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).

Armenian alcohol industry declines
 Friday, May 8 2020 13:53

ArmInfo. According to the results of the 1st quarter of 2020, the alcohol industry of Armenia reduced production volumes for all types of products. This is evidenced by  the data of the RA Statistical Committee.

>>>
In Armenia birth rate for  Q1 of 2020 reduced by 4.7%
 Wednesday, May 6 2020 16:17

ArmInfo. In Q1 of 2020, 7,578 babies were born in Armenia, which is by 4.7% lower than the indicator of the previous year, and by 8.7% in comparison with the same period of 2018. According to the RA Statistical Committee, the birth rate per 1000 inhabitants for the reporting year decreased from 10.9 to 10.3 ppm, compared to 11.3 two years earlier.

>>>
In Armenia negative migration balance following the results of Q1 of 2020 decreased by 19.3%
 Wednesday, May 6 2020 15:40

ArmInfo.  In Armenia negative migration balance in the Q1 of 2020 amounted to 983 people , which is less than the indicator of the previous year by 19.3%, and compared with the same period of 2018 the decline was recorded at 20.9%. This is evidenced by the data of the Statistical Committee of RA.

>>>
In Q1, 2020 growth of economic activity in Armenia slowed down from  6.5% to 4%
 Monday, April 27 2020 15:11

ArmInfo.In Armenia, economic activity in January-March 2020 compared to January-March 2019 slowed to 4%.

>>>
In 2019, the unemployment rate in Armenia decreased by 1.6%
 Monday, April 6 2020 19:04

ArmInfo. In 2019, the unemployment rate in Armenia decreased by 1.6%. So, according to the results of 2019, the average annual unemployment rate in the RA was  17.9%, compared to 20.5% in 2018 and 20.8% at the end of 2017. 

>>>
The volume of passenger traffic in Armenia in January-February 2020  decreased by 1.8%
 Monday, April 6 2020 17:54

ArmInfo.Passenger traffic in Armenia in January-February 2020 decreased by 1.8% - to 28726.1 thousand people, against a decline of 0.9% a year earlier. This is  evidenced by the data of the RA Statistical Committee. Moreover, the  deepest decline is observed in terms of air transportation - by 20.1%  to 472 thousand people. Road transport decreased by 2.8% to 24,338.2  thousand people.

>>>
YOY growth rates of Armenia`s communications sector`s revenue slowed  down in Jan-Feb 2020 
 Monday, April 6 2020 16:23

ArmInfo. Revenue of Armenia's communication sector in January- February 2020, amounted to 23.2 billion drams ($ 48.5 million), and the y-o-y growth slowed from  2.5% to 0.5%. According to the RA Statistical Committee, the lion's  share of the total revenue was provided by the telecommunications  sector - 90% or 20.9 billion drams, which was reduced by 0.6%  (compared to a 1.5% decline last year).

>>>
In Armenia, the growth in revenue of the communications sector by  February 2020 almost reached stagnation
 Thursday, March 5 2020 19:20

ArmInfo. Revenues of the communication sector of Armenia in January 2020 amounted to 11.8 billion drams, slowing y-o-y growth to 0.8% from 1.8% a year earlier.  According to the Statistical Committee of the Republic of Armenia, of  the total revenue, the lion's share was provided by the  telecommunications sector - 89.2% or 10.6 billion drams, with an  annual decline of 1.6% (against the decline of 2.5% a year earlier).

>>>
Volume of cargo transportation in Armenia in Jan 2020 increased by  5.6% per annum amid decline in passenger transportation by 1.1%
 Thursday, March 5 2020 19:02

ArmInfo. Cargo transportation in Armenia in January 2020 versus January 2019 increased by 5.6% to 951.7 thousand tons. As noted in the report of the Statistical  Committee of the Republic of Armenia, of the total volume, 51.4% or  489.7 thousand tons accounted for road transport, which decreased by  1.3% in y-o-y terms.

>>>
Trade turnover in Armenia increased in January 2020 by 10.3% per  annum
 Thursday, March 5 2020 18:55

ArmInfo. In Armenia, trade  turnover in January 2020 versus the same period of 2019 slowed down  the annual growth rate from 19.3% to 10.3%, amounting to 207.3  billion drams ($ 432.6 million).

