ArmInfo.

ArmInfo.63,173 real estate transactions were carried out in the regions of Armenia in H1 2021, with an annual growth of 29.2%. At the same time, according to the RA  Real Estate Cadastre State Committee, the number of real estate  purchase and sale transactions in the regions increased by 24.2% per  annum to 17,387, and rent - by 6.6% to 2,824.  

ArmInfo. In Yerevan, in the first half of 2021, 27984 real estate transactions were concluded, which is 23.7% higher than a year ago. According to the data of the  RA Real Estate Cadastre State Committee, out of the total number of  these transactions, purchase and sale accounts for 27% or 7,574  transactions, with an annual growth of 26.7%.

ArmInfo.Converse Bank has launched the Converse-Fast Plus type of loan, which offers small and medium enterprises financing for the acquisition of fixed assets and replenishment of working capital, for funding current expenses, repayment of accounts payable, which is designed to contribute to development and expansion of the business.

ArmInfo. In the first half of 2021, 1,919 real estate transactions were carried out by foreigners in Armenia, which is 14.7% more than a year ago. According to the RA  State Cadastre of Real Estate, in total, non-residents accounted for  7.7% of the total number of transactions, against 8.4% in the same  period a year earlier.

ArmInfo.In the premium portfolios of Armenian insurers in the first half of 2021, the  corporate component continues to prevail over the retail one - 57%  (15.1 billion drams) and 43% (11.4 billion drams), almost repeating  the indicators of a year ago - 56.2% and 43.8% respectively.  According to the Financial Rating of Insurance Companies of Armenia,  prepared by ArmInfo IC, the annual dynamics of the absolute values of  both indicators changed from the 7.4-8.5% decline by 10.9-7.6%  growth.

ArmInfo.

ArmInfo. Armenian companies are invited to participate in the four- day "Made in Armenia" exhibition within the framework of Dubai Expo 2020. Participation in the global  exhibition will allow not only to present Armenian goods and services  to the world market, but also to establish new business ties, hold  meetings with foreign potential investors and partners, stated in the  message of the Ministry of Economy of Armenia.

ArmInfo.The number of beneficiaries of the state agricultural insurance program in Armnia, according to the latest data, has reached 4,300, while for the entire  2020, 1,500 contracts alone were concluded between farmers and  insurance companies. Head of Department of Agricultural Programs  Elaboration, Resource Use and Cooperative Development of the RA  Ministry of Economy Ira Panosyan informed about this.

ArmInfo.The expenditures of the state budget of Armenia in the first half of 2021, compared to the same period in 2020, increased by 13.2% or by 100.7 billion drams.  This is evidenced by the data of the Ministry of Finance of Armenia.

ArmInfo. For 7 months of 2021, Armenia's public debt increased by more than $ 1 billion, reaching $ 8 billion 973 million.

ArmInfo. One of the most reputable airlines, Lufthansa, is returning to the Armenian market. From 2005 to 2008, the company carried out flights here in the direction of Munich-Yerevan-Munich. However, due to a decrease in demand for this flight Lufthansa left the Armenian market. This was announced during a press conference on August 12 by Lufthansa Group Management Director Rene Koinzack.

ArmInfo. The Association of Armenian Developers (AAD) believes that today's government's decision to gradually cancel the income tax refund program within the  framework of mortgage lending for individuals will lead to a decrease in demand for housing in the primary market and, ultimately, to a reduction in state treasury revenues and an increase in labor migration.

ArmInfo. If a decision is made to put the railway into operation, it will pass through Nakhichevan and Meghri, possibly Ijevan, Minister of Territorial Development and  Infrastructures Gnel Sanosyan told reporters on August 12 after a government meeting.  Sanosyan is convinced that in case of restoration of railway communication in the region, not only Armenia, but also the countries of the region will benefit. At the same time,  as the minister noted, it is impossible to launch a railway without building the appropriate infrastructure - there are sections where there is no railway network, a new one needs to be built. "In Soviet times, the railway also passed through Ijevan. Presumably, if peace  reigns in the region and we can completely unblock communications, it will also be economically profitable to work in this direction," the minister said.

ArmInfo. The financial authorities of Armenia, represented by the Ministry of Finance of  Armenia, are in favor of the gradual abandonment of the income tax refund program within the framework of mortgage lending in Yerevan. Corresponding amendments to the tax code of Armenia were approved at a government meeting on August 12.

ArmInfo. It happened, of course, that you called the bank with a thousand questions and urgently found out some information. Have you ever wondered how important and responsible the work of a call center employee is?

ArmInfo. Minister of  Territorial Administration and Infrastructures Gnel Sanosyan  discussed with Asset Assavbayev, Secretary General of the  Intergovernmental Commission of the Transport Corridor  Europe-Caucasus-Asia (TRACECA),the possibilities of deepening  regional economic cooperation with the TRACECA organization, in the  context of developing transport links between Armenia and the  countries of the region, including Central Asia. 

ArmInfo. The RA Ministry of Territorial Administration and Infrastructures proposes to allocate 2% of royalties paid to mining companies to impact communities.

ArmInfo.The authoritative international magazine Asian Banking & Finance named Ardshinbank "Domestic Retail Bank of the Year - Armenia in 2021". The ABF Retail Banking Awards honors outstanding banks that have introduced innovative retail banking products and services and made significant contributions to the development of the industry.

ArmInfo. The attempt of the Armenian insurance sector to get out of the loss for profit in Q2 2021 was crowned with success, but the received amount of 94 million drams ($ 189 thousand) was insufficient to zero out the six-month loss. According to the Financial Rating of insurance companies in Armenia, prepared by ArmInfo IC, the total loss of 6 insurance companies for H1 2021 was amounted to 130.6 million drams (over $ 263.4 thousand), with a 2-fold y-o-y drawdown (from plus to minus level), with a quarterly 2.5-fold growth (reaching the plus level).