ArmInfo. ACBA-Credit Agricole Bank has signed a loan agreement with the European Bank for Reconstruction and Development (EBRD) for $ 20 million, which will be used to finance micro, small and medium-sized enterprises affected by COVID-2019.

ArmInfo.In Armenia, economic activity in January-May 2020 decreased by 3.9% per annum amid a deepening decline in exports and imports. In May this year versus May 2019, economic activity decreased by 12.8%, while in May 2020 alone, it demonstrated an increase of 13.3%. A year earlier, during the same  periods, economic activity recorded growth: in January-May 2019,  versus the same period of 2018, by 7.3%, the same indicator was  recorded in May 2019 compared to May 2018, and in May alone- by 8.4%.

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ArmInfo.At an extraordinary meeting on June 24, the Armenian parliament ratified the agreement of the Republic of Armenia with the International Monetary Fund (IMF) on raising a loan of $ 280 million to fight COVID-19.

ArmInfo.Yeremyan Projects in Jermuk has opened a new breeding cattle farm, as a result of which high-quality dairy and meat products of the Yeremyan Products brand will appear on the Armenian market. According to the CEO of the  company, David Eremyan, in total, the implementation of the program  required investments in the amount of $ 7-8 million, of which $ 600  thousand accounted for state subsidies.

ArmInfo. The German Development Bank KfW, with the co- financing of the Armenian government, has blunted the implementation of the program for the  construction of the Cape reservoir and a gravity irrigation system,  the total budget of which amounted to 60 million euros.

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ArmInfo. The processes around Gagik Tsarukyan are part of the struggle of Nikol Pashinyan's government with the oligarchy rooted in our country over the years.  This is one of the next stages in the overall recovery of the  economy, former Chairman of the Central Bank of Armenia, economist  Bagrat Asatryan expressed a similar opinion to ArmInfo.

ArmInfo.All financial risks in Armenia are manageable.  Deputy Minister of Finance of Armenia Armen Hayrapetyan stated this on June 24 from the rostrum of the National Assembly of the Republic of Armenia submitting an agreement with the International Monetary Fund for ratification.

ArmInfo.. The Armenian economy is on upward trajectory, Prime Minister Nikol Pashinyan said during a live broadcast from his Facebook page on June 23, referring to the final income tax reports for May of this year, submitted to the State Revenue Committee.

ArmInfo.The twentieth meeting of the Armenian-Russian intergovernmental commission on economic cooperation will be held in Armenia in the second half of 2020. A similar agreement was reached following a video meeting of the  co-chairmen of the Armenian- Russian intergovernmental commission for  economic cooperation - deputy prime ministers of the Republic of  Armenia and the Russian Federation - Mher Grigoryan and Alexey  Overchuk.

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