ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo.  In the current  circumstances due to the coronavirus, banks are ready to act as  intermediaries between the government and the population, providing  their support to jointly overcome the difficulties that have arisen.  Thus, banks will help not only to cope with a difficult situation,  but will also further contribute to the development of such sectors  of the economy as SMEs and agriculture. This was stated by Executive  Director of the Union of Banks of Armenia (UBA) Seyran Sargsyan  referring to the work carried out by the system and state programs to  neutralize the economic consequences of the coronavirus (COVID-19).

ArmInfo. For a rather large food  sector, Armenia has a rather high level of self-sufficiency. On April  15, Prime Minister of the Republic of Armenia Nikol Pashinyan stated  this from the parliamentary tribune, adding that this conclusion was  made on the basis of repeated discussions in the government on food  security.

ArmInfo.

ArmInfo. According to the  latest data, over 700 agreements on the state program of agricultural  risk insurance were concluded in Armenia. Anna Ohanyan, Spokeswoman  for the Ministry of Economy of the Republic of Armenia, said this at  a press conference in the Unified Information Center on April 15.

ArmInfo.

ArmInfo. Armenia is not in the worst situation compared to other countries in the region in terms of decrease of the credit rating.  The Deputy Minister of Economy of the  Republic of Armenia Avag Avanesyan expressed this opinion during a  press conference at the Unified Information Center on April 15,  speaking about the impact of the country's rating given by  international rating organizations.  In this regard, he recalled that  Armenia is not the only country in the region, the rating of which,  has been downgraded. However, the Deputy Minister emphasized that, in  conditions of the general negative assessment, rating organizations  praised the actions of the Government of the Republic of Armenia,  which, in their opinion, are in tune with the development of the  situation, both in terms of speed and goals. 

ArmInfo. The Prosperous Armenia faction of the National Assembly of the Republic of Armenia proposes to create a new financial structure in the country - Post  Bank, which will deal with issues related to servicing pensioners.  A similar initiative was introduced at the plenary session of the  Armenian parliament on April 15 by the deputy of the faction Mikayel  Melkumyan, commenting on the amendments to the law "On State  Pensions" submitted by the government.  

ArmInfo.  EU financial  assistance provided to Armenia may increase. On April 15 during a  press conference at the Unified Information Center Deputy Minister of  Economy of the Republic of Armenia Varos Simonyan said  recalling  that earlier it was stated that the EU will allocate Armenia 92  million euros to support the most affected by the crisis layers of  the population, strengthen the health care system and promote the  sector of SMEs.  

ArmInfo. The Ministry of Economy of the Republic of Armenia is preparing a new list of products of social and economic importance for consideration by the  EAEU for temporary reduction or zeroing of customs duties amid  importing from third countries. Deputy Minister of Economy of the  Republic of Armenia Varos Simonyan announced this during a press  conference on April 15 at the Unified Information Center.  

ArmInfo. The Eurasian Development Bank (EDB) is ready to provide the entire necessary infrastructure and become a system-forming structure for settlements  in national currencies in mutual trade of the EAEU countries. EDB  Deputy Chairman of the Board Andrei Krainy said  in response to the  proposal made by Prime Minister Nikol Pashinyan yesterday to use the  capabilities of the EDB for calculating mutual trade in national  currencies.

ArmInfo. The Armenian side proposes to be guided by the principles of transparency, impartiality and ensuring equal conditions when developing a policy for setting  tariffs for gas transportation services on the EAEU market.

ArmInfo. 959,997,905.7 AMD were received to the special account of assistance in the fight against the epidemic of coronavirus as of April 14, 6:00pm.  This was  reported by the press service of the Ministry of Finance of Armenia.   According to the source, a total of 3,678 payments were made. 

ArmInfo.The cost of gold in Armenia continues to maintain a positive trend amid a general decline in prices for precious metals. So, this week the decline in prices  was registered at the level of 0.5%, instead of growth by 5.1% a week  earlier.

ArmInfo. "HSBC Bank Armenia" CJSC (HSBC Armenia) will be allocating AMD15 million to COVID19 relief and recovery effort in Armenia.

ArmInfo. In the context of the spread of the pandemic and the state of emergency declared in the country, the SRC revealed violations in the behavior of a number of  economic entities.

ArmInfo. Beeline jointly with the Ministry of Education, Science, Culture and Sports of the Republic of Armenia has developed a special tariff package for organizing a more convenient distance learning process in Armenia.   According to the company's press service, only those teachers and  students who have special certificates provided by the Ministry can  become beneficiaries of this proposal.  

ArmInfo. The Board of Governors of one of the leading telecommunication companies in Armenia, Ucom, dismissed Hayk Yesayan, General Director of the  company. This is stated in a Ucom official statement released after  the Council meeting.