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).

Imports of oil products to Armenia grew by 3.7% in the first half of  2021
 Thursday, September 9 2021 18:36

ArmInfo. Imports of oil products to Armenia in quantitative terms increased in the first half of 2021 by 3.7% per annum - up to 229.2 thousand tons (against an  increase of 53.3% a year earlier). At the same time, the customs  value increased by 31.3% - up to $ 150.1 million, as evidenced by the  data of the Armenian Customs Service.  

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Armenia continues to reduce imports and exports of passenger cars
 Thursday, September 9 2021 18:35

ArmInfo.In the first half of 2021 Armenia reduced car imports by 83.7%, against a more significant decline a year earlier - 2-fold. Thus, according to the  data of the Customs Service, 2.9 thousand units of passenger cars  were imported into the country during the reporting period, the  customs value of which decreased by 10.3% in y-o-y terms- to $ 37.2  million.

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Diamond exports from Armenia have increased several-fold
 Thursday, September 9 2021 13:12

ArmInfo. In H1 2021, the volume of polished diamond exports from Armenia increased 5.5-fold (against a 32.2% decline a year earlier), amounting to 530.3 thousand  carats. According to the RA Customs Service, while the customs value  increased 2.1-fold, amounting to $ 36.5 million.

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YOY inflation in Armenia reaches 8.8% in August 2021
 Wednesday, September 8 2021 20:12

ArmInfo. In Jan-Aug 2021, inflation at 3.7% was recorded in the consumer market of Armenia, against 1.2% deflation in the same period of 2020. This was provoked  by a rise in prices for food products (including alcohol and  cigarettes) by 4.9% and non-food products by 5.2%, while tariffs for  services increased by 1.2%.

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Exports grow faster than imports in Armenia`s foreign trade with the  EU countries- 41% versus 11%
 Wednesday, September 8 2021 15:39

ArmInfo.Armenia's foreign trade turnover with the EU countries in Jan- July 2021 reached 21.8% growth (from a 21.9% decline a year earlier), amounting to $ 853.5  million. The negative balance of Armenia's foreign trade with the EU  countries amounted to $ 142.8 million, with an annual decline of  27.4% (against a 13.7% decline in the same period in 2020).

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Armenia`s foreign trade turnover with EAEU countries reaches  double-digit growth
 Wednesday, September 8 2021 14:37

ArmInfo.Armenia's foreign trade turnover with the EAEU countries in January-July 2021 compared to the same period of 2020 reached 17.5% growth (from a 2.6% decline  a year earlier), amounting to $ 1.4 billion, as evidenced by the  final data of the Statistical Committee of RA.

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Armenia slightly reduced the export of aluminum foil in H1, 2021
 Wednesday, September 8 2021 14:33

ArmInfo. In H1 2021, Armenia exported 17.1 thousand tons of aluminum foil, which is 0.7% less than a year ago (against 3% growth a year earlier). However, in  monetary terms, the export of foil showed an increase of 19.7% per  annum - up to $ 54.8 million.

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Armenian service sector tries to restore growth rates
 Tuesday, September 7 2021 21:18

ArmInfo.In Armenia, the service sector in January-July 2021 accelerated y-o-y growth to 4.5% (from 0.7% a year earlier), with a volume of more than 1 trillion  drams ($ 1.9 billion). This is evidenced by the data of the  Statistical Committee of the Republic of Armenia, according to which  in July alone the volume of services provided increased by 3.1% to  163.8 billion drams ($ 333.8 million).

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Revenue of Armenia`s trade sector increased by 7.5% to $ 3.4 billion  in 7 months
 Tuesday, September 7 2021 18:02

ArmInfo.The revenue of the trade sector of Armenia in January-July 2021 increased by 7.5% per annum (against an 11% decline a year earlier), reaching 1.7 trillion  drams ($ 3.4 billion). This is evidenced by the data of the  Statistical Committee of the Republic of Armenia, according to which,  in July alone, the revenue of the trade sector increased by 6.5% to  300.5 billion drams ($ 612.2 million).

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Passenger traffic increased by 26.6% in 7 months in Armenia
 Tuesday, September 7 2021 12:55

ArmInfo. The volume of cargo transportation in Armenia in January-July 2021 accelerated the y-o-y growth to 15.5% (from 3.4% a year earlier), amounting to  8,946.2 thousand tons. Of these, 67.8% or 6,073.1 thousand tons are  accounted for by road transport with a y-o-y growth of 27.2%.

