ArmInfo.It is already possible to get transfers from Armenia via IDpay application, and the transfers from Russia have been improved and are unprecedentedly profitable now. For both cases it is necessary to know only the phone number of the recipient.

ArmInfo. In 2020, Armenia increased wheat imports by 40% - up to 350.5 thousand tons, demonstrating growth in value terms - by 43.4% - up to $ 72.4 million. The main  importer of wheat is the Russian Federation (99.1%).

ArmInfo. 74% of arable land in the republic is not irrigated at all, said Acting Prime Minister Nikol Pashinyan at a meeting in the Kotayk region on April 28.

ArmInfo. For the stable growth of the economy, such factors as macroeconomic stability and the investment environment are important, the second President of  Armenia, Robert Kocharian, said at a meeting with his supporters.

ArmInfo.Today, the opening of the border with Turkey will deal a  serious blow to Armenia's agriculture, as our economies compete with  each other. This was stated by the second President of Armenia,  Robert Kocharian, at a meeting with his supporters.

ArmInfo. In the first quarter of 2021, the share of the corporate component in the premium portfolios of Armenian insurers significantly exceeded the retail component -  64.9% (10.6 billion drams) and 35.1% (5.7 billion drams). AMD),  almost repeating the figures of a year ago - 64.2% and 35.8%,  respectively.

ArmInfo.. In 2020, Armenia reduced wine exports by 5.9% to 2.6 million liters, against an  increase of 11.4% in 2019. According to the data of the RA Customs  Service, the value of exported wine decreased by 27.3%,  respectively.% - up to $8.6 million .

ArmInfo. The Tax and Customs Committee proposes to improve the mechanisms for reimbursement of value added tax (VAT) by shortening the return period. "The next  step, in certain situations, we will refuse to pay VAT at the  border," Chairman of the State Revenue Committee (SRC) of Armenia  Edward Hovhannisyan said on April 28 during a meeting of the  parliamentary commission on economic Issues.

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ArmInfo. The Armenian government and the International Finance Corporation (IFC) discussed the prospects for developing cooperation in the field of high  technologies, energy and digitalization.

ArmInfo. Russia sees prospects in expanding cooperation with Armenia in the framework of the design and development of space technologies. A similar proposal was made by  Dmitry Rogozin, Director General of the Roscosmos State Corporation,  during a meeting with the Secretary of the Security Council of the  Republic of Armenia, Armen Grigoryan.  

ArmInfo.In the long term, aggregate demand indicators in Armenia will remain weak, and in these conditions, inflationary pressures cannot be accelerated, so by the  end of the year we will return to the permissible inflation range of  4% (+/- 1.5%).

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ArmInfo.By the end of 2021, the debt of the Armenian government will approach 70% of GDP. Meanwhile, the tax and budget rules established by the law "On the Budget System  of the Republic of Armenia" oblige the government to submit to the  parliament a project to return to the legal framework in case of  exceeding the 60% threshold for government debt.

ArmInfo. Yes, it is possible to contain inflation, it can be corrected in a very short time -  within one month, the second President of Armenia Robert Kocharyan is  convinced.

ArmInfo.HSBC Bank Armenia CJSC (hereinafter HSBC Armenia) has been named as “Market Leader” for trade finance by Euromoney’s 2021 Trade Finance Survey.

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ArmInfo.Converse Bank announces the launch of an online platform for lending to small and medium-sized enterprises (SMEs): https://sme.conversebank.am/

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