ArmInfo.

ArmInfo.The Central Bank of Armenia has once again reduced the refinancing rate by 0.25 percentage points to 5%. As the Central Bank of Armenia press service  told ArmInfo, this decision was made at the April meeting of the  Central Bank Board.

ArmInfo. I am deeply convinced that the law "On Bank Secrecy" is necessary for our country. First of all, in view of the fact that this law is an additional guarantee of  attracting investments, and in the existing conditions it is also a  guarantee of preventing the outflow of funds from banks, former  Chairman of the Central Bank of Armenia, economist Bagrat Asatryan  expressed a similar opinion to ArmInfo.  

ArmInfo. International financial organizations intend to deepen cooperation with Armenia within the framework of their assistance instruments.

ArmInfo.

ArmInfo.The Ministry of Labor and Social Affairs initiated amendments to the Labor Code of the Republic of Armenia and the Code of Administrative Offenses of the  Republic of Armenia, which are aimed at simplifying legal relations  between the employer and the employee, clarifying the rules of the  game, in particular in the context of the spread of coronavirus. 

ArmInfo.As of April 27, commercial banks and credit companies of Armenia provided loan repayment holidays to 470 thousand individuals and 14.6 thousand  legal entities.  ArmInfo was informed about this in the press service  of the Union of Banks of Armenia.

ArmInfo.Ameriabank announced the  public offering of two issues of registered, coupon and  non-documentary bonds with emission volumes of 5 billion drams and $  10 million from April 28, ArmInfo was informed in the press service  of the bank, noting that it was planned to complete the placement of  these issues on July 3.

ArmInfo.

ArmInfo.Gurgen Khachatryan, co-founder of Galaxy Group, chairman of the board of directors at Ucom, issued a statement today accusing senior officials of trying to  force the owners to alienate the company. ArmInfo presents the main  points of the letter without changing its style.

ArmInfo.According to the IMF forecast, the decline in GDP in 2020 will be more significant in the countries neighboring with Armenia. Namely, in Georgia GDP is  expected to fall by 4%, in Azerbaijan - by 2.2%, in Iran - by 6%, in  Turkey - by 5%. In Armenia, GDP is projected to fall by 1.5%.

ArmInfo.In September 2020, Armenia will have to repay the last tranche of Eurobonds of the year2013. On April 28, Minister of Finance of the Republic of Armenia  Atom Janjughazyan stated this from the rostrum of the National  Assembly of the Republic of Armenia while presenting amendments to  the Law "On the State Budget of 2020".

ArmInfo.Taking into account the fact that coronavirus infection is especially dangerous for the seniors, pensioners no longer have to visit the Bank to receive their pension cards.

ArmInfo. The impossibility of reaching an agreement in accordance with our interests around any transaction cannot be the reason for bargaining on the sovereignty of  Armenia, member of the My Step parliamentary faction Hayk Gevorgyan  expressed a similar opinion to ArmInfo, commenting on the possibility  of raising gas prices in the country.  

ArmInfo.Unfortunately, in a crisis situation, when you solve one issue, another immediately arises and a peculiar chain develops, Prime Minister of Armenia Nikol Pashinyan said on the air on Facebook.

ArmInfo. In 2020, the Armenian  government predicts a negative economic growth of 2% and a budget  deficit of up to 5% of GDP. RA Minister of Finance Atom Janjughazyan  announced on April 28 from the rostrum of the National Assembly  introducing amendments to the budget for 2020, dictated by the  uncertainty caused by the COVID-19 pandemic.

ArmInfo.The World Bank continues to be one of Armenia's key partners.  RA Deputy Prime Minister Mher Grigoryan stated yesterday during a video - conference  with the newly appointed WB Vice President for Europe and Central  Asia Anna Bjerde.

ArmInfo.

ArmInfo.. Georgia lifted the ban on the entry into the country of small trucks from Armenia.

ArmInfo.