ArmInfo.  The Armenian economy loses  about $ 40 million a day, and only 80 billion drams ($ 170 million)  was poured into the country's economy. MP from the Prosperous Armenia  Partry (PAP), economist Mikayel Melkumyan, stated this during  briefings. The MP noted that it will be extremely difficult to  restore this difference. Melkumyan did not explain, meanwhile, where  did he get such an assessment.

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ArmInfo. In the first quarter of  2020, the Armenian trade sector slowed down y-o-y growth from 10.1%  (for the same period of 2019) to 0.2% this year, amounting to 657.5  billion AMD ($ 1.4 billion). The dynamics was due to the wholesale  turn from growth to decline and a slowdown in retail trade. This is  evidenced by the data of the RA Statistical Committee.

ArmInfo."HSBC Bank Armenia" CJSC (HSBC Armenia) will donate 150 sets of computer workstations to students in socially vulnerable communities in Armenia to support their remote learning needs amidst COVID-19 and beyond. The workstations will be given to HSBC Armenia's charity partner Jinishian Memorial Foundation, which will help identify and select the final beneficiaries and distribute the workstations to them.

ArmInfo. After a long term break, regular cargo transportation will be carried out at  "Zvartnots" International Airport, the Airport's press service stated on Facebook.

ArmInfo. On May 12, Minister of Territorial Administration and Infrastructures of Armenia Suren Papikyan had a telephone conversation with Chinese Ambassador to RA  Tian Erlun.

ArmInfo.Precious metals in Armenia continue to get cheaper, while gold prices managed to break the bullish trend. So, this week, prices for precious metals have  accelerated the pace of the weekly decline from 0.7% to 1.5%. 

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ArmInfo.Ardshinbank has received the Best Bank in Armenia 2020 award from Global Finance magazine. This prestigious award affirms the Bank's outstanding digital channels, innovative business approach and strong financial performance.

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ArmInfo. The Council of the Central Bank of Armenia decided to reduce the capital adequacy ratio of banks (N1 / 1 - the minimum ratio of fixed capital to risk-weighted assets - Ed.) By one percentage point - to 9%. The current standard for  total capital adequacy (N1 / 2 - the ratio of total capital to  risk-weighted assets) is maintained at the level of at least 12%.

ArmInfo. The state will direct 50 million drams on the development of business plans for 50 unemployed citizens - beneficiaries of the small business assistance  program of the State Employment Agency of the Ministry of Labor and  Social Affairs of the Republic of Armenia.

ArmInfo.During this period, in case of non-fulfillment or partial fulfillment of the regular loan repayments, the loan will not be classified, will not be considered overdue, penalties, fines will not be applied, the credit history will not suffer.

ArmInfo. Revenues of the communication sphere of Armenia in the first quarter of 2020 amounted to 34.8 billion drams ($ 72.2 million), decreasing by 1.2% year on  year, against the 2.3% growth a year earlier.

ArmInfo.The volume of cargo transportation in Armenia in the I quarter of 2020 increased by 2.6% compared to the same period of the previous year - up to 2927.3  thousand tons, against the decline by 60.3% a year earlier. Of these,  1,592.8 thousand tons (54.4% of the total) accounted for road  transport, which decreased by 4.8%, against a decline of 72.2% a year  earlier. This is stated in the report of the Statistical Committee of  the Republic of Armenia.

ArmInfo. 35 criminal cases on violations and abuses during the execution of land sublease to telecommunication operators were instituted and accepted into  production.

ArmInfo. The regular meeting was  held in the government of Armenia under the chairmanship of the Prime  Minister of the Republic of Armenia Nikol Pashinyan, dedicated to the proposals on revising the system of taxation of real estate.   According to the press service of the government, the proposals  concerned property tax rates, in particular apartments, public,  industrial areas, garages, and undeveloped land plots. In addition,  the methodology for assessing property and territories, the possible  consequences of changes in rates were touched upon.

ArmInfo. Given the current  state of emergency of Covid-19 and the needs of vulnerable producers  for small-scale agricultural machinery, the European Union and the  Austrian Development Agency within the EU Green Agriculture  Initiative in Armenia (EU-GAIA) project, will provide small-scale  tillage machines (motoblocks) to the communities of Shirak, Tavush  and Lori regions. 

ArmInfo. Converse Bank’s new Mobile application allows you to make domestic and international money transfers by following just a few simple steps. Mobile transfers can be performed with  passport/ID data, Card2Card transfers to payment cards of foreign banks, SWIFT transfers, other. Accordingly, the transfer options can be easily accommodated to your needs even with limited information about the recipient.

ArmInfo.As part of the joint program of ACBA-Credit Agricole Bank and NABU (German Conservation and Biodiversity Union), "Darman" tea, produced in the Tavush region, received a certificate of organic production. According to the press  service of the ACBA-Credit Agricole bank, the producer of organic  <Darman> tea Gnel Nazanyan is already exporting his production to the  markets of the Russian Federation, the USA and France.