Economy
.jpeg "IMF to disburse $280 million to Armenia after the Board meeting in mid-May")
10/04/2020 12:20IMF to disburse $280 million to Armenia after the Board meeting in mid-MayWe are happy to announce that the IMF team reached a staff-level agreement with the Armenian authorities on the conclusion of the second review under their economic reform program supported by a three-year SBA. The agreement is subject to approval by the IMF’s Executive Board, which is scheduled to consider the review in mid-May. T.jpg "BBC: Oil producers agree to cut production by a fifth")
10/04/2020 10:09BBC: Oil producers agree to cut production by a fifthIt said the cuts would be eased to eight million barrels a day between July and December. Then they would be eased again to six million barrels between January 2021 and April 2022..jpg "Armenia's deputy PM still waits for response from Gazprom")
09/04/2020 14:07Armenia's deputy PM still waits for response from Gazprom“There is no response yet. I think it is agreed with the working and non-working days. We are expecting the response a bit later,” Grigoryan said at press conference..jpg "Discussions on paying utility costs of needy clusters of population to be held: deputy PM")
09/04/2020 13:28Discussions on paying utility costs of needy clusters of population to be held: deputy PM“Our actions are aimed at revealing needy clusters and assisting them,” Grigoryan said..jpg "Prices of meat, butter, rice to go down: Armenia’s deputy PM")
09/04/2020 12:55Prices of meat, butter, rice to go down: Armenia’s deputy PM“It relates to a number of food and industrial products the price of which will go done by about 3%. In particular the prices of meat, butter, rice, vegetable oil, margarine, raw cigarette, fertilizers, number of medicine, and others will go down,” the deputy PM said..jpg "Armenia’s government has clear strategy to overcome the crisis: PM")
09/04/2020 12:09Armenia’s government has clear strategy to overcome the crisis: PM“All the grounds exist for continuing this process, but I want to stress that these decisions have been made without government’s administrative influence. I consider it very important to stress. The banking system is in very mild condition,” the Prime Minister said..jpg "U.S. assistance to Armenia in 2019 was up by 40%: report")
07/04/2020 12:16U.S. assistance to Armenia in 2019 was up by 40%: report“During the year the active dialogue with the USA on different levels has been preserved. On May 7 the first session of Armenian-U.S. strategic dialogue took place in Yerevan,” the report said..jpg "Defense sector expenses grew by 26% in 2019: report")
07/04/2020 11:58Defense sector expenses grew by 26% in 2019: reportAbout 5,7 billion AMD has been provided for the solution of apartment issues of retired servicemen. As a result 119 out of 1,141 stakeholders received apartments as of December 31, 2019..jpg "Armenia’s civil aviation sector faces issues, Armenian airlines deprived of right to fly to Europe: Pashinyan")
06/04/2020 21:57Armenia’s civil aviation sector faces issues, Armenian airlines deprived of right to fly to Europe: Pashinyan“It was hidden for many years by the aviation officials as well. It was hidden with corruption purposes from Tatevik Revazyan and the government,” Pashinyan said, adding that he has not been saddened with the fact..jpg "Armenian PM hopes to reach arrangement with Russian President over gas price")
06/04/2020 21:20Armenian PM hopes to reach arrangement with Russian President over gas priceToday I had a phone conversation with Russia’s President Vladimir Putin. We have discussed the issue of reduction of gas price. I have told him that taking into account the crisis situation, I expect to discuss the issue with him and reach arrangement..jpg "Armenia’s government to allocate $550,000 to the Institute of Molecular Biology for organizing production of coronavirus tests")
06/04/2020 19:57Armenia’s government to allocate $550,000 to the Institute of Molecular Biology for organizing production of coronavirus tests“Today we make about 400 tests daily, and have put an issue starting from this week, the latest from Friday test 1,000 people a day. This is why we are currently acquiring 70,000 tests,” Pashinyan said..jpg "Armenia’s PM, Russian President discuss gas supply issues")
06/04/2020 14:53Armenia’s PM, Russian President discuss gas supply issuesThe parties discussed issues related to natural gas supplies to Armenia. Information was exchanged on the steps taken to combat the COVID-19 pandemic. The two leaders noted that the situation is under control in both countries..jpg "Fitch Revises Outlook on Armenia to Negative; Affirms at 'BB-'")
06/04/2020 12:12Fitch Revises Outlook on Armenia to Negative; Affirms at 'BB-'The rating organization said the coronavirus shock negatively affects the Armenian economy due to its exposures to commodities (a majority of exports), the Russian economy (for remittances, trade and FDI) and to tourism, only partially offset by the benefit of a lower oil price. This is in the context of Armenia's relatively high net external debt and structural current account deficit, which is only partly financed by non-debt creating capital inflows..jpg "The World Bank allocates $3 million assistance to Armenia to fight against COVID-19")
03/04/2020 11:30The World Bank allocates $3 million assistance to Armenia to fight against COVID-19The funds will help to acquire 50 artificial lung ventilation devices costing 1,35$ million..jpg "EU to allocate 51 million Euros to Armenia to fight against coronavirus")
02/04/2020 20:08EU to allocate 51 million Euros to Armenia to fight against coronavirusThe EU will allocate 51 million Euros to Armenia to fight against coronavirus, the EU embassy reports.
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