ArmInfo.Work is underway to create an electronic platform for assessing the  sanitary-epidemiological situation in Armenia. The Minister of  High-Tech Industry Hakob Arshakyan said this on March 17 at a press  conference in Yerevan.

ArmInfo.Most telecommunications employees switched to work remotely. The Minister of High-Tech Industry of the Republic of Armenia Hakob Arshakyan  announced this at a press conference in Yerevan on March 17.

ArmInfo.

ArmInfo.

ArmInfo.Taking into consideration the current situation in the country with the spread of the new coronavirus, and taking care of our customers, IDBank has made a decision to give an opportunity to its physical entity customers to make their credit repayments the day preferred by them in the period from March 17 to April 17. If the customers do not make the repayments within the specified period, no penalties or fines will apply, the credit will not be classified and the borrower's credit history will not suffer.

ArmInfo.In January-February 2020 the gross international reserves of Armenia decreased by 6.4%, amounting to $ 2.659 billion. This is evidenced by the data of the  Central Bank of Armenia. The lion's share of these - $ 2.655 billion,  are foreign assets in hard currency, and the share of SDR in the IMF  amounted to $ 4.1 million. According to the regulator's report,  foreign assets in hard currency for the reporting two months  decreased by 6.3%, and the share of SDR in the IMF decreased by  33.9%.  

ArmInfo. The State Revenue Committee calls on taxpayers for discipline.

ArmInfo. The Central Bank of Armenia reduced the refinancing rate from 5.5% to 5.25%. As the press service of Central Bank of Armenia told ArmInfo, this decision was  made on March 17 at a meeting of the Central Bank Board.

ArmInfo.

ArmInfo. The head of government called for calm, emphasizing that the current crisis is a  zero point from which to build a new reality, starting with the level  of social responsibility and ending with everyday habits. "Our  experience shows that the coronavirus is manageable, and can be  managed in the long run." On March 17, Prime Minister of Armenia  Nikol Pashinyan said on his Facebook live broadcast on his Facebook  page.

ArmInfo. The Central Bank of Armenia, if necessary, is ready to provide the financial system with additional liquidity both in drams and in foreign currency. Head of  the Central Bank Artur Javadyan announced on March 16 at a meeting of  the Government of the Republic of Armenia, chaired by Prime Minister  Nikol Pashinyan.

ArmInfo.Armenian Deputy Prime Minister Mher Grigoryan today participated in a meeting of the Eurasian Economic Commission's Council, which was held via  videoconference.

ArmInfo.Converse Bank, in order to avoid the spread of coronavirus and congestion in branches, decided to defer payments on loans to individuals and private  entrepreneurs until May 15 this year.

ArmInfo.As of March 16, the Central Bank of Armenia did not make any decisions on suspension of the work of branches of commercial banks of Armenia. This was  reported by the press service of the CBA.

ArmInfo. Due to the current situation and in order to avoid crowds in the branches, by decision of the Board of ARARATBANK, clients (individuals and legal entities,  private entrepreneurs) will be provided with a "credit vacation" for  a period of 2 months, starting from March 16, if desired.

ArmInfo.ACBA-Credit Agricole Bank, based on the situation of the spread of the coronavirus and worrying about its employees and customers, decided not to apply  fines and penalties in case of non-fulfillment of loan obligations by  individuals and legal entities from March 16 to April 30 inclusive  (dates may be revised).

ArmInfo.

ArmInfo.

ArmInfo.The financial system of Armenia continues to operate normally. This is stated in the official statement of the Central Bank of Armenia.

ArmInfo.Ameriabank, in view of the current situation, decided to support the most vulnerable sector of the Armenian economy, "small and medium-sized businesses  operating in the field of tourism, food service and hotel industry,  with a joint effort to overcome the temporary crisis through credit  holidays". According to the press service of the bank, "credit  holidays" for borrowers of the above segments of SMEs will start from  March 16 and provide for deferred payments on the main loan amount  for 3-6 months using an individual approach.