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24.09.2020

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Economy

EEC: Holding the EAEU Intergovernmental Council in Yerevan remains in force

Results of control over alcoholic beverages market were summarized

Economic activity continues to rapidly decline in Armenia

"Armenian Wines in Russia" program kicked off

Energy

Armenia significantly increased imports of liquefied gas

Armenia increased natural gas supplies from Russia by 3.3%, significantly increasing gas imports from Iran

Armenia and Russia discuss the possibility of extending the life of the second power unit of the Armenian NPP after 2026

Interdepartmental Commission will study the problems of small HPPs on Yeghegis River

Forecast: Armenia will soon face tough competition with Azerbaijan and Turkmenistan

Reactor annealing unit delivered to Armenian NPP

Equipment worth over 9 billion AMD needs to be imported to ensure the normal construction process of Yerevan TPP unit

Mnatsakanyan is assured: Armenia will manage to agree with Russia on gas prices

Finance and banks

Central Bank of Armenia announces bank details for donating funds to the All-Armenian Fund

On September 22-25, 2020, the volume of transactions in the Armenia`s foreign exchange interbank decreased by 34.8%

Striving for new heights: ARARATBANK rebrands itself

Expert: The impact of the pandemic on the banking system of Armenia was not as severe as expected

The Central Bank of Armenia is against restrictions on credit interest rates, seeing in this an undermining of market mechanisms and a threat to the stability of the financial system

In 8 months of 2020, the shortfall in tax revenues to the state budget of Armenia amounted to about 49 billion AMD

Insurance

Membership in international Green Card system and broad cooperation within CIS countries -these are the goals of Armenian Motor Insurers` Bureau

Certificates of insurance of e-CMTPL have grown several-fold in Armenia

Expert: The agricultural insurance program has shown its effectiveness, despite the 100% loss ratio

FinRating ArmInfo: Agreements on tourism and cargo transportation segments have significantly declined in the insurance market

Over the year, the volume of indemnities of Armenian insurers decreased by 4.7%

Motor Insurers` Bureau of Armenia has raised the maximum threshold under the European protocol to 200 thousand drams from August 1

Technology

CyHub Armenia webinar guest will be technical consultant for Mr. Robot TV show`s seasons Ryan Kazanciyan

Engineering and Scientific Center of Applied Sciences to be established in Armenia

Armenian specialists from Diaspora will bring their experience in the development of the high-tech sector in Armenia

Beeline continues to modernize its 4G mobile network

Karabakh Telecom CJSC promises a significant reduction in tariffs for services for subscribers by 2022

The Minister of High-tech Industry visited "GORIS GAMMA" enterprise

Statistics

Armenia`s foreign trade deficit increased by 13% in August 2020

During COVID outbreak, Armenia significantly increased imports of wheat, barley and buckwheat

Alcoholic beverages industry in Armenia is experiencing a negative trend and difficulties with ensuring former volumes due to the COVID crisis

In the conditions of COVID-19, the catering sector registered a significant decline

Revenue of Armenian trade sector decreased by 11%

Passenger traffic declines with an increase in cargo traffic

Telecommunications revenue of Armenia is sinking

Armenia`s metallurgical industry accelerates growth

19.530 children were born in Armenia in the first 7 months

Electricity production in Armenia increased by 3.4% in January-July 2020

Real estate

Foreigners tend to sell real estate in Armenia rather then buy it

Real estate market is recovering in Armenia

In Armenia, pledged real estate transactions on mortgages increased by 66.4% in July

Foreigners sell their real estate in Armenia

Armenia`s regional leader in real estate transactions is Kotayk egion

Real estate market: Supply began to significantly outstrip demand

No dramatic shifts in the real estate market should be expected until the end of the year

Expert: Real estate uncertainty persists

Capital

Vice Prime Minister: Armenian companies will be able to attract preferential credit resources while increasing authorized capital

Fast Credit Capital UCO will start placement of its dram and dollar bonds on July 9

Armenian government will direct AMD 1.9 billion on capital expenditures of the Ministry of Education

SRC: only 49% of business entities took advantage of the 18th package of anti-crisis measures

Rusatom Service CJSC will receive an equivalent of $ 40.3 million for the implementation of activities at the Armenian NPP

Armenian NPP will receive a budget loan of $ 130 million

Interview

Armen Melikyan: in the field of telecommunications, Armenia may get in a situation of the late 90s

Ucom becomes an apple of discord and blackmail

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