Armenian service sector generated revenue of $1.2 billion in first  two months

 Monday, April 8 2024 16:56:00
Armenian service sector generated revenue of $1.2 billion in first  two months

ArmInfo.Service sector of Armenia provided revenue in the amount of 473.1 billion drams in Jan-Feb 2024 ($1.2 billion), slowing down in y-o-y growth from 23.5% to 5.2%. This is evidenced by data from the RA Statistical Committee, according to which in February alone, the service sector showed a decline of 0.3% - to 236.2 billion drams ($584.2 million).

Trade sector in Armenia is heading towards recovery to pre-COVID  growth rates
 Saturday, July 10 2021 10:46

ArmInfo.In January-May 2021, the trade sector of Armenia with a volume of 1.187 trillion drams ($ 2.2 billion), grew by 7.4% per annum (from a 10.8% decline a year  earlier), slightly falling short of 9.4% growth in the same period of  2019. According to the Statistical Committee of the Republic of  Armenia, the upward trend is due to the growth in retail and  wholesale trade, in parallel with which there is a noticeable  slowdown in the decline in car trade.

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Revenue of service sector in Armenia grew by only 0.9% in 5 months
 Saturday, July 10 2021 10:45

ArmInfo.In January-May 2021, the revenue of the service sector in Armenia grew only by 0.9% (from a 4.2% decline a year earlier), amounting to 703.1 billion drams ($  1.3 billion). According to the Statistics Committee,  for May  2021alone, the volume of services provided increased by 3.4%,  amounting to 152.1 billion drams ($ 291.7 million).

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The client base of Armenian banks increased by 7.4% by May 2021
 Saturday, July 10 2021 10:44

ArmInfo.The client base of banks in Armenia totaled 3.212.853 individuals and 107.351 legal entities by May 2021. This is evidenced by the data of the Central  Bank published in the report of the RA Statistical Committee.

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Armenia`s foreign trade turnover with EU countries reaches  double-digit growth
 Thursday, July 8 2021 14:14

ArmInfo. Armenia's foreign trade turnover with the EU countries in January-May 2021 reached 16.6% growth (from a 19.8% decline a year earlier), amounting to $ 573.2  million.

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Armenia`s foreign trade turnover with EAEU countries grew by 11.1%  per annum in January-May 2021
 Thursday, July 8 2021 11:13

ArmInfoArmenia's foreign trade turnover with the EAEU countries in January-May 2021 compared to the same period of 2020 increased by 11.1% (against 3.2% growth a year  earlier), amounting to $ 909.2 million, as evidenced by the final  data of the RA Statistical Committee.

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Russia and China remain Armenia`s main foreign trade partners
 Wednesday, July 7 2021 17:28

ArmInfo. Russia and China remain the main foreign trade partners of Armenia.

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Growth rates of electricity generation have slowed down in Armenia 
 Wednesday, July 7 2021 17:17

ArmInfo.In Armenia, in January-May 2021, electricity generation amounted to 3310.3 million kWh, with a slowdown in y-o-y growth from 8.3% to 2%. And over the month alone,  it slightly slowed down the decline from April 13% to May 12.9%,  amounting to 557.3 million kWh.  This is evidenced by the data of the  RA Statistical Committee.  According to statistics, in January-May  2021, compared to the same period in 2020, electricity generation 

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Aluminum foil production volume in Armenia resumed growth in May
 Wednesday, July 7 2021 17:16

ArmInfo. In January-May 2021, aluminum foil production decreased by 3% per annum (against 12.9% growth a year earlier), amounting to 14.087 thousand tons. This is  evidenced by the data of the RA Statistical Committee.

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Armenia`s foreign trade turnover increased in January-May 2021 by  11.6% per annum
 Wednesday, July 7 2021 17:15

ArmInfo.Armenia's foreign trade turnover in January-May 2021 amounted to $ 2.9 billion, with an improvement in y-o-y dynamics to 11.6% growth (from an 11.2% decline  a year earlier). Moreover, higher growth was shown by exports (20.8%)  than imports (6.7%), with a trend reversal from the downward 8.1% and  12.8%, respectively, a year earlier. According to the final data of  the Statistical Committee of the Republic of Armenia, the volume of  exports reached $ 1.1 billion, and imports reached $ 1.8 billion.

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By June 2021, metallurgical industry of Armenia has increased  production volumes by 17% per annum
 Wednesday, July 7 2021 17:11

ArmInfo.The metallurgical industry of Armenia slowed down the y-o-y production growth in January-May 2021 to 17% from 24.4% in the same period of 2020. This is evidenced  by the data of the RA Statistical Committee.

