ArmInfo.Armenal aluminium foil-rolling mill in Yerevan (part of RUSAL) has completely switched to a closed water circulation system. As a result, the company's water consumption decreased by about 90%. This was reported by the press  service of the plant.

ArmInfo. Armswissbank's dollar-denominated bonds, the placement of which by open subscription started on June 1, sold up to $ 10 million in full. According to the  press service of the bank, it was originally planned to complete the  placement of this tranche before July 1.

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ArmInfo. RA Prime Minister Nikol  Pashinyan held a remote consultation on the current situation and  development prospects in the field of civil aviation, the press  service of RA PM reports.  Armenian Civil Aviation Committee (CAC)  Head Tatevik Revazyan partook in the discussion via video link.  

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ArmInfo. A substantial format  for resolving the issue related to gas prices is based on the  introduction of an excise tax on energy products. Chair of the  "LOGIKA" (NGO) Independent Research Center of Business, Economy and  Finance, a candidate of economic sciences, associate professor of YSU  and RAU Ara Karyan expressed a similar opinion at the June 3 press  conference.  At the same time, he noted due to the closure of  borders, labor migrants will not be able go to seasonal work, serious  problems should also be expected with the country's balance of  payments.  "Of course, the balance will more or less be maintained,  but its organization will change," the economist said. Karyan called  for a reconsideration of the decision to increase gas prices for  business entities, in which case negative consequences for the  Armenian economy cannot be avoided.  

ArmInfo.Dear customers, taking into consideration the pandemic situation, we strongly encourage and ask you to make use of IDBank's complete remote toolset.

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ArmInfo.The European Bank for Reconstruction and Development (EBRD) and the Asian Development Bank (ADB) will provide Electric Networks of Armenia CJSC with $ 25 million and $ 20 million credit resources respectively, the press  service of the electric networks reports.