Food products, services cause of 0.8% inflation in Jan-Apr 2024 

 Friday, May 10 2024 13:19:00
Food products, services cause of 0.8% inflation in Jan-Apr 2024 

ArmInfo.In Armenia, four-month inflation of 0.8% was triggered by food and services, which rose in  price by 1.8% and 0.9%, respectively, while non-food products fell in price by 1.6%. This is not much different from last year's picture, when in January-April 2023 inflation of 0.9% came from an increase in  food prices by 1.6% and an increase in the price of services by 1.1%, with a decrease in the price of non-food goods by 1%. This is evidenced by the data of the RA Statistical Committee.

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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Armenia`s metallurgical industry accelerates growth
 Wednesday, September 9 2020 10:35

ArmInfo.Metallurgical industry of Armenia in January-July 2020 accelerated y-o-y growth from 1.2% to 13.2%.

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19.530 children were born in Armenia in the first 7 months
 Tuesday, September 8 2020 14:59

ArmInfo. In January-July 2020, the viability ratio, that is, the ratio of births to deaths, amounted to 114.0% compared to 122.7% in the same period last year, the RA Statistical Committee reports.

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Electricity production in Armenia increased by 3.4% in January-July  2020
 Monday, September 7 2020 20:41

ArmInfo.In January-July 2020, Armenia generated 4,448.4 million kWh. electricity, which is 3.4% higher than a year ago (against a decline of 5% a year earlier).  According to the data of the Statistical Committee of the Republic of  Armenia, in July alone, electricity generation increased by 16.2% -  to 646.3 million kWh.

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Processing  industry in Armenia is sinking
 Monday, September 7 2020 20:39

ArmInfo. The volume of industrial production in Armenia in January-July 2020 against the same period of 2019 increased by 1.3% (against 8.4% growth a year  earlier), amounting to 1.1 trillion. drams ($ 2.2 billion). According  to the data of the Statistical Committee of the Republic of Armenia,  the slowdown in growth is due to the subsidence of the manufacturing  industry volumes while the dynamics of the mining industry improves.

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"Armenal" confidently increasing  production of foil
 Monday, September 7 2020 20:18

ArmInfo.In Armenia, the production of aluminum foil in January-July 2020 compared to the same period in 2019 showed high growth rates - by 13.1% to 20,505 tons, against 3.5% decline a year earlier. This is evidenced by the data of  the RA Statistical Committee.  According to statistics, in July  alone, the production of aluminum foil increased by 4.7%, amounting  to 3,062 tons.

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Armenia reduced external debt to Russia for the first half of 2020 by  5.3% - to $ 378 million
 Monday, September 7 2020 20:17

ArmInfo. Armenia's foreign debt to Russia decreased in the first half of 2020 by 5.3% - to $ 378 million, but the debt increased by 20% on an annualized basis.  In the first half of the year, the external debt to Germany (KfW) was  also reduced by 2% to $ 373 million, to Japan (JICA) - by 0.5% to $  224.3 million, to the United States - by 7% to $ 15.5 million, and  the debt to France, on the contrary, it grew by 8.5% - up to $ 137.9  million. This is evidenced by the data of the RA Statistical Committee.

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Economic activity decreased by 5.7% in Armenia in Jan-July 2020
 Monday, September 7 2020 17:48

ArmInfo. In Armenia, economic activity in January-July 2020 decreased by 5.7%, and the only sectors that kept growing were the industrial sector and the energy complex. 

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In consumer market of Armenia, y-o-y inflation in Aug 2020 amounted  to 1.8%, with deflationary 1.2% in Jan-Aug
 Thursday, September 3 2020 20:33

ArmInfo. In the consumer  market of Armenia in January-August 2020, a deflation of 1.2% was  recorded, against a 2.3% deflation in the same period of 2019. This  was triggered by a decline in prices for food products (including  alcohol and cigarettes) by 3.4% and non-food products by 0.6%, while  tariffs for services increased by 1%. According to the Statistical  Committee of the Republic of Armenia, on an annualized basis  (compared to January-August 2019), the consumer market recorded  inflation of 0.8% (against inflation of 1.8% a year ago), which was  facilitated by the rise in prices for food and non-food products by  05% and 0.8%, respectively, and an increase in tariffs for services  by 1.3%. The average monthly decline in prices on the consumer market  amounted to 0.2% in January-August 2020, against 0.3% decline a year  earlier.

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In H1 2020, Armenia increased the export of aluminum foil by 3% amid  reducing the customs value
 Thursday, September 3 2020 15:32

ArmInfo. In the 1st half of 2020, 17.3 thousand tons of aluminum foil were exported from Armenia, which is 3% higher than a year ago (against 0.8% growth a year  earlier). At the same time, in monetary terms, the export of foil  showed a decline of 8.1% per annum - to $ 45.8 million.

