Armenia summed up the results of the project 
 Wednesday, March 31 2021 18:56

ArmInfo. Telecom Armenia (TM Beeline) together with the Armenian office of the British Council and the Ministry of Education, Science, Culture and Sports have summed up the results of the pilot project "Coding Skills: Linking the Present  and the Future".  

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Armenia and Iraq are considering cooperation in the field of  military-industrial complex and high technology
 Friday, March 26 2021 11:56

ArmInfo.Armenia and Iraq are considering cooperation opportunities in the field of  military-industrial complex and high technology. This was aware of  this on the basis of the meeting of the Minister of High-tech  Industry of Armenia Achopa Arshakyan and Iraqi  Minister of Defense  Jumaa Anad Saadoun.

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In the next 5 years in Armenia there will be a need for at least 20  thousand specialists in the field of high technologies
 Thursday, March 25 2021 11:43

ArmInfo.In the next 5 years in Armenia there will be a need for at least 20 thousand specialists in the field of high technologies. Minister of High-Tech Industry  Hakob Arshakyan wrote about this on his Facebook page.

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Another major company on-line development will be launched  in  Armenia
 Tuesday, March 23 2021 12:45

ArmInfo.Another major and online online game development companies will soon appear in Armenia.  Swedish developer of  online casinos, a  company of  Evolution stated the   intention rto open its representative office. The Minister of Economy of the  country Wagan Kerobyan reported on his page in Facebook.

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Production of ozone generators for air purification launched in  Armenia
 Wednesday, March 17 2021 17:56

ArmInfo.Armenia is preparing for exporting the first batch of ozone generation devices developed by domestic manufacturers intended for purification of premises. The units are designed and manufactured at the production base of the ''Ozone Air''  enterprise.

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Ministry of High Technologies of Armenia presented the electronic  warfare "X-100"
 Wednesday, March 3 2021 12:34

ArmInfo. The Ministry of High Technologies of Armenia presented the Armenian radio-electronic warfare (REW) satellite positioning "X-100" system.

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Telecom Armenia starts construction of the most advanced NGN fiber-optic network in Yerevan
 Wednesday, February 24 2021 19:00

ArmInfo. One of the fastest internet networks in the world will appear in Yerevan. Telecommunication company Telecom Armenia (TM Beeline) announced the start of work on the construction of the most advanced fiber-optic network in the region - Next Generation Network (NGN).

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Delegation of Armenia to take part in the international exhibition  IDEX 2021 in Abu Dhabi
 Friday, February 19 2021 11:18

ArmInfo.The Armenian delegation headed by the Minister of High-Tech Industry Hakob Arshakyan will take part in the International Defense Conference &  Exhibition, which will be held in the capital of the United Arab  Emirates - Abu Dhabi from February 21 to 25. RA Prime Minister Nikol  Pashinyan signed a decision on February 19 to send an Armenian  delegation to Abu Dhabi, the press service of the RA government said.

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Haypost has registered a new company of iNovation, which will  develop software solutions
 Wednesday, February 17 2021 15:11

ArmInfo.The national postal operator of Armenia, the state- owned company "Haypost" CJSC, recently registered a new company, iNovation. This is stated in the  official message of "Haypost".

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Government approves the provision of grants to IT companies working  on the creation of products within the 17th package of anti-crisis  measures
 Thursday, February 11 2021 17:02

ArmInfo.As part of the 17th package of anti-crisis measures presented by the government in early September 2020, 64 of 330 companies working on the creation of  their own product will be awarded grants. A similar decision was made  on February 11 at a meeting of the Armenian government.

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Armenia`s high-tech industry ensures double-digit growth in 2020
 Tuesday, February 9 2021 15:06

ArmInfo. Despite certain obstacles caused by the coronavirus pandemic and the outbreak of hostilities in Artsakh, the Ministry of High-Tech Industry of Armenia  in 2020 implemented a number of programs planned under the strategy,  ensuring double-digit growth rates.  Minister of High-Tech Industry  of Armenia Hakob Arshakyan stated this during a press conference on  February 9.

