Fitch revises Armenia banking sector outlook to negativeMarch 26, 2020 - 17:16 AMT PanARMENIAN.Net - Fitch ratings agency has revised banking sector outlooks to negative for Armenia and a number other ex-Soviet nations on Wednesday, March 25. The agency has also revised banking sector outlooks to negative for Russia, Ukraine, Kazakhstan, Azerbaijan, Belarus and Georgia, only keeping Uzbekistan’s banking sector outlook stable. Fitch said that economic pressure from coronavirus coupled with weak oil prices are “credit negative for banks in Russia and neighbouring markets, and could result in negative rating actions.” Top stories Six total incidents have burned 19 old-growth trees. Friday night 8 trees were torched along the beautiful main entrance. The EU does not intend to conduct military exercises with Armenia, Lead Spokesperson for EU Foreign Affairs and Security Policy Peter Stano says. Hikmet Hajiyev has said that there is no place for USAID operation in Azerbaijan any longer. A telephone conversation between Putin and Pashinyan before the CSTO summit is not planned, Peskov says. Partner news | Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. Freedom House concerned by mounting reports of police violence in Armenia Freedom House urged Armenian authorities to investigate this pattern of excessive force and inhumane treatment. CSTO recognizes Armenia’s sovereign right to withdraw Tasmagambetov has said that if Armenia decides to leave the organization, “it will be the sovereign right of Armenia.” |