ArmInfo.

ArmInfo. In Armenia, the production of aluminum foil for 10 months of 2020 increased by 14.6% per annum - up to 29,504 tons, against 4.2% growth a year earlier.   According to the Statistics Committee of Armenia, in October alone,  the production of aluminum foil increased by 4.1% - up to 3,054 tons.

ArmInfo.

ArmInfo.Industrial production in Armenia in January-October 2020 slowed down the y-o-y growth rate from 8.8% to 0.5%, amounting to 1.627 trillion drams ($  3.3 billion). A significant slowdown in the growth of industrial  production is due to the continuing decline in the manufacturing  industry. According to the Statistical Committee of the Republic of  Armenia, only in October 2020, industrial production increased its  volumes by 3.2%, ensuring the volume of 194.7 billion drams ($ 396.1  million).

ArmInfo. Electricity generation in Armenia in January- October 2020 increased by 1.7%, amounting to 6 357.9 million kWh. (against a decline of 2.7% a year  earlier). At the same time, in October alone, generation decreased by  1.8% to 620.9 million kWh.  

ArmInfo. In Armenia, the decline in economic activity in January- October 2020 accelerated to 6.7% per annum, against the background of an accelerating decline in  imports and a slowdown in exports.

ArmInfo.

ArmInfo.

ArmInfo.The Intergovernmental Council of the Eurasian Economic Union approved a  list of exemptions to be eliminated in 2021 and 2022. On December 7,  Assistant to the Chairman of the Board of the Eurasian Economic  Commission (EEC) Iya Malkina announced, noting that this list  includes 12 items (11 restrictions and 1 exemption).

ArmInfo.The plan for the development of the EAEU technical regulations includes a new document, which concerns nicotine-containing products, the developer  of which will be the Republic of Armenia. On December 7, during a  briefing, Assistant to the Chairman of the Board of the Eurasian  Economic Commission (EEC) Iya Malkina announced.

ArmInfo.An industrialization map was formed in the direction of import  substitution in the Eurasian Economic Union to develop cooperation  and deepen work.  Assistant to the Chairman of the Board of the  Eurasian Economic Commission (EEC) Iya Malkina , announced this  during a briefing on December 7.

ArmInfo.Ardshinbank signed $ 20 million loan facility from Luxembourg-based funds managed by responsAbility Investments AG. The funds will be used to increase the loan portfolio of the bank and, in particular, to support small and medium-sized enterprises.

ArmInfo.“The power of One dram” has summed up the next program: during 2 months IDBank and Idram have gathered AMD 3 603 291 by transferring 1 dram for each payment of their clients. The amount will be donated to the Insurance foundation for servicemen.

ArmInfo. The Eurasian Fund  for Stabilization and Development (EFSD) does not exclude the need  for additional financing of budget expenditures of the Republic of  Armenia. Executive Director of the Project Block at the EFSD Andrey  Shirokov announced this on December 4.

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ArmInfo. In the consumer market  of Armenia in January- November 2020, inflation was recorded at 0.3%,  against deflationary 0.5% in the same period of 2019. This was  provoked by an increase in tariffs for services by 1.4%, a rise in  prices for non-food products by 1%, while prices for food products  (including alcohol and cigarettes) fell by 0.9%. According to the  Statistical Committee of the Republic of Armenia, in y-o-y terms  (compared to January-November 2019), the consumer market recorded  inflation of 1% (against inflationary 1.5% a year ago), which was  facilitated by the same rise in prices of food and non-food products  by 0.8% and an increase in tariffs for services by 1.3%. The average  monthly rise in prices on the consumer market amounted to 0.03% in  January- November 2020, against a 0.05% decline a year earlier.

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ArmInfo.The Banker magazine, the world's leading financial publication and part of the Financial Times, named Ameriabank the Bank of the Year in Armenia at its 21st  Annual Awards in London.

ArmInfo. Within three years, Team Telecom will create an additional 800 jobs as a result of the deal with VEON Armenia and the development of a new strategy. Co-  founder of Team Telecom Hayk Yesayan said this at a press conference  on December 3, answering a question from an ArmInfo correspondent.

ArmInfo. Finally we will have a primordially Armenian national telecom operator, owned by the citizens of Armenia are speaking. Co-founder of the new  lecommunications company Team Telecom, one of the owners of VEON  Armenia Hayk Yesayan stated this at a press conference on December 3.