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).

Statistics: Armenian NPP reduced electricity generation by 27.5% in  2021, while production of solar power stations increased 4.2-fold
 Monday, February 7 2022 19:39

ArmInfo. Electricity generation in Armenia in January- December 2021 amounted to 7,674.9 million kWh, decreasing by 0.6% over the year (against an increase of  1.2% a year earlier). However, in December alone,  electricity  generation increased by 20.6% - up to 826.5 million kWh.  According  to the RA Statistical Committee, in January-December 2021, TPPs  increased electricity generation by 6.9% - up to 3,383.7 million kWh,  and HPPs - by 23.8%, up to 2,201.7 million kWh.

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Armenia`s metallurgical industry closed 2021 with slight increase
 Monday, February 7 2022 19:15

ArmInfo.The metallurgical industry of Armenia grew by 18.3% in 2021 due to the progressive growth in the production of castings from non-alloyed (carbon) steel  and ferromolybdenum, against the backdrop of a decrease in volumes in  the line of all other metals produced in the country. According to  the results of the previous 2020, the industry recorded a decline of  0.4%.

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In 2021, Armenia`s industrial sector grew, providing $ 4.7 bn
 Monday, February 7 2022 16:21

ArmInfo. In 2021, Armenia's industry was able to grow by 2.385 trillion drams ($ 4.7 billion), which is 3.3% higher than the indicator of a year ago (instead of a  decline of 0.9% a year earlier).

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Armenian banks` client base up by 3.8% by Nov. 2021 
 Wednesday, January 12 2022 17:15

ArmInfo. By November 1, 2021, the Armenian banks' client based reached 2,336,263 - 121,947 (3.8%) clients more than the previous year. 

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33 587 children were born in Armenia in 11 months
 Wednesday, January 12 2022 12:41

ArmInfo. In Armenia in January-November 2021, 33,587 children were born, which is 0.7% higher than a year ago, and in a two-year context, the growth was  1.9%. According to the RA Statistical Committee, the birth rate per  1000 inhabitants at the end of the reporting period amounted to 12.4  ppm, against 12.3 ppm in 2020 and 12.2 ppm in 2019.

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Service sector of Armenia reached 7.3% growth by December 2021
 Tuesday, January 11 2022 19:35

ArmInfo.In Armenia, the service sector in January-November 2021 increased volumes by 7.3% (against a 13.6% decline a year earlier), exceeding 1.6 trillion  drams ($ 3.3 billion). According to the RA Statistical Committee,  this is due to the improvement in the dynamics of services provided  in almost all areas.

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Trade sector in January-November increased turnover by 7.9% per annum
 Tuesday, January 11 2022 18:02

ArmInfo.The trade sector of Armenia increased its turnover in January-November 2021 against the same period of 2020 by 7.9% (against a decline of 13.5% a year  earlier), exceeding 2.9 trillion drams ($ 5.9 billion). According to  the RA Statistical Committee, in November 2021 alone, the trade  turnover in Armenia increased by 3.8%, amounting to 316.2 billion  drams ($ 662 million).

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Telecommunications revenue of Armenia increased by 4.5% in 11 months
 Tuesday, January 11 2022 18:02

ArmInfo.Revenue in the communications sector of Armenia in January-November 2021 amounted to 133.7 billion drams, having increased on a y-o-y terms basis 4.5%  (against a 3.4% decline in the previous year). This is evidenced by  the data of the RA Statistical Committee.

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Air passenger traffic increased 2.7fold over 11 months
 Tuesday, January 11 2022 17:06

ArmInfo. Freight traffic in Armenia in January-November 2021 compared to the same period in 2020, increased by 16.3% - up to 15,723.2 thousand tons (against 1.9%  growth a year earlier). This is evidenced by the data of the RA  Statistical Committee.

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Armenian textile industry continues to demonstrate progressive growth  rates
 Tuesday, January 11 2022 17:06

ArmInfo.The revenue of the textile industry in Armenia increased in January-November 2021 compared to the same period in 2020 2.2-fold, exceeding 1.7 billion  drams. As evidenced by the data of the Statistical Committee of the  Republic of Armenia, such a dynamic was provoked by a tangible  increase in the production of bed linen and fabrics.

