ArmInfo.  In Q1 2025, Armenia's metallurgical industry saw a 20% reduction in production compared to the same period in 2024 (against 36% growth a year ago). According to the RA Statistical Committee, the shift from growth to decline is due  to the deterioration in the dynamics of copper and molybdenum  concentrate production, and the ongoing reduction in ferromolybdenum and aluminum foil production. 

ArmInfo.

ArmInfo.

ArmInfo.  In the first quarter of 2025, Armenia's industrial sector experienced a decrease in production volumes by 18.5% per annum (compared to a 30.4% growth in the same period of 2024), totaling about 600 billion drams ($1.5 billion). However, in March alone, industrial production volumes increased by 15.9% to 219.3 billion drams ($558.4 million), as reported by the RA Statistical Committee.  The decline in the annual  dynamics of the industrial sector was primarily due to reduced  volumes in the manufacturing industry and an accelerated decline in the mining industry.

ArmInfo.  The International Finance Corporation (IFC) has expressed its readiness to invest in the energy and transport sectors of Armenia. This was stated by Ivana Fernandez  Duarte, Regional Director of the International Finance Corporation (IFC) in the South Caucasus, at a meeting with the Minister of Territorial Administration and Infrastructure of Armenia David Khudatyan.  As reported by the press service of the Ministry of Territorial Administration of Armenia, the parties also discussed a number of other issues of mutual interest.

ArmInfo. Wizz Air has announced the opening of its 34th base in Yerevan. In addition, the low-cost airline is expanding air service with Armenia, launching 8 new destinations in 6 countries.

ArmInfo.  Armenian Minister of Economy Gevorg Papoyan received the head of Yandex in Armenia Aram Mkhitaryan.

ArmInfo.

ArmInfo. The Armenian-Georgian business forum took place in Yerevan today, as reported by the press  service of the Ministry of Economy.  According to the source, over 200 entrepreneurs from Armenia and Georgia, representing a variety of industries such as pharmaceuticals, jewelry, construction, communications and IT, and tourism, participated in the event.  

ArmInfo. Investments totaling 4 billion 688.9 million drams are planned for the construction of the  buildings of the National Center for Mental Health under the Ministry of Health of Armenia, 37.12% of which have already been invested, the press service of the Prime Minister reports.  Pashinyan visited the Center, which was modernized within the framework of the Government's program for 2021-2026. Accompanied by the Minister of Health, he toured the center to get acquainted with the work being done.

ArmInfo.

ArmInfo.

ArmInfo. Large-scale changes may occur in the Armenian economy with the introduction of international  standards in various sectors of our life- construction, food production, etc.

ArmInfo. In the Armenian banking system's total loan portfolio, loans related to banking fraud and  cyberattacks make up only 0.1%. This was stated by the Chairman of the Central Bank of the Republic of Armenia, Martin Galstyan, during a press conference on May 6, while addressing the growing incidence  of banking fraud in some banks in the country. 

ArmInfo. The world-famous Belgian pop and rock band HOOVERPHONIC will perform in Armenia for the first  time. Two stunning concerts will be held in the Armenian capital on May 7 and 8 at the Aram Khachaturian Concert Hall.

ArmInfo. In Armenia, a four-month inflation rate of 2.5% was driven by increases in food and services, which rose by 4.9% and 1.1%, respectively, while the prices of non-food products decreased by 0.4%. A similar trend was observed the previous year, but during January-April 2024, inflation was lower - 0.8%. This lower rate was also attributed to a rise  in food prices by 1.8% and an increase in service prices by 0.9%, while non-food products saw a decrease in prices by 1.6%. This is evidenced by  data  from the RA Statistical Committee. 

ArmInfo.

ArmInfo.

ArmInfo.  In January-March 2025, Armenia's economic activity growth significantly slowed to 4.1% per annum (from 14.3% in the same period of 2024). Moreover, the industrial sector, which was the main  driver of growth a year earlier, is now experiencing a double-digit decline. 

ArmInfo.