ArmInfo.

ArmInfo.The Ministry of Territorial Administration and Infrastructure of the Republic of Armenia announced the second additional financing within the  framework of the World Bank-funded project to improve the M11 highway  network.

ArmInfo. Almost all essential goods and medical products of primary importance from third countries will be imported to the EAEU market at zero customs duty. This was  announced by the Minister of Economy of the Republic of Armenia  Tigran Khachatrian on March 19 during a press conference in the  Unified Information Center of the Republic of Armenia.

ArmInfo.Coronavirus will have a significant, but short-term impact on the Armenian economy. This opinion was expressed by Minister of Economy Tigran Khachatryan  during a press conference in the Unified InfoCenter of the Republic  of Armenia on March 19.

ArmInfo. Armenia imposes temporary restrictions on the export of a number of medical products. This is stated on the official page of the Armenian Unified  Infocenter on Facebook.  According to the report, the export of these  types of products may be authorized by the State Revenue Committee on  the basis of the written consent of the Ministry of Health of the  Republic of Armenia. The list of products can be found by clicking on  the following link: https://bit.ly/2QvhaXh

ArmInfo. In Armenia, prices for precious metals slowed down the decline over the week from 4.7% to 2.3%. Moreover, a downtrend is observed for all precious metals,  with the exception of gold, the price of which has turned upward from  the recession.

ArmInfo.

ArmInfo. The current revenue of Armenian tour operators over the past month is close to zero, both for inbound and outbound tourism. An expert on tourism of the Slice  Tours company told ArmInfo correspondent about this.

ArmInfo.Fitch Ratings has  affirmed ACBA-Credit Agricole Bank CJSC's (ACBA) and Ardshinbank  CJSC's (Ardshin) Long-Term Foreign- Currency Issuer Default Ratings  (IDRs) at 'B+' with Stable Outlooks.  The banks' IDRs and senior debt  ratings are driven by their intrinsic strength, as captured by their  'b+' Viability Ratings (VRs).

ArmInfo. The State Duma ratified the Protocol on amending the Agreement between the  Government of the Russian Federation and the Government of the  Republic of Armenia on cooperation in the supply of natural gas, oil  products and rough natural diamonds to Armenia dated December 2,  2013.

ArmInfo. On March 19, the RA Government approved the signing of an agreement with Germany on financial cooperation. It was proposed to Armenia back in 2018.  This  is stated in the reference justification of the draft decision of the  Government of Armenia.  According to the source, within the framework  of the agreement, the German government provides an opportunity for  the Armenian government to attract loans and financial assistance for  a number of programs of the German Development Bank KfW.

ArmInfo. The issue of new state duty rates on brandy produced in Armenia has been returned for revision to the interagency commission.  As the Minister of Economy  of the Republic of Armenia Tigran Khachatryan noted at a government  meeting on March 19, at present, when organizing the production of  brandy, the entities must pay an annual state duty of 10 million  drams.

ArmInfo.The daily production of alcogel, an antimicrobial disinfectant, doubled in Armenia. Chairman of the State Commission for the Protection of Economic Competition  (SCPEC) Gegham Gevorgyan said this at a government meeting on March  19.

ArmInfo. In this difficult time it is necessary to move forward with competent actions. RA Prime Minister Nikol Pashinyan stated it  on March 19 RA at a meeting of  the Armenian government.

ArmInfo. Within the next 1-2 days, the Armenian government will present for public discussion a program of anti-crisis measures to overcome the coronavirus situation  and the situation in global markets. The Prime Minister of Armenia  Nikol Pashinyan stated this at a government meeting on March 19.

ArmInfo.

ArmInfo. The Armenian government will allocate 150 billion drams ($ 300 million) to improve the economy in connection with the consequences of the coronavirus and  this amount can be increased, Armenian Prime Minister Nikol Pashinyan  said in an interview with "Shant" TV channel.

ArmInfo. In connection with the spread of the COVID-19 virus throughout the world, the  uncertainty of economic activity and its prospects has intensified, which has increased the challenges for ensuring macroeconomic stability.

ArmInfo. The INGO Armenia insurance company decided to switch to an emergency mode of remote servicing, based on social responsibility to customers and taking  into account the government decision to introduce an emergency. This  was reported by the press service of INGO Armenia IC, while  simultaneously notifying that all employees of the insurance company  will work from home, ensuring uninterrupted workflow.

ArmInfo.The Armenian government proposes to extend the duration of state duties on cement imported from Iran and several other countries until July 1. On March  18, the Deputy Minister of Economy Avag Avanesyan informed about such  intention during the sitting of the NA Standing Committee on Economic  Affairs.