ArmInfo. According to  forecasts, there should be no shortage of water during the spring  agricultural work in Armenia. RA Prime Minister Nikol Pashinyan  announced this on February 18 at a government meeting.

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.  

ArmInfo.

ArmInfo.

ArmInfo.  The Food and  Agriculture Organization of the United Nations (FAO) has launched an  emergency program in Armenia for vulnerable populations affected by  the Nagorno-Karabakh conflict in Armenia.

ArmInfo. The Food and Agriculture Organization of the United Nations (FAO) has launched an aid program for vulnerable populations affected by the Nagorno-  Karabakh conflict in Armenia.

ArmInfo. The Central Bank of  Armenia applied a penalty in relation to the universal credit company  CJSC "Finca" ("Finca" UCO) for the sums to be returned. This is  stated in the message of the Central Bank's press service, which  states that the measure of responsibility against the Finca UCO was  applied for revealed violations of the requirements of the RA Law "On  Consumer Lending" and Regulation 8/05 "Rules of Business Conduct of  Financial Organizations". A fine in the amount of 500 thousand AMD  was imposed on Finca and corresponding instructions were given.   Clients who received consumer loans, agricultural loans (in the  amount of up to AMD 5 million), trade loans (up to AMD 5 million  provided to micro-trade organizations) from Jan 1, 2018 to July 30,  2020 from Finca, and fully fulfilled credit obligations, including  early repayments, for which the annual interest rate was not  recalculated at the time of loan repayment, can contact the company  and receive back the amounts to be returned as a result of the  recalculations made by the company. The company will return these  amounts during 2021.

ArmInfo. Minister of Economy  of Armenia Vahan Kerobyan within the framework of a working trip to  Syunik region got acquainted with the economic situation in the  region. "The people and business of Syunik face new challenges.  Naturally, I, as the Minister of Economy, had to see the situation,  try to understand what we, the ministry, can do to help overcome the  consequences of the war and preserve the strength of the region,"  Vahan Kerobyan said quoted by the press service of the Ministry.

ArmInfo. The national postal  operator of Armenia, the state-owned company "Haypost" CJSC  (Armpost), is creating a subsidiary credit company "Post Credit". As  noted in the statement of the operator, a corresponding application  has been submitted to the Central Bank of Armenia for registration of  a financial company and licensing.

ArmInfo.

ArmInfo.. In the trade sector of Armenia, the turnover in January-November 2020 against the same period of 2019 decreased by 13.5% (against growth by 9.2% a year  earlier), amounting to 2.5 trillion. drams ($ 5.1 billion). According  to the RA Statistical Committee, in November 2020 alone, the trade  turnover in Armenia increased by 1% (after a 13.4% decline in  October), amounting to 240.8 billion drams ($ 482 million).

ArmInfo. In 2021, the Armenian government intends to attract loans in the amount of about $ 700 million, however, a decrease in the level of collection of state  revenues this year may negatively affect the promises of  international financial institutions to provide these resources.

ArmInfo.

ArmInfo.Armswissbank financed the modernization of the Arzni pedigree poultry farm and the launch of a solar power plant. As ArmInfo was told in the press service of  Armswissbank, over 670 million AMD has been invested in the  re-equipment of the poultry farm and the construction of a solar  power plant.

ArmInfo.Within the framework of the Social Investments and Local Development Project carried out by the Armenian Territorial Development Fund (ATDF) , the  communities of Akunk and Jrvezh of Kotayk region and Ani Shirak  region were provided with another assistance.

ArmInfo. "Due to the coronavirus, a number of international wine exhibitions have been canceled, for participation in which large funds are allocated.  However, under these conditions, we used these funds to complete the  1st stage of the vineyards-mapping program in Armenia>. Zaruhi  Muradyan, Chairperson of the Vine and Wine Foundation of Armenia, shared this opinion in an interview with ArmInfo correspondent.

ArmInfo. Military actions and territorial  losses in Nagorno-Karabakh only exacerbated the difficult situation  in the field of agriculture and ensuring food security in Armenia. An  independent expert, former Minister of Agriculture of Armenia Gagik  Petrosyan expressed this opinion at a press conference organized by  the Club of Economic Journalists. He noted that the problems of the  industry have been accumulating over the years, and the fact that the  field has faced a bad situation cannot be considered the result of  the work of the last 2-3 years.

ArmInfo.

ArmInfo.

ArmInfo. The Territorial Development Fund of the Ministry of Territorial Administration and Infrastructures of Armenia continues to contribute to strengthening  the potential of the republic's communities. Another beneficiary of  the "Social Investments and Local Development" program is the  enlarged community of Kapan, Syunik region.