>>>
Growth in Armenia`s service sector slows down 
 Thursday, March 5 2020 18:44

ArmInfo.  In Armenia, the service sector in January 2020 increased volumes by 13.4% per annum to 151.5 billion drams ($ 316.1 million), against the 15.6% growth a  year earlier.

>>>
In Jan 2020, Armenian metallurgical industry increased volumes by  49.3% per annum
 Thursday, March 5 2020 18:36

ArmInfo. The metallurgical industry of Armenia in January 2020 compared to January 2019 increased production by 49.3%, compared with a 5% decline a year  earlier. According to the RA Statistical Committee, in January 2020,  ferromolybdenum production increased by 15.6% compared to the same  period in 2019, amounting to 562 tons, compared to an increase of  40.9% a year earlier.

>>>
In January, aluminum foil production in Armenia registered growth
 Thursday, March 5 2020 18:24

ArmInfo. In Armenia, the production of aluminum foil in January 2020 compared to the same period in 2019 increased by 37.2% - up to 2901 tons, against the  32.9% decline a year earlier. This is evidenced by the data of the  Statistical Committee of the Republic of Armenia.

>>>
In Armenia deflation of consumer prices in February was due to  cheapening of food products 
 Thursday, March 5 2020 16:52

ArmInfo. In February 2020, the consumer market of Armenia recorded a deflation of 0.2% with a y-o-y deflation of 0.5%, against inflation of 0.6% in February 2019 and  y-o-y inflation of 1.9%. As the RA Statistical Committee reported to  ArmInfo,  in Yerevan in February 2020  consumer prices decreased by  0.1%, compared to an increase of 0.7% in February 2019.

>>>
Electricity generation increased by 18.7% per annum in Armenia in  January 2020
 Thursday, March 5 2020 16:39

ArmInfo. In Armenia in January 2020 electricity generation  amounted to 726.3 million kWh, with a y-o-y growth of 18.7%, against a decline of 26.3% a year earlier.

>>>
In January 2020 in Armenia industrial sector`s volume increased by  13.4% per annum 
 Thursday, March 5 2020 16:33

ArmInfo. In Armenia in January 2020The volume of industrial production increased by 13.4% compared to the same period in 2019 (against the decline by 0.6% a year  earlier), amounting to 144.15 billion drams ($ 300.8 million).  According to the RA Statistical Committee, the growth of the  industrial sector is due to the reversal of the trend of the mining  sector from downward to upward and accelerating the growth of the  manufacturing industry.

>>>
Armenia is ahead of Azerbaijan in index of most peace-loving  countries
 Monday, March 2 2020 17:28

ArmInfo. Peaceful relations between the state and the rest of the world have a significant and important role in the development of the economy. This year, the  thirteenth edition of the Global Peace Index was released, in which  163 independent states were ranked according to their degree of  peacefulness.

>>>
Armenia`s services sector increased volumes by 15% - up to $ 4.3  billion for 2019
 Thursday, February 20 2020 14:50

ArmInfo. In Armenia, in 2019 the service sector increased volumes by 15%, exceeding 2  trillion drams ($ 4.3 billion), against 18.8% growth a year earlier.  In December alone, the services sector provided growth of 21% - up to  241.8 billion drams ($ 449.2 million).

>>>
In 2019 turnover of Armenian trade sector amounted to $ 6.7 billion 
 Thursday, February 20 2020 14:49

ArmInfo. In 2019 the turnover of the Armenian trade sector increased by 8.9% per annum  (against 8.7% growth in 2018), amounting to 3.2 trillion drams ($ 6.7  billion). In December 2019 alone, the trade turnover in Armenia  increased by 27.7% to 386.9 billion drams ($ 809 million).

>>>
Armenian budget deficit decreased by 39.3% in 2019
 Monday, February 17 2020 13:33

ArmInfo. The budget deficit of Armenia in January-December 2019 amounted to 63.9 billion drams ($ 133.1 million), decreasing by 39.3% year on year, against the 60.5%  decline in 2018. According to the RA Statistical Committee, the  budget revenues of Armenia accelerated the y-o-y growth rate from  8.4% to 16.3%, while expenditures unfolded from a 3.8% decline to a  12.2% increase, amounting to 1,559.1 billion and 1,623.1, billion  drams respectively.