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UEICT intends to get involved in educational programs of Ministry of  High-Tech Industry
 Wednesday, January 27 2021 14:17

ArmInfo.The Union  of  Employers  of  Information  and Communication Technologies (UE ICT) intends to get involved in the educational programs of the Ministry  of High-Tech Industry.

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News
Forecast: The economic consequences of the war for Armenia are still  aheadForecast: The economic consequences of the war for Armenia are still  ahead
$ 3 billion will be allocated from the state budget for the 4th  tranche of the North-South road$ 3 billion will be allocated from the state budget for the 4th  tranche of the North-South road
EBRD to provide Air Navigation of Armenia with EUR 3 millionEBRD to provide Air Navigation of Armenia with EUR 3 million
Head of the Audit Chamber of Armenia presented facts of abuses in the  field of road constructionHead of the Audit Chamber of Armenia presented facts of abuses in the  field of road construction
S&P revised the outlook on Ameriabank to ``Stable`` S&P revised the outlook on Ameriabank to ``Stable`` 
Armenia`s international reserves increased by 11.3% per annum by June  2021Armenia`s international reserves increased by 11.3% per annum by June  2021
Central Bank of Armenia: Net inflow of transfers from individuals  grew in Jan-April 2021 by 80% per annumCentral Bank of Armenia: Net inflow of transfers from individuals  grew in Jan-April 2021 by 80% per annum
Armenia will be among the nominees for World Travel AwardsArmenia will be among the nominees for World Travel Awards
Armenia and Iran intend to expand cooperation in a number of economic  areasArmenia and Iran intend to expand cooperation in a number of economic  areas
Ministry of Finance: Three quarters of Armenia`s public debt is in  foreign currency, which creates additional risks in connection with  the management of public debt Ministry of Finance: Three quarters of Armenia`s public debt is in  foreign currency, which creates additional risks in connection with  the management of public debt 
World Bank`s forecast for GDP growth in Armenia has not changed: 3.4%  in 2021, accelerating to 4.3% in 2022World Bank`s forecast for GDP growth in Armenia has not changed: 3.4%  in 2021, accelerating to 4.3% in 2022
CBA initiative to create a centralized register of bank accounts of  individuals was approved by relevant parliamentary committeeCBA initiative to create a centralized register of bank accounts of  individuals was approved by relevant parliamentary committee
RUSAL`s foil-rolling mills to join AL +RUSAL`s foil-rolling mills to join AL +
AraratBank raises USD 14.5 m arranged by Symbiotics AraratBank raises USD 14.5 m arranged by Symbiotics
UAE UAE "Masdar" company to build a solar power plant in Armenia with a  capacity of 200 MW
EDB is ready to consider integration projects in the region  EDB is ready to consider integration projects in the region  
Customer base of Armenian banks increased by 6% per annum by April,  and accounts  - by 4.3%Customer base of Armenian banks increased by 6% per annum by April,  and accounts  - by 4.3%
Head of Telecom Armenia shared his success story at Reinvent by  Renderforest conferenceHead of Telecom Armenia shared his success story at Reinvent by  Renderforest conference
In Armenia`s foreign trade turnover Russia and China continue to be  leaders in exports and importsIn Armenia`s foreign trade turnover Russia and China continue to be  leaders in exports and imports
Telecommunications sector revenue in Armenia growsTelecommunications sector revenue in Armenia grows
Cargo transportation in Armenia by May 2021 increased by 17.7%, with  a decline in passenger traffic by 17.4%Cargo transportation in Armenia by May 2021 increased by 17.7%, with  a decline in passenger traffic by 17.4%
The metallurgical industry of Armenia increased production by 26.9%  per annum by May 2021The metallurgical industry of Armenia increased production by 26.9%  per annum by May 2021
Armenia`s industrial sector slowly recovers from coronavirus crisisArmenia`s industrial sector slowly recovers from coronavirus crisis
Armenia`s foreign trade turnover with EU countries increased by 12.4%  per annum by May 2021Armenia`s foreign trade turnover with EU countries increased by 12.4%  per annum by May 2021
Armenia`s foreign trade turnover with  EAEU countries grew by 1.6%  per annum in January-April 2021Armenia`s foreign trade turnover with  EAEU countries grew by 1.6%  per annum in January-April 2021
Armenia`s foreign trade turnover increased by 7.2% per annum in  January-April 2021Armenia`s foreign trade turnover increased by 7.2% per annum in  January-April 2021
Armenia intends to form a national innovation system by 2025 Armenia intends to form a national innovation system by 2025
Revenue part of Yerevan budget in 2020 is fulfilled by 84.6%Revenue part of Yerevan budget in 2020 is fulfilled by 84.6%
Armenia`s public debt is approaching $ 9 billionArmenia`s public debt is approaching $ 9 billion
In 2020, subsidies from state treasury of Armenia to regional  administrations amounted to about $ 115 millionIn 2020, subsidies from state treasury of Armenia to regional  administrations amounted to about $ 115 million
Armenia`s Ministry of Finance: In 2020, the budget of the  agricultural sector was revised downwardArmenia`s Ministry of Finance: In 2020, the budget of the  agricultural sector was revised downward
Aluminum foil production volumes decreased by 3.7% per annum in  January-April 2021 in ArmeniaAluminum foil production volumes decreased by 3.7% per annum in  January-April 2021 in Armenia
