Cargo shipments in the first half of 2022 grew 11,2% compared to the previous year’s same period, according to data released by the Statistical Committee. Rail shipments grew 1%, automobile shipments – 12,9%, air shipments – 5,3% (includes also cargo shipments carried out by airlines of other countries), “trunk pipeline” shipments – 18,4%. In total, … Read more
Ambassador of Armenia to Iran, emphasizing the need to increase his country’s trade volume with Iran, said that efforts are made to increase Iran-Armenia annual trade volume to one billion US dollars, IRNA reported. Ambassador Arsen Avagyan in his Friday evening meeting with the governor-general of East Azarbaijan Province said that Iran’s neighboring provinces with … Read more
Armenia’s economic activity index increased by 11.8% in January-June 2022 compared to the same period of the previous year, the data released by the Statistical Committee says. The industrial production volume grew 5.8% in January-June compared to the same period of the past year. Gross domestic agricultural production volume declined by 5.5% compared to the … Read more
Over the first 5 months of the current year, goods worth about $76 million were imported from Turkey to Armenia, the Statistical Committee’s press service informed Armenian News-NEWS.am. The January imports were $7.9 million, February – $14.9 million, March – $18.2 million, April – $17.8 million and May – $17.3 million. It is noteworthy that … Read more
By the order of Georgi Avetisyan, Head of the Food Safety Inspectorate Body (FSIB) of Armenia, the ban on the import of live poultry, all types of poultry products, commercial and hatching eggs, meat and bone flour, feed, supplementary feed, polymer and cardboard tuber boxes, as well as sanitary pads from China to Armenia has … Read more
At Thursday’s Cabinet meeting, the government made a decision to apply a temporary ban on the export of a number of goods from Armenia. In particular, the export of unprocessed skin of cattle or equine animals, sheep, and lambs has been banned for six months. In the explanation of this decision, it is stated that … Read more
Armenia’s economic activity index increased by 10.2% in January-May 2022 compared to January-May 2021, the Statistical Committee said. The industrial production volume increased by 2.7%, that of construction by 11.4% in January-May 2022 compared to the same period of 2021. 8.9% increase was registered in trade turnover in the same period. The services volume recorded … Read more
The member states of the Eurasian Economic Union (EAEU) are ready to boost the activities on developing the Eurasian transportation corridors and routes, Chairman of the Board of the Eurasian Economic Commission (EEC) Mikhail Myasnikovich told reporters summing up the results of the session of the Eurasian Intergovernmental Council held in Minsk, Belarus. “A decision … Read more
Exporters and the IT sector of Armenia are very concerned about the devaluation of the US dollar. Minister of Economy Vahan Kerobyan told reporters about this after Thursday’s Cabinet meeting of the government sitting. “Monetary policy should help economic growth and help two important sectors: exporters and the IT sector. We have many concerns from … Read more
According to the decision of the Armenian government that came into force on April 16, the import of electric vehicles to the republic is duty-free. Tariff quota up to 6400 items has been set up. Previously, the customs duty rate of 15% was being applied, the State Revenue Committee said. The SRC said that there … Read more