ArmInfo.The process of lending to agriculture in Armenia has already begun. The Prime Minister of the Republic of Armenia Nikol Pashinyan announced this live on his  Facebook page.  In this regard, he noted that banks started lending  to farmers.

ArmInfo. Like before the coronavirus pandemic, now the priority task of the Armenian  government is to develop the economy, including through the  industrial sector. On April 6, Prime Minister of Armenia Nikol  Pashinyan stated this during online questions and answers.

ArmInfo. In 2019, the unemployment rate in Armenia decreased by 1.6%. So, according to the results of 2019, the average annual unemployment rate in the RA was  17.9%, compared to 20.5% in 2018 and 20.8% at the end of 2017. 

ArmInfo. In Armenia, the state debt grew by 6% per annum by March 2020 - up to $ 7.4 billion (3.5 trillion drams). In its structure, y-o-y growth of both external debt  - by 4% to $ 5.7 billion (2.7 trillion drams) and internal - by 14.1%  - to $ 1.6 billion (773.3 billion drams) was recorded. This is  evidenced by the preliminary data of the RA Ministry of Finance,  published in the monthly report of the Statistical Committee.

ArmInfo.The process of implementing capital programs will continue to be in the focus of attention of the Prime Minister. This was announced during a meeting  in the Government of the Republic of Armenia chaired by Nikol  Pashinyan, during which the participants discussed issues related to  capital programs planned for the current year in the field of water  supply and credit programs attracted years earlier.

ArmInfo.Passenger traffic in Armenia in January-February 2020 decreased by 1.8% - to 28726.1 thousand people, against a decline of 0.9% a year earlier. This is  evidenced by the data of the RA Statistical Committee. Moreover, the  deepest decline is observed in terms of air transportation - by 20.1%  to 472 thousand people. Road transport decreased by 2.8% to 24,338.2  thousand people.

ArmInfo.Fitch Ratings has revised the Outlook on Armenia's Long-Term Issuer Default Ratings (IDR) to Negative from Stable and affirmed the IDRs at 'BB-'. It has also  revised the forecast for Armenia's GDP growth for 2020 towards a  slowdown to 0.5%. This is stated in the rating actions commentary  published on the Fitch website.

ArmInfo. Revenue of Armenia's communication sector in January- February 2020, amounted to 23.2 billion drams ($ 48.5 million), and the y-o-y growth slowed from  2.5% to 0.5%. According to the RA Statistical Committee, the lion's  share of the total revenue was provided by the telecommunications  sector - 90% or 20.9 billion drams, which was reduced by 0.6%  (compared to a 1.5% decline last year).

ArmInfo.An increase in domestic gas tariffs in Armenia will lead to a drop in consumption and, accordingly, Gazprom Armenia CJSC will not bring any financial  dividends. A similar opinion was expressed by ArmInfo Vice-Chairman  of the Armenian National Congress Aram Manukyan.

ArmInfo. In Armenia, economic activity in January-February 2020 increased by 8.7% compared to the same period in 2019, compared to last year's 6.5% growth. According  to the final data of the RA Statcommittee, the annual growth was  provoked to a greater extent by the industrial sector and the energy  complex.

ArmInfo. Prosperous Armenia faction member Naira Zohrabyan is in search of a director on the eve of the lost license of Varks AM credit company. The deputy wrote  about this on her Facebook page. "I ask those who find him to inform  me," she wrote.  

ArmInfo. The General Directorate of Civil Aviation (GUGA) of Armenia denies information about the deprivation of its license.

ArmInfo.Chaired by Prime Minister Nikola Pashinyan the day before the government held a meeting in which the heads of departments representing the economic  bloc of the government and specialists of the Central Bank took part.

ArmInfo.The Asian Development Bank (ADB) forecasts for Armenia an increase in 2020 of the current account deficit to GDP to 8.6%, with a slight decrease in 2021 to  8.2%. This forecast was published on April 3 in the ADB economic  report, Asian Development Outlook 2020.

ArmInfo.According to the forecast of the Asian Development Bank (ADB) in Armenia, a slowdown in foreign trade turnover is expected in 2020, with a slight  acceleration in 2021. In particular, export growth will slow sharply  to 2.5% in 2020, with an acceleration to 7.5% in 2021, while import  growth will slow to 7.5% in 2020 with the continuation of this trend  and to 6.5 in 2021 % This forecast was published on April 3 in the  ADB economic report, Asian Development Outlook 2020.

ArmInfo.The Armenian government will continue to develop anti-crisis measures aimed at overcoming the consequences of the coronavirus. This was announced on  April 4 at a meeting on the implementation of capital expenditures,  said Prime Minister Nikol Pashinyan.

ArmInfo.

ArmInfo.According to the forecast of the Asian Development Bank (ADB), inflation in Armenia in 2020 will be 2.8% (versus 1.4% in 2019), and in 2021 - 2.2%. This  forecast was published on April 3 in the ADB economic report, Asian  Development Outlook 2020.

ArmInfo. Deputy Prime Minister and Commandant of the State of Emergency Tigran Avinyan made a new decision on temporary restrictions on the export and import of  certain items of goods.

ArmInfo.Amid the impact of COVID-19 and lower consumption, economic growth in Armenia will slow down to 2.2% in 2020, analysts at the Asian Development Bank (ADB) say.