Tue, 6 May
17.1 C
Yerevan
USD: 389.46 RUB: 4.80 EUR: 441.84 GEL: 141.88 GBP: 518.41
spot_img

Armenia is developing a concept for mandatory insurance against damage from natural disaster

YEREVAN, March 24. /ARKA/. The idea of compulsory insurance of damage from natural disasters is being discussed in Armenia.

As Deputy Minister of the Interior Armen Mkrtchyan noted during a discussion on the draft law concerning the management of natural disaster risks and population protection, the choice of the insurance model and other regulations will be established through by-laws.

“Discussions have been held with the leadership of the Central Bank and relevant services, and further discussions with insurance companies are also planned,” Mkrtchyan said at a meeting of the parliamentary committee on defense and security on Monday.

In addition, he mentioned that this draft law aims to expand digital tools for managing natural disaster risks and protecting the population.

“In particular, to facilitate the management of these processes, it is planned to make all disaster risk management plans and emergency response procedures digital and quickly accessible,” the deputy minister noted.

According to him, the authorized body will be empowered to maintain a unified electronic information system.

spot_img

POPULAR

Finance Minister States Condition for Improving Armenia’s Country Rating**

Armenia’s Finance Minister, Vahe Hovhannisyan, addressed concerns regarding the stagnation of the country's credit rating despite positive financial indicators reported by the government over the past seven years.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

US Dollar and Euro Exchange Rates Down Against Armenian Dram

As of May 2, 2025, the average market exchange rate for the U.S. dollar decreased by 0.53 points compared to April 30, landing at 389.41 drams.

Central Bank of Armenia leaves countercyclical capital buffer unchanged at 1.75% level

The Central Bank of Armenia has decided to maintain the countercyclical capital buffer at 1.75%. This decision was made following an assessment of the macro-financial landscape and trends within the credit market.

VTB (Armenia) supported the inter-university Universiade – 2025

VTB (Armenia) has proudly stepped in as the general partner for the Universiade 2025, a student sports festival organized by the Russian-Armenian University.

LATEST NEWS

spot_imgspot_imgspot_img