Armenia and Turkey are launching direct air cargo transportation. According to Anadolu News Agency, direct air cargo transportation between Armenia and Turkey is permitted from January 1, 2023. According to the sources, the decision was adopted following the negotiations between the representatives of the two countries, including the special envoys for the normalization of the … Read more
Armenia’s foreign trade in the first 11 months of 2022 soared by 67.8% from the same time span in 2021 to around $12.5 billion, the National Statistical Committee (NSC) reported. It said in November 2022 alone, the country’s foreign trade was up 74.5% when compared to November 2021, but compared to October 2022 it was … Read more
The Armenian government on December 22 decided to ban the export of some agricultural products from Armenia for 6 months, the Armenian Ministry of Economy reported in Facebook. “To ensure food security and stabilization of Armenia’s economy, goods under codes 1206 00 990 0, 1512 11 910, 1512 19 900 2 and 1512 19 900 … Read more
Armenian National Interests Fund (ANIF) said today its subsidiary “Entrepreneur + State” Investments Fund is launching a new investment project jointly with the “K&G” company. The joint project “Berrymount” company will start large-scale production of strawberries for export. The partner company “K&G” was founded in 2015 and already has two greenhouses with a total area … Read more
Armenia’s trade with the other Eurasian Economic Union (EEU) member countries amounted to more than $3 billion and increased by about 80 percent in January-September of the current year compared to the same period of 2021. Armenian Prime Minister Nikol Pashinyan announced this at Friday’s Supreme Eurasian Economic Council meeting being held in the Kyrgyz … Read more
Trade between Armenian and Iranian increased by 43.5% in the first 10 months of 2022, rising from $390 million to around $560 million in the reporting period, Armenian Deputy Economy Minister Armen Arzumanyan told reporters on Tuesday, December 6, Arka reports. Arzumanyan noted that the countries have good business cooperation and for its further development … Read more
Armenia’s economic activity index increased by 14.5% in January-October 2022 compared to January-October 2021, the Statistical Committee said. Industrial production volume increased by 9.9% in January-October 2022 compared to the same period of the previous year. Construction volume registered a 14.4% increase in the past 10 months. The increase in trade turnover comprised 15.5%. The … Read more
723 passenger cars worth $12.7 million were exported from Armenia in the first half of 2022, Armenpress reports citing the State Revenue Committee. In the same period last year, 126 passenger cars worth $1.6 million were shipped abroad from the country. The automobile market in Armenia is booming, which is connected with the sanctions against … Read more
Armenian Foreign Minister Ararat Mirzoyan, who is in Paris on a working visit, had a meeting with France’s Minister Delegate for Foreign Trade, Economic Attractiveness and French Nationals Abroad Olivier Becht, ARMENPRESS was informed from the Ministry of Foreign Affairs. The interlocutors referred to the steps necessary for deepening of the trade and economic ties … Read more
Mineral products have the biggest share in Armenia’s exports in the first 9 months of this year, whereas in the imports, that share belongs to machinery, equipment and mechanisms, the Statistical Committee said. Armenia’s exports in January-September comprised 3 billion 509 million 421.2 thousand dollars, which increased by 63.8% compared to the same period of … Read more