ArmInfo.In January - August 2021, industrial production in the Eurasian Economic Union (EAEU) amounted to $ 853.9 billion, up 4.5% compared to the same period in  2020.  This was reported by the Eurasian Economic Commission (EEC),  referring to the data of the express review of the EEC Department of  Statistics.

ArmInfo."Industrial Company" and the Government of Armenia (GOA) are happy to announce that the Company has granted the Republic of Armenia and the GOA has accepted a 25% share of the Company.

ArmInfo. The expansion of external demand has  supported the economy, consumer demand is recovering. The Central  Bank of Armenia raised its key rate amid accelerating inflation.

ArmInfo.AEON Corporation is showing interest in the construction of a copper smelter (smelter) in Armenia. This was stated by the head of the corporation, Russian businessman Roman Trotsenko in Yerevan at the presentation of the Geopromining company, controlled by the AEON Corporation, which owns two large assets in Armenia: the Agarak Copper-Molybdenum Combine, and the GPM GOLD company, which operates the Sotk gold deposit and the Ararat Gold Recovery Plant.

ArmInfo.  Despite serious attempts to diversify Armenia's export-oriented industries, the mining industry remains the main locomotive of the country's economy. One of its largest players is the Agarak Copper-Molybdenum Combine (ACMC), which is included in the list of the largest taxpayers and is the operator of the city-forming enterprise, bordering Iran, in the southernmost region of Armenia.

ArmInfo. Iranian businessmen are interested in opening joint ventures with Armenia in  a number of areas. This was announced during a meeting between  representatives of the Union of Manufacturers and Businessmen of  Armenia and Chamber of Commerce of the city of Isfahan of the Islamic  Republic of Iran.

ArmInfo.CJSC "Agarak Copper-Molybdenum Combine" (ACMC) has completed the implementation of an investment project aimed at technological re-equipment of the enterprise. 

ArmInfo. In H1 2021, Armenia reduced the export of copper ore by 9.5% per annum (against 17.8% growth a year earlier) - to 240.5 thousand tons. At the same  time, having increased the customs value by 50% - up to $ 421.3  million.

ArmInfo.On September 7, the Government of Armenia, by written vote, approved the decision "On the application of temporary restrictions on the export to third  countries of copper concentrate, molybdenum concentrate,  ferromolybdenum, as well as molybdenum products (except for HS code  8102970000: Molybdenum waste and scrap) from the Republic of Armenia,  on the establishment of the export licensing procedure, the form of  license applications and licenses ".

ArmInfo.The goal of Armswissbank is to establish a production in Armenia that will be  stable and competitive in international markets. Executive Director  of Armswissbank Gevorg Machanyan stated this in an interview with  ArmInfo correspondent.

ArmInfo.South Caucasian  Railway CJSC (SCR) and "Transmashholding" JSC (TMH) signed a memorandum  on the development and production of passenger rolling stock that  will best meet the future requirements of the customer and passengers  for the level of technical equipment and comfort.

ArmInfo.

ArmInfo. Armenian companies are invited to participate in the four- day "Made in Armenia" exhibition within the framework of Dubai Expo 2020. Participation in the global  exhibition will allow not only to present Armenian goods and services  to the world market, but also to establish new business ties, hold  meetings with foreign potential investors and partners, stated in the  message of the Ministry of Economy of Armenia.

ArmInfo.

ArmInfo.In Armenia, in H1 2021, 3.822 million kWh electricity were generated, with a y-o-y growth of 0.5% (against 4.4% growth a year earlier). According to the  Statistical Committee of the Republic of Armenia, in June alone,  electricity generation decreased by 8.2% - to 511.7 million kWh.

ArmInfo.Armenian products are becoming available in different parts of the world. On August 4, Yerevan hosted an event dedicated to the official launch of the  pan-Armenian online sales platform www.buyarmenian.com. The purpose  of the event was to familiarize the general public with the content  of this initiative and the capabilities of the platform.

ArmInfo.

ArmInfo.Acting Prime Minister of Armenia Nikol Pashinyan held a consultative meeting to discuss the development programs implemented in agriculture. The press service of the Acting Prime Minister of Armenia reports.

ArmInfo.Armenia is considering the possibility of canceling the excise tax for winemakers. This was discussed at the meeting of acting Minister of Economy of Armenia Vahan Kerobyan with representatives of 40 wine and brandy  enterprises.

ArmInfo.The Eurasian Development Bank (EDB) has published an updated macroeconomic forecast for the Bank's operating region for 2021 and the medium term. In March, EDB analysts projected a strong recovery in the Bank's member states, but the reality of the first half of the year exceeded expectations.