ArmInfo. Deputy Minister of High-Tech Industry of the Republic of Armenia Victoria Poghosyan and Secretary General of the Ministry Narek Melkumyan held a meeting with Austrian IT specialist Meghrik Aytian and Austrian ballistics engineer Raffi Gyurdjian, who started their work at the RA Ministry of  High-Tech Industry within the iGorts program.

ArmInfo.

ArmInfo. In January-July 2020, the viability ratio, that is, the ratio of births to deaths, amounted to 114.0% compared to 122.7% in the same period last year, the RA Statistical Committee reports.

ArmInfo.The emergence and strengthening of the Azerbaijani state-owned company Azerenergy on the Iranian electricity market is fraught with certain risks for Armenia. The President of the Institute for Energy Security, Doctor  of Political Sciences Vahe Davtyan expressed a similar opinion to  ArmInfo.

ArmInfo. The Eurasian Development Bank (EDB) has introduced a new instrument to reduce the interest rate on investment projects at the expense of the bank's technical assistance fund, Chairman of the Board of the EDB Nikolay  Podguzov told RIA Novosti.

ArmInfo. In Armenia, the threshold for the maximum amount of guaranteed deposits of individuals in the country's commercial banks will be raised.

ArmInfo.The deficit of the state budget of Armenia in January- July 2020 amounted to 104.9 billion drams ($ 216.1 million), of which 53.4% or $ 115.3 million fell on July.

ArmInfo.European Bank for Reconstruction and Development to provide Armenia with a 10.6 million euro loan for the modernization of the Meghri checkpoint on the Armenian-Iranian border.

ArmInfo. Armenia may become the fourth country to join the "Agreement on the exchange of information, including confidential information, in the financial  sphere in order to create conditions in financial markets to ensure  free movement of capital." Today the parties to the Agreement are  Russia, Belarus and Kazakhstan.

ArmInfo. The government of the Federal Republic of Germany will provide loans for grants to Armenia in the amount of 88.2 million euros. The Parliamentary  Commission on Financial-Credit and Budgetary Issues at the meeting on  September 8 issued a positive conclusion on the Armenian-German  agreement on financial cooperation.

ArmInfo.International fast money transfer systems allow you to receive and send transfers to different countries of the world in a simple, quick manner, without the need to have a bank account. The clients of Ardshinbank can receive money sent through fast money transfer systems without visiting the bank: the money will be directly transferred to their card or current account.

ArmInfo.Foreign alcohol producers may face difficulties due to the new Russian law on winemaking. It obliges, in particular, to indicate on the label the  place of origin and the vintage of the grapes. The supply of some  foreign wines and brandies may be under threat.

ArmInfo.In January-July 2020, Armenia generated 4,448.4 million kWh. electricity, which is 3.4% higher than a year ago (against a decline of 5% a year earlier).  According to the data of the Statistical Committee of the Republic of  Armenia, in July alone, electricity generation increased by 16.2% -  to 646.3 million kWh.

ArmInfo. The volume of industrial production in Armenia in January-July 2020 against the same period of 2019 increased by 1.3% (against 8.4% growth a year  earlier), amounting to 1.1 trillion. drams ($ 2.2 billion). According  to the data of the Statistical Committee of the Republic of Armenia,  the slowdown in growth is due to the subsidence of the manufacturing  industry volumes while the dynamics of the mining industry improves.

ArmInfo.In Armenia, the production of aluminum foil in January-July 2020 compared to the same period in 2019 showed high growth rates - by 13.1% to 20,505 tons, against 3.5% decline a year earlier. This is evidenced by the data of  the RA Statistical Committee.  According to statistics, in July  alone, the production of aluminum foil increased by 4.7%, amounting  to 3,062 tons.

ArmInfo. Armenia's foreign debt to Russia decreased in the first half of 2020 by 5.3% - to $ 378 million, but the debt increased by 20% on an annualized basis.  In the first half of the year, the external debt to Germany (KfW) was  also reduced by 2% to $ 373 million, to Japan (JICA) - by 0.5% to $  224.3 million, to the United States - by 7% to $ 15.5 million, and  the debt to France, on the contrary, it grew by 8.5% - up to $ 137.9  million. This is evidenced by the data of the RA Statistical Committee.

ArmInfo. Within the framework of the program for the modernization of irrigation systems in Armenia, the works on construction of gravity irrigation systems  in Tsitsernakaberd and Artashat have been completed. The press  service of the RA Ministry of Territorial Administration and  Infrastructures reported.

ArmInfo. In the first half of 2020, sugar was imported to Armenia mainly from Russia, while Brazil was traditionally the supplier of sugar to the Armenian  market.  Thus, according to the RA Customs Service, a total of 21.3  thousand tons of sugar were supplied to Armenia during the reporting  period with a y-o-y decline of 35% (against a 10.9% decline a year  earlier).  At the same time, the customs value decreased by 41.1%,  amounting to about $ 7 million.

ArmInfo. In Armenia, economic activity in January-July 2020 decreased by 5.7%, and the only sectors that kept growing were the industrial sector and the energy complex. 

ArmInfo.Beeline has announced completion of another stage of the modernization of 4G mobile network. According to the press service of the company, in order to increase internet connection speed, Beeline modernized the entire 4G network in Yerevan at the city's 29 stations. Previously,  the network had technical capacity of 187MB/s, and now the network  complies with the Gigabit LTE standard and has capacity of 489MB/s.