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.

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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ArmInfo.

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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ArmInfo. Lydian Armenia  announced the change of the company engaged in ensuring the safety of  the Amulsar mine development project. This was said in a statement.

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ArmInfo. Over the year, Armenia  improved its position by 13 points in the ranking of The Index of  Economic Freedom of The Heritage Foundation research center, which is  held in conjunction with the business publication The Wall Street Journal.

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ArmInfo.

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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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ArmInfo.The Armenian government will provide the necessary assistance to the winemakers of the republic. The Minister of Economy of the Republic of Armenia  Tigran Khachatryan stated this at a meeting with winemakers of the  country.

ArmInfo. The Commission for Coordination of Activities to Prevent the Spread of Coronavirus in the Republic of Armenia met in the Office of Government, chaired by Prime Minister Nikol Pashinyan.