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Armenia`s national debt grew by 14% per annum by August and almost  reached $ 8 billion
 Thursday, August 20 2020 17:01

ArmInfo. The national debt of Armenia, having increased by 8.4% in January-July 2020 (against growth by 0.9% a year earlier), exceeded the level of $ 7.9 billion (3.9 trillion AMD).

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Client base of Armenian banks increased by 8.7% by June 2020, with an  increase in accounts by 9.4%
 Friday, August 7 2020 18:45

ArmInfo.  By June 1, 2020, the  client base of Armenian banks totaled 3,016,449 individuals and  100,678 legal entities. According to the Central Bank of Armenia,  provided to ArmInfo by the Statistical Committee, a total of  3,117,127 clients had 6,075,554 accounts in Armenian banks, of which  5,853,174 were accounts of individuals and 222,380 were accounts of  legal entities.

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The service sector of Armenia in the first half of the year turned  the dynamics from growth to decline
 Friday, August 7 2020 16:09

ArmInfo.  In Armenia, in the  first half of 2020, the service sector reduced volumes by 6.4% per  annum - to 861.7 billion drams ($ 1.8 billion), against 15.3% growth  a year earlier. According to the data of the Statistical Committee of  the Republic of Armenia, in June alone, the volume of services  provided increased by 8.2%, amounting to 143.5 billion drams ($ 298.2  million).

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Revenue of Armenia`s trade sector fell by 11.1%
 Friday, August 7 2020 14:56

ArmInfo.  In the first half of  2020, the trade sector of Armenia registered decline by 11.1% (from  growth by 8.9% a year earlier), providing a volume of 1.3 trillion  drams ($ 2.6 billion). According to the RA Statistical Committee, in  June alone the trade sector provided revenue in 235.7 billion drams  ($ 489.8 million), with a monthly growth of 14.3%. This dynamic is  due to the fact that the wholesale and retail trade turned the vector  from growth to decline, while the car trade accelerated the decline.   In particular, wholesale trade in the first half of the year showed a  decrease by 8% (against growth by 12.2% a year earlier), amounting to  640 billion drams ($ 1.3 billion). In June alone, the proceeds of  wholesale trade increased by 15.2% - up to 123.3 billion drams.

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Passenger traffic in Armenia has declined by July 2020, while cargo transportation has grown
 Friday, August 7 2020 13:27

ArmInfo. The volume of cargo  transportation in Armenia in the first half of 2020 compared to the  same period last year increased by 3.4% - to 6 328.7 thousand tons,  against a decline of 57.5% a year earlier.

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Revenue in the communication sector of Armenia decreased by 4% in the first half of the year
 Friday, August 7 2020 13:27

ArmInfo. Revenue in the  communications sector of Armenia in the first half of 2020 amounted  to 68.8 billion drams, having decreased in y-o-y terms by 4%, against  growth by 1.8% a year earlier.

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In Armenia, the share of non-cash card transactions remained at the  level of 30% by July 2020
 Thursday, August 6 2020 12:27

ArmInfo. In Armenia, the share of  non-cash card transactions remained at the level of 30% in the total  volume of plastic transactions by July 1, 2020. But the y-o-y growth  in the volume of non-cash card transactions slowed down from last  year's 48% to the current 38%, amounting by the results of the first  half of this year to 351 billion drams ($ 728 million). The  preservation of the share, despite the slowdown in volumes, is due to  the activity of Internet commerce, the popularization of mobile and  web applications by banks and Armenian Card, and such effective  measures to encourage non-cash transactions as CashBack. According to  the data of the Central Bank of the Republic of Armenia, five years  earlier (H1 of 2015), the share of non-cash transactions in the total  volume of plastic transactions was 12%, and by July 1, 2019 it had  reached 24%.

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Metallurgical industry of Armenia in H1 of 2020 increased by 19.4%
 Wednesday, August 5 2020 22:24

ArmInfo. The metallurgical industry of Armenia in the H1 of 2020 showed an increase of 19.4% per annum, against a 3.7% decline in the same period of 2019. According to the RA Statistical Committee, in the H1 of the year, the  production of ferromolybdenum in Armenia increased by 11.2% per annum  (against growth by 5.4% a year earlier), amounting to 4,140.5 tons. 

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In Armenia, mortality increased by 5%, while the birth rate decreased  by 0.8%
 Wednesday, August 5 2020 18:32

ArmInfo.  In the H1 of 2020, 15 893 children were born in Armenia, which is 0.8% less than a year ago, and 2.3% compared to the same period of 2018. According to the  Statistical Committee of the Republic of Armenia, the birth rate per  1000 population decreased on an y- o-y basis from 10.9 to 10.8 ppm,  against 11 ppm two years earlier.

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Negative migration balance of Armenia decreased significantly 
 Wednesday, August 5 2020 16:06

ArmInfo. Negative migration  balance in Armenia at the end of the H1 of 2020 amounted to 1444  people, which is less than a year ago by 46.6%, and in the two-year  context, a decrease of 44.7% was recorded. This is evidenced by the  data of the RA Statistical Committee. 

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