ArmInfo.

ArmInfo.

ArmInfo. For the third time this year, the Central Bank of Armenia has reduced the refinancing rate - this time by 0.5 percentage points to 4.5%. According to the press service of CB RA, ArmInfo was informed that this decision was made on  June 16 at a meeting of the Central Bank Council. In accordance with  this by 0.5 percentage points Lombard repo rates were reduced from  6.5% to 6%, and on deposits attracted from banks - from 3.5% to 3%.

ArmInfo.

ArmInfo. In January-April 2020, the inflow of transfers from Russia to Armenia dropped by 27.1% per annum, with a 0.6% growth in the same period of 2019.

ArmInfo.  Converse Bank offers a comprehensive package of banking services on online platforms, including new online shopping solutions.

ArmInfo.

ArmInfo.

ArmInfo. There is no significant growth in non-performing loans in the banking system of Armenia, moreover, they are at a manageable level. On June 15 newly  elected Chairman of the Central Bank of the Republic of Armenia Martin Galstyan announced this during a meeting of the NA Standing Committee on Financial and Budgetary Issues.

ArmInfo. According to the  assessment of the Central Bank of Armenia, the growth of the Armenian  economy in 2020 will be negative. This was announced during the  meeting of the RA NA Standing Committee on Financial and Budgetary  Issues, presenting the report of the Central Bank of the Republic of  Armenia on the implementation of monetary policy, newly elected  Central Bank Chairman Martin Galstyan said. In this regard, he  emphasized that the recession would be lower than expected.

ArmInfo. RA Prime Minister Nikol Pashinyan introduced the newly elected chairman Martin Galstyan to the staff of the Central Bank of Armenia.

ArmInfo.

ArmInfo. Federal Republic of Germany will provide Armenia a loan of 20 million euros under the  agreement on financial and technical cooperation. The parliamentary  committee on financial-credit and budgetary issues at a meeting on  June 15 made a positive conclusion on the draft agreement submitted  by the government. The document will be considered at the plenary  session of the National Assembly of the Republic of Armenia.

ArmInfo.

ArmInfo.

ArmInfo. Arthur Javadyan, leaving the post of head of the Central Bank of Armenia, in his farewell address said that the coming years will be peculiar in terms of recovery and development.

ArmInfo.

ArmInfo. In January-May 2020 the RA State budget's tax revenues, despite the situation with the pandemic, increased by 2.2%, amounting to 583.6 billion drams. This was announced on June 12 during a press conference by the Deputy Head of the Department of the State Revenue Committee of the Republic of  Armenia (SRC) on tax audits Arthur Hakobyan

ArmInfo.The government in the anti-crisis package adopted the 5th program, which included providing assistance to employees of enterprises that were not registered. Assistance was received by 187,000 citizens through the banking  system. But the hopes that banks would strictly comply with  anti-epidemic measures were dashed. Therefore, the government thereby  contributed to the spread of coronavirus. Prime Minister of Armenia  Nikol Pashinyan stated from the rostrum of the parliament.

ArmInfo. The RA Investigative Committee has uncovered many episodes of official and economic crimes in several areas of unprecedented criminal proceedings under the North-South project.