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Upper benchmark for consumer loans for farmers to rise

09.11.2018 17:53

Upper benchmark for consumer loans for farmers to rise

YEREVAN, November 9. /ARKA/. At its regular meeting held Thursday, the Armenian government upheld amendments to the consumer lending law and a number of related laws.

Atom Janjughazyan, finance minister, said the amendments are aimed at amortizing possible risks for farmers who have to repay their loans taken from financial organizations.

“The loan portfolio of the economic entities operating in agriculture amounts to AMD 217 billion now, and risks in the area are mainly connected with insufficient financial awareness among villagers, and credit organizations can take advantage of this,” he said.

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Armenian government to consider farmers individually in easing their tax burden

08.11.2018 17:06

Armenian government to consider farmers individually in easing their tax burden

Gegham Gevorgyan, Armenian acting agriculture minister, said Wednesday presenting the 2019 draft government budget to parliamentary committees that the government should display personal approach in easing farmers’ tax burden

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Armenian government earmarks 1.2 billion drams as compensation for depreciated soviet time bank deposits

07.11.2018 18:51

Armenian government earmarks 1.2 billion drams as compensation for depreciated soviet time bank deposits

The draft budget of the Armenian government for 2019 has earmarked 1.2 billion drams to be paid as compensation for Soviet time depreciated bank deposits

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Government to encourage companies to enter IPO market

02.11.2018 16:19

Government to encourage companies to enter IPO market

The government will encourage companies to enter the IPO market, Armenia’s Acting Prime Minister Nikol Pashinyan told an extraordinary session of the parliament today

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Armenian government to cut rates on mortgage loans

03.09.2018 13:03

Armenian government to cut rates on mortgage loans

The Armenian government is preparing unprecedented mortgage rates for the social housing program, designed for young families, Armenian Prime Minister Nikol Pashinyan said during a live Facebook broadcast on late evening on September 2

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Armenian government and German KfW willing to expand cooperation

19.06.2018 16:16

Armenian government and German KfW willing to expand cooperation

Armenian Prime Minister Nikol Pashinyan received today a delegation headed by Olaf Zimelka, the regional director of the German Development Bank (KfW) for Central Asia and the South Caucasus

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In 2020 Armenia will need $973.5 million to service its foreign debt

29.05.2018 20:52

In 2020 Armenia will need $973.5 million to service its foreign debt

The amount of money that the government of Armenia earmarks annually to service its foreign debt is gradually increasing, and by 2020 it will reach the maximum of $973.5 million, the deputy head of the Audit Chamber Ara Nranyan told the parliament today

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Armenian president accepts government’s resignation

09.04.2018 16:47

Armenian president accepts government’s resignation

Armenia’s new president Armen Sarkissian who was sworn in on Monday in a special inauguration ceremony, accepted the resignation of the government

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IMF welcomes Armenian government’s intention to implement a comprehensive package of reforms

29.03.2018 16:30

IMF welcomes Armenian government’s intention to implement a comprehensive package of reforms

An International Monetary Fund (IMF) staff team led by Mr. Hossein Samiei visited Yerevan on March 14–28 to conduct initial discussions on a possible new IMF arrangement with Armenia, the press office of the IMF Mission in Armenia reported on Thursday

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Armenian government’s external debt grew by 14.3% in 2017 to about $5.5 billion

02.03.2018 18:19

Armenian government’s external debt grew by 14.3% in 2017 to about $5.5 billion

In Late December 2017 Armenia’s overall external public debt stood at $5.494.9 billion, an increase of 14.3% or $696.6 million from the previous year, according to the numbers, released by the National Statistical Service

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