ArmInfo.On 03 March, 2020, the online working seminar summarizing results of the first phase of GCF (Green Climate Fund, the headquartered of which is in Incheon City, Republic of Korea) funded “Scaling up green finance practices in the Republic of Armenia” project were presented to and discussed with the program beneficiaries.

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ArmInfo.The Armenian fuel market, which has been  under the influence of three politically interconnected players over  the past decades, and therefore does not have a natural price  environment, is becoming more flexible and competitive.

ArmInfo. For 2020, Armenian insurers reimbursed 23.2 billion drams or $ 44.4 million in different classes (figures are given from the reports of IC portfolios  according to the standards of the Central Bank of Armenia).

ArmInfo. The Ministry of High Technologies of Armenia presented the Armenian radio-electronic warfare (REW) satellite positioning "X-100" system.

ArmInfo.New mechanisms to control the public procurement process will be created in Armenia. The RA National Assembly, at its sitting on March 3 in the second and  final reading, made amendments and additions to the law "On State  Procurements".

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ArmInfo.The share of large taxpayers in the net tax revenues of the Republic of Armenia is significant and amounts to 71.1% or 773.3 billion drams. 

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ArmInfo.The World Bank (WB) predicted 3.1% GDP growth in Armenia for 2021 with an acceleration in 2022 to 4.5%, against an actual decline of 7.6% in 2020 (with a  projected 8%). This is stated in the new WB report "Global Economic   Prospects", which contains forecasts for 2021-2022.

ArmInfo.At the end of 2020, premiums in the insurance market of Armenia turned their annual dynamics from 19.1% growth to 2.6% decline, which was also observed  along the trend of indemnities - from 17% growth to 13.2% decline. 

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ArmInfo.The total net profit of insurance companies in Armenia for 2020 jumped 4.6 times (against a growth of 6.4 times in 2019), exceeding 4.4 billion drams or $ 8.5  million. According to the Financial Rating of Armenian insurance  companies prepared by ArmInfo IC, this was observed against the  background of deterioration of the annual dynamics of both premiums  and reimbursements, the former being less significant than the  latter.