ArmInfo.The United States International Trade  Commission (USITC) today determined that a U.S. industry is  materially injured by reason of imports of aluminum foil from  Armenia, Brazil, Oman, Russia, and Turkey that the U.S. Department of  Commerce (Commerce) has determined are sold in the United States at  less than fair value and subsidized by the governments of Oman and  Turkey, the official website of the Commission reports.  "As a result  of the Commission's affirmative determinations, Commerce will issue  countervailing duty orders on imports of this product from Oman and  Turkey and antidumping duty orders on imports of this product from  Armenia, Brazil, Oman, Russia, and Turkey."

ArmInfo.The issues of the formation of common markets for electricity, gas, oil and oil products in the EAEU are categorized as systemically important. Prime  Minister of Armenia Nikol Pashinyan stated this on October 14 at a  meeting of the Supreme Eurasian Economic Council (SEEC).

ArmInfo. In 2020, the European Bank for Reconstruction and Development (EBRD) implemented programs in Armenia in a total volume of 160 million euros.  Head of  EBRD Armenia Office Dimitri Gvindadze stated this, answering the  question of an ArmInfo correspondent.

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ArmInfo. There has been a significant increase in imports of electric cars in Armenia.  According to the press service of the Ministry of Nature Protection,  such an increase is associated with changes in the Tax Code of  Armenia, according to which from July 1, 2019 to January 1, 2022, the  import and sale of vehicles with an electric motor is exempted from  VAT.

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ArmInfo.IDBank, purposefully continuing the active development of digital banking culture, launched the Visa Digital card. Now the client can get a full-fledged virtual bank card Visa Digital through the Idram&IDBank mobile application, IDBanking.am and Idram digital platforms, without visiting the office, which becomes even more convenient due to the possibility of obtaining a credit line.

ArmInfo. Symbiotics arranges a Sustainability Bond in Armenia with AraratBank for USD 14.5 million․ Symbiotics, the leading market access platform for impact investing, has arranged a USD 14.5 million Sustainability Bond for AraratBank.

ArmInfo.Private equity fund Amber Capital Armenia,  supported by the European Bank for Reconstruction and Development  (EBRD) and the European Union (EU), has acquired Solis, an Armenian  solar plant operator, to build and operate a 4 MW photovoltaic (PV)  solar power plant in Aragatsotn, western Armenia. The parties to the  transaction did not disclose the amount of the transaction and the  volume of investments in the project. Nevertheless, according to  experts, the total volume of investments may amount to about 2 - 2.5  million US dollars.

ArmInfo.HSBC in partnership with Ashoka (international organisation that promotes social entrepreneurship) launched the first of its kind Green Skills Innovation Challenge. This global innovation competition is open to social entrepreneurs across 51 countries including Armenia.

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ArmInfo.In Armenia's banking system, the growth of non-performing loans (NPL) accelerated significantly in 2020, despite regulatory "concessions" in terms of  shifting part of the burden of non-performing loans to 2021.

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ArmInfo. Following the rich heritage, ARARAT opens yet another volume in the century old history and presents new bottles and packaging of the Legendary Brandy.

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.Ameriabank issued a Green Bond in EUR for the equivalent of USD 50 million, marking a milestone in the local financial market as the first ever Green Bond project in Armenia. The Green Bond was structured in accordance with internationally recognized ICMA Green Bond Principles (the GBP).

ArmInfo. The amendments to the law "On highways" submitted to the National Assembly of Armenia are rather ill-considered, and can significantly and senselessly increase the costs of transport companies and severely hit the  efficiency of a number of industries, and first of all, the mining  industry in Armenia. Gagik Aghajanyan, Executive Director of the  large forwarding company "Apaven", expressed this opinion in an  interview with an ArmInfo correspondent.

ArmInfo.To ensure the normal construction process of the thermal power unit of the Yerevan TPP, it is necessary to import equipment worth over 9 billion drams.   This is stated in the substantiation of the draft decision of the RA  government, which at the September 3 meeting satisfied the  application of the company "Armpower" for exemption from customs  duties for imported equipment and raw materials.

ArmInfo.Companies around the world are making significant operational changes to become more resilient after many found their contingency plans weren’t robust enough to cope with the COVID-19 pandemic.

ArmInfo.  In order to promote  sustainable, innovative and market- oriented agribusiness in Armenia,  the EU Green Agriculture Initiative in Armenia (EU-GAIA) has  announced an open call for applications to support green and organic  projects.  According to the EU press service, the EU-GAIA project is  funded by the European Union and co-financed and implemented by the  Austrian Development Agency (ADA) in cooperation with the United  Nations Development Programme in Armenia. The project's Government  counterpart in Armenia is the Ministry of Economy.