Tuesday, February 20 2018 15:56
Alexandr Avanesov

RA Prime Minister: In 2017, the trade turnover between Armenia and Russian grew by 26.1%

RA Prime Minister: In 2017, the trade turnover between Armenia and  Russian grew by 26.1%

ArmInfo. In 2017 the trade  turnover between Armenia and Russian grew by 26.1%. Such data was  announced by the co-chairman of the commission from the Armenian  side, Prime Minister Karen Karapetyan, on February 20 in Yerevan at  the 18th meeting of the Armenian-Russian intergovernmental commission  on economic cooperation.

According to the press service of the Armenian government, the export  of Armenian goods to Russia grew by 44.6%, while imports of Russian  goods - by 19.1%. Virtually everything that was planned for for 2017  has been implemented. "The growth in all indicators was registered  with the Russian co-chairman of the commission, the Minister of  Transport of the Russian Federation Maxim Sokolov outlined all  possible directions for further development and ways of diversifying  cooperation," the RA Prime Minister stressed.  He added that in 2017  economic activity in Armenia increased by 7.7%, external trade by  26.9%, exports - by 25.2%, imports - by 27.8%. The growth in services  was 14.4%, in industry - 12.6%, inflation was at the level of 2.6%.

"In January 2018, compared with the same period last year, economic  activity in Armenia increased by 10.2%, in industry growth was 13.9%,  in construction - 19.7%, external trade turnover grew by 47.6% ,  export growth - 45.25, imports - 48.9%, in the service sector - 15.5%  .We are in a good trend and are interested in maximizing the  participation of our Russian friends and partners in it," the RA  Prime Minister said.  He stressed that the Armenian-Russian  intergovernmental commission is the most important platform for  bilateral cooperation. Karen Karapetyan informed that an agreement  was reached with Maxim Sokolov on the promotion of specific programs  in various areas. "Today Armenia, being a small market, can become  attractive for our partners to invest, because, on the one hand, it  is a member of the Eurasian Economic Union, on the other hand, it has  a preferential regime with a 180 million European market." An  important topic of the talks was the issue of free economic zone in  Meghri in the context of the expected signing of the agreement on  free trade of the EAEU with Iran, and this site can become  exceptional," Karen Karapetyan said. According to the Prime Minister,  within the framework of public-private partnership, the construction  sector, in particular, road construction, construction of reservoirs  and other areas, may become a promising area for cooperation. Karen  Karapetyan noted that he sees great potential in implementing  programs from the Russian-Armenian investment fund in terms of import  substitution in the Russian Federation and leasing of agricultural  machinery.

"Taking into account also the availability of the GSP + preferential  regimes with the European Union, GSP with the USA, Japan,  Switzerland, Norway, we are ready to create favorable conditions for  Russian capital so that the latter, based on their interest, expand  their activities in Armenia," Karapetyan said. 

The Russian co-chairman of the commission, Transport Minister Maxim  Sokolov, expressed gratitude to the Prime Minister of Armenia for  constructive assessments. He stressed that after the last meeting of  the commission in July 2016, numerous meetings were held, both in a  bilateral format, and between members of the commission and  departments of the two countries. "Our interaction has always been at  the highest level, and we can say that at present it has reached a  certain level, which is fixed in economic terms." Speaking  exclusively in figures, bilateral trade reached a record level in our  relations, reaching $ 1,7 billion is pleased with the fact that the  products produced in Armenia are being exported to Russia in large  increments, according to our estimates, the volumes of its exports  increased by more than a third in 2017 compared to 2016. We connect  this with the stable economic development of Armenia and Russia, but  also with the deepening integration processes within the Eurasian  Economic Union", said the Russian minister.  He added that with  accession to the EAEU, Armenia had the opportunity to enter the 180  millionth market, within which free movement of goods and services,  the lack of customs control, the application of uniform sanitary,  phytosanitary and veterinary rules were guaranteed. "All this creates  conditions for Armenia to increase investment flows, and we see the  interest of Russian capital. Today's partners are our partners who  plan to develop their programs in road construction, public-private  partnership programs, and in the sphere of information technologies,  in all spheres of our cooperation, including, of course, we see great  potential in these areas," said Maxim Sokolov.

