ArmInfo.Russian restaurateurs hope for importing alcoholic beverages from Armenia to make up for the deficit. Russian restaurants have stored up alcoholic beverages  until early autumn. The market actors hope for parallel importing,  but the prices will be 30%-50% higher, industry representatives told  RIA Novosti. 

ArmInfo.Converse Bank launches mortgage loans with bank’s own resources while offering competitive conditions. The bank offers up to 100% financing for the purchase of real estate with a repayment period of up to 20 years.

ArmInfo. In response to the publication in the newspaper “Fact” dated July 21 of this year, entitled “Is GeoProMining blackmailing the Armenian government?”, Zangezur Copper-Molybdenum Combine CJSC considers it necessary to make the following statement:

ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo. Armenia's Deputy Minister of Economy Ani Israelyan hosted representatives of the French Development Agency.

ArmInfo. From a conceptual point of view, changes to the draft law on banking secrecy, as well as insurance and insurance activities, in which there is an actual  abandonment of the principle of bank secrecy, are unacceptable.  Lawyer Arsen Sardaryan, a member of the Mantashyants Entrepreneurs  Union, gave a similar assessment.

ArmInfo.Nikol Pashinyan held a meeting with government members on the problems of grape processing in the country. It was reported that in recent years, the volume of  brandy exports from Armenia has increased significantly, similar  trends are observed with grape wine. The volume of consumption of the  latter is also increasing in the territory of the republic.

ArmInfo.On July 21, the Government of Armenia satisfied the application of MYLER Mountain Resort on exemption from import customs duties on imported technological  equipment, their components and components, raw materials and  materials imported under the investment program implemented in the  priority area.

ArmInfo.Converse Bank offers short-term loans to SMEs in three currencies– AMD, USD and EUR at 12-month maturity max for financing short-term liquidity.

ArmInfo.After the lifting of the embargo on the supply of Turkish goods, the volume of Turkey's exports to the Armenian market increased 10-fold to $76 million.  Tatul Manaseryan, doctor of economic sciences, professor, head of the  "Alternativv" research center, announced this at a press conference.

ArmInfo.AraratBank has expanded its remittance network, undertaking a new cooperation with Fora Bank.

ArmInfo.Since the end of February, about 140 thousand citizens of Russia, Ukraine and other countries, both individuals and legal entities, have moved to  Armenia, but their impact on the country's economy may be short-term  in the absence of a clear strategy for the development of the  national economy. Tatul Manaseryan, expert, doctor of economic  sciences, professor, head of the "Alternative" research center,  stated this at a press conference.

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ArmInfo.

ArmInfo. There is a sharp increase in the import of electric vehicles in Armenia. This is  stated in the message of the Ministry of the Environment on its  Facebook page.

ArmInfo. The construction of the Rasht-Astara railway will mean a further blockade of Armenia, and nothing more. Ara Marjanyan, EU national expert on transport, told  ArmInfo.  According to him, the construction of this section of the  road, which was announced by Russian President Vladimir Putin in  Tehran, does not promise anything good for Armenia, since the use of  the North-South corridor on the left bank of the Caspian Sea will  have the most negative impact on projects in Armenia itself. 

ArmInfo.Manufacturers-exporters, providing 20% of Armenia's GDP, are going through extremely difficult times. The sharp revaluation of the dram (from 470-480 drams at the  end of February and an increase to 520 in early March with a decline  to about 400-410 drams per $ 1) became a real test for exporters of  goods and services, as well as for investors and small local  producers.

ArmInfo.The Eurasian Economic Commission (EEC) proposes to determine tariffs on the common gas market of the EAEU in accordance with the methods in force in the  member states of the Union, which will provide for non-discriminatory  and transparent mechanisms for setting tariffs on the common gas  market of the Union.