Economy
2020-04-06 14:40:10 Former economy minister forecasts how long COVID 19 situation will last in Armenia and how many people will be infected
Former economy minister forecasts how long COVID 19 situation will last in Armenia and how many people will be infectedArmenia is currently in the stage of spreading a new type of coronavirus, but, unlike Russia, it is closer to the end of this stage, Armen Yeghiazaryan, Associate Professor of the Department of Economic Theory and Problems of Transition Economics of the Russian-Armenian University and Former Minister of Economy of Armenia, said in his article "Analysis and Forecast of the Spread of Coronavirus in the World as of April 2, 2020," posted on the university’s website. "As of April 3, the incidence rate in Armenia was 248 people per million people," he said
2020-04-06 13:15:51 Damage to Armenian economy from coronavirus to amount $ 1.53 billion, GDP to shrink more than 11% - former economy minister
Damage to Armenian economy from coronavirus to amount $ 1.53 billion, GDP to shrink more than 11% - former economy ministerThe damage to the Armenian economy from the coronavirus in the base scenario will amount to $ 1.53 billion (or 11.2% of the 2019 GDP), according to a study by Vahram Avanesyan, a former minister of economy of Armenia, published on the website of the Russian-Armenian University
2020-04-04 21:53:39 Fitch ratings projects that Armenia’s government debt may rise from 53.6% at end-2019 to 59.2% of GDP in 2020
Fitch ratings projects that Armenia’s  government debt may rise from 53.6% at end-2019 to 59.2% of GDP in 2020Armenia’s general government debt is projected to rise from 53.6% at end-2019 to 59.2% of GDP in 2020 before falling back to 56.0% in 2021, upward revisions of 9.4pp and 7.4pp, respectively, since our last review, and well above the current 'BB' median of 46.5%, Fitch Ratings said in a report
2020-04-03 16:45:05 Minister: Armenia to build up its government spending, possibly by increasing its public debt
Minister: Armenia to build up its government spending, possibly by increasing its public debtArmenia to build up its government spending, possibly by increasing the level of public debt, Economy Minister Tigran Khachatryan said Friday at the Single Information Center
2020-04-02 11:46:39 Over $ 1.62 million transferred to special account for combating COVID 19 in Armenia
Over $ 1.62 million transferred to special account for combating COVID 19 in ArmeniaAs of 18:00, April 1, the special account, opened to facilitate the fight against coronavirus in Armenia, has received 822.5 million drams (around USD 1.62 million), the press service of the Armenian government reports with the reference to the finance ministry’s figures
2020-04-01 14:13:02 $ 1.6 million received on special account for combating COVID 19 in Armenia
$ 1.6 million received on special account for combating COVID 19 in ArmeniaAs of 18:00, March 31, the special account, opened to facilitate the fight against coronavirus in Armenia, has received 3,051 payments totaling about 813.1 million drams (about $ 1.6 million), the press service of the Armenian government reports with the reference to the finance ministry’s figures