ArmInfo.By November 2021, the metallurgical industry of Armenia accelerated its y-o-y growth rate from 3.7% to 16.4%. According to the data of the Statistical  Committee of the Republic of Armenia, such dynamics was provoked by a  surge in the production of castings from unalloyed (carbon) steel, as  well as the continued growth in the production of ferromolybdenum and  copper concentrate.

ArmInfo.For the fourth consecutive year, HSBC Bank Armenia CJSC (hereinafter HSBC Armenia) has been recognised as Market Leader by Euromoney Cash Management Survey 2021, the benchmark survey for the global cash management industry.

ArmInfo.

ArmInfo. In January-October 2021, the Armenal plant produced 28,016 thousand tons of aluminum foil, with a deterioration in y-o-y dynamics from 14.6% growth to 5%  decline. This is evidenced by the data of the RA Statistical  Committee.

ArmInfo.Did you know that in order to ensure your information and financial security, special subdivisions are operating in the Banks and payment systems, and huge investments are being made. Why? Because it is no longer fashionable to steal money stored under the pillow or in a hidden corner in the closet; nowadays there are more fashionable and effective methods which, however, will never come true if our society is informed.

ArmInfo.The volume of industrial production in Armenia in January-October 2021 accelerated the y-o-y growth rate from 0.5% to 1.1%, amounting to 1.848 trillion  drams ($ 3.6 billion). This was provoked by the revitalization of the  manufacturing industry. According to the Statistical Committee of the  Republic of Armenia, in October 2021 alone, industrial production  increased its volumes by 3.9%, ensuring the volume of 225.9 billion  drams ($ 471.4 million).

ArmInfo. The production of "Sputnik Light" anti-COVID vaccine has been launched in Armenia. The Armenian " Liqvor " pharmaceutical company, which has 30 years of  experience in the production of medicines, took responsibility for  launching the production of the drug.

ArmInfo. Russia and China are Armenia's leading foreign trade turnover partners in both exports and imports. According to the final data of the Statistical Committee of  the Republic of Armenia, Russia takes the lead in Armenia's foreign  trade turnover with a volume of more than $ 2.03 billion in  January-October 2021, with a change of y-o-y dynamics from  0.6%  decline to 14.3% growth (against 10.5% growth in the pre-COVID  comparable period).

ArmInfo. Armenia's foreign trade turnover in January-October 2021 exceeded $ 6.5 billion, with an improvement in y-o-y dynamics to 13.6% growth (from an 11.4%  decline a year earlier), and with a tangible excess of the pre-COVID  6.5% growth rate.

ArmInfo. For the first time, a container train departed for Georgia from the Gansu province in north-central China. This was reported by newsgeorgia, referring to the statement of the Georgian Embassy in the PRC.  According to the source, the rolling  stock left the city of Uwe on December 4, and should arrive in  Tbilisi after 10-12 days.

ArmInfo. The Armenian authorities raised a very expensive external debt at the beginning of the year to curb inflation and devaluation of the Armenian dram  instead of investing in the economy. On December 6, MP from the  opposition "Hayastan" faction Artur Khachatryan stated this in the  National Assembly, referring to the main macroeconomic indicators  laid down in the draft state budget of the republic for 2022.

ArmInfo. In 2022, GDP growth in Armenia will be 4-4.5% at best.  This forecast was made by Artur Khachatryan, Candidate of Physical and Mathematical Sciences, former  Minister of Agriculture, now a MP of the RA parliament from the  "Hayastan" opposition faction, on December 6 in the National  Assembly, touching upon the main macroeconomic indicators laid down  in the draft state budget of the republic for 2022.

ArmInfo.Armenia's economic activity in January-October 2021 increased by 4.3% (against a decline of 6.7% a year earlier), while in the pre-COVID period 7.1% growth  was recorded (in the same period in 2019). This is evidenced by the  final data of the RA Statistical Committee.

ArmInfo. "For 9 months of 2021, the fulfillment of capital expenditures in Armenia amounted to 68.3% alone or 163 billion drams. A reasonable question arises - how  realistic is the implementation of capital investments in the amount  of 357 billion drams or 200 billion drams more in 2022," opposition  MP from "Hayastan" faction Artur Khachatryan asked on December 6 in  the National Assembly touching upon the main macroeconomic indicators  laid down in the draft state budget of the republic for 2022.

ArmInfo. This January-November, 6% inflation was recorded in Armenia`s consumer market against 0.3% in the corresponding period last year, the cause being a 9.1% rise in prices for foodstuffs (including alcohol and cigarettes) and a 7.4%  rise in prices for nonfoods, with a 1.5% rise in prices for services.  Last January-November saw a 1% rise in prices for nonfoods, with a  0.9% reduction in prices for foodstuffs and a 1.4% rise in prices for  services recorded.

ArmInfo.Belarus is interested in strengthening cooperation with Armenia in the field of  high technologies. Ambassador Extraordinary and Plenipotentiary of  Belarus to Armenia Alexander Konyuk stated this during a meeting with  Minister of High-Tech Industry of Armenia Vahagn Khachaturyan.

ArmInfo.The Gyumri Information Technologies Center (GITC) is launching cooperation with the IBM company in implementing an artificial intelligence education  programme.

ArmInfo. The Japanese government will provide grants for the implementation of 2 programs in the Armavir and Lori regions of Armenia. 

ArmInfo.Armenia`s government is launching an e-platform, One Window, for developers. The government has amended one of its relevant decisions. 

ArmInfo. Trade will not be a full-fledged integration process without an increased share of national currencies in the Eurasian Economic Union (EAEU), Armenia`s Vice-Premier Mher Grigoryan stated at the plenary session on Key Investment Projects  are Drivers of Economic Growth, at the 2nd Eurasian Congress, in  Moscow, December 2.