ArmInfo NewsFeed
Russia and China hold first two positions in export and import in  Armenia`s foreign trade turnover Russia and China hold first two positions in export and import in  Armenia`s foreign trade turnover 
Former Prime Minister: If the economic Former Prime Minister: If the economic "miracles" of the government  are continued, then in a couple of years, in terms of GDP growth,  Armenia will be in the last ranks of the CIS countries
Safe online shopping. A few tipsSafe online shopping. A few tips
Ardshinbank: Visa Direct transfers with more advantageous termsArdshinbank: Visa Direct transfers with more advantageous terms
Armenia`s foreign trade turnover with EU countries has grownArmenia`s foreign trade turnover with EU countries has grown
First floating solar power plant to be built in ArmeniaFirst floating solar power plant to be built in Armenia
Interview with Huib-Jan de RuijterInterview with Huib-Jan de Ruijter
Armenia`s foreign trade turnover with the EAEU countries is in  declineArmenia`s foreign trade turnover with the EAEU countries is in  decline
Head of the Fund: Electricity tariff may be loweredHead of the Fund: Electricity tariff may be lowered
Armenia`s foreign trade turnover decreased by 4.4% per annum in the  first quarter of 2021Armenia`s foreign trade turnover decreased by 4.4% per annum in the  first quarter of 2021
Natural population growth in Armenia decreased by 17% in the first  quarter of 2021Natural population growth in Armenia decreased by 17% in the first  quarter of 2021
In Armenia, the negative balance of migration in the first quarter of  2021 decreased by 30.6%In Armenia, the negative balance of migration in the first quarter of  2021 decreased by 30.6%
Armenia considers the possibility of extending the ban on the import  and sale of goods of Turkish originArmenia considers the possibility of extending the ban on the import  and sale of goods of Turkish origin
Acting Minister of Economy: It`s time to make a decision on Amulsar  Acting Minister of Economy: It`s time to make a decision on Amulsar  
Armenia`s textile industry increased its volumes by 73.2% per annum  in Q1 of 2021Armenia`s textile industry increased its volumes by 73.2% per annum  in Q1 of 2021
Lavrov: As we get out of the epidemiological situation, the trade  turnover between Russia and Armenia will increase rapidlyLavrov: As we get out of the epidemiological situation, the trade  turnover between Russia and Armenia will increase rapidly
In Q1 services in a number of areas remained on the rise, but  significantly slowed down the rateIn Q1 services in a number of areas remained on the rise, but  significantly slowed down the rate
Armenia`s alcohol industry recovers from coronavirus crisis in a yearArmenia`s alcohol industry recovers from coronavirus crisis in a year
Dominant telecommunications sector registers growth in Armenia`s  communications sectorDominant telecommunications sector registers growth in Armenia`s  communications sector
Historical records: Pashinyan spoke about the process of  economic recovery in ArmeniaHistorical records: Pashinyan spoke about the process of  economic recovery in Armenia
Passenger traffic in Armenia deepens into recession amid accelerated  growth in freight trafficPassenger traffic in Armenia deepens into recession amid accelerated  growth in freight traffic
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
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%
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
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% 
Armenian economy tries to growArmenian economy tries to grow
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
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
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
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
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
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
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
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
Armenian lawmaker promises that cross-border VAT payments will be  canceledArmenian lawmaker promises that cross-border VAT payments will be  canceled
Iranian official: Armenia is a window to international marketsIranian official: Armenia is a window to international markets
Central Bank of Armenia raised refinancing rate from 5.5% to 6%Central Bank of Armenia raised refinancing rate from 5.5% to 6%
ARMENAL prepares for ASI certificationARMENAL prepares for ASI certification
IMF gives forecast of Armenia`s key indicators for 2021 - 2022IMF gives forecast of Armenia`s key indicators for 2021 - 2022
Land continues to be the most attractive asset in ArmeniaLand continues to be the most attractive asset in Armenia
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
Armenia and EU intend to expand cooperation in the customs fieldArmenia and EU intend to expand cooperation in the customs field
Summarizing the results of the campaign dedicated to Women`s HolidaysSummarizing the results of the campaign dedicated to Women`s Holidays
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%
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%
Ambassador: Armenia`s business environment is favorable for Iranian  businessAmbassador: Armenia`s business environment is favorable for Iranian  business
Pashinyan visited the innovative town of Innopolis in KazanPashinyan visited the innovative town of Innopolis in Kazan
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
Converse Bank. Another cashback campaign dedicated yet to another holidayConverse Bank. Another cashback campaign dedicated yet to another holiday
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
Carrefour plans to open 10 more supermarkets in Armenia during the  yearCarrefour plans to open 10 more supermarkets in Armenia during the  year
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
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
Expert: Armenian retail should work towards creating solutionsExpert: Armenian retail should work towards creating solutions
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
Armenia significantly reduced imports of passenger cars in 2020Armenia significantly reduced imports of passenger cars in 2020
IDpay: transfers from Armenia to Russia and vice versaIDpay: transfers from Armenia to Russia and vice versa
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
Pashinyan promises to announce a new agricultural program in the near  futurePashinyan promises to announce a new agricultural program in the near  future
Robert Kocharyan: Armenia can be turned into a large construction  siteRobert Kocharyan: Armenia can be turned into a large construction  site
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Talk of the day

Head of the Fund: Electricity tariff may be lowered

 Friday, May 7 2021
Head of the Fund: Electricity tariff may be lowered

ArmInfo. The liberalization of the electricity market will lead to a reduction in the price of  electricity. Director of the Fund for Renewable Energy and Energy  Saving of Armenia Karen Asatryan stated this, presenting the plans  for 2021 and the results of the Fund's activities in past years.


