ArmInfo. Banking system of Armenia in the first quarter of 2021 reduced tax deductions to the state treasury by 3.2% per annum - to 12.15 billion drams ($ 22.9  million), against an increase of 12.6% a year earlier in the same  period.

ArmInfo.The Armenian government has simplified the procedure for companies' participation in the public procurement process. A similar decision was made at a  cabinet meeting on March 25.

ArmInfo.Another major and online online game development companies will soon appear in Armenia.  Swedish developer of  online casinos, a  company of  Evolution stated the   intention rto open its representative office. The Minister of Economy of the  country Wagan Kerobyan reported on his page in Facebook.

ArmInfo. In 2020, 5,670 kg of gold were exported from Armenia (including galvanic spraying), which in quantitative terms is 2.7% lower than a year ago.

ArmInfo. For 2020, Armenian insurers reimbursed 23.2 billion drams or $ 44.4 million in different classes (figures are given from the reports of IC portfolios  according to the standards of the Central Bank of Armenia).

ArmInfo.The total net profit of insurance companies in Armenia for 2020 jumped 4.6 times (against a growth of 6.4 times in 2019), exceeding 4.4 billion drams or $ 8.5  million. According to the Financial Rating of Armenian insurance  companies prepared by ArmInfo IC, this was observed against the  background of deterioration of the annual dynamics of both premiums  and reimbursements, the former being less significant than the  latter.

ArmInfo. In 2020, the shares of retail and corporate components in premium portfolios of Armenian insurers almost equalized - 50.3% (22.4 billion drams) and 49.7%  (22.1 billion drams), against 52.8% and 47.2%, respectively. earlier.  According to the Financial Rating of Insurance Companies in Armenia,  prepared by ArmInfo IC, the retail insurance market capacity dropped  by 13.6% from 22.1% growth a year earlier, along with which the  dynamics of corporate insurance worsened - from 17.3% to 4.5%  decline.

ArmInfo.In 2020, only 7.3 thousand cars were imported to Armenia against 189 thousand cars at the end of 2019. Head of the Department of Customs Statistics and  Revenue Accounting of the State Revenue Committee (SRC) Mnatsakan  Sharafyan stated this on February 19 during a press conference.

ArmInfo. Freight traffic in Armenia in 2020 increased by 0.7% (against a 49.6% decline in 2019), amounting to 14,822.6 thousand tons. Of these, 9,734.7 thousand tons  (65.6% of the total) are accounted for by road transport, having  increased by 0.9% year on year (against a decline of 60.6% in 2019).  This is evidenced by the data of the RA Statistical Committee.

ArmInfo. Perceptible  subsidence imports (by 17.7%), with a modest decline in exports  (3.9%), reduced Armenia's foreign trade deficit in January-December  2020 by 28.4% per annum (against 12.6% growth in January-December  2019 with almost equally high 10.8-9.4% growth in imports and  exports). This is evidenced by the data of the Statistical Committee  of the Republic of Armenia, according to which Armenia's foreign  trade turnover decreased by 13.2% per annum in January- December  2020, against 10.4% growth in 2019. 

ArmInfo.In Armenia, the growth rate of sales of E-CMTPL policies is slowing down - from 3.6-fold in 2019 to 2.2-fold in 2020. According to the Bureau of Motor Insurers  of Armenia, in 2020 the number of CMTPL agreements concluded online  reached 135,452. Their share in the total number of CMTPL agreements  increased from 5% in 2019 to 15% in 2020.

ArmInfo.

ArmInfo.

ArmInfo. For 9 months of 2020, the alcohol industry in Armenia did not manage to get out of the negative trend. According to the data of the Statistical  Committee of the Republic of Armenia, during the reporting period, a  downward trend was registered for absolutely all types of alcoholic  beverages produced in Armenia.

ArmInfo. For 9 months of 2020, the industrial sector of Armenia showed an increase of 1%, against growth of 9.7% in the same period of 2019. The slowdown in  the annual growth rate of the industry is due to the continuing  negative trend in the manufacturing sector.

ArmInfo.According to the results of 9 months of 2020, the corporate component dominates in the premium portfolios of Armenian insurers - 50.9% (AMD 17.2 billion),  while the retail component accounts for 49.1% (AMD 16.6 billion),  against 49.7% and 50, 3% respectively a year earlier.

ArmInfo.

ArmInfo. In August 2020, the real effective exchange rate of the dram to the basket of currencies of the states - the main trading partners of Armenia decreased by  0.6%, and the nominal effective exchange rate - by 0.3%, thereby  fixing a slight weakening of the national currency.

ArmInfo.Fitch Ratings has downgraded the Armenian City of Yerevan's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'B+' from 'BB-'.

ArmInfo.  According to the  data of the Customs Service, the supply of liquefied gas to Armenia  increased 2.1-fold on an annualized basis (against growth by 74.9% a  year earlier) to 20,463.1 tons, with an increase in customs value by  77.5% to $ 7.5 million.