Tue, 1 July
18.1 C
Yerevan
USD: 384.47 RUB: 4.90 EUR: 450.83 GEL: 141.25 GBP: 526.80

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

US dollar exchange rate unchanged, euro and ruble rise

The average market exchange rate of the U.S. dollar to the Armenian dram on March 7, 2025, remained at 394.58 drams, unchanged compared to March 6.

Central Bank of Armenia considering introducing long-term mechanisms for insurance against fraud

The Central Bank of Armenia is considering the possibility of introducing mechanisms for insurance against fraud.

Armenia to receive EUR 26 million loan from KfW bank for renewable energy development

Armenia will receive a loan and a grant from the German KfW bank for the implementation of the "Renewable Energy and Energy Efficiency Development" program.

Ratio of loans to deposits in commercial banks of Armenia has improved – WB review

In April 2025, deposits and loans of commercial banks of Armenia increased by 1.5% y/y and 0.8% y/y, respectively, slightly improving the ratio of loans to deposits compared to the figures for the previous year.

Euro falls by 0.62 points to 450.23 drams

The average market exchange rate of the US dollar against the Armenian dram as of June 27, 2025, decreased by 0.59 points compared to June 26 and amounted to 384.32 drams.

LATEST NEWS

spot_imgspot_imgspot_img