ArmInfo.The Central Bank of Armenia revoked the license of the Universal Credit Company "VARX AM" ("VARKS AM" UKK) for failure to comply with the minimum capital requirement.

ArmInfo.The Central Bank of Armenia condemns the attempts of public pressure from various citizens on financial institutions. As stated in the official  statement of the Central Bank of the Republic of Armenia, the  relationship between the creditor and the subject of lending is fixed  by the contract and regulated by the Civil Code of the Republic of  Armenia.

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ArmInfo.Over the next five years, Armenia will have to occupy 1% of the global economy. Prime Minister Nikol Pashinyan announced this on March 24 in his address.   According to him, Armenia has real prerequisites to improve its  performance in the global economy. As a result of the coronavirus  epidemic, the global recession will exceed $ 3 trillion. In other  words, loopholes will appear in the world economy, which Armenia will  have to occupy with a total turnover of at least $ 30 billion.

ArmInfo. As of March 20, 2020, in Armenia, as part of the pilot program for agricultural risk insurance, 523 insurance contracts were concluded in Armenia. The  press service of the Ministry of Economy of the Republic of Armenia  reported this on March 24.

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ArmInfo. Gold price in Armenia, after a slight increase last week, began to decline.  According to the information provided by "Protection of Precious  Metals and Gemstones" of the RA Ministry of Finance,

ArmInfo. In connection with the identification of cases of coronavirus, Beeline in Armenia provides its mobile subscribers with the opportunity to use a number  of websites of state and social significance for free (without  Internet costs). This is stated in the official statement of the  company's press service.

ArmInfo. In Armenia the volume of online food, vegetables and fruits trade increased by 50%. This was stated during the meeting of Minister of High Technology Industry  of Armenia Hakob Arshakyan with representatives of a dozen companies  specializing in online trading.

ArmInfo.ACBA-CREDIT AGRICOLE BANK has allocated 25 million AMD for prevention and treatment of a new type of coronavirus in Armenia. Of these, 2 million drams were donated exclusively by Bank employees.

ArmInfo. Armenia does not have a mechanism for linking gas prices to oil prices. Mikael Melkumyan, Deputy Minister of Territorial Administration and Infrastructures of the Republic of Armenia Hakob Vardanyan stated this at the plenary sitting of the Parliament on March 24, answering the question of the MP from the Prosperous Armenia faction

ArmInfo. After overcoming the coronavirus, the world seems to face even greater economic problems.  A similar opinion was expressed by ArmInfo, member of the Armenian parliament from the block "My Step" Kristina Poghosyan.