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).

Y-O-Y inflation in consumer market of Armenia in October was 1.3%,  with a 10-month deflation of 1%
 Sunday, November 15 2020 14:59

ArmInfo.A deflation of 1% was recorded in the consumer market of Armenia in January- October 2020, against a deflationary 1.6% in the same period of 2019. 

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Armenia`s economic activity continues to decline
 Friday, November 6 2020 15:51

ArmInfo. In Armenia, economic activity in January- September 2020 continued to decline, amounting to a negative 6.6% (instead of a 6.4% decline in January-  August this year and a 7.1% growth over the same period of 2019). ...  According to the final data of the RA Statistical Committee, in  September 2020. by September 2019 economic activity decreased by  7.5%, but only in September 2020. accelerated growth to 10.6% from  7.4% in August.

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Alcohol industry in Armenia has not recovered from the first blow of  the coronavirus crisis
 Thursday, November 5 2020 17:47

ArmInfo. For 9 months of 2020, the alcohol industry in Armenia did not manage to get out of the negative trend. According to the data of the Statistical  Committee of the Republic of Armenia, during the reporting period, a  downward trend was registered for absolutely all types of alcoholic  beverages produced in Armenia.

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Production of aluminum foil is growing in Armenia
 Thursday, November 5 2020 17:24

ArmInfo. In Armenia, the production of aluminum foil in January-September 2020, increased by 13.8%, against of 3.3% growth a year earlier - up to 26 450 tons. 

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Metallurgical industry in Armenia maintains upward trend
 Thursday, November 5 2020 16:58

ArmInfo. Metallurgical industry of Armenia for 9 months of 2020 increased production by 7.5% per annum, against a 12.7% increase in the same period in 2019. In  particular, according to the Statistical Committee of the Republic of  Armenia, in January-September 2020, the production of ferromolybdenum  in Armenia decreased by 7.6% compared to the same period of the  previous year, amounting to 5,202.2 tons (against an increase of  12.9%).

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Electricity generation in Armenia increased by 1.5%
 Thursday, November 5 2020 15:01

ArmInfo. Electricity generation in Armenia in January- September 2020 amounted to 5,737 million kWh, having increased by 1.5% on y-o-y (against a decline of  2.2% a year earlier), and in September alone decreased by 3.7% up to  632.2 million kWh.

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Armenian industry slows down due to prolonged downturn in  manufacturing
 Thursday, November 5 2020 14:06

ArmInfo. For 9 months of 2020, the industrial sector of Armenia showed an increase of 1%, against growth of 9.7% in the same period of 2019. The slowdown in  the annual growth rate of the industry is due to the continuing  negative trend in the manufacturing sector.

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Armenia`s foreign trade deficit registers decline
 Monday, October 26 2020 16:37

ArmInfo. A more impressive decline in imports than exports reduced the foreign trade deficit of Armenia in January-September 2020 by 23.6% per annum (against an  increase of 0.5% a year earlier against the background of an increase  in exports and imports).

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Economic activity continues to decline in Armenia
 Monday, October 26 2020 14:22

ArmInfo. In Armenia, economic activity in January-September 2020 deepened even more into recession - up to 6.6%, against the background of rapidly decreasing volumes of  exports and imports.

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Statistical Committee of Armenia presented data on alcohol production
 Wednesday, October 7 2020 10:37

ArmInfo.  In January-August  2020, according to the data of the Statistical Committee of the  Republic of Armenia, 21.6 million liters were produced in Armenia.  cognac, which is 12% less than a year ago (against 44.5% growth a  year earlier).

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Production of aluminum foil in Armenia increased by 14%
 Tuesday, October 6 2020 17:59

ArmInfo. The production of aluminum foil in Armenia in January-August 2020 compared to the same period in 2019 increased by 14%, with a volume of 23.515 thousand  tons provided. This is evidenced by the data of the RA Statistical  Committee.

