ArmInfo. The head of the Armenian Ministry of Economy Tigran Khachatryan assures that Armenian citizens will not feel the additional financial burden after the  increase in customs duties on goods imported from outside the EAEU,.  "The total impact of a rise in the price of a number of goods on  inflation due to Armenia's membership in the EAEU will not exceed  0.5%," he said during a government hour in parliament on November 13.

ArmInfo.The World Bank updated the forecast on foreign trade of Armenia for 2019, expecting acceleration of export growth to 5.1% (instead of the previously  expected 8.8%) and a slowdown in the rise of imports to 4.2% (instead  of the previously expected 12.2%), against export growth of 7.8% and  imports of 21.1% recorded in 2018.

ArmInfo. According to the new World Bank forecast, the service sector and the industrial sector will act as drivers of GDP growth in Armenia in 2019-2021, and the  agricultural sector will emerge from the recession and accelerate the  ascent. This is noted in the WB economic report published on October  9, "Migration and Brain Drain. World Bank Europe and Central Asia  Economic Update''.

ArmInfo. In September 2019, inflation in the consumer market of Armenia was recorded at 0.2%, which was due to a rise in prices for non-food products by 0.4% and  an increase in tariffs for services by 0.2%, while food prices  remained unchanged. In the capital, consumer prices rose by 0.3% in  September. In January-September 2019, deflation in the consumer  market of 2.1% was due to a decrease in the price of food products by  5.5%, with a rise in price of non-food products by 0.6% and an  increase in tariffs for services by 0.9%.

ArmInfo. The indicator of  economic activity in Armenia increased in July 2019 by 8.1% y-o-y  (3.4% y-o-y a month earlier). The dynamics of the indicator could be  positively affected by agriculture, in which in the second half of  2019 production growth is forecasted against the background of a low  comparison base.

ArmInfo.

ArmInfo.

ArmInfo. For the second year in a row, Armenia remains the fastest growing economy of the EEU. In 2018, it grew by 5.2% after 7.5% a year earlier. The main reasons for  the slowdown in economic activity were a more moderate growth in  household consumption than in 2017, and a decrease in consumption in  the public sector. This is stated in the Eurasian Development Bank's  Macro-Review published today in Armenia.

ArmInfo. The IMF approved the  provision of Stand-by loans to Armenia in the amount of about $ 248.2  million. The press service of the Central Bank told ArmInfo that the  Armenian authorities stated that these loans would be considered a  preventive measure and would not be used until There will be no  problems with the balance of payments.

ArmInfo. According to Eurasian Development Bank (EDB) forecasts, GDP growth in Armenia in 2019 will accelerate to 5.3% from actual 5.2% in 2018. This is noted in the  macroeconomic review of Armenia prepared by the Directorate for  Analytical Work of the EDB. For 2020, the EDB predicts a slowdown in  GDP growth to 4.6% with a subsequent acceleration in 2021 to 5.1%.

ArmInfo. Economic growth in  Armenia in the medium term will tend to 5% per year. This is stated  in the macroeconomic review of Armenia prepared by the Directorate  for Analytical Work of the Eurasian Development Bank (EDB).

ArmInfo. In the consumer market of Armenia in the Q1 of 2019, inflation was recorded at 2.6% against last year's 2.5%. In the Q1 of this year inflation was mainly  provoked by a 5.8% rise in the price of food products and, to a  lesser extent, a rise in tariffs for services by 0.1%, in parallel  with the decrease in non-food prices by 0.4%. According to the RA  Statistics Committee, the average monthly price increase in the Q1 of  this year amounted to 0.9%, against 0.8% a year earlier.

ArmInfo. The restaurants of Armenia are aimed to become the first in the region and the possibilities necessary for this in the country are available. On  March 23, Yeremyan Projects General Director David Yeremyan expressed  the opinion at the first meeting of the founders of the Armenian  Restaurants Assotiation - ARA.

ArmInfo. The Central Bank of Armenia has kept the refinancing rate at the level of 5.75%. As the press service of the Central Bank of Armenia told ArmInfo, this  decision was made at a meeting of the Central Bank's Council on March  12. It is worth recalling that the refinancing rate was kept at 6%  from February 2017, and only in 2019, 0.25 percentage points reduced  January 29.

ArmInfo. Inflation was fixed at  1.7% in the Armenian consumer market in January 2019, with y-o-y  inflation at 0.6% (in January 2019 compared to January 2018), while a  year earlier in January 2018 the monthly and annual inflation were  the same 2.7%.

ArmInfo. In the consumer market of Armenia in 2018, inflation was lower - 1.8%, compared to 2017 - 2.6%. This was largely triggered by a rise in prices for non-food  products (including alcohol and cigarettes) by 3.2%, compared to food  products - by 1.8%, while tariffs for services increased by 0.8%. 

ArmInfo.The Central Bank of Armenia has kept the refinancing rate at 6%. As the press service of the Central Bank of Armenia told ArmInfo, this decision was made at a  meeting of the Central Bank's Council on December 25. In fact, the  refinancing rate has been delayed at this level since February 2017.

ArmInfo. Inflation registered at 1% in the consumer market of Armenia in November 2018, whichdue to the rise in price of food products by 2%, non-food products - by  0.4%, increase in tariffs for services - by 0.2%. In the capital,  consumer prices rose in November by 1.1%.

ArmInfo.

ArmInfo.Until the end of 2018, GDP growth rates in Armenia are likely to remain lower than in the first half of the year. This is stated in the next monthly,  October, report of the EDB <MacroBaz>. Nevertheless, according to the  results of 2018, according to the EDB forecast, the growth of the  Armenian economy will remain at a rather high level and will be 5.9%  compared to 2017.