Cargo, passenger transportation in Armenia record double-digit growth

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

Armenia announces need to increase annual amount of trade with Iran to $1bn

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 grows 11.8% in six months

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

In first 5 months of 2022, about $76 million worth of goods imported to Armenia from Turkey

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

Armenia’s economic activity index grows 10.2% in five months

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

EAEU states agree to develop Eurasian transportation routes

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

Economy minister: Armenia exporters, IT sector deeply concerned about devaluation of US dollar

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