ArmInfo.

ArmInfo.

ArmInfo.The World Bank (WB) predicted 3.1% GDP growth in Armenia for 2021 with an acceleration in 2022 to 4.5%, against an actual decline of 7.6% in 2020 (with a  projected 8%). This is stated in the new WB report "Global Economic   Prospects", which contains forecasts for 2021-2022.

ArmInfo.At the end of 2020, premiums in the insurance market of Armenia turned their annual dynamics from 19.1% growth to 2.6% decline, which was also observed  along the trend of indemnities - from 17% growth to 13.2% decline. 

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ArmInfo.The total net profit of insurance companies in Armenia for 2020 jumped 4.6 times (against a growth of 6.4 times in 2019), exceeding 4.4 billion drams or $ 8.5  million. According to the Financial Rating of Armenian insurance  companies prepared by ArmInfo IC, this was observed against the  background of deterioration of the annual dynamics of both premiums  and reimbursements, the former being less significant than the  latter.

ArmInfo. In 2020, the shares of retail and corporate components in premium portfolios of Armenian insurers almost equalized - 50.3% (22.4 billion drams) and 49.7%  (22.1 billion drams), against 52.8% and 47.2%, respectively. earlier.  According to the Financial Rating of Insurance Companies in Armenia,  prepared by ArmInfo IC, the retail insurance market capacity dropped  by 13.6% from 22.1% growth a year earlier, along with which the  dynamics of corporate insurance worsened - from 17.3% to 4.5%  decline.

ArmInfo.The EU has announced an additional € 500 million through the World Health Organization (WHO) COVAX mechanism to ensure access to COVID-19 vaccines in low- and middle-income countries, including the Eastern Partnership  countries. This is stated in the widespread message of the EU.

ArmInfo.The devaluation of the dram is mainly associated with trend expectations, which are usually short-term in nature. Deputy Chairman of the RA Central Bank  Nerses Yeritsyan stated this at the meeting of the Standing Committee  of the National Assembly of Armenia on Financial-Credit and Budgetary  Affairs.

ArmInfo. In Armenia, economic activity in January 2021 against January 2020 decreased by 7.5%, but in January alone this year decreased by 47%, against last year's  y-o-y growth by 8.9% and the January decline by 47.8%. According to  the preliminary data of the Statistical Committee of the Republic of  Armenia, the y-o-y growth was provoked by all fields, except for the  energy complex and construction.

ArmInfo. One of the fastest internet networks in the world will appear in Yerevan. Telecommunication company Telecom Armenia (TM Beeline) announced the start of work on the construction of the most advanced fiber-optic network in the region - Next Generation Network (NGN).

ArmInfo. Non-cash and contactless payments have reached a stable place in our lives: these make the shopping process easier and more convenient. Idram & IDBank alliance has a great contribution in  the development  of this direction, and Idram’s QR contactless payment system is the leader of such  platforms in the Armenian market.

ArmInfo.

ArmInfo.AraratBank has been again awarded the Partner of the Year by Ria Money Transfer for achieving great results during 2020 and supporting Ria Money Transfer business growth.

ArmInfo.The United States Agency for International  Development (USAID) announced additional funding of $ 2.65 million to strengthen Armenia's  agricultural sector, including more targeted support for women entrepreneurs and the creation  of cooperatives.

ArmInfo.

ArmInfo.Armenian GDP decreased in 2020 by 7.6% - to 6.2 trillion drams ($ 12.6 billion), against growth by 7.6% in 2019. This is evidenced by the data of the  RA Stat Committee.

ArmInfo.

ArmInfo.

ArmInfo.