ArmInfo.

ArmInfo.The Executive Board of the International Monetary Fund (IMF) completed the third review of the Republic of Armenia's performance under the program supported  by the Stand-By Arrangement (SBA). As the statement spread by the  Central Bank on December 14 indicates, within the program Armenia  will receive SDR 25.714 million (about US$37 million), bringing total  disbursements to SDR 231.657 million (about US$ 315 million).

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ArmInfo. Our state is  credit-oriented; over the past 8 years, the economy has been growing  due to loans from commercial banks. Director of the Banking  Management School Ashot Osipyan announced this during a zoom  conference organized by the Club of Economic Journalists on December  9.

ArmInfo.

ArmInfo. Ameriabank launched  the Ameriastream money transfer system - instant and convenient money  transfer from anywhere in the world. The press service of the bank  told ArmInfo.

ArmInfo. The state should  help stabilize the real estate market.  The founder of the Banking  Management School Ashot Osipyan told about this on December 9 during  a zoom conference organized by the Economic Journalists Club.

ArmInfo.

ArmInfo. The portfolio of non performing loans of the Armenian banking system (NPL) may slightly increase in connection with the latest events of the current  year, but this should cause concern. A similar opinion was announced  by the founder of the Banking Management School Ashot Osipyan during  a zoom conference organized by the Economic Journalists Club on  December 9.

ArmInfo.In the conditions of martial law and the current situation, it is difficult to predict the volume of possible investments, including foreign direct  investment. On October 9 in the parliament of the country during the  presentation of the final version of the draft state budget of  Armenia for 2021, answering the question of the deputy of the  National Assembly Sergey Bagratyan, RA Minister of Finance Atom  Janjughazyan stated.

ArmInfo.The Hayastan All-Armenian Fund will transfer $ 1.1 million from the amount  transferred within the framework of the fundraising campaign "We and  Our Borders" to the Military Insurance Fund. The press service of the  Hayastan All-Armenian Fund reports.

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ArmInfo.The Ombudsman of Armenia appealed to the Constitutional Court in view of the fact that the Tax Code does not provide for a flexible mechanism for imposing  fines for violation of the rules for the use of cash registers (CMC),  but establishes fixed amounts of fines without taking into account  the circumstances of a particular offense. The Human Rights Defender  announced this on his Facebook page.

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ArmInfo.The client base of banks in Armenia totaled 3,107,946 individuals and 105,125 legal entities by October 2020.

ArmInfo. The trade sector of Armenia in January-October 2020 showed a decline of 12.5% (against 8.9% growth a year earlier), providing a turnover of 2.3 trillion.  drams ($ 4.7 billion). And only in October 2020, the trade turnover  in Armenia decreased by 13.4% (against a 1.7% decline in the previous  year), amounting to 234.3 billion drams ($ 476.4 million).