Armenia. Armenian enterprises engaged in the production of wine and brandy will receive state assistance through the 24th programme of anti-crisis measures to neutralize the economic consequences of Covid-19. The state will fully finance the interest rates on loans with repayment periods extended from 18 to 24 months.
Armenia. The coronavirus-related state of emergency in Armenia has been extended for another month keeping many restrictions for the business until September 9.
Armenia. 2.6 billion AMD (about $5.4 million) was provided to about 13,000 beneficiaries under the 21st programme of the Armenian government to offset the socio-economic consequences of the coronavirus. About 96% of the private companies submitted applications for preserving their jobs during the Covid-19 pandemic.
The European Investment Bank will lend EUR 10 million to Credo Bank, the leading actor on microfinance market in Georgia, and provide more affordable loans to country`s micro, small and medium enterprises (MSME), predominantly from the agriculture sector.
Armenia. According to the Statistical Committee, the economic activity of Armenia in the first half of 2020 decreased by 4.7% per annum, while in June 2020 alone, economic activity increased by 14.8%, after growing by 13.3% in May and against growth by 8.2% in June 2019.