Tuesday, July 7 2020 13:00
ArmInfo. The ruling "My Step" faction in Armenia nominated Hovhannes Khachatryan to the vacant post of member of the Council of the Central Bank of Armenia. As the
press service of the National Assembly of the Republic of Armenia
reports, the candidacy of Hovhannes Khachatryan will be considered at
a meeting of the NA Standing Committee on Financial- Credit and
Budgetary Affairs on July 8. The keynote speaker will be Artak
Manukyan, Deputy Chairman of the Commission. >>>
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Friday, July 3 2020 15:49
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. >>>
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Friday, July 3 2020 12:55
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. >>>
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Thursday, July 2 2020 15:58
ArmInfo. Armswissbank has successfully placed a tranche of Eurobonds in the amount of 5 million euros. According to the press service of the bank, this tranche was
issued on June 1 and, as envisaged, the initial offering ended on
July 1. >>>
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Wednesday, July 1 2020 20:25
ArmInfo.Armenian President Armen Sargsyan met with the Chairman of the Central Bank of Armenia Martyn Galstyan. >>>
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Wednesday, July 1 2020 18:43
ArmInfo. ACBA Leasing, in cooperation with Muran, within the framework of the Green Leasing sub-brand, continues to expand the possibility of acquiring electric
vehicles in Armenia. According to the press service of ACBA-Credit
Agricole Bank, within the framework of cooperation, it will be
possible to lease Nissan Leaf electric vehicles with a maturity of 5
years. >>>
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Wednesday, July 1 2020 16:36
ArmInfo. The Central Bank of Armenia predicts for 2020 a significant decrease in the inflow of private transfers by 22-25%, which, compared with the March forecast
of a decline of 16-19%, indicates a significant deterioration in
expectations. This is stated in the Central Bank's monetary policy
program for the Q2 of 2020, published on June 30, where the forecast
for Armenia's GDP for 2020 is revised downward by 4%, against a
previously projected slowdown to stagnant 0.7%. The Central Bank
causes the deterioration of the forecast for money transfers of
individuals by a significant recession in the Russian economy in the
conditions of a sharp decline in oil prices. In parallel, a temporary
ban on entry into the country, introduced by Russia as part of
measures to prevent the spread of the coronavirus pandemic, will have
a significant impact on the decline in remittances. But the CBA notes
that in contrast to previous years in 2020, the impact of the decline
in remittances on GDP decreased incomparably. >>>
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Wednesday, July 1 2020 11:57
ArmInfo. According to the updated forecast of the Central Bank of Armenia, the unemployment rate in 2020 will be 20.4%, after which, with a slow economic recovery, this indicator will annually decrease by 0.3-0.5 percentage points in the
medium term to 19.6% (against the previously expected 17.3% after a
y-o-y decline of 0.8-1.2 percentage points). This forecast is given
in the Central Bank's Monetary Policy Program for the Q2, 2020, which
noted a deterioration in the forecast for GDP for 2020 expecting a 4%
decline (against the previously expected stagnation growth of 0, 7%). >>>
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Tuesday, June 30 2020 20:51
ArmInfo. Ardshinbank's Eurobonds trading in the amount of $ 300 million (XS2080321198), which was issued by Dilijan Finance B.V. in the international capital market in January this year, started at the AMX Armenian Stock Exchange on June 30, the press service of AMX told ArmInfo, noting that these bonds are quoted on the Bbond list of the Armenian Stock Exchange. >>>
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Tuesday, June 30 2020 20:30
ArmInfo. The new forecast of the Central Bank of Armenia indicates a 4% drop in GDP in 2020 with a 5.5% increase in 2021. This is stated in the Central Bank's monetary policy program for the Q2 of 2020, published today, in connection
with which the Head of the Central Bank, Martin Galstyan, convened a
press conference. >>>
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Tuesday, June 30 2020 20:23
ArmInfo. According to the new forecast of the Central Bank of Armenia for 2020, the ratio of the state budget deficit to GDP will be 5% (against the actual 1% in
2019). As noted in the Central Bank's Monetary Policy Program for
the second quarter of this year, this level is expected in the
conditions of a deteriorated forecast for GDP for 2020 to a 4%
decline (against the actual 7.6% growth in 2019). >>>
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Tuesday, June 30 2020 15:43
ArmInfo. The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are stepping up their support for green investments and climate
resilience in Egypt, Morocco and the countries of the Eastern
Partnership (Armenia, Azerbaijan, Belarus, Georgia, Moldova and
Ukraine), the press service of EBRD reports. >>>
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Monday, June 29 2020 15:09
ArmInfo. 26 June, 2020 marked a remote launch of the program on “IT and Entrepreneurship Skill Improvement among Unemployed Population to Promote the Economic Development of Armenian Regions” implemented by Jinishian Memorial Foundation and funded by HSBC Group. The overall budget of the program is USD149,000, of which USD105,500 is provided by HSBC Group. >>>
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Friday, June 26 2020 20:45
ArmInfo.From now on, IDBank is the strategic partner of the initiative of Idram Company, “The power of 1 dram”. The program is aimed at the development of a number of fields of vital and strategic importance. >>>
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Thursday, June 25 2020 19:14
ArmInfo. Reducing the refinancing rate will not significantly affect the reduction of interest rates in the economy. A similar opinion on June 25 from the
rostrum of the National Assembly of Armenia, answering the questions
of the deputies, was expressed by the Chairman of the Central Bank of
the Republic of Armenia Martyn Galstyan. >>>
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Thursday, June 25 2020 16:53
ArmInfo. An unfavorable economic situation will lead to a decrease in the quality of the assets of the banking systems of Georgia and Armenia and a possible outflow of deposits of non-residents from Armenian banks. This was reported by IA "Finmarket", referring to a review of the international rating agency
S&P Global Ratings. >>>
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Thursday, June 25 2020 15:50
ArmInfo. ACBA-Credit Agricole Bank has signed a loan agreement with the European Bank for Reconstruction and Development (EBRD) for $ 20 million, which will be used to finance micro, small and medium-sized enterprises affected by COVID-2019. >>>
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Wednesday, June 24 2020 14:24
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Wednesday, June 24 2020 12:06
ArmInfo.All financial risks in Armenia are manageable. Deputy Minister of Finance of Armenia Armen Hayrapetyan stated this on June 24 from the rostrum of the National Assembly of the Republic of Armenia submitting an agreement with the International Monetary Fund for ratification. >>>
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Tuesday, June 23 2020 12:38
ArmInfo.The representatives of Converse Bank transferred to the graduates of Eurnekian Secondary School of the Mother See of Holy Etchmiadzin the scholarships accumulated during their studies. On an annual basis Scholarships are awarded to schoolchildren by Eduardo Eurnekian and the companies under his management in Armenia, including the Bank. Students receive the accumulated funds with Converse Bank payment cards upon their graduation from school. >>>
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Ucom becomes an apple of discord and blackmail
The license for the activities of the Armenian NPP may be extended until 2026
Armenian NPP is not satisfied with the work of Rosatom State Corporation and intends to complete the modernization program of the second power unit independently
Commercial banks and insurance companies of Armenia will have opportunity to conduct a general meeting of shareholders remotely
In 2021, Starmus International Festival will be held in Armenia for the first time
John D & Sosi Balian Foundation will allocate $ 1.65 million for construction and improvement of new building of Erebuni Archaeological Museum-Reserve