ArmInfo.

ArmInfo. The hotel business continues to incur losses due to the spread of the COVID-19 coronavirus. According to the Chairman of the Tourism Committee of  the Republic of Armenia Susanna Safaryan at a March 30 press  conference, many hotels in Armenia are almost mothballed due to the  lack of tourists.

ArmInfo.The situation with coronavirus has undermined the tourism sector of Armenia. According to the chairman of the Committee on Tourism of Armenia Susanna  Safaryan at a March 30 press conference, in the first three months of  this year, Armenia lost about 175 thousand tourists compared to the  same period last year. Losses of the tourist field have not yet been  calculated, however, according to Safaryan, it is worth considering  that each tourist spends $ 770 on average in Armenia. Thus, this  figure may exceed $ 134 million.

ArmInfo. As part of the global response to the coronavirus outbreak, the European Commission stands by Eastern partner countries and has reallocated 140 million  EUR for the most immediate needs in Armenia, Azerbaijan, Belarus,  Georgia, the Republic of Moldova, and Ukraine. In addition, the  Commission will also redirect the use of existing instruments worth  up to 700 million EUR to help mitigate the socio-economic impact of  the coronavirus crisis, the official website of  the Organization  informs.  

ArmInfo.During an extraordinary meeting on March 30, the Government of the Republic of Armenia unanimously adopted the 8th package of anti-crisis measures  to support employees and individual entrepreneurs of the most  vulnerable areas of economic activity in the context of the  coronavirus epidemic.

ArmInfo. Joint-stock companies, commercial banks and insurance companies will be able to conduct a general meeting of shareholders remotely. The RA National  Assembly at an extraordinary meeting on March 30 discusses amendments  to the laws "On Joint Stock Companies", "On Banks and Banking  Activities" and "On Insurance and Insurance Activities".

ArmInfo.In Armenia, third party liability insurance contracts concluded online are continuing to grow rapidly.

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ArmInfo.The Prosperous Armenia Party held an extraordinary meeting on March 29, during which it was decided to submit to the government 7 anti-crisis proposals to  stabilize the situation in the country.

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ArmInfo. The Government of Armenia presented the second package of measures to neutralize the economic consequences of the pandemic of the coronavirus (COVID-19).

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ArmInfo.The Asian Development Bank (ADB) is considering the possibility of assisting Armenia in the conditions of the COVID-19 crisis. This became known during the meeting between the Prime Minister of the Republic of Armenia Nikol  Pashinyan and the Head of the ADB Armenian Office Paolo Spantigati.  This was reported by the press service of the government.

ArmInfo.Starting today, Ardshinbank, together with the SAS supermarket chain, will provide food for more than 870 pensioners aged 76 years and older. Also, Ardshinbank will provide financial assistance to more than 2,400 retirement age clients in all regions of the country.

ArmInfo. The Government of the Republic of Armenia presented an updated list of economic activities, which temporarily prohibited by decision of the Commandant's Offfice under emergency conditions. Deputy Prime Minister of the Republic of  Armenia Tigran Avinyan announced this on his Facebook page.

ArmInfo. From March 20 to this day, commercial banks of Armenia have revised the terms of loans of 96 thousand individuals and 3395 legal entities. The Prime Minister  of the Republic of Armenia Nikol Pashinyan wrote about this on his  Facebook page.

ArmInfo.Gazprom Armenia CJSC will refrain from suspending the gas supply process to consumers in case of untimely payment for the services rendered. This was said in  a statement.

ArmInfo.Converse Bank has launched a new Mobile Banking App.  The app is simple, functional, and flexible.