Exports from Armenia to Russia decreased by almost 30 percent in March—and this is worrying. The minister of economy, Vahan Kerobyan, stated about this during Thursday’s press briefings at the government of Armenia. He added, however, that there is growth in the other sectors, and the overall situation with exports is also positive—as this growth … Read more
The Council of the Eurasian Economic Commission (EEC) made a decision to exempt food products and goods used in their production from import customs duty for six months. The decision concerns, in particular, animal and dairy products, vegetables, sunflower seeds, juices, sugars, cocoa powder, amino acids, starches, and other food products. Goods for production and … Read more
Around 450 to 600 cars from Armenia have accumulated at the Upper Lars checkpoint on the Russia-Georgia border. Armenia’s customs attaché at Upper Lars, Aram Tananyan, told about this to Armenian News-NEWS.am on Monday morning. He informed that this checkpoint has been closed since March 9, and assured that the reason is solely the adverse … Read more
Iranian Minister of Industry, Mine and Trade Reza Fatemi Amin hails his visit to Armenia as constructive, saying Tehran and Yerevan agreed on launching joint ventures, the Embassy of Iran in Armenia said in a news release. “We have clinched new agreements with Armenian officials on joint production of pharmaceutical products and home appliances based … Read more
Additional factors, including political, have not yet affected the flow of vehicles heading to the Upper Lars checkpoint on the Russia-Georgia border. Armenia’s customs attaché in Upper Lars, Aram Tananyan, told about this to Armenian News-NEWS.am Monday. He expressed hope that the above-mentioned events will not have a serious impact on the operations at this … Read more
Due to the inaccessibility of the road [because of the fact that some sections of the Goris-Kapan motorway have been handed over to Azerbaijan], the expected growth rates of trade between Armenia and Iran were not achieved. The Minister of Economy of Armenia, Vahan Kerobyan, stated this at a press briefing Wednesday He said that … Read more
Chairman of the State Revenue Committee of Armenia Rustam Badasyan welcomed the delegation led by Head of the Revenue Service of Georgia Levan Kakava at the Bagratashen customs checkpoint. Mr. Kakava arrived in Armenia on a working visit, the SRC said in a press release. Rustam Badasyan and Levan Kakava toured the checkpoint, got acquainted … Read more
Armenia, Azerbaijan and Russia are closing in on the opening of transport communications in South Caucasus, according to Prime Minister Nikol Pashinyan. The Prime Minister told a Cabinet meeting on Thursday, February 3 that the first tangible result of a special working group engaged in the matter will emerge soon. The Deputy PMs of Armenia, … Read more
Export from Armenia exceeded $3 billion in 2021 growing by 19.1% year-on-year, the National Statistical Committee reports. In the reporting period, the volume of foreign trade turnover in the country amounted to $8.38 billion, up by 17.7% against 2020. Imports for the reporting period totaled $5.35 billion, registering a y/y increase of 16.9%. In December … Read more
French Development Agency and the French government may provide support for railway projects to be implemented in Armenia. Francois-Henri Cloarec, head of the Economic Department at the Embassy of France in Armenia and Georgia, made the remarks at a meeting with Armenia’s Deputy Minister of Territorial Administration and Infrastructure Armen Simonyan on Wednesday, January 27. … Read more