ArmInfo.

ArmInfo. In the Public Services Regulatory Commission (PSRC), with the participation of representatives of public organizations, discussions began on gas  tariffs proposed by Gazprom Armenia.

ArmInfo.

ArmInfo.

ArmInfo.Commercial banks of Armenia provided loan payment holidays for almost 550 thousand citizens of the country. Prime Minister Nikol Pashinyan announced  this on June 4 at a government meeting.  According to him, the matter  concerns individuals with a total volume of loans worth 682 billion  drams, of which 45 billion drams are current payouts. In addition,  17,400 business entities were granted holidays with a total volume of  loans of 647 billion drams, of which 57 billion drams - current  payments.

ArmInfo.Armenia needs to gradually replace gas with alternative energy sources. We all need to displace gas consumption from our everyday life in a natural way, former  Chairman of the Central Bank of Armenia, economist Bagrat Asatryan  expressed a similar opinion to ArmInfo.

ArmInfo.IDBank and “Armenian Leasing Company” have signed a cooperation agreement, according to which:

ArmInfo.

ArmInfo. Precious metals prices showed a decline this week, against growth a week earlier. The downward price dynamics was provoked by gold and palladium, which  turned the price vector from growth to decline. So, from June 1 to  June 7, 2020, precious metals in Armenia became cheaper by 0.7%,  against the growth of 6.2% in the previous week.

ArmInfo.

ArmInfo.Chaired by Prime Minister Nikol Pashinyan, another hearing on public agencies' performance reports was held in the Office of Government, the press  service of RA PM reports.

ArmInfo.Armenal aluminium foil-rolling mill in Yerevan (part of RUSAL) has completely switched to a closed water circulation system. As a result, the company's water consumption decreased by about 90%. This was reported by the press  service of the plant.

ArmInfo. Armswissbank's dollar-denominated bonds, the placement of which by open subscription started on June 1, sold up to $ 10 million in full. According to the  press service of the bank, it was originally planned to complete the  placement of this tranche before July 1.

ArmInfo.

ArmInfo. RA Prime Minister Nikol  Pashinyan held a remote consultation on the current situation and  development prospects in the field of civil aviation, the press  service of RA PM reports.  Armenian Civil Aviation Committee (CAC)  Head Tatevik Revazyan partook in the discussion via video link.  

ArmInfo.

ArmInfo.

ArmInfo. A substantial format  for resolving the issue related to gas prices is based on the  introduction of an excise tax on energy products. Chair of the  "LOGIKA" (NGO) Independent Research Center of Business, Economy and  Finance, a candidate of economic sciences, associate professor of YSU  and RAU Ara Karyan expressed a similar opinion at the June 3 press  conference.  At the same time, he noted due to the closure of  borders, labor migrants will not be able go to seasonal work, serious  problems should also be expected with the country's balance of  payments.  "Of course, the balance will more or less be maintained,  but its organization will change," the economist said. Karyan called  for a reconsideration of the decision to increase gas prices for  business entities, in which case negative consequences for the  Armenian economy cannot be avoided.  

ArmInfo.Dear customers, taking into consideration the pandemic situation, we strongly encourage and ask you to make use of IDBank's complete remote toolset.

ArmInfo.