Monday, November 27 2023 11:28
Alexandr Avanesov

Russia-Ukraine conflict factor of Armenia economic growth - official 

Russia-Ukraine conflict factor of Armenia economic growth - official 

ArmInfo. In the context of the Russian-Ukrainian conflict, a significant flow of capital and  people to Armenia continues, Armenia's Deputy Minister of Finance Vahan Sirunyan stated at a meeting of the Standing Committee on Financial-Credit and Budgetary Affairs, RA National Assembly. 

As a result of this influx, as the Deputy Minister noted, in the  first 9 months of this year there was a sharp increase (85%) in  exports from Armenia to the Russian Federation. Moreover, in this  volume, re-exports increased by 80.6%, and products from domestic  producers only by 4.4%.

The Deputy Minister emphasized that in January-September of this year  there was an increase in tourist activity. The number of tourists  visiting Armenia during this period increased by 48.4%. The list of  countries whose citizens visited the country was dominated by  tourists from Russia, the growth of visits to which increased by  29.1%. In general, 1 million 839 thousand people visited Armenia this  year. Meanwhile, during the specified period, remittances to Armenia  decreased by 29.1%. Moreover, in the volume of transfers, only  transfers from Russia were in a positive trend - the growth of money  transfers from the Russian Federation increased by 27.4%, from other  countries the volume of transfers decreased by 50.5%.