ArmInfo. The Territorial Development Fund of the Ministry of Territorial Administration and Infrastructures of Armenia, with the assistance of the United States  Agency for International Development (USAID), is implementing a local  self-government reform program, which, among many other investments,  provides for the introduction of AMD 30 million for the installation  of solar stations in the enlarged Noyemberyan community.

ArmInfo.The total net profit of insurance companies in Armenia in the first half of 2020 jumped 4.4 times against the same period last year (against 71% growth a year  earlier), exceeding AMD 3.3 billion or $ 6.9 million.

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ArmInfo.In Armenia, by the end of 2020, inflation will be in the range of 1.7-2% - near the lower border of the permissible range. A similar forecast on July 28  at a press conference timed to the meeting of the Council of the  Central Bank of Armenia regarding the refinancing rate (left at the  same level of 4.5% - Ed.), Was announced by the Chairman of the  Central Bank of Armenia Martyn Galstyan.

ArmInfo.On July 28, a meeting was held under the chairmanship of Armenian Prime Minister Nikol Pashinyan, at which the project for the construction of the Kasp  reservoir was discussed. The press service of the RA government  reports.

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ArmInfo. Without the support of the mining industry, the Armenian industry would have recorded much more modest indicators. Gagik Minasyan, a former deputy of the RA National Assembly from the Republican Party, stated this at a press  conference in Yerevan on July 28.

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ArmInfo.The Central Bank of Armenia left the refinancing rate unchanged - at the level of 4.5%. As ArmInfo was told in the press service of the Central Bank of  Armenia, this decision was made on July 28 at a meeting of the  Central Bank Board.

ArmInfo. Today there is a decrease in transactions for the purchase and sale of apartments on the real estate market in quantitative terms, while prices are  demonstrating growth. Economist, Director of the Real Estate Exchange  Artyom Pribylskiy said this in a telephone conversation with ArmInfo  correspondent.

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ArmInfo."The coronavirus has dealt a serious blow to tourism in Armenia, in particular to travel companies, hotels, guest houses, where unemployment is growing  rapidly," the official statement of the Armenian Hotel Assotiation  (AHA) reads.

ArmInfo.The Eurasian Economic Commission supported the creation of a common EAEU exchange space.

ArmInfo.In Armenia, the nominal wages in June accelerated the decline to 0.3% from 0.1% in May, due to the reversal of the dynamics of wages in the private sector from  growth to decline, with a reverse trend in wages in the public sector  with an exit from the decline to growth.  And this despite the fact  that since May 18, the private sector has fully resumed, despite the  extended state of emergency until August 13.  

ArmInfo. On credits under the Eurasian Development Bank (EDB), the Territorial Development Fund will implement a program to modernize irrigation systems.

ArmInfo.A more impressive decline in imports than exports reduced Armenia's foreign trade deficit in the first half of 2020 by 20.1% per annum. At the same time, in June  alone, the decline in this indicator accelerated to 54% from 23.1% in  May, against the backdrop of a slowdown in export growth and  accelerated import growth. And in June 2020, compared to June 2019,  the foreign trade deficit decreased by 34.2% as a result of a  significant decline in imports with a negligible decline in exports.

ArmInfo.Armenia is among the most popular directions for money transfers via the Tele2 system. The Moscow Global MSK.ru business portal reports this.

ArmInfo.. In Armenia, economic activity in the first half of 2020 decreased by 4.7% per annum, against 6.5% growth a year earlier. In June of this year. by June  2019, economic activity decreased by 7.5%, against an increase of  3.4% in June 2019 to June 2018. And in June 2020 alone, economic  activity accelerated growth to 14.8% from 13.3% in May, against a  more modest 8.2% growth in June 2019.