ArmInfo. The foundation-laying ceremony of a highway bridge, customs and border  infrastructure has today been held in the vicinity of the Aghband  settlement of Azerbaijan's Zangilan district as part of the  Memorandum of Understanding between the Government of the Republic of  Azerbaijan and the Government of the Islamic Republic of Iran signed  on March 11, 2022, the Azerbaijan State News Agency (AZERTAC)  reports.

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ArmInfo. The service sector of Armenia in January-August 2023 maintained double-digit growth, but  the y-o-y pace slowed down significantly - from 27.1% to 14.8%. According to the data of the RA Statistical Committee, during the reporting period the service sector provided a volume of 1.9 trillion  drams ($5 billion). In August alone, the volume of services provided  increased by 4%, amounting to 268.7 billion drams ($695.8 million).

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ArmInfo. Armenia is rapidly increasing its foreign trade with the USA (2.1-fold), UAE (2.4-fold)  and many EU countries (2-2.8-fold), in parallel, no less noticeably  increasing foreign trade turnover with Japan, Korea and Canada  (2.5-3. 5-fold), according to the data of the RA Statistical  Committee for January-August 2023.

ArmInfo. Revenue of the Armenian communications sector in January-August 2023 amounted to  105.3 billion drams, modestly accelerating in y-o-y growth from 4.5%  to 5.1%, according to the data of the RA Statistical Committee.

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ArmInfo. Based on the results of the meeting between Prime Minister Nikol Pashinyan and European  Commission President Ursula von der Leyen, a joint statement was adopted. The statement particularly reads as follows,

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ArmInfo. For many years we have not had any geographic diversification of exports; accordingly,  we are completely dependent on the Russian market. Export Armenia Association co-founder Anna Beklyarova noted this during a press conference on October 5. "This problem is as old as time, which aggravates our situation," she emphasized.

ArmInfo. When changes are introduced in Russia regarding certification, quality requirements,  inspections, the state gives its manufacturers a period of 3 to 6 months to prepare for new regulations, in the case of our manufacturers, the innovations came into force immediately after the warning, which hit our pockets hard.  Marina Arakelyan, commercial director of the Van 777 wine and brandy factory (Ararat region),  noted during a press conference on October 5.

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ArmInfo. In Armenia, the growth of economic activity in January-August 2023 slowed to 10.4% per annum  (from 13.9% a year earlier), accompanied by a noticeable slowdown in the upward dynamics of exports and imports, according to the final data of the RA Statistical Committee.

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