NEWS

Deputy Head of Central Bank recognizes high rates of economic growth of Armenia

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According to Deputy Chairman of the Central Bank Armen Nurbekyan, Armenian economy growth continues at high rates.
As he said, presenting the annual report on the Central Bank’s activities at a meeting of the parliamentary standing committee on financial-credit and budgetary issues today, high external demand in the services sector, as well as by growth in the construction sector, largely facilitates this process.
Nurbekyan said that a significant increase in the number of foreign clients and financial flows in 2022 made the exchange rate of the Armenian national currency strengthen significantly in both nominal and real terms.
Nurbekyan highlighted that the rise in prices of imported goods starting from Q 3 2022 was substantially restrained by the Armenian dram’s strengthening, which manifested itself in parallel with growth in external demand.
The National Statistical Committee registered an increase by 12.2% of Armenia’s economic activity in January-March 2023 compared to January-March 2022.

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Iran-UK trade jumps 71.9% in 2022

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Total trade in goods and services between the UK and Iran was £696 million in the four quarters to the end of Q4 2022, an increase of 71.9% or £291 million in current prices from the four quarters to the end of Q4 2021. Of this £696 million, total UK exports to Iran amounted to … Read more

Ukraine exports over 43.3M t of grains, pulses

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In the current marketing year (MY) (from July 1, 2022, to May 12, 2023), Ukraine exported 43.336 million tonnes of grains and pulses. According to Ukrinform, Ukraine’s Ministry of Agrarian Policy and Food reported this. It is noted that in 2022/2023 MY Ukraine exported 14.89 million tonnes of wheat, 2.523 million tonnes of barley, 17,900 … Read more

Serbia, China agree to lift air traffic restrictions

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Serbia and China have signed a memorandum to remove air traffic restrictions between the two countries, the Serbian government said. This agreement will enable the free operation of air transport between China and Serbia, without the restrictions that existed until now for both Chinese and Serbian air carriers, infrastructure minister Goran Vesic said in a … Read more

Georgian external trade up 22.9% in January-April 2023

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Georgian external trade turnover amounted to $6.49 billion in January-April 2023, posting a 21.9 percent increase year-on-year. Georgian external trade turnover amounted to $6.49 billion in January-April 2023, posting a 21.9 percent increase year-on-year, the Georgian National Statistics Office revealed on Monday. The value of exports rose by 23.5 percent and equalled $1.96 billion, while … Read more

Bucharest to host Romanian-Azerbaijani business forum

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The 7th meeting of the Joint Commission on Trade-Economic Relations and Scientific-Technical Cooperation between the Governments of Azerbaijan and Romania will be held in Bucharest by the end of May this year. According to the Azerbaijan Export and Investment Promotion Agency (AZPROMO), the Romanian-Azerbaijani business forum will be organized by the agency as part of … Read more