Armenian service sector generated revenue of $1.2 billion in first two months Monday, April 8 2024 16:56:00
|
 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 ($584.2 million). |
Thursday, January 14 2021 15:59
ArmInfo. In the consumer market of Armenia in 2020, inflation was higher - 3.7%, than in 2019 - 0.7%. >>> |
Thursday, January 14 2021 14:47
ArmInfo.In Armenia, economic activity in January-November 2020 deepened the decline to 7.2% per annum, against the backdrop of an accelerating decline in imports and a slowdown in exports. In November 2020 versus November 2019, economic activity decreased by 10.3%, with an almost similar 10.2% decline in November 2020 alone, after an October decline of 4.9%. >>> |
Thursday, January 14 2021 14:34
ArmInfo.The industrial sector of Armenia reduced production volumes in January-November 2020 by 0.2% (against an increase of 9.3% a year earlier), amounting to 1.8 trillion drams ($ 3.7 billion). According to the data of the Statistical Committee of the Republic of Armenia, such dynamics is due to the worsening trend in the manufacturing- from growth to decline, and a slowdown in the y-o-y growth rates of the mining sector. >>> |
Tuesday, December 29 2020 22:15
ArmInfo.The Central Bank further worsened the forecast for the decline in Armenia's GDP in 2020 - to 7.2% from the previous 6.2%. This is set out in the Central Bank's Monetary Policy Program for the Q4 of 2020, published on December 29. According to the Central Bank's forecast, in these conditions, the decline in private demand will amount to 10.1%, including private consumption will decrease by 9.3% (against the previously expected decline by 9.4%), and the gross accumulation of private fixed assets will decrease by 15.3%. >>> |
Wednesday, December 9 2020 13:02
ArmInfo.The client base of banks in Armenia totaled 3,107,946 individuals and 105,125 legal entities by October 2020. >>> |
Wednesday, December 9 2020 11:24
ArmInfo. The trade sector of Armenia in January-October 2020 showed a decline of 12.5% (against 8.9% growth a year earlier), providing a turnover of 2.3 trillion. drams ($ 4.7 billion). And only in October 2020, the trade turnover in Armenia decreased by 13.4% (against a 1.7% decline in the previous year), amounting to 234.3 billion drams ($ 476.4 million). >>> |
Wednesday, December 9 2020 11:23
ArmInfo. In Armenia, the service sector reduced volumes in January-October 2020. to the same period of 2019. by 12.8% (against growth by 15.1% a year earlier) to 1.413 trillion. drams ($ 2.9 billion). In October alone, a 2.9% decline was recorded, with the provision of 147.5 billion drams ($ 299.9 million). >>> |
Tuesday, December 8 2020 20:02
ArmInfo. Revenue in the communication sector of Armenia in January-October 2020 amounted to 118.2 billion drams, having decreased by 3.1% in y-o-y terms (against growth by 1.1% a year earlier). According to the RA Statistical Committee, the dominant telecommunications segment (90.7%) provided revenues of 107.1 billion drams, accelerating the y-o-y decline from 2.6% to 2.8%. >>> |
Tuesday, December 8 2020 20:02
ArmInfo.The volume of cargo transportation in Armenia in January-October 2020 to the same period in 2019 increased by 3.5% (against a decline of 51.1% a year earlier), to 12,271.5 thousand tons. Of these, 8,086.8 thousand tons (65.7% of the total) accounted for road transportation, which increased by 3.7% in y-o-y terms. This is evidenced by the data of the RA Statistical Committee. >>> |
Tuesday, December 8 2020 19:07
ArmInfo.In January-October 2020, the production of alcoholic beverages in Armenia, with the exception of champagne, continues to subside since the outbreak of the coronavirus pandemic, while a year earlier, over the same period, all lines of alcohol production demonstrated growth. >>> |
Tuesday, December 8 2020 17:03
ArmInfo. In Armenia, the production of aluminum foil for 10 months of 2020 increased by 14.6% per annum - up to 29,504 tons, against 4.2% growth a year earlier. According to the Statistics Committee of Armenia, in October alone, the production of aluminum foil increased by 4.1% - up to 3,054 tons. >>> |
Tuesday, December 8 2020 14:29
