ArmInfo. After ratification of the agreement on freedom of goods, services and investments between Singapore and the RA, Armenia will be able to take advantage of privileges so far only in terms of services. This was announced by  the Deputy Minister of Economy of the Republic of Armenia Varos  Simonyan during a meeting of the RA NA Standing Committee on Regional  Integration and Eurasian Integration.

ArmInfo. World Bank (WB) forecasts for Armenia's GDP for 2020 look better than those for its neighboring countries and EAEU. According to the WB economic report "Combating COVID-19. Economic Perspective in the Europe and Central Asia Region"  (Fighting Covid- 19. ECA Economic update), in 2020 in Armenia GDP  growth will reach 1.7% (according to the baseline scenario) , while  in Georgia GDP is expected to grow by 0.1%, in Turkey - GDP growth by  0.5%, and in Azerbaijan GDP is projected to decline by 0.2%.

ArmInfo. Armenia applied to the  Eurasian Fund for Stabilization and Development (EFSD) for an  anti-crisis grant. This was announced on May 4 by the Deputy Minister  of Economy of the Republic of Armenia Varos Simonyan during the  meeting of the RA NA Standing Committee on Regional and Eurasian  Integration Affairs.

ArmInfo.

ArmInfo.

ArmInfo.  With the exception of a  general approach to help mitigate the socio-economic consequences of  coronavirus, in particular revising loan maturities and government  support measures, ACBA-Credit Agricole Bank discusses other support  programs for the most vulnerable groups of customers, which is the  Bank's internal approach. This was stated by Hakob Andreasyan, CEO of  the Bank.

ArmInfo.By April 1, 2020 the share of non-cash card transactions reached 30% of the total volume of plastic transactions in Armenia.

ArmInfo.Ardshinbank’s placement of US$300 million Eurobonds in the international capital marketswas selected as the most outstanding in its category in Europe and was recognized as Deal of the Year by The Banker, a leading global business magazine and part of the Financial Times Group.

ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo.For the development of startups and new technologies, both a developed education system and the creation of an appropriate environment and conditions are  necessary. RA President Armen Sargsyan stated that during a distance conversation with representatives of the Armenian Armenian start-up ecosystem.

ArmInfo. The Armenian government needs to work for the long term, not limited to programs aimed at resolving situational, momentary problems. A similar opinion was  expressed by ArmInfo member of the Permanent Parliamentary Commission  on Economic Affairs from the My Step faction Gevorg Papoyan.

ArmInfo. An application by Gazprom-Armenia, or rather Gazprom, to raise gas tariffs for Armenia is inappropriate and unacceptable. Such an  opinion was expressed to  ArmInfo economist Vahagn Khachatryan.

ArmInfo. Armenia's Foreign Minister Zohrab Mnatsakanyan and World Food Program (WFP)  Representative and  Country Director in Armenia Jelena Milosevic  remotely signed a Memorandum of Understanding aimed at fulfilling the  WFP national strategy plan for 2019-2024.  The press service of MFA  of Armenia reports. 

ArmInfo.

ArmInfo.It has been more than a month already since we are communicating and working remotely. This was a challenge not only for someone regularly going to work every day, buying essentials in the stores, but also for businesses engaged in different fields. The banking system was not an exception.

ArmInfo.

ArmInfo.

ArmInfo. The crisis time for Armenia suggests that we need to pay very much attention to land reform and introduce about 200 thousand hectares of arable land,  which is currently not being cultivated.