ArmInfo. The construction of the North-South Road Corridor  is one of the key projects and is of strategic importance for both Armenia and the region. On February 7,  during a meeting with a delegation of Asian Development Bank, headed  Dong-Soo Pyo, ADB's Director, Transport and Communications Division,  Central and West Asia Department, RA Minister of Territorial  Administration and Infrastructure Suren Papikyan stated.

ArmInfo. You cannot expect high-quality financial flows without a high level of corporate governance. This was announced on February 7 during a meeting with  the delegation of the European Bank for Reconstruction and  Development (EBRD), headed by Pierre Halbronn, Vice President of the  Bank for Politics and Partnerships, Minister of Economy Tigran  Khachatryan stated.

ArmInfo. From June 1 of this year, the Hungarian low-cost carrier Wizz Air will begin  operating flights from Armenia to Cyprus. This was reported by the  press service of the Civil Aviation Committee of the Republic of  Armenia.

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ArmInfo.A hot tourist year awaits Armenia. A record of this on his Facebook page was left by the Prime Minister of the Republic of Armenia Nikol Pashinyan, referring  to the publication of National Geographic Traveler, which contains an  advice to visit Yerevan.  "I hope that many of our compatriots will  use the formula we have proposed: work to overcome poverty, enrich  and enrich ourselves," the Prime Minister wrote.

ArmInfo.The Minister of Economy of the Republic of Armenia Tigran Khachatryan on the eve received the leading experts of the World Bank, headed by the member  of the Doing Business group Alejandro Espinosa - Van.

ArmInfo. On February 6, IDBank opened in Yerevan an innovative Center for Banking Financial Services, which is exceptional and unique in the enitre region. The  center is located in the heart of the Armenian capital, on Northern  Avenue (in Building No. 6).

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ArmInfo.The annual growth in foreign trade between Armenia and Russia in 2019 accelerated to 14.9% from 11.2% in 2018, exceeding $ 2.2 billion. This was triggered by an acceleration in the growth of imports - from 7.2% to 17.4%, with a  slowdown in growth exports from 19.6% to 10.3%, the volumes of which  amounted to $ 1.5 billion and $ 734.5 million, respectively.   According to the Statistical Committee of the Republic of Armenia,  Russia holds the lead by a large margin.

ArmInfo. The Armenian company "Hakobyan Rustam" will be exempted from VAT payments for imported raw materials for three years. The decision on this was made  on February 6 at a meeting of the RA government.

ArmInfo.As of January 1, 2020, the population of Armenia exceeded 2.959 million people, having decreased by 0.2% or 6.1 thousand in annual terms. This is evidenced  by the data of the Statcommittee of the Republic of Armenia.

ArmInfo.Digitalization, innovation and advanced technology are considered by the government.

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ArmInfo.The volume of cargo transportation in Armenia in 2019 decreased by 49.6% (against an increase of 3.7% in 2018), amounting to 14 722.2 thousand tons. Of  these, 9 651.6 thousand tons (65.6% of the total) accounted for road  transport, which decreased by 60.6% year on year (against an increase  of 3.5% in 2018). This is evidenced by the data of the Statistical  Committee of RA.

ArmInfo.Revenues of the communications sector of Armenia for 2019 amounted to 147.2 billion drams, slowing y-o-y growth to stagnant 0.5% from 1% in 2018.  According to the RA Statistical Committee, the telecommunications  field, which dominates the communications sector (90%), provided  revenues of 132.5 billion drams, having reduced it by 2.9% per annum,  against the growth of 0.8% a year earlier.  According to statistics,  in December 2019 alone the total revenue of the communications sector  increased by 5.1% to 13 billion drams.

ArmInfo.. Moody's Investors Service, ("Moody's") has assigned a Ba2 corporate family rating (CFR) and a Ba2-PD probability of default rating to the Electric Networks of Armenia (ENA). The outlook on the ratings is stable.  Assigning such a rating  is unprecedented, since it one-notch exceeds the level of the  sovereign rating of Armenia (Ba3).

ArmInfo. In 2019, the metallurgical industry of Armenia slowed down the decline in  production volumes to 4.7% from 7.2% in 2018 (against an increase of  11.3% in 2017). This is evidenced by the data of the Statistical  Committee of RA.

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