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    April 2020
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  • Archive for April, 2020

    Armenia’s banks and credit organizations grant credit vacations to 470,000 individuals and 14,600 legal entities

    Wednesday, April 29th, 2020

    As of April 27, banks and credit organizations of Armenia together have granted credit vacations or otherwise revised 758,325 loans of 470,000 individuals worth 26.5 billion drams, as well as 16,356 loans of 14,6 00 legal entities in the amount of 48.3 billion drams, the press service of the Union of Banks of Armenia reports

    Armenian central bank cuts refinancing rate by 0.25% to 5%

    Tuesday, April 28th, 2020

    Armenia’s Central Bank said today it has cut the refinancing rate by 0.25 percentage points setting it at 5%. It said also the inflation in March 2020 was 0.5%, up from 0.1% inflation reported for the same month last year. As a result, the 12-month deflation declined to 0.1%.

    Armenian government may place another issue of Eurobonds

    Tuesday, April 28th, 2020

    The government of Armenia is considering a new issue of Eurobonds, possibly even in the national currency dram, Finance Minister Atom Janjughazyan said at an extraordinary parliamentary meeting today, convened to revise downward the budget indicators

    Armenia to increase its debt burden by 260 billion drams amid COVID-19

    Tuesday, April 28th, 2020

    Armenia will increase its debt burden by 260 billion drams amid COVID-19, the budget deficit in 2020 may amount to 324 billion drams, Finance Minister Atom Janjughazyan said at an extraordinary parliamentary meeting convened Tuesday to revise budget indicators

    Armenian government extends deadline for agriculture insurance by one month

    Monday, April 27th, 2020

    The Armenian government has extended the deadline for farmers to conclude agricultural insurance contracts by one month until May 15, Anna Ohanyan, spokeswoman for the Ministry of Economy, wrote in a Facebook post.

    First mortgage company makes another issue of coupon bonds

    Friday, April 24th, 2020

    The Armenian universal credit organization First Mortgage Company said it has made another issue of AMD and USD-denominated coupon bonds secured by mortgage loans

    Armenian banks and credit organizations provide individuals and legal entities with "loan holidays" worth 61.8 billion drams

    Thursday, April 23rd, 2020

    Armenian banks and credit organizations have provided individuals and legal entities with “loan holidays” worth 61.8 billion drams, Prime Minister Nikol Pashinyan wrote in a Facebook posting on Thursday

    Armenian banks paid 12.5 billion drams in taxes in quarter one 2020

    Wednesday, April 22nd, 2020

    The list of 1000 largest corporate taxpayers in Armenia for the first quarter of 2020 includes all 17 commercial banks operating in the country, which paid more than 12.509 billion drams in various taxes as opposed to 11.8 billion drams they had paid for the same period in 2019, the State Revenue Committee (SRC) said

    Armenian central bank buys $25 million at forex market

    Wednesday, April 22nd, 2020

    Armenian Prime Minister Nikol Pashinyan reported yesterday night on his Facebook page that the Central Bank of Armenia has bought USD 25 million in the foreign exchange market over the past two days

    Silver coins dedicated to Gevorg Chavush and 75th anniversary of Great Victory issued in Armenia

    Tuesday, April 21st, 2020

    The Central Bank of Armenia has issued “Gevorg Chavush” and “The 75th Anniversary of the Victory in the Great Patriotic War” silver collection coins, the regulator’s press service reports