ArmInfo. The European Bank for Reconstruction and Development (EBRD) will provide the Air Navigation of Armenia (Armats) with a loan of 3 million euros to meet the urgent need for liquidity support.

ArmInfo.Armenia and Iran intend to expand cooperation in a number of economic areas. It became known about the achievement of such an agreement following the  meeting of Minister of Economy of Armenia Vahan Kerobyan  andAmbassador Extraordinary and Plenipotentiary of the Islamic  Republic of Iran (IRI) to the RA Abbas Badakhshan Zohouri .

ArmInfo.The UAE company "Masdar" will build a 200 MW solar  power plant in Armenia. The project cost will amount to USD 175  million. Yesterday, Acting Deputy Prime Minister of the Republic of  Armenia Tigran Avinyan received representatives of the Masdar  company, represented by the bid head of the company Mohammed Al  Shehhi, whom he congratulated on the fact that the company was  recognized as the winner of the project competition for the  construction of a photovoltaic industrial station "AYG-1" near Talin  town.

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ArmInfo. In 2020, Armenia ensured macroeconomic stability with the application of institutional approaches to fiscal and monetary policy, Acting Head of the RA  Ministry of Finance Atom Janjughazyan stated on June 1. Preliminary  discussions of the annual report "On the execution of the state  budget of the Republic of Armenia for 2020" began today in the  Armenian parliament.

ArmInfo. The Yerevan office of the EBRD invites Armenian entrepreneurs, initiators and employees of small and medium-sized business projects to become participants in the virtual free program “Find out how ... in times of crisis” by the EBRD Know-How Academy.

ArmInfo. The state program to promote the development of leasing services in Armenia will be available for business entities until December 31, 2021. This was  reported by the press service of the Ministry of Economy of Armenia.

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ArmInfo.Fitch Ratings confirmed the long-term default rating of the Emitent (EDR) of Armenia in foreign currency at the level of "B +" with a stable forecast. This  is stated in the message posts on the site.

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ArmInfo. The first round of public hearings dedicated to the reconstruction of the Kajaran-Agarak section within the framework of Tranche-4 of the construction of the North-South regional road corridor were held in the cities of Kajaran and Meghri,  Syunik region of Armenia.

ArmInfo.Armenian insurance companies registered the first results of agricultural risks insurance - for 2021. According to the quarterly Financial Rating of Insurance  Companies of Armenia, prepared by the Financial Analysis Service of  ArmInfo IC, in 2020 the country's insurers participating in the  agricultural insurance program collected premiums totaling 130,946.0  thousand drams.  

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ArmInfo.The Executive Board of the International Monetary Fund (IMF) completed the third review of the Republic of Armenia's performance under the program supported  by the Stand-By Arrangement (SBA). As the statement spread by the  Central Bank on December 14 indicates, within the program Armenia  will receive SDR 25.714 million (about US$37 million), bringing total  disbursements to SDR 231.657 million (about US$ 315 million).

ArmInfo.An International Monetary Fund (IMF) team led by Nathan Porter conducted discussions on the third review of Armenia's reform program supported by the IMF  Stand-By Arrangement (SBA). According to the IMF's press release,  discussions were held during September 2-November 16, 2020. At the  conclusion of the discussions, Mr. Porter issued the following  statement:

ArmInfo.The budget of the Ministry of Territorial Administration and Infrastructures of Armenia for 2021 will amount to 210.8 billion drams, of which 37.3 billion  will be directed to programs to finance the budget deficit.

ArmInfo. Ensuring macroeconomic stability should become the most important guarantee for attracting investments and increasing the potential of the  Armenian economy. Deputy Prime Minister Mher Grigoryan stated this on  November 2 at the discussions in the parliamentary commissions of the  draft state budget of the country in 2021.

ArmInfo.  The banking system of Armenia, amid the coronavirus pandemic, was one of the first to respond on its own initiative and take steps to support its clients,  starting from March this year providing diversified assistance to  individuals and legal entities. In cooperation with the Central Bank,  mechanisms and regulations were formed, the application of which made  it possible to apply an individual approach to borrowers, as well as  to avoid the deterioration of the credit history due to  non-fulfillment of payments by borrowers under loan agreements. This  is stated in the message of the Union of Banks of Armenia (UBA).   Loan Payment Holidays

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