ArmInfo. Converse Bank signed 8 million US dollars equivalent local currency two loan facilities with the European Bank for Reconstruction and Development (EBRD). Out of the total loan proceeds 6 million US dollars equivalent in local currency will be channeled to the financing of private micro, small and medium enterprises and 2 million US dollars equivalent in local currency to women-led MSMEs in the frames of EBRD’s “Women in Business” Programme.

ArmInfo.The mining industry of Armenia needs a systematic approach. The chairman of the Industrial Republican Union of Professional Organizations of Miners,  Metallurgists and Jewelers - members of the Confederation of Trade  Unions of Armenia Eduard Pakhlevanyan, announced this during the  press conference on January 31.

ArmInfo.IDBank is one of the first Armenian banks to go live with SWIFT global payment innovation (gpi) service. It allows to make cross-border payments service considerably faster and more transparent, as well as to monitor the entire route of transfers or stop and recall the payment․

ArmInfo. Nominal wages in Armenia accelerated growth rates - up to 5.8% in January-December 2019 from 3.8% in January-December 2018, amounting to 182750 drams ($  380). In December alone, nominal wages increased by 26.4%, against a  23.4% increase in December 2018.  In December 2019, as compared to  December 2018, the nominal wage increased by 5.4%, against a growth  of 2% in December 2018 compared to December 2017.

ArmInfo. The small prevalence of import growth rates (10.8%) over export (9.4%) sharply has  slowed down the growth of the foreign trade deficit of Armenia in January-  December 2019 compared to January-December 2018 to 12.6%. A year  earlier, in January-December 2018, the foreign trade deficit jumped  by 31.7% per annum against the backdrop of a sharp slowdown in export  growth from 25.2% to 7.8% with a slight slowdown in import growth  from 27.8% to 21.1%.

ArmInfo.In Armenia, the growth of economic activity in January- December 2019 has accelerated to 7.8% per annum, against a slowdown in 2018 to 5.8% and 7.7% in 2017.

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ArmInfo. Regarding the situation around Lydian Armnia, the government of Armenia must take its decision. This was stated by Dmitri Gvindadze, Head of the  Armenian office of the European Bank for Reconstruction and  Development (EBRD) at a press conference on January 30.

ArmInfo.In 2020, the European Bank for Reconstruction and Development (EBRD) will try to implement about 15 projects in Armenia, the total cost of which will  be at least 100 million euros. Head of the Armenian office of EBRD  Dmitry Gvindadze said this at a press conference on January 30.

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ArmInfo. On February 5, Lydian International shares will complete the delisting process and cease to be listed on the Toronto Stock Exchange. This is stated in  the official message of the company, received by ArmInfo.

ArmInfo.Work on a draft agreement on the import of petroleum products into Armenia continues and, in principle, is in the final stage at which it was at the end  of last year. Ambassador of Kazakhstan to Armenia Timur Urazaev  stated this in an interview with ArmInfo correspondent.

ArmInfo.In partnership with Haylend Converse Bank launched a project to attract online deposits through the platform www.haylend.com .

ArmInfo. Deputy Prime Minister of Armenia Mher Grigoryan is on a working visit in  Kazakhstan and in the city of Almaty, where he takes part in a meeting of the Council of the Eurasian Economic Commission.

ArmInfo.Funds raised from Ardshinbank's Eurobonds will be used to implement ambitious programs for large enterprises of Armenia that are the bank's customers. This  was stated in an interview to a television channel by the Chairman of  the board of "Ardshinbank" CJSC Artak Ananyan.  In this context, he  added that part of the funds will also be directed to stimulate and  increase the volume of mortgage lending, which, according to him,  will lead to lower interest rates. 

ArmInfo. Kazakhstan has had a lot of discussion with Armenia on the creation of joint cooperation within the framework of the Eurasian Economic Union.  Ambassador of  Kazakhstan to Armenia Timur Urazaev stated this in an interview with  ArmInfo correspondent.

ArmInfo.Representatives of Kazakhstan ministries and departments (Ministry of Internal Affairs, Customs Service, State Revenue Committee) conduct working  consultations with their Armenian counterparts in order to understand  the whole mechanism of re-exporting cars to the territory of the  Republic of Kazakhstan.

ArmInfo.This year, 247 billion drams are planned to be allocated from the state budget of Armenia for capital expenditures.  Prime Minister of Armenia Nikol  Pashinyan stated this at a government meeting on January 30.

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