ArmInfo.An impressive growth in exports with a moderate growth of imports reduced the foreign trade deficit of Armenia in January-June 2021 by 11.4% per annum (against a decline of 20.1% a year earlier, with a decline in imports by 12.9%  and exports by 6.5%).

ArmInfo. In Armenia, economic activity in H1 2021 increased by 5% per annum (against a 4.7% decline a year earlier), which is accompanied by an increase in exports and a rise in imports. In June of this year. by June 2020, economic  activity increased by 8% (against a decline of 12.8% a year earlier),  while in June 2021 alone it accelerated growth to 12% from May 2%  (against a less noticeable acceleration of growth in May 2020 from  13.3 % to 14.8%).

ArmInfo. Acting Minister of Economy of Armenia Vahan Kerobyan called the forecast of the country's authorities on economic growth even by 6% pessimistic. He  stated this during an interview with the First TV channel.

ArmInfo.The high growth of the mortgage portfolio by June 2021 by 37.2% per annum to 544.2 billion drams ($ 1.05 billion) supported the loan portfolio of the Armenian  banking system in 6.4% growth, exceeding the absolute value of 3.6  trillion drams ($ 6.9 billion). The growth of mortgages increased its  share in the total loan portfolio of banks from 11.7% last year to  the current 15.1%. This is evidenced by the data of the RA Central  Bank.

ArmInfo.Armenia's foreign trade turnover in January-May 2021 amounted to $ 2.9 billion, with an improvement in y-o-y dynamics to 11.6% growth (from an 11.2% decline  a year earlier). Moreover, higher growth was shown by exports (20.8%)  than imports (6.7%), with a trend reversal from the downward 8.1% and  12.8%, respectively, a year earlier. According to the final data of  the Statistical Committee of the Republic of Armenia, the volume of  exports reached $ 1.1 billion, and imports reached $ 1.8 billion.

ArmInfo. In Armenia, in January-May 2021 economic activity increased by 4.3% per annum (against a 3.9% decline a year earlier), accompanied by an increase in exports and the growth of imports. In May of this year, by May 2020, economic  activity increased by 10.9% (against a decline of 12.8% a year  earlier), while demonstrating an increase of 2% in May 2021 alone  (against 13.3% growth in May 2020).

ArmInfo.  Renowned economist, Head of Management Advisory Services at Ameria Group of Companies Tigran Jrbashyan believes that the GDP growth rate of Armenia will reach 4.5-5% in 2021. Economist, former mayor of Yerevan Vahagn Khachatryan  hopes for a higher figure. Experts said this on the air of Channel  One, discussing the macroeconomic realities of the republic.

ArmInfo. Carolin Geginat is the Country Manager of the World Bank (WB) for Armenia as of July 1, 2021. This is stated in the message of the WB.

ArmInfo.The forecast for the growth of Armenian GDP for 2021 is being revised upward - from 3.2%, stipulated in the law "On the state budget for 2021", to 6%, the  acting Prime Minister of Armenia Nikol Pashinyan said on July 1  before a government meeting.

ArmInfo.The Central Bank of Armenia improved its forecast for GDP growth for 2021 to 4.6% (from 1.4% previously projected), relying on relatively high upward rates  in the industrial and service sectors. This is stated in the Central  Bank's Monetary Policy Program for the II quarter of 2021, published  at the end of June.

ArmInfo. Under the World Bank program "Development of Local Economy and Infrastructures", an 18 km long road connecting the Ararat and Kotayk regions (Garni- Lanjazat) has been repaired, which is of great tourism importance. According to  the official statement of the government, about 2 billion drams were  allocated for the implementation of road works on this section, which  connects the following tourist destinations such as Garni, Khor  Virap, Dvin and the Azat reservoir.

ArmInfo.A more impressive growth in exports than imports increased the foreign trade deficit of Armenia in January-May 2021 by 13% per annum (against a decline of  18% a year earlier, with a decline in imports by 12.8% and exports by  8.1%).

ArmInfo. In Armenia, economic activity in January-May 2021 increased by 4.3% per annum (against a 3.9% decline a year earlier), which is accompanied by a jump in  exports and a rise in import growth. In May of this year by May 2020,  economic activity increased by 10.9% (against a decline of 12.8% a  year earlier), while only demonstrating an increase of 2% in May 2021  (against 13.3% growth in May 2020).

ArmInfo.The Central Bank of Armenia improved its forecast for GDP growth for 2021 to 4.6% (from the previously projected 1.4%). This was announced on June 15 at a  press conference timed to increase the refinancing rate from 6% to  6.5%, Central Bank Chairman Martin Galstyan said.

ArmInfo. The increase in the public debt is the price that not only Armenia, but the whole world paid, in order to mitigate the negative impact of the crisis in 2020 in some  way. This was announced on June 9 by  RA acting Minister of Finance  Atom Janjughazyan at the sitting of the Standing Committee of the  National Assembly of the Republic of Armenia on Budgetary and  Financial- Credit Issues.

ArmInfo.The World Bank's forecast for GDP growth in Armenia has not changed: - 3.4% in 2021, with an acceleration to 4.3% in 2022 and 5.3% in 2023 (against an actual  decline of 7.4% in 2020). This is stated in the new June report of  the World Bank "Global Economic Prospects".

ArmInfo.Armenia's foreign trade turnover amounted to $ 2.2 billion in January-April 2021, with an improvement in y-o-y dynamics to 7.2% growth (from a 10.4% decline a  year earlier).

ArmInfo.Armenia's public debt accelerated growth in January-April 2021 to 10.4% (from 1.4% growth a year earlier), reaching $ 8.8 billion. According to preliminary data  of the RA Ministry of Finance, published by the RA Statistical  Committee, Armenia's external debt increased by 9.8%, exceeding $ 6.7  billion, and domestic debt - by 6.8%, exceeding $ 2 billion, while a  year earlier the decline in external debt by 1.7% was accompanied by  an increase in domestic debt by 13.3%.

ArmInfo. In Armenia, economic activity in January-April 2021 increased by 2.6% per annum (against a 1.7% decline a year earlier), against the backdrop of an increase in   exports and imports by 16.7% and 2.2%, respectively. According to the  preliminary data of the Statistical Committee of the Republic of   Armenia, in the sectoral breakdown, growth was demonstrated by all   sectors, except for the service sector, and data on the agricultural   sector are published in the statistical report only on a quarterly   basis.

ArmInfo. The new forecast report of the Central Bank of the Republic of Armenia for 2021 is supplemented with an apocalyptic scenario, but the recorded development indicates  that the economy has begun to breathe.