Armenian service sector generated revenue of $1.2 billion in first  two months

 Monday, April 8 2024 16:56:00
Armenian service sector generated revenue of $1.2 billion in first  two months

ArmInfo.Service sector of Armenia provided revenue in the amount of 473.1 billion drams in Jan-Feb 2024 ($1.2 billion), slowing down in y-o-y growth from 23.5% to 5.2%. This is evidenced by data from the RA Statistical Committee, according to which in February alone, the service sector showed a decline of 0.3% - to 236.2 billion drams ($584.2 million).

The metallurgical industry of Armenia increased production by 26.9%  per annum by May 2021
 Monday, June 7 2021 20:54

ArmInfo.The metallurgical industry of Armenia increased production volumes in January-April 2021 by 26.9% per annum (against a 28% decline a year earlier). This  is evidenced by the data of the RA Statistical Committee.

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Armenia`s industrial sector slowly recovers from coronavirus crisis
 Monday, June 7 2021 20:16

ArmInfo. In January-April 2021, the industrial sector of Armenia showed insignificant growth due to the continuing decline in the manufacturing industry since the  outbreak of the pandemic. According to the data of the Statistical  Committee, during the reporting period, the industrial sector of  Armenia increased its volumes by 0.9% (against 4.2% growth in the  previous year), providing the volume of 650.8 billion drams (over $  1.2 billion). In April alone, the industrial sector showed an  increase of 2.1% - up to 180.4 billion drams ($ 343.2 million).

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Armenia`s foreign trade turnover with EU countries increased by 12.4%  per annum by May 2021
 Monday, June 7 2021 19:54

ArmInfo. Armenia's foreign trade turnover with the EU countries in January-April 2021 reached 12.4% growth (from a 13.4% decline a year earlier), exceeding $ 449.6  million.

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Armenia`s foreign trade turnover with  EAEU countries grew by 1.6%  per annum in January-April 2021
 Monday, June 7 2021 18:52

ArmInfo.Armenia's foreign trade turnover with the EAEU countries in January-April 2021 compared to the same period of 2020 increased by 1.6% (against 2.4% growth a year  earlier), amounting to $ 678.2 million, as evidenced by the final  data of the RA Statistical Committee.

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Armenia`s foreign trade turnover increased by 7.2% per annum in  January-April 2021
 Monday, June 7 2021 17:57

ArmInfo.Armenia's foreign trade turnover amounted to $ 2.2 billion in January-April 2021, with an improvement in y-o-y dynamics to 7.2% growth (from a 10.4% decline a  year earlier).

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Armenia`s public debt is approaching $ 9 billion
 Monday, June 7 2021 17:54

ArmInfo.Armenia's public debt accelerated growth in January-April 2021 to 10.4% (from 1.4% growth a year earlier), reaching $ 8.8 billion. According to preliminary data  of the RA Ministry of Finance, published by the RA Statistical  Committee, Armenia's external debt increased by 9.8%, exceeding $ 6.7  billion, and domestic debt - by 6.8%, exceeding $ 2 billion, while a  year earlier the decline in external debt by 1.7% was accompanied by  an increase in domestic debt by 13.3%.

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Aluminum foil production volumes decreased by 3.7% per annum in  January-April 2021 in Armenia
 Monday, June 7 2021 17:45

ArmInfo. Aluminum foil production in January-April 2021 decreased by 3.7% per annum (against 12.5% growth a year earlier), amounting to 11.686 thousand tons.   This is evidenced by the data of the RA Statistical Committee.

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Electricity generation in Armenia slows down annual growth rate
 Monday, June 7 2021 13:45

ArmInfo. Electricity generation in Armenia in January-April 2021 amounted to 2,753 million kWh, with a slowdown in annual growth from 10.3% to 3.1%. And just within a  month, the dynamics turned from the March 16% growth to the April 13%  decline - to 640.1 million kWh.  This is evidenced by the data of the  RA Statistical Committee.

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The y-o-y inflation in Armenia in May 2021 was 5.9%, for five months  - 4.7%, with a deflation of 0.4% in May 
 Friday, June 4 2021 11:24

ArmInfo.In the consumer market of Armenia in January-May 2021, inflation was recorded at 4.7%, against 2.5% inflation in the same period of 2020. According to the  Statistical Committee of the Republic of Armenia, this was provoked  by an increase in the prices of food products (including alcohol and  cigarettes) by 7.8% (against 5.6% a year earlier), non-food products  by 5% (against a decrease in prices by 0.5% a year earlier) and  tariffs for services - by 0.9% (against 0.4% a year earlier).

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Armenia`s foreign trade turnover decreased by 4.4% per annum in the  first quarter of 2021
 Friday, May 7 2021 11:48

ArmInfo.Armenia's foreign trade turnover in the first quarter of 2021 amounted to $ 1.5 billion, accelerating the decline to 4.4% (from 4% a year earlier). According  to the final data of the Statistical Committee of the Republic of  Armenia, this was provoked by the acceleration of the decline in  imports from 6.2% to 8.7%, while the export growth accelerated from  0.2% to 3.4%, the volumes of which amounted to $ 936.4 million and $  572.9 million, respectively.

