ArmInfo.The agenda of the government and parliament does not reflect the challenges that Armenia faces today. A similar opinion was expressed by the chairman  of the Republican Union of Employers of Armenia, economist Gagik  Makaryan during a press conference on December 16.

ArmInfo. The devaluation of  the national currency in Armenia is associated with a number of  reasons, first of all, with a decrease in export volumes, transfer  inflows, limitation of international donor programs, the inability to  leave for labor migrants and a worsening economic situation in the  country. A similar opinion was expressed by the chairman of the  Republican Union of Employers of Armenia, economist Gagik Makaryan  during a press conference on December 16. In particular, he stressed  that today the dollar in relation to the dram is about 520-530 AMD /  $, the euro has reached 630-640 AMD /EUR. He noted that the Central  Bank is now pursuing a restrictive policy, trying to keep the  exchange rate at a level acceptable to exporters and not creating  serious problems for importers. However, according to Makaryan, the  Armenian economy remains more dependent on the dollar. Artificially,  in view of the current situation, the profits of exporters are  growing, but in this regard, he stressed that the share of exports is  40% of imports. Consequently, currency devaluation can lead to higher  prices for certain imported goods.

ArmInfo.

ArmInfo. There are no problems with the outflow of funds on the Armenian foreign exchange market. Chairman of the Central Bank of the Republic of Armenia  Martin Galstyan stated this at a press conference on December 15.

ArmInfo.In Armenia, in conditions of high economic uncertainty in the short term, there are risks of inflation deviation towards growth. The head of the RA  Central Bank Martin Galstyan said this at a press conference on  December 15, noting that the Central Bank constantly monitors the  development of events and, if necessary, is ready to react to ensure  price stability.  According to his forecasts, in the mid-term,  inflation in Armenia will not exceed 4%.

ArmInfo. In 2021, Armenia expects to receive a Stand-By loan from the International Monetary Fund (IMF) in the amount of about $ 70 million (with a probable  adjustment of this amount). The Chairman of the Central Bank of the  Republic of Armenia Martin Galstyan announced this on December 15  during a press conference.

ArmInfo.According to the estimates of the Central Bank of Armenia, the share of non-performing loans in the total loan portfolio of the banking system may reach  10%. Chairman of the RA Central Bank Martin Galstyan announced this  during a press conference on December 15.

ArmInfo.The Armenian-American economic relations will intensify in the near  future. Minister of Economy Vahan Kerobyan expressed this confidence  during the meeting with  US Ambassador to Armenia Lynne Tracy.

ArmInfo. The Irrigation System Modernization Project in Armenia is being implemented with loans from the Eurasian Development Bank (EDB) in Armenia. The  Territorial Development Fund of the RA Ministry of Territorial  Administration and Infrastructures reported.

ArmInfo.

ArmInfo.The Central Bank of Armenia has repeatedly announced its intention to carry out interventions in the foreign exchange market. This is stated in the  message of the Central Bank of the Republic of Armenia spread on  December 15.  The report also notes that the Central Bank of Armenia  continues to monitor financial markets and, if necessary, will apply  all the tools in its arsenal, guaranteeing price stability and  financial stability.

ArmInfo. The State Revenue Committee of Armenia (SRC) hosted a meeting of the Appeals Commission of Tax and Customs Authorities, during which the complaints of  taxpayers regarding the actions or inaction of the tax or customs  authorities were considered, as a result of which, in the opinion of  the economic entities, unfair decisions were made.

ArmInfo.The Central Bank of Armenia increased the refinancing rate by 1 percentage point - from 4.25% to 5.25%. As ArmInfo was told in the press service of the  Central Bank of Armenia, this decision was made on December 15 at a  meeting of the Central Bank Council.

ArmInfo.

ArmInfo.

ArmInfo.The Executive Board of the International Monetary Fund (IMF) completed the third review of the Republic of Armenia's performance under the program supported  by the Stand-By Arrangement (SBA). As the statement spread by the  Central Bank on December 14 indicates, within the program Armenia  will receive SDR 25.714 million (about US$37 million), bringing total  disbursements to SDR 231.657 million (about US$ 315 million).

ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo.