ArmInfo. In January-February 2020, Armenia sharply increased the volume of aluminum foil production, while a year earlier over the same period the dynamics of  foil production showed a negative trend.

ArmInfo."If we begin to dictate prices, I assure you that in 5 minutes a" black "market will emerge," said Gegham Gevorgyan, Chairman of the State Commission for  the Protection of Economic Competition of the Republic of Armenia  (SCPEC), during a meeting of the Standing Committee on Economic  Affairs on April 7.

ArmInfo.

ArmInfo. Armenia intends to increase wine export volumes in the Canadian market. Deputy Minister of Economy Avag Avanesyan announced this on April 7 during a meeting of the NA Standing Committee on Economic Affairs.

ArmInfo. The idea of virtual fiscal operations will be introduced in Armenia, including through cash registers. On April 7, Deputy Minister of Finance of Armenia  Arman Poghosyan said this at a hearing in the parliamentary Committee  on economic issues.

ArmInfo.

ArmInfo. Some types of economic and business activity in Armenia are currently limited due to the new type of coronavirus pandemic. Armenian Ambassador to China Sergey Manasaryan stated this in an interview with China magazine, referring  to the impact of the pandemic on the Armenian economy and the  prospects for the implementation of new projects after the crisis.

ArmInfo.The Ministry of Finance of Armenia is preparing amendments to the law "On the Budget System". Minister of Finance of the Republic of Armenia Atom  Janjughazyan announced this on April 7 during a meeting of the  parliamentary Committee on economic issues.

ArmInfo. The gross international reserves of Armenia decreased in the Q1 of 2020 by 9.4% or $ 267.6 million, amounting to $ 2.582 billion. This is evidenced by the data  of the Central Bank of Armenia. Of these, the lion's share - $ 2.579  billion falls on external assets in hard currency, and the share of  SDR in the IMF amounted to $ 2.7 million.

ArmInfo."Taking into account the current situation, capital expenditures will continue to remain super-priority for the government," the Minister of Territorial  Administration and Infrastructures of the Republic of Armenia Suren  Papikyan said at a meeting of the RA NA Standing Committee on  Economic Affairs on April 7.

ArmInfo. Micro-loan advertising in Armenia may be limited to 200 thousand drams.  Amendments to the law "On consumer lending" and the package of  related laws were discussed at a meeting of the parliamentary  commission on financial-credit and budgetary issues.  Documents in  the prescribed manner will be considered at the plenary session of  the RA National Assembly.

ArmInfo.

ArmInfo.

ArmInfo.The State Revenue Committee (SRC) of the Republic of Armenia presented contacts for feedback with the customs attache at the Armenian Embassy in Russia.   According to the press-service of the SRC RA received in ArmInfo,  from now on, contacts will be involved in maintaining feedback with  the customs attache at the Armenian embassy.

ArmInfo.The issue of gas prices has been the subject of political speculation for many years. On April 6, Prime Minister of Armenia Nikol Pashinyan stated this  during online questions and answers.

ArmInfo.The process of lending to agriculture in Armenia has already begun. The Prime Minister of the Republic of Armenia Nikol Pashinyan announced this live on his  Facebook page.  In this regard, he noted that banks started lending  to farmers.

ArmInfo. Like before the coronavirus pandemic, now the priority task of the Armenian  government is to develop the economy, including through the  industrial sector. On April 6, Prime Minister of Armenia Nikol  Pashinyan stated this during online questions and answers.

ArmInfo. In 2019, the unemployment rate in Armenia decreased by 1.6%. So, according to the results of 2019, the average annual unemployment rate in the RA was  17.9%, compared to 20.5% in 2018 and 20.8% at the end of 2017. 

ArmInfo. In Armenia, the state debt grew by 6% per annum by March 2020 - up to $ 7.4 billion (3.5 trillion drams). In its structure, y-o-y growth of both external debt  - by 4% to $ 5.7 billion (2.7 trillion drams) and internal - by 14.1%  - to $ 1.6 billion (773.3 billion drams) was recorded. This is  evidenced by the preliminary data of the RA Ministry of Finance,  published in the monthly report of the Statistical Committee.

ArmInfo.The process of implementing capital programs will continue to be in the focus of attention of the Prime Minister. This was announced during a meeting  in the Government of the Republic of Armenia chaired by Nikol  Pashinyan, during which the participants discussed issues related to  capital programs planned for the current year in the field of water  supply and credit programs attracted years earlier.