ArmInfo. "How soon we will  change, we will be more relevant," RA Prime Minister Karen Karapetyan  said in Yerevan on July 14 at the presentation of the national report  on competitiveness.

ArmInfo. The volume of private  consumption has fully recovered in Armenia. This was announced by the  chairman of the Central Bank of Armenia, Artur Javadyan, in the  Parliament of Armenia on July 6.

ArmInfo. The main drivers of economic growth in 2016 were the service sector and the industrial sector, and in terms of gross demand, there was an increase in consumption and export volumes.

ArmInfo. New Government program is  able to change the quality of life and improve well being in Armenia,  Prime Minister Karen Karapetyan stated at an extraordinary session of  the Parliament on June 21, presenting the main provisions of the  Government's activity program for 2017- 2022

ArmInfo. The model of Armenia's  economic development has completely exhausted itself, said during the  presentation, published on June 15 of the World Bank (WB) report  "System Assessment of Armenia. Results. Future of Armenia" Program  Manager of the WB of the South Caucasus, Europe and Central Asia  Genevieve Boyreau. She justified her assessment with a significant  increase in the country's socially vulnerable population at the  expense of the middle strata.

ArmInfo. The volume of attracted investments by Armenian banks in annual calculations increased by 22.5% reaching 2.434 trillion AMD by May 1 2017.

ArmInfo. 

ArmInfo. Armenian Government discusses Doing Business 2017 action plan on May 24. According to Armenian Government press-service, the meeting specifically discussed as follows:  simplification of administrative procedures needed for initiating and running a business project, SME promotion, investor protection, construction permits, as well as continued introduction of electronic systems, lending accessibility, property registration and development of infrastructures.

ArmInfo. Armenian State Property department should become a structure which activity is aimed at the effective provision of commercial results, Armenian Prime Minister Karen Karapetyan stated during his visit to Armenian State Property Management office on May 19.

ArmInfo. The volume of attracted investments by Armenian Banks grew by 19.8% per annum to 2.414 trillion AMD by April 2017.During Q1 the volume deposits grew insignificantly-only for 0.1%.

ArmInfo. Armenian economic growth in  2017 will register 2.5% growth with 3% acceleration in 2018, OON  Economic and Social Research in Asia and the Pacific 2017 report  reads on GDP Armenia growth.  

ArmInfo. Armenian Ministry of  Economic Development and Investments expects to increase export  extents in 2017 for $200mln, with growth tendency for $450mln in  2018.Responsible departments stated during the meeting with Armenian  prime Minister Karen Karapetyan within which they discussed economy  fields' development, economic indexes and issues related to  investment involving, business field improvement, current and covered  works and others. ArmInfo was told by the department's press-service.

ArmInfo. According to  World Bank (WB)  experts implemented studies, Armenia could seek for the category of average income country. This is stated in the World bank Report entitled as Concept of Armenia Country Systemic  Diagnostics (SCD)  Report, developed within the purpose of discovering the main challenges in respect to Armenia, country's abilities in the aspect of sustainable development, as well as the progress improvement and poverty reduction.

ArmInfo. The emirate company "Ocean Holding" intends to invest $ 100 million this year from the construction of photovoltaic stations in Armenia using advanced technologies in the sphere that will be provided in stages. This became known on the fields of the "Armenia-UAE" investment forum, which was held in Abu Dhabi on March 22. As the press service of the Armenian Development Fund told ArmInfo, in this connection the Ministry of Energy and Natural Resources of Armenia and the company "Ocean Holding" signed a memorandum of understanding, within which the development of renewable energy infrastructure in Armenia is envisaged. The Ministry, for its part, committed to provide the company with information on solar energy in Armenia.

ArmInfo. Despite the challenges still existing for  Armenian economy, particularly related to the local market and export potential being restricted, as well as due to taxation reasons and qualifications assurance ( diplomas, degrees, certificates etc), the involvement of Syrian Armenians in the economic life of the country in general could be estimated as positive. This is stated in the annual report of the Economic Development and Research Center (EDRC), implemented within the support of Deutsche Gesellschaftfur Internationale Zusammenarbeit (GIZ).

ArmInfo. In 2017 Polymetal  International plc will publish a JORC- compliant reserve estimate and  a combined LOM plan for Kapan and Lichkvaz, the company's press  release says.  

ArmInfo. In 2016 Armenia imported 61.5 thsd tons of sugar (down 0.2% versus 2015). In value terms, sugar imports dropped by 8.3% to $22.9 mln in 2016 versus 45.2% decline in 2015, according to the Customs Service of Armenia.

ArmInfo. In Jan 2017, cargo traffic in Armenia increased by 93.8% versus Jan 2016, and totaled 1 600.1 thsd tons, including 1 178.7 thsd tons (73.6% of total cargo traffic) in motor transportation, which grew 2.3-fold versus Jan 2016, according to the National Statistical Service of Armenia.

ArmInfo. In Armenia, the  production of aluminum foil in January 2017 compared with the same  period of the last year increased by 14.3% up to 2652 tones, against  10.8% decline a year earlier.  This show the Armenian National  Statistical Service data.

ArmInfo. On February 21st,  Armenian Minister of Finance Vardan Aramyan received the Deputy  Executive Director of the International Monetary Fund (IMF) in  Armenia Richard Durnbush who is in Armenia on a regional visit.