POST A COMMENT
Input digits     


News
MP from the MP from the "My Step" faction: Forecasts of the impending  depreciation of the dram have no economic basis 
Expert: Talk about the construction of a new nuclear power plant in  Armenia does not go beyond political rhetoricExpert: Talk about the construction of a new nuclear power plant in  Armenia does not go beyond political rhetoric
Ardshinbank together with Visa launched an electronic wallet within the Мobile banking appArdshinbank together with Visa launched an electronic wallet within the Мobile banking app
Melkumyan: Melkumyan: "Velvet" government failed in the modernization program of  Metsamor NPP 
Armenia`s trade sector was in decline in January-February 2021Armenia`s trade sector was in decline in January-February 2021
Revenue of the Armenian communications sector in January-February  2021 sank by 4.7% per annumRevenue of the Armenian communications sector in January-February  2021 sank by 4.7% per annum
Passenger transportation in Armenia delayed in decline due to the  coronacrisisPassenger transportation in Armenia delayed in decline due to the  coronacrisis
Get now, pay later, now the same priceGet now, pay later, now the same price
Armenia`s steel industry was in decline by March 2021Armenia`s steel industry was in decline by March 2021
Armenia reduced electricity generation by 5.8% per annum in  January-February 2021Armenia reduced electricity generation by 5.8% per annum in  January-February 2021
Expert: The Central Bank`s initiative is a signal to Expert: The Central Bank`s initiative is a signal to "money bags" or  life under the microscope
RA Issued Eurobonds Are Now Traded on Armenia Securities ExchangeRA Issued Eurobonds Are Now Traded on Armenia Securities Exchange
Armenia`s manufacturing industry continues to sinkArmenia`s manufacturing industry continues to sink
Two-year monitoring of the online labor exchange indicates the  restoration of business optimism-Vahan KerobyanTwo-year monitoring of the online labor exchange indicates the  restoration of business optimism-Vahan Kerobyan
SRC of Armenia encourages decent taxpayersSRC of Armenia encourages decent taxpayers
Converse Bank. New campaign for womenConverse Bank. New campaign for women
Pashinyan to EBRD President: The re-commissioning of transport  communications could help implement new joint projectsPashinyan to EBRD President: The re-commissioning of transport  communications could help implement new joint projects
“Evocabank” CJSC’s bonds have been listed on Armenia Securities Exchange for the first time“Evocabank” CJSC’s bonds have been listed on Armenia Securities Exchange for the first time
 Optimism of the authorities contrary to official statistics: What  will the Armenian economy face? Optimism of the authorities contrary to official statistics: What  will the Armenian economy face?
The Central Bank of Armenia announces its intention to intervene in  the foreign exchange market for the second time in 2021The Central Bank of Armenia announces its intention to intervene in  the foreign exchange market for the second time in 2021
On April 12, Ameriabank will start placing the next tranches of USD  and AMD bonds in the amount of $ 20 million and 5 billion dramsOn April 12, Ameriabank will start placing the next tranches of USD  and AMD bonds in the amount of $ 20 million and 5 billion drams
Ardshinbank and Visa offer smart Visa payment rings for the first time in ArmeniaArdshinbank and Visa offer smart Visa payment rings for the first time in Armenia
Armenia`s unemployment rate drops to 16% in 2020Armenia`s unemployment rate drops to 16% in 2020
Armenia`s SRC: The number of registered micro-entrepreneurship  entities increased by 18% Armenia`s SRC: The number of registered micro-entrepreneurship  entities increased by 18% 
The inflow of foreign investment into the Armenian economy has  declined by 39 in 2020%The inflow of foreign investment into the Armenian economy has  declined by 39 in 2020%
Ex-Minister: Creating a centralized register of bank accounts is an  attempt to adapt the Rolls-Royce engine to your own dreamEx-Minister: Creating a centralized register of bank accounts is an  attempt to adapt the Rolls-Royce engine to your own dream
Armenia`s foreign trade turnover decreased in January-February 2021  by 12.2% per annumArmenia`s foreign trade turnover decreased in January-February 2021  by 12.2% per annum
The financial regulator sees the feasibility of introducing a  centralized register of bank accountsThe financial regulator sees the feasibility of introducing a  centralized register of bank accounts
Armenia`s foreign trade turnover with the EU countries has been  delayed in declineArmenia`s foreign trade turnover with the EU countries has been  delayed in decline
Armenia`s national debt is approaching $9 billionArmenia`s national debt is approaching $9 billion
Armenia`s consumer market recorded inflation of 3.8% in Q1 2021 with  5.2% y-o-y inflation Armenia`s consumer market recorded inflation of 3.8% in Q1 2021 with  5.2% y-o-y inflation 
Up to 150 million cubic meters of Russian gas to be supplied to  Armenia through AzerbaijanUp to 150 million cubic meters of Russian gas to be supplied to  Armenia through Azerbaijan
IDBank offers the most flexible and profitable conditions for mortgage borrowersIDBank offers the most flexible and profitable conditions for mortgage borrowers
