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).

Telecommunications revenue ended the year with a 5.4% decline
 Monday, February 8 2021 11:15

ArmInfo.Revenue in the communications sector of Armenia for 2020 amounted to 139.3 billion drams, having decreased by 5.4% on an annualized basis, against  growth by 0.5% a year earlier.

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Alcohol production volumes decreased significantly in Armenia in 2020
 Monday, February 8 2021 11:13

ArmInfo. 2020 turned out to be difficult for the alcoholic industry in Armenia: the production volumes of almost all alcoholic beverages produced in Armenia, with  the exception of champagne, sagged.

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Armenia`s metallurgical industry slows down the pace of y-o-y decline  in 2020
 Friday, February 5 2021 18:52

ArmInfo. The metallurgical industry of Armenia in 2020 slowed down the decline in production volumes to 0.4% from 4.7% in 2019. This is evidenced by the data of  the RA Statistical Committee.

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Electricity generation in Armenia increased by 1.2% in 2020
 Friday, February 5 2021 17:04

ArmInfo. Electricity generation in Armenia in January- December 2020 amounted to 7,723.4 million kWh, with y-o-y growth of 1.2% (against a decline of 1.9% a  year earlier). In December alone, electricity generation increased by  15.9% to 732.9 mln/kWh.

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Armenian industry sums up the year in decline
 Friday, February 5 2021 17:03

ArmInfo.The industry of Armenia summed up the past 2020 in a negative trend. According to official statistics, industrial production in the country fell by  0.9% over the year, amounting to 2.070 trillion drams in absolute  figures ($ 4.2 billion), against a 9% growth registered in 2019.

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The growth of plastic transactions is supported by the activity of  vPOS transactions
 Thursday, February 4 2021 19:57

ArmInfo. In Armenia, the total  volume of plastic transactions slowed down from 21.3% in 2019 to 13%  in 2020, amounting to AMD 2.6 trillion (taking into account  transactions abroad with cards of Armenian issuing banks). This is  evidenced by the data of the RA Central Bank.

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In Armenia, economic activity decreased by 7.5% in 2020 against  growth by 7.8% in 2019
 Saturday, January 30 2021 15:51

ArmInfo.. In Armenia, economic activity decreased in January- December 2020 by 7.5% per annum, against an increase of 7.8% in 2019.

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Armenian telecom operators reduced tax payments to the state treasury  by 1.6%
 Wednesday, January 20 2021 21:43

ArmInfo."MTS Armenia" (VivaCell-MTS trademark) has become the leader among telecom operators on the list of the largest taxpayers in Armenia, rising to  the 10th position from the 14th a year earlier.

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The inflow of foreign investments into the Armenian economy has  dropped significantly
 Tuesday, January 19 2021 15:33

ArmInfo. The volume of total foreign investment (all types and forms of investment - ed. note) in the real sector of the Armenian economy in January-September 2020  compared to the same period of 2019 decreased by 32% (against 27.1%  growth a year earlier), amounting to $ 1.5 billion in 9 months of  2020.

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Despite the recession, Russia retains leadership in Armenia`s foreign  trade turnover
 Tuesday, January 19 2021 11:34

ArmInfo.. In foreign trade Armenia's leadership is held by Russia with volume in  January-November 2020 over $ 1.9 billion, despite the reversal of  annual dynamics from 12.6% growth by 2.8% decline.

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Armenia`s foreign trade turnover with EU countries is rapidly sinking
 Monday, January 18 2021 18:51

ArmInfo.Armenia's foreign trade turnover with the EU countries in January-November 2020 lingered in a downtrend with an acceleration of y-o-y rates from 7.6%  to 22.8%, amounting to $ 1.15 billion.

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Armenia`s foreign trade turnover with EAEU countries began to sink
 Monday, January 18 2021 17:04

ArmInfo.Armenia's foreign trade turnover with the EAEU countries in January-November 2020 compared with the same period of 2019 decreased by 2% (against 12.8% growth a year earlier), amounting to $ 2.03 billion.

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Armenia`s foreign trade turnover decreased in 11 months of 2020 by  12.4% per annum
 Monday, January 18 2021 12:31

ArmInfo.Armenia's foreign trade turnover in January-November 2020 amounted to 3.1 trillion. drams ($ 6.4 billion), having fallen by 12.4% per annum. According to  the data of the Statistical Committee of the Republic of Armenia, the  reduction in import volumes turned out to be more significant - by  15.9% to 1.98 trillion. drams ($ 4.1 billion) than exports - by 5.2%  to 1.1 trillion drams ($ 2.3 billion).

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Cargo transportation in Armenia continues to grow amid a decrease in  passenger traffic
 Friday, January 15 2021 14:33

ArmInfo. Freight traffic in Armenia in January-November 2020 compared to the same period in 2019, increased by 1.9% - to 13 523.7 thousand tons (against a 50.7%  decline a year earlier). This is evidenced by the data of the RA  Statistical Committee.  According to statistics, of the total volume,  65.9% or 8 921.3 thousand tons falls on road transport, which is 2.5%  more than a year ago.

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Trade sector of Armenia continues to sink
 Friday, January 15 2021 14:33

ArmInfo.. In the trade sector of Armenia, the turnover in January-November 2020 against the same period of 2019 decreased by 13.5% (against growth by 9.2% a year  earlier), amounting to 2.5 trillion. drams ($ 5.1 billion). According  to the RA Statistical Committee, in November 2020 alone, the trade  turnover in Armenia increased by 1% (after a 13.4% decline in  October), amounting to 240.8 billion drams ($ 482 million).

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Revenue in the communications sector of Armenia for 11 months of 2020  decreased by 3.4%
 Friday, January 15 2021 14:32

ArmInfo.Revenue in the communications sector of Armenia in January-November 2020 amounted to 129.7 billion drams, having decreased by 3.4% year on year (against  0.9% growth a year earlier). This is evidenced by the data of the RA  Statistics Committee.

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Y-O-Y devaluation of dram against dollar in December 2020 amounted to  8.5% with inflation of 3.7%
 Thursday, January 14 2021 18:07

ArmInfo.3.7% inflation in the consumer market of Armenia in January-December 2020 was accompanied by a devaluation of the dram against the dollar by 8.5%, while a year  earlier in the same period inflation in the consumer market was only  0.7% with the revaluation of the dram against the dollar by 1.3%.

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Metallurgical industry of Armenia significantly slowed down the  growth of production
 Thursday, January 14 2021 16:18

ArmInfo.The metallurgical industry of Armenia for 11 months of 2020 increased production volumes by 1.7% per annum, against 21.4% growth for the same period  of 2019. This is evidenced by the data of the RA Statistical  Committee.

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For 11 months of 2020, Armenia produced more aluminum foil than for  the whole of 2019
 Thursday, January 14 2021 16:03

ArmInfo. In Armenia, the production of aluminum foil for 11 months of 2020 exceeded the production volumes for the entire 2019. According to the data of the  Statistical Committee of the Republic of Armenia, in January-November  2020 the "Armenal" plant produced 32.608 tons of aluminum foil, while  for the whole of 2019 30.547 tons were produced.

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Electricity generation in Armenia  for 11 months of 2020 increased  by 1.8%
 Thursday, January 14 2021 16:03

ArmInfo. Electricity generation in Armenia in January- November 2020 amounted to 6990.5 million kWh, with a y-o-y growth of 1.8% (against a decline of 3.4% a  year earlier). In November alone, electricity generation increased by  1.9% to 632.6 million kWh.

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