Wednesday, January 15 2020 14:57
Alina Hovhannisyan

Armenia`s mining industry is steadily increasing volumes

Armenia`s mining industry is steadily increasing volumes

ArmInfo. The volume of industrial production in Armenia in January-November 2019 accelerated y-o-y growth from 4.1% to 9.3%, exceeding 1.8 trillion drams ($ 3.8  billion). This is due to an improvement in the trend of the mining  sector which turned from the recession to growth and maintaining the  upward dynamics of the manufacturing industry.

In November 2019 alone industrial production demonstrated an increase  of 6.9% (against the downward 6.8% in November 2018), with a volume  of 212.7 billion drams ($ 445.8 million). This is evidenced by the  data of the RA Statistical Committee.

In January-November 2019 versus the same period of 2018, an increase  of 23.9% was recorded in the mining industry and open pit mining  (against a decline of 14.3% a year earlier) - up to 323.5 billion  drams.  In November alone, the mining sector provided the volume of  32 billion drams, with monthly growth of 5.2% (with a 1.7-fold y-o-y  growth).

The volume of manufacturing industry increased in January-November by  8.2% per annum (against growth by 9.6% a year earlier), amounting to  1. 3 trillion drams, of which almost 157 billion drams were recorded  in November with a monthly growth of 7.7%.

In the manufacturing industry, decline in the volumes in  January-November 2019 was recorded only in the production of jewelry  (by 6.9%), base metals (by 4.4%), and computers, electrical and  optical equipment (by 0.3%). At the same time, significant growth was  recorded in the production of textiles (1.7-fold), other non-metallic  mineral products (by 43.3%), finished metal products (by 41.7%) and  furniture (by 41.1%).  In the manufacturing sector, food products  (456.5 billion drams), cigarettes (175.5 billion drams), drinks  (166.7 billion drams), and base metals (154.5 billion drams) are  leaders in terms of production volumes.

According to statistical data, the supply of electricity, gas, steam  and air conditioning as a whole decreased in January-November 2019  versus the same period in 2018 by 0.9% (against growth by 6.9% a year  earlier) - to 228.2 billion drams. In November alone growth of 4.6%  was recorded - up to 21.8 billion drams.  Moreover, the generation,  transmission and distribution of electricity in January-November  showed a decline of 3.3% per annum (compared with a decline of 4% in  November), while gas production and distribution of gaseous fuels  through gas supply systems increased by 10.6% per annum (with an  increase 1.7-fold in November).

Revenues from water supply, waste treatment and recycling and the  receipt of secondary raw materials decreased in January-November by  2.1% per annum (against a 2.7% decline a year earlier) - to 23.1  billion drams, with a decline in November by 5.6 % - up to 1.8  billion drams. Moreover, the downward trend in this segment was  mainly determined by the collection, processing and destruction of  waste, the receipt of secondary raw materials, in particular, the  annual decline amounted to 32.5%, and 8.2% per month.  To note, the  average calculated exchange rate of AMD to the US dollar in November  2019 was 477.08 AMD/$ 1, and in January-November - 480.65 AMD/$ 1,  against 486.33 AMD/$ 1 in November 2018 and 482.83 AMD/$ 1 in  January-November 2018 

POST A COMMENT
Input digits     


News


Exchange rates
25.02.2020
RUB7.31-0.12
USD478.33-0.09
EUR517.46-0.09
GBP621.404.33
CAD359.81-0.07
JPY43.330.35
CNY68.110.00
CHF487.69-0.10



Search by date

Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000