ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo. A delegation of the International Monetary Fund (IMF) led by Mr Jihad Azour, Director of the IMF Middle  East and Central Asia Department, and Ms Iva Petrova, IMF Mission Chief for Armenia, was on a visit to Armenia recently. In an interview with Mr Emmanuil Mkrtchyan, CEO, ArmInfo News Agency, Mr Jihad Azour said that the IMF delegation visited Armenia on the occasion of the 30th anniversary of the Armenian national currency  and foundation of the Central Bank of Armenia, landmarks in Armenia's history.

ArmInfo.

ArmInfo. The growth of economic activity in Armenia in Jan-July 2023 slowed down to 10.4%  per annum (from 13.1% a year earlier), affecting the pace of exports  and imports. In July of this year by July 2022, the growth of  economic activity slowed down more noticeably - to 6% (from 19.4% a  year earlier), while  in July 2023 alone slowing growth to 7.6% from  June 9.9%, which was more pronounced in July 2022 - up to 8.5% from  June 17%, according to  the final data of the RA Statistical  Committee.

ArmInfo.

ArmInfo.On September 1, 2023, Armenia's Vice-Premier Mher Grigoryan hosted a delegation of  the International Monetary Fund (IMF) led by Mr Jihad Azour, Director of the IMF Middle East and Central Asia Department. 

ArmInfo. Armenia and Egypt discussed opportunities for enhancing mutual trade. This was reported  by the press service of the Ministry of Economy, referring to the results of the meeting of Minister of Economy of Armenia Vahan Kerobyan with  Ambassador of Egypt to Armenia Serenade Soliman Gamil.

ArmInfo.In 2022, Armenia reduced the volume of exports of copper ore by 4.4% - to 410.6  thousand tons (against a 15.7% decline in 2021). In value terms, the export of copper ore also decreased - by 13.8%, totaling $663 million.

ArmInfo.On Aug. 25, 2023, S&P Global Ratings raised its long-term foreign and local currency  sovereign credit ratings on Armenia to 'BB-' from 'B+' and affirmed its short-term foreign and local currency sovereign credit ratings at 'B'. The outlook is stable.  

ArmInfo. Armenia's Minister of Economy Vahan Kerobyan hosted Mr Hojjatollah Abdolmaleki,  Secretary of the Supreme Council of Free Trade-Industrial and Special Economic Zones of Iran. 

ArmInfo.This January-July saw a ecline in economic activity to 10.4% (against 13.1% last Jan-July)  in Armenia, which affected exports and imports. This July, 6% economic activity was recorded (against 19.4% last July), with 7.6% growth recorded this July against 9.9% this June, and 8.5% last July  against 17% last June. 

ArmInfo. In the first half of this year, about 300 companies with Iranian capital opened in  Armenia. Minister of Economy of Armenia Vahan Kerobyan told  journalists on the margins of the opening of the "Aras" free economic  zone exhibition. "I think that the intensity is quite good, but we  have wider opportunities.

ArmInfo. There is a substantial gap between the RUB and AMD exchange rates, Russian  Minister of Economic Development Maxim Reshetnikov told a briefing preceding a business lunch attended by Armenian and Russian businessmen. 

ArmInfo.This January-July,Armenian-Russian trade recorded a 70% growth, up to $3.7bln, with Armenia's exports to Russia totaling $2bln and Russia's exports to  Armenia, $1.7bln, Armenia's Minister of Economy Vahan Kerobyan stated  at a business lunch attended by Armenian and Russian businessmen.  

ArmInfo.Despite all the challenges, the difficult international situation, the EAEU is  developing well, the trade turnover between the EAEU countries is growing at a steady pace.

ArmInfo.

ArmInfo.Armenia has every opportunity to reach 9% economic growth by the end of the year, but I  will not rule out that if the situation is favorable for the country,  growth may reach 11-12%. A similar forecast was voiced by Tatul  Manaseryan, Doctor of Economics, professor, head of the "Alternative"  Research Center, a member of the Eurasian Expert Club.

ArmInfo.The cargo transportation in Armenia registered a serious growth, but, nevertheless, our country still remains problematic in the context of transport communications. Tatul Manaseryan, Doctor of Economics,  professor, head of the "Alternative" Research Center, a member of the Eurasian Expert Club stated during a press conference on August 22.