ArmInfo. If this trend continues, then by the end of 2023, we may be able to register an indicator of 2 million tourists. Sisian Boghossian, Chairperson of the Tourism Committee of Armenia, expressed a similar opinion during a press conference on July 10.

ArmInfo. Works on the  construction of the first sanitary landfill in Armenia within the  framework of the "Solid Waste Management Program of Kotayk and  Gegharkunik Regions" are at the final stage, Armenia's Premier Nikol  Pashinyan was told on July 10 during a meeting in the Kotayk regional  administration, specifying that 90% of the construction work has  already been completed.

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ArmInfo.  According to the  Macroeconomic Outlook by the Eurasian Development Bank (ADB), this  June saw a 0.5% price reduction in Armenia against a 1.3% price rise  this May. 

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ArmInfo. July 3 to 7, 2023, USD and RUB transactions showed a decline, with no EUR transactions effected for the second week. USD and RUB transactions were effected only on Tuesday and Thursday. Specifically, USD transactions showed a 95.7% decline against a 4.1-fold growth, with RUB transactions showing a 26.7% decline against a 2.4-fold growth. As a result, the total amount of RUB transactions exceeded the total amount of USD transactions 4-fold. The previous week, USD transactions exceeding RUB 4-fold.

ArmInfo. In Armenia, the services sector is showing double-digit growth, but already with a slowdown, due to a subsidence in the volume of services provided in the real estate market and slowing growth in services in other areas of activity. This is evidenced by the data of the RA Statistical Committee, according to which the service sector in Jan-May 2023, slowed y-o-y growth from 24.9% to 19.9%, providing revenue of 1.170 trillion drams ($2.9 billion), while in May revenues grew by 1.1% - up to 251.3 billion drams ($650.2 million).

ArmInfo. Armenia significantly increased the volume of foreign trade with many EU countries - with, Germany, France, Austria, Greece, Denmark, Finland, Poland, Slovakia (2- 3.7-fold), rapidly increasing foreign trade turnover in the direction of the USA, UAE, Japan, Great Britain and Canada (2.2-5.8-fold). This is evidenced by the data of the RA Statistical Committee for January-May 2023.

ArmInfo. Armenian trade sector in Jan-May 2023 accelerated the y- o-y growth rate from 8.9% to 24.5%, providing a volume of 1.8 trillion drams ($4.7 billion).  According to the data of the RA Statistical Committee, in May of this year alone, trade turnover in Armenia grew by 9.6% - up to 428.5 billion drams ($1.1 billion). The improvement in dynamics is due to the acceleration of growth rates in all types of trade.

ArmInfo. In H1 2023, 1 million tourists visited Armenia, which is almost 2-fold higher than a year ago. The Tourism Committee of Armenia reports on its Facebook page.

ArmInfo. Armenia's communications sector revenue slowed down y-o-y growth to 4.5% in January-May 2023 (from 5.4% a year earlier), amounting to 64 billion drams. This is evidenced by the data of the RA Statistical Committee, according to which a similar slowdown iny-o-y growth from 5.8% to 4.5% was demonstrated by the dominant telecommunications sector (91.6%), with revenues of 58.7 billion drams.

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ArmInfo. January-May 2023 the volume of cargo transportation in Armenia increased by 10.1% per annum (against 12% in the same period in 2022), amounting to 7,301.5 thousand tons. This is evidenced by the data of the RA Statistical Committee.

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ArmInfo. Electricity generation in Armenia began to decline, changing the y-o-y dynamics from 13.1% growth to 3.1% decline in Jan-May 2023, amounting to 3,630.3 million kWh. And in May alone, electricity generation decreased by 5.1%, amounting to 590.9 million kWh. This is evidenced by the data of the RA Statistical Committee.

ArmInfo. Armenia's national debt exceeded $11bln by this June  - a 15% year-on-year increase due to an increased domestic debt and decreased foreign debt. Specifically, Armenia's domestic debt showed a 51% year-on-year increase, exceeding $4.6, with the foreign debt showing a 1.5% decrease, totaling $6.4bln.

ArmInfo.  The Ministry of Finance of  Armenia proposes a gradual phasing out of the income tax refund  system for mortgage loans throughout Armenia. The draft law is  submitted for public discussion on a single portal of legal acts.

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