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Manufacturing industry in Armenia is attempting to grow
 Wednesday, July 7 2021 17:07

ArmInfo.The volume of industrial production in Armenia in January- May 2021, against the same period a year ago, slightly slowed down the y-o-y growth rate - from 2.4% to  2.3%, which was due to a slowdown in the growth of the mining  industry and a slowdown in the decline in manufacturing output. This  is evidenced by the data of the RA Statistical Committee.

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In Q1 2021, unemployment rate in Armenia decreased to 17% from 19.7%  a year earlier
 Wednesday, July 7 2021 12:41

ArmInfo. In Q1 2021, the unemployment rate in Armenia decreased to 17% from 19.7% in Q1 2020 (against 21.5% in the same period of 2019). This is evidenced by the  data of the RA Statistical Committee.

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In Armenia, in Jan-May 2021, economic activity increased by 4.3%,  accompanied  by 20.8% increase in exports 
 Wednesday, July 7 2021 11:41

ArmInfo. In Armenia, in January-May 2021 economic activity increased by 4.3% per annum (against a 3.9% decline a year earlier), accompanied by an increase in exports and the growth of imports. In May of this year, by May 2020, economic  activity increased by 10.9% (against a decline of 12.8% a year  earlier), while demonstrating an increase of 2% in May 2021 alone  (against 13.3% growth in May 2020).

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YoY inflation in consumer market of Armenia amounted to 6.5% in June  2021 
 Tuesday, July 6 2021 16:46

ArmInfo. The y-o-y inflation in the consumer market of Armenia, amounted to 6.5% in June 2021  (against 1.7% a year earlier), due to the rise in prices for food products  (including alcohol and cigarettes) by 8.8% and non-food products by  9.5%, with an increase in tariffs for services by 2.1%, while a year  earlier (June 2020 to June 2019) there was an increase in the price  of food products by 2.9% and an increase in tariffs for services by  1.3%, while the price of non-food products decreased by 0.2%. This is  evidenced by the data of the RA Statistical Committee.

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Armenia`s foreign trade deficit increased by 33% per annum in May  2021
 Saturday, June 26 2021 14:54

ArmInfo.A more impressive growth in exports than imports increased the foreign trade deficit of Armenia in January-May 2021 by 13% per annum (against a decline of  18% a year earlier, with a decline in imports by 12.8% and exports by  8.1%).

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In Armenia, the accelerated growth of economic activity is  accompanied by rise in exports
 Friday, June 25 2021 16:22

ArmInfo. In Armenia, economic activity in January-May 2021 increased by 4.3% per annum (against a 3.9% decline a year earlier), which is accompanied by a jump in  exports and a rise in import growth. In May of this year by May 2020,  economic activity increased by 10.9% (against a decline of 12.8% a  year earlier), while only demonstrating an increase of 2% in May 2021  (against 13.3% growth in May 2020).

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Head of Statistical Committee: In Q1 2021, the number of people  leaving the country significantly exceeds the number of people  arriving
 Thursday, June 17 2021 14:25

ArmInfo.The head of the Statistical Committee of Armenia Stepan Mnatsakanyan on June 17, after a government meeting, in an interview with journalists, did not  refute the words of first President of the Republic of Armenia Levon  Ter-Petrosyan that about 70 thousand citizens have left the republic  over the past 4 months.

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In Armenia`s foreign trade turnover Russia and China continue to be  leaders in exports and imports
 Tuesday, June 8 2021 12:52

ArmInfo. In Armenia's foreign trade turnover, the leadership is held by Russia with a volume of $ 656.9 million in January-April 2021, with an acceleration of y-o-y growth  from 2% to 2.4%. Russia retains leadership not only in this  indicator, but also in exports and imports - $ 220.9 million and $  436 million, respectively, with the change of the y-o-y export  dynamics from 11.3% decline to 20.9% growth with a change of the  import trend from 8.1% growth for 4.9% decline. This is evidenced by  the final data of the RA Statistical Committee.

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Telecommunications sector revenue in Armenia grows
 Monday, June 7 2021 20:57

ArmInfo. Revenue in the telecommunications sector of Armenia in January-April 2021 amounted to 45.2 billion drams ($ 86.2 million), having increased in annual  terms by 0.2% (against 2.8% decline a year earlier).

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Cargo transportation in Armenia by May 2021 increased by 17.7%, with  a decline in passenger traffic by 17.4%
 Monday, June 7 2021 20:57

ArmInfo. Passenger traffic in Armenia in January-April 2021 slowed down the y-o-y decline from 38.3% to 17.4%, amounting to 31,596.2 thousand people. This is  evidenced by the data of the RA Statistical Committee.

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