Armenia reduced exports of copper ore, increasing exports of zinc and  molybdenum concentrates and ores containing precious metalsArmenia reduced exports of copper ore, increasing exports of zinc and  molybdenum concentrates and ores containing precious metals
Russia and Brazil became the main sugar import markets for Armenia in  2020Russia and Brazil became the main sugar import markets for Armenia in  2020
EU Ambassador and Armenian NPP leadership discussed opportunities for  expanding cooperationEU Ambassador and Armenian NPP leadership discussed opportunities for  expanding cooperation
Deputy Minister: Unblocking of economic ties and transport  communications in the South Caucasus is beneficial to all partiesDeputy Minister: Unblocking of economic ties and transport  communications in the South Caucasus is beneficial to all parties
Moscow plans to discuss the prospects of creating logistics centers  for groupage cargo from ArmeniaMoscow plans to discuss the prospects of creating logistics centers  for groupage cargo from Armenia
Ardshinbank upgrades its branches in Hrazdan and DilijanArdshinbank upgrades its branches in Hrazdan and Dilijan
Armenia`s gross international reserves exceeded $3 billion for the  first time with a 33% jump in FebruaryArmenia`s gross international reserves exceeded $3 billion for the  first time with a 33% jump in February
Armenia and Malta move to eliminate double taxationArmenia and Malta move to eliminate double taxation
Armenian tax officials report over-fulfillment of quarterly tax  collection plan: Finance Ministry promises to take new heightsArmenian tax officials report over-fulfillment of quarterly tax  collection plan: Finance Ministry promises to take new heights
New WB forecast: Armenia ranks second in terms of GDP growth in 2021  among the EAEU countries, and at the rate of 2022 it shares the lead  with KyrgyzstanNew WB forecast: Armenia ranks second in terms of GDP growth in 2021  among the EAEU countries, and at the rate of 2022 it shares the lead  with Kyrgyzstan
New forecast of the Central Bank of Armenia for 2021: GDP growth by  1.4%, export growth by 1-3%, import decline 2-4%, unemployment rate  18.6%New forecast of the Central Bank of Armenia for 2021: GDP growth by  1.4%, export growth by 1-3%, import decline 2-4%, unemployment rate  18.6%
Telecom Armenia summed up the results of the <Coding skills> project Telecom Armenia summed up the results of the project 
The Armenian Stock Exchange is once again recognized as the The Armenian Stock Exchange is once again recognized as the "Best  Stock Exchange in the South Caucasus"
World Bank improves Armenia`s GDP growth forecast for 2021 to 3.4%World Bank improves Armenia`s GDP growth forecast for 2021 to 3.4%
The Central Bank of Armenia predicts an increase in the net inflow of  private transfers in the range of 7-9 in 2021%The Central Bank of Armenia predicts an increase in the net inflow of  private transfers in the range of 7-9 in 2021%
Ardshinbank on April 6 will put up for sale a tranche of AMD and  dollar bonds in the amount of 3.3 billion drams and $10 millionArdshinbank on April 6 will put up for sale a tranche of AMD and  dollar bonds in the amount of 3.3 billion drams and $10 million
 Ameriabank Got Quality Excellence Award 2020 from Raiffeisen Bank  International Ameriabank Got Quality Excellence Award 2020 from Raiffeisen Bank  International
UBA, A. Ananyan: There are no prerequisites for the emergence of  UBA, A. Ananyan: There are no prerequisites for the emergence of  "mortgage bubbles" 
UBA, A. Ananyan: In 2021, the fight against the consequences of the  coronavirus-generated crisis will continueUBA, A. Ananyan: In 2021, the fight against the consequences of the  coronavirus-generated crisis will continue
UBA, A. Ananyan: The share of non-performing loans may grow to 10%  from the current 6.6% UBA, A. Ananyan: The share of non-performing loans may grow to 10%  from the current 6.6% 
Fitch confirmed Armenia rating at the level of Fitch confirmed Armenia rating at the level of "B +" with a stable  outlook, waiting in 2021 GDP growth by 3.2%
The later the economy will be restored, the higher the probability of  a foreign exchange rate and yield of bonds The later the economy will be restored, the higher the probability of  a foreign exchange rate and yield of bonds 
Minister: 580 subvention programs totaling AMD 26.2 billion were  implemented in Armenia in 2020Minister: 580 subvention programs totaling AMD 26.2 billion were  implemented in Armenia in 2020
Expert: Armenia`s economy will reach the level of over 5% in the  context of the next 5 years Expert: Armenia`s economy will reach the level of over 5% in the  context of the next 5 years 
EU to allocate 2 million EUR for the development of social  entrepreneurship in ArmeniaEU to allocate 2 million EUR for the development of social  entrepreneurship in Armenia
The Minister of Economy of Armenia expects the tourist growth in the  current yearThe Minister of Economy of Armenia expects the tourist growth in the  current year
Armenia and Iraq are considering cooperation in the field of  military-industrial complex and high technologyArmenia and Iraq are considering cooperation in the field of  military-industrial complex and high technology
Read more


Exchange rates
13.04.2021
RUB6.73-0.10
USD519.43-8.67
EUR617.91-10.58
GBP715.00-10.35
CAD412.74-8.12
JPY47.51-0.80
CNY79.36-1.17
CHF561.24-10.17