ArmInfo. Armenia's gross international reserves in January- October 2020 decreased by 18.7% - to $ 2.316 billion. In y-o-y terms (October 2020 versus October  2019), this indicator decreased by 6.2%, and in October alone - by  5.2%. This is evidenced by the data of the Central Bank of Armenia.

ArmInfo.

ArmInfo.An International Monetary Fund (IMF) team led by Nathan Porter conducted discussions on the third review of Armenia's reform program supported by the IMF  Stand-By Arrangement (SBA). According to the IMF's press release,  discussions were held during September 2-November 16, 2020. At the  conclusion of the discussions, Mr. Porter issued the following  statement:

ArmInfo.The International Monetary Fund (IMF) predicts a decline in GDP of more than 7% in Armenia in 2020, with a modest growth in 2021. This is stated in the  press release of the IMF, in which, in addition to information on the  third revision of the Stand-by loan for Armenia, the head of the IMF  delegation in Armenia Nathan Porter also provides updated forecast  indicators.

ArmInfo.

ArmInfo.The Eurasian Development Bank (EDB), within the framework of a loan from The Export-Import Bank of China (Eximbank of China), attracted 1.5 billion yuan (about 230 million US dollars) to finance cross-border transactions between the PRC and member countries of the Bank, namely Armenia, Belarus, Kazakhstan,  Kyrgyzstan, Russia and Tajikistan. The corresponding agreement was  signed on November 16, 2020. The credit line was provided for 5  years. The press service of the bank reports.

ArmInfo. The Federation Council on November 18 ratified the protocol on amendments to the cooperation agreement with Armenia. The document concerns the supply  of natural gas, oil products and rough natural diamonds.

ArmInfo.The timing of the tranche payments under the KfW bank loan will be extended until 2025. At a plenary session on November 18, the Armenian parliament ratified  the letter of agreement with the Bank.

ArmInfo. 26 653 children were born in Armenia in January- September 2020. According to the Statistical Committee of the Republic of Armenia, the birth rate in  the country increased by 0.8% in y-o-y terms, and by 0.4% in a  two-year context. The birth rate per 1000 inhabitants at the end of  the reporting period was 12 ppm, against 11.9% in 2019 and a similar  level (12 ppm) two years earlier.

ArmInfo.  In January-September 2020, 39,496 cases of population migration were  registered in Armenia, which is 17% less than a year ago.  According  to the data of the Statistical Committee of the Republic of Armenia,  12,025 people moved to the country from abroad (with an annual  decline of 33.6%), and 14186 people emigrated abroad (with an annual  decline of 37.6%).

ArmInfo.  In Armenia, the service sector in January-July 2020 reduced volumes by 11.7% per annum - to 1.2 trillion drams ($ 2.6 billion) against 15.5% growth a  year earlier. According to the data of the Statistical Committee of  the Republic of Armenia, in September alone, the volume of services  provided increased by 4.1%, amounting to 151.9 billion drams ($ 312.1  million).

ArmInfo. In 2021, the projected growth of the Armenian economy will be 4.8%. On November 17, presenting the draft state budget for 2021 in parliament, RA  Minister of Finance Atom Janjughazyan stated this.  According to him,  the growth of the economy will be provided due to the growth of  capital expenditures.  219 billion drams will be allocated for these  purposes.

ArmInfo.

ArmInfo. Revenue in the communications sector of Armenia amounted to 105.1 billion drams by October 1, 2020, decreasing in y-o-y terms by 3.9% against 1.3%  growth in the previous year.

ArmInfo.  The volume of cargo transportation in Armenia in January-September 2020 compared to the same period of the previous year increased by 4.9% - to 10,874.1  thousand tons (against a decline of 52.2%). Of these, 7,055.6  thousand tons (64.8% of the total) fell on road transport, having  increased by 5.2% in y-o-y terms (against a decline of 63.3%). This  is evidenced by the data of the RA Statistical Committee.

ArmInfo.

ArmInfo.A deflation of 1% was recorded in the consumer market of Armenia in January- October 2020, against a deflationary 1.6% in the same period of 2019. 

ArmInfo. Armenia will end  2020 with a 7.9% economic decline, while growth recovers in 2021 by  3.2%. The Minister of Finance of the Republic of Armenia Atom  Janjughazyan stated this at an extraordinary meeting of the Standing  Committee of the National Assembly of the Republic of Armenia on  Financial-Credit and Budgetary Issues.

ArmInfo. In connection with the spread of false information about Artsakhbank on the Facebook social network, the Central Bank of the Republic of Armenia issued  the following statement: "Artsakhbank is a licensed organization  under the supervision of the Central Bank of Armenia and acting  within the framework of the regulations of the Central Bank of  Armenia."

ArmInfo. For 2021, the envisaged budget for the programs of the Ministry of Health will  slightly exceed the indicators of 2020.  Minister of Health of  Armenia Arsen Torosyan stated this on November 9 during the  discussion of the draft budget for 2021.