ArmInfo.

ArmInfo.Strategic transaction for the sale of package of shares of International Energy Corporation CJSC (IEC CJSC, Republic of Armenia) owned by RusHydro Group to the  Hrazdan Energy Company, a member of the Tashir Group, has been  completed.

ArmInfo.In the Kotayk region, 51 subvention programs are implemented in the amount of 2 billion AMD. More than 1 billion 48 million will be allocated from the community  budget.

ArmInfo. The World Bank has approved various financial support tools in the fight against  coronavirus, which may be available to Armenia as the need arises.   The Regional Director of the World Bank for the South Caucasus,  Sebastian Molineus announced this on March 10 during a meeting with  Deputy Prime Minister Mher Grigoryan.

ArmInfo. Small and medium businesses in Armenia do not have a clear idea of the direction the state is heading. Head of Ameria Management Advisory Tigran Jrbashyan  expressed this opinion on March 10 during panel discussions as part  of an event attached to the study on the SME market carried out by  Ameria CJSC. 

ArmInfo.  The most serious cause for concern in the field of small and medium-sized businesses is the lack of readiness of the latter for long-term investments.  Head of Ameria Management Advisory Tigran Jrbashyan told reporters on  March 10, referring to a study of the SME market of Armenia, prepared  for the second time by Ameria CJSC (the first study dates back to  2013 -ed.note).

ArmInfo. Armenia sharply reduced diamond exports against growth by 2.3-fold in 2018 - up to 224.8 thousand carats, which is 65.1% lower than the indicator a year  ago. Customs value was $ 54.1 million, with a y-o-y decline of 29.9%.   According to the RA Customs Service, diamonds are exported from  Armenia mainly to the UAE (62%), Russia (18%), the USA (7%), Belgium  (6.8%), Israel (3.2%) and Canada (2, 5%). 

ArmInfo. In 2019, Armenia slightly reduced natural gas imports by 0.3% - to 2,499,947 cubic meters. The customs value of imported natural gas increased by 11.1%,  amounting to $ 417.6 million.

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ArmInfo. From January 1, 2021, Armenian business entities developing mines will have to pay taxes on production waste. Minister of Environment of the Republic of Armenia  Erik Grigoryan  announced on January 9 at a meeting of the  Parliamentary Inquiry Committee for Studying the legality validity  and reliability of financial and other reports submitted to the  bodies of executive power and adopted by them in the framework of  investment programs in the area of industrial metal mining.   According to him, from January 1, 2021, payments to the state budget  will begin, which has never happened before. At the same time, the  amount of taxes will vary depending on the degree of environmental  hazards of the mine and will start from 40 thousand drams. Moreover,  in this case we are talking about both polymetallic and non-metal  mines.

ArmInfo. The volume of oil products imported to Armenia increased by 19% in 2019, amounting to 393.2 thousand tons, against the decline in 2018 by 4.6%.  According  to the data of the Armenian Customs Service, a growth of 6.9% was  also recorded in value terms, exceeding $ 297 million.

ArmInfo.If panic persists in the oil market and the devaluation of the Armenian dram continues, prices will rise in the domestic market of Armenia. A similar point  of view is held by an economist, Ph.D. in economics, Suren Parsyan.

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ArmInfo. A meeting was held at the Prime Minister of the Republic of Armenia, Nikol Pashinyan, during which a strategy for the development of small and medium-sized  businesses was presented. This was reported by the press service of  the government.

ArmInfo. The Enterprise Incubator Fund and the Asian Development Bank (ADB) discussed possible cooperation programs for the City of Engineering. According  to the Foundation's official statement, the parties named energy as a  priority area of interaction, where artificial intelligence and smart  solutions can create added value.

ArmInfo.Responding to the trends in the financial market, Converse Bank has revised the terms and conditions of mortgage lending carried out in partnership with the National Mortgage Company, by setting more competitive interest rates for a number of types of loans.

ArmInfo.A number of French enterprises are interested in developing business in Armenia. Ambassador Extraordinary and Plenipotentiary of France to Armenia Mr.  Jonathan Lacote stated this during a meeting with Minister of Economy  of the Republic of Armenia Tigran Khachatryan. He noted that business  sees real opportunities in Armenia today.

ArmInfo.In 2019, Armenia increased the production of all alcoholic beverages, with the exception of whiskey.