ArmInfo.

ArmInfo.The results of Eurasian Development Bank (EDB) experts' assessments indicate that above a threshold value of 37-38% of GDP, growing public debt still features a very small positive effect on economic growth of Armenia. This is stated in the published new Working Paper of the Eurasian Fund for Stabilization  and Development WP20 / 04 "Optimal Debt and Quality of Institutions".

ArmInfo.Stepanakert Branch of Converse Bank will reopen on 30.11.2020. The Branch will render comprehensive services to the customers on a regular basis from Monday to Friday, 9:30-17:00.

ArmInfo.

ArmInfo. The Territorial Development Fund of the Ministry of Territorial Administration and Infrastructures of Armenia continues to contribute to strengthening  the potential of the republic's communities. Another beneficiary of  the "Social Investments and Local Development" program is the  enlarged community of Kapan, Syunik region.

ArmInfo. The growth of non-performing loans accelerated in the banking system of Armenia. Thus, the share of NPL in the loan portfolio increased in Q3 from  8.3% to 9%, and in assets it reached 6.1%, against 9% and 5.9%,  respectively, recorded a year earlier.

ArmInfo. In Armenia, the decline in economic activity in January-October 2020 deepened to 6.7% per annum, against the backdrop of an accelerating decline in imports  and a slowdown in exports.

ArmInfo. Vahan Kerobyan has  been appointed Minister of Economy of the Republic of Armenia. The  corresponding decree was signed today by RA President Armen  Sarkissian.

ArmInfo. The economies of the member countries of the Eurasian Development Bank will enter the growth phase in 2021. A similar opinion was expressed by the chief  economist of the Eurasian Fund for Stabilization and Development  (EFSD) Yevgeny Vinokurov during the video bridge "Economy of the EAEU  countries in 2021 - forecast for Armenia, Belarus, Kazakhstan,  Kyrgyzstan, Russia and Tajikistan".

ArmInfo. For the development of design estimates for construction and repair in  Armenia roads of interstate, inter-republican and inter-community  importance will be allocated 243.5 million drams. At the meeting on  November 26, the RA government redistributed budgetary funds for  solving the set task.

ArmInfo.

ArmInfo. The preparatory  activities for annealing of the reactor vessel metal are started at  the ANPP in the framework of the contract concluded with the Rusatom  Service JSC, the press service of ANPP reports.

ArmInfo. The number of  migrant workers in the EAEU countries in the first half of 2020  decreased by 41% per anum, amounting to 279 thousand. On November  25, during a briefing, the Assistant to the Chairperson of the Board  of the Eurasian Economic Commission (EEC) Iya Malkina said.

ArmInfo. In connection with  the second wave of the coronavirus pandemic, according to updated  forecasts, the GDP growth rate of the states of the Eurasian Economic  Union will decrease by about 3.9% in 2020, with a recovery of growth  by 3.2% in 2021.

ArmInfo. In the annual rating of the most reliable banks in the world by the well-known American magazine Global Finance, for the fourth year in a row, Ardshinbank is  recognized as the most reliable bank in Armenia.

ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo. Fitch Ratings has withdrawn the Armenian City of Yerevan's 'B+' Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) as the issuer has chosen  to stop participating in the rating process, the statement of the  Fitch Ratings reads.

ArmInfo. Growth of the net inflow of transfers from individuals to Armenia in January-September 2020 by 28.5% per annum- up to $ 429.6 million (against a 25.69%  decline a year earlier) is supported by a jump in the net inflow of  remittances from the United States - 8- fold to $ 200.6 million  (against a 4-fold decline a year earlier). According to the Central  Bank of Armenia, the inflow of individual transfers to Armenia from  the United States in January-September 2020 accelerated the annual  growth from 29.3% to 50.7%, amounting to $ 301.6 million, while the  outflow of transfers from Armenia to the United States from last  year's 71.6 % growth went down 56.9%, amounting to $ 101.04 million.