ArmInfo. In January 2020, inflation in the consumer market of Armenia was 1.3%, with annual inflation of 0.2% (in January 2020 compared to January 2019), similar  to annual inflation - 1.7% for the month and 0.6% for year.

ArmInfo. Agricultural risk insurance will definitely have a positive impact on the development of the agricultural sector of Armenia and on agricultural lending.  This opinion was expressed on February 14 by Chairman of the Union of  Banks of Armenia (UBA), Chairman of the IDBank Board Mher Abrahamyan,  answering a question from ArmInfo.

ArmInfo.On February 14, as part of the Munich Security Conference, Prime Minister Nikol Pashinyan met with EU Commissioner for  for Budget and Administration  Johannes Hahn. This was reported by the press service of the  government.  

ArmInfo. The introduction of Basel III capital adequacy buffers will further strengthen the stability of the banking system of Armenia and increase the ability  to withstand any shocks in various economic situations. This opinion  was expressed by Chairman of the Union of Banks of Armenia (UBA),  Chairman of the IDBank Board, Mher Abrahamyan, answering ArmInfo's  question regarding the additional requirements for bank capital  adequacy introduced by the Central Bank (the matter concerns three  buffers to the standard - ed. note).

ArmInfo.2019 was successful not only for the banking system of Armenia, but also for the country's economy as a whole. As Mher Abrahamyan, Chairman of the  Union of Banks of Armenia (UBA), IDBank Chairman of the Board, stated  at a press conference on February 14, the economic growth recorded by  the end of the year had a very favorable effect on the main  indicators of banks and development trends.

ArmInfo.The Netherlands Development Bank (FMO) provided ARARATBANK with another loan - this time in the amount of $ 10 million. According to the Bank's press  service, the funds will be used to develop SMEs, finance energy  saving projects or the so-called "green business".

ArmInfo.On the morning of February 14, Prime Minister Nikol Pashinyan visited the Association of German Chambers of Commerce and Industry, where he had working  luncheon with Parliamentary State Secretary at the Federal Ministry  of Economic Affairs and Energy Thomas Bareiss, Chief Executive Officer  for Foreign Trade and Member of the Executive Board of the  Association of German Chambers of Commerce and Industry Volker Treier  and other members of the organization.

ArmInfo.The inflow of funds from the general EAEU budget to Armenia in 2019 is more than the outflow. The Deputy State Revenue Committee Shushanik Nersisyan  reported this to journalists in Yerevan.

ArmInfo. Until 2023 in Armenia The institute of preliminary customs declaration will be introduced.

ArmInfo. In 2020, the volume of revenues to the state budget of Armenia from customs duties will increase by 15%. Shushanik Nersisyan, deputy chairman of the  State Revenue Committee of the Republic of Armenia, stated this at a  press conference in Yerevan on February 14.  According to her, 2019  was very successful in terms of customs duties. Even if we exclude  the collection factor from car imports, all the same, the customs  authorities recorded according to the results last year, the growth  of customs duties.

ArmInfo. The decrease in prices for chicken eggs is connected with overproduction in the market. Chairman of the State Commission for the Protection of  Economic Competition of the Republic of Armenia  Gegham Gevorgyan  announced this at a meeting of the RA Government on February 13.

ArmInfo. According to the Global Finance monthly magazine, Ameriabank won the nomination "Best Investment Bank 2020" in Armenia. This award from Global Finance is awarded to Ameriabank for the seventh time, annually in the last five  years, and before that in 2012 and 2013.

ArmInfo. Armenia will host the 2020 Armenia-Germany Economic Forum in October, Armenian Prime Minister Nikol Pashinyan said during a joint statement with German  Chancellor Angela Merkel.

ArmInfo. Armenian business will take part in the formation of strategic reserves of the country. Amendments to the Law on Material Reserves and the package of related  laws were adopted on February 13 at the plenary session of the RA  National Assembly in the first reading.

ArmInfo.

ArmInfo. It is planned to double the volume of leasing operations in Armenia. The government at a meeting on February 13 approved a package of draft laws that will  be submitted to the parliament in the prescribed manner. It is, in  particular, about such initiatives as the law "On Banks and Banking",  the Civil Code, the law "On Credit Organizations" and others.

ArmInfo.The State Commission for the Protection of Economic Competition (SCPEC) of Armenia has adopted an application on the merger of the  telecommunication companies UCOM and VEON in administrative  proceedings. On February 13, after a government meeting, the head of  the commission Gegham Gevorgyan told reporters.

ArmInfo.In connection with the application of new rates and weight of goods for duty-free import from non-EAEU countries from January 1, 2020, the government  at a meeting on February 13 decided to invalidate the decision of the  Cabinet of 30 July 2015.

ArmInfo.The question is not whether we need a national air carrier, the question is how we can create an airline that can be competitive. On February 13, Tatevik  Revazyan, Chairwoman of the Civil Aviation Committee of the Republic  of Armenia, stated this from the rostrum of the parliament.

ArmInfo.The head of the State Aviation Committee of Armenia Tatevik Revazyan stated that the department's employees are constantly discussing the issue related to  the operation of the airport in Stepanakert.