ArmInfo.

ArmInfo. The Central Bank of Armenia forecasts a slow recovery in aggregate demand and economic activity in 2021, governor of the Central Bank of Armenia (CBA) Martin Galstyan stated, speaking in the Armenian parliament.

ArmInfo.In the regions of Armenia, in April 2021, 3,088 real estate purchase and sale transactions were carried out (or 68.2% of the total number of such transactions in the  republic).

ArmInfo.

ArmInfo.Ardshinbank has become a partner of Olympicos, a new Armenian animated movie. The movie has been created jointly by Sahakyants Animation Studio and Sharm Holding.

ArmInfo.

ArmInfo.

ArmInfo.On May 26, the Armenian parliament adopted a bill on amending the law "On State Duty", which proposes to establish a customs duty on the import of cement from  Iran and other countries to Armenia in the amount of 14 thousand  drams per ton, and 2 thousand drams per ton of clinker.

ArmInfo.

ArmInfo.Armenia is ready to introduce a trade-in system. On May 26, the RA Parliament adopted in the second and final reading the package of laws "On Amendments to the RA Tax Code", "On Amendments to the RA Law" and ''On State Duty  "initiated by the government.

ArmInfo.The Armenian-Iranian business forum was held in the capital of the Islamic Republic of Iran in Tehran with the assistance of the Embassy of the Republic of  Armenia.  As reported by the press service of the State Revenue  Committee (SRC) of Armenia, the event was organized at the Iranian  Chamber of Commerce and Industry within the framework of the working  visit of the Chairman of the State Revenue Committee Eduard  Hovhannisyan to Iran.

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ArmInfo.In the real estate market of Armenia, in April 2021, transactions for the purchase and sale of apartments in the capital decreased by 7.1% with a weak 0.5% rise in  prices. And on a y-o-y basis (compared to April 2020) a 4.7-fold  increase in the number of transactions was accompanied by a 6.2% drop  in apartment prices. This is evidenced by the data of the State  Committee of the Real Estate Cadastre.

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ArmInfo.A Memorandum of Understanding was signed between the Ministry of Economy of Armenia and the Ministry of Roads and Urban Development of the Islamic  Republic of Iran on May 24. The document, according to the press  service of the RA Ministry of Economy, in particular, provides for  the creation of a joint working group headed by the Deputy Minister  of Economy, which will study the problems hindering trade and  economic relations and make proposals for their elimination.

ArmInfo. In Armenia, economic activity in January-April 2021 increased by 2.6% per annum (against a 1.7% decline a year earlier), against the backdrop of an increase in  exports and imports by 16.7% and 2.2%, respectively. According to the  preliminary data of the Statistical Committee of the Republic of  Armenia, in the sectoral breakdown, growth was demonstrated by all  sectors, except for the service sector, and data on the agricultural  sector are published in the statistical report only on a quarterly  basis.

ArmInfo.According to expert assessments, the amount of carbon dioxide emissions in atmosphere decreased by 2.4 billion tons in 2020 - about 7%, compared to 2019. This indicator is historical minimum throughout the entire period of observations. The results of the study were published in the well-known scientific journal Earth System Science Data.

ArmInfo.Mr. Francis Malige, Managing Director, Financial Institutions for the EBRD, speaks on how challenging the 2020 was for EBRD, the global economy recovery after the crisis, likelihood of new projects and opportunities, current state of the banking system in Armenia and fruitful cooperation with Ameriabank.

ArmInfo.

ArmInfo.In the banking system of Armenia, the accelerated growth of non-performing loans (NPL) in 2020 continued in Q1 2021. In such a situation, the "indulgences"  undertaken by the regulator to shift part of the burden of bad loans  from 2020 to 2021 are likely to weigh down the already toxic loan  portfolio, as a result of which profits will linger in the downturn.