YEREVAN, December 23, /ARKA/. The Armenian government has given permission today to ratify a loan agreement with the European Bank for Reconstruction and Development (EBRD).

Earlier, EBRD said it was extending a €20 million sovereign loan to Armenia for the benefit of the Yerevan Bus Company to acquire new compressed natural gas buses.

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The deficit of the Armenian government’s 2022 budget is projected at 3.1% of GDP or 243 billion drams, Finance Minister Tigran Khachatryan said today when speaking at a parliamentary hearing on next year’s budget

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The Standard & Poor’s said in a report it projects general government debt of Armenia to decrease to 48% by 2024 from 53% in 2021

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The government of Armenia is set to look into the demand for so-called Diaspora bonds as part of its development program

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As part of the 19th assistance program designed by the government of Armenia to help offset the economic consequences of the coronavirus crisis, conducted jointly with the Ministry of Economy and the Investment Support Center Foundation, VTB Bank (Armenia) announced today lending to small businesses and assistance in the implementation of business projects of entrepreneurs in this segment, the press service of the bank reported

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The Armenian government will use part of the proceeds raised from sale of $750 million of USD-denominated Eurobonds to build a “financial cushion,” Finance Minister Atom Janjughazyan said during a government meeting on Thursday

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Armenian government’s decision to place another issue of Eurobonds is a forced step that contains great risks, economist Tatul Manaseryan said in an interview with ARKA news agency

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The Armenian government’s debt by the end of 2020 will make 65% of GDP, and in 2021 it will slightly decrease to 63%, Finance Minister Atom Janjughazyan said on Monday, presenting the draft state budget for 2021 to parliamentary commissions

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Armenian Vice Premier Mher Grigoryan pointed out Thursday the progress in the implementation of the government’s 1st and 2nd programs aimed at cushioning the economic consequences of the coronavirus

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As part of a string of assistance measures designed by the government of Armenia to help companies and citizens offset the consequences of the coronavirus crisis, local banks have provided loans to the tune of 119 billion drams, the Union of Banks of Armenia said in a statement

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