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Fitch revises Outlook on Armenia to negative; Affirms at

Fitch revises Outlook on Armenia to negative; Affirms at "BB-"

April 4, 2020 - 16:49 AMT  12:49 GMT
Fitch predicts that the Covid-19 shock will drag down GDP growth from 7.6% in 2019 to 0.5% in 2020.
ADB: Covid-19 expected to slash Armenia GDP growth to 2.2% in 2020

ADB: Covid-19 expected to slash Armenia GDP growth to 2.2% in 2020

April 4, 2020 - 11:32 AMT  07:32 GMT
Inflation and the current account deficit are expected to rise slightly in 2020 before moderating in 2021.
Gazprom Armenia wants to raise gas price for enterprises and the poor

Gazprom Armenia wants to raise gas price for enterprises and the poor

April 1, 2020 - 15:15 AMT  11:15 GMT
The company wants to increase the price for people who consume up to 600 cubic meters of gas per year by 36%
Armenia wants Russia to reduce gas price amid coronavirus crisis

Armenia wants Russia to reduce gas price amid coronavirus crisis

March 31, 2020 - 15:36 AMT  11:36 GMT
Mher Grigoryan has proposed launching a new round of negotiations on reducing the price for natural gas.
Armenia banks offer $408m

Armenia banks offer $408m "credit vacations" amid coronavirus crisis

March 27, 2020 - 13:52 AMT  09:52 GMT
In most cases, Pashinyan said, the banks have granted "credit vacations", sometimes for several months.
Fitch revises Armenia banking sector outlook to negative

Fitch revises Armenia banking sector outlook to negative

March 26, 2020 - 17:16 AMT  13:16 GMT
Fitch ratings agency has revised banking sector outlooks to negative for Armenia and other ex-Soviet nations.
Armenia pledges no utility shut-offs amid coronavirus crisis

Armenia pledges no utility shut-offs amid coronavirus crisis

March 25, 2020 - 19:37 AMT  15:37 GMT
Armenian Prime Minister Nikol Pashinyan said the government should come with a targeted plan of social support.
Armenia set to restrict people's movement to curb coronavirus spread

Armenia set to restrict people's movement to curb coronavirus spread

March 24, 2020 - 16:34 AMT  12:34 GMT
Deputy Prime Minister Tigran Avinyan said they are going to try to maintain self-isolation measures․
Former Armenian PM appointed Deputy Chairman of EDB Board

Former Armenian PM appointed Deputy Chairman of EDB Board

March 23, 2020 - 19:22 AMT  15:22 GMT
Tigran Sargsyan has been appointed the Deputy Chairman of the Board of the Eurasian Development Bank (EDB).
Armenia will offer interest-free loans within coronavirus aid package

Armenia will offer interest-free loans within coronavirus aid package

March 19, 2020 - 12:30 AMT  08:30 GMT
A portion of the package will be used for business loans, with the government and banks sharing the financing.
Armenia announces $305 million coronavirus economic aid package

Armenia announces $305 million coronavirus economic aid package

March 18, 2020 - 20:14 AMT  16:14 GMT
The government is planning to subsidize agricultural loans to reduce the interest rates to 0%, Nikol Pashinyan said.
Armenia, Russia agree to limit passenger traffic for two weeks

Armenia, Russia agree to limit passenger traffic for two weeks

March 16, 2020 - 16:44 AMT  12:44 GMT
The decision was reached in a phone call between Armenian and Russian PMs Nikol Pashinyan and Mikhail Mishustin.
Galaxy Group of Companies gearing up for special health measures

Galaxy Group of Companies gearing up for special health measures

March 16, 2020 - 14:04 AMT  10:04 GMT
To prevent mass congregations of people, Yerevan Mall, Pahest33, TI’ME chain of stores will remain closed until March 23.
Armenia replacing used banknotes to prevent spread of coronavirus

Armenia replacing used banknotes to prevent spread of coronavirus

March 13, 2020 - 15:02 AMT  11:02 GMT
In Facebook post published on March 12, the Central Bank advised people to avoid making cash payments where possible.
Oil prices jump 4% after biggest one-day fall since 1991

Oil prices jump 4% after biggest one-day fall since 1991

March 10, 2020 - 13:57 AMT  09:57 GMT
Saudi Arabia and Russia both said they would raise production at the weekend after the three-year pact fell apart.
Russian ruble plummets after oil pact breakdown

Russian ruble plummets after oil pact breakdown

March 9, 2020 - 13:42 AMT  09:42 GMT
The ruble was trading at a low of 74.9 to $1 on March 9 morning, after another wild start to the week for financial markets.
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