ArmInfo.

ArmInfo.

ArmInfo."With Song and Love" festival is taking place in Artsakh within the framework of the "Back line for Culture, Border at the forefront" program.The festival is held in Artsakh and Syunik with the participation of music groups from Stepanakert, Martuni, Hadrut, Sisian, Goris, Kapan, Kajaran, Meghri, Agarak, Khndzoresk, Shinuhayr.

ArmInfo. The Central Bank of Armenia attaches importance to pursuing a countercyclical (stabilization) policy in the current economic situation to mitigate  negative consequences and maintain macroeconomic balance. On June 1,  Governor of the Central Bank of the Republic of Armenia Martin  Galstyan stated this in the parliament during the preliminary  discussions of the annual report on the implementation of the 2020  state budget.

ArmInfo.In 2020, about 40% of contracts concluded by state bodies were made by purchasing from one person, which is 4.4% more than in 2019, Chairman of the Audit  Chamber of the Republic Levon Yolyan said on June 1 in parliament  during a preliminary discussion of the annual report on the execution  of the state budget for 2020.

ArmInfo.In 2020, following the results of the adjustments made, the budget of the Ministry of Defense was increased to 400 billion drams (about $ 769 million),  instead of the planned 307 billion drams (about $ 590 million). This  was announced on June 1 by acting RA Minister of Finance Atom  Janjughazyan in the parliament during the preliminary discussion of  the annual report "On the execution of the state budget of the  Republic of Armenia for 2020".

ArmInfo.

ArmInfo.In 2020, it was originally planned to allocate 15.2 billion drams to the Ministry of Emergency Situations, but following the results of adjustments in connection with the pandemic and hostilities, the allocation amounted to 14.6  billion drams, the acting Minister of Finance Atom Janjughazyan said  on June 1 in the parliament during the preliminary discussion of the  annual report 

ArmInfo. In 2020, almost half of state bodies and institutions in Armenia did not undergo an internal audit, which is certainly a cause for concern. On June 1, during the  preliminary discussion of the annual report "On the execution of the  state budget of the Republic of Armenia for 2020" in the parliament,  Chairman of the Audit Chamber of the Republic Levon Yolyan stated  this.

ArmInfo.

ArmInfo. Armenia's gross international reserves increased in January- April 2021 by 14.3% or by $ 375.1 million, amounting to $ 2.991 billion, as evidenced by the  data of the Central Bank of Armenia.

ArmInfo. In 2020, Armenia ensured macroeconomic stability with the application of institutional approaches to fiscal and monetary policy, Acting Head of the RA  Ministry of Finance Atom Janjughazyan stated on June 1. Preliminary  discussions of the annual report "On the execution of the state  budget of the Republic of Armenia for 2020" began today in the  Armenian parliament.

ArmInfo.Converse Bank announces the launch of another campaign within the framework of cooperation with Visa International Payment System. As part of the campaign, from June 1 to August 31, 2020, the Bank Visa cardholders will accumulate "golden" points for each non-cash transaction. Valuable gifts will be awaiting to the customers who have accumulated the most golden points, in particular:

ArmInfo. The delegation of the  General Prosecutor's Office of Armenia headed by General Prosecutor  Artur Davtyan was sent to the northern capital of the Russian  Federation - St.  Petersburg from June 2 to June 5, the official  website of the RA government reports.

ArmInfo.A few days ago, the IDBank “Center” branch hosted the AmCham Be My Guest event. Member organizations of the American Chamber of Commerce in Armenia visited the flagship branch of the Bank, where a tour was organized for the guests, the concept of a modern bank was presented, as well as the new banking culture that IDBank provides to its clients.

ArmInfo. The risks of an outflow of funds against the background of the crisis, associated with the uncertainty of the timing of overcoming the coronavirus pandemic, and domestic and foreign policy shocks, predetermined the steps of the  Central Bank of Armenia to take early proactive measures to  neutralize short-term and long-term shocks of liquidity of the  financial system.  As part of these measures, the Central Bank of  Armenia is introducing new prudential liquidity ratios recommended by  Basel III - short-term (LCR - Liquidity Coverage Ratio) and long-term  (NSFR - Net Stable Funding Ratio). Corresponding additions have  already been made to Regulation 2 of the Central Bank of the Republic  of Armenia "On regulation of banking activities and applied economic  standards". 

ArmInfo.Converse Bank, together with its partners, is launching a traditional campaign on the eve of the International Children's Day.

ArmInfo.On June 1st, a Memorandum of Understanding establishing relations between the California Governor's Office of Business and Economic Development  "GO-Biz" and Impact Hub Yerevan will be signed and go into effect. 

ArmInfo.

ArmInfo.Armenia is revising the deadline for completing the construction of the Vedi reservoir. On May 27, the Armenian government approved a proposal to amend the loan  agreement with the French Development Agency (AFD) on the timing of  construction work and the use of loan funds.