Historical records: Pashinyan spoke about the process of  economic recovery in ArmeniaHistorical records: Pashinyan spoke about the process of  economic recovery in Armenia
 Thursday, May 6 2021

ArmInfo. Recovery of economic dynamics has been outlined in Armenia, Acting Prime Minister of Armenia Nikol Pashinyan said on May 6 at a government meeting.

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Economy Minister insists: Armenia will reach double-digit economic  growth by the end of the yearEconomy Minister insists: Armenia will reach double-digit economic  growth by the end of the year
 Wednesday, May 5 2021

ArmInfo. Minister of Economy of Armenia Vahan Kerobyan again promised to reach a double-digit indicator of economic growth by the end of the year. He stated this  on May 5 from the rostrum of the RA National Assembly, answering the  questions of parliamentarians.

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Metallurgical industry of Armenia in Q1 of 2021 increased production  volumes by 4.1%Metallurgical industry of Armenia in Q1 of 2021 increased production  volumes by 4.1%
 Wednesday, May 5 2021

ArmInfo.The metallurgical industry of Armenia in the first quarter of 2021 slowed down the y-o-y growth from 30% to 4.1%. This is evidenced by the data of the  RA Statistical Committee. In particular, the production of  ferromolybdenum in the first quarter of 2021 compared to the same  period last year decreased by 18.4% (against 22.5% growth a year  earlier), amounting to 1.702 thousand tons. In March alone, 605.7  tons of ferromolybdenum were produced, which is 1.7% more than in  February.

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In Armenia, aluminum foil production volumes decreased by 2.6% per  annum in Q1In Armenia, aluminum foil production volumes decreased by 2.6% per  annum in Q1
 Wednesday, May 5 2021

ArmInfo. Aluminum foil production in Q1 2021 decreased by 2.6% per annum (against 16.8% growth a year earlier), amounting to 8.656 thousand tons. This is evidenced by the  data of the RA Statistical Committee.

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Y-O-Y inflation in Armenia in April 2021, amounted to 6.2%, and in  January-April alone-5.1% Y-O-Y inflation in Armenia in April 2021, amounted to 6.2%, and in  January-April alone-5.1% 
 Wednesday, May 5 2021

ArmInfo. In the consumer market of Armenia in January-April 2021, inflation was recorded at 5.1%, against 2.6% inflation in the same period in 2020. According to the RA Statistical Committee, this was provoked by an increase in the  prices of food products (including alcohol and cigarettes) by 8.6%  (versus 5.7% a year earlier), non-food products - by 5%  (versus 0.1% a year earlier) and tariffs for services - by 1.1%  (against 0.3% a year earlier).

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Armenian economy tries to growArmenian economy tries to grow
 Wednesday, May 5 2021

ArmInfo. In Armenia, economic activity in the 1st quarter of 2021 compared to the same period of 2020 decreased by 2% (against 4% growth in the 1st quarter of 2020).   According to the final data of the Statistical Committee of the  Republic of Armenia, only the construction sector and the energy  complex were in growth, while the industrial sector, agricultural  sector, trade, and the service sector are still overdrawn.

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Electricity generation in Armenia slowed down y-o-y growth rate in Q1Electricity generation in Armenia slowed down y-o-y growth rate in Q1
 Wednesday, May 5 2021

ArmInfo. In the first quarter of 2021 electricity generation in Armenia amounted to 2,112.9 million kWh, with a slowdown in y-o-y growth from 14.8% to 1.4%. But in March  alone, an increase of 16% was recorded - up to 736.1 million kWh.  This is evidenced by the data of the RA Statistical Committee.

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Armenia`s industrial sector in the first quarter of 2021 reduced  production volumes by 3.9% per annumArmenia`s industrial sector in the first quarter of 2021 reduced  production volumes by 3.9% per annum
 Wednesday, May 5 2021

ArmInfo. Industrial sector of Armenia in the first quarter of 2021 reduced production by 3.9% per annum (against 8.7% growth a year earlier), amounting to 470.4  billion drams ($ 897.5 million). But in March alone, the volume  increased by 9.1% - to 175.2 billion drams ($ 332.1 million).

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Central Bank of Armenia: Private transfers have registered growth-  tangible in inflow and weak in outflowCentral Bank of Armenia: Private transfers have registered growth-  tangible in inflow and weak in outflow
 Wednesday, May 5 2021

ArmInfo.The rise in the growth of the net inflow of transfers from individuals to Armenia in the first quarter of 2021 is supported by the high growth rates of the net  inflow of remittances from the United States - 2.6-fold to $ 74  million (against 5-fold growth a year earlier).

