Economy
.jpg "Fitch Upgrades Armenia to 'BB-'; Outlook Stable")
23/11/2019 17:47Fitch Upgrades Armenia to 'BB-'; Outlook StableStatistical discrepancies and re-exports currently captured in net errors and omissions accounted for 3% of GDP in 2018. FDI is low, forecast at 2% of GDP in 2019, and financing 26% of the current account deficit, the remainder being filled by debt-creating flows. Net external debt accounts for a forecast 49% of GDP in 2019, almost three times the current 'BB' median. External liquidity is weaker than peers', with the international liquidity ratio projected at 102.5% at end-2019, below the 168% current peer median..jpg "Small fish released to Lake Sevan in framework of fish breeding and trout restoration program")
23/11/2019 11:57Small fish released to Lake Sevan in framework of fish breeding and trout restoration programThe minister informed that in the framework of the program on restoration of trout stores and fish breeding small fishes were released to the lake..jpg "World Bank approves new US $50 million loan for Armenia")
22/11/2019 12:45World Bank approves new US $50 million loan for ArmeniaThe operation supports the government’s actions to strengthen economic, fiscal, and public sector governance by: (i) improving pro-competition, pro-trade and streamlined quality regulations and processes (ii) enhancing efficiency of revenue mobilization and public investment; and (iii) strengthening anti-corruption initiatives and the performance of the justice sector and the civil service..jpg "Armenia hopes electricity tariff to remain unchanged")
20/11/2019 12:38Armenia hopes electricity tariff to remain unchanged“Currently we are discussing the terms of the stoppage of the Armenia’s Nuclear Power Plant in 2020. It is necessary to clarify how many days it will not work,” he said, adding that these calculations are the main factors influencing on the electricity tariffs as the work of the NPP ensures cheaper electricity..jpg "Gas price for Armenia to remain unchanged till spring: Armenia’s PM")
19/11/2019 18:10Gas price for Armenia to remain unchanged till spring: Armenia’s PM“I may state for sure that the gas price will not be raised till spring,” Pashinyan stated..jpg "Minimal salary to be raised up to 68,000 AMD: Armenia’s NA adopts the bill")
19/11/2019 10:54Minimal salary to be raised up to 68,000 AMD: Armenia’s NA adopts the billThe bill was backed by 100 lawmakers..jpg "Consumers International recognizes Grand Candy best Armenian company in production of candies and ice-cream")
15/11/2019 17:36Consumers International recognizes Grand Candy best Armenian company in production of candies and ice-creamIn the candy production sector the National Brand and Leader in Consuming award was granted to Grand Candy company..jpg "Ryanair plans to launch three new flight directions from Armenia")
14/11/2019 13:11Ryanair plans to launch three new flight directions from Armenia“It is very good, if all what you say becomes a reality it will be a revolution in the air transportation sector,” Armenia’s PM said..jpg "IBRD to provide 45,8 million euro loan to Armenia")
14/11/2019 11:42IBRD to provide 45,8 million euro loan to ArmeniaArmenia’s government approved at the cabinet sitting today the proposal to sign loan agreement with the International Bank for Reconstruction and Development..jpg "Armenian, Russian finance ministries continue negotiations over prolonging loan repayment term for two years")
12/11/2019 15:44Armenian, Russian finance ministries continue negotiations over prolonging loan repayment term for two yearsArmenian and Russian finance ministries are still discussing the draft protocol on provision of loan to Armenia for prolonging the term of exploitation of the Armenian Nuclear Power Plant, the response of the ministry to Aysor.am’s inquiry says..jpg "Artsvanik tailing dump exploitation to end in 5 years (video)")
12/11/2019 13:23Artsvanik tailing dump exploitation to end in 5 years (video)“While making the strategic analysis of this structure we see that it is very far from us which makes the re-use of water more complicated, besides it is in a settlement. In future we are not planning to have a tailing dump far from our mine and even outside of it,” the CEO said..jpg "By the end of 2019 number of imported cars to Armenia to reach 185 thousand: Prosperous Armenia lawmaker")
12/11/2019 11:19By the end of 2019 number of imported cars to Armenia to reach 185 thousand: Prosperous Armenia lawmakerLawmaker Gevorg Papoyan, who is also member of the Economic Affairs Standing Committee, stated that the proposal has been rejected at the committee due to containing serious risks in it..jpg "Russia positively assesses Armenia’s presidency in EAEU: Lavrov")
11/11/2019 14:03Russia positively assesses Armenia’s presidency in EAEU: Lavrov“Russia positively assesses Armenia’s presidency in the EAEU, including its efforts addressed toward the expansion of foreign ties,” Lavrov said..jpg "Russia is Armenia’s number one economic partner: Armenia’s FM")
11/11/2019 13:44Russia is Armenia’s number one economic partner: Armenia’s FMMnatsakanyan said that during the meeting with his Russian counterpart they attached significance to the cooperation in the sidelines of the EAEU, CSTO and CIS..jpg "Armenian-Russian relations receive new dynamics after change of power in Armenia: Nikol Pashinyan")
11/11/2019 11:34Armenian-Russian relations receive new dynamics after change of power in Armenia: Nikol Pashinyan“Since my election in the post of the prime minister a new dynamics appeared in our relations. Recently we have reached arrangement over my official visit to Russia next year to be followed by the official visit of the Russian president to Armenia,” Pashinyan said.
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