ArmInfo.

ArmInfo.

ArmInfo.As part of the 17th package of anti-crisis measures presented by the government in early September 2020, 64 of 330 companies working on the creation of  their own product will be awarded grants. A similar decision was made  on February 11 at a meeting of the Armenian government.

ArmInfo.In Armenia, responsibility for monitoring the accounting process and preparation of financial statements by public sector organizations will be  carried out by the RA Ministry of Finance.

ArmInfo.

ArmInfo. Prime Minister Nikol Pashinyan held a consultation on the 2020 agricultural season's results and the activities projected for 2021.

ArmInfo.The Armenian government in "manual mode" assists investors in entering the market. On February 10, RA Minister of Economy Vahan Kerobyan stated this  from the rostrum of the parliament.

ArmInfo.

ArmInfo.By Jihad Azour, Director of the International Monetary Fund’s Middle East and Central Asia Department

ArmInfo.

ArmInfo.

ArmInfo. The budget deficit of  Armenia in January-December 2020 amounted to 333.9 billion drams ($  639 million), having jumped 5.2 times on an annualized basis, against  a 39.3% decline in 2019 and a 60.5% decline in 2018. According to the  RA Statistical Committee, the budget revenues of Armenia slowed down  the annual growth from 16.3% to stagnant 0.1%, while the growth of  expenditures accelerated from 12.2% to 16.7%, amounting to 1.560  trillion, respectively. and 1.894 trillion. drams ($ 2.99 billion and  $ 3.6 billion, respectively).

ArmInfo.

ArmInfo.

ArmInfo. Armenia's foreign trade turnover with the EU countries in January-December 2020 lingered in a downtrend with an acceleration of annual rates from  5.7% to 22.9%, amounting to $ 1.3 billion.

ArmInfo.Armenia's foreign trade turnover with the EAEU countries in January-December 2020, compared to the same period of 2019, decreased by 2.6% (against 15.1% growth a year earlier), amounting to $ 2.2 billion.

ArmInfo. Despite certain obstacles caused by the coronavirus pandemic and the outbreak of hostilities in Artsakh, the Ministry of High-Tech Industry of Armenia  in 2020 implemented a number of programs planned under the strategy,  ensuring double-digit growth rates.  Minister of High-Tech Industry  of Armenia Hakob Arshakyan stated this during a press conference on  February 9.

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ArmInfo.For the third year in a row, HSBC Bank Armenia cjsc (hereinafter HSBC Armenia) has been ranked No.1 Domestic Cash Manager for Corporates by Euromoney magazine’s 2020 Cash management poll. HSBC Armenia was also recognized as No.1 bank for Service for Corporates in Armenia for the second year in a row.

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