ArmInfo. The Armenian exports that once slumped due to the rapid RUB depreciation are now recovering. Shocks have been overcome and Armenian exporters are expertly managing the risks, stated RA Minister of Economy Vahan Kerobyan.
The government is working out risk reduction mechanisms for exporter and importers. In this context, Mr Kerobyan recalled Armenian Premier Nikol Pashinyan's meeting with Russian President Vladimir Putin, when the sides pointed out a need for payments in terms of national currencies. "And we are carrying out relevant work now to provide our exporters and importers with instruments that would enable them to trade in terms of national currency without obstacles," the minister said.
As regards the general economic situation in Armenia, Mr Kerobyan, citing the statistical data, said that it is not so grave. Sadly, however, one section of the population is feeling the economic growth, whereas the other is feeling inflations. So the government has serious work to do. "We must keep our promise," the minister said. This January-February, Armenian-Russian trade totaled $475.2mln (a 61.4% growth). Exports totaled $147.8mln, and imports $327.4mln - a growth of 43.1% and 71.2% respectively.
This January-February saw a 12% increase in economic activity. The energy sector (21.9%) and the services sector (20.1%) were drivers of the two-digit growth.
The Central Bank of Armenia (CBA) forecast 1.6% economic growth in Armenia for 2022, against the IMF-forecast 1.5% and WB-forecast 1.2%.