Economy

Russia and China hold first two positions in export and import in  Armenia`s foreign trade turnover 

ArmInfo.In Armenia's foreign trade turnover, the leadership is held by Russia with a volume of $ 446.2 million in the first quarter of 2021, despite the reversal of the  y-o-y dynamics from 4.7% growth to 8.1% decline.

Former Prime Minister: If the economic "miracles" of the government  are continued, then in a couple of years, in terms of GDP growth,  Armenia will be in the last ranks of the CIS countries

ArmInfo. In post-revolutionary Armenia, people began to live worse.  This is the opinion of  former Prime Minister of Armenia, economist Hrant Bagratyan.

Armenia`s foreign trade turnover with EU countries has grown
Armenia`s foreign trade turnover with the EAEU countries is in  decline

Finance and banks

Safe online shopping. A few tips

ArmInfo.Every day, two percent of internet shoppers in the world fall victim to fraud. The figure is small only at first glance. As of 2020, the number of people shopping online in the world has reached about 1.92 billion (about 5.27 million people per day). Along with the growth of online shopping, the rate of financial fraud on the Internet is also growing.

Ardshinbank: Visa Direct transfers with more advantageous terms

ArmInfo.You can get a cashback of 1000 AMD while transferring money from your Visa card issued by Ardshinbank to any other Visa card abroad or while receiving a transfer to your Visa card. The Visa cardholders, who meet the basic requirements indicated below, can participate in the campaign. The campaign started on April 26, 2021 and will end on June 26, 2021, inclusive.

Interview with Huib-Jan de Ruijter
Central Bank of Armenia: Private transfers have registered growth-  tangible in inflow and weak in outflow

Insurance

Rosgosstrakh continues to lead the list of large taxpayers among  insurance companies in Armenia

ArmInfo. According to the results of the first quarter of 2021, 5 insurance companies out of 6 operating in the country were included in the list of 1000 large  taxpayers in Armenia, as in the previous year.

In Armenia, the number of terminated CMPTL contracts jumped 2.5 times  YoY in the first quarter of 2021 

ArmInfo. In Armenia, the growth of CMPTL E-policy sales continues to  slow down in 2021 , to 66.1% in the first quarter from 3.2 times in  the same period in 2020. According to the Armenian Motor Insurers '  Bureau, the number of CMPTL contracts concluded online reached 41,493  in the first quarter of 2021. Their share in the total number of  CMPTL contracts increased in the first quarter of 2021 to 19% from  11% a year earlier.

Agricultural insurance gains high growth rates in Armenia in 2021
In 2020 insurance sector of Armenia increased payments to state  budget by 43.7%
Energy

First floating solar power plant to be built in Armenia

ArmInfo. The " Armenia Renewable Resources and Energy Efficiency Fund " together with the French company "Trans Energy" applied to the government of France and  received a grant for the construction of the first floating solar  station in the Republic of Armenia.

The UK will help the State Committee for Nuclear Regulation of  Armenia to modernize the country`s nuclear industry

ArmInfo. Nuclear power can make a significant contribution to reducing greenhouse gas emissions and improving energy security, while at the same time supplying the  growing amounts of energy needed for a country's development. This is  stated in the message of the British Embassy in Armenia.

Papikyan defies detractors-modernization of Metsamor NPP will be  continued
Melkumyan: "Velvet" government failed in the modernization program of  Metsamor NPP 

Technology

Pashinyan visited the innovative town of Innopolis in Kazan

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.

Armenian government and IFC discussed prospects for development of  cooperation in the field of high energy technologies and  digitalization

ArmInfo. The Armenian government and the International Finance Corporation (IFC) discussed the prospects for developing cooperation in the field of high  technologies, energy and digitalization.

Russia invited Armenia to expand cooperation in the design and  development of space technologies
EU sees opportunities to strengthen partnership with the Ministry of  High-Tech Industry of Armenia

Real estate

Land continues to be the most attractive asset in Armenia

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.

In the regions of Armenia in 2020, only transactions for the purchase  and sale of land and industrial facilities were on a positive trend

ArmInfo. In 2020, of the total number of real estate transactions in Armenia, the lion's share (68%) falls on the country's regions. According to the data of the  State Committee of the Real Estate Cadastre of the Republic of  Armenia, according to the results of the past year, 107,771 real  estate transactions were made in the regions, which is 11.8% less  than the indicator of a year ago.

The real estate market in Armenia tends to decline; it all depends on  government policy
Noticeable Sagging of Imports Reduces Armenia`s Foreign Trade Deficit  by 28.4% in 2020


ArmInfo.Armenia's foreign trade turnover in the first quarter of 2021 amounted to $ 1.5 billion, accelerating the decline to 4.4% (from 4% a year earlier). According  to the final data of the Statistical Committee of the Republic of  Armenia, this was provoked by the acceleration of the decline in  imports from 6.2% to 8.7%, while the export growth accelerated from  0.2% to 3.4%, the volumes of which amounted to $ 936.4 million and $  572.9 million, respectively.

ArmInfo.In Armenia, in the first quarter of 2021, 8,583 children were born, which is 13.3% higher than a year ago, and by 7.9% compared to the same period in 2019.   According to the Statistical Committee of the Republic of Armenia,  the birth rate per 1000 inhabitants for the reporting period amounted  to 11.7 ppm, against 10.3 ppm a year earlier and 10.9 ppm two years  ago.



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