ArmInfo.

ArmInfo.

ArmInfo. In 2021, the growth of the mortgage market will be recorded in Armenia, mainly due to the growth of lending for the purchase of real estate. This hope was  expressed by the Chairman Union of Banks of Armenia, Chairman of the  Ardshinbank Management Board  Artak Ananyan.

ArmInfo.Most likely, in 2021, the fight against the consequences of the “coronacrisis”  will continue, since, apparently, the pandemic is not going to recede yet.   This opinion was expressed by the Chairman of the Union of Banks of  Armenia, Chairman of the Board of Ardshinbank Artak Ananyan.

ArmInfo.The share of non-performing loans in the Armenian banking system may grow in the foreseeable future to 10% from the current 6.6%, but the banks ' reserves are sufficient to cover losses at the expense of capital. This forecast was made by the Chairman of  the Union of Banks of Armenia, Chairman of the Board of Ardshinbank Artak Ananyan,  noting that not only the banking system as a whole, but also each  bank individually, has a sufficient capital buffer to ensure  stability.

ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo.Fitch Ratings confirmed the long-term default rating of the Emitent (EDR) of Armenia in foreign currency at the level of "B +" with a stable forecast. This  is stated in the message posts on the site.

ArmInfo. In the near future, harsh fluctuations are not expected, but if the recovery of the economy will require a longer time, then a small increase in the exchange  rate and profitability of securities is possible. Such a forecast in  an interview with Arminfo gave the General Director of the company  "Capital Asset Management" Alik Arakelian, noting that, nevertheless,  this growth will be manageable.  

ArmInfo.In 2020, 580 subvention programs worth 26.2 billion drams were implemented in Armenia, Minister of Territorial Administration of the country Suren Papikyan said at a government meeting. He informed the head and members of the  government that from this amount the share of state budget accounted  for 14.3 billion drams.

ArmInfo. In 2020, the Armenian economy sagged significantly due to the military conflict in Karabakh, as a result, the pace of recovery will not be very fast. 

ArmInfo.

ArmInfo.The EU launches a new program aimed at developing social entrepreneurship for the Eastern Partnership countries and Russia. This is stated in the official  statement of the Armenian office of the EU.

ArmInfo. The Minister of Economy of Armenia Vaan Kerobyan awaits the growth of the tourist sphere for the year by 300%. He stated this in a conversation with journalists.

ArmInfo.Armenia and Iraq are considering cooperation opportunities in the field of  military-industrial complex and high technology. This was aware of  this on the basis of the meeting of the Minister of High-tech  Industry of Armenia Achopa Arshakyan and Iraqi  Minister of Defense  Jumaa Anad Saadoun.

ArmInfo.Fotowatio Renewable Ventures (FRV), part  of Abdul Latif Jameel and a leading global developer of renewable  energy projects, has closed the financing agreement for the  development of the largest utility-scale solar power plant in  Armenia.

ArmInfo. The third meeting of the Armenia-EU Partnership Committee in Trade Configuration  took place online today.

ArmInfo. The Armenian economy has almost recovered. The Minister of Economy of the Republic of Armenia Vahan Kerobyan expressed a similar opinion on his Facebook  page.

ArmInfo.