ArmInfo. Preparations for the 5th Eurasian Economic Forum, scheduled to take place on May 28-29 in Astana, are entering the final stretch. The work of the Eurasian Economic Commission's sectoral blocs was discussed at a press conference on May 13 with five EEC ministers, at the Commission's  press center.

ArmInfo.Currently, Armenia is facing an important energy choice, one with a geopolitical dimension. Anastasia Ponomareva, PhD in sociology and professor at the Institute of International Relations at the National Research  Nuclear University, made this statement at a press conference in Yerevan on "BRICS+ Nuclear Energy Cooperation." She acknowledged that Armenia is currently in the process of selecting a partner for the  construction of a new nuclear power plant.

ArmInfo. The State Atomic Energy Corporation Rosatom guarantees the operation of the Armenian  Nuclear Power Plant (NPP) in Metsamor in compliance with  the highest quality standards, allowing it to act as a stabilizer and a powerful energy support for Armenia's development, as stated by Dmitry Litskaya, Advisor at the Russian Embassy in Armenia,  at a press conference in Yerevan  "BRICS+ Cooperation in Nuclear Energy."

ArmInfo. From August 31 to September 2, Armenia will participate in Texworld Apparel Sourcing  Paris, one of the largest international textile and clothing industry exhibitions in Europe.

ArmInfo. Armenian brands will be presented for the first time at Copenhagen Fashion Week (CPHFW), taking place from August 6 to 8 in the Danish capital. As ArmInfo was informed by the press service of the Fashion and Garment Chamber of Armenia (FGC), Armenian brands, including Ariga Torosian, Avetisian Jewelry, Loom Weaving, Ruzane, Soncess and True Romance will take part in  the three-day POET Concept showroom as part of CFW.

ArmInfo.Armenia can integrate into any international scheme that aligns with its interests. As for BRICS, I cannot say what decision will be made.

ArmInfo. The EAEU agreements on free trade zones with the United Arab Emirates (UAE), Indonesia and Egypt are at a high level of development. As reported by TASS, this was stated by the Russian of Industry and Trade Minister Anton Alikhanov at a meeting of BRICS industry ministers. "Free trade agreements are a major and effecient mechanism of developing the EAEU's relations with foreign partners.

ArmInfo. Armenia can play an  important role for the BRICS countries in terms of accessing European  markets. This was stated by Sameep Shastri, Vice Chairman of the  BRICS Chamber of Commerce and Industry, in an interview with  journalists at the international forum "New Horizons of Cooperation  between Armenia and the EAEU with BRICS and SCO" on August 8 in  Yerevan.  He recalled that when the BRICS concept was first  introduced, many people were skeptical about it because the countries  are located in completely different parts of the world.  "But as we  have seen, this concept has proven itself. In relation to Armenia,  logistics routes can be very important because they could play a  significant role in moving towards Europe," Shastri noted.  When  asked to describe the practical steps being taken, the BRICS  representative acknowledged that things are not easy at the moment,  but assured that progress is not standing still.  "A couple of years  ago, we could not imagine the existence of electronic cars or  electronic banking, both of which are now actively being implemented.  Therefore, I believe that the most important step in logistics is  improving and developing infrastructure. Currently there are planes  that use more cost-effective energy sources. Consequently, it is  necessary to enhance the technological aspects of transportation  routes, create new roads and establish new routes for supplies,  deliveries and technological transfer," Shastri added.  At the same  time, he emphasized that for the BRICS countries, Armenia is  primarily interesting for its rich resources, especially in  agriculture. "In order for a shift of power to occur in the  international arena, we need countries that can develop their  economies and become strong players," he concluded.  Tatyana  Seliverstova, a member of the board of the ANO "Leaders of  International Cooperation", advisor to the director of the Chinese  Center for Technology Transfer of the SCO Member States and a  director of the BRICS business incubator, discussed the opening of  the Armenia-BRICS Business Cooperation Center in Yerevan today. She  emphasized that the main goal of the Center  is to promote Armenian  businesses in international arena with BRICS countries.  "Additionally, the center aims to attract investments and trade  partners from the BRICS countries to Armenia. It will be a  coordination hub for economic cooperation between Armenia and the  BRICS countries. We will find specialized partners at the request of  Armenian businesses, we will secure additional investments for  projects that have the potential to attract foreign investments  and  will facilitate business exchanges  between communities and  entrepreneurs," she concluded.

ArmInfo. The Armenia-BRICS  Business Cooperation Center has officially started its activities in  Yerevan. The launch of the Center was announced on August 8, during  the international forum "New Horizons of Cooperation between Armenia  and the EAEU with BRICS and the SCO".  

ArmInfo. The time has come for BRICS and SCO to jointly transform from a unipolar to a multipolar world. This was stated by Deputy Chairman of the BRICS Chamber of Commerce and Industry Sameep Shastri during his welcoming speech at the opening of the international forum "New Horizons of Cooperation between Armenia and the EAEU with BRICS and SCO" on August 8 in Yerevan.

ArmInfo. Deep Barot, Technology, Energy and Metals Investor posted the following message  on his X account: 

ArmInfo.The Council of the Eurasian Economic Commission decided to exempt food products and goods used in their production from import customs duties for six  months.  "This will definitely have a positive impact on prices,"  Armenian Prime Minister Nikol Pashinyan stressed on March 24 at a  government meeting.

ArmInfo.The production volumes of Armenia's textile industry have increased 2.1-fold in a year, providing production volumes in the amount of 1.9 billion drams  (over $3.7 million). 

ArmInfo.The Ministry of Economy announced the launch of a program to assist the textile industry in Armenia. According to the press service of the Ministry,  the program is being implemented in Armenia with the financing of the  "Good Governance Fund" of the United Kingdom government, with the  support of the European Bank for Reconstruction and Development  (EBRD), in cooperation with the Business Assistance Office. The  program is aimed at the sustainable, inclusive development of the  textile industry in Armenia.

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.

ArmInfo.The ban on Turkish imports to Armenia should not only be extended, but also supplementedby import substitution. Chairman of the Republican Union of Employers  of Armenia, economist Gagik Makaryan expressed a similaropinion to  ArmInfo.

ArmInfo. The revenue of the textile industry in Armenia in January-October 2021 compared to the same period in 2020 increased 2.1-fold, exceeding 1.4 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 fabrics and bed linen.

ArmInfo. The revenue of the textile industry in Armenia increased in January-September 2021 compared to the same period in 2020 2.3-fold (against a 39.5% decline  a year earlier), amounting to 1.3 billion drams. As evidenced by the  data of the Statistical Committee of the Republic of Armenia, such  dynamics is due to a tangible increase in the production of fabrics  and bed linen.

ArmInfo.Ambassador Extraordinary and Plenipotentiary of the Syrian Arab Republic to the Republic of Armenia Mohammad Ahmad Haj Ibrahim proposed to Minister  of Economy of Armenia Vahan Kerobyan to organize an exhibition with  the participation of Syrian business circle. The proposal was  announced during today's meeting.

ArmInfo. In H1 2021, Armenia's textile industry has grown 3- fold compared to the same period in 2020, (against a 32.2% decline in the previous year), amounting to  844.8 million drams. This is evidenced by the data of the RA  Statistical Committee. During the month alone, production volumes  decreased by 1.9% to 155.9 million drams.  The growth in the textile  industry was provoked by a 5-fold increase (against a 1.8-fold growth  a year earlier) fabrics produced by Armenian factories - up to 14.5  tons. A significant  y-o-y growth was recorded in the production of  bedding sets - 5.1 times to 92.6 thousand pieces. (instead of 2.3  times growth over the same period in 2020)