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Electricity generation in Armenia increased by 1.9% in 8 months
 Monday, October 5 2020 19:18

ArmInfo. Electricity generation in Armenia in January-August 2020 amounted to 5104.8 million kWh,  increased by 1.9% in y-o-y turns  (against the decline  by 3.5% a year earlier), and  in August  alone increased by 1.6% - up  to 656.4 million kWh.

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Y-o-y inflation was 1.4%, with a 9-month deflation of 1.4% in  Armenia`s consumer market in September
 Monday, October 5 2020 15:31

ArmInfo. In the consumer market of Armenia in January-September 2020, a deflation of 1.4% was recorded, against deflationary 2.1% in the same period of 2019. This  was triggered by a decrease in prices for food products (including  alcohol and cigarettes) by 4.1% and non-food products by 0.3%, while  tariffs for services increased by 1.3%.

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Armenia`s foreign trade deficit increased by 13% in August 2020
 Friday, September 25 2020 18:04

ArmInfo. A more impressive decline in imports compared to exports reduced Armenia's foreign trade deficit in January-August 2020 by 18% per annum. At the same  time, in August 2020 alone, the growth of this indicator accelerated  to 13% from 7% in July, against the background of a more accelerated  growth of imports than exports. And in August 2020, compared to  August 2019, the foreign trade deficit decreased by 5% as a result of  an almost equal decline in exports and imports.

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During COVID outbreak, Armenia significantly increased imports of  wheat, barley and buckwheat
 Monday, September 14 2020 20:29

ArmInfo.During the period of the state of emergency declared in the country due to the outbreak of the coronavirus pandemic, Armenia significantly increased imports of wheat, barley and buckwheat.

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Alcoholic beverages industry in Armenia is experiencing a negative  trend and difficulties with ensuring former volumes due to the COVID  crisis
 Wednesday, September 9 2020 22:59

ArmInfo.The coronavirus crisis has seriously affected the alcoholic beverages industry in Armenia - the alcohol market is experiencing a negative trend, and  restrictive measures that lasted for months make it impossible to  restore the former production and sales volumes. In particular, in  January-July 2020, the dynamics of absolutely all alcoholic beverages  produced in the country turned towards a decline, whereas a year  earlier, in the same period, a significant increase was recorded.

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In the conditions of COVID-19, the catering sector registered a  significant decline
 Wednesday, September 9 2020 17:52

ArmInfo.In Armenia, the service sector in January-July 2020 reduced volumes by 9.3% per annum - to 968.7 billion drams ($ 2 billion), against 15.2% growth a year  earlier. According to the data of the RA Statistical Committee, in  July the volume of provided services increased slightly - by 0.9%,  amounting to 139.7 billion drams ($ 288.4 million).

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Revenue of Armenian trade sector decreased by 11%
 Wednesday, September 9 2020 12:54

ArmInfo.In January-July 2020, the revenue of the trading sector of Armenia decreased by 11% (against 8.9% growth in the previous year), amounting to 1.5  trillion.  drams ($ 3.1 billion), of which 255.3 billion drams were  provided in July with a slowdown in monthly growth to 11.7% from  14.3% in June. According to the Statistical Committee of the Republic  of Armenia, such dynamics was provoked by the reversal of the  dynamics of retail and wholesale trade from growth to decline, as  well as the continuing subsidence of the purchase / sale of cars.

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Passenger traffic declines with an increase in cargo traffic
 Wednesday, September 9 2020 10:36

ArmInfo.The volume of cargo transportation in Armenia in January-July 2020 to the same period in 2019 increased by 3.4% (against 55.7% decline a year  earlier), amounting to 7745.1 thousand tons. Of these, 61.6% or  4774.4 thousand tons are accounted for by road transport with an  annual growth of only 0.2%. This is evidenced by the data of the RA  Statistical Committee.

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Telecommunications revenue of Armenia is sinking
 Wednesday, September 9 2020 10:36

ArmInfo.Revenue in the communications sector of Armenia in January-July 2020 in comparison with the same period of 2019, it sank by 4.5% (against 1.5% growth a  year earlier), amounting to 80.7 billion drams. This is evidenced by  the data of the RA Statistical Committee.

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