ArmInfo. Vahan Kerobyan has  been appointed Minister of Economy of the Republic of Armenia. The  corresponding decree was signed today by RA President Armen  Sarkissian.

ArmInfo. The economies of the member countries of the Eurasian Development Bank will enter the growth phase in 2021. A similar opinion was expressed by the chief  economist of the Eurasian Fund for Stabilization and Development  (EFSD) Yevgeny Vinokurov during the video bridge "Economy of the EAEU  countries in 2021 - forecast for Armenia, Belarus, Kazakhstan,  Kyrgyzstan, Russia and Tajikistan".

ArmInfo. For the development of design estimates for construction and repair in  Armenia roads of interstate, inter-republican and inter-community  importance will be allocated 243.5 million drams. At the meeting on  November 26, the RA government redistributed budgetary funds for  solving the set task.

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ArmInfo. The preparatory  activities for annealing of the reactor vessel metal are started at  the ANPP in the framework of the contract concluded with the Rusatom  Service JSC, the press service of ANPP reports.

ArmInfo. The number of  migrant workers in the EAEU countries in the first half of 2020  decreased by 41% per anum, amounting to 279 thousand. On November  25, during a briefing, the Assistant to the Chairperson of the Board  of the Eurasian Economic Commission (EEC) Iya Malkina said.

ArmInfo. In connection with  the second wave of the coronavirus pandemic, according to updated  forecasts, the GDP growth rate of the states of the Eurasian Economic  Union will decrease by about 3.9% in 2020, with a recovery of growth  by 3.2% in 2021.

ArmInfo. In the annual rating of the most reliable banks in the world by the well-known American magazine Global Finance, for the fourth year in a row, Ardshinbank is  recognized as the most reliable bank in Armenia.

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ArmInfo. Fitch Ratings has withdrawn the Armenian City of Yerevan's 'B+' Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) as the issuer has chosen  to stop participating in the rating process, the statement of the  Fitch Ratings reads.

ArmInfo. Growth of the net inflow of transfers from individuals to Armenia in January-September 2020 by 28.5% per annum- up to $ 429.6 million (against a 25.69%  decline a year earlier) is supported by a jump in the net inflow of  remittances from the United States - 8- fold to $ 200.6 million  (against a 4-fold decline a year earlier). According to the Central  Bank of Armenia, the inflow of individual transfers to Armenia from  the United States in January-September 2020 accelerated the annual  growth from 29.3% to 50.7%, amounting to $ 301.6 million, while the  outflow of transfers from Armenia to the United States from last  year's 71.6 % growth went down 56.9%, amounting to $ 101.04 million.

ArmInfo. Armenia's gross international reserves in January- October 2020 decreased by 18.7% - to $ 2.316 billion. In y-o-y terms (October 2020 versus October  2019), this indicator decreased by 6.2%, and in October alone - by  5.2%. This is evidenced by the data of the Central Bank of Armenia.

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ArmInfo.An International Monetary Fund (IMF) team led by Nathan Porter conducted discussions on the third review of Armenia's reform program supported by the IMF  Stand-By Arrangement (SBA). According to the IMF's press release,  discussions were held during September 2-November 16, 2020. At the  conclusion of the discussions, Mr. Porter issued the following  statement:

ArmInfo.The International Monetary Fund (IMF) predicts a decline in GDP of more than 7% in Armenia in 2020, with a modest growth in 2021. This is stated in the  press release of the IMF, in which, in addition to information on the  third revision of the Stand-by loan for Armenia, the head of the IMF  delegation in Armenia Nathan Porter also provides updated forecast  indicators.

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ArmInfo.The Eurasian Development Bank (EDB), within the framework of a loan from The Export-Import Bank of China (Eximbank of China), attracted 1.5 billion yuan (about 230 million US dollars) to finance cross-border transactions between the PRC and member countries of the Bank, namely Armenia, Belarus, Kazakhstan,  Kyrgyzstan, Russia and Tajikistan. The corresponding agreement was  signed on November 16, 2020. The credit line was provided for 5  years. The press service of the bank reports.

ArmInfo. The Federation Council on November 18 ratified the protocol on amendments to the cooperation agreement with Armenia. The document concerns the supply  of natural gas, oil products and rough natural diamonds.