ArmInfo. Despite certain obstacles caused by the coronavirus pandemic and the outbreak of hostilities in Artsakh, the Ministry of High-Tech Industry of Armenia  in 2020 implemented a number of programs planned under the strategy,  ensuring double-digit growth rates.  Minister of High-Tech Industry  of Armenia Hakob Arshakyan stated this during a press conference on  February 9.

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ArmInfo.For the third year in a row, HSBC Bank Armenia cjsc (hereinafter HSBC Armenia) has been ranked No.1 Domestic Cash Manager for Corporates by Euromoney magazine’s 2020 Cash management poll. HSBC Armenia was also recognized as No.1 bank for Service for Corporates in Armenia for the second year in a row.

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ArmInfo. In Armenia's foreign trade turnover, the leadership is held by Russia with a volume of $ 2.2 billion in January-December 2020, despite the reversal of the  annual dynamics from 14.9% growth to 3.5% decline.

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ArmInfo.Armenia's foreign trade turnover in January-December 2020 amounted to $ 7.1 billion, registering a decline of 13.2% per annum. According to the final  reports of the Statistical Committee of the Republic of Armenia, the  reduction in import volumes turned out to be more significant - by  17.7% to $ 4.6 billion, than export - by 3.9% to $ 2.5 billion.

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ArmInfo.In Armenia, the unemployment rate in the III quarter of 2020 (according to the latest data - Ed. note) amounted to 18.1% (versus 17.5% in the Q2 of 2020),  which is 1 percentage point higher than a year ago. This is evidenced  by the data of the RA Statistical Committee.

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ArmInfo. In Armenia, the service sector in 2020 reduced volumes by 14.7%, against 15% growth a year earlier, amounting to 1.7 trillion drams ($ 3.5 billion).   According to the RA Statistical Committee, a negative trend was  recorded in all service segments except for the finance, as well as  information and communication. A similar trend is due to the  coronavirus pandemic, the outbreak of which in Armenia in March 2020  led to restrictions on a number of economic activities that were in  effect until September of last year.

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ArmInfo.Trade sector turnover in Armenia in 2020 decreased by 14% per annum (against 8.9% growth in 2019), amounting to 2.8 trillion drams ($ 5.8 billion).   Moreover, in December 2020 alone trade turnover due to New Year  holidays increased by 34.6% to 340.3 billion AMD ($ 655.8 million).

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ArmInfo.The revenue of the sector of information and telecommunication technologies (ICT) in 2020 reached 318.1 billion AMD (about $ 650.6 million), exceeding the  figure of a year ago by 2.8%.

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ArmInfo. In 2020, 36,448 children were born in Armenia, which is 1.1% higher than a year ago, but a decline of 0.3% was recorded in the two-year context.

ArmInfo. The population of Armenia as of January 1, 2021 increased by 0.1% or 4.4 thousand people, amounting to 2.964.1 million people. This is evidenced by the  data of the RA Statistical Committee.

ArmInfo.In 2020, 48,710 cases of population migration were registered in Armenia, which is 28.5% less than a year ago.