ArmInfo. In January-November 2019, textile production showed the highest growth rates among the segments of the manufacturing industry of Armenia. Thus, according to  the Statistical Committee of the Republic of Armenia, the volume of  textile production has grown 1.7 times year over year for 1.7 fold  (against an increase of 22.4% a year earlier), amounting to 1.2  billion drams.

ArmInfo.

ArmInfo.

ArmInfo.Armenia ranks 69th among 190 countries in the World Bank's "Women, Business and the Law" 2020 report. According to the WB statement on its official page on Facebook, the report looks at the fundamental freedoms of women in  business through data points clustered in 8 indicators: Mobility,  Workplace, Pay, Marriage, Parenthood, Entrepreneurship, Assets, and  Pension. 

ArmInfo. In the 11 months of 2019, the metallurgical industry of Armenia increased production by 21.4% per annum, against a 22.6% decline for the same period of 2018.  This is evidenced by the data of the Statistical Committee of RA.

ArmInfo. The volume of industrial production in Armenia in January-November 2019 accelerated y-o-y growth from 4.1% to 9.3%, exceeding 1.8 trillion drams ($ 3.8  billion). This is due to an improvement in the trend of the mining  sector which turned from the recession to growth and maintaining the  upward dynamics of the manufacturing industry.

ArmInfo. In Armenia, the output of aluminum foil in January- November 2019 amounted to 28 539 tons, exceeding production volumes for the whole of 2018 (28 359  tons).

ArmInfo.

ArmInfo.The y-o-y growth in foreign trade between Armenia and Russia in January-November 2019 slowed to 12.6% from last year's 13.5%, amounting to $ 1.98 billion.   This was triggered by a slowdown in export growth from 19.3% to  10.8%, with accelerating growth of imports - from 10.6% to 13.6%, the  volumes of which amounted to $ 671.5 million and $ 1.3 billion,  respectively. According to the Statistical Committee of the Republic  of Armenia, Russia holds the lead with a large margin.

ArmInfo. For the first time in the financial market of Armenia, Ameriabank introduced a new and modern system of providing consumer loans, which operates on the  basis of machine learning / artificial intelligence algorithms.  According to the press service of the bank, the new system provides  customers with the opportunity to get a consumer loan more  conveniently and quickly.

ArmInfo.

ArmInfo.The unemployment rate in Armenia, calculated by the new method, increased over the Quarter 3 of 2019 from 17.7% to 18%, against 20.1% a year earlier. According  to the RA Statistical Committee, the new calculation method does not  take into account those employed in the household.

ArmInfo.

ArmInfo. The growth of the retail loan portfolio of the banking system of Armenia over the past months has become more supported and supported by a growing mortgage,  which in turn is "spurred on" by a trend of stable increase in  property prices.  

ArmInfo.The Ministry of Economy of the Republic of Armenia expects a 10% increase in exports by the end of 2019.  Minister of Economy of the Republic of Armenia  Tigran Khachatrian announced a similar forecast on January 14.

ArmInfo.The budget of Armenia was summed up in January- November 2019 with a surplus of 40.2 billion drams ($ 84 million), with a y-o-y growth of 2.8-fold, while  a year earlier a deficit was recorded in the same period (with a  2.7-fold y-o-y decline) . According to the RA Statitical Committee,  the budget revenues of Armenia accelerated the y-o-y growth from 6.2%  to 18.7%, while expenditures turned from the 1.7% decline to 10.5%  growth, amounting to 1.398 trillion and 1.358 trillion drams  respectively.

ArmInfo. According to the results of 9 months of 2019, a 14.4% increase in the flow of tourists was registered in Armenia, which was largely ensured by tourist  visits from countries where the average growth of tourists was fixed  at 30-40%. The Minister of Economy of the Republic of Armenia Tigran  Khachatryan announced this at a press conference on January 14.

ArmInfo. In 2020, Armenian agriculture will be able to break through a positive trend and ensure growth after a long decline registered in the previous years.  Answering the question of ArmInfo correspondent, Armenian Minister of  Economy Tigran Khachatryan stated this at a January 14 press  conference.

ArmInfo. The gross external debt of Armenia increased by October 1, 2019 by 7.7% per annum or $ 829.8 million - up to $ 11.7 billion (against an increase of 9.5% a  year earlier). 

ArmInfo.According to the results of 2019, the ratio of gross investments (from the state and the private sector) to the GDP of the RA will be, like for three  consecutive years, about 16%.  Minister of Economy of the Republic of  Armenia Tigran Khachatryan stated this at a press conference on  January 14.