ArmInfo. In connection with the spread of the COVID-19 virus throughout the world, the  uncertainty of economic activity and its prospects has intensified, which has increased the challenges for ensuring macroeconomic stability.

ArmInfo. The INGO Armenia insurance company decided to switch to an emergency mode of remote servicing, based on social responsibility to customers and taking  into account the government decision to introduce an emergency. This  was reported by the press service of INGO Armenia IC, while  simultaneously notifying that all employees of the insurance company  will work from home, ensuring uninterrupted workflow.

ArmInfo.The Armenian government proposes to extend the duration of state duties on cement imported from Iran and several other countries until July 1. On March  18, the Deputy Minister of Economy Avag Avanesyan informed about such  intention during the sitting of the NA Standing Committee on Economic  Affairs.

ArmInfo. Taking into account the events taking place all over the world, Beeline in Armenia decided that all subscribers of the company who have activated  roaming can call the numbers of the Ministry of Health +37410550601  and +37460838300 from March 17 to 31 free of charge.

ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo.Overcoming the $ 25 oil barrel threshold will usher in a global recession. At the same time, certain prerequisites for such a scenario are already visible. The  director of the Institute for Energy Security, member of the  political council of the One Armenia party Vahe Davtyan expressed a  similar opinion to ArmInfo.

ArmInfo.VTB Bank (Armenia), as a socially oriented bank, offers its individual borrowers a two-month delay in paying loans - from March 17 to May 17. As explained in the bank's statement, the deferral concerns both repayment of the  principal loan amount and interest payments on dram and foreign  currency loans.  

ArmInfo.Work is underway to create an electronic platform for assessing the  sanitary-epidemiological situation in Armenia. The Minister of  High-Tech Industry Hakob Arshakyan said this on March 17 at a press  conference in Yerevan.

ArmInfo.Most telecommunications employees switched to work remotely. The Minister of High-Tech Industry of the Republic of Armenia Hakob Arshakyan  announced this at a press conference in Yerevan on March 17.

ArmInfo.

ArmInfo.

ArmInfo.Taking into consideration the current situation in the country with the spread of the new coronavirus, and taking care of our customers, IDBank has made a decision to give an opportunity to its physical entity customers to make their credit repayments the day preferred by them in the period from March 17 to April 17. If the customers do not make the repayments within the specified period, no penalties or fines will apply, the credit will not be classified and the borrower's credit history will not suffer.

ArmInfo.In January-February 2020 the gross international reserves of Armenia decreased by 6.4%, amounting to $ 2.659 billion. This is evidenced by the data of the  Central Bank of Armenia. The lion's share of these - $ 2.655 billion,  are foreign assets in hard currency, and the share of SDR in the IMF  amounted to $ 4.1 million. According to the regulator's report,  foreign assets in hard currency for the reporting two months  decreased by 6.3%, and the share of SDR in the IMF decreased by  33.9%.  

ArmInfo. The State Revenue Committee calls on taxpayers for discipline.

ArmInfo. The Central Bank of Armenia reduced the refinancing rate from 5.5% to 5.25%. As the press service of Central Bank of Armenia told ArmInfo, this decision was  made on March 17 at a meeting of the Central Bank Board.

ArmInfo.

ArmInfo. The head of government called for calm, emphasizing that the current crisis is a  zero point from which to build a new reality, starting with the level  of social responsibility and ending with everyday habits. "Our  experience shows that the coronavirus is manageable, and can be  managed in the long run." On March 17, Prime Minister of Armenia  Nikol Pashinyan said on his Facebook live broadcast on his Facebook  page.

ArmInfo. The Central Bank of Armenia, if necessary, is ready to provide the financial system with additional liquidity both in drams and in foreign currency. Head of  the Central Bank Artur Javadyan announced on March 16 at a meeting of  the Government of the Republic of Armenia, chaired by Prime Minister  Nikol Pashinyan.