ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo. As of July 1, 2022, over 2.8mln plastic cards were effective in Armenia, including  co-badging cards ArCa-MIR and Russian MIR cards, with a slower increase - from 8.3% to 7.7% - which is lower than the 9.1% increase in the corresponding period of 2020 and must lower than the 22.2%  increase in 2019. In the first half of 2022, 95,600 more cards were issued, with 67,400 cards issued in the 2nd quarter. The cause is the relocation of the capital to Armenia by a larg number of Russian residents. 

ArmInfo.

ArmInfo.The July beneficiary of the "The Power of One Dram" initiative was the “QaylTech” company, which created an exclusive Armenian innovative product - the MetaGait device. MetaGait helps disabled soldiers and children with cerebral palsy regain mobility by preventing more than 30 diseases caused by immobility.

ArmInfo.The service sector sharply accelerated growth in Armenia, in H1 2022, from 2.7% to 26.9%, as a result of which its volume exceeded 1.1 trillion drams  ($2.4 billion).  This is evidenced by the data of the RA Statistical  Committee, according to which in June alone, the volume of services  provided increased by 8% (against 3.9% a year earlier), amounting to  226.7 billion drams ($536.4 million).

ArmInfo. In the first half of 2022, This January, the cargo traffic totaled 8,332.6 thousand tons - an 11.2% increase against an 18.4% increase last year. During the  period under review, passenger traffic showed a 40.4% increase  against a 17.7% increase (71,030.5 thousand passengers). 

ArmInfo.The trade sector of Armenia in H1 2022 accelerated y-o-y growth from 8% to 10.7%, with a volume of 1.8 trillion drams ($3.8 billion). According to the RA  Statistical Committee, in June alone, the trade sector provided  revenue of 378.7 billion drams ($896 million), with a monthly  increase of 12.8% (against 7.2% growth in June 2021).  

ArmInfo.  In the first half of 2022, the proceeds of Armenia`s communication service system totaled AMD 73.965bln or $158mln  - a year-on-year increase of 4.5%.

ArmInfo. A total of 188,856 tourists visited Armenia this July. 

ArmInfo. Production volumes in the industrial sector of Armenia in H1 2022 accelerated growth to 5.8% (from 2.1% a year earlier), reaching 1.2 trillion drams ($2.5  billion).  This is evidenced by the data of the RA Statistical  Committee, according to which the industry showed an increase of  17.1% with ay-o-y growth of 19 % in June alone  (June 2022 to June  2021).

ArmInfo.The single operator of the Armenian water supply system, Veolia Djur, intends to apply to the Public Services Regulatory Commission (PSRC) to increase the  water tariff by about 9 drams per 1 cubic meter.  

ArmInfo.The State Revenue Committee (SRC) of Armenia announces that it is starting active administration in pursuance of the requirements of the law "On  Non-Cash Transactions".  

ArmInfo.Chaired by Prime Minister Nikol Pashinyan, the work of the session of the Economic Policy Council under the Prime Minister of the Republic of Armenia was held  August 6 and 7, at the Dilijan educational and research center of the  Central Bank of Armenia.

ArmInfo.The Eurasian Development Bank (EDB), in cooperation with the Armenian government and Yeremyan Farm CJSC, are launching the largest livestock program  in Armenia. EDB Chairman of the Management Board Nikolay Podguzov,  Armenian Minister of Economy Vahan Kerobyan and Director of Yeremyan  Pharm CJSC David Yeremyan signed the corresponding Memorandum of  Cooperation on August 5.

ArmInfo. The growth of economic activity in Armenia accelerated in H1 2022 to 11.8% per annum (from 5% in the first half of 2021), exceeding even the pre-Covid 6.5%  growth in H1 2019, which was accompanied by a surge in imports and  exports.