ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo.The Armenian fuel market, which has been  under the influence of three politically interconnected players over  the past decades, and therefore does not have a natural price  environment, is becoming more flexible and competitive.

ArmInfo. For 2020, Armenian insurers reimbursed 23.2 billion drams or $ 44.4 million in different classes (figures are given from the reports of IC portfolios  according to the standards of the Central Bank of Armenia).

ArmInfo. The Ministry of High Technologies of Armenia presented the Armenian radio-electronic warfare (REW) satellite positioning "X-100" system.

ArmInfo.New mechanisms to control the public procurement process will be created in Armenia. The RA National Assembly, at its sitting on March 3 in the second and  final reading, made amendments and additions to the law "On State  Procurements".

ArmInfo.

ArmInfo.

ArmInfo.The share of large taxpayers in the net tax revenues of the Republic of Armenia is significant and amounts to 71.1% or 773.3 billion drams. 

ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo.The World Bank (WB) predicted 3.1% GDP growth in Armenia for 2021 with an acceleration in 2022 to 4.5%, against an actual decline of 7.6% in 2020 (with a  projected 8%). This is stated in the new WB report "Global Economic   Prospects", which contains forecasts for 2021-2022.

ArmInfo.At the end of 2020, premiums in the insurance market of Armenia turned their annual dynamics from 19.1% growth to 2.6% decline, which was also observed  along the trend of indemnities - from 17% growth to 13.2% decline. 

ArmInfo.

ArmInfo.The total net profit of insurance companies in Armenia for 2020 jumped 4.6 times (against a growth of 6.4 times in 2019), exceeding 4.4 billion drams or $ 8.5  million. According to the Financial Rating of Armenian insurance  companies prepared by ArmInfo IC, this was observed against the  background of deterioration of the annual dynamics of both premiums  and reimbursements, the former being less significant than the  latter.

ArmInfo. In 2020, the shares of retail and corporate components in premium portfolios of Armenian insurers almost equalized - 50.3% (22.4 billion drams) and 49.7%  (22.1 billion drams), against 52.8% and 47.2%, respectively. earlier.  According to the Financial Rating of Insurance Companies in Armenia,  prepared by ArmInfo IC, the retail insurance market capacity dropped  by 13.6% from 22.1% growth a year earlier, along with which the  dynamics of corporate insurance worsened - from 17.3% to 4.5%  decline.

ArmInfo.The EU has announced an additional € 500 million through the World Health Organization (WHO) COVAX mechanism to ensure access to COVID-19 vaccines in low- and middle-income countries, including the Eastern Partnership  countries. This is stated in the widespread message of the EU.

ArmInfo.The devaluation of the dram is mainly associated with trend expectations, which are usually short-term in nature. Deputy Chairman of the RA Central Bank  Nerses Yeritsyan stated this at the meeting of the Standing Committee  of the National Assembly of Armenia on Financial-Credit and Budgetary  Affairs.