ArmInfo.This year, Ardshinbank has given up on the tradition of purchasing New Year gifts and has donated all the saved funds to war-affected Artsakh.

ArmInfo.Within the framework of the Social Investments and Local Development Project carried out by the Armenian Territorial Development Fund (ATDF) , the  communities of Akunk and Jrvezh of Kotayk region and Ani Shirak  region were provided with another assistance.

ArmInfo. Growth in the net inflow of transfers from individuals to Armenia in January-October 2020 by 29.8% per annum- up to $ 523.6 million (against a 20.1%  decline a year earlier) is supported by a jump in the net inflow of  remittances from the USA - 12 -fold to $ 238.3 million (against a  3-fold decline a year earlier). According to the Central Bank of the 

ArmInfo.Starting from December 18 until January 20 inclusive, make an online or QR/NFC payment for AMD 1000 via Idram&IDBank application and get an electronic coupon for the lottery on your Idram account. Moreover, triple the chance to win an iPhone 12 by paying with Rocket line. In case of paying with Rocket line you will get one coupon and two more after 10 days if you don’t cancel the transaction or repay the used limit of Rocket line.

ArmInfo.

ArmInfo.The time has come to launch exchange mechanisms to contain sharp fluctuations in the exchange rate. This opinion was expressed at an online press  conference on December 17 by the head of the Center for Innovative  and Institutional Research of the Armenian State Economic University,  economist Atom Margaryan, noting that from an objective point of  view, external signals and of course costs and pressure on reserves  played a decisive role in the devaluation of the dram.

ArmInfo. A warehouse of Armenian wines will open in Europe. Head of the Vine and Wine Foundation of Armenia Zaruhi Muradyan informed ArmInfo correspondent,  on the sidelines of the Armenian wine tasting competition, held with  the support of GIZ.  "This is a pilot project on which we worked  together with our wine companies," she said.

ArmInfo. Everything in Armenia  has changed by 180 degrees.  And this realization should lead to the  need to change the policy in terms of the country's development  prospects. Economist Vahagn Khachatryan expressed this opinion on  December 17 at an online press conference.

ArmInfo. "Due to the coronavirus, a number of international wine exhibitions have been canceled, for participation in which large funds are allocated.  However, under these conditions, we used these funds to complete the  1st stage of the vineyards-mapping program in Armenia>. Zaruhi  Muradyan, Chairperson of the Vine and Wine Foundation of Armenia, shared this opinion in an interview with ArmInfo correspondent.

ArmInfo. Military actions and territorial  losses in Nagorno-Karabakh only exacerbated the difficult situation  in the field of agriculture and ensuring food security in Armenia. An  independent expert, former Minister of Agriculture of Armenia Gagik  Petrosyan expressed this opinion at a press conference organized by  the Club of Economic Journalists. He noted that the problems of the  industry have been accumulating over the years, and the fact that the  field has faced a bad situation cannot be considered the result of  the work of the last 2-3 years.

ArmInfo.This year, the coronavirus made us see a rather interesting, but unfortunately  disappointing message about the state of the Armenian domestic wine  market.  Director of the Vine and Wine Foundation Zaruhi Muradyan  shared this opinion in an interview with ArmInfo correspondent.

ArmInfo.Armenia, amid martial law and the second wave of coronavirus with a rapid spread, will sum up 2020 with a decline in GDP in the range of 8.5-9.3%. Such a  forecast during an online press conference was given by the head of  the "Ameria" consulting company, a well-known economist Tigran  Jrbashyan, noting at the same time that a particularly large decline  will be in imports, while the decline in exports will continue.

ArmInfo.

ArmInfo.The agenda of the government and parliament does not reflect the challenges that Armenia faces today. A similar opinion was expressed by the chairman  of the Republican Union of Employers of Armenia, economist Gagik  Makaryan during a press conference on December 16.

ArmInfo. The devaluation of  the national currency in Armenia is associated with a number of  reasons, first of all, with a decrease in export volumes, transfer  inflows, limitation of international donor programs, the inability to  leave for labor migrants and a worsening economic situation in the  country. A similar opinion was expressed by the chairman of the  Republican Union of Employers of Armenia, economist Gagik Makaryan  during a press conference on December 16. In particular, he stressed  that today the dollar in relation to the dram is about 520-530 AMD /  $, the euro has reached 630-640 AMD /EUR. He noted that the Central  Bank is now pursuing a restrictive policy, trying to keep the  exchange rate at a level acceptable to exporters and not creating  serious problems for importers. However, according to Makaryan, the  Armenian economy remains more dependent on the dollar. Artificially,  in view of the current situation, the profits of exporters are  growing, but in this regard, he stressed that the share of exports is  40% of imports. Consequently, currency devaluation can lead to higher  prices for certain imported goods.

ArmInfo.

ArmInfo. There are no problems with the outflow of funds on the Armenian foreign exchange market. Chairman of the Central Bank of the Republic of Armenia  Martin Galstyan stated this at a press conference on December 15.

ArmInfo.In Armenia, in conditions of high economic uncertainty in the short term, there are risks of inflation deviation towards growth. The head of the RA  Central Bank Martin Galstyan said this at a press conference on  December 15, noting that the Central Bank constantly monitors the  development of events and, if necessary, is ready to react to ensure  price stability.  According to his forecasts, in the mid-term,  inflation in Armenia will not exceed 4%.

ArmInfo. In 2021, Armenia expects to receive a Stand-By loan from the International Monetary Fund (IMF) in the amount of about $ 70 million (with a probable  adjustment of this amount). The Chairman of the Central Bank of the  Republic of Armenia Martin Galstyan announced this on December 15  during a press conference.

ArmInfo.According to the estimates of the Central Bank of Armenia, the share of non-performing loans in the total loan portfolio of the banking system may reach  10%. Chairman of the RA Central Bank Martin Galstyan announced this  during a press conference on December 15.