ArmInfo.Economic growth in Armenia in 2020 will be lower than forecasted. The Minister of Economy of the Republic of Armenia Tigran Khachatryan stated this on  April 3 at a press conference in Yerevan.

ArmInfo.Yerevan Municipality has announced an open tender for the acquisition, installation and maintenance of 500 new elevators in 10 administrative districts of  the capital.

ArmInfo.

ArmInfo. Led by Prime Minister Nikol Pashinyan, a meeting on stimulating investment policy was held today in the government with the participation of heads and  representatives of various government departments. This was reported  by the press service of the government.

ArmInfo. Gold in Armenia began to rise sharply after the decline in value a week earlier. In general, prices for precious metals in Armenia increased by 13.9%  this week (after a sharp decline in the previous week - by 20.5%).

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ArmInfo. At today's meeting of the RA government, 4 investment projects were approved. <4 investment projects is a good sign. We need to transform the high economic impulses existing in the pre-coronavirus period into future positive  expectations that can be realized only by working'', RA Prime  Minister Nikol Pashinyan said.

ArmInfo.

ArmInfo.Taking into consideration the state of emergency in our country and the fact that during this period of time, without income recovery, our customers will have difficulties with the repayments of the loans after the grace period, IDBank announces the second stage of customer support.

ArmInfo.

ArmInfo.Armenia did not suspend cargo transportation with Iran in the context of the  coronavirus pandemic, since from an economic point of view this was  justified.  As reported by ArmInfo in the RA MFA, the Armenian  Ambassador to Iran Artashes Tumanyan stated this in an interview with  ArmNews TV channel.

ArmInfo. The Investment Promotion Center received 11 applications from SMEs for 3 packages of anti-crisis measures 

ArmInfo.According to the results of the 1st quarter of 2020, in comparison with the same period of 2019, Armenia exceeded the budget figures for tax revenues  by 49.5bn. drams, and compared to 2018. - for 100 billion drams. This  was announced on April 2 by the Prime Minister Nikol Pashinyan during  a government meeting.

ArmInfo.

ArmInfo. According to the forecast of the Central Bank of Armenia for 2020, the ratio of the state budget deficit to GDP will be 3% (against the actual 1% in 2019 with  a y-o-y decline of 0.9 percentage points), and if the announced  volume of the anti-crisis assistance package does not change and will  be fully implemented during the current year, this ratio can reach  5.3%.

ArmInfo.According to the forecasts of the Central Bank of Armenia, inflation by the end of 2020 will amount to 1.9% and will head for the target threshold in  the medium term.  This was noted in the Monetary Policy Program of  the CBA for the I quarter of 2020, published today.  Moreover, the  Central Bank expects that inflation will remain low in the coming  months.

ArmInfo. According to the forecast of the Central Bank of Armenia, the impact of coronavirus on the economy will slow down the growth of Armenia's GDP in 2020 to a  stagnant 0.7% (from the actual 7.6% growth in 2019). In 2021, growth  is expected to recover to 7.2%. This is stated in the Central Bank's  monetary policy program for the first quarter of 2020, published  today.

ArmInfo.Given the current situation in Armenia related to the spread of coronavirus, the leadership of the Armenian Nuclear Power Plant is taking all possible  measures to implement the unhindered operation of the nuclear power  plant and monitor the health status of employees. In the current  situation, a headquarters was created at the ANPP, which implements  measures aimed at preventing the spread of the virus.

ArmInfo.Within the framework of 2 and 3 state support packages developed by the Ministry of Economy of the Republic of Armenia as anti-crisis measures in  connection with the coronavirus pandemic, the procedure for seeking  help is established for economic entities. Deputy Minister of Economy  of the Republic of Armenia Naira Margaryan announced this on April 1  during a press conference in the Unified InfoCenter.

ArmInfo.Converse Bank’s Card2Card service is available through the new Mobile application as well. The service enables cardholders of the Bank, as well as those of other ArCa member banks, to make transfers to Mastercard, Visa and ArCa payment cards which  are non-ArCa system members, as well as to foreign bank payment cards, at any time and from anywhere in the world.