ArmInfo.

ArmInfo.

ArmInfo. In the consumer market of Armenia in January-September 2020, a deflation of 1.4% was recorded, against deflationary 2.1% in the same period of 2019. This  was triggered by a decrease in prices for food products (including  alcohol and cigarettes) by 4.1% and non-food products by 0.3%, while  tariffs for services increased by 1.3%.

ArmInfo. By the end of 2020, the budget deficit of the Republic of Armenia will reach 459 billion drams, which is 7.4% of the RA GDP. A similar forecast was announced  on October 5 by the RA Minister of Finance Atom Janjukhazyan during  the sitting of the Standing Committee of the National Assembly of the  Republic of Armenia on Financial-Budgetary Issues.

ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo. Armenia has fully redeemed the debut issue of Eurobonds in the amount of $ 700 million,  the issue of which took place in September 2013 on the international  capital market. According to the RA Ministry of Finance, after the  redemption in 2015 and 2019 from this issue, respectively, $ 199.9  million and $ 402.4 million, bonds in the amount of $ 97.7 million  remained in circulation.

ArmInfo.

ArmInfo.

ArmInfo. Official sources of world leaders - the main partner countries of Armenia predict a decline in their GDP in 2020: in the USA - by 5.3%, in the Eurozone -  by 7.9%, in the Russian Federation - by 4.5%. These fresh economic  forecasts of the partner countries are cited by the Central Bank of  the Republic of Armenia in the Monetary Policy Program (MP) for the  third quarter, published on September 30, in which the forecast for  Armenia's GDP for 2020 was adjusted towards a larger decline - by  6.2% (against the previous 4% and an actual 7.6% growth in 2019), the  unemployment rate is expected to grow to 20.2% (from an actual 18.9%  in 2019), and inflation at the end of 2020 will be 2.5% (against the  target 4% +/- 1.5).

ArmInfo. The Central Bank of rmenia in the updated forecast for 2020 expects a higher state budget deficit - 5.7% of GDP (against the previously predicted 5%),  with an annual growth of 4.8 percentage points. As noted in the  Central Bank's Monetary Policy Program (MCP) for the third quarter of  this year, published on September 30, this level is expected in the  context of a worse forecast for a decline in GDP for 2020 to 6.2%  from the previous 4% (against the actual 7, 6% growth in 2019).

ArmInfo. Central Bank of Armenia revised the forecast for 2020 on foreign trade towards a larger decline, expecting an equably significant decline in volumes  of export and import by 29-32%. This is stated in the monetary policy  program of the Central Bank for Q3 of 2020 published on September 30,  in which the forecast for a decline in GDP in 2020 was worsened to  6.2% from the previously forecasted 4%.

ArmInfo. The Central Bank of  Armenia slightly improved its forecast for 2020 for a decline in the  inflow of private transfers to 19-22% from the previously expected  22- 25%. This is set out in the Central Bank's Monetary Policy  Program for the Q3 of 2020, published on August 30, where the  forecast for Armenia's GDP for 2020 was revised towards a larger  decline by 6.2%, against the previously predicted 4% decline. The  Central Bank causes a slight improvement in the outlook for  individual remittances by a significantly lower than expected decline  in their volume in the second quarter.

ArmInfo. According to the new  forecast of the Central Bank of Armenia, the unemployment rate in  2020 will increase to 20.2% (from the actual 18.9% in 2019). In 2021,  with a reduction in measures to eliminate the consequences on the  economy from the coronavirus pandemic, the unemployment rate will  rise to 21.2%. In the medium term, in parallel with the economic  recovery, this indicator will decrease annually by 0.5 percentage  points - to 20% (against the previously expected 19.6%). This  forecast is given in the Monetary Policy Program of the Central Bank  for the III quarter of 2020, published on September 30, where it was  noted that the forecast for GDP for 2020 deteriorated to a larger  decline of 6.2% from the previously expected 4%.

ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo.The holding of the EAEU Intergovernmental Council on October 9 in Yerevan remains in force, but the format is still being worked out. On September 28,   assistant to the chairman of the Board of the Eurasian Economic  Commission Iya Malkina announced this on her Facebook page.

ArmInfo.The Central Bank of Armenia provides bank details for donating funds to the All-Armenian Fund. Information about this is posted on the website of the Central  Bank of the RA.