ArmInfo. The inflow of transfers  from Russia to Armenia in January- May 2020 sharply accelerated the  y-o-y decline to 31% from 1.1% in the same period of 2019. And the  dynamics of the outflow of transfers from Armenia to the Russian  Federation also unfolded in the direction of the 24.4% decline,  against the 6.6% growth a year earlier. This accelerated the y-o-y  decline in the net inflow of transfers from Russia to 37.7% in  January-May 2020 from 7.8% in January-May 2019. According to the  Central Bank of Armenia, in January-May 2020, the inflow of transfers  from Russia amounted to $ 242.9 million, and the outflow to the  Russian Federation - $ 133.4 million, which formed a net inflow in  this direction at the level of $ 109.5 million.

ArmInfo.  The Support Armenia  Fund and the Ministry of Economy of Armenia will cooperate to  facilitate the restoration of micro-business. According to the press  service of the Ministry of Economy of the Republic of Armenia, on  July 10, Minister of Economy of the Republic of Armenia Tigran  Khachatryan held a video conversation with members of the initiative  group of the Fund, during which he announced the readiness of the  department to assist the targeted program to support small and medium  enterprises as a result of the fundraising organized by the Fund.

ArmInfo. RA Deputy Prime Minister  Tigran Avinyan and Executive Director of the Caucasus Nature Fund  (CNF) Geof Giacomini signed a new grant agreement in absentia.  As  part of promoting specially protected natural areas, CNF will provide  the Government of Armenia with 500 thousand euros. The grant will  mainly be aimed at financing the Dilijan National Park, the Arpi Lake  National Park, the Khosrov Forest State Reserve and the Zangezur  Biosphere Complex.

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ArmInfo.

ArmInfo.  The Armenian government  exempted Armenia Wine from customs duties on the import of  technological equipment, their components  raw materials and (or)  materials. According to the statement substantiating the draft  government decision, the exemption from customs duties is 106 million  drams.

ArmInfo. In the first half of  2020 tax revenues in Armenia decreased by 2.3% or 17.6 billion drams,  amounting to a total of 745.6 billion drams. According to the press  service of the State Revenue Committee of Armenia (SRC), of this  amount, the revenues actually collected by the tax authority amounted  to 622.2 billion drams (annual growth by 3.2%), and by customs  authorities -123.4 billion drams (annual decline by 23.1%) .

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ArmInfo. The company "Cascade  Energy" in the implementation of the project to modernize the  electrical substation "Lich" will receive the right to make purchases  from one person. The corresponding decision was made at a meeting of  the RA Government on July 9.

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ArmInfo.

ArmInfo.

ArmInfo.  Two large  international companies have submitted applications for participation  in prequalification tender for the selection of a contractor for the  construction project of the Aig-1 solar power plant. This was  announced on July 9 at a government meeting by Prime Minister Nikol  Pashinyan.

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ArmInfo.  As of today, one  application for participation in the program has been satisfied  subsidizing interest rates on preferential loans attracted by  business entities; two more applications are under consideration. On  July 9, Deputy Prime Minister Mher Grigoryan stated this at a meeting  of the RA Government.

ArmInfo. After receiving the  Operator Certificate issued by the Civil Aviation Committee of the Republic of Armenia, Fly Armenia Airways is pleased to announce the entry into the Armenian market with new profitable offers for the  Armenian public and business community.

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ArmInfo.

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ArmInfo.