ArmInfo.

ArmInfo. The Central Bank ofArmenia (CBA) kept the refinancing rate at 5.5%, which has been in force since September last year. 

ArmInfo. The Ministry of Economy of the Republic of Armenia, with the assistance of the Investment Promotion Center within the framework of the World Bank's Trade Promotion and Quality Infrastructure program, announces a tender for grants for export- oriented sectors, including  agriculture, food processing and textile production.

ArmInfo. VTB Bank (Armenia) offers all students and parents of students to take advantage of the favorable Student loan, specially designed for educational purposes.

ArmInfo. Despite the incompleteness of the program, the Armenian Nuclear Power Plant is already making loan payments of $ 270 million, previously provided by  the Government of the Russian Federation to extend the life of the  Armenian NPP. On January 24, Mikayel Melkumyan, Chairof the Standing  Committee on Regional and Eurasian Integration, said this from the  rostrum of the National Assembly of the Republic of Armenia.

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ArmInfo. Unlike its predecessors, the current Armenian government does not have a  personal interest in negotiations with Gazprom. We have repeatedly  had the opportunity to make sure that the previous authorities had a  similar personal interest in pricing natural gas for our consumers. A  similar opinion was expressed by ArmInfo economist Vahagn  Khachatryan.  

ArmInfo.In 2021, the Starmus International Festival will be held in Armenia for the first time. The Minister of High-Tech Industry of the Republic of Armenia  Hakob Arshakyan stated this on January 24 from the rostrum of the  parliament.

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ArmInfo.It is planned that the Transparency Initiative will be extended to the sphere of  Armenian energy. At a meeting on January 24, the country's parliament  continued discussions on amendments to the law "On Energy".

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ArmInfo. In order to protect economic competition, a unified register of state assistance will be formed in Armenia. Amendments to the Law on the Protection of  Economic Competition in the second and final reading were approved at  a parliament meeting on January 24.

ArmInfo. The National Assembly of Armenia at the meeting on January 24 in the second and final reading amended the Tax Code.

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ArmInfo.The financial market of Armenia starts the year 2020 with the same confidence with which the previous one was completed. This was announced on January  23 by Prime Minister Nikol Pashinyan on his Facebook page.

ArmInfo.The amount of benefits to poor families from 30 thousand drams will be reduced to 28 thousand drams. This decision was unanimously adopted at a meeting  of the RA Government on January 23.

ArmInfo. Ardshinbank, rated Ba3/-/B+, sold its $300m five year bond from a book of over $450m through joint bookrunners Citi and Renaissance Capital. The deal was  sold at par with a coupon of 6.5%, according to the information  published on the website Global Capital.

ArmInfo.At a meeting on January 23, the Armenian government approved the Strategy and measures to increase the efficiency of the use of agricultural land.    As RA Minister of Economy Tigran Khachatryan noted in his speech,  within the framework of the Strategy, it is envisaged to carry out 8  activities, of which they will be implemented before the end of the  second quarter of 2020, and the rest within 2-3 years. It is  envisaged, in particular, to complete the process of mapping land of  agricultural importance, evaluate it, identify the amount of unused  land, offer farmers, depending on the region, to sow specific crops  on the used areas, conduct periodic monitoring of land use  efficiency. In this regard, it is also envisaged to create an  electronic platform on which all legal acts, including legislative  ones, will be placed. The proposed activities, as noted by the  Minister, will increase interest in this type of business, as well as  improve the quality of land use.