Electricity generation in Armenia slows down annual growth rateElectricity generation in Armenia slows down annual growth rate
Armenian textile industry increased 3.2-fold in January-April 2021Armenian textile industry increased 3.2-fold in January-April 2021
Economic activity in Jan-April 2021 increased by 2.6% per annum in  ArmeniaEconomic activity in Jan-April 2021 increased by 2.6% per annum in  Armenia
Export of buckwheat from Russia has been temporarily bannedExport of buckwheat from Russia has been temporarily banned
At the end of June, Agarak Copper-Molybdenum Combine CJSC will switch  to completely closed cycle of water consumption ahead of scheduleAt the end of June, Agarak Copper-Molybdenum Combine CJSC will switch  to completely closed cycle of water consumption ahead of schedule
In 2020, U.S., CoE and UN donors` financial assistance to Corruption  Prevention Commission of RA exceeded state budget allocations In 2020, U.S., CoE and UN donors` financial assistance to Corruption  Prevention Commission of RA exceeded state budget allocations 
Ameriabank ready for initial public offering of shares - Managing Director, Financial Institutions for EBRDAmeriabank ready for initial public offering of shares - Managing Director, Financial Institutions for EBRD
In 2020, the parliament spent 466 million drams on bonuses, monetary  rewards and special paymentsIn 2020, the parliament spent 466 million drams on bonuses, monetary  rewards and special payments
The y-o-y inflation in Armenia in May 2021 was 5.9%, for five months  - 4.7%, with a deflation of 0.4% in May The y-o-y inflation in Armenia in May 2021 was 5.9%, for five months  - 4.7%, with a deflation of 0.4% in May 
Janjughazyan told how much the state spent on the maintenance of the  bureaucratic apparatus of ArmeniaJanjughazyan told how much the state spent on the maintenance of the  bureaucratic apparatus of Armenia
Caucasian Power Transmission Network Program will be operational  after 2025 at bestCaucasian Power Transmission Network Program will be operational  after 2025 at best
Martin Galstyan: The new forecast report of the Central Bank for 2021  is supplemented with an apocalyptic scenario, but in reality the  economy began to breathe and expectations for GDP growth will be  improvedMartin Galstyan: The new forecast report of the Central Bank for 2021  is supplemented with an apocalyptic scenario, but in reality the  economy began to breathe and expectations for GDP growth will be  improved
Armenian and Russian sides to discuss extension of service life of  Armenian NPP until 2031Armenian and Russian sides to discuss extension of service life of  Armenian NPP until 2031
Deputy Minister: Discussions are underway with Iran on the launch of  the Meghri FEZ, the issue became especially relevant after the war in  ArtsakhDeputy Minister: Discussions are underway with Iran on the launch of  the Meghri FEZ, the issue became especially relevant after the war in  Artsakh
In 2020, expenditures of Armenian Foreign Ministry amounted to  approximately $ 35 millionIn 2020, expenditures of Armenian Foreign Ministry amounted to  approximately $ 35 million
In 2020, EU allocated 68.7 million euros to Armenia for budget  assistance In 2020, EU allocated 68.7 million euros to Armenia for budget  assistance 
The company of the former Deputy Energy Minister and the son of the former Prime Minister of Armenia received another tax benefit from the governmentThe company of the former Deputy Energy Minister and the son of the former Prime Minister of Armenia received another tax benefit from the government
Ardshinbank invited children to the cinema on International Children’s DayArdshinbank invited children to the cinema on International Children’s Day
IFC’s New Partnership with Evocabank, to Support Smaller Businesses, Boost Resilience and Drive Recovery in ArmeniaIFC’s New Partnership with Evocabank, to Support Smaller Businesses, Boost Resilience and Drive Recovery in Armenia
Ameriabank Announces a Contest for Bank Card DesignAmeriabank Announces a Contest for Bank Card Design
Scientists will again discuss problems and prospects for development  of geothermal energy in ArmeniaScientists will again discuss problems and prospects for development  of geothermal energy in Armenia
PSRC Head: There are no problems with the production capacity of  electricity in ArmeniaPSRC Head: There are no problems with the production capacity of  electricity in Armenia
Chairman of SCPEC: The price of butter will rise again Chairman of SCPEC: The price of butter will rise again 
Head of SCPEC: There will be no reduction in the price of gasoline Head of SCPEC: There will be no reduction in the price of gasoline 
On June 1, events were held with the financing of IDBank On June 1, events were held with the financing of IDBank
Deputy Minister of Economy: Positive impulses from Russia inspire  optimism for restoration of  tourism sector in Armenia Deputy Minister of Economy: Positive impulses from Russia inspire  optimism for restoration of  tourism sector in Armenia 
Head of State Revenue Committee of Armenia urged citizens not to try  to smuggle Turkish-made goods into the country across the state  borderHead of State Revenue Committee of Armenia urged citizens not to try  to smuggle Turkish-made goods into the country across the state  border
In period of pandemic and Artsakh war, almost 50 milion US dollars  premiums were allocated in public sector of ArmeniaIn period of pandemic and Artsakh war, almost 50 milion US dollars  premiums were allocated in public sector of Armenia
Read more


