ArmInfo. The volume of  industrial production in Armenia in January-May 2020, against the  same period a year ago, slowed down the y-o-y growth rate - from 5.6%  to 2.4%, which was due to the subsidence of manufacturing production  volumes. So, according to the Statistical Committee of the Republic  of Armenia, during the reporting period, the industrial production  volume of Armenia amounted to 735.6 billion drams ($ 1.5 billion). In  May alone, the Armenian industrial sector grew by 11.9% (after the  April decline of 9.2%) to 150.4 billion drams ($ 310.6 million), with  an y- o-y decline of 3.9%.

ArmInfo. The ruling "My Step"  faction in Armenia nominated Hovhannes Khachatryan to the vacant post  of member of the Council of the Central Bank of Armenia.  As the  press service of the National Assembly of the Republic of Armenia  reports, the candidacy of Hovhannes Khachatryan will be considered at  a meeting of the NA Standing Committee on Financial- Credit and  Budgetary Affairs on July 8. The keynote speaker will be Artak  Manukyan, Deputy Chairman of the Commission.

ArmInfo. In Armenia, economic  activity in January-May 2020 decreased by 3.9% per annum amid a  deepening decline in exports and imports. In May this year by May  2019, economic activity decreased by 12.8%, while only in May 2020 it  showed an increase of 13.3% (after the April decline of 13.5%). A  year earlier, during the same periods, economic activity showed  growth: in January-May 2019, by the same period of 2018, by 7.3%, the  same in May 2019 compared to May 2018, and only in May - by 8.4%.

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ArmInfo.

ArmInfo.

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ArmInfo.The practice of drying fruit in Armenia originated centuries ago. Back in the 5th century BC Greek historian Herodotus mentioned the sun-kissed dried fruit that was transported by Armenian merchants along with wine and other products.

ArmInfo.  On July 9, "Fast Credit  Capital" Universal Credit Organization (UCO) will start issue and  placement of its dram and dollar bonds with issue volumes of 400  million drams and $ 4 million, respectively. This is evidenced by the  July 3 decision on registration of the issue prospectus of these  tranches, posted on July 6 on the CBA website.

ArmInfo.  As part of the 22nd  package of anti-crisis measures developed by the Armenian government  to mitigate the socio-economic consequences of the coronavirus  pandemic, citizens who lost their jobs for the period from March 1 to  June 30 this year will receive lump sum benefits. According to the  press service of the government, the amount of the benefit is 68  thousand drams.

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ArmInfo.

ArmInfo. The Armenian brandy  segment remains attractive to large alcohol distributors. Thus,  Luding Group of Companies has created an Aivazovsky brand jointly  with the Armenian plant MAP CJSC for its promotion in Russia. In two  years, the partners intend to invest $ 10 million and bring the  product to the top three in the segment. Experts doubt success: many  consumers of such drinks switch to whiskey, and it will be difficult  to promote a new brand in conditions of advertising restrictions.

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ArmInfo.

ArmInfo.

ArmInfo.IDBank offers to move your business to online platform to use the new privileges of Internet-acquiring with profitable conditions and give an opportunity to your customers to avoid contact with cash and use your services remotely.

ArmInfo. From June 30 to July 2 an online pitching of business projects of self-employed Syrian Armenians, repatriates - residents of the SPARK program of the IRIS Business Incubator Fund was held.

ArmInfo. The Eurasian Fund for  Stabilization and Development (EFSD, Fund), has published a working  paper "Global Financial Safety Net in Eurasia: Accessibility of  Macroeconomic Stabilization Financing in Armenia, Belarus,  Kyrgyzstan, and Tajikistan". The analysis is of particular importance  in the context of the current crisis associated with the COVID-19  pandemic, the Official Website of Organization reports.

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