ArmInfo.

ArmInfo. The Ministry of  Finance of Armenia believes that economic recovery in the republic  can be expected as early as next year. RA Minister of Finance Atom  Janjughazyan stated this on November 2, presenting the draft budget  of the RA for 2021.  In this vein, he noted that the International  Monetary Fund (IMF) is of the same opinion. As the minister noted,  the IMF expects a late recovery of economic growth in Armenia in  2021, the rates of which will be rather low. "Consequently, the GDP  growth for 2021, according to IMF experts, will be lower than the  projected indicators," Janjughazyan said.

ArmInfo. Ensuring macroeconomic stability should become the most important guarantee for attracting investments and increasing the potential of the  Armenian economy. Deputy Prime Minister Mher Grigoryan stated this on  November 2 at the discussions in the parliamentary commissions of the  draft state budget of the country in 2021.

ArmInfo.

ArmInfo.According to the results of 9 months of 2020, the corporate component dominates in the premium portfolios of Armenian insurers - 50.9% (AMD 17.2 billion),  while the retail component accounts for 49.1% (AMD 16.6 billion),  against 49.7% and 50, 3% respectively a year earlier.

ArmInfo.

ArmInfo.In December of this year, within the framework of the EAEU, the project "Work without Borders" will start, which will provide the citizens of the Union  with the opportunity to see vacant jobs in the member states, and  will allow employers to see job seekers. This was stated by Gegham  Vardanyan, Minister of the EEC for Internal Markets, Informatization  and Information and Communication Technologies.

ArmInfo.

ArmInfo.VEON (parent company of VimpelCom) announced that it had agreed to sell its business in Armenia "VEON Armenia" by Team LLC. This was reported by  Interfax with reference to the company's press service. The deal is  expected to close soon.

ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo. The ban on the import of Turkish goods to Armenia for Turkey, even if it is a "drop in the bucket", will still have an impact. Economist, former mayor of  Yerevan Vahagn Khachatryan said this at a press conference on October  28. The expert conditioned his opinion on the existing difficulties  of the Turkish economy.

ArmInfo.

ArmInfo.

ArmInfo. There is a slight decrease in deposits in the banking system of Armenia. This was announced on October 27 during a press conference by the Chairman of  the Central Bank of the Republic of Armenia Martin Galstyan, noting  that the share of reduced deposits in the structure of deposits is  scanty - about 1%.

ArmInfo.

ArmInfo.The Central Bank of Armenia did not make interventions (since May 2020 - ed. note). Chairman of the Central Bank of Armenia Martin Galstyan stated this  at a press conference on October 27.

ArmInfo.. The Central Bank of the Republic of Armenia for 2020 revised its forecast for GDP growth downward. According to the September forecast, the Regulator expected  the economy to decline at the level of 6.2% by the end of 2020,  however, at the press conference on September 27, the Chairman of the  Central Bank of Armenia Martin Galstyan noted that Armenia would end  this year with a decline in GDP by 7.2%.

ArmInfo.. At a plenary session on October 27, the Armenian Parliament ratified a draft  letter of agreement with the German bank KfW on the postponement of  the payment of tranches on a loan of 50 million euros.