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.

ArmInfo. In January-July 2023, Armenia topped the list of Georgia's trade partners in terms of  exports, USD495.0mln, civil.ge reports. 

ArmInfo. Last year, Armenia's wine exports totaled 4.7mln liters, a 52.2% increase as compared with  2021, with the customs value totaling $18.8mln (a 62.4%).  

ArmInfo. Armenia will export confectionery to the EU, the Food Safety Inspection Body of Armenia  told ArmInfo. 

ArmInfo. Armenia's GDP growth in H1 2023 slowed down to 16.1% per annum (from 18.3% in the same period  in 2022), exceeding 3.9 trillion drams or $10.1 billion, according to the data of the RA Statistical Committee.

ArmInfo.On September 14, the Armenian-Korean forum on economic cooperation will be held in  Yerevan.

ArmInfo.The import of oil products to Armenia in 2022 increased by 6.8% per annum, slightly  exceeding 519 thousand tons. The customs value increased by 54.3% - up to $574.2 million, according to the data of the Customs Service of Armenia.

ArmInfo. At the end of 2022, Armenia increased sugar exports 6.7-fold- up to 1.310 thousand tons,  with an increase in customs value 8.5-fold- up to $1.2 million,  according to the data of the RA Customs Service.

ArmInfo.The Armenian dram has shown a steady appreciation against the currencies of the trading partner countries since the beginning of Q2 2022. In July of this year, compared to the  beginning of 2022, the Armenian dram appreciated against a basket of  currencies: - by 19.8% y/y against the dollar, by 21.7% y/y against  the euro, by 32.4% y/y against the Russian ruble. In terms of the  real effective exchange rate, the Armenian dram appreciated by 33.6%  in 2022 and by 40% in June 2023 compared to the beginning of 2022.