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The art of interpretation: 50% is also a result. The art of interpretation: 50% is also a result. "Prosperous Armenia"  indulges in populism, insisting that writing off debt on loans is  justified
 Wednesday, May 5 2021

ArmInfo. MP from the Prosperous Armenia faction Mikael Melkumyan considers the proposal of the leader of the party Gagik Tsarukyan to "nullify" citizens' loans in the  amount of up to AMD 3 million as appropriate and topical. "The  proposal passed an expert discussion at the highest level, and the  comment of the head of the Central Bank, perhaps, confirms that it is  justified," Melkumyan said on May 5 in an interview with reporters.

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Central Bank of Armenia: An increase in private transfers by 47.7%  per annum was registered in Armenia, in Q1 of 2021Central Bank of Armenia: An increase in private transfers by 47.7%  per annum was registered in Armenia, in Q1 of 2021
 Tuesday, May 4 2021

ArmInfo. The net inflow of private transfers to Armenia increased by 47.7% per annum in the first quarter of 2021. Head of the Department of Macroeconomics of  the Central Bank of Armenia Armen Nurbekyan said this at a press  conference on May 4, noting that in March alone, the net inflow of  transfers increased more than 2-fold.

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Central Bank of Armenia: The share of non-performing loans in the  loan portfolio of the banking system of Armenia reached 7.1% in Q1 of  2021Central Bank of Armenia: The share of non-performing loans in the  loan portfolio of the banking system of Armenia reached 7.1% in Q1 of  2021
 Tuesday, May 4 2021

ArmInfo.In the loan portfolio of the banking system of Armenia, the share of non-performing loans in the first quarter of 2021 reached 7.1%. The Chairman of the Central  Bank of the Republic of Armenia Martin Galstyan stated this at a  press conference on May 4, noting that in comparison with the  previous quarter, an increase in non-performing loans was recorded.

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The regulator is confident that it will be possible to return to the  inflation target next yearThe regulator is confident that it will be possible to return to the  inflation target next year
 Tuesday, May 4 2021

ArmInfo. The Central Bank of Armenia is confident that inflation will return to its target  indicator next year. The Chairman of the Central Bank of Armenia  Martin Galstyan expressed this opinion during a press conference on  May 4.

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Central Bank considers it necessary to gradually neutralize the  stimulating effect of monetary conditionsCentral Bank considers it necessary to gradually neutralize the  stimulating effect of monetary conditions
 Tuesday, May 4 2021

ArmInfo. Taking into account the current macroeconomic situation and the inflationary impact expected from the external and internal economies, the Council of the Central  Bank of Armenia considers it necessary to gradually neutralize the  stimulating effect of monetary conditions.

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Armenian lawmaker promises that cross-border VAT payments will be  canceledArmenian lawmaker promises that cross-border VAT payments will be  canceled
 Tuesday, May 4 2021

ArmInfo. On May 4, the Armenian Parliament discussed in the first reading the draft law "On Amendments and Addenda to the" Tax Code "of the Republic of Armenia,  which provides for reducing the timeframe for refunding value added  tax (VAT) to exporters from three months to one.

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Iranian official: Armenia is a window to international marketsIranian official: Armenia is a window to international markets
 Tuesday, May 4 2021

ArmInfo. Armenia is a window to international markets. This was stated by head of the Iran-Armenia Joint Chamber of Commerce Hervik Yarijanian, speaking of the  country's ability to increase trade with Europe and Eurasia.

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Central Bank of Armenia raised refinancing rate from 5.5% to 6%Central Bank of Armenia raised refinancing rate from 5.5% to 6%
 Tuesday, May 4 2021

ArmInfo.The Central Bank of Armenia increased the refinancing rate by 0.5 percentage points - from 5.5% to 6%. As ArmInfo was told in the press service of the Central Bank  of Armenia, this decision was made on May 4 at a meeting of the  Central Bank Council.

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ARMENAL prepares for ASI certificationARMENAL prepares for ASI certification
 Tuesday, May 4 2021

ArmInfo.ARMENAL launches preparations for certification of the plant for compliance with the requirements of international standards Aluminum Stewardship  Initiative (ASI) - the Initiative for Responsible Management of  Aluminum Production. ArmInfo was informed about this in the press  service of the company.