>>>

News
The Power of One Dram to the Road of Life Charitable OrganizationThe Power of One Dram to the Road of Life Charitable Organization
Ardshinbank CJSC has announced about the launch of a new  refinancing business loanArdshinbank CJSC has announced about the launch of a new refinancing business loan
EAEU agreement on mutual recognition of documents on academic degreesEAEU agreement on mutual recognition of documents on academic degrees
Intellectual property protection of key importance for economic  development and investment environment - premier Intellectual property protection of key importance for economic  development and investment environment - premier 
Armenia`s gross international reserves $3.3bln by end of 1st quarter  2024Armenia`s gross international reserves $3.3bln by end of 1st quarter  2024
Government approves ratification of agreement on determining origin  of goods exported from EAEUGovernment approves ratification of agreement on determining origin  of goods exported from EAEU
FLYONE ARMENIA launches Yerevan-Nice-Yerevan flights FLYONE ARMENIA launches Yerevan-Nice-Yerevan flights 
Armenia requests WB to extend Armenia Extractive Industries Transparency Initiative Support programArmenia requests WB to extend Armenia Extractive Industries Transparency Initiative Support program
Team becomes TUMO`s main technology partner Team becomes TUMO`s main technology partner 
Armenia to allocate over $6 million to host EBRD Annual MeetingArmenia to allocate over $6 million to host EBRD Annual Meeting
Turnover tax doubled in Armenia Turnover tax doubled in Armenia 
Budget programme performance mechanism to be introduced in Armenia Budget programme performance mechanism to be introduced in Armenia 
Expert: Stimulating employment is critical in fight against poverty  in ArmeniaExpert: Stimulating employment is critical in fight against poverty  in Armenia
Armenian market participants` expectations indicate gradual reduction  of refinancing rate until end of current yearArmenian market participants` expectations indicate gradual reduction  of refinancing rate until end of current year
Scientists and economists discuss deepening financial integration in  EAEU at International Conference at RAUScientists and economists discuss deepening financial integration in  EAEU at International Conference at RAU
Renshin to build World Trade Center in YerevanRenshin to build World Trade Center in Yerevan
Armenia`s MIA, ADB discuss disaster risk management engagement  opportunitiesArmenia`s MIA, ADB discuss disaster risk management engagement  opportunities
Acba Bank to start public placement of its next USD, AMD bonds on May  2Acba Bank to start public placement of its next USD, AMD bonds on May  2
Martin Galstyan points out lending activity in Armenia`s banking  system Martin Galstyan points out lending activity in Armenia`s banking  system 
Central Bank Governor: external demand is more restrained than last  yearCentral Bank Governor: external demand is more restrained than last  year
WB approves $116 million for Armenia in support of green, inclusive  and sustainable developmentWB approves $116 million for Armenia in support of green, inclusive  and sustainable development
CBA further reduces refinancing rate to 8.25% from 8.5% CBA further reduces refinancing rate to 8.25% from 8.5% 
Idram and IDBank at Career City FestIdram and IDBank at Career City Fest
Deputy premier: WB is not only donor organization, but also important  partner for ArmeniaDeputy premier: WB is not only donor organization, but also important  partner for Armenia
Cadastre: apartments have risen in price by 12.9% over year in  Yerevan, with purchasesale transactions increasing by 39.8%Cadastre: apartments have risen in price by 12.9% over year in  Yerevan, with purchasesale transactions increasing by 39.8%
Over 10 cases initiated against biometric personal data processorsOver 10 cases initiated against biometric personal data processors
IT companies increased tax payments to state budget by 3.5%IT companies increased tax payments to state budget by 3.5%
High-Tech Minister visits Digitain,  one of leading Armenian  companies in iGaming High-Tech Minister visits Digitain,  one of leading Armenian  companies in iGaming 
Moscow reacts to gas overtures between Yerevan and Baku Moscow reacts to gas overtures between Yerevan and Baku 
Abgar Budaghyan: In 2040-2050, Armenia will be able to independently  meet its energy demand through NPP and renewable energy sourcesAbgar Budaghyan: In 2040-2050, Armenia will be able to independently  meet its energy demand through NPP and renewable energy sources
Expert: Armenia`s energy independence level  is about 27%Expert: Armenia`s energy independence level  is about 27%
