ArmInfo. CBA Board Member, Martin Galstyan  may  may become the new head of the Central Bank. As the ruling  parliamentary faction "My Step" told ArmInfo, the faction proposed  Martin Galstyan to be the new head of the Bank.

ArmInfo. The South Caucasus Railway Company continues to provide the Armenian economy with stabile railway services. In the I quarter of this year, the company  transported 708 thousand tons of cargo in local and external traffic,  which is 8.6% more than the corresponding figure in 2019, the  company's press service said.

ArmInfo.“Stay home, make non-contact payments and transfers”, say Idram and IDBank and introduce to the market a complete and unique toolset in the field of personal finance management, that sets a new benchmark in the financial market. With the slogan Wallet and banking, the joint digital platform of the two companies offers a set of services, which means you can make all your daily financial transactions without leaving home, which is especially important in the present situation.

ArmInfo.Having overstepped the psychological mark  of 500 drams, the US dollar exchange rate in Armenia fully complies  with current market realities, thereby adequately responding to both  internal and external corrective factors, market participants  surveyed by ArmInfo say.

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ArmInfo. The hotel business continues to incur losses due to the spread of the COVID-19 coronavirus. According to the Chairman of the Tourism Committee of  the Republic of Armenia Susanna Safaryan at a March 30 press  conference, many hotels in Armenia are almost mothballed due to the  lack of tourists.

ArmInfo.The situation with coronavirus has undermined the tourism sector of Armenia. According to the chairman of the Committee on Tourism of Armenia Susanna  Safaryan at a March 30 press conference, in the first three months of  this year, Armenia lost about 175 thousand tourists compared to the  same period last year. Losses of the tourist field have not yet been  calculated, however, according to Safaryan, it is worth considering  that each tourist spends $ 770 on average in Armenia. Thus, this  figure may exceed $ 134 million.

ArmInfo. As part of the global response to the coronavirus outbreak, the European Commission stands by Eastern partner countries and has reallocated 140 million  EUR for the most immediate needs in Armenia, Azerbaijan, Belarus,  Georgia, the Republic of Moldova, and Ukraine. In addition, the  Commission will also redirect the use of existing instruments worth  up to 700 million EUR to help mitigate the socio-economic impact of  the coronavirus crisis, the official website of  the Organization  informs.  

ArmInfo.During an extraordinary meeting on March 30, the Government of the Republic of Armenia unanimously adopted the 8th package of anti-crisis measures  to support employees and individual entrepreneurs of the most  vulnerable areas of economic activity in the context of the  coronavirus epidemic.

ArmInfo. Joint-stock companies, commercial banks and insurance companies will be able to conduct a general meeting of shareholders remotely. The RA National  Assembly at an extraordinary meeting on March 30 discusses amendments  to the laws "On Joint Stock Companies", "On Banks and Banking  Activities" and "On Insurance and Insurance Activities".

ArmInfo.In Armenia, third party liability insurance contracts concluded online are continuing to grow rapidly.

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ArmInfo.The Prosperous Armenia Party held an extraordinary meeting on March 29, during which it was decided to submit to the government 7 anti-crisis proposals to  stabilize the situation in the country.

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ArmInfo. The Government of Armenia presented the second package of measures to neutralize the economic consequences of the pandemic of the coronavirus (COVID-19).

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ArmInfo.The Asian Development Bank (ADB) is considering the possibility of assisting Armenia in the conditions of the COVID-19 crisis. This became known during the meeting between the Prime Minister of the Republic of Armenia Nikol  Pashinyan and the Head of the ADB Armenian Office Paolo Spantigati.  This was reported by the press service of the government.

ArmInfo.Starting today, Ardshinbank, together with the SAS supermarket chain, will provide food for more than 870 pensioners aged 76 years and older. Also, Ardshinbank will provide financial assistance to more than 2,400 retirement age clients in all regions of the country.