ArmInfo.

ArmInfo.The goal of Armswissbank is to establish a production in Armenia that will be  stable and competitive in international markets. Executive Director  of Armswissbank Gevorg Machanyan stated this in an interview with  ArmInfo correspondent.

ArmInfo.

ArmInfo. In 2020, the European Bank for Reconstruction and Development (EBRD) implemented programs in Armenia in a total volume of 160 million euros.  Head of  EBRD Armenia Office Dimitri Gvindadze stated this, answering the  question of an ArmInfo correspondent.

ArmInfo. On September 2, the Armenian government satisfied the application of "Normed" LLC for exemption from import customs duties on imported technological  equipment, their components and components for them, raw materials  and materials imported within the framework of the investment program  implemented in the priority sector.

ArmInfo.

ArmInfo. The European Bank for Reconstruction and Development (EBRD) and ARMSWISSBANK have signed two new loan agreements totalling USD 8 million under the SME Competitiveness Programme in Eastern Partnership that is supported by  the European Union (EU) ("SME Competitiveness Programme") and Green  Economy Financing Facility in Armenia Phase ll Energy Efficiency  Program ("GEFF in Armenia") supported by the Green Climate Fund  (GCF).

ArmInfo.On September 2, the Armenian government revised the conditions for granting state-subsidized loans for the purchase of grapes at a Cabinet  meeting.

ArmInfo. The Public Services Regulatory Commission of Armenia (PSRC) gave its positive opinion on the transfer of 100% of shares of Electric Networks of  Armenia (ENA) CJSC, owned by Liormand Holding Ltd (30%), Tashir  Capital CJSC (70 %) in favor of the European Bank for Reconstruction  and Development (EBRD), the Asian Development Bank (ADB) and the  International Finance Corporation (IFC).

ArmInfo. The confirmation of the "Ba3" rating by Moody's is a very powerful message for international investors, as it confirms the stable outlook for  economic growth in Armenia, as well as the favorable background of  the government's investment policy. RA Minister of Finance Tigran  Khachatryan stated this at a government session on September 2.

ArmInfo. Moody's Investors Service ("Moody's") has today affirmed the Government of Armenia's Ba3 local and foreign currency long-term issuer ratings and foreign  currency senior unsecured rating. The outlook remains stable, the  relevant statement is published on Moody's website.

ArmInfo. Minister of Territorial Administration  and Infrastructures Gnel Sanosyan invited British investors to  implement infrastructure projects in Armenia. The head of the  department said this at a today's meeting with the British Ambassador  to Armenia John Gallagher.

ArmInfo. As a result of cooperation between the Center for Creative Technologies of TUMO and Beeline, for the second year in a row, leading international  specialists visit Armenia, who create exceptional educational  opportunities for TUMO students.

ArmInfo.

ArmInfo.Deputy Prime Minister Suren Papikyan (temporarily replacing the RA Prime Minister) sent the Deputy Minister of Economy of Armenia Narek Mkrtchyan to the United Arab Emirates (Dubai).

ArmInfo. Armenia's gross international reserves increased over 7 months of 2021 by 17.7% or by $ 463.1 million, amounting to $ 3.079 billion, as evidenced by the  data of the Central Bank of Armenia. Of these, the lion's share - $  3.073 billion - falls on foreign assets in hard currency, and the  share of SDR in the IMF amounted to $ 5.2 million. According to the  regulator's report, for 7 months of this year foreign assets in hard  currency increased by 17.9%, while the share of SDR in the IMF  decreased by 42.1%.

ArmInfo.The Armenian National Interests Fund (ANIF) and the largest low-cost air carrier in the Middle East and North Africa Air Arabia announced today the  name of their joint venture, which will become the national air  carrier of Armenia.

ArmInfo.Converse Bank sends greetings on Knowledge and Education Day and presents a remarkable educational initiative - the Argentinean Center by the Linguistic University after Bryussov.

ArmInfo.

ArmInfo. Within the framework of the program "Improving the seismic resistance of schools", an active process of construction of 14 schools is underway in Armenia.  The program is implemented by the Territorial Development Fund financed by the Armenian government and the Asian Development Bank (ADB).