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IMF gives forecast of Armenia`s key indicators for 2021 - 2022IMF gives forecast of Armenia`s key indicators for 2021 - 2022
 Monday, May 3 2021

ArmInfo. Armenia's gross external debt, which already in 2020 exceeded GDP to 103.5%, will continue to prevail over GDP both in 2021 (107%) and in 2021 (105.1%).  Thus, the gross debt of the Armenian government will reach 69.9% of GDP in 2021  (from 62.8% of GDP in 2020), and then in 2022 it will modestly  decrease to 68.8% of GDP. This is stated in the new IMF report  "Regional Economic Outlook Update: Middle East and Central Asia",  which presents a detailed forecast of key indicators of Armenia.

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Land continues to be the most attractive asset in ArmeniaLand continues to be the most attractive asset in Armenia
 Monday, May 3 2021

ArmInfo.In the regions of rmenia in the first quarter of 2021, 7,731 transactions for the  purchase and sale of real estate were completed, which is less than  5% a year ago, with an increase of 5.3% per quarter.

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In cooperation with Russian Sberbank, Ardshinbank launches instant money transfers through phone numberIn cooperation with Russian Sberbank, Ardshinbank launches instant money transfers through phone number
 Monday, May 3 2021

ArmInfo.From now on, all users of Russian Sberbank’s mobile app will be able to transfer money within a few seconds to the account of Ardshinbank clients. Instant money transfers are made through the SberBank Online application.

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Armenia and EU intend to expand cooperation in the customs fieldArmenia and EU intend to expand cooperation in the customs field
 Monday, May 3 2021

ArmInfo.Armenia and the EU intend to take effective steps towards expanding cooperation in the customs field. This became known following the results of the first  meeting of the Subcommittee on Customs Issues, acting within the  framework of the Agreement on Comprehensive and Enhanced Partnership  between the Republic of Armenia and the European Union (CEPA), which  was held in an online format.

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Summarizing the results of the campaign dedicated to Women`s HolidaysSummarizing the results of the campaign dedicated to Women`s Holidays
 Monday, May 3 2021

ArmInfo.Converse Bank has summarized the results of the campaign dedicated to Women's Holidays. The bank offered its female customers an opportunity to make non-cash purchases with Woman's Card payment cards from March 15 to April 7 and benefit from cashback, as well as the opportunity to use some banking products on preferential terms, and receive a Visa Pay Sticker or Visa mini-FOB (with its accessory).

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Prices for apartments in Yerevan fell on average by 6% over the year,  while the number of transactions decreased by 16.5%Prices for apartments in Yerevan fell on average by 6% over the year,  while the number of transactions decreased by 16.5%
 Monday, May 3 2021

ArmInfo. In the first quarter of 2021 in Yerevan, there were 2020 transactions for the purchase and sale of apartments, which is 64.5% of the total number of  transactions for the purchase and sale of apartments in Armenia.  According to the data of the State Committee of the Real Estate  Cadastre, over the year, transactions for the purchase and sale of  apartments in the capital decreased by 16.5%, and over the quarter by  6.5%.

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On April 26-30, 2021, the volume of dollar transactions in the  foreign currency interbank of Armenia decreased by 30%On April 26-30, 2021, the volume of dollar transactions in the  foreign currency interbank of Armenia decreased by 30%
 Monday, May 3 2021

ArmInfo.From April 26 to April 30, 2021, the volume of dollar transactions in the foreign exchange interbank of Armenia decreased by 30%, after a jump of 6.4 -fold in the previous week (from April 19 to April 23).

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Ambassador: Armenia`s business environment is favorable for Iranian  businessAmbassador: Armenia`s business environment is favorable for Iranian  business
 Monday, May 3 2021

ArmInfo.There is a serious potential for the development of Armenian-Iranian trade relations, Armenian Ambassador to Iran Artashes Tumanyan is convinced.  

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Pashinyan visited the innovative town of Innopolis in KazanPashinyan visited the innovative town of Innopolis in Kazan
 Friday, April 30 2021

ArmInfo.Acting Prime Minister of Armenia Nikol  Pashinyan, within the framework of his visit to Kazan, where a  face-to-face meeting of the Eurasian Intergovernmental Council took  place, today visited the innovative town of Innopolis.

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Armenia entered the TOP-5 countries recommended for Russian tourists  for the May holidaysArmenia entered the TOP-5 countries recommended for Russian tourists  for the May holidays
 Friday, April 30 2021

ArmInfo. According to the version of the project "Let's go, let's eat", broadcast on the NTV channel, Armenia topped the TOP-5 countries recommended to Russian  tourists for the May holidays.

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Converse Bank. Another cashback campaign dedicated yet to another holidayConverse Bank. Another cashback campaign dedicated yet to another holiday
 Friday, April 30 2021

ArmInfo.Converse Bank is launching another promotion campaign for its clients.

