Fitch revises Armenia banking sector outlook to negativeMarch 26, 2020 - 17:16 AMT PanARMENIAN.Net - Fitch ratings agency has revised banking sector outlooks to negative for Armenia and a number other ex-Soviet nations on Wednesday, March 25. The agency has also revised banking sector outlooks to negative for Russia, Ukraine, Kazakhstan, Azerbaijan, Belarus and Georgia, only keeping Uzbekistan’s banking sector outlook stable. Fitch said that economic pressure from coronavirus coupled with weak oil prices are “credit negative for banks in Russia and neighbouring markets, and could result in negative rating actions.” Top stories Six total incidents have burned 19 old-growth trees. Friday night 8 trees were torched along the beautiful main entrance. The EU does not intend to conduct military exercises with Armenia, Lead Spokesperson for EU Foreign Affairs and Security Policy Peter Stano says. Hikmet Hajiyev has said that there is no place for USAID operation in Azerbaijan any longer. A telephone conversation between Putin and Pashinyan before the CSTO summit is not planned, Peskov says. Partner news | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. Aram I supports Karekin II’s “patriotic position” Catholicos of the Great House of Cilicia Aram I has expressed support for the Mother See of Holy Etchmiadzin. |