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ArmInfo. Insurance indemnities in Armenia will be excluded from the list of taxable funds. The RA National Assembly at its plenary meeting on May 6 in the second and final reading amended the Tax Code.

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ArmInfo. In the first 4 months of this year, the South Caucasus Railway company transported 974.1 thousand tons of cargo, which is 8.4% more than the same period in 2019.

ArmInfo. After ratification of the agreement on freedom of goods, services and investments between Singapore and the RA, Armenia will be able to take advantage of privileges so far only in terms of services. This was announced by  the Deputy Minister of Economy of the Republic of Armenia Varos  Simonyan during a meeting of the RA NA Standing Committee on Regional  Integration and Eurasian Integration.

ArmInfo. World Bank (WB) forecasts for Armenia's GDP for 2020 look better than those for its neighboring countries and EAEU. According to the WB economic report "Combating COVID-19. Economic Perspective in the Europe and Central Asia Region"  (Fighting Covid- 19. ECA Economic update), in 2020 in Armenia GDP  growth will reach 1.7% (according to the baseline scenario) , while  in Georgia GDP is expected to grow by 0.1%, in Turkey - GDP growth by  0.5%, and in Azerbaijan GDP is projected to decline by 0.2%.

ArmInfo. Armenia applied to the  Eurasian Fund for Stabilization and Development (EFSD) for an  anti-crisis grant. This was announced on May 4 by the Deputy Minister  of Economy of the Republic of Armenia Varos Simonyan during the  meeting of the RA NA Standing Committee on Regional and Eurasian  Integration Affairs.

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ArmInfo.  With the exception of a  general approach to help mitigate the socio-economic consequences of  coronavirus, in particular revising loan maturities and government  support measures, ACBA-Credit Agricole Bank discusses other support  programs for the most vulnerable groups of customers, which is the  Bank's internal approach. This was stated by Hakob Andreasyan, CEO of  the Bank.

ArmInfo.By April 1, 2020 the share of non-cash card transactions reached 30% of the total volume of plastic transactions in Armenia.

ArmInfo.Ardshinbank’s placement of US$300 million Eurobonds in the international capital marketswas selected as the most outstanding in its category in Europe and was recognized as Deal of the Year by The Banker, a leading global business magazine and part of the Financial Times Group.