Armenia has significantly increased polished diamond exports and  rough diamond imports

 Friday, September 2 2022 18:51:00
Armenia has significantly increased polished diamond exports and  rough diamond imports

ArmInfo. In H1 2022, Armenia significantly increased the export of polished diamonds  (2.1-fold) up to 715.2 thousand carats, while their customs value  increased 2.8-fold to $134.1 million. This is evidenced by the data  of the RA Customs Service.

Armenia significantly increased gold exports in H1 2022
 Friday, September 2 2022 16:39

ArmInfo. In H1 2022, Armenia exported 2,514.8 kg. gold (including electroplating), which  is 76% higher than a year ago. The customs value of exported gold  also increased significantly - by 75%, amounting to $93.9 million.  This is evidenced by the data of the RA Customs Service.

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Negative balance of migration in Armenia in H1 2022 decreased by 46% 
 Thursday, August 25 2022 22:59

ArmInfo. In H1 2022, 213,652 citizens of the Republic of Armenia (32.7% of the total number of migrants) returned to Armenia from abroad, which is 56% more than a  year ago. According to the data of the border electronic management  system, during the reporting period, 255,460 citizens of the Republic  of Armenia left the country (40.1% of the total number of migrants),  with a y-o-y increase of 19.1%.

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Economic activity shows two-digit growth in Armenia 
 Thursday, August 25 2022 14:57

ArmInfo.An increase in economic activity up to 13.1% (5.2% last year) in Armenia this January-July, was accompanied by an upward trend in exports and imports. This July  against July 2021, 19.4% economic activity was recorded (5.8% in the  corresponding period last year), with 8.5% growth recorded this July  against 17% this June, similarly to last July (7.4% against 12% last  June). 

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Airlines, hotels, banks, rental and leasing sectors registered  significant increase in service volumes in Armenia
 Tuesday, August 9 2022 16:55

ArmInfo.The service sector sharply accelerated growth in Armenia, in H1 2022, from 2.7% to 26.9%, as a result of which its volume exceeded 1.1 trillion drams  ($2.4 billion).  This is evidenced by the data of the RA Statistical  Committee, according to which in June alone, the volume of services  provided increased by 8% (against 3.9% a year earlier), amounting to  226.7 billion drams ($536.4 million).

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Cargo traffic down, passenger traffic up in Armenia in first half,  2022
 Tuesday, August 9 2022 16:43

ArmInfo. In the first half of 2022, This January, the cargo traffic totaled 8,332.6 thousand tons - an 11.2% increase against an 18.4% increase last year. During the  period under review, passenger traffic showed a 40.4% increase  against a 17.7% increase (71,030.5 thousand passengers). 

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Growth of trade sector was facilitated by increase in activity in  wholesale and car trade markets
 Tuesday, August 9 2022 16:31

ArmInfo.The trade sector of Armenia in H1 2022 accelerated y-o-y growth from 8% to 10.7%, with a volume of 1.8 trillion drams ($3.8 billion). According to the RA  Statistical Committee, in June alone, the trade sector provided  revenue of 378.7 billion drams ($896 million), with a monthly  increase of 12.8% (against 7.2% growth in June 2021).  

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4.5% increase in proceeds of Armenia`s communication sector in first  half 2022
 Tuesday, August 9 2022 12:37

ArmInfo.  In the first half of 2022, the proceeds of Armenia`s communication service system totaled AMD 73.965bln or $158mln  - a year-on-year increase of 4.5%.

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Accelerated growth of Armenian industrial sector was driven by  processing industry
 Monday, August 8 2022 18:13

ArmInfo. Production volumes in the industrial sector of Armenia in H1 2022 accelerated growth to 5.8% (from 2.1% a year earlier), reaching 1.2 trillion drams ($2.5  billion).  This is evidenced by the data of the RA Statistical  Committee, according to which the industry showed an increase of  17.1% with ay-o-y growth of 19 % in June alone  (June 2022 to June  2021).

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Double-digit growth in economic activity in Armenia is accompanied by  surge in imports and exports
 Friday, August 5 2022 16:17

ArmInfo. The growth of economic activity in Armenia accelerated in H1 2022 to 11.8% per annum (from 5% in the first half of 2021), exceeding even the pre-Covid 6.5%  growth in H1 2019, which was accompanied by a surge in imports and  exports.

