ArmInfo. At its meeting today, the Board of the Central Bank of Armenia decided to raise the refinancing rate by 0.5 percentage point to 6.5%.  The Lombard repo facility rate at 8.0%. The Deposit facility rate at 5.0%. ArmInfo was informed  about this by the press service of the Central Bank of Armenia.

ArmInfo.Converse Bank, under a loan agreement with the European Bank for Reconstruction and Development, has attracted another tranche of $ 1 million in loans under the Converse4Women package.

ArmInfo. Head of the Hayastan (Armenia) bloc, RA second president, Robert Kocharian, on June 14, during a meeting with voters in Metsamor, Armavir region, spoke about Armenia's energy prospects and assured that everything would be done  to extend the life of the Armenian NPP.

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ArmInfo.In Armenia, the number of terminated CMTPL contracts continues to grow rapidly - 3.9 -fold in January-May 2021 compared to the same period a year ago, amounting to 19,500. And almost the same - the volume of returned or refundable  premiums increased by 3 times - up to 236.1 million drams ($ 453.4  thousand). This is evidenced by the data of the Bureau of Motor  Insurers of Armenia, according to which, in the reporting period, the  number of vehicles with MTPL policy decreased by 2.3%.

ArmInfo.The Armenian economy has not yet been faced with the consequences of the defeat in the 44-day war. The trends that we observe in the economy today are results of  the consequences of the coronavirus pandemic in the world. Former  Head of the Central Bank of Armenia, candidate for MP of the  proportional list of the Armenian National Congress Party Bagrat  Asatryan expressed this opinion at a press conference.

ArmInfo. The Ministry of Territorial Administration and Infrastructures of Armenia hopes to start construction work on the 4th tranche of the North-South road  construction program next year. This was stated by the deputy acting  Minister of Territorial Administration and Infrastructures of the  Republic of Armenia Christine Ghalechyan.

ArmInfo. The European Bank for Reconstruction and Development (EBRD) will provide the Air Navigation of Armenia (Armats) with a loan of 3 million euros to meet the urgent need for liquidity support.

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ArmInfo.The classification of highways and their assignment to categories, approved by the Armenian government, does not meet the legislative requirements "On highways  of the RA", the head of the Audit Chamber Levon Yolyan said in the  parliament, presenting an annual report on activities, presenting  abuses in the field of road construction.  

ArmInfo. S&P Global Ratings revised the outlook on Ameriabank to stable from negative and affirmed 'B+/B' long- and short-term issuer credit rating on the  bank.  B+' long-term rating on Ameriabank is one notch lower than its  stand-alone credit profile (SACP) rated "bb-", due to the sovereign's  creditworthiness constraint, the press service of Ameriabank told  ArmInfo. 

ArmInfo.Armenia's gross international reserves increased in January- May 2021 by 15% or by $ 393 million, amounting to $ 3.009 billion, as evidenced by the data  of the Central Bank of Armenia. Of these, the lion's share - $ 2.973  billion - falls on foreign assets in hard currency, and the SDR share  in the IMF amounted to $ 35.7 million. According to the regulator's  report, in January-May of this year foreign assets in hard currency  increased by 14.1%, and the share of SDR in the IMF grew 4-fold.

ArmInfo.The net inflow of transfers from individuals increased in January-April 2021 by 80% per annum (from an 18.7% decline a year earlier) - to $ 203.2 million,  which was largely supported by a multi-fold increase in remittances  from the United States. This is evidenced by the data of the RA  Central Bank.

ArmInfo.Armenia will be among the nominees for the World Travel Awards, established by World Media & Events. According to the press service of the Armenian Tourism and  Urbanism Charitable Foundation (TUF), this was achieved thanks to the  signing of a cooperation agreement between TUF and World Media &  Events.

ArmInfo.Armenia and Iran intend to expand cooperation in a number of economic areas. It became known about the achievement of such an agreement following the  meeting of Minister of Economy of Armenia Vahan Kerobyan  andAmbassador Extraordinary and Plenipotentiary of the Islamic  Republic of Iran (IRI) to the RA Abbas Badakhshan Zohouri .

ArmInfo. The increase in the public debt is the price that not only Armenia, but the whole world paid, in order to mitigate the negative impact of the crisis in 2020 in some  way. This was announced on June 9 by  RA acting Minister of Finance  Atom Janjughazyan at the sitting of the Standing Committee of the  National Assembly of the Republic of Armenia on Budgetary and  Financial- Credit Issues.

ArmInfo.The World Bank's forecast for GDP growth in Armenia has not changed: - 3.4% in 2021, with an acceleration to 4.3% in 2022 and 5.3% in 2023 (against an actual  decline of 7.4% in 2020). This is stated in the new June report of  the World Bank "Global Economic Prospects".

ArmInfo.The legislative initiative of the Central Bank of Armenia on the formationof a Centralized Register of Bank Accounts of Individuals will allow to reduce  operating costs when the competent (authorized) bodies apply for  data. On June 9, Deputy Head of the Central Bank of Armenia Nerses  Yeritsyan stated this at the sitting of the Standing Committee of the  National Assembly of the Republic of Armenia on Budgetary and  Financial-Credit Issues, during which the amendments to the law "On  the Central Bank of the Republic of Armenia" were approved.

ArmInfo.RUSAL, one of the world's largest aluminum  producers, has announced a strategic transformation that will spin  off assets that require costly upgrades to reduce emissions into a  separate entity. This was stated by the CEO of RUSAL Evgeny Nikitin  at the St. Petersburg International Economic Forum.