ArmInfo. Metallurgical industry of Armenia increased production volumes by 37% per annum in Jan-Fe  2024 (versus a 31% decline a year earlier). This is evidenced by the data of the RA Statistical Committee.

ArmInfo.

ArmInfo.

ArmInfo. Armenia was among 8 countries that sharply increased the volume of clothing supplies to  Russia last year, RIA Novosti reports this with reference to open statistics.

ArmInfo.Today, April 5, a trilateral meeting will take place in Brussels between Prime Minister  Nikol Pashinyan, US Secretary of State Antony Blinken and President of the European Commission Ursula von der Leyen, at which economic issues will be discussed.

ArmInfo. A regular Cabinet meeting took place today, chaired by Prime Minister Nikol Pashinyan, the  press service of the RA Government reports.

ArmInfo.The business mission of the Canadian-Eurasian Chamber of Commerce (CECC) will visit  Armenia for the first time. According to the Embassy of Armenia in Canada, the visit will take place from April 8 to 12, during which the delegation will have a number of meetings with representatives of the Armenian business community, Armenian government and non- governmental organizations.

ArmInfo. It is expected that the development of the Amulsar mine will begin at the end of this year or the beginning of next year.  Babken Tunyan, vice-chairman of the NA Economic Affairs Committee, said on April 3 during the discussion of the project to establish a state duty for the export of gold, platinum and palladium ingots.

ArmInfo. Armenia intends to introduce a state duty on the export of gold, platinum and palladium bars. It will be approximately 0.8-1% of their market value. Deputy Minister of Economy Narek Teryan stated at a meeting of the NA Standing Committee on Economic Affairs on April 3 during the discussion of amendments to the law "On State Duty".

ArmInfo.

ArmInfo. It is necessary to take effective steps to improve the quality of products produced in  the country. Deputy Chairman of the RA National Assembly Committee on Regional and Eurasian Integration  Vagharshak Hakobyan told reporters on April 1, answering a question about the increasing number of cases  of refusal to allow products of domestic producers to cross the borders of the EAEU countries.

ArmInfo.Armenia and Korea are ready to deepen economic cooperation by implementing new programmes,  the RA Ministry of Economy reports referring to a meeting between Armenia's Minister of Economy Gevorg Papoyan and  Mr Chung Byung-won, Deputy Foreign Minister For Political Affairs of Korea.

ArmInfo. The food safety inspection body of the Republic of Armenia will carry out supervisory  measures at the Ararat Brandy Factory LLC, in connection with a letter received from the Ministry of Health of Belarus, which states that violations of the requirements of the EAEU technical regulations  have been identified in the products produced by the enterprise.

ArmInfo.Armenia and Kazakhstan agreed to create a joint business club following a meeting  of the business delegation of the Astana Diplomatic Club with members of the Union of Industrialists and Entrepreneurs of Armenia. 

ArmInfo.Trade and economic relations are developing dynamically in both bilateral and  multilateral formats, which is significantly facilitated by contacts at the highest level. Ambassador of Kazakhstan to Armenia Bolat Imanbayev stated during the Armenia- Kazakhstan Business Forum.

ArmInfo. We want to offer Armenia an alternative logistics route that will significantly reduce  time costs for cargo carriers and which has a competitive price.  President of the "Astana" Diplomatic Club Kaiyrbolat Sakhmetov said in a conversation with an ArmInfo correspondent Within the framework  of the meeting of the business delegation of Kazakhstan with the members of the  Union of Manufacturers and Businessmen of Armenia (UMBA).

ArmInfo.The sharp acceleration in the growth of economic activity in February of this year in Armenia is due to a short-term factor, reads a report by the Luys Foundation, whose experts analyzed the data of the RA Statistical Committee for January-February 2024.

ArmInfo.There is great cooperation potential between Armenia and Russia, which can be  realized through cooperation projects in the production sector. 

ArmInfo.

ArmInfo. In Armenia, the price index of industrial products decreased in Jan-Feb 2024 compared to the same period in 2023 to 99.6% from 100.8% a year earlier. Such a trend is observed against the backdrop of a sharp acceleration in the y-o-y growth of the industrial sector from 1% to 28.9%, providing volumes of 461.6 billion drams ($1.1 billion), by preliminary data from the RA Statistical Committee.