ArmInfo.  Imports of oil  products to Armenia in quantitative terms increased in the first half  of 2020 by 53.3% per annum - up to 246.2 thousand tons (against an  increase of 4.1% a year earlier). At the same time, the customs value  increased by 5.8% - to $ 128.4 million, while a year earlier in the  same period a decline of 4.9% was recorded. This is evidenced by the  data of the Armenian Customs Service.

ArmInfo. In the consumer  market of Armenia in January-August 2020, a deflation of 1.2% was  recorded, against a 2.3% deflation in the same period of 2019. This  was triggered by a decline in prices for food products (including  alcohol and cigarettes) by 3.4% and non-food products by 0.6%, while  tariffs for services increased by 1%. According to the Statistical  Committee of the Republic of Armenia, on an annualized basis  (compared to January-August 2019), the consumer market recorded  inflation of 0.8% (against inflation of 1.8% a year ago), which was  facilitated by the rise in prices for food and non-food products by  05% and 0.8%, respectively, and an increase in tariffs for services  by 1.3%. The average monthly decline in prices on the consumer market  amounted to 0.2% in January-August 2020, against 0.3% decline a year  earlier.

ArmInfo.

ArmInfo.To ensure the normal construction process of the thermal power unit of the Yerevan TPP, it is necessary to import equipment worth over 9 billion drams.   This is stated in the substantiation of the draft decision of the RA  government, which at the September 3 meeting satisfied the  application of the company "Armpower" for exemption from customs  duties for imported equipment and raw materials.

ArmInfo. In the 1st half of 2020, 17.3 thousand tons of aluminum foil were exported from Armenia, which is 3% higher than a year ago (against 0.8% growth a year  earlier). At the same time, in monetary terms, the export of foil  showed a decline of 8.1% per annum - to $ 45.8 million.

ArmInfo.

ArmInfo.IDBank and Fora-Bank announce cooperation. From now on, it is possible to make instant transfers via Idram application, IDBanking.am platform and FORA-BANK application between the cards and accounts of the two banks from Russia to Armenia and vice versa, without visiting bank branches.

ArmInfo.The activities of the Armenia's National Interests Fund (ANIF) will become more flexible.

ArmInfo.The Minister of High-Tech Industry of Armenia Hakob Arshakyan got acquainted with the production of the "GORIS GAMMA" company, which manufactures products (parts) for the military industry.

ArmInfo. The increase in the price of gasoline in Armenia observed in the previous month is due to price fluctuations in the producing country, as well as an increase  in logistics costs. The EU national expert on transport Ara Marjanyan  expressed a similar opinion to ArmInfo.

ArmInfo.On September 8, Ameriabank will start the primary placement of the next tranche of registered coupon non-documentary dollar bonds in the amount of $ 5  million.

ArmInfo. Information technology companies in Armenia will receive additional state  assistance in the amount of 888 million drams. At a meeting on  September 2, the RA government approved a draft decision, according  funds are being redistributed under the 17th program of anti-crisis  measures to neutralize the economic consequences of COVID-19.

ArmInfo.

ArmInfo. 42 Chinese specialists of the Sinogidro Corporation arrived in Armenia to  participate in the construction of roads within the Tranche-3  investment program under the North-South project (Talin-Lanjik - 18.7  km and Lanjik-Gyumri - 27.5 km). The representative of the  <Sinogridro Corporation> company informed representatives of the  Ministry of Territorial Administration and Infrastructures of Armenia  about this.

ArmInfo.The Bureau of Auto Insurers of Armenia celebrates its 10th anniversary in September. By that date, the Bureau issued a progress report and presented in  figures the achievements on the main indicators. As ArmInfo was told  in the press service of the Bu Armenian Motor Insurers' Bureau, the  Bureau's long-term plans include membership in the international  Green Card system and broad cooperation within the framework of the  CIS countries. In the medium term, it is planned to liberalize  insurance premiums either with the establishment of maximum and  minimum thresholds, or without the need for them.

ArmInfo.After the coronavirus crisis, changes in the way the government works and the establishment of institutions, investments in the Armenian economy  will increase. Economist Vahagn Khachatryan stated this on September  2 during a press conference. However, he noted that large investments  should not be expected until peace is established in the region.

ArmInfo.

ArmInfo.The economic downturn in Armenia is due to more internal factors than external ones. Economist, former mayor of Yerevan Vahagn Khachatryan expressed  a similar opinion during a September 2 press conference. In this  vein, he pointed to the sector of tourism, services, construction,  stressing that the influence of the latter was more significant. 

ArmInfo.

ArmInfo.