ArmInfo. Dexatel Armenian  telecommunication company became an official partner of Viber  application. This is stated in the international financial  publication MarketWatch  (https://www.marketwatch.com/press-release/dexatel-collaborates-with -viber-to-deliver-advancedmessaging- solutions-to-business-owners-2020-06-23 ? fbclid = IwAR3gwdM7SiShDBnpC6KAmdLlK_VztCYvf9lougYQB-  6Y9N0XGDW-oY1QwrQ).

ArmInfo.From now on, IDBank is the strategic partner of the initiative of Idram Company, “The power of 1 dram”. The program is aimed at the development of a number of fields of vital and strategic importance.

ArmInfo. A network of Russian  apart-hotels YE'S launches a franchise for the construction and sale  of an apart-hotel. According to the official statement from the  apart- hotel chain, the new product will be available to developers  from all regions of Russia and the CIS, including Armenia, Georgia,  Belarus and others. The franchise will allow potential partners to  use the YE'S concept for the implementation of the turn-key  apart-hotel project .

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ArmInfo. Reducing the refinancing rate will not significantly affect the reduction of interest rates in the economy. A similar opinion on June 25 from the  rostrum of the National Assembly of Armenia, answering the questions  of the deputies, was expressed by the Chairman of the Central Bank of  the Republic of Armenia Martyn Galstyan.

ArmInfo. In May, nominal wages in May went from recession to growth due to the resumption of private sector activity. According to preliminary data of the Statistical Committee of the Republic of Armenia, in January-May 2020, nominal  wages accelerated the annual growth rate to 7.9% from 5.4% in  January-May 2019, amounting to 190166 drams ($ 393).

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ArmInfo. An unfavorable economic situation will lead to a decrease in the quality of the assets of the banking systems of Georgia and Armenia and a possible outflow of deposits of non-residents from Armenian banks. This was reported by IA "Finmarket", referring to a review of the international rating agency  S&P Global Ratings.

ArmInfo. A more impressive decline in imports than exports reduced the foreign trade deficit of Armenia in January-May 2020 by 18% per annum. At the same time, in May alone decline of this indicator amounted to 23.1%, against the background of high export growth with a modest increase in imports. And in May  2020, compared with May 2019, the foreign trade deficit decreased by  35.4% as a result of a significant decline in imports with a modest  drop in exports.

ArmInfo. ACBA-Credit Agricole Bank has signed a loan agreement with the European Bank for Reconstruction and Development (EBRD) for $ 20 million, which will be used to finance micro, small and medium-sized enterprises affected by COVID-2019.

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 versus May 2019, economic activity decreased by 12.8%, while in May 2020 alone, it demonstrated an increase of 13.3%. A year earlier, during the same  periods, economic activity recorded growth: in January-May 2019,  versus the same period of 2018, by 7.3%, the same indicator was  recorded in May 2019 compared to May 2018, and in May alone- by 8.4%.

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ArmInfo.

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