ARMENIA

In the first half of 2023, Armenia’s foreign trade turnover soared by 72.9% year-on-year to about $8.9 billion, the National Statistical Committee reported. In June 2023 alone, the foreign trade was up 7.9% from the previous month while compared to June last year it was up 21%. In January-June 2023, the foreign trade turnover in … Read more

The Armenian-Swiss trade in the first 5 months of 2023 was down 55.1% from the same time span in 2022 at $62 million, the Armenian Ministry of Economy told ARKA news agency. At the same time, the mutual turnover of goods by country of origin in this period amounted to $52.2mln, having decreased by 57.4% … Read more

The Armenian-Russian trade is very likely to surge by 60% in 2023 (as opposed to 2022), Armenian Economy Minister Vahan Kerobyan told TASS. The minister specified that last year Armenia’s trade turnover with Russia grew to $5 bln and this year there is an impressive growth of indicators. “Armenia economy is growing at double-digit rate … Read more

The trade turnover between Armenia and Poland in the first 4 months of 2023 grew by 2.5 times year-on-year to $54.3mln, Armenian Economy Minister Vahan Kerobyan said at the opening of the session of the Armenian-Polish Intergovernmental Commission for Economic Cooperation in Yerevan today. ‘The trade turnover between Armenia and Poland is increasing year by … Read more

Armenia’s foreign trade in the first 5 months of 2023 soared by 86.9% year-on-year to over $7.3 billion, the National Statistical Committee (NSC) reported. According to it, in May 2023 the foreign trade was up 2.3% from the previous month, while compared to May 2022 it was up 50.5%. In Armenian drams, the foreign trade … Read more

Eurasian Development Bank (EDB) analysts expect Armenia to retain leadership in economic growth among the Eurasian Economic Union’s (EEU) member countries in 2023, the bank said in its Telegram channel. According to the macroeconomic forecast made for the 6 EEU member countries for 2023-2025, the Armenian economy is expected to grow by 7.5% in 2023 … Read more

From January to May, 2023 the volume of cargo transported via the North-South International Transport Corridor (ITC) has increased by 54%, according to the Deputy Chairman of the Eurasian Development Bank (EDB) Denis Ilyin. Speaking at a session on transport logistics in Eurasia, held within the frames of Eurasian Congress 2023 in Russian Sochi, he … Read more

More than 5.6 million tons of various goods were transported in Armenia in the first four months of 2023, 11.7% rise compared to the same period in 2022, while the number of transported passenger surged by 26.7.7% to about 56.5 million, according to the National Statistics Committee. During the period under review, about 3.8 million … Read more

Given the high dynamics of cooperation with Iran, the entry into force of the free trade agreement between the Eurasian Economic Union (EEU) and Iran is a priority in the context of expanding trade cooperation with third countries, Armenian Prime Minister Nikol Pashinyan said at a meeting of the Supreme Eurasian Economic Council in Moscow … Read more

Armenian Deputy Foreign Minister Mnatsakan Safaryan received on Thursday EU’s international special envoy for the enforcement of EU sanctions, David O’Sullivan. The interlocutors discussed a set of issues related to cooperation between Armenia and the EU, the press service of the Armenian Foreign Ministry reported. It said the recent increase in trade turnover between Armenia … Read more