ArmInfo.By the end of 2021, the debt of the Armenian government will approach 70% of GDP. Meanwhile, the tax and budget rules established by the law "On the Budget System  of the Republic of Armenia" oblige the government to submit to the  parliament a project to return to the legal framework in case of  exceeding the 60% threshold for government debt.

ArmInfo. Yes, it is possible to contain inflation, it can be corrected in a very short time -  within one month, the second President of Armenia Robert Kocharyan is  convinced.

ArmInfo.HSBC Bank Armenia CJSC (hereinafter HSBC Armenia) has been named as “Market Leader” for trade finance by Euromoney’s 2021 Trade Finance Survey.

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ArmInfo.Converse Bank announces the launch of an online platform for lending to small and medium-sized enterprises (SMEs): https://sme.conversebank.am/

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ArmInfo.The growth of exports against the background of the accelerating decline in imports reduced the negative balance of Armenia's foreign trade turnover in the first  quarter of 2021 by 16.8% per annum, against a decline of 13.4% a year  earlier.

ArmInfo. Armenia’s current economic reform program has been supported by the IMF since May 2019. The program has helped Armenia preserve macroeconomic stability and maintain access to international financial markets, and was adjusted to help Armenia respond to the major challenges that it faced in 2020. ArmInfo correspondent spoke with Nathan Porter, the IMF’s mission chief for Armenia, about the program and how Armenia has fared during these difficult times.

ArmInfo. In Armenia, economic activity in the first quarter of 2021 decreased by 2% compared to the same period in 2020 (compared to 4% growth in the first quarter of  2020). According to the preliminary data of the RA State Committee,  only the construction sector and the energy complex were in the  growth, while the industrial sector,the agricultural sector, trade,  and the service sector are still in the red.

ArmInfo.Ardshinbank continues to expand the list of modernized branches providing a full package of modern banking services. On April 23, the bank reopened its Etchmiadzin branch. The opening ceremony was attended by city leaders, clients, as well as bank managers.

ArmInfo. Nuclear power can make a significant contribution to reducing greenhouse gas emissions and improving energy security, while at the same time supplying the  growing amounts of energy needed for a country's development. This is  stated in the message of the British Embassy in Armenia.

ArmInfo.  Maintaining the current high level of prices on the world copper market during 2021 will have a positive impact on Armenia's economic  growth. This was announced by former Armenian Finance Minister Vardan Aramyann on his Facebook page.

ArmInfo.  From April 19 to April 23, 2021, the volume of dollar transactions on the foreign exchange interbank of Armenia grew 6.4-fold, after a 2.8-fold rise in the previous week (from April 12 to April 16).

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ArmInfo.The Minister of Economy of Armenia Vahan Kerobyan received the Ambassador Extraordinary and Plenipotentiary of Canada to the RA Alison LeClaire, yesterday, the press service of the department reported today.

ArmInfo. The International Monetary Fund (IMF) forecasts GDP growth of 1% for Armenia in 2021, with an acceleration to 3.5% in 2022. This is stated in the report of  the IMF following the results of the virtual discussions held by the  Fund's team led by Nathan Porter with the Armenian authorities  regarding the latest economic developments, prospects and political  priorities for the future.

ArmInfo.AraratBank has raised EUR 3 million from two funds advised by impact investor Incofin Investment Management: EUR 1,5 million from Volksvermogen NV and EUR 1,5 million from Incofin CVSO providing micro entrepreneurs an access to small loans.  

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ArmInfo.Watch second part of the interview with Philip Lynch, Independent Board Member at Ameriabank.

ArmInfo.The Ministry of Economy of Armenia is holding discussions with a number of investors around the programs, with a total cost of several hundred million  dollars.