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Production of aluminum foil in Armeniaincreased by 8% in June 2022
 Friday, August 5 2022 15:52

ArmInfo. 16,009.1 thousand tons of aluminum foil were produced in Armenia in H1 2022, which is 5.5% lower than the indicator of a year ago (against a 2.9% decline a  year earlier).

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Metallurgy industry of Armenia sums up H1 2022 with a 7% decline
 Friday, August 5 2022 15:51

ArmInfo.The metallurgy industry of Armenia reduced its volumes in H1 2022 by 7% while a year earlier in the same period a 20.3% growth was recorded.

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Further rise in food prices in Armenia 
 Thursday, August 4 2022 12:58

ArmInfo.This July, 9.3% inflation was recorded in Armenia's consumer market against 8.2% inflation last July because of a 12.9% rise in food prices (including  prices for cigarettes and alcohol) and an 8.2% rise in nonfood  prices, with a 5.7% rise in prices for services. Last July against  July 2020, a 13.1% rise in food prices and a 9.6% rise in nonfood  prices was recorded, with a 1.8% rise in prices for services. 

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Double-digit growth of economic activity in Armenia is accompanied by  high growth rates of imports and exports
 Monday, July 25 2022 17:06

ArmInfo. In Armenia, economic activity in H1 2022 increased by 11.8% per annum (against 5% growth in H1 2021 and 6.5% growth in H1 2019), which is accompanied by high growth rates of imports and exports. In June of this year, by June  2021, economic activity increased by 18.5% (against 8% growth a year  earlier and 3.4% growth in 2019), while in June 2021 alone  accelerating growth to 17% from 6.1% in May (against a similar growth  acceleration in June 2021 from 2% to 12%, and a slowdown from 8.4% to  8.2% in June 2019). This is evidenced by the preliminary data of the  RA Statistical Committee. 

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In Q1 2022, unemployment rate in Armenia decreased to 14.8%
 Wednesday, July 13 2022 18:57

ArmInfo. In Q1 2022, the unemployment rate in Armenia decreased to 14.8% from 16.7% in the same period a year earlier, but compared to the indicator for Q4 2021  (14.5%), it was slightly higher. This is evidenced by the data of the  RA Statistical Committee.

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South Caucasus Railway company transports 1.5mln tons of cargoes in  first half of 2022
 Tuesday, July 12 2022 13:30

ArmInfo.In the first half of 2022, the South Caucasus Railway company transported a total of 1.5mln tons of cargoes, as much as in the first half of 2021.

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Armenia`s metallurgy industry records 5.8% decline in Jan-May 
 Tuesday, July 12 2022 11:33

ArmInfo. This January-May, Armenia's metallurgy industry recorded a 5.8% decline in the output against a 17% growth last January-May. 

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Year-on-year inflation over 10% on Armenia`s consumer market in June  2022
 Wednesday, July 6 2022 17:17

ArmInfo.The annual inflation reached 10.3% on Armenia's consumer market this June (against 6.5% last year) due a 16.1% rise in prices for food products (including  alcohol and cigarettes), and a 7.5% rise in prices for nonfoods, with  a 5.3% rise in prices for services against an 8.8% rise in prices for  food products, 9.5% rise in prices for nonfoods and  2.1% rise in  prices for services last June against June 2020. 

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Service sector is main driver of double-digit economic growth in  Armenia
 Monday, June 27 2022 17:58

ArmInfo.In Armenia, the growth of economic activity accelerated in January-May 2022 to 10.2% per annum (from 4.3% a year earlier), which is accompanied by high growth rates  of exports and imports. In May of this year, by May 2021, economic  activity accelerated growth to 13% (from 10.9% a year earlier), while  increasing by 6.1% in May 2022 (against 2% growth in May 2021 and  5.3% growth in April 2022).

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Russia significantly increased pork exports to Armenia
 Friday, June 17 2022 14:49

ArmInfo. Russia has significantly increased the export of pork to Armenia. This was  announced on the sidelines of the St. Petersburg International  Economic Forum (SPIEF- 2022) by head of Rosselkhoznadzor (Federal  Service for Veterinary and Phytosanitary Surveillance) Sergey  Dankvert.

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Growth in Armenia`s services sector
 Friday, June 10 2022 13:02

ArmInfo. In January-April 2022, Armenia`s services sector recorded a 23.5% year-on-year growth against a 2.9% decline last January-April - up to AMD 698.2bln (over  $1.4mln). This April alone, the services sector's proceeds totaled  AMD 194.9bln ($413.9) - a 2.1% growth. 

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