The International Monetary Fund will likely disburse next month $280 million in emergency loans designed to help Armenia fight the coronavirus outbreak and mitigate its economic consequences, a senior IMF official said over the weekend.
Armenia’s government on Thursday forecast that the domestic economy will shrink by 2 percent this year due to the coronavirus pandemic and announced plans to borrow more than $500 million to cushion the impact of the recession.
Ara Harutiunian, a businessman and former prime minister, cruised to a comfortable victory in the second round of Nagorno-Karabakh’s presidential election held on Tuesday amid concerns about the spread of coronavirus in the Armenian-populated territory.
Residents of Nagorno-Karabakh went to the polls on Tuesday in the second round of a presidential election held amid serious concerns about the spread of coronavirus in the Armenian-populated territory which had broken away from Azerbaijan in 1991.
Economic growth in Armenia will practically grind to a halt this year due to the coronavirus pandemic, Economy Minister Tigran Khachatrian said on Friday.
Residents of Nagorno-Karabakh went to the polls on Tuesday in presidential and parliamentary elections strongly condemned by Azerbaijan.
Armenia’s Central Bank has a variety of tools and the necessary reserves to keep the Armenian currency market calm, Artur Stepanian, a member of the Bank’s Board, told reporters on Friday.
The education system of Armenia is switching to distance learning because of school closures conditioned by the novel coronavirus pandemic, according to a government official.
Armenian Prime Minister Nikol Pashinian took a vacation on Tuesday to get actively engaged in political campaigning ahead of next month’s constitutional referendum in which citizens will be asked to approve the termination of powers of several High Court judges.
The Armenian government is analyzing the global and regional economic trends influenced by the falling oil prices and the tumbling Russian ruble in order to send “correct signals” to local manufacturers and exporters, an Economy Ministry spokesperson said on Monday.
The Armenian military claimed to have thwarted early on Friday an Azerbaijani commando raid on one of its positions along Armenia’s border with Azerbaijan.
Three senior members of the former ruling Republican Party of Armenia (HHK) have decided to leave it, citing disagreements with the HHK’s top leader, former President Serzh Sarkisian.
Armenia’s leading media associations on Monday expressed serious concern over government plans to effectively criminalize libel and defamation, saying that they pose a threat to freedom of expression.
The Armenian government formally dismissed the head of its Urban Development Committee, Vahagn Vermishian, on Thursday three weeks after he was arrested on corruption charges.
Economic growth in Armenia accelerated to 7.6 percent last year, according to government data released on Thursday.
The Armenian government confirmed on Monday that an Iranian company sanctioned by the United States is exploring the possibility of taking over and reactivating Armenia’s largest chemical plant that has stood idle for the last ten years.
Artur Vanetsian, the former National Security Service (NSS) chief increasingly at loggerheads with Armenia’s political leadership, has been summoned for questioning in two criminal investigations, it emerged on Friday.
Justice Minister Rustam Badasian on Thursday did not exclude that constitutional changes planned by the Armenian authorities will fully change the composition of the country’s Constitutional Court.
A lawyer for Armenia’s jailed former President Robert Kocharian on Tuesday denied maintaining secret contacts with Constitutional Court Chairman Hrayr Tovmasian alleged by a close associate of Prime Minister Nikol Pashinian.
One of Armenia’s largest commercial banks has issued a $300 million Eurobond to foreign investors at a yield of 6.5 percent, citing “positive” economic trends in the country.
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