ArmInfo.

ArmInfo.The Central Bank of Armenia, while remaining committed to a floating exchange rate policy, today has sufficiently high reserves and multilayer tools to  protect the foreign exchange market from any shocks. CBA Board member  Artur Stepanyan stated on March 20 during Armenian Unified  InfoCenter's  press conference , assuming that no shocks are expected  in the near future.

ArmInfo. The Eurasian Economic Commission has created a coordinating council to monitor the situation with the spread of coronavirus. This was reported by the  EEC press service.

ArmInfo. With the spread of coronavirus throughout the world, the promotion of law-abiding taxpayers in Armenia has not stopped. The press service of the State  Revenue Committee of the Republic of Armenia reported.

ArmInfo. Inflation in Armenia will remain low in the coming months. Deputy Chairman of the Central Bank of the Republic of Armenia Artur Stepanyan stated this on March  20 during a Armenian Unified InfoCenter's press conference.

ArmInfo. The Committee of State Revenues of Armenia (SRC) called on taxpayers to timely fulfill their tax obligations.

ArmInfo. Taking into account the fact that due to the situation around the spread of coronavirus /COVID-19/, some customers of "HSBC Bank Armenia" CJSC /hereafter the  Bank/may face issues in meeting the loan obligations stipulated in  their agreements, as well as with the purpose of assisting our  customers in overcoming their financial difficulties,

ArmInfo. The monopoly, oligarchic norm of brandy production from the past still existing in Armenia needs to be abolished. A similar opinion was expressed to ArmInfo  by  the Chairman of the National Wine Center Avag Harutyunyan.

ArmInfo.

ArmInfo.The Ministry of Territorial Administration and Infrastructure of the Republic of Armenia announced the second additional financing within the  framework of the World Bank-funded project to improve the M11 highway  network.

ArmInfo. Almost all essential goods and medical products of primary importance from third countries will be imported to the EAEU market at zero customs duty. This was  announced by the Minister of Economy of the Republic of Armenia  Tigran Khachatrian on March 19 during a press conference in the  Unified Information Center of the Republic of Armenia.

ArmInfo.Coronavirus will have a significant, but short-term impact on the Armenian economy. This opinion was expressed by Minister of Economy Tigran Khachatryan  during a press conference in the Unified InfoCenter of the Republic  of Armenia on March 19.

ArmInfo. Armenia imposes temporary restrictions on the export of a number of medical products. This is stated on the official page of the Armenian Unified  Infocenter on Facebook.  According to the report, the export of these  types of products may be authorized by the State Revenue Committee on  the basis of the written consent of the Ministry of Health of the  Republic of Armenia. The list of products can be found by clicking on  the following link: https://bit.ly/2QvhaXh

ArmInfo. In Armenia, prices for precious metals slowed down the decline over the week from 4.7% to 2.3%. Moreover, a downtrend is observed for all precious metals,  with the exception of gold, the price of which has turned upward from  the recession.

ArmInfo.

ArmInfo. The current revenue of Armenian tour operators over the past month is close to zero, both for inbound and outbound tourism. An expert on tourism of the Slice  Tours company told ArmInfo correspondent about this.

ArmInfo.Fitch Ratings has  affirmed ACBA-Credit Agricole Bank CJSC's (ACBA) and Ardshinbank  CJSC's (Ardshin) Long-Term Foreign- Currency Issuer Default Ratings  (IDRs) at 'B+' with Stable Outlooks.  The banks' IDRs and senior debt  ratings are driven by their intrinsic strength, as captured by their  'b+' Viability Ratings (VRs).

ArmInfo. The State Duma ratified the Protocol on amending the Agreement between the  Government of the Russian Federation and the Government of the  Republic of Armenia on cooperation in the supply of natural gas, oil  products and rough natural diamonds to Armenia dated December 2,  2013.

ArmInfo. On March 19, the RA Government approved the signing of an agreement with Germany on financial cooperation. It was proposed to Armenia back in 2018.  This  is stated in the reference justification of the draft decision of the  Government of Armenia.  According to the source, within the framework  of the agreement, the German government provides an opportunity for  the Armenian government to attract loans and financial assistance for  a number of programs of the German Development Bank KfW.

ArmInfo. The issue of new state duty rates on brandy produced in Armenia has been returned for revision to the interagency commission.  As the Minister of Economy  of the Republic of Armenia Tigran Khachatryan noted at a government  meeting on March 19, at present, when organizing the production of  brandy, the entities must pay an annual state duty of 10 million  drams.