ArmInfo. The Pegasus airline has started Istanbul-Yerevan- Istanbul flights. The rights will be carried out on Tuesdays, Fridays and Sundays, the Armenia  International Airports CJSC reports.

ArmInfo.The World Bank has not changed its GDP growth forecast for Armenia for 2021-2022 - 6.1% down to 4.8%, with a further upward trend to 5.4%, according to the WB January 22 Global Economic Prospects. 

ArmInfo.Last January-November saw 5.2% growth in economic activity in Armenia against 7.2% in the corresponding period 2020 and 7.5% in January-November 2019, along with two-digit growth in exports and imports. Much lower relevant  figures were recorded in the pre- COVID period, according to the  final data by the RA Statistical Committee.  

ArmInfo.In the consumer market of Armenia in January-December 2021, inflation increased to 7.7% from 3.7% in the same period of 2020 (against inflationary 0.7% in the pre-COVID period of 2019).

ArmInfo.According to a revised forecast by the Central Bank of Armenia (CBA) 5.3% GDP growth is expected next year against 4.2% growth this year, with a downward  trend to 4.4% and 3.6% respectively in 2023 and 2024 (against the  7.4% decline recorded in 2020 and 7.6% growth in 2019). 

ArmInfo. Even amid higher inflation, Armenian citizens` living standards are, on average, higher than a couple of years ago, RA Minister of Economy Vahan  Kerobyan told reporters on Thursday.  

ArmInfo.According to the revised forecast for 2021 by the Central Bank of Armenia (CBA), 4.2% GDP growth is expected in Armenia against the previously forecast  5.4%, with inflation near 8.4% by the end of this year. According to  the revised CBA forecast, 5.3% GDP growth is expected next year, CBA  Chairman Martyn Galstyan told a news conference on Tuesday.

ArmInfo.. In January-October 2021, Armenia`s national debt was up by 15.6% (against 9% in the corresponding period last year), with the10.7% moderate increase in  the external debt accompanied by a 31.1% increase in the domestic  debt. A similar situation was observed last year - a 30.5% increase  in the domestic debt, with a 3.2% increase in the foreign debt.  As a  result, by November 2021, Armenia`s national debt totaled $9.209bln  (AMD 4,400bln), with the country`s foreign debt totaling $6.707bln  and domestic debt, $2.502bln.  

ArmInfo. Armenia's foreign trade turnover in January-October 2021 exceeded $ 6.5 billion, with an improvement in y-o-y dynamics to 13.6% growth (from an 11.4%  decline a year earlier), and with a tangible excess of the pre-COVID  6.5% growth rate.

ArmInfo.Armenia's economic activity in January-October 2021 increased by 4.3% (against a decline of 6.7% a year earlier), while in the pre-COVID period 7.1% growth  was recorded (in the same period in 2019). This is evidenced by the  final data of the RA Statistical Committee.

ArmInfo. This January-November, 6% inflation was recorded in Armenia`s consumer market against 0.3% in the corresponding period last year, the cause being a 9.1% rise in prices for foodstuffs (including alcohol and cigarettes) and a 7.4%  rise in prices for nonfoods, with a 1.5% rise in prices for services.  Last January-November saw a 1% rise in prices for nonfoods, with a  0.9% reduction in prices for foodstuffs and a 1.4% rise in prices for  services recorded.

ArmInfo. The level of Armenia's public debt will remain above the pre-epidemic level until 2026. Chief economist of the  Eurasian Development Bank (EDB) and  Eurasian Fund for Stabilization and Development (EFSD) Evgeny  Vinokurov expressed this opinion in discussion with journalists on  the sidelines of the second Eurasian Congress in Moscow.

ArmInfo. Over 9 months of 2021, Armenia's GDP increased by 11.1% per annum - up to 4.8 trillion drams or $ 9.3 billion, against a decline of 6% in the same period in  2020 and 9.7% growth in the Pre-COVID comparable period. This is  evidenced by the data of the RA Statistical Committee.

ArmInfo. Armenian Prime Minister Nikol Pashinyan and World Bank (WB) Vice-President for Europe and Central Asia  Anna Bjerde discussed the prospects for  further cooperation on November 15.

ArmInfo. On November 15, Deputy Prime Minister of Armenia Mher Grigoryan received Vice President of the World Bank (WB) for Europe and Central Asia Anna Bjerde.

ArmInfo.The EU GSP+ will not be available to Armenian exporters from January 1, 2022. EU's GSP removes import duties from products coming into the EU market from  vulnerable developing countries. This helps developing countries to  alleviate poverty and create jobs based on international values and  principles, including labour and human rights.

ArmInfo. The Areg Energy Lts and Rock Berry Ltd will invest nearly AMD 4bln in the construction of a solar power station in Vaiots Dzor and greenhouse facility in  Kotayk. The RA Cabinet approved on Nov. 11 the companies' application  for exemption from import customs duties on imported equipment and  spare parts, raw materials and other goods imported under an  investment project in a priority field.

ArmInfo. In Armenia, the specific debt burden per capita continues to grow, reaching $ 3.1 thousand on October 1, 2021, against $ 2.7 thousand a year earlier. Moreover, per  capita debt burden from external debt increased from $ 2 thousand to  $ 2.3 thousand. This is due to the continuing annual growth of both  the public debt in general and external debt, in particular, with the  annual decrease in the population of Armenia by 1.1 thousand people.  - down to 2.967 million people by October 1, 2021.

ArmInfo. One of the most significant and annual events in the field of engineering- "Engineering Week" has started in Armenia, which is dedicated to the development of applied engineering and scientific-production solutions in the country.

ArmInfo. Deputy Prime Minister of Armenia Mher Grigoryan held a video call with the Director of the International Monetary Fund's Middle East and Central Asia Department  Jihad Azour  within the framework of the annual meetings of the  International Monetary Fund (IMF) and the World Bank (WB). Governor  of the Central Bank of Armenia Martin Galstyan and Minister of  Finance Tigran Khachatryan also took part in the video meeting from  the Armenian side.