ArmInfo.In 2021, the State Commission for the Protection of Economic Competition of  Armenia will conduct at least 100 studies. This was stated on  November 3 during the discussions on the draft state budget of the  country in 2021, the head of the commission Gegham Gevorgyan.

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ArmInfo.From 2021, Gazprom Armenia will have to conduct an international audit on the implementation of the investment program, as other large companies  do. Chairman of the RA Public Services Regulatory Commission Garegin  Baghramyan stated this at the meeting of the parliamentary  commissions during the discussion of the draft state budget of  Armenia in 2021.

ArmInfo.There is no panic at the Armenian nuclear power plant in connection with Azerbaijan's threats to launch a missile strike at the station. Garegin  Baghramyan, Chairman of the RA Public Services Regulatory Commission,  stated this in an interview with journalists on November 3.

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ArmInfo.It will be quite difficult to resume tourist flow in the context of the second wave of coronavirus, so investments in tourism will be aimed at improving the  quality and availability of infrastructures.

ArmInfo. For 2021, the Ministry of Economy of Armenia has set 2 goals for itself -  increasing the productivity of enterprises and the competitiveness of  the economy.  The Minister of Economy of the Republic of Armenia  Tigran Khachatryan stated this on November 3 during the discussion of  the draft budget of the RA for 2021.

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ArmInfo. The COVID-19 pandemic and the fighting are having a negative impact on the Armenian economy. On November 3, RA Minister of Economy Tigran  Khachatryan stated this in an interview with journalists in the  country's parliament.

ArmInfo.In 2021, the State Revenue Committee will implement 1 program and 11 events. On November 3, during the discussions in the parliamentary committees  on the  draft state budget of Armenia in 2021, the chairman of the SRC Edgar  Hovhannisyan stated.

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ArmInfo.In the face of uncertainty caused by the COVID-19 pandemic and ongoing military action, it is necessary to ensure a smooth consolidation of fiscal  funds in order to ensure budgetary performance and public debt  indicators. The Minister of Finance of the Republic of Armenia Atom  Janjughazyan stated on November 3 at a joint meeting of parliamentary  committees on Economic Affairs and Finance, credit and budgetary  issues, presenting the draft state budget of the country for 2021.

ArmInfo.IDBank already has a branch in Shengavit administrative district: it is equipped with the best technological solutions for modern service and stands out with the unique and stylish design of the hall. Shengavit branch also has IDBanking 24/7 service zone, which allows seven days a week, 24 hours a day, to use more than 200 services: cash in /out, replenishment of accounts, utility payments, etc.

ArmInfo.The ratio of public debt to GDP will reach 65% in 2020. Presenting the draft budget for 2021 on November 2, the Minister of Finance of Armenia Atom  Janjughazyan said this. At the same time, he drew attention to the  fact that in 2021 the share of public debt will decrease by 1.7  percentage points up to 63.2% of the country's GDP.

ArmInfo. In view of the expected economic recovery in 2021, the ratio of taxes to GDP will increase by 0.5 p.p., amounting to 1.501 trillion AMD.

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ArmInfo. The Ministry of  Finance of Armenia believes that economic recovery in the republic  can be expected as early as next year. RA Minister of Finance Atom  Janjughazyan stated this on November 2, presenting the draft budget  of the RA for 2021.  In this vein, he noted that the International  Monetary Fund (IMF) is of the same opinion. As the minister noted,  the IMF expects a late recovery of economic growth in Armenia in  2021, the rates of which will be rather low. "Consequently, the GDP  growth for 2021, according to IMF experts, will be lower than the  projected indicators," Janjughazyan said.

ArmInfo. Ensuring macroeconomic stability should become the most important guarantee for attracting investments and increasing the potential of the  Armenian economy. Deputy Prime Minister Mher Grigoryan stated this on  November 2 at the discussions in the parliamentary commissions of the  draft state budget of the country in 2021.

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