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Alcohol industry in Armenia has increased production volumes
 Tuesday, January 11 2022 17:04

ArmInfo. In Armenia, over 11 months of 2021, the alcohol industry has increased production volumes for all alcoholic beverages produced in the country. This is  evidenced by the data of the RA Statistical Committee.

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Armenia`s metallurgical industry accelerates y-o-y growth rate to  double digits
 Tuesday, January 11 2022 15:54

ArmInfo. Metallurgical industry of Armenia for 11 months of 2021 accelerated its y-o-y growth rate to 16.9% from 1.7% in the same period in 2020. According  to the data of the Statistical Committee of the Republic of Armenia,  the improvement in dynamics is associated with a sharp increase in  the production of castings from unalloyed (carbon) steel, as well as  the continuing upward trend in the production of ferromolybdenum.

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Electricity generation in Armenia decreased by 2% in 11 months
 Tuesday, January 11 2022 15:11

ArmInfo.Electricity generation in Armenia in January- November 2021 amounted to 6 848.4 million kWh, with a y-o-y decline of 2% (against an increase of 1.8%  a year earlier). This is evidenced by the data of the Statistical  Committee of the Republic of Armenia, according to which in November  alone, electricity generation increased by 17.6% - up to 685.2  million kWh.

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Russia leads both in export and import in Armenia`s foreign trade  turnover
 Tuesday, January 11 2022 15:10

ArmInfo. Russia holds the lead in Armenia's foreign trade turnover in January-November 2021with a volume of more than $ 2.3 billion, with a change in y-o-y dynamics from the 2.8% decline to 18.4% growth, which turned out to be higher  than the rates of the same period of 2019, when the 12.6% growth was  registered.

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Manufacturing industry in Armenia has grown in 11 months
 Tuesday, January 11 2022 15:09

ArmInfo.The industrial sector of Armenia increased production in January-November 2021 by 2.7% (against a decline of 0.2% a year earlier), amounting to 2.1  trillion drams ($ 4.1 billion). As evidenced by the data of the  Statistical Committee of the Republic of Armenia, such dynamics is  due to the improvement in the trend of the manufacturing industry -  with the exit from recession to growth, with a negligible recession  in the mining sector.

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Economic activity up by 5.2% in Armenia in Jan-Nov 2021
 Tuesday, January 11 2022 12:04

ArmInfo.Last January-November saw 5.2% growth in economic activity in Armenia against 7.2% in the corresponding period 2020 and 7.5% in January-November 2019, along with two-digit growth in exports and imports. Much lower relevant  figures were recorded in the pre- COVID period, according to the  final data by the RA Statistical Committee.  

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Natural growth of Armenia`s population down to 32% in Jan-Oct, 2021 
 Tuesday, December 7 2021 17:43

ArmInfo.. This January-October, 30,282 children were born in Armenia, with the  birthrate being up by 0.4% as compared with the corresponding period  of last year.  During the period under review, the birthrate was  12.3% per thousand against 12.2% per thousand in the corresponding  period last year. 

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Armenia`s services sector record growth
 Tuesday, December 7 2021 17:42

ArmInfo. In January-October, 2021, Armenia`s services sector recorded a 6.4% growth as compared with the corresponding period last year (against a 12.8% decline in  the previous period) - up to AMD 1,525bln ($3bln). This October,  however, the services sector recorded a 1.5% decline, with its  turnover totaling AMD 168bln ($350mln). 

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Proceeds of Armenia`s trade sector $5.2bln in Jan-Oct 2021
 Tuesday, December 7 2021 17:30

ArmInfo.In January-October, 2021, the proceeds of Armenia`s trade sector totaled AMD 2,600bln ($5.2) - a 7% increase against a12.5% decrease last January- October. 

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4.1% increase in proceeds of Armenia`s communication sector in  Jan-Oct 2021 
 Tuesday, December 7 2021 15:20

ArmInfo. This January-October, the proceeds of Armenia`s communication service system totaled AMD 132.3bln - a year-on-year increase of 4.1% (against a 3.1% decline  last January-October).

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