ArmInfo. VEON, the world's  leading provider of communications and Internet services, confirms  the fact of entering into negotiations with Team LLC regarding the  possible sale of its business in Armenia.

ArmInfo. According to the  results of 2019, the share of the high technology sector in the  structure of the GDP of the Republic of Armenia amounted to only  2.4%. This was announced on June 8 by the Minister of High Technology  Industry Hakob Arshakyan at a joint meeting of the RA NA Standing  Committees on Economic, Financial and Budgetary Issues. He noted that  according to the results of 2018, the share of the sphere in GDP  amounted to about 2%. "This is a good indicator, but given the  potential of Armenia, we could have better results," he emphasized.  In particular, the minister said that following the results of the  previous year, the sphere's turnover amounted to 320 million drams,  which is 30% more than the indicator of the previous year.

ArmInfo. S&P Global Ratings  maintained Ameriabank's credit rating, leaving the forecast  unchanged. As ArmInfo was informed in the press service of the bank,  the long- and short-term credit rating of the issuer represented by  Ameriabank was kept at "B + / B" with the forecast "Stable". It is  worth noting that to this day, S&P has not assigned a country rating  to Armenia.

ArmInfo. The metallurgical  industry of Armenia increased in January-April 2020. production  volumes by 28%, against the 13.1% decline a year earlier. This is  evidenced by the data of the Statcommittee of the Republic of  Armenia.

ArmInfo.In the near future, a  capital market development strategy will be submitted for approval by  the Armenian government. On June 8, Minister of Economy of the  Republic of Armenia Tigran Khachatryan stated this at a hearing in  parliamentary commissions on a preliminary report on the  implementation of the state budget of 2019.

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ArmInfo.  Electricity generation  in Armenia in January-April 2020 amounted to 2670.7 million kWh, with  y-o-y growth of 10.3%, against a decline of 9.2% a year earlier.   However, in April alone a decline of 5.6% was recorded to 587.4  million kWh.

ArmInfo. The negative trend of the manufacturing industry in January-April 2020  affected the growth   date of the industrial sector in Armenia. According to the data of  the Statistical Committee of the Republic of Armenia, during the  reporting period, the volume of industrial production of Armenia  increased by 4.2% versus the same period of 2019 (against the 4.5%  growth a year earlier), amounting to 585.2 billion drams ($ 1.2  billion). In April alone, the industry showed a decline of 9.2% to  135 billion drams ($ 275.8 million).

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ArmInfo. European Bank for  Reconstruction and Development (EBRD) for the second year in a row,  this time following the results of 2019, names its trade finance  partner, Armswissbank, as the most active issuing bank in Armenia. As  the Bank's press service told ArmInfo, the TFP Awards ceremony, which  was to be held at the annual meeting and the EBRD business forum in  May 2020, had to be canceled due to the Covid-19 pandemic, but the  list of winners is presented on the EBRD published on June 4. The  winners of the honorary award were 27 banks, along with Armswissbank  TBC (Georgia), Belinvestbank (Belarus) and JSC Bank Centercredit  (Kazakhstan) are also on the list.

ArmInfo.  Following the results  of 5 months of 2020, an increase in revenues to the state budget by  2.3% was registered in Armenia. Artur Manukyan, Deputy Chairman of  the RA State Revenue Committee (SRC),  announced on June 8 during the  joint meeting of the RA NA Standing Committees on Economic,  Financial, and Budgetary Affairs.

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ArmInfo. In Armenia electricity  tariffs will not increase, at least until February 1, 2021. Chairman  of the Commission for Regulation of Public Services (PSRC) Garegin  Baghramyan announced this on June 8 in a conversation with reporters.

ArmInfo.Until August 10, 2020, Veolia Jur will submit an application to the Public Services Regulatory Commission (PSRC) to review tariffs for water services. On  June 8, Garegin Baghramyan, chairman of the RA Public Services  Regulatory Commission, announced this in an interview with reporters.

ArmInfo.Gas tariffs for some groups of consumers will increase slightly in Armenia. On June 8, Garegin Baghramyan, chairman of the Public Services Regulatory  Commission (PSRC) of the Republic of Armenia stated this in an  interview with reporters.

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ArmInfo. In January-April 2020, the y-o-y output of aluminum foil in Armenia increased by 12.5%, amounting to a total of 11,686 tons, against the 4.1% decline a year  earlier over the same period.

ArmInfo.The policy of theGovernment of the Republic of Armenia is aimed at changing the structure of the economy

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