ArmInfo.

ArmInfo.Beeline Armenia, being committed to a client-oriented policy and the mission of ensuring maximum accessibility to high-quality communications, together with <Henaran> Charitable Foundation has developed a special tariff plan with affordable internet and calls for people with cancer. ArmInfo  was informed about this by the press service of Beeline.

ArmInfo.v. It is predicted that the decline in economic activity in Armenia in 2020 will be a little over 5%. RA Minister of Economy Tigran Khachatryan stated this at a press conference in Yerevan on August 14.

ArmInfo. In fact, Armenia is just entering the stage of a real economic crisis, with all its attendant internal and external manifestations. Former Chairman of  the Central Bank of Armenia, economist Bagrat Asatryan expressed a  similar opinion to ArmInfo.

ArmInfo. The tourism sector in Armenia will begin to "recover" by the end of this autumn. RA Minister of Economy Tigran Khachatryan stated this at a press  conference in Yerevan on August 14.

ArmInfo.

ArmInfo.Prime Minister Nikol Pashinyan chaired a meeting, during which the progress of construction and further activities of the foreign economic activity  service center in Gyumri was discussed. The press service of the  government told ArmInfo about this.

ArmInfo.

ArmInfo. Beeline announced that high-speed Internet of 100 Mb / s is now also available in the Nork-Marash and Shengavit communities of Yerevan. ArmInfo was  informed about this by the press service of Beeline in Armenia.

ArmInfo.

ArmInfo.The growth of non-performing loans resumed in the banking system of Armenia. Thus, the share of NPL in the loan portfolio changed in Q2 from 8% to 8.3%,  and in assets from 5.2% to 6.3%, against 9.2% and 5.9%, respectively,  recorded a year earlier. This was observed against the backdrop of  accelerating y-o-y growth in loan investments from 11% to 19% and a  slowdown in asset growth from 17% to 14%, with strongly weakened  quarterly growth in both cases.

ArmInfo.In the first six months of 2020, the London Metal Exchange (LME) aluminium price fell by 12.83% to USD1,592 per tonne compared with USD1,826 per tonne for  the same period in 2019. This was one of the key contributing factors  to the decline in total revenue in the first six months of 2020 by  15.2% to USD4,015 million from USD4,736 million for the same period  of 2019 and decrease of EBITDA to USD219 million from USD528 million  in the mid of 2019, the press service of the Company reports.

ArmInfo.This year, agricultural and communal equipment worth over AMD 717 million was transferred to the communities of Armenia within the framework of the Social  Investment and Local Development Project implemented by the Fund for  Territorial Development of Armenia of the Ministry of Territorial  Administration and Infrastructures.

ArmInfo. Work on the construction of a solid waste landfill in Yerevan will begin in 2021 and will last for two years.

ArmInfo. The International Finance Corporation (IFC), the European Bank for Reconstruction and Development (EBRD) and the European Union will become institutional investors in the construction of a solar power plant of industrial  importance "Masrik-1" in Armenia. At the meeting on August 13, the RA  government approved the signing of a letter to a direct contract  between the EBRD and IFC.

ArmInfo. Armenian enterprises engaged in the production of wine and brandy will receive state assistance. At a meeting on August 13, the RA government approved the  24th program of anti-crisis measures to neutralize the economic  consequences of COVID-19.

ArmInfo.

ArmInfo. Prime Minister Nikol Pashinyan chaired another consultation, which explored ways of implementing new anti-crisis measures in different economic sectors.

ArmInfo.

ArmInfo.