Exchange rates
11.06.2021
RUB7.240.05
USD518.61-0.67
EUR630.16-1.49
GBP733.681.60
CAD428.60-0.24
JPY47.34-0.08
CNY81.220.05
CHF578.35-0.94


Experts
Telecom Armenia: New Strategy, New Network and New HorizonsTelecom Armenia: New Strategy, New Network and New Horizons
Armenia`s restaurateurs have hardly recovered, and now they face  tougher taxesArmenia`s restaurateurs have hardly recovered, and now they face  tougher taxes
A year of fragile hopes or double-digit growth: What actually awaits  the Armenian economy in 2021 - Ashot OsipyanA year of fragile hopes or double-digit growth: What actually awaits  the Armenian economy in 2021 - Ashot Osipyan
Read more

Commented
Minister of Economy discussed with the Ambassador of Canada the  possibilities of intensifying cooperation in the financial and  economic fieldsMinister of Economy discussed with the Ambassador of Canada the  possibilities of intensifying cooperation in the financial and  economic fields
Armenian Ministry of Finance predicts budget deficit of 7.4% of GDP  for 2020Armenian Ministry of Finance predicts budget deficit of 7.4% of GDP  for 2020
Central Bank of Armenia announces bank details for donating funds to  the All-Armenian FundCentral Bank of Armenia announces bank details for donating funds to  the All-Armenian Fund
Commercial banks and insurance companies of Armenia will have  opportunity to conduct a general meeting of shareholders remotelyCommercial banks and insurance companies of Armenia will have  opportunity to conduct a general meeting of shareholders remotely

Company bonds
UCO CJSC "GLOBAL CREDIT"1
UCO CJSC "GLOBAL CREDIT"3
UCO CJSC "GLOBAL CREDIT"4
UCO CJSC "GLOBAL CREDIT"5
UCO CJSC "GLOBAL CREDIT"7
"National Mortgage Company"2A
"National Mortgage Company"2B
UCO CJSC “FINCA” 1
UCO CJSC “FINCA” 2