ArmInfo.

ArmInfo.

ArmInfo.Fitch Ratings confirmed the long-term default rating of the Emitent (EDR) of Armenia in foreign currency at the level of "B +" with a stable forecast. This  is stated in the message posts on the site.

ArmInfo. In the near future, harsh fluctuations are not expected, but if the recovery of the economy will require a longer time, then a small increase in the exchange  rate and profitability of securities is possible. Such a forecast in  an interview with Arminfo gave the General Director of the company  "Capital Asset Management" Alik Arakelian, noting that, nevertheless,  this growth will be manageable.  

ArmInfo.In 2020, 580 subvention programs worth 26.2 billion drams were implemented in Armenia, Minister of Territorial Administration of the country Suren Papikyan said at a government meeting. He informed the head and members of the  government that from this amount the share of state budget accounted  for 14.3 billion drams.

ArmInfo. In 2020, the Armenian economy sagged significantly due to the military conflict in Karabakh, as a result, the pace of recovery will not be very fast. 

ArmInfo.

ArmInfo.The EU launches a new program aimed at developing social entrepreneurship for the Eastern Partnership countries and Russia. This is stated in the official  statement of the Armenian office of the EU.

ArmInfo. The Minister of Economy of Armenia Vaan Kerobyan awaits the growth of the tourist sphere for the year by 300%. He stated this in a conversation with journalists.

ArmInfo.Armenia and Iraq are considering cooperation opportunities in the field of  military-industrial complex and high technology. This was aware of  this on the basis of the meeting of the Minister of High-tech  Industry of Armenia Achopa Arshakyan and Iraqi  Minister of Defense  Jumaa Anad Saadoun.

ArmInfo.Fotowatio Renewable Ventures (FRV), part  of Abdul Latif Jameel and a leading global developer of renewable  energy projects, has closed the financing agreement for the  development of the largest utility-scale solar power plant in  Armenia.

ArmInfo. The third meeting of the Armenia-EU Partnership Committee in Trade Configuration  took place online today.

ArmInfo. The Armenian economy has almost recovered. The Minister of Economy of the Republic of Armenia Vahan Kerobyan expressed a similar opinion on his Facebook  page.

ArmInfo.

ArmInfo.The Armenian government has simplified the procedure for companies' participation in the public procurement process. A similar decision was made at a  cabinet meeting on March 25.

ArmInfo. In Armenia, economic activity in January-February 2021 against January-February 2020 decreased by 6.7%, in February 2021 against February 2020 - by 5.3%,  and only in February increased by 12.4%, against last year's growth  in January -February by 8.7% per annum, the same growth in February  2020 to February 2019, and February growth by 9.2%.

ArmInfo.In the next 5 years in Armenia there will be a need for at least 20 thousand specialists in the field of high technologies. Minister of High-Tech Industry  Hakob Arshakyan wrote about this on his Facebook page.

ArmInfo.For the eighth year running, AraratBank has been honored with STP Quality Award by Austria-based Raiffeisen Bank International AG.

ArmInfo.Ameriabank was named “The Best Bank in Armenia 2021” by Global Finance during its 28th annual awards for the World’s Best Banks. The Bank was awarded in recognition of its achievements, innovative approaches and solutions.

ArmInfo. VTB Bank (Armenia) and Motor Show Kia Motors jointly launch a new car loan program, offering customers a wide selection of KIA cars on unprecedentedly favorable conditions. ArmInfo reported this in the press service of the bank.