ArmInfo.

ArmInfo. Diversion of statistics from the reality can play a cruel joke with people  publishing figures. Secretary of the Citizen's Decision party, economist Suren Sahakyan, expressed a similar opinion to ArmInfo.

ArmInfo."Kangoon" - Club of Experts NGO  will help improve investment environment in Armenia. A memorandum of cooperation was signed on February 3 between the club and the RA Ministry of Economy. 

ArmInfo. Ameriabank provided significant quantitative and qualitative growth in the retail loan portfolio. As ArmInfo was explained in the press service of the bank,  in 2019 this portfolio grew by 48%, amounting to 178 billion drams.  At the same time, the share of non- performing loans in the loan  portfolio decreased significantly - to 1.9% in 2019 from 3.8% in  2018.  

ArmInfo.

ArmInfo.ARARATBANK launched a three-year term deposit - "Ararat Comfort". As ArmInfo was informed in the press service of the bank, this deposit has an attractive  interest rate and the ability to replenish the amount without  visiting the bank. According to the source, the annual nominal  interest rate for dram deposits is 9%, for dollars - 4.65%, for euros  - 2.5%.

ArmInfo.

ArmInfo.

ArmInfo.We should work jointly  to ensure at least 8-9% economic growth in 2020. Armenian Prime Minister Nikol Pashinyan wrote about this on his Facebook page.

ArmInfo. In 2019, the banking system of Armenia increased tax payments to the state  treasury by 7.7% - up to 54.6 billion drams ($ 114 million). Of this  amount, 94.5% or 51.6 billion drams were paid in direct taxes, with a  y-o-y growth of 23.8%.

ArmInfo. "VEON Armenia" CJSC (BeeLine trademark) leads the list of the largest taxpayers of Armenia among telecom operators. According to the published data of  the State Revenue Committee of the Republic of Armenia for  January-December 2019, the company took 10th place against 45th year  earlier, having allocated 12.2 billion drams to the budget through  taxes, of which 18.5 million drams - on customs duties, 3.5 billion -  for direct taxes (including income tax, profit tax) and 3.4 billion -  for indirect taxes (including VAT, excise tax).

ArmInfo. Converse Bank signed 8 million US dollars equivalent local currency two loan facilities with the European Bank for Reconstruction and Development (EBRD).

ArmInfo.

ArmInfo.According to the results of 2019, the list of the largest taxpayers of Armenia was headed by the Armenian-Canadian joint venture "Grand Tobacco"  (against the 2nd position a year earlier), having paid over 57  billion drams or about $ 119 million to the state treasury (with a  y-o-y growth of 35.1%).

ArmInfo.

ArmInfo. "Armenal" plant continues to be one of the leaders in terms of social policy in the mining and metallurgical industry of Armenia. Eduard Pakhlevanyan,  Chairman of the Republican Union of Professional Organizations of  Miners, Metallurgists and Jewelers - Members of the Trade Union  Confederation of Armenia, expressed a similar opinion during a  January 31 press conference.

ArmInfo. Converse Bank signed 8 million US dollars equivalent local currency two loan facilities with the European Bank for Reconstruction and Development (EBRD). Out of the total loan proceeds 6 million US dollars equivalent in local currency will be channeled to the financing of private micro, small and medium enterprises and 2 million US dollars equivalent in local currency to women-led MSMEs in the frames of EBRD’s “Women in Business” Programme.

ArmInfo.The mining industry of Armenia needs a systematic approach. The chairman of the Industrial Republican Union of Professional Organizations of Miners,  Metallurgists and Jewelers - members of the Confederation of Trade  Unions of Armenia Eduard Pakhlevanyan, announced this during the  press conference on January 31.

ArmInfo.IDBank is one of the first Armenian banks to go live with SWIFT global payment innovation (gpi) service. It allows to make cross-border payments service considerably faster and more transparent, as well as to monitor the entire route of transfers or stop and recall the payment․

ArmInfo. Nominal wages in Armenia accelerated growth rates - up to 5.8% in January-December 2019 from 3.8% in January-December 2018, amounting to 182750 drams ($  380). In December alone, nominal wages increased by 26.4%, against a  23.4% increase in December 2018.  In December 2019, as compared to  December 2018, the nominal wage increased by 5.4%, against a growth  of 2% in December 2018 compared to December 2017.