ArmInfo. The European Fund for Southeast Europe (EFSE) has extended a USD 10 million five-year facility to AraratBank for financing of micro, small and medium businesses (MSMEs) affected by the economic, social, and security challenges triggered by the Russia-Ukraine war, prioritizing those operating in crisis-relevant sectors.

ArmInfo.The technology developed by the Revalcon startup simplifies the entire irrigation process: the process is controlled by mobile and web applications.

ArmInfo. On October 3 and October 4, the 20th meeting of the interdepartmental advisory commission of the National Policy Dialogue in the water sector is  being held in Armenia. This is stated in the message of the RA  Ministry of Environment.

ArmInfo.Board members and executives of financial and non- financial corporations from Ukraine, Georgia and Armenia can from today join a new chapter of a global network  promoting the understanding and adoption of effective climate  governance. This was reported by the press service of the European  Bank for Reconstruction and Development.

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ArmInfo. Armenian Prime Minister Nikol Pashinyan received World Bank Vice President for Europe and Central Asia Anna Bjerde and the delegation headed by her.

ArmInfo.The 'Yerevan, My Love' foundation  hosted a presentation of a new instrument, jobbit, developed by  Cascade People and Business for the business community.

ArmInfo.The World Bank (WB) will issue a $26.5mln loan to Armenia. The loan agreements were signed on March 15 and 18. 

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ArmInfo.One of the most important problems facing the Armenian economy is a serious violation of the trade balance and structural imbalance of the economy.

ArmInfo. The share of the corporate component continues to prevail over the retail one in the premium portfolios of Armenian insurers in H1 2022, - 58.2% (19.7  billion drams) against 41.8% (14.1 billion drams), which is very  close to the data of a year ago - 57% against 43% respectively.  

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ArmInfo.The total net profit of insurance companies (ICs) in Armenia for H1 2022 reached 2.3 billion drams ($5.6 million), with a y-o-y  19-multifold increase, with a  quarterly decline of 13.1%, against a y-o-y decline of 2-fold and a  quarterly increase of 2.5-fold in comparable periods in 2021. 

ArmInfo.Chaired by Prime Minister Nikol Pashinyan, the work of the session of the Economic Policy Council under the Prime Minister of the Republic of Armenia was held  August 6 and 7, at the Dilijan educational and research center of the  Central Bank of Armenia.

ArmInfo. The Eurasian Development Bank (EADB) will allocate up to $37mln for the  construction of 11 solar power stations with a total capacity of 65  MW in the Gegharkunik and Aragatsotn provinces of Armenia.

ArmInfo. Armenia is among the priority partners of the Austrian Development Agency (ADA), Armenia's Deputy Minister of Economy Arman Khojoyan wrote in a Facebook message as he commented on his meeting with ADA representatives. 

ArmInfo. The increase in food prices by 17.1% significantly affected the low-income citizens of Armenia. This is stated in the message of the Luys Foundation, which  conducted a study of the socio-economic development of the country in  January-June 2022.

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ArmInfo.Converse Bank launches mortgage loans with bank’s own resources while offering competitive conditions. The bank offers up to 100% financing for the purchase of real estate with a repayment period of up to 20 years.

ArmInfo. Armenia's mineral resource industry has failed and solving the existing problems requires higher standards, Oleg Dulgaryan, Head of the Community Support Center,  stated at a discussion on Minerals Industry Development Strategy.