ArmInfo. The dominant growth rate of exports relative to imports in 2021 will be able to contain the increase in Armenia's negative trade balance. Economist,  MP from  the "Civil Contract" party Babken Tunyan stated in an interview.

ArmInfo.

ArmInfo.Yerevan and Vienna announced an Armenian- Austrian business forum with the participation of representatives of 20 Austrian companies.

ArmInfo.

ArmInfo. If the West imposes sanctions on the Russian Federation, the Armenian economy will suffer to a greater or lesser extent, depending on the nature of these  sanctions. Chairman of the Central Bank of the Republic of Armenia  Martin Galstyan expressed this opinion on February 1 during a press  conference.

ArmInfo.According to the Central Bank's expectations, the inflationary impact from the  external sector on the Armenian economy still remains. Head of the  Central Bank of the Republic of Armenia Martin Galstyan stated this  during a press conference convened on February 1 regarding the next  increase in the refinancing rate.

ArmInfo. Armenia will continue to be active in the mortgage lending market. This opinion was expressed on February 1 during a press conference by Head of the  Central Bank of the Republic of Armenia Martin Galstyan, conditioned  his assessment by the continuing high level of supply and demand in  the real estate market.

ArmInfo. The Central Bank of Armenia forecast inflation to approach the target threshold (4%, +/-1.5) by the end of 2022. Chairman of the Central Bank of Armenia  Martin Galstyan said this during the press conference on raising the  refinancing rate on February 1, forecasting 5-5.5% inflation for  2022.

ArmInfo. On February 1 this year, 500 thousand shares of ACBA Bank in the amount of 7.5 billion drams have been listed on the Armenia Securities Exchange  (AMX), and from this day, individuals and legal entities, both residents and non-residents,  have the opportunity to purchase these shares. This is noted in the  message of the Bank, which states that the market maker of these  shares will be the Dimension company chosen by ACBA Bank.

ArmInfo.

ArmInfo.Since February 1, the tariff for electricity has increased in Armenia. At the same time, from January 1, the water tariff increased by 20.47 drams, and from  April 1, the gas tariff is expected to increase, and inflation in  January-December 2021 amounted to 7.2%.  Meanwhile, the Armenian  government refused to raise the minimum wage and index pensions,  referring to the lack of appropriate resources at this stage.

ArmInfo. The Central Bank of Armenia raised the refinancing rate by 0.25 percentage points, setting it at 8%. As the press service of the Central Bank of Armenia  told ArmInfo, this decision was made on February 2 at a meeting of  the Board of the Central Bank of Armenia.

ArmInfo. On January 30, on the sidelines of the Expo 2020 Dubai National Day of Armenia, the Investment Support Center, RA Ministry of Economy, and the UAE  Federation of the Chambers of Commerce and Industry (FCCI) signed a  memorandum of intent. 

ArmInfo. Armenia's economic activity increased in January- December 2021 by 5.8% per annum, against a 7.5% decline in 2020 and a 7.8% growth in 2019. The growth  movement was restored by the service sector, the trade sector, the  construction sector and the industrial sector, while the energy  complex and the agricultural sector went into decline. This is  evidenced by the preliminary data of the RA Statistical Committee.

ArmInfo.

ArmInfo.The "National Day of Armenia" started at the "Expo 2020 Dubai. This is stated in the official statement of the Ministry of Economy of Armenia.  

ArmInfo. Out of 500 newly established companies in Armenia only one manages to grow further, while in Europe one out of 40-42 new enterprises becomes large.   Armenian Minister of Economy Vahan Kerobyan stated this in his next  interview.

ArmInfo.Minister Agriculture, Rural Development and Food of Greece Spilios Livanos  at a meeting with newly appointed RA Ambassador Tigran Mkrtchyan  expressed hope that during the period of the Ambassador's activity in  their country, bilateral Armenian-Greek relations in the field of  agriculture will become more active and effective.

ArmInfo. Last year, Armenia's gross international reserves (GIR) totaled $3.215bln - up by $599.4mln or 23% (against an 8.2% decline in 2020 and a 26.1% growth  in 2019).

ArmInfo.The Ministry of Territorial Administration and Infrastructures explained the grounds for exempting passengers of the Yerevan-Istanbul flight from the "air  tax".