ArmInfo.The European Bank for Reconstruction and Development (EBRD) and the Asian Development Bank (ADB) will provide Electric Networks of Armenia CJSC with $ 25 million and $ 20 million credit resources respectively, the press  service of the electric networks reports.

ArmInfo. In the domestic market, there is a drop in wine consumption by 70 percent - from 10 million bottles to 3 million bottles. For a long time shops, restaurants,  cafes were closed. Regarding brandy, no special changes have occurred  - sales in Armenia have never been particularly high. Chairman of the  Union of Winemakers of Armenia Avag Harutyunyan expressed a similar  opinion to ArmInfo. 

ArmInfo. Transaction losses in  the acquisition of securities will be reduced in Armenia. The  National Assembly of Armenia at the sitting on June 3 in the first  reading adopted the amendments to the law "On Currency Regulation and  Currency Control" submitted by the NA lawmaker from the "My Step"  faction Artak Manukyan.

ArmInfo.Armswissbank successfully placed the third tranche of its AMD registered coupon bonds. As the press service of the bank told ArmInfo, the bonds of this issue  (AMSWISB2CER2) were placed at the Stock Exchange of Armenia as a  result of which the bonds with a nominal value of AMD 9,700 bln were  fully placed, demand exceeded supply by almost 14%.

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ArmInfo. Due to the pandemic, uncertainty in the real estate market persists.

ArmInfo.On June 4, the Public Services Regulatory Commission (PSRC) will hold regular discussions on the new gas tariffs proposed by Gazprom Armenia. 

ArmInfo.The European Bank for Reconstruction and Development (EBRD) is launching a free-to-use online learning and advice programme to support micro, small and medium-sized enterprises (MSMEs) confronted with the economic impact  of the coronavirus pandemic, the press service of the Bank reports.

ArmInfo.Armenia's Ambassador to Iran Artashes Tumanyan at a meeting with Iranian Oil Minister Bijan Namdar Zanganeh noted that construction of the third power  transmission line between the two countries will be completed this  year, which will make it possible to fully use the capabilities of  the Armenian-Iranian gas pipeline, increasing several times volumes  of gas imported into Armenia and electricity in Iran.

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ArmInfo.Central Bank of Armenia and the Alliance for  Financial Inclusion (AFI) are organizing the 5th Experts Group on  Financial Inclusion Policy (EGFIP) Meeting on 1-3 June 2020, the  first AFI regional initiative to be held virtually given the  magnitude of the global crisis posed by COVID19.

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ArmInfo.On May 30, a meeting was held under the chairmanship of the Prime Minister of Armenia, Nikol Pashinyan, at which the issue of introducing a system for  declaring personal income was discussed, as well as a schedule of  measures to introduce this system.

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ArmInfo.Armenia's Deputy Prime Minister Mher Grigoryan via videoconferencing took part in a meeting of the Council of CIS Heads of Government. The agenda of the meeting contained 15 issues, including a joint statement by the heads of  government of the CIS member states in connection with the spread of  a new coronavirus infection.  

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