ArmInfo.Passenger traffic in Armenia in January-February 2020 decreased by 1.8% - to 28726.1 thousand people, against a decline of 0.9% a year earlier. This is  evidenced by the data of the RA Statistical Committee. Moreover, the  deepest decline is observed in terms of air transportation - by 20.1%  to 472 thousand people. Road transport decreased by 2.8% to 24,338.2  thousand people.

ArmInfo.Fitch Ratings has revised the Outlook on Armenia's Long-Term Issuer Default Ratings (IDR) to Negative from Stable and affirmed the IDRs at 'BB-'. It has also  revised the forecast for Armenia's GDP growth for 2020 towards a  slowdown to 0.5%. This is stated in the rating actions commentary  published on the Fitch website.

ArmInfo. Revenue of Armenia's communication sector in January- February 2020, amounted to 23.2 billion drams ($ 48.5 million), and the y-o-y growth slowed from  2.5% to 0.5%. According to the RA Statistical Committee, the lion's  share of the total revenue was provided by the telecommunications  sector - 90% or 20.9 billion drams, which was reduced by 0.6%  (compared to a 1.5% decline last year).

ArmInfo.An increase in domestic gas tariffs in Armenia will lead to a drop in consumption and, accordingly, Gazprom Armenia CJSC will not bring any financial  dividends. A similar opinion was expressed by ArmInfo Vice-Chairman  of the Armenian National Congress Aram Manukyan.

ArmInfo. In Armenia, economic activity in January-February 2020 increased by 8.7% compared to the same period in 2019, compared to last year's 6.5% growth. According  to the final data of the RA Statcommittee, the annual growth was  provoked to a greater extent by the industrial sector and the energy  complex.

ArmInfo. Prosperous Armenia faction member Naira Zohrabyan is in search of a director on the eve of the lost license of Varks AM credit company. The deputy wrote  about this on her Facebook page. "I ask those who find him to inform  me," she wrote.  

ArmInfo. The General Directorate of Civil Aviation (GUGA) of Armenia denies information about the deprivation of its license.

ArmInfo.Chaired by Prime Minister Nikola Pashinyan the day before the government held a meeting in which the heads of departments representing the economic  bloc of the government and specialists of the Central Bank took part.

ArmInfo.The Asian Development Bank (ADB) forecasts for Armenia an increase in 2020 of the current account deficit to GDP to 8.6%, with a slight decrease in 2021 to  8.2%. This forecast was published on April 3 in the ADB economic  report, Asian Development Outlook 2020.

ArmInfo.According to the forecast of the Asian Development Bank (ADB) in Armenia, a slowdown in foreign trade turnover is expected in 2020, with a slight  acceleration in 2021. In particular, export growth will slow sharply  to 2.5% in 2020, with an acceleration to 7.5% in 2021, while import  growth will slow to 7.5% in 2020 with the continuation of this trend  and to 6.5 in 2021 % This forecast was published on April 3 in the  ADB economic report, Asian Development Outlook 2020.

ArmInfo.The Armenian government will continue to develop anti-crisis measures aimed at overcoming the consequences of the coronavirus. This was announced on  April 4 at a meeting on the implementation of capital expenditures,  said Prime Minister Nikol Pashinyan.

ArmInfo.

ArmInfo.According to the forecast of the Asian Development Bank (ADB), inflation in Armenia in 2020 will be 2.8% (versus 1.4% in 2019), and in 2021 - 2.2%. This  forecast was published on April 3 in the ADB economic report, Asian  Development Outlook 2020.

ArmInfo. Deputy Prime Minister and Commandant of the State of Emergency Tigran Avinyan made a new decision on temporary restrictions on the export and import of  certain items of goods.

ArmInfo.Amid the impact of COVID-19 and lower consumption, economic growth in Armenia will slow down to 2.2% in 2020, analysts at the Asian Development Bank (ADB) say.

ArmInfo.In the government, with the participation of the Prime Minister of the Republic of Armenia, Nikol Pashinyan, discussions continue to be held with the aim of  solving the socio-economic problems caused by the coronavirus.

ArmInfo.In the consumer market of Armenia in the first quarter of 2020, inflation was recorded at 1.7% compared to last year's 2.6%. In the first quarter of this year  inflation was mainly triggered by a 3.9% increase in food prices and,  to a lesser extent, an increase in service tariffs by 0.4%, while  non-food prices dropped by 0.5%.

ArmInfo.  In order to minimize the negative economic consequences of the spread of coronavirus infection COVID-19, to prevent a shortage of socially important goods in the EAEU countries, the Council of the Eurasian Economic Commission on  April 3 approved a list of critical import goods. In relation to  them, a tariff exemption is provided in the form of exemption from  import customs duties when importing into the states of the Eurasian  Economic Union from April 1 to June 30 of this year inclusive.

ArmInfo.Representative of the Food and Agriculture Organization of the United Nations (FAO) Raimund Jehle and Deputy Minister of Economy of the Republic of Armenia Arman Khojoyan, through remote communication, discussed the priorities of  the FAO in Armenia and the continuation of joint work in the  situation in conditions of the coronavirus.

ArmInfo. The United Nations Conference on Trade and Development (UNCTAD) is ready to update the report with an analysis of the investment policy of the Republic of  Armenia in the context of global challenges and opportunities.  Director of Investment and Enterprise at the United Nations  Conference on Trade and Development (UNCTAD) James Zhan stated this,  during a video conversation with the President of Armenia Armen  Sarkissian, noting that he would start this process as soon as  possible.