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
Consumption growth in Armenia amounted to 3.7%. At the same time, exports increased by 16.5%, and imports – by 10.9%, said Minister of Finance of Armenia Tigran Khachatryan in the parliament during a preliminary discussion of the implementation of the state budget for 2021. Economic growth forecasts were revised several times during the reporting year. … Read more
The economic activity index of Armenia increased 9.4% in January-April 2022 compared to the same period of the previous year, the Statistical Committee said. Industrial production volume increased 2.6% in January-April 2022 compared to January-April 2021. Construction volume increased 9%, and the increase in the trade turnover comprised 7.8% for the period of January-April 2022. … Read more
Service exports in Armenia grew in the first 4 months of 2022 due to the “flow of international visitors”, the Vice Governor of the Central Bank Hovhannes Khachatryan said at the parliamentary committee on financial-credit and budgetary affairs. Speaking about the real exports of services, Khachatryan said: “We have very direct service exports, when a … Read more
Armenia’s trade turnover from January 1 to April 20, 2022 surged by $1 billion from the same time span of 2021, Prime Minister Nikol Pashinyan said at a government meeting on Thursday. “Inflation plays a role here, but all our studies show that inflation may account for 15-20% of the growth. That is, we had … Read more
From January 1 to April 20, 2022, trade in Armenia increased by 550 billion drams (approx. US$80 million) compared to 2021. Prime Minister Nikol Pashinyan announced this at Thursday’s Cabinet meeting of the government. He admitted, however, that inflation had played a certain part in this. “But its role is not higher than 15 to … Read more
Armenia’s foreign trade turnover in the first quarter of 2022 amounted to $2.098.0 billion, which is 38.5% more than in the same time span of 2021, the National Statistical Committee (NSC) said today. It said in March 2022 compared to March 2021 the foreign trade was up 15.6%, and compared to February 2022 it was … Read more
Within the framework of his working visit to Russia, the Minister of Economy of the Republic of Armenia Vahan Kerobyan met with the Minister of Agriculture of the Russian Federation Dmitry Patrushev on April 12. As ARMENPRESS was informed from the Ministry of Economy of Armenia, during the meeting, the prospects for further development of … Read more
Armenia and Slovakia have sealed an Agreement on Economic Cooperation between the two countries, the Armenian Ministry of Economy reports. The document was signed by the Economy Minister Vahan Kerobyan and Slovakia’s Ambassador to Yerevan Miroslav Hacek on Friday, April 8. With the paper, the sides agreed to deepen ties in industry, tourism, energy, agriculture, … Read more
Despite the negative impact of external factors, the trade turnover between the countries of the Eurasian Economic Union is growing dynamically, ARMENPRESS reports Ambassador of the Republic of Kazakhstan to Armenia Bolat Imanbayev said at a round table on “Opportunities for EEU Development: Prospects after the Declaration of an Economic War against Russia by Collective … Read more