ArmInfo.Converse Bank has been recognized as the “Best Trade Finance Provider 2021 in Armenia” by the prestigious Global Finance magazine, for the second year in a row.

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ArmInfo.The German Development Bank KfW has confirmed its readiness to continue financing the program for the construction of the Kaps Reservoir in Armenia.

ArmInfo.In February 2021, the consumer market of Armenia recorded inflation of 0.6% with annual inflation of 5.3%, against deflation of 0.2% in February 2020 and  annual deflation of 0.5%. According to the Statistical Committee of  the Republic of Armenia, consumer prices in Yerevan in February 2021  increased by 0.5%, against a decline of 0.1% in February 2020.

ArmInfo.IDBank asks its clients who have taken part in the hostilities to contact the Bank before March 31 and present an application and a reference from the military registration on taking part in the hostilities in case the documents were not presented before.

ArmInfo.The World Bank offered the Ministry of Economy of Armenia to identify the fields in need of assistance. As the press service of the department told ArmInfo on  March 4, this recommendation was made by Sebastian Molineus, the  World Bank Regional Director for the South Caucasus, during his visit  to Armenia and a meeting on March 3 with RA Minister of Economy Vahan  Kerobyan.

ArmInfo.On 03 March, 2020, the online working seminar summarizing results of the first phase of GCF (Green Climate Fund, the headquartered of which is in Incheon City, Republic of Korea) funded “Scaling up green finance practices in the Republic of Armenia” project were presented to and discussed with the program beneficiaries.

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ArmInfo.The Armenian fuel market, which has been  under the influence of three politically interconnected players over  the past decades, and therefore does not have a natural price  environment, is becoming more flexible and competitive.

ArmInfo. For 2020, Armenian insurers reimbursed 23.2 billion drams or $ 44.4 million in different classes (figures are given from the reports of IC portfolios  according to the standards of the Central Bank of Armenia).

ArmInfo. The Ministry of High Technologies of Armenia presented the Armenian radio-electronic warfare (REW) satellite positioning "X-100" system.

ArmInfo.New mechanisms to control the public procurement process will be created in Armenia. The RA National Assembly, at its sitting on March 3 in the second and  final reading, made amendments and additions to the law "On State  Procurements".

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ArmInfo.The share of large taxpayers in the net tax revenues of the Republic of Armenia is significant and amounts to 71.1% or 773.3 billion drams.