Armenian service sector generated revenue of $1.2 billion in first  two months

 Monday, April 8 2024 16:56:00
Armenian service sector generated revenue of $1.2 billion in first  two months

ArmInfo.Service sector of Armenia provided revenue in the amount of 473.1 billion drams in Jan-Feb 2024 ($1.2 billion), slowing down in y-o-y growth from 23.5% to 5.2%. This is evidenced by data from the RA Statistical Committee, according to which in February alone, the service sector showed a decline of 0.3% - to 236.2 billion drams ($584.2 million).

Electricity generation in Armenia slowed down y-o-y growth rate in Q1
 Wednesday, May 5 2021 15:54

ArmInfo. In the first quarter of 2021 electricity generation in Armenia amounted to 2,112.9 million kWh, with a slowdown in y-o-y growth from 14.8% to 1.4%. But in March  alone, an increase of 16% was recorded - up to 736.1 million kWh.  This is evidenced by the data of the RA Statistical Committee.

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Armenia`s industrial sector in the first quarter of 2021 reduced  production volumes by 3.9% per annum
 Wednesday, May 5 2021 15:26

ArmInfo. Industrial sector of Armenia in the first quarter of 2021 reduced production by 3.9% per annum (against 8.7% growth a year earlier), amounting to 470.4  billion drams ($ 897.5 million). But in March alone, the volume  increased by 9.1% - to 175.2 billion drams ($ 332.1 million).

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Negative foreign trade balance of Armenia decreased in the first  quarter of 2021 by 16.8% per annum
 Monday, April 26 2021 17:30

ArmInfo.The growth of exports against the background of the accelerating decline in imports reduced the negative balance of Armenia's foreign trade turnover in the first  quarter of 2021 by 16.8% per annum, against a decline of 13.4% a year  earlier.

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Armenia`s trade sector was in decline in January-February 2021
 Tuesday, April 13 2021 11:51

ArmInfo. The trade sector of Armenia in January-February 2021 showed a decline of 11.3% (against 6.3% growth a year earlier), providing a turnover of 412.5 billion  drams ($789.6 million).

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Revenue of the Armenian communications sector in January-February  2021 sank by 4.7% per annum
 Monday, April 12 2021 20:31

ArmInfo.Revenue of the Armenian communications sector in January-February 2021. It amounted to 21.8 billion drams ($41.7 million), which decreased by 4.7% per  annum (against 0.5% growth a year earlier). According to the RA  Statistical Committee, the lion's share of the total revenue received  was provided by the telecommunications sector-91.7% or 20 billion  rdrams, with the decline accelerating to 2.6% from 0.6% in the same  period a year earlier.

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Passenger transportation in Armenia delayed in decline due to the  coronacrisis
 Monday, April 12 2021 20:29

ArmInfo.The volume of cargo transportation in Armenia in January-February 2021 increased by 7.4% compared to the same period of the previous year - to 2,085.4  thousand tons, against an increase of 2.3% a year earlier. At the  same time, the growth was registered only in the line of road cargo  transportation, which accounts for 57% of the total volume or 1,189.7  thousand tons - by 15.7% per annum.

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Armenia`s steel industry was in decline by March 2021
 Monday, April 12 2021 18:40

ArmInfo. The metallurgical industry of Armenia for 2 months of 2021 reduced production by 1.4% per annum, against a 40.1% growth in the same period of 2020. This is evidenced by the data of the RA State Committee.

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Armenia reduced electricity generation by 5.8% per annum in  January-February 2021
 Monday, April 12 2021 17:38

ArmInfo. Electricity generation in the Armenia's GDP in January - February 2021 amounted to 1,376. 8 million kWh, with an annual decline of 5.8% (against an  increase of 23.1% a year earlier). However, only in February, a  decline of 14.5% was recorded - to 634.4 million kWh.

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Armenia`s manufacturing industry continues to sink
 Monday, April 12 2021 16:23

ArmInfo.The industrial sector of Armenia in January - February 2021 reduced production volumes by 7.9% (against 15.3% growth a year earlier), amounting to 295.2  billion drams ($565.1 million). The reversal of the trend from  ascending to descending is due to the deep subsidence of the  manufacturing industry against the background of the slowed growth of  mining production.

