ArmInfo. In Armenia, economic  activity in January-May 2020 decreased by 3.9% per annum amid a  deepening decline in exports and imports. In May this year by May  2019, economic activity decreased by 12.8%, while only in May 2020 it  showed an increase of 13.3% (after the April decline of 13.5%). A  year earlier, during the same periods, economic activity showed  growth: in January-May 2019, by the same period of 2018, by 7.3%, the  same in May 2019 compared to May 2018, and only in May - by 8.4%.

ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo.The practice of drying fruit in Armenia originated centuries ago. Back in the 5th century BC Greek historian Herodotus mentioned the sun-kissed dried fruit that was transported by Armenian merchants along with wine and other products.

ArmInfo.  On July 9, "Fast Credit  Capital" Universal Credit Organization (UCO) will start issue and  placement of its dram and dollar bonds with issue volumes of 400  million drams and $ 4 million, respectively. This is evidenced by the  July 3 decision on registration of the issue prospectus of these  tranches, posted on July 6 on the CBA website.

ArmInfo.  As part of the 22nd  package of anti-crisis measures developed by the Armenian government  to mitigate the socio-economic consequences of the coronavirus  pandemic, citizens who lost their jobs for the period from March 1 to  June 30 this year will receive lump sum benefits. According to the  press service of the government, the amount of the benefit is 68  thousand drams.

ArmInfo.

ArmInfo.

ArmInfo. The Armenian brandy  segment remains attractive to large alcohol distributors. Thus,  Luding Group of Companies has created an Aivazovsky brand jointly  with the Armenian plant MAP CJSC for its promotion in Russia. In two  years, the partners intend to invest $ 10 million and bring the  product to the top three in the segment. Experts doubt success: many  consumers of such drinks switch to whiskey, and it will be difficult  to promote a new brand in conditions of advertising restrictions.

ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo.IDBank offers to move your business to online platform to use the new privileges of Internet-acquiring with profitable conditions and give an opportunity to your customers to avoid contact with cash and use your services remotely.

ArmInfo. From June 30 to July 2 an online pitching of business projects of self-employed Syrian Armenians, repatriates - residents of the SPARK program of the IRIS Business Incubator Fund was held.

ArmInfo. The Eurasian Fund for  Stabilization and Development (EFSD, Fund), has published a working  paper "Global Financial Safety Net in Eurasia: Accessibility of  Macroeconomic Stabilization Financing in Armenia, Belarus,  Kyrgyzstan, and Tajikistan". The analysis is of particular importance  in the context of the current crisis associated with the COVID-19  pandemic, the Official Website of Organization reports.

ArmInfo.

ArmInfo. A temporary ban on the  export from the countries of the Eurasian Economic Union (EAEU) of certain types of food products has been canceled, TASS reports.

ArmInfo.   Minister of  Territorial Administration and Infrastructures of Armenia Suren  Papikyan during the meeting with   newly appointed Ambassador of the  Islamic Republic of Iran to the Republic of Armenia Abbas Badakhshan  Zohouri  expressed his conviction that the diplomat will contribute  to the expansion and deepening of the Armenian-Iranian long-term  relations. ArmInfo was informed about this in the press service of  the RA Ministry of Territorial Development.