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30.03.2020

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Economy

COVID-19: Many hotels in Armenia are mothballed due to lack of tourists

Due to coronavirus, in the first 3 months the losses of Armenia`s tourism sector exceeded $ 134 million

European Commission will provide financial assistance to its partners in fight against Covid-19

Government will provide lump-sum benefits to employees and entrepreneurs of most vulnerable areas of economic activity

PAP proposes 7 anti-crisis points to Government

RA Government presented 2nd package of measures to neutralize economic consequences of coronavirus

Government have published an updated list of temporarily prohibited economic activities

Energy

Gazprom Armenia will refrain from suspending the gas supply to consumers in case of untimely payment for services rendered

Armenia increased liquefied gas supplies

Transparency Initiative Will Extend to Armenian Energy Sector

General Director: Armenian NPP will not be able to complete the program to extend the life of the second power unit without Rosatom`s participation

Ambassador: The issue of Russian gas supplies to Armenia will not become a bone of contention between Moscow and Yerevan

Finance and banks

Commercial banks and insurance companies of Armenia will have opportunity to conduct a general meeting of shareholders remotely

ADB considers possibilities of assistance to Armenia in conditions of COVID-19 pandemic

Ardshinbank to finance the purchase of food products for its 3300 retired clients

Prime Minister: Volume of loan terms revised by Armenian commercial banks amounts to about 200 billion drams

Converse Bank has launched a new Mobile application

Fitch`s forecast for Armenian banks worsened to "negative"

CBA: National Mortgage Company CJSC and Home For Youth CJSC announced a six-month delay in mortgage payments

Ardshinbank and the Black Sea trade and development bank have signed a usd 20 million loan agreement

Moodys has updated its credit opinion on Converse Bank

Insurance

Third party liability insurance contracts concluded in online mode continue to grow rapidly

523 contracts signed in Armenia within the framework of a pilot program for agricultural risk insurance

IC "INGO Armenia" switches to emergency mode of remote servicing

Armenian Motor Insurers` Bureau through ASWA automated the registration of insurance claims under the Euro Protocol

``ArmInfo`` issued the 60th anniversary insurance informational and analytical bulletin

RA Ministry of Economy: Agricultural Risk Insurance Program to be expanded in Armenia

Arsen Torosyan to discuss in the Republic of Korea principles of introducing health insurance

M. Abrahamyan: Agricultural risks insurance will definitely have positive impact on the development of agricultural sector and agricultural lending

Growth in CMTPL and health insurance reimbursements keeps slowing down

Technology

Beeline mobile subscribers can use a number of government websites for free

Beeline announces special roaming tariffs

Minister: Work is underway to create an electronic platform for assessing the sanitary-epidemiological situation in Armenia

Minister: There will be no failures in the work of the telecommunications sector

Beeline closes offices and postpones payments due to Coronavirus

Armenian Virtual Bridge Program to Be Implemented in Armenia

ADB considers possibilities of cooperation with Armenia within the framework of the Engineering City

Beeline holds spring campaign on sale of Xiaomi Redmi 8 smartphones

Statistics

In Armenia, the growth in revenue of the communications sector by February 2020 almost reached stagnation

Volume of cargo transportation in Armenia in Jan 2020 increased by 5.6% per annum amid decline in passenger transportation by 1.1%

Trade turnover in Armenia increased in January 2020 by 10.3% per annum

Growth in Armenia`s service sector slows down

In Jan 2020, Armenian metallurgical industry increased volumes by 49.3% per annum

In January, aluminum foil production in Armenia registered growth

In Armenia deflation of consumer prices in February was due to cheapening of food products

Electricity generation increased by 18.7% per annum in Armenia in January 2020

In January 2020 in Armenia industrial sector`s volume increased by 13.4% per annum

Armenia is ahead of Azerbaijan in index of most peace-loving countries

Real estate

Armenian citizens make money and get rid of the burden of mortgage loans ahead of schedule - Pashinyan

Cadastral value of expensive real estate in Armenia may increase eight fold

Apartment prices in the regions of Armenia increased by 4.1% in the first half of 2019

Property tax in Armenia will increase significantly from 2021

In May 2019 compared to the same period of the 2018th real estate transaction increased by 17.8%

In the regions of Armenia, apartment buildings rose by 4.1% per annum in the first quarter of 2019

In Yerevan, prices for apartment buildings in Q1 of 2019 increased by 9.5% per annum

Ombudsman`s Office presented an opinion on the government program to assist officers in attracting affordable mortgage loans

Capital

Interview

The license for the activities of the Armenian NPP may be extended until 2026

Armenian NPP is not satisfied with the work of Rosatom State Corporation and intends to complete the modernization program of the second power unit independently

News

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