ArmInfo. The negative trend of the manufacturing industry in January-April 2020  affected the growth   date of the industrial sector in Armenia. According to the data of  the Statistical Committee of the Republic of Armenia, during the  reporting period, the volume of industrial production of Armenia  increased by 4.2% versus the same period of 2019 (against the 4.5%  growth a year earlier), amounting to 585.2 billion drams ($ 1.2  billion). In April alone, the industry showed a decline of 9.2% to  135 billion drams ($ 275.8 million).

ArmInfo.

ArmInfo.

ArmInfo. European Bank for  Reconstruction and Development (EBRD) for the second year in a row,  this time following the results of 2019, names its trade finance  partner, Armswissbank, as the most active issuing bank in Armenia. As  the Bank's press service told ArmInfo, the TFP Awards ceremony, which  was to be held at the annual meeting and the EBRD business forum in  May 2020, had to be canceled due to the Covid-19 pandemic, but the  list of winners is presented on the EBRD published on June 4. The  winners of the honorary award were 27 banks, along with Armswissbank  TBC (Georgia), Belinvestbank (Belarus) and JSC Bank Centercredit  (Kazakhstan) are also on the list.

ArmInfo.  Following the results  of 5 months of 2020, an increase in revenues to the state budget by  2.3% was registered in Armenia. Artur Manukyan, Deputy Chairman of  the RA State Revenue Committee (SRC),  announced on June 8 during the  joint meeting of the RA NA Standing Committees on Economic,  Financial, and Budgetary Affairs.

ArmInfo.

ArmInfo. In Armenia electricity  tariffs will not increase, at least until February 1, 2021. Chairman  of the Commission for Regulation of Public Services (PSRC) Garegin  Baghramyan announced this on June 8 in a conversation with reporters.

ArmInfo.Until August 10, 2020, Veolia Jur will submit an application to the Public Services Regulatory Commission (PSRC) to review tariffs for water services. On  June 8, Garegin Baghramyan, chairman of the RA Public Services  Regulatory Commission, announced this in an interview with reporters.

ArmInfo.Gas tariffs for some groups of consumers will increase slightly in Armenia. On June 8, Garegin Baghramyan, chairman of the Public Services Regulatory  Commission (PSRC) of the Republic of Armenia stated this in an  interview with reporters.

ArmInfo.

ArmInfo. In January-April 2020, the y-o-y output of aluminum foil in Armenia increased by 12.5%, amounting to a total of 11,686 tons, against the 4.1% decline a year  earlier over the same period.

ArmInfo.The policy of theGovernment of the Republic of Armenia is aimed at changing the structure of the economy

ArmInfo.

ArmInfo.The RA Audit Chamber gave a positive conclusion on the implementation of the 2019 state budget. The head of the Audit Chamber Levon Yolyan said this on June  5 during a meeting of the parliament.

ArmInfo.In prestigious annual TFP Awards organize by EBRD within the scope of Trade Facilitation Programme (TFP) ARMSWISSBANK CJSC was awarded the "Most Active Issuing Bank in Armenia in 2019" 

ArmInfo. On June 5, Chairman of the Central Bank of the Republic of Armenia Artur Javadyan presented the conclusions of the Central Bank of the Republic of Armenia on the implementation of the 2019 state budget during a meeting of the  Parliament of the Republic of Armenia. First of all, Javadyan  emphasized that the implementation of the budget in 2019 contributed  to the sustainability of the public debt. In this vein, he said that  the ratio of debt to GDP in y-o-y terms decreased by 1.3%, amounting  to 50%.

ArmInfo.Constantly improving and attaching great importance to the wishes and suggestions of the customers, the digital platform of IDBank and Idram already provides the opportunity to order IDBank's Visa Gold, Visa Signature, Visa Infinite debit cards without wasting time in any currency and with a free delivery.

ArmInfo.Armenia, and not Armenian airlines, is on the EU's "black list".  On June 5, an MP from the Bright Armenia faction Gevorg Gorgisyan stated this at a briefing in  parliament.

ArmInfo.The Armenian government considers it necessary to improve the public procurement system. Minister of Finance of the Republic of Armenia Atom Janjughazyan, answering the questions of MPs Mane Tandilyan and Sergey Bagratyan,  announced this on June 5 at the preliminary hearings at the National  Assembly of the Republic of Armenia on the implementation of the  state budget of 2019.

ArmInfo.RA Deputy Prime Minister Mher Grigoryan presented the main indicators for the implementation of the state budget in 2019 during the meeting of the  Parliament of the Republic of Armenia. In particular, he emphasized  that the implementation of the budget in 2019 was consistent with the  indicators established by the fiscal rules.