ArmInfo.

ArmInfo.For the first quarter of 2020, Armenian insurers reimbursed 6.4 billion drams or $ 12.7 million for different classes (the figures are given from the reports of UK portfolios according to the standards of the CBA). Annual  growth in insurance claims accelerated from 4.3% to 7.1%.

ArmInfo.

ArmInfo.

ArmInfo.In the Q1 of 2020, premiums of Armenian insurance companies decrease due to the outbreak of the coronavirus pandemic. According to the Financial Rating of Armenian Insurance Companies prepared by ArmInfo IC, premiums fell by 4.2% y-o-y against 17.6% last year. The decrease in the volume of collected premiums was accompanied by a significant slowdown in the  growth of insurance payments - up to 5.8% compared to last year's  13.3%.  

ArmInfo. 50 billion drams will be allocated for the implementation of the long-term development program of the Armenian economy.The decision on this was made at a meeting of the RA government on May 21.

ArmInfo.Until October 27, 2020, the results of an international tender to select a company that will build a 200-megawatt Aig-1 solar power plant of industrial importance will be summed up in Armenia.

ArmInfo. Armenia and Russia reached a number of agreements in the field of high technology and industry.

ArmInfo.

ArmInfo.Despite the apparent direct link between the creation of a common market and common gas tariffs in the EAEU, there is a mismatch of positions in this issue. 

ArmInfo. As of today, 1,500 companies involving 16,000 people are involved in the field of information technology in Armenia. This was announced at the online  press conference of the Club of Economic Journalists by the Deputy  Minister of High-Tech Industry of Armenia Stepan Tsaturyan.

ArmInfo.Armenia's IT sector is having a hard time due to the global crisis. Every tenth IT company in the country was on the verge of closure due to a decrease in foreign orders. This was announced today at an online conference of  the Club of Economic Journalists by the executive director of the  Union of Advanced Technology Enterprises of Armenia Karen Vardanyan.  

ArmInfo. The assets of the banking system of Armenia slowed down annual growth from 16.1% to 15.3%, amounting to 5.9 trillion drams ($ 11.7 billion) as of April 1, 2020.  According to the Express-Ranking of Banks of Armenia, prepared by ArmInfo IC, in their structure credit investments and other loans  reached 3.8 trillion drams ($ 7.5 billion), with annual growth  accelerating from 16.2% to 20.4%.

ArmInfo.Vehicles engaged in international passenger and freight transportation will need to be equipped with tachographs that provide continuous and non-correctable information about the speed and movement of the route, the mode of  work and rest of the driver.

ArmInfo. The banking system of Armenia increased its net profit in the first quarter of 2020 by 40% per annum to 23.3 billion drams ($ 46.3 million), while a year earlier a subsidence of 17.4% was recorded.

ArmInfo.VEON Group (Amsterdam Residence) has published an annual report on corporate social in economic results, compliance  with ethical standards, steps aimed at protecting the environment, as  well as social investments made by companies. This was reported by  the press service of Beeline in Armenia.

ArmInfo.

ArmInfo.The prices of precious metals registered growth after decline in Armenia. So, in the current week, prices for precious metals increased on average by 2.6% against the 1.5% decline in the previous week.

ArmInfo. In the first quarter of 2020 the service sector in Armenia reduced the y-o-y growth rate from 17.3% (for the same period of 2019) to 5.7%, amounting to 452.4 billion AMD ($ 937.8 million). According to the data of the  Statistical Committee of the Republic of Armenia, for March 2020 the  volume of services provided decreased by 5.3%, to 147.1 billion drams  (over $ 301 million).

ArmInfo.