ArmInfo.The International Development Association (IDA, a credit organization belonging to the World Bank Group) has prolonged the earlier decision to cancel the  application of an additional interest rate (1.7% per annum) for a  number of loans provided to Armenia for another year.

ArmInfo.Acting Minister of Economy of Armenia Vahan Kerobyan called the forecast for the growth of Armenian GDP for 2021, voiced by acting Prime Minister Pashinyan  today, at the level of 6%, instead of 3.2% laid down in the law "On  the state budget for 2021", conservative.

ArmInfo. In the real estate market of Armenia, in May 2021, 4,476 transactions for the purchase and sale of real estate were made, which exceeds the indicator of a  year ago by 53%, but a decline of 1.2% was recorded for a month  alone. This is evidenced by the data of the State Committee of the  Real Estate Cadastre.

ArmInfo. On July 1, the Armenian government approved the final conclusion of a special comprehensive examination of design and estimate documentation for the construction  of a new bridge across the Debed River on the territory of the  Sadakhlo-Bagratashen checkpoint of the state border of the Republic  of Armenia.

ArmInfo. Carolin Geginat is the Country Manager of the World Bank (WB) for Armenia as of July 1, 2021. This is stated in the message of the WB.

ArmInfo.

ArmInfo.

ArmInfo. The United States Agency for International Development (USAID) will additionally provide Armenia with $ 8.2 million for the implementation of the program to  improve the quality of infrastructure services. The corresponding  draft decree of the RA President on introducing the 15th amendment to  the grant agreement "More competitive and diversified private  sector", concluded between the governments of the USA and Armenia,  was approved at the meeting of the RA Government on July 1.

ArmInfo.Armenia will provide financial assistance to Artsakh in the amount of about 8.8 billion drams. The corresponding decision was made on July 1 at the meeting  of the RA government.

ArmInfo.On July 1, the Armenian government made a decision to grant a customs privilege to the "Alex Textile" company, owned by businessman Samvel Aleksanyan. The decision was taken in an "non-negotiable" manner.

ArmInfo.The forecast for the growth of Armenian GDP for 2021 is being revised upward - from 3.2%, stipulated in the law "On the state budget for 2021", to 6%, the  acting Prime Minister of Armenia Nikol Pashinyan said on July 1  before a government meeting.

ArmInfo. The delegation headed by the head of the Department of Multilateral Policy and Development Cooperation of the RA Ministry of Foreign Affairs Arman Khachatrian took part in the online meeting of the Council of Foreign Ministers  of the Black Sea Economic Cooperation Organization (BSEC) member  states.

ArmInfo.

ArmInfo.

ArmInfo.Ardshinbank has attracted $20 million in loans from The Global Climate Partnership Fund (GCPF).  The funds raised will be used to increase credit investments in energy efficiency and renewable energy projects, mostly for solar panels financing. The sub-loans can be typically addressed to households, SMEs, large corporations as well as municipal entities.

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ArmInfo. The Central Bank of Armenia, in its updated forecast for 2021, predicts a state budget deficit at 4.4% of GDP, with a y-o-y decline of 1 percentage point.  According to the Central Bank, despite the high level of the state  budget deficit in 2021, compared to 2020 (when the fiscal policy was  significantly expansive), the impact from income will be expansive by  1 percentage point, and from spending - by 2.3 percentage points. 

ArmInfo.In the post-election period, economic activity in Armenia will intensify even more, which is conditioned by the resolution of the internal political crisis  through the formation of the authorities, which will now have to  implement the announced programs. Economist Vahagn Khachatryan  expressed this opinion to ArmInfo.

ArmInfo.Iran, having rich experience in the construction of high- tech centers around the world, offered Armenia to establish a similar center in Armenia,  where bilateral B2B meetings and discussions on the development of  the sector can be held.

ArmInfo. The legislative initiative of the Central Bank of Armenia to create a Centralized Register of Bank Accounts of Individuals was approved by the Parliament on June 30 in the second and final reading. "The initiative is not a  deviation from the norms of banking secrecy", - assured Deputy  Governr oof the Central Bank of Armenia Nerses Yeritsyan, presenting  the amendments to the law "On the Central Bank of the Republic of  Armenia".