ArmInfo.The 20th International Specialized Exhibition has opened in Yerevan. The exhibition, which will last for three days, is organized by the LOGOS EXPO Center together with the Union of Manufacturers and Businessmen  of Armenia.

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ArmInfo.Russian leader Vladimir Putin on May 21 at a meeting of the Supreme Eurasian Economic Council (SEEC) called for a prompt response to changes in prices for important goods.

ArmInfo.Russian President Vladimir Putin has proposed creating a bank of climate data and digital initiatives, including those related to carbon footprint accounting,  within the framework of the Eurasian Economic Union (EAEU). He put  forward such an initiative on May 21 at a meeting of the Supreme  Eurasian Economic Council (SEEC).

ArmInfo. President of Belarus Alexander Lukashenko believes that it is necessary to avoid payments  in US dollars when trading  hydrocarbons in the Eurasian Economic  Union (EAEU). As reported by Kommersant, he also called for  accelerating the formation of common energy markets by the EAEU  countries. He announced these initiatives during a speech at a  meeting of the Supreme Eurasian Economic Council.

ArmInfo.Armenia attaches great importance to the formation of a single gas market for the Union, Acting Prime Minister Nikol Pashinyan stated on May 21 at a meeting  of the Supreme Eurasian Economic Council.

ArmInfo.

ArmInfo.

ArmInfo.On May 19, 2021, at the Best Western Congress Hotel, Armswissbank – the Implementing Partner of the Programme - organized a seminar-discussion to present the work done in the second phase of the “Scaling up green finance practices in the Republic of Armenia” programme funded by the Green Climate Fund. The studies referred to the best international practices in the field of "Green" financing and the opportunities for its introduction in the Republic of Armenia.

ArmInfo.

ArmInfo.SHASTA, the large Iranian holding, the investment arm of the Social Security Investment Company (SSIC), is considering investing in a number of areas in  Armenia. This became known after the meeting of the Minister of  Economy of Armenia Vahan Kerobyan with the delegation of the Iranian  holding, headed by Director General Mohammad Rezvanifar.

ArmInfo.Private equity fund Amber Capital Armenia,  supported by the European Bank for Reconstruction and Development  (EBRD) and the European Union (EU), has acquired Solis, an Armenian  solar plant operator, to build and operate a 4 MW photovoltaic (PV)  solar power plant in Aragatsotn, western Armenia. The parties to the  transaction did not disclose the amount of the transaction and the  volume of investments in the project. Nevertheless, according to  experts, the total volume of investments may amount to about 2 - 2.5  million US dollars.

ArmInfo.

ArmInfo.In a month, the petrochemical plant in the Nati district of the city of Yeghvard, Kotayk region, will start producing machine oil and bitumen. "The  construction of the plant was completed two years ago, but due to a  number of artificially created problems, we could not start  production in any way," General Director of "Armoil" CJSC Alfred  Abedi said in an interview with ArmInfo.

ArmInfo.In Q1 2021, the inflow of transfers to Armenia increased in February-March, when labor migrants managed to go abroad to work. Executive Director of the  Union of Banks of Armenia (UBA) Seyran Sargsyan stated this on May 19  during a press conference, stating that in Q1 2021, the inflow of  transfers from individuals to Armenia increased by 14.7% per annum or  $ 52 million, amounting to $ 406 million.

ArmInfo.In Q1 2021, deposits in the banking system of Armenia decreased by 0.2%, but increased by 4.9% or by 173 billion drams on a y-o-y basis, amounting to 3.7  trillion drams. Executive Director of the Union of Banks of Armenia  (UBA) Seyran Sargsyan announced this on May 19 at a press conference.   At the same time, he noted that the growth was noted in the deposits  of residents - by 4.4% over the quarter and by 9.9% over the year. At  the same time, deposits of non-residents showed a decrease both in  the first quarter by 12.2% and in annual terms by 8.2%.

ArmInfo.

ArmInfo.The Union of Banks of Armenia (UBA) pointed to a strong correlation between the activity of the sectors of the economy and the growth of lending. In particular,  as the Executive Director of the UBA Seyran Sargsyan noted during a  press conference on May 19, the increase in lending in Armenia was  registered in those areas that managed to recover or not suffer  during the coronavirus crisis and in the post-war period.

ArmInfo.The Union of Banks of Armenia (UBA) does not see any serious reasons for concern regarding the level of non-performing loans (NPL) in the banking system of  Armenia. Executive Director of the UBA Seyran Sargsyan stated this  during a press conference on May 19.

ArmInfo. The legislator changes the rates of excise tax deductions transferred to the Military Insurance Fund (1000 AMD Fund) for individual entrepreneurs. On May 19, the profile commission of the parliament approved a legislative bill "On  compensation for damage inflicted on the life and health of  servicemen during hostilities."