ArmInfo.

ArmInfo.Ardshinbank customers have the opportunity to go on "Credit vacation" when refinancing a loan in Armenian Drams secured with real estate. By transferring the real estate loan to Ardshinbank, the customer will have the opportunity to use "Credit Vacation", which means 0% interest rate and free service during the first 6 months.

ArmInfo.Converse Bank has been announced the “Best Trade Finance Provider 2020 in Armenia” by the prestigous Global Finance Magazine at the 13^th BAFT Global Annual Meeting in London.

ArmInfo.

ArmInfo.On February 18, RA Prime Minister Nikol Pashinyan held a consultation during which the Concept of Tax Reform in the Republic of Armenia was discussed.

ArmInfo. From 2012 to 2018, the state debt of Armenia increased by 342%. On February 18, Head of the Methodology, Analysis and International Relations Department of  the Audit Chamber of the Republic of Armenia Karen Arustamyan  announced this to the RA National Assembly Standing Committee on  Financial-Credit and Budgetary Affairs. 

ArmInfo. Armenian Motor Insurers' Bureau  continues to automate CTPL processes, this time introducing the ASWA mobile application for processing insured events  using the Euro protocol. This was reported by the press service of  the Armenian Motor Insurers' Bureau.

ArmInfo. The Ministry of Finance of Armenia is not going to defend itself in connection with the published results of the audit of public debt. On February 18,  head of the department Atom Janjughazyan stated this at a meeting on   the Standing Committee on Financial-Credit and Budgetary Affairs of  the National Assembly of the Republic of Armenia.

ArmInfo. Within export, tobacco products produced in Armenia took the second place after products of the mining industry. This is evidenced by the data of the  Center for Economic Development Initiatives, which conducted an  analysis of the production of tobacco products in 2018-2019.

ArmInfo. "ArmInfo" Information Company issued the 60th anniversary quarterly information and analytical bulletin "Ranking of Armenian Insurance Companies".

ArmInfo.The Ministry of Economy of the Republic of Armenia, in cooperation with the Center for Investment Promotion Fund, launched the subprogram "Grants for  the Development of Exporters" within the framework of the World  Bank-funded Trade Facilitation and Infrastructure Quality Program.

ArmInfo. The international FINTECH 360 conference will be held in Yerevan on April 28-30. The conference will be held with the support of the Central Bank of Armenia,  Unistream international money transfer system. At Fintech360, the  leaders of banks, money transfer systems, payment systems, IT  companies, startups and government officials will discuss how the use  of the latest technologies will help in the development and promotion  of the business.

ArmInfo.As part of his visit to Moscow, Armenian High Commissioner for Diaspora Zare  Sinanyan met with members of the Cilicia Business Club. The  Ambassador Extraordinary and Plenipotentiary of Armenia to Russia  Vardan Toganyan was also present at the meeting, the office of the  High Commissioner reports.

ArmInfo.Deputy Minister of Economy of Armenia Varos Simonyan received the head of the Yerevan office of the European Bank for Reconstruction and Development (EBRD)  Dmitry Gvindadze.

ArmInfo. International Energy Corporation (IEC) CJSC, which operates the Sevan-Hrazdan cascade of hydroelectric power stations in Armenia, intends to pledge  its shares and property in HSBC and / or in the Eurasian Development  Bank. The opportunity to pledge shares and property of the company  will be the subject of discussion at the RA Public Services  Regulatory Commission (PSRC) on February 19.

ArmInfo.The European Bank for Reconstruction  and Development (EBRD) announced the so-called allocation of Armenia  a sovereign loan of 25 million euros to create a municipal transport  company in Yerevan.

ArmInfo.

ArmInfo.Converse Bank has launched corporate and SME financing project within the framework of ConverseGreen loan. It is designated to small, medium and large entrepreneurs, individuals and entities carrying out activities in the agricultural sector and development/construction organizations.

ArmInfo. Agricultural risk insurance program in Armenia will be expanded. This was announced at a press conference in Yerevan on February 17 by head of the   Department of Agricultural Programs Elaboration, Resource Use and  Cooperative Development of the RA Ministry of Economy Ira Panosyan.

ArmInfo. The budget deficit of Armenia in January-December 2019 amounted to 63.9 billion drams ($ 133.1 million), decreasing by 39.3% year on year, against the 60.5%  decline in 2018. According to the RA Statistical Committee, the  budget revenues of Armenia accelerated the y-o-y growth rate from  8.4% to 16.3%, while expenditures unfolded from a 3.8% decline to a  12.2% increase, amounting to 1,559.1 billion and 1,623.1, billion  drams respectively.