ArmInfo.Fitch is revising the outlook on the ratings of Armenian banks towards "Negative", following the same worsening outlook on the sovereign rating of  Armenia. This was reported by Fitch in a report published on April  16.

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ArmInfo. The Prime Minister of Armenia Nikol Pashinyan was presented the progress and results of the 13 packages of anti-crisis measures being developed by the Government of the Republic of Armenia to mitigate the social and economic  consequences of coronavirus.

ArmInfo. In no case should you freeze incoming and accumulated funds in pension funds. A similar opinion from the rostrum of the National Assembly of the Republic of  Armenia on April 16 was expressed by the candidate for the post of  head of the Central Bank of Armenia Martin Galstyan.

ArmInfo.We should not talk about the weakening of bank secrecy when there are de facto filters and a framework providing for clear legal regulation of the issue.  This was announced on April 16 by Martin Galstyan, candidate for the  post of Chairman of the Central Bank of the Republic of Armenia,  emphasizing in this vein that he sees no threats to the stability of  the financial system.

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ArmInfo.Ara Khachatryan was appointed as the new General Director of one of the leading telecommunication companies of Armenia - Ucom. According to the  company's press service, this decision was made on April 14 at an  extraordinary meeting of the Board of Governors convened urgently in  connection with the resignation of the former director Hayk Yesayan.

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ArmInfo.The previous forecast of the Central Bank on GDP growth was voiced based on the solution of issues relevant at that time. On April 16, Martin Galstyan, candidate  for the post of chairman of the Central Bank of Armenia, said this  the National Assembly of the Republic of Armenia.

ArmInfo. Martin Galstyan as a candidate for the post of chairman of the Central Bank of Armenia delivered his first speech at the National Assembly of the Republic  of Armenia. Galstyan's candidacy was proposed by the ruling "My Step"  faction.  In his speech, he emphasized that today's reality is  unprecedented in the modern era of the history of mankind. The  governments of all countries, as noted by Galstyan, today are doing  everything possible to save lives, not stopping at huge economic  losses.

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ArmInfo. The list of beneficiaries of the 3-package of measures to overcome the  consequences of the COVID-19 pandemic in Armenia will be expanded.  The decision on this was made at a meeting of the RA Government on  April 16.

ArmInfo. About 85 thousand beneficiaries of the family allowance program will receive additional assistance. At a meeting on April 16, the Armenian government  approved the 13th program of anti-crisis measures to overcome the  socio-economic difficulties caused by the coronavirus epidemic.

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ArmInfo.  In the current  circumstances due to the coronavirus, banks are ready to act as  intermediaries between the government and the population, providing  their support to jointly overcome the difficulties that have arisen.  Thus, banks will help not only to cope with a difficult situation,  but will also further contribute to the development of such sectors  of the economy as SMEs and agriculture. This was stated by Executive  Director of the Union of Banks of Armenia (UBA) Seyran Sargsyan  referring to the work carried out by the system and state programs to  neutralize the economic consequences of the coronavirus (COVID-19).