ArmInfo. A substantial format  for resolving the issue related to gas prices is based on the  introduction of an excise tax on energy products. Chair of the  "LOGIKA" (NGO) Independent Research Center of Business, Economy and  Finance, a candidate of economic sciences, associate professor of YSU  and RAU Ara Karyan expressed a similar opinion at the June 3 press  conference.  At the same time, he noted due to the closure of  borders, labor migrants will not be able go to seasonal work, serious  problems should also be expected with the country's balance of  payments.  "Of course, the balance will more or less be maintained,  but its organization will change," the economist said. Karyan called  for a reconsideration of the decision to increase gas prices for  business entities, in which case negative consequences for the  Armenian economy cannot be avoided.  

ArmInfo.Dear customers, taking into consideration the pandemic situation, we strongly encourage and ask you to make use of IDBank's complete remote toolset.

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ArmInfo.The European Bank for Reconstruction and Development (EBRD) and the Asian Development Bank (ADB) will provide Electric Networks of Armenia CJSC with $ 25 million and $ 20 million credit resources respectively, the press  service of the electric networks reports.

ArmInfo. In the domestic market, there is a drop in wine consumption by 70 percent - from 10 million bottles to 3 million bottles. For a long time shops, restaurants,  cafes were closed. Regarding brandy, no special changes have occurred  - sales in Armenia have never been particularly high. Chairman of the  Union of Winemakers of Armenia Avag Harutyunyan expressed a similar  opinion to ArmInfo. 

ArmInfo. Transaction losses in  the acquisition of securities will be reduced in Armenia. The  National Assembly of Armenia at the sitting on June 3 in the first  reading adopted the amendments to the law "On Currency Regulation and  Currency Control" submitted by the NA lawmaker from the "My Step"  faction Artak Manukyan.

ArmInfo.Armswissbank successfully placed the third tranche of its AMD registered coupon bonds. As the press service of the bank told ArmInfo, the bonds of this issue  (AMSWISB2CER2) were placed at the Stock Exchange of Armenia as a  result of which the bonds with a nominal value of AMD 9,700 bln were  fully placed, demand exceeded supply by almost 14%.

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ArmInfo. Due to the pandemic, uncertainty in the real estate market persists.

ArmInfo.On June 4, the Public Services Regulatory Commission (PSRC) will hold regular discussions on the new gas tariffs proposed by Gazprom Armenia.