Tue, 5 August
40.1 C
Yerevan
USD: 383.84 RUB: 4.70 EUR: 442.91 GEL: 141.90 GBP: 512.96

Insurance of buildings to be introduced in 2016, minister

YEREVAN, December 9. /ARKA/. Armenian urban development minister Narek Sargsyan said today the government is going to enforce a legislation allowing insurance of buildings in the capital city Yerevan from 2016.

Speaking in parliament he said the legislation will help avoid ‘various difficulties in the future.’
He said a relevant bill had been drafted by the government and submitted to parliament.

According to him a pilot project to insure buildings will be tested in a capital neighborhood. It will provide for insurance from the design to construction process.

According to him, the bill is likely to be considered by the National Assembly in spring and come into force before the end of 2016. -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Armenia’s state budget had a deficit of 39.2 billion drams in the first half of the year, according to the Finance Ministry.

The Armenian government’s budget for the first half of the year was executed with a deficit of 39.2 billion drams, which is significantly lower than the projected deficit of 325.3 billion drams, according to a statement released by the Ministry of Finance today.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

LATEST NEWS

spot_imgspot_imgspot_img