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Natural population growth in Armenia decreased by 17% in the first  quarter of 2021
 Thursday, May 6 2021 22:55

ArmInfo.In Armenia, in the first quarter of 2021, 8,583 children were born, which is 13.3% higher than a year ago, and by 7.9% compared to the same period in 2019.   According to the Statistical Committee of the Republic of Armenia,  the birth rate per 1000 inhabitants for the reporting period amounted  to 11.7 ppm, against 10.3 ppm a year earlier and 10.9 ppm two years  ago.

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In Armenia, the negative balance of migration in the first quarter of  2021 decreased by 30.6%
 Thursday, May 6 2021 22:55

ArmInfo.Negative migration balance in Armenia at the end of the first quarter of 2021 amounted to 682 people, which is less than a year ago by 30.6%, and in the  two-year context, a decrease of 44% was recorded. This is evidenced  by the data of the RA Statistical Committee.

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Armenia`s textile industry increased its volumes by 73.2% per annum  in Q1 of 2021
 Thursday, May 6 2021 17:20

ArmInfo. The volume of production of the textile industry in Armenia in the first quarter of 2021 reached 73.2% growth (from a 9.8% decline in the same period a year  ago), amounting to 402.5 million drams. This is evidenced by the data  of the RA Statistical Committee.

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In Q1 services in a number of areas remained on the rise, but  significantly slowed down the rate
 Thursday, May 6 2021 15:17

ArmInfo. In the first quarter of 2021 the service sector in Armenia accelerated its annual growth from 5.7% to 8.1%, amounting to 403.9 billion drams (about $ 938 million).   According to the data of the Statistical Committee of the Republic of  Armenia, for March 2021 the volume of services provided increased by  9.5% - up to 145.1 billion drams (over $ 301 million).

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Armenia`s alcohol industry recovers from coronavirus crisis in a year
 Thursday, May 6 2021 15:04

ArmInfo. The alcohol industry in Armenia has managed to recover from the coronavirus crisis. Since March last year, since the outbreak of the pandemic, a decrease has  been registered for all types of alcoholic beverages in the RA.  However, according to the results of the first quarter of 2021, it is  clear that the alcohol industry in Armenia has begun to recover. This  is evidenced by the data of the RA Statistical Committee.

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Dominant telecommunications sector registers growth in Armenia`s  communications sector
 Thursday, May 6 2021 13:08

ArmInfo.Revenue in the communications sector of Armenia in the first quarter of 2021  accelerated the annual decline from 1.2% to 2.4%, amounting to 33.7  billion drams ($ 64.4 million). At the same time, the trend of the  dominant (91.6%) telecommunications sector reversed from a downward  2% to an upward 0.3%, with a revenue of 30.9 billion drams.

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Passenger traffic in Armenia deepens into recession amid accelerated  growth in freight traffic
 Thursday, May 6 2021 11:22

ArmInfo.The volume of freight traffic in Armenia in the first quarter of 2021 accelerated the annual growth from 2.6% to 9.1%, amounting to 3,193 thousand tons.

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Metallurgical industry of Armenia in Q1 of 2021 increased production  volumes by 4.1%
 Wednesday, May 5 2021 17:36

ArmInfo.The metallurgical industry of Armenia in the first quarter of 2021 slowed down the y-o-y growth from 30% to 4.1%. This is evidenced by the data of the  RA Statistical Committee. In particular, the production of  ferromolybdenum in the first quarter of 2021 compared to the same  period last year decreased by 18.4% (against 22.5% growth a year  earlier), amounting to 1.702 thousand tons. In March alone, 605.7  tons of ferromolybdenum were produced, which is 1.7% more than in  February.

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In Armenia, aluminum foil production volumes decreased by 2.6% per  annum in Q1
 Wednesday, May 5 2021 17:32

ArmInfo. Aluminum foil production in Q1 2021 decreased by 2.6% per annum (against 16.8% growth a year earlier), amounting to 8.656 thousand tons. This is evidenced by the  data of the RA Statistical Committee.

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Y-O-Y inflation in Armenia in April 2021, amounted to 6.2%, and in  January-April alone-5.1% 
 Wednesday, May 5 2021 17:18

ArmInfo. In the consumer market of Armenia in January-April 2021, inflation was recorded at 5.1%, against 2.6% inflation in the same period in 2020. According to the RA Statistical Committee, this was provoked by an increase in the  prices of food products (including alcohol and cigarettes) by 8.6%  (versus 5.7% a year earlier), non-food products - by 5%  (versus 0.1% a year earlier) and tariffs for services - by 1.1%  (against 0.3% a year earlier).

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