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.

ArmInfo.Last year, industrial output totaled AMD 92.4bln in Armenia's Lori province, local  officials told Armenia's Premier Nikol Pashinyan. 

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.

ArmInfo.The sharp increase in capital expenditures announced by the Armenian government in 2023  threatens to become "a manifesto of good wishes". The experts of the LUYS Foundation, who analyzed the report on the execution of the state budget of the Republic of Armenia for H1 2023, reached this conclusion.

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.We have prepared a document on a permanent free trade regime between Iran and the EAEU countries for final signing. This was stated by the Minister of Economy of Armenia Vahan Kerobyan on the sidelines of the opening of the "Free Economic Zones of Iran" exhibition.

ArmInfo.Armenia and Iran intend to facilitate mechanisms, including in the field of collecting customs duties on the border of the two countries. This was discussed at today's  meeting between Head of the State Revenue Committee (SRC) of Armenia  Rustam Badasyan and Advisor to the President of the Islamic Republic  of Iran, Secretary of Iran's Free Zones High Council, Hojatollah  Abdolmaleki.

ArmInfo.The working group led by Armenian Minister of Economy Vahan Kerobyan will soon present  a project of a new India-Europe transport corridor. This was stated  on the sidelines of the "Free Economic Zones of Iran" exhibition by  the head of the Armenian economic department Vahan Kerobyan. He  stressed that the project will be presented to partners from Iran,  India and Georgia.

ArmInfo.Armenia's hospitality and tourism industry needs investments and communication,  Hrant Badasyan, Hrant Badasyan, President of the National Union of the Hospitality Industry (OSIG) and co-founder of Impulse Management Company, stated at a business lunch with the Armenian and Russian ministers of economy. 

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.In July, the Russian market continued to grow, having renewed its highs since the beginning of the year. Which papers should be bet on in the medium term - in our interview, an independent expert, economist Tserazov Konstantin Vladimirovich (Konstantin Tserazov) told.

ArmInfo. We have to discuss the issue of priorities for the further development of the EAEU, Prime  Minister of Belarus  Roman Golovchenko said on August 24 at an  extraordinary meeting of the Eurasian Intergovernmental Council in  Tsaghkadzor, Armenia.

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ArmInfo. It is extremely important that the peoples and business communities of the EAEU  countries feel the concrete benefits of integration. This was stated by Prime Minister of the Republic of Kazakhstan Alikhan Smailov on August 24 at an extraordinary meeting of the Eurasian  Intergovernmental Council in Tsaghkadzor, Armenia.

ArmInfo. Within the framework of the session of the Eurasian Intergovernmental Council, the meeting  of the Prime Minister of Armenia Nikol Pashinyan and the Russian Prime Minister Mikhail Mishustin took place in Tsakhkadzor.