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Armenia`s international reserves increased by 16.5% per annum by  April 2021Armenia`s international reserves increased by 16.5% per annum by  April 2021
 Friday, April 30 2021

ArmInfo. Armenia's gross international reserves increased in the first quarter of 2021 by  15.1% or by $ 393.7 million, amounting to $ 3.009 billion, as  evidenced by the data of the Central Bank of Armenia. Of these, the  lion's share - $ 3.003 billion - falls on foreign assets in hard  currency, and the SDR share in the IMF amounted to $ 2.9 million.  According to the regulator's report, for the first quarter of this  year foreign assets in hard currency increased by 15.2%, while the  share of SDR in the IMF decreased by 67.3%.

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Carrefour plans to open 10 more supermarkets in Armenia during the  yearCarrefour plans to open 10 more supermarkets in Armenia during the  year
 Friday, April 30 2021

ArmInfo. Carrefour Armenia intends to open 10 more supermarkets in Armenia within the next year, its CEO Vache Arsen said at a meeting with acting Economy Minister Vahan Kerobyan.  

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ArmInfo Financial rating: Health insurance fees stagnate, and travel  insurance is in the deep redArmInfo Financial rating: Health insurance fees stagnate, and travel  insurance is in the deep red
 Thursday, April 29 2021

ArmInfo. In Armenia, health insurance fees approached stagnation in the first quarter of 2021, narrowing the annual growth rate from 8.2% to 1.1%, to a volume of  7.4 billion drams ($13.8 million).

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Armenia is going to prolong the loan with ADB and significantly  increases the financial burden of the state treasuryArmenia is going to prolong the loan with ADB and significantly  increases the financial burden of the state treasury
 Thursday, April 29 2021

ArmInfo. Armenia is extending the terms of the loan agreement with the Asian Development Bank, as it does not keep pace with the terms of its implementation and increases the financial burden of the state treasury.

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Expert: Armenian retail should work towards creating solutionsExpert: Armenian retail should work towards creating solutions
 Thursday, April 29 2021

ArmInfo.Armenian grocery retail is developing exclusively in the direction of the ideology of "feeding", while manufacturers in many countries of the world have  long been offering consumers not a product, but solutions. Anna  Beklyarova, co-founder of the Export Armenia Association, Director of  the Sales and Development Department of the Gagarin Agro company,  presented her observations on the results of the PROD-Expo 2021  exhibition held in Moscow yesterday.

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One more type of Converse Bank lending made available on the SME online lending platformOne more type of Converse Bank lending made available on the SME online lending platform
 Thursday, April 29 2021

ArmInfo.Converse Bank has expanded the list of lending products for small and medium-sized enterprises (SMEs), now available on the online platform: https://sme.conversebank.am/.

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Armenia significantly reduced imports of passenger cars in 2020Armenia significantly reduced imports of passenger cars in 2020
 Wednesday, April 28 2021

ArmInfo. In 2020, Armenia significantly reduced imports of passenger cars - by 93.3% to 14 thousand units. In value terms, the import of passenger cars also  significantly decreased - by 86% to $ 78.3 million, as evidenced by  the data of the RA Customs Service.

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IDpay: transfers from Armenia to Russia and vice versaIDpay: transfers from Armenia to Russia and vice versa
 Wednesday, April 28 2021

ArmInfo.It is already possible to get transfers from Armenia via IDpay application, and the transfers from Russia have been improved and are unprecedentedly profitable now. For both cases it is necessary to know only the phone number of the recipient.

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Armenia increased imports of wheat in 2020, reducing the volume of  flour suppliesArmenia increased imports of wheat in 2020, reducing the volume of  flour supplies
 Wednesday, April 28 2021

ArmInfo. In 2020, Armenia increased wheat imports by 40% - up to 350.5 thousand tons, demonstrating growth in value terms - by 43.4% - up to $ 72.4 million. The main  importer of wheat is the Russian Federation (99.1%).

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Pashinyan promises to announce a new agricultural program in the near  futurePashinyan promises to announce a new agricultural program in the near  future
 Wednesday, April 28 2021

ArmInfo. 74% of arable land in the republic is not irrigated at all, said Acting Prime Minister Nikol Pashinyan at a meeting in the Kotayk region on April 28.

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Robert Kocharyan: Armenia can be turned into a large construction  siteRobert Kocharyan: Armenia can be turned into a large construction  site
 Wednesday, April 28 2021

ArmInfo. For the stable growth of the economy, such factors as macroeconomic stability and the investment environment are important, the second President of  Armenia, Robert Kocharian, said at a meeting with his supporters.

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