Wednesday, August 7 2024 15:42
ArmInfo. Russia continues to be the primary supplier of wheat, flour and corn to Armenia. According to the RA Customs Service, in 2023, Armenia imported 343.6 thousand tons of wheat, which is 5.8% lower compared to the previous year. At the same time, the Russian Federation accounted 99.9% of these imports, with the remaining volume divided between Hungary and Kazakhstan. The customs value of the imported wheat also decreased by 38.6% to $62.8 million. Wheat exports from Armenia decreased by 96.6% to 122.8 tons, with a 75.4% decrease in customs value to $179.4 thousand. The entire volume was destined for the Russian market. During the reporting period, 65.5 thousand tons of wheat flour were imported into the country, showing a 2-fold increase from the previous year, with a decrease in customs value by 11.2% to $10 million. 99.5% of wheat flour supplies were imported from Russia, while the remaining volume came from Italy, Kazakhstan, China, Belarus, France, Germany and Spain. In the same period, Armenia increased its wheat flour exports by 5.9 times to 35.1 tons. >>>
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Wednesday, August 7 2024 12:10
ArmInfo.In 2023, Armenia increased car imports by 86.3% to 86.8 thousand units. Accordingly, the customs value also increased - by 84.5% to $ 1.3 billion. This is evidenced by the data of the RA Customs Service. >>>
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Tuesday, August 6 2024 21:02
ArmInfo. In 2023, Armenia
exported 25.2 thousand tons of aluminum foil, with an annual decrease
in volumes of 22.5% (versus a decline of 4.2% in 2022). Accordingly,
the customs value of exported aluminum foil also decreased - by 31.5%
to $ 87.3 million. This is evidenced by the data of the Customs
Service of the Republic of Armenia. >>>
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Tuesday, August 6 2024 20:22
ArmInfo. According to the
results of 2023, the main sugar import markets for Armenia were
Russia and Brazil. Moreover, the share of Russian sugar exceeds the
volumes of Brazilian sugar, while for many years Brazil was the main
importer of sugar for Armenia. >>>
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Tuesday, August 6 2024 19:34
ArmInfo.In 2023, Armenia
increased diamond exports by 88.2% to 4,458.7 thousand carats, with a
customs value increase of 41.5% to $592.8 million. This is evidenced
by the data of the RA Customs Service >>>
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Tuesday, August 6 2024 19:24
ArmInfo. In 2023, Armenia increased its export and import of gold (including galvanic sputtering) several times. According to the data of the Customs Service of Armenia, last year Armenia exported 29,122.3 kg of gold, which is 3.2 times more than the figure for the previous year (against a 2.3-fold increase in 2022). The customs value increased 4.3 times, amounting to $1.8 billion. >>>
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Tuesday, August 6 2024 16:05
ArmInfo. In the first half of 2024, 864,629 citizens of the Armenia returned to Armenia from abroad, while 887,522 citizens of Armenia left the country. >>>
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Tuesday, August 6 2024 14:20
ArmInfo. According to data from the RA Statistical Committee, wine production volumes in Armenia significantly decreased in the first half of 2024, while cognac production increased. In particular, the annual decline in wine volumes amounted to 38.5%, while the annual growth in cognac volumes was 14.7%. >>>
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Tuesday, August 6 2024 12:14
ArmInfo. According to data from the Statistical Committee of Armenia, the population of Armenia as of July 1, 2024 reached 3,057.8 million people, increasing by 3.8% or 112.3 thousand people year-on-year (compared to 0.8% growth or 23.2 thousand people a year earlier). >>>
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Monday, August 5 2024 18:39
ArmInfo. The revenue of Armenia's communications sector in the first half of 2024 amounted to 81.4 billion drams ($205.6 million), showing an annual growth rate increase from 4.7% to 5%. This information is supported by data from the RA Statistics Committee, according to which in June of the same year, the total revenue of the communications sector was 13.9 billion Armenian drams, with a month-on-month growth of 1%. >>>
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Monday, August 5 2024 17:48
ArmInfo. In Armenia, in the first half of 2024, the services sector experienced a slowdown in annual growth from 16.8% to 4.4%, reaching a total volume of 1.5 trillion AMD ($3.9 billion). According to data from the RA Statistics Committee, in June alone, the volume of services provided increased by 5.6%, totaling to 282.8 billion AMD ($728.9 million). The annual growth slowdown was primarily caused by a decline in the performance of the leading sectors in terms of service volume, the information and communications and the transport, which are traditionally in the TOP-5 in terms of services provided. >>>
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Monday, August 5 2024 16:41
ArmInfo. Armenia's metallurgical industry has experienced a growth, shifting from a 7% decline to 8% growth. This is evidenced by the data of the RA Statistical Committee for the first half of 2024. >>>
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Monday, August 5 2024 14:44
ArmInfo. In Armenia, economic activity growth in the first half of 2024 slowed to 10.4% per annum (from 11.4% in the same period of 2023). But unlike last year, the industrial sector has become a key growth driver. According to the final data of the RA Statistical Committee, this is accompanied by continued high growth rates of exports and imports. >>>
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Friday, July 12 2024 11:06
ArmInfo. Wine production in Armenia in January-May 2024 decreased by 32.6% per annum, amounting to 3.8 million liters, sparkling wine (champagne) - by 19.3% to 444.8 thousand liters. This is evidenced by the data of the Statistical Committee. >>>
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Tuesday, July 9 2024 14:52
ArmInfo. In the first quarter of 2024, the unemployment rate in Armenia was 15.5%, while a year
earlier for the same period the unemployment rate was slightly lower - 13.7%. This is evidenced by the data of the RA Statistical Committee. >>>
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Tuesday, July 9 2024 12:22
ArmInfo.In 2024, the growth of the Armenian economy will slow down slightly, but will remain at a
high level of 6.3%. This is stated in the regional economic review of the Eurasian Fund for Stabilization and Development (EFSD) for the summer of 2024. >>>
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Tuesday, June 25 2024 17:55
ArmInfo. The industrial price index began to rise in Armenia. Thus, in January-May 2024, the industrial price index was 102.2% (versus 98.4% in the same period of 2023), amid the sharp acceleration in the y-o-y growth of the industrial sector from 3% to 22% in January-May 2024, up to 1.2 trillion drams ($2.97 billion). >>>
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Tuesday, June 25 2024 17:54
ArmInfo.The growth of economic activity in Armenia slowed down to 11.2% per annum in January-May
2024(from 12.5% in the same period of 2023). But, unlike last year, now the industrial sector is the driving force of growth. According to preliminary data from the RA Statistical Committee, this is accompanied by continued high growth rates of exports and imports. >>>
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Thursday, June 6 2024 12:11
ArmInfo. In Armenia, the growth of economic activity in January-April 2024 accelerated to 13.2% per
annum (from 12.2% in the same period of 2023). But unlike last year, now the driver of growth is not only the trade sector, but also the industrial sector. As evidenced by the final data of the RA Statistical Committee, this was accompanied by continued high growth rates of exports and imports. >>>
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Wednesday, June 5 2024 15:47
ArmInfo. YOY inflation in Armenia decreased from 1.3% to 0.3% in May, due to cheap prices of the most
demanded food products. Thus, in May 2024 compared to May 2023, food products decreased in price by 1.1%, almost repeating last year's decline of 1.2%. Moreover, butter, buckwheat, pasta, flour, cereals,
cheeses, fish, sugar, and meat fell in price most noticeably. >>>
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