ArmInfo.In 2019, Armenia increased the volume of export of copper ore by 32.3% to 562 thousand tons, against the decline in 2018 by 13.2%. According to the data of  the RA Customs Service, in value terms, export of copper ore amounted  to $ 626.6 million, with a y-o-y growth of 19.2%.

ArmInfo. In 2019, the NPL level in the total loan portfolio of Armenian banks decreased from 9.5% to 8%, and in assets from 6.2% to 5.1%. At the same time, the volume of  overdue loans for the reporting year remained almost unchanged, while  the amount of healthy (standard) loans began to grow more slowly. In  their structure, over 62% are non-performing and doubtful loans  groups, and the dominant of the latter does not decrease.

ArmInfo.

ArmInfo.

ArmInfo. Ambassador of Armenia to the Russian Federation, Plenipotentiary Representative of the Republic of Armenia to the Committee on Economic Affairs at the  Economic Council (EC) Vardan Toghanyan in Moscow takes part in the  85th meeting of the EC of the Commonwealth of Independent States  (CIS).

ArmInfo.

ArmInfo. In 2019, Armenia reduced wheat imports by 23.2% to 250.3 thousand tons, demonstrating a decline in value terms by 19.7% to $ 50.5 million. The Russian  Federation (88.6%) acted as the main importer of wheat. Ukraine  (6.9%), Georgia (4.5%).

ArmInfo.The Court of Appeal, presided by Judge Harutyun Yenokyan, published the decision made as  the result of the examination  of the appeal filed by IDBank against the decision of the Court of General Jurisdiction of Yerevan concerning  the case  “BML Arzni'' versus “Anelik Bank” .

ArmInfo.

ArmInfo. Armenia has been living in a state of very low inflation for too long - a situation  that does not contribute to increasing the competitiveness of the  country's economy, stimulating exports and investments. This opinion  was expressed by well-known economist, head of Ameria Management  Advisory Tigran Jrbashyan at a press conference on the possible  impact on Armenia of the devaluation of the Russian ruble after  Russia's refusal to extend the OPEC + agreement against the backdrop  of the coronavirus pandemic.

ArmInfo. In 2019, Armenia imported 55.8 thousand tons of sugar, which is 32% less than the indicator a year ago (against the decline by 26% in 2018). According  to the report of the RA Customs Service, in value terms, sugar  imports decreased by 32.4% to $ 20.2 million.

ArmInfo. In order to prevent coronavirus, the Central Bank of Armenia urges citizens to use non-cash means of payment and online banking services. This was noted  in the message of the CBA.

ArmInfo. At a meeting on March 12, the Armenian government recognized the agreement with the World Bank on the second, additional financing of the program for the  restoration of vital roads as urgent for ratification. The document  in accordance with established procedure will be sent to the  country's parliament.

ArmInfo. In Armenia, a security system has not yet been formed that would be able to quickly and clearly respond to unforeseen shock events that could negatively  affect the socio-economic situation in the country.

ArmInfo. Belarus hopes to increase trade turnover with Armenia in 2020. Minister of Forestry of the Republic of Belarus Vitaly Drozhzha reported this to journalists  on March 12.

ArmInfo. The new series of Armenian banknotes won the accolade for the Best New Series at the High Security Printing EMEA-2020 contest, the press service of the  Central Bank of the Republic of Armenia reports.

ArmInfo. In Armenia, the situation with coronavirus will have economic consequences. Minister of Economy of the Republic of Armenia Tigran Khachatryan stated this  to journalists on March 12. To recall, in Armenia cases of infection  of 4 persons with a new type of coronavirus were officially  confirmed, a total of 57 people were isolated.

ArmInfo.Ardshinbank’s 2118 borrowers of home equity loans received 5% cashback from the interests they paid for their loans during the previous calendar year. This time, the total amount of money returned by the Bank to borrowers amounted to about 62 million drams.

ArmInfo. Reducing demand in the service sector due to falling oil prices will be less noticeable than in the construction sector and the real estate market in Russia,  where labor migrants from Armenia are involved. This opinion was  announced on March 12 through the Moscow- Yerevan-Bishkek-Tbilisi- Minsk video conversation by Alexey N. Zubets, Head of the Department of Sociology and Political Science, Financial  University under the Government of the Russian Federation (Moscow,  Russia).

ArmInfo.  Due to the devaluation of the ruble, inflation in Russia can reach 7%, and in  the post-Soviet countries it may be higher than in Russia. On March  12, through   a Moscow-Yerevan-Bishkek-Tbilisi-Minsk video  conversation, answering a question from ArmInfo correspondent, Alexey  N. Zubets, Head of the Department of Sociology and Political Science,  Financial University under the Government of the Russian Federation  (Moscow, Russia), said.