ArmInfo. Armenia is extending the terms of the loan agreement with the Asian Development Bank, as it does not keep pace with the terms of its implementation and increases the financial burden of the state treasury.

ArmInfo.

ArmInfo.Armenian grocery retail is developing exclusively in the direction of the ideology of "feeding", while manufacturers in many countries of the world have  long been offering consumers not a product, but solutions. Anna  Beklyarova, co-founder of the Export Armenia Association, Director of  the Sales and Development Department of the Gagarin Agro company,  presented her observations on the results of the PROD-Expo 2021  exhibition held in Moscow yesterday.

ArmInfo.Converse Bank has expanded the list of lending products for small and medium-sized enterprises (SMEs), now available on the online platform: https://sme.conversebank.am/.

ArmInfo.

ArmInfo. In 2020, Armenia significantly reduced imports of passenger cars - by 93.3% to 14 thousand units. In value terms, the import of passenger cars also  significantly decreased - by 86% to $ 78.3 million, as evidenced by  the data of the RA Customs Service.

ArmInfo.It is already possible to get transfers from Armenia via IDpay application, and the transfers from Russia have been improved and are unprecedentedly profitable now. For both cases it is necessary to know only the phone number of the recipient.

ArmInfo. In 2020, Armenia increased wheat imports by 40% - up to 350.5 thousand tons, demonstrating growth in value terms - by 43.4% - up to $ 72.4 million. The main  importer of wheat is the Russian Federation (99.1%).

ArmInfo. 74% of arable land in the republic is not irrigated at all, said Acting Prime Minister Nikol Pashinyan at a meeting in the Kotayk region on April 28.

ArmInfo. For the stable growth of the economy, such factors as macroeconomic stability and the investment environment are important, the second President of  Armenia, Robert Kocharian, said at a meeting with his supporters.

ArmInfo.Today, the opening of the border with Turkey will deal a  serious blow to Armenia's agriculture, as our economies compete with  each other. This was stated by the second President of Armenia,  Robert Kocharian, at a meeting with his supporters.

ArmInfo. In the first quarter of 2021, the share of the corporate component in the premium portfolios of Armenian insurers significantly exceeded the retail component -  64.9% (10.6 billion drams) and 35.1% (5.7 billion drams). AMD),  almost repeating the figures of a year ago - 64.2% and 35.8%,  respectively.

ArmInfo.. In 2020, Armenia reduced wine exports by 5.9% to 2.6 million liters, against an  increase of 11.4% in 2019. According to the data of the RA Customs  Service, the value of exported wine decreased by 27.3%,  respectively.% - up to $8.6 million .

ArmInfo. The Tax and Customs Committee proposes to improve the mechanisms for reimbursement of value added tax (VAT) by shortening the return period. "The next  step, in certain situations, we will refuse to pay VAT at the  border," Chairman of the State Revenue Committee (SRC) of Armenia  Edward Hovhannisyan said on April 28 during a meeting of the  parliamentary commission on economic Issues.

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ArmInfo. The Armenian government and the International Finance Corporation (IFC) discussed the prospects for developing cooperation in the field of high  technologies, energy and digitalization.

ArmInfo. Russia sees prospects in expanding cooperation with Armenia in the framework of the design and development of space technologies. A similar proposal was made by  Dmitry Rogozin, Director General of the Roscosmos State Corporation,  during a meeting with the Secretary of the Security Council of the  Republic of Armenia, Armen Grigoryan.  

ArmInfo.In the long term, aggregate demand indicators in Armenia will remain weak, and in these conditions, inflationary pressures cannot be accelerated, so by the  end of the year we will return to the permissible inflation range of  4% (+/- 1.5%).

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ArmInfo.