ArmInfo.Responding to the trends in the financial market, Converse Bank has revised the terms and conditions of mortgage lending carried out in partnership with the National Mortgage Company, by setting more competitive interest rates for a number of types of loans.

ArmInfo.A number of French enterprises are interested in developing business in Armenia. Ambassador Extraordinary and Plenipotentiary of France to Armenia Mr.  Jonathan Lacote stated this during a meeting with Minister of Economy  of the Republic of Armenia Tigran Khachatryan. He noted that business  sees real opportunities in Armenia today.

ArmInfo.In 2019, Armenia increased the production of all alcoholic beverages, with the exception of whiskey.

ArmInfo.

ArmInfo. At the March 6 meeting, the RA National Assembly ratified the Armenian-Kyrgyz intergovernmental agreement to exclude double taxation of income and  prevent tax evasion.

ArmInfo. Armenia and China will exchange information on goods and vehicles of international transport moving across the customs borders of the Eurasian Economic Union (EAEU) and the People's Republic of China (PRC). At the March 6  meeting, the RA National Assembly ratified the draft of the relevant  agreement signed in St. Petersburg on June 6 last year.

ArmInfo.

ArmInfo. At the meeting on March 6, in the second and final reading, the National Assembly of the Republic of Armenia amended the Civil Code of the Republic of  Armenia. Presenting the project, Deputy Chairman of the Central Bank  of Armenia Nerses Yeritsyan noted that the main goal of the bill is  to introduce the standards of the ICMA - International Capital Market  Association in the country.

ArmInfo.Armenian individuals undertake to pay off their land tax debts in case of making land sale transactions. Amendments to the Law on Land Tax were adopted at the plenary meeting of the RA National Assembly on March 6 in the second  and final reading.

ArmInfo.Depositors in Armenia will have the opportunity to receive interest from the first day of deposit. Amendments to the Civil Code were introduced at the meeting  of the RA National Assembly on March 6 in the second and final  reading.

ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo.Members of the Armenian parliament at the meeting on March 6 in the second and final reading amended the law "On the safe use of atomic energy for  peaceful purposes."

ArmInfo. Armenia plans to introduce a system of effective valuation and taxation of real estate.  This was announced during a meeting with the Prime Minister  of the Republic of Armenia, Nikol Pashinyan, at which proposals  regarding the revision of the tax system of real estate in Armenia  were discussed. 

ArmInfo. Revenues of the communication sector of Armenia in January 2020 amounted to 11.8 billion drams, slowing y-o-y growth to 0.8% from 1.8% a year earlier.  According to the Statistical Committee of the Republic of Armenia, of  the total revenue, the lion's share was provided by the  telecommunications sector - 89.2% or 10.6 billion drams, with an  annual decline of 1.6% (against the decline of 2.5% a year earlier).

ArmInfo. Cargo transportation in Armenia in January 2020 versus January 2019 increased by 5.6% to 951.7 thousand tons. As noted in the report of the Statistical  Committee of the Republic of Armenia, of the total volume, 51.4% or  489.7 thousand tons accounted for road transport, which decreased by  1.3% in y-o-y terms.

ArmInfo. In Armenia, trade  turnover in January 2020 versus the same period of 2019 slowed down  the annual growth rate from 19.3% to 10.3%, amounting to 207.3  billion drams ($ 432.6 million).

ArmInfo.  In Armenia, the service sector in January 2020 increased volumes by 13.4% per annum to 151.5 billion drams ($ 316.1 million), against the 15.6% growth a  year earlier.

ArmInfo. The metallurgical industry of Armenia in January 2020 compared to January 2019 increased production by 49.3%, compared with a 5% decline a year  earlier. According to the RA Statistical Committee, in January 2020,  ferromolybdenum production increased by 15.6% compared to the same  period in 2019, amounting to 562 tons, compared to an increase of  40.9% a year earlier.