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Russia and China are leaders among Armenia`s foreign trade partners
 Tuesday, September 7 2021 12:54

ArmInfo. Russia and China remain the main foreign trade partners of Armenia. According to the final data of the Statistical Committee of the Republic of Armenia,  the leadership in Armenia's foreign trade turnover is held by Russia  with a volume of $ 1.3 billion in January-July 2021, with the change  of the y-o-y dynamics from 3.3% decline to 18.4% growth.

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In Jan-July 2021, Armenia`s foreign trade turnover increased by 15.1%  per annum
 Tuesday, September 7 2021 11:43

ArmInfo.Armenia's foreign trade turnover in January-July 2021 amounted to $ 4.3 billion, with an improvement in y-o-y dynamics to 15.1% growth (from an 11.3%  decline a year earlier).

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In Jan-July 2021,  revenue of communications sector of Armenia  increased by 5.1% per annum
 Tuesday, September 7 2021 11:38

ArmInfo. Revenue in the communications sector of Armenia in January-July 2021 in comparison with the same period of 2020,  grew by 5.1% (against 4.5% decline a  year earlier), amounting to 83.6 billion drams. This is evidenced by  the data of the RA Statistical Committee.

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Metallurgical industry of Armenia increased production volumes by  22.9% in Jan-July 2021
 Monday, September 6 2021 18:48

ArmInfo. Metallurgical industry of Armenia in January-July 2021 increased production volumes by 22.9% (against growth by 13.2% a year earlier). This is evidenced  by the data of the RA Statistical Committee.

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Solar Power plants provide significant generation growth in Armenia
 Monday, September 6 2021 17:52

ArmInfo.In January-July 2021, Armenia generated 4,454.1 million kWh.  electricity, which is higher than a year ago by 0.1% (against growth by 3.4% a year  earlier). According to the Statistical Committee of the Republic of  Armenia, in July alone, electricity generation increased by 23.5% -  up to 632.1 million kWh.

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Production of aluminum foil in Armenia decreased by 4% per annum in 7  months
 Monday, September 6 2021 17:51

ArmInfo.In Armenia, the production of aluminum foil in January-July 2021 compared to the same period in 2020 decreased by 4% (against 13.1% growth a year earlier),  amounting to 19.688 thousand tons.  This is evidenced by the data of  the RA Statistical Committee.

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In Armenia, economic activity increased by 5.3% in 7 months of 2021
 Monday, September 6 2021 17:48

ArmInfo. In Armenia, economic activity in January-July 2021 increased by 5.3% per annum (against a 5.7% decline a year earlier), accompanied by an accelerated growth in  exports and imports. In July of this year by July 2020, economic  activity increased by 6.2% (against a decline of 10.2% a year  earlier), while in July 2021 alone it slowed down to 7.5% from June  12%, which was also observed in July 2020 - to 9.4% from 14.8% in  June.

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Armenia`s industrial sector is growing very slowly
 Monday, September 6 2021 17:47

ArmInfo.The volume of industrial production in Armenia in January- July 2021 accelerated the annual growth to 2.1% (from 1.3% a year earlier), exceeding 1.2  trillion drams ($ 2.3 billion). According to the Statistical  Committee of the Republic of Armenia, such a slight acceleration in  the growth of industrial production was due to a significant slowdown  in the growth of the mining industry, with a continuing downward  trend in the volume of the manufacturing industry.

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During Jan-July 2021, economic activity increased by 5.2% in Armenia
 Thursday, August 26 2021 16:03

ArmInfo. Economic activity in  Armenia in January-July 2021, increased by 5.2% per annum (against a  5.7% decline a year earlier), accompanied by an accelerated growth in  exports and imports. In July of this year, by July 2020, economic  activity increased by 5.8% (against a decline of 10.2% a year  earlier), while in July 2021 alone it slowed down growth to 7.4% from  June 12%, which was also observed in July 2020 - to 9.4% from 14.8%  in June.

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As of June 2021, client base of Armenian banks increased by 6.5%,  with increase in accounts by 6.6%
 Wednesday, August 11 2021 18:51

ArmInfo. The client base of Armenian banks totaled 3,213,572 individuals and 108,418 legal entities as of June 2021. This is evidenced by the data of the  Central Bank, published in the report of the RA Statistical  Committee.

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