ArmInfo.

ArmInfo.

ArmInfo. The COVID-19 pandemic and the fighting are having a negative impact on the Armenian economy. On November 3, RA Minister of Economy Tigran  Khachatryan stated this in an interview with journalists in the  country's parliament.

ArmInfo.In 2021, the State Revenue Committee will implement 1 program and 11 events. On November 3, during the discussions in the parliamentary committees  on the  draft state budget of Armenia in 2021, the chairman of the SRC Edgar  Hovhannisyan stated.

ArmInfo.

ArmInfo.In the face of uncertainty caused by the COVID-19 pandemic and ongoing military action, it is necessary to ensure a smooth consolidation of fiscal  funds in order to ensure budgetary performance and public debt  indicators. The Minister of Finance of the Republic of Armenia Atom  Janjughazyan stated on November 3 at a joint meeting of parliamentary  committees on Economic Affairs and Finance, credit and budgetary  issues, presenting the draft state budget of the country for 2021.

ArmInfo.IDBank already has a branch in Shengavit administrative district: it is equipped with the best technological solutions for modern service and stands out with the unique and stylish design of the hall. Shengavit branch also has IDBanking 24/7 service zone, which allows seven days a week, 24 hours a day, to use more than 200 services: cash in /out, replenishment of accounts, utility payments, etc.

ArmInfo.The ratio of public debt to GDP will reach 65% in 2020. Presenting the draft budget for 2021 on November 2, the Minister of Finance of Armenia Atom  Janjughazyan said this. At the same time, he drew attention to the  fact that in 2021 the share of public debt will decrease by 1.7  percentage points up to 63.2% of the country's GDP.

ArmInfo. In view of the expected economic recovery in 2021, the ratio of taxes to GDP will increase by 0.5 p.p., amounting to 1.501 trillion AMD.

ArmInfo.

ArmInfo. The Ministry of  Finance of Armenia believes that economic recovery in the republic  can be expected as early as next year. RA Minister of Finance Atom  Janjughazyan stated this on November 2, presenting the draft budget  of the RA for 2021.  In this vein, he noted that the International  Monetary Fund (IMF) is of the same opinion. As the minister noted,  the IMF expects a late recovery of economic growth in Armenia in  2021, the rates of which will be rather low. "Consequently, the GDP  growth for 2021, according to IMF experts, will be lower than the  projected indicators," Janjughazyan said.

ArmInfo. Ensuring macroeconomic stability should become the most important guarantee for attracting investments and increasing the potential of the  Armenian economy. Deputy Prime Minister Mher Grigoryan stated this on  November 2 at the discussions in the parliamentary commissions of the  draft state budget of the country in 2021.

ArmInfo.

ArmInfo.According to the results of 9 months of 2020, the corporate component dominates in the premium portfolios of Armenian insurers - 50.9% (AMD 17.2 billion),  while the retail component accounts for 49.1% (AMD 16.6 billion),  against 49.7% and 50, 3% respectively a year earlier.

ArmInfo.

ArmInfo.In December of this year, within the framework of the EAEU, the project "Work without Borders" will start, which will provide the citizens of the Union  with the opportunity to see vacant jobs in the member states, and  will allow employers to see job seekers. This was stated by Gegham  Vardanyan, Minister of the EEC for Internal Markets, Informatization  and Information and Communication Technologies.

ArmInfo.

ArmInfo.VEON (parent company of VimpelCom) announced that it had agreed to sell its business in Armenia "VEON Armenia" by Team LLC. This was reported by  Interfax with reference to the company's press service. The deal is  expected to close soon.

ArmInfo.

ArmInfo.