Some 887 million drams (over $1.8 million) have been raised so far to support the Armenian government’s efforts to contain the spread of coronavirus Covid 19, the Ministry of Finance reported
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Archive for April, 2020
Some 887 million drams raised to support Armenian government‘s efforts to contain spread of coronavirus
Saturday, April 11th, 2020ACBA-CREDIT AGRICOLE Bank continues to finance SMEs and agriculture
Friday, April 10th, 2020The ACBA-CREDIT AGRICOLE BANK continues to operate in a special mode providing financial assistance to SMEs and the agricultural sector, as well as implementing a string of programs designed to help them boost their development, the bank’s press service reported today
Pashinyan calls for switching to settlements in national currencies within EEU
Friday, April 10th, 2020Armenian Prime Minister Nikol Pashinyan has again argued today in favor of shifting to settlements in national currencies within the Eurasian Economic Union (EEU)
IMF to consider initiative on increase IMF financial support for Armenia under stand-by agreement to $280 million
Friday, April 10th, 2020An International Monetary Fund (IMF) team led by Nathan Porter conducted discussions on the second review of Armenia’s reform program supported by the IMF Stand-By Arrangement (SBA) during March 12-April 8, 2020. At the conclusion of the mission, Mr. Porter issued the following statement:
Unibank extends loan repayment schedule
Thursday, April 9th, 2020Citing the coronavirus crisis and aiming to mitigate its consequences for its customers, Unibank said today it will extend the free loan repayment schedule until May 31, 2020. According to a bank’s press release, after that the following changes will be made in the loan repayment schedules
Armenian government is considering scenarios for increasing public debt
Thursday, April 9th, 2020The issue of increasing Armenia’s public debt is on the government’s agenda, however, the cabinet will consider attracting a new loan only if necessary, Deputy Prime Minister Mher Grigoryan stated at a press conference on Thursday
Armenian banks grant credit vacations for more than AMD 24.7 billion – Pashinyan
Thursday, April 9th, 2020Armenian banks have provided individuals and legal entities with “vacations” on loans totaling over 24.7 billion drams, Prime Minister Nikol Pashinyan said at a government meeting on Thursday
Amundi-ACBA Asset Management releases 30,0000 euros to pay tuition fees of students of French University of Armenia
Wednesday, April 8th, 2020Amundi-ACBA Asset Management will provide assistance to the students of the French University of Armenia, the press service of ACBA-CREDIT AGRICOLE BANK reported today
Entry of foreign citizens into Armenia through border checkpoints prohibited
Tuesday, April 7th, 2020The entry of foreign citizens into Armenia through border checkpoints is prohibited regardless of the country of arrival, the press service of the Armenian foreign ministry reported on Tuesday
Over AMD 2.3 billion earmarked in Armenia for lessening COVID 19 negative impacts
Tuesday, April 7th, 2020As part of the government’s nine programs to overcome the economic and social consequences of the coronavirus, Armenia has distributed 2.353 billion drams as of April 5, Armenian Prime Minister Nikol Pashinyan said on Tuesday
