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Economy
12:48 01/05/2020Eurozone economy shrinks at record rate due to coronavirus lockdownThe eurozone economy shrank at the sharpest pace on record in the first quarter as the Covid-19 pandemic forced countries into lockdown, BBC News reports.
15:32 30/04/2020Socially vulnerable population to be involved in 200 million drams worth tree planting project in ArmeniaAt a meeting on Thursday, the Armenian government approved the 15th measure to counter the economic impact of the coronavirus crisis.
18:44 29/04/2020PM: Capital expenditure efficiency is the key to curbing the crisisPrime Minister Nikol Pashinyan chaired a consultation, which discussed progress in infrastructure and house-building-related capital programs.
16:46 29/04/2020Parliament approves bill on making amendment in Law on the State Budget for 2020The National Assembly of Armenia adopted in the second reading the draft law on Making Amendment and Addenda to the RA Law on the RA State Budget for 2020.
20:00 28/04/2020CBA: Refinancing rate cut by 0.25 pp to 5.0%At the April 28, 2020 meeting, the Central Bank of Armenia (CBA) Board decided to cut the refinancing rate by 0.25 percentage points, setting it at 5.0%, the Bank said in a released statement.
16:30 28/04/2020People protest outside Armenian government after gas, electricity supplies cut offA group of citizens staged a protest outside the Armenian government building on Tuesday, complaining that their electricity and natural gas supplies were cut off after they failed to pay the utility...
15:21 28/04/2020Over 30m workers in Europe turn to state for wage supportMore than 30m workers in Europe’s five biggest economies have applied to have their wages paid by the state via short-term leave schemes designed to stop unemployment skyrocketing in the coronavirus...
14:25 28/04/2020Armenian PM urges citizens to pay utility bills to avoid ‘systemic collapse’Armenian Prime Minister Nikol Pashinyan called on citizens to pay their electricity and gas bills, waning it could cause a systemic collapse in the county.
12:21 28/04/2020Minister: Armenia’s state budget to suffer deficit of 324 billion drams amid coronavirus crisisThe economy is facing an unprecedented challenge due to the coronavirus pandemic, Armenian Minister of Finance Atom Janjughazyan told a sitting of the National Assembly Standing Committee on...
18:22 27/04/2020EBRD to continue collaborating closely with the Armenian government to advance the ongoing programsThe European Bank for Reconstruction and Development (EBRD) welcomes the broadband anti-crisis action plan by the government and supports the steps and programs of the Armenian side, the EBRD...
15:17 27/04/2020Armenia among world’s 10 countries with military burden of 4% or more of GDPGlobal military expenditure is estimated to have been $1,917 billion in 2019, the highest level since 1988, according to a new report by the Stockholm International Peace Research Institute (SIPRI).
10:16 27/04/2020European tourism needs 375 bln euros to recover, ETC saysThe European Travel Commission (ETC), a European tourism organization, has said that the European tourism sector needs 375 billion euros to recover from the crisis generated by the COVID-19 pandemic...
18:02 25/04/2020Viva-MTS to stream a virtual concert of Garik and SonaArmenia’s leading telecommunications and digital services provider Viva-MTS, has initiated to organize an online concert for the first time.
12:01 25/04/2020G20 Video conference canceled last minute due to US-China row over WHO – media reportsA video conference of G20 leaders planned for Friday was called off last minute due to ongoing disagreements between the United States and China over the World Health Organization's (WHO) handling of...
15:12 24/04/2020Ryanair may cut 10-20% of jobs in winter season, CEO tells German paperRyanair (RYA.I) may have to lay off 10-20% of staff in the winter season as it will operate fewer flights due to the coronavirus crisis, Chief Executive Michael O’Leary said in a newspaper interview...
19:45 22/04/2020PM announces the number of beneficiaries who benefited from government anti-crisis measuresAs of April 22, 10, 531 legal entities and 639, 592 families have benefited from the anti-crisis measures adopted by the government of Armenia to mitigate the consequences of the coronavirus pandemic.
12:56 22/04/2020World risks 'biblical' famines due to coronavirus pandemic, UN warnsThe world is not only facing “a global health pandemic but also a global humanitarian catastrophe”, the UN food relief agency chief told the Security Council on Tuesday via video link, according to...
11:22 21/04/2020Economic competition commission: Prices of butter, vegetable oil on the decline in YerevanAccording to the results of the monitoring conducted by the State Commission for the Protection of Economic Competition of Armenia, prices of butter and vegetable oil have continued falling in the...
15:02 20/04/2020Armenia's 14 coronavirus relief programs have complicated procedures, says opposition MPBright Armenia opposition faction of the Armenian parliament proposed the authorities to provide irrevocable state support to citizens in the amount of 5-10% of GDP back when the coronavirus crisis...
12:37 20/04/2020New chief of Central Bank of Armenia to assume duties on June 13Martin Galstyan will take up his duties as Chairman of the Central Bank of Armenia (CBA) on June 13, the bank said in a statement.