Converse Bank bonds were bought in primary market within daysConverse Bank bonds were bought in primary market within days
ACBA Bank tops list of large taxpayers among Armenian banks in Q1  2024ACBA Bank tops list of large taxpayers among Armenian banks in Q1  2024
Armenia`s government plans introducing SAFE format Armenia`s government plans introducing SAFE format 
Armenia`s Civil Aviation Committee to render paid servicesArmenia`s Civil Aviation Committee to render paid services
New regulations for fulfillment of tax obligations of organizers  engaged in gaming activitiesNew regulations for fulfillment of tax obligations of organizers  engaged in gaming activities
New tax reporting mechanism to be introduced in Armenia New tax reporting mechanism to be introduced in Armenia 
RA government to return to initial route of laying Armenia-Georgia  power line with construction of electrical substation near Ddmashen  village RA government to return to initial route of laying Armenia-Georgia  power line with construction of electrical substation near Ddmashen  village 
Yerevan ready to discuss purchase of Azerbaijani gas with Baku -  SimonyanYerevan ready to discuss purchase of Azerbaijani gas with Baku -  Simonyan
Taxable jobs 5% up in Armenia Taxable jobs 5% up in Armenia 
Binance and Binance Academy announce large-scale online educational  project Binance and Binance Academy announce large-scale online educational  project "Crypto School"
ArmSwissBank Brings Apple Pay to CustomersArmSwissBank Brings Apple Pay to Customers
Armenia participates in 80th session of UNESCAPArmenia participates in 80th session of UNESCAP
34th session of FAO Regional Conference will take place on May 14-17,  202434th session of FAO Regional Conference will take place on May 14-17,  2024
Armenian Economy Minister offers Japanese side to expand cooperation  in agriculture and water resources managementArmenian Economy Minister offers Japanese side to expand cooperation  in agriculture and water resources management
Vassilis Maragos assures: All efforts to be made for further EU  assistance to Armenian NPP Vassilis Maragos assures: All efforts to be made for further EU  assistance to Armenian NPP 
Armenia to study Lithuania`s experience in energy sectorArmenia to study Lithuania`s experience in energy sector
Armenian banks` profit increased by 18.8% per annum in Q1 2024 thanks  to similar growth in loan portfolioArmenian banks` profit increased by 18.8% per annum in Q1 2024 thanks  to similar growth in loan portfolio
Caring for nature, we have started with ourselves - Team Telecom ArmeniaCaring for nature, we have started with ourselves - Team Telecom Armenia
Delegation of Armenia`s Ministry of Finance hold important meetings  in Washington Delegation of Armenia`s Ministry of Finance hold important meetings  in Washington 
Monitoring of effectiveness of budget programmes to be conducted in  Armenia Monitoring of effectiveness of budget programmes to be conducted in  Armenia 
Up to 10% cashback from GetTransfer with IDBank cardsUp to 10% cashback from GetTransfer with IDBank cards
South Africa expresses interest in developing cooperation with  Armenia in jewelry and cutting industry South Africa expresses interest in developing cooperation with  Armenia in jewelry and cutting industry 
Armenia, UAE discuss possibilities of increasing mutual trade volumesArmenia, UAE discuss possibilities of increasing mutual trade volumes
Yerevan is trying to demonstrate to its Anglo-Saxon `bosses` its  readiness to reduce economic cooperation with Iran - political  scientistYerevan is trying to demonstrate to its Anglo-Saxon `bosses` its  readiness to reduce economic cooperation with Iran - political  scientist
KfW stands ready to support Armenian government  in implementation of  new projectsKfW stands ready to support Armenian government  in implementation of  new projects
Cooperation with German Fichtner company discussed Cooperation with German Fichtner company discussed 
Armenia, China can record much greater results both in economic and  political dialogue and cultural cooperation - MPArmenia, China can record much greater results both in economic and  political dialogue and cultural cooperation - MP
U.S. capital important for Armenia`s mining industryU.S. capital important for Armenia`s mining industry
Expert: When there is no trust between private and public sectors,  unfortunately, there is no need to talk about right decisionsExpert: When there is no trust between private and public sectors,  unfortunately, there is no need to talk about right decisions
Read more


Exchange rates
03.05.2024
RUB4.230.01
USD387.32-0.31
EUR416.101.18
GBP486.401.36
CAD283.521.05
JPY25.300.30
CNY53.49-0.04
CHF426.851.63