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Armenia`s unemployment rate drops to 16% in 2020
 Wednesday, April 7 2021 18:51

ArmInfo.In 2020, the unemployment rate in Armenia fell to 16% from 17.1% in 2019. This is evidenced by the data of the RA Statistical Committee.  

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Armenia`s foreign trade turnover decreased in January-February 2021  by 12.2% per annum
 Tuesday, April 6 2021 21:50

ArmInfo.Armenia's foreign trade turnover in January-February 2021 amounted to $ 925.4 million, falling by 12.2% per annum. According to the final data of the  Statistical Committee of the Republic of Armenia, this was  accompanied by a more noticeable drop in import volumes - by 15.8% to  $ 571 million, than exports - by 5.5% to $ 354.4 million.  

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Armenia`s foreign trade turnover with the EU countries has been  delayed in decline
 Tuesday, April 6 2021 12:51

ArmInfo.Armenia's foreign trade turnover with the EU countries in January-February 2021 remained in a downward trend with an acceleration in annual rates from 1.9% to  3.2%, amounting to $188.9 million.

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Armenia`s consumer market recorded inflation of 3.8% in Q1 2021 with  5.2% y-o-y inflation 
 Monday, April 5 2021 18:56

ArmInfo. In the consumer market of Armenia in the first quarter of 2021, inflation was recorded at 3.8% against last year's 1.7%. In the first quarter of this year inflation  was mainly provoked by the rise in prices for foodstuffs by 6% and  non-foodstuffs by 4.3%, with an increase in tariffs for services by  0.9%.

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Armenia`s service sector starts 2021 with decline 
 Wednesday, March 10 2021 08:04

ArmInfo.In Armenia, the service sector in January 2021 reduced volumes by 10.3% per annum - to 129.8 billion drams (over $ 249 million), against 13.4% growth a  year earlier.

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Trade sector of Armenia dropped by 15.1% in January 2021
 Wednesday, March 10 2021 08:03

ArmInfo.Trade turnover in Armenia in January 2021 to the same period in 2020 decreased by 15.1% against growth by 10.3% a year earlier, amounting to 187 billion  drams ($ 358.6 million).

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Armenia`s foreign trade deficit reduced in January 2021 by 31.5% per  annum
 Wednesday, March 10 2021 08:02

ArmInfo. Armenia's foreign trade deficit decreased in January 2021 by 31.5% per annum - to $ 90.7 million, against the background of a decline in exports by 11.3% and  imports by 19% - to $ 156.6 million and $ 247.3 million. According to  the data of Armenia's Statistical Committee, trade turnvoer of  Armenia decreased in January by 16.8% per annum, amounting to $ 403.9  million.

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The volume of the metallurgical industry in Armenia in January 2021  dropped by 6.9%
 Tuesday, March 9 2021 19:55

ArmInfo. The metallurgical industry of Armenia in January 2021 against January 2020 reduced production by 6.9%, against 49.3% growth a year earlier. This is  evidenced by the data of the RA Statistical Committee.

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Armenal plant increased production of aluminum foil in January 2021  by 6.9%
 Tuesday, March 9 2021 19:55

ArmInfo. In Armenia, the production of aluminum foil in January 2021 compared to the same period in 2020 increased by 6.9% - up to 3,101 tons, against 37.2%  growth a year earlier. This is evidenced by the data of the RA  Statistical Committee.

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Electricity generation in Armenia increased by 2.2% per annum
 Tuesday, March 9 2021 19:53

ArmInfo. In January 2021, Armenia generated 742.4 million kWh.  electricity, which is 2.2% higher than a year ago (against an increase of 18.7% a year earlier).

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Armenia`s industrial sector declined by 10.8% in January 2021
 Tuesday, March 9 2021 19:52

ArmInfo.The volume of industrial production in Armenia in January 2021 versus the same period in 2020 decreased by 10.8% per annum (against growth by 13.4%  a year earlier) and compared to December 2020 by 42.9%, amounting to  137.3 billion drams ($ 263.5 million).

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