2019, the year of Armenia’s chairmanship at the Union, was quite active. During Armenia’s chairmanship two major free trade agreements were signed with Singapore and Serbia. This year two more agreements also entered into force: the free trade deal with Iran and the agreement on economic cooperation with China. In other words, the EAEU has 4 new agreements. This, of course, means new markets. Currently negotiations are underway also with Egypt, Israel and India”, Simonyan said, adding that India is a big market with a great position in the region.
Converse Bank intends to completely abandon the usage of plastic in the near future, becoming the first financial institution in Armenia to undertake such an initiative. Recently this initiative has been launched in the Bank Headquarters and Customer Service Office, where plastic cups were replaced by paper cups, and waste sorting has also been introduced. Waste is recycled after use.
Lydian’s access to its Amulsar project has been illegally blocked since June 2018. Despite the court rulings on the need for the relevant authorities to restore Lydian’s access, the roads remained blocked. Nevertheless, Lydian continued to fulfill its contractual obligations and paid land rents to the community budgets. As part of its commitment to transparency, at the end of each year the Company discloses the payments made to the communities.
As of January 1, 2018, the government of Armenia had 275 billion AMD debt to economic entities in overpayments of taxes. But as of December 1, 2019, this debt comprises 95 billion AMD, including also the ongoing VAT debts, Prime Minister Nikol Pashinyan said on Facebook.
Gas price will not increase in Armenia until April 1, 2020, Deputy Prime Minister of Armenia Mher Grigoryan told reporters.
The Parliament of Armenia adopted the 2020 state budget draft.
An organic wine has been produced in Armenia for the first time. The wine is made of certified organic grapes.
The price of gas for consumers in Armenia will not be increased until April 1, 2020, and the government is currently negotiating with Russia – its supplier of natural gas – for the possible increase afterwards not to become a burden for both consumers and the economy, Deputy Prime Minister Mher Grigoryan told reporters.
On the eve of Black Friday, Converse Bank is launching another loyalty campaign. Within the framework of the campaign, until November 29 inclusively, Visa Virtual Account and Visa instant issue card will be provided without service charge (throughout the whole validity period of the card). And on November 29, on Black Friday, clients can make non-cash online purchases and receive 10% cashback.
The tariff for gas supplied by Russia to Armenia will not increase during the winter months and until April 1.
