Thursday, October 21, 2021

Economy

India plans to connect Indian Ocean with Eurasia via Armenia

India says it is planning to connect the Indian Ocean with Eurasia through Armenia, creating a North-South Corridor. “We are planning to connect the western...

Banque BEMO launches a Deposit Protection Program

Beirut, February 23, 2021: With the unbearable pressure Lebanon is facing amidst the health, social and economic crises, Banque BEMO has consistently stayed besides...

Abkhazia wants participation in opening of Russia-Armenia railway

The parliament of Abkhazia has appealed to the State Duma of Russia expressing willingness to participate under equal conditions in the project of opening...

Armenia government debt grew 8,84% in one year – official statistics

According to preliminary data, Armenia’s government debt (internal and external) as of 2020 December 31 totaled 7 billion 968 million 486 thousand US dollars...

Russia, China, Switzerland Armenia’s main foreign trade partners for 2020

 Armenia recorded highest trade turnover in 2020 with Russia, China and Switzerland, ARMEN PRESS was informed from the Statistics Committee of Armenia. Armenia’s foreign...

Armenia’s economic activity index declines 7.2% in 11 months

Armenia’s economic activity index has declined 7.2% in January-November 2020 compared to January-November 2019, the National Statistical Committee reports. Industrial production volume declined 0.2%. Construction...

Armenian Parliament approves 2021 state budget draft

The Armenian Parliament adopted the 2021 state budget draft. The draft was approved with 84 votes in favor and 14 votes against. Opposition Bright Armenia faction...

World Bank to provide new grant to Armenia’s mining sector

The Armenian government approved today the proposal to sign Armenia Mineral Sector Policy Grant II letter-agreement with the World Bank. It is stated that all...

Low economic activity and weak domestic demand will be maintained in fourth quarter, CBA says

The Central Bank of Armenia has clarified the decision of raising the refinancing rate by 1.0 percentage point. The Bank released a respective statement: “During today’s...

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