Armenian service sector generated revenue of $1.2 billion in first two months Monday, April 8 2024 16:56:00
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 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). |
Friday, August 18 2023 16:20
ArmInfo.In 2022, Armenia increased natural gas imports by 6.4% - up to 2,965,818.1 cubic meters, while the customs value of imported natural gas increased by 9.6%, amounting to $504.8 million. This is evidenced by the data of the RA Customs Service, according to which Armenia traditionally imports natural gas from Russia (87.7%) and Iran (12.1%). >>> |
Thursday, August 17 2023 18:04
ArmInfo.The import of oil products to Armenia in 2022 increased by 6.8% per annum, slightly exceeding 519 thousand tons. The customs value increased by 54.3% - up to $574.2 million, according to the data of the Customs Service of Armenia. >>> |
Friday, August 11 2023 12:40
ArmInfo. Food prices are falling, while prices for services are rising in Armenia. Specifically, the prices for potatoes, butter and fats, port, noodles, showed are markedly lower now, with a serious rise recorded in prices for rail transportation of cars, legal and accounting services, air transportation of passengers, financial services, renting, medical advice, recreation, integrated services. >>> |
Wednesday, August 9 2023 12:18
ArmInfo. In the first half of 2023, 303,225 citizens of the Republic of Armenia (27% of the total number of migrants) returned to Armenia from abroad, and their number has been significantly increasing for the second year in a row: in 2022 by 56% and now by 42%. At the same time, during the reporting period, 319,442 citizens of the Republic of Armenia (29.1% of the total number of migrants) left the country, with an annual increase of 25% (against an increase of 19.1% in the same period in 2022). >>> |
Tuesday, August 8 2023 22:17
ArmInfo. The metallurgy industry of Armenia lingered in the decline with an acceleration to 17.2% in H1 2023 from 7% a year earlier. This is evidenced by the data of the RA Statistical Committee. >>> |
Friday, July 7 2023 17:37
ArmInfo. In Armenia, the services sector is showing double-digit growth, but already with a slowdown, due to a subsidence in the volume of services provided in the real estate market and slowing growth in services in other areas of activity. This is evidenced by the data of the RA Statistical Committee, according to which the service sector in Jan-May 2023, slowed y-o-y growth from 24.9% to 19.9%, providing revenue of 1.170 trillion drams ($2.9 billion), while in May revenues grew by 1.1% - up to 251.3 billion drams ($650.2 million). >>> |
Friday, July 7 2023 17:05
ArmInfo. Armenia significantly increased the volume of foreign trade with many EU countries - with, Germany, France, Austria, Greece, Denmark, Finland, Poland, Slovakia (2- 3.7-fold), rapidly increasing foreign trade turnover in the direction of the USA, UAE, Japan, Great Britain and Canada (2.2-5.8-fold). This is evidenced by the data of the RA Statistical Committee for January-May 2023. >>> |
Friday, July 7 2023 16:29
ArmInfo. Armenian trade sector in Jan-May 2023 accelerated the y- o-y growth rate from 8.9% to 24.5%, providing a volume of 1.8 trillion drams ($4.7 billion). According to the data of the RA Statistical Committee, in May of this year alone, trade turnover in Armenia grew by 9.6% - up to 428.5 billion drams ($1.1 billion). The improvement in dynamics is due to the acceleration of growth rates in all types of trade. >>> |
Friday, July 7 2023 16:06
ArmInfo. In H1 2023, 1 million tourists visited Armenia, which is almost 2-fold higher than a year ago. The Tourism Committee of Armenia reports on its Facebook page. >>> |
Friday, July 7 2023 15:53
ArmInfo. Armenia's communications sector revenue slowed down y-o-y growth to 4.5% in January-May 2023 (from 5.4% a year earlier), amounting to 64 billion drams. This is evidenced by the data of the RA Statistical Committee, according to which a similar slowdown iny-o-y growth from 5.8% to 4.5% was demonstrated by the dominant telecommunications sector (91.6%), with revenues of 58.7 billion drams. >>> |
Friday, July 7 2023 15:34
ArmInfo. January-May 2023 the volume of cargo transportation in Armenia increased by 10.1% per annum (against 12% in the same period in 2022), amounting to 7,301.5 thousand tons. This is evidenced by the data of the RA Statistical Committee. >>> |
Friday, July 7 2023 13:13
ArmInfo. Electricity generation in Armenia began to decline, changing the y-o-y dynamics from 13.1% growth to 3.1% decline in Jan-May 2023, amounting to 3,630.3 million kWh. And in May alone, electricity generation decreased by 5.1%, amounting to 590.9 million kWh. This is evidenced by the data of the RA Statistical Committee. >>> |
Friday, July 7 2023 12:16
ArmInfo. Armenia's national debt exceeded $11bln by this June - a 15% year-on-year increase due to an increased domestic debt and decreased foreign debt. Specifically, Armenia's domestic debt showed a 51% year-on-year increase, exceeding $4.6, with the foreign debt showing a 1.5% decrease, totaling $6.4bln. >>> |
Thursday, July 6 2023 20:10
ArmInfo. The unemployment rate in Armenia in Q1 2023 increased from 12.7% to 13.7%, but compared to the bar a year ago, it turned out to be lower (14.8% in Q1 2022). This is evidenced by the data of the RA Statistical Committee. >>> |
Thursday, July 6 2023 18:18
ArmInfo. June's 0.5% deflation in Armenia was caused by a 4.1% decrease in food prices, an almost identical increase in service tariffs by 3.9% and a slight increase in non- food prices by 0.3%. The most noticeable fall in food prices was for vegetable oil - by 39.2%, vegetables - by 28.1%, buckwheat - by 23.1%, lentils - by 20.7%, flour - by 16.3%, peas - by 12.6%, margarine - by 10.6%, pork - by 10.1%, in parallel with which the prices of eggs have risen significantly - by 21.7% and beef - by 9%. This is evidenced by the data of the RA Statistical Committee, according to which, a year ago in June, 10.3% inflation was recorded due to the increase in the prices of food and non-food products by 16.1-7.5% and the increase in service tariffs by 5.3%. >>> |
Thursday, July 6 2023 15:36
ArmInfo. >>> |
Tuesday, July 4 2023 14:43
ArmInfo. In Yerevan, apartment prices in May 2023 increased by 7.7% per annum to 416.7 thousand AMD/ 1 sq.m. At the same time, transactions with the purchase and sale of apartments in the capital decreased by 35.7% year-on-year to 702. This is evidenced by the data of the RA State Committee for Real Estate Cadastre. >>> |
Monday, June 26 2023 13:46
ArmInfo. A 12.5% increase in economic activity was recorded in Armenia this January-May as compared with last January-May, with high growth in exports and imports. A 13.7% increase in economic activity was recorded this May against last May, with a 7.7% increase this May alone (against a 6.1% growth last May and a 3.4% growth this April. >>> |
Monday, May 8 2023 15:03
ArmInfo. In Armenia, the specific debt burden per capita continues to grow at a double-digit pace (16%), reaching $3.7 thousand by April 1, 2023 from $3.2 thousand a year earlier, with growth accelerating from 10.3% to 16%. >>> |
Monday, April 10 2023 19:17
ArmInfo.The Ministry of Economy of Armenia is considering the possibility of creating a regulatory framework for option agreements. This became known following the meeting of the SME sub-council chaired by Minister of Economy Vahan Kerobyan. >>> |
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