ArmInfo.Industrial production in Armenia in January-October 2020 slowed down the y-o-y growth rate from 8.8% to 0.5%, amounting to 1.627 trillion drams ($ 3.3 billion). A significant slowdown in the growth of industrial production is due to the continuing decline in the manufacturing industry. According to the Statistical Committee of the Republic of Armenia, only in October 2020, industrial production increased its volumes by 3.2%, ensuring the volume of 194.7 billion drams ($ 396.1 million). >>> |
Tuesday, December 8 2020 14:29
ArmInfo. Electricity generation in Armenia in January- October 2020 increased by 1.7%, amounting to 6 357.9 million kWh. (against a decline of 2.7% a year earlier). At the same time, in October alone, generation decreased by 1.8% to 620.9 million kWh. >>> |
Friday, December 4 2020 16:07
ArmInfo. In the consumer market of Armenia in January- November 2020, inflation was recorded at 0.3%, against deflationary 0.5% in the same period of 2019. This was provoked by an increase in tariffs for services by 1.4%, a rise in prices for non-food products by 1%, while prices for food products (including alcohol and cigarettes) fell by 0.9%. According to the Statistical Committee of the Republic of Armenia, in y-o-y terms (compared to January-November 2019), the consumer market recorded inflation of 1% (against inflationary 1.5% a year ago), which was facilitated by the same rise in prices of food and non-food products by 0.8% and an increase in tariffs for services by 1.3%. The average monthly rise in prices on the consumer market amounted to 0.03% in January- November 2020, against a 0.05% decline a year earlier. >>> |
Thursday, November 26 2020 21:00
ArmInfo. In Armenia, the decline in economic activity in January-October 2020 deepened to 6.7% per annum, against the backdrop of an accelerating decline in imports and a slowdown in exports. >>> |
Tuesday, November 17 2020 20:25
ArmInfo. 26 653 children were born in Armenia in January- September 2020. According to the Statistical Committee of the Republic of Armenia, the birth rate in the country increased by 0.8% in y-o-y terms, and by 0.4% in a two-year context. The birth rate per 1000 inhabitants at the end of the reporting period was 12 ppm, against 11.9% in 2019 and a similar level (12 ppm) two years earlier. >>> |
Tuesday, November 17 2020 19:32
ArmInfo. In January-September 2020, 39,496 cases of population migration were registered in Armenia, which is 17% less than a year ago. According to the data of the Statistical Committee of the Republic of Armenia, 12,025 people moved to the country from abroad (with an annual decline of 33.6%), and 14186 people emigrated abroad (with an annual decline of 37.6%). >>> |
Tuesday, November 17 2020 17:08
ArmInfo. In Armenia, the service sector in January-July 2020 reduced volumes by 11.7% per annum - to 1.2 trillion drams ($ 2.6 billion) against 15.5% growth a year earlier. According to the data of the Statistical Committee of the Republic of Armenia, in September alone, the volume of services provided increased by 4.1%, amounting to 151.9 billion drams ($ 312.1 million). >>> |
Tuesday, November 17 2020 15:21
ArmInfo. Revenue in the communications sector of Armenia amounted to 105.1 billion drams by October 1, 2020, decreasing in y-o-y terms by 3.9% against 1.3% growth in the previous year. >>> |
Tuesday, November 17 2020 15:20
ArmInfo. The volume of cargo transportation in Armenia in January-September 2020 compared to the same period of the previous year increased by 4.9% - to 10,874.1 thousand tons (against a decline of 52.2%). Of these, 7,055.6 thousand tons (64.8% of the total) fell on road transport, having increased by 5.2% in y-o-y terms (against a decline of 63.3%). This is evidenced by the data of the RA Statistical Committee. >>> |
Expert on Armenia`s international trade growth against "miserable trade pattern" 
Expert: Armenia should use Georgian, Turkish transit opportunities
Gevorg Mantashyan: High-Tech Ministry makes consistent efforts for emergence and progress of startups in Armenia
Bank of Georgia announces proposed acquisition of Ameriabank for $303.6 million