ArmInfo. Armenia and Russia intend to expand cooperation in the field of tax and customs administration. This became known following the meeting of Chairman  of the State Revenue Committee of Armenia Rustam Badasyan and  Ambassador Extraordinary and Plenipotentiary of the Russian  Federation to Armenia Sergey Kopyrkin.

ArmInfo.Information and telecommunications technology (ICT) revenue accelerated the y-o-y growth rate from 2.8% to 7.4%, providing a revenue volume of 344.7  billion drams (about $684.3 million).

ArmInfo.The volume of cargo transportation in Armenia in 2021 increased by 15.8% (against an increase of 0.7% in 2020), amounting to 17,243 thousand tons. Of  these, 12,067.2 thousand tons (69.9% of the total volume) fall to  road transport, growing 23.1% by y-o-y terms  (against an increase of  0.9% in 2020). This is evidenced by the data of the RA Statistical  Committee.

ArmInfo.The acceleration of public debt growth in Armenia, with a negative migration balance and weak population growth increased the specific debt burden per capita  in 2021 to $3.1 thousand from $2.7 thousand in 2020 (against $2.5  thousand in 2019).

ArmInfo.After the coronavirus crisis in 2020, when the production volumes of alcoholic beverages produced in Armenia decreased, in 2021 the country's  alcohol industry almost recovered. During the reporting period,  growth was registered in the line of all drinks. The only exceptions  were champagne, vodka, liquor and some other alcoholic beverages.

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ArmInfo. Armenia's economic activity increased in January- December 2021 by 5.8% per annum, against a 7.5% decline in 2020 and a 7.8% growth in 2019. The growth  driver was restored by the service sector, the trade sector, the  construction sector and the industrial sector, while the energy  complex and the agricultural sector went into decline. This is  evidenced by the final data of the RA Statistical Committee.

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ArmInfo.The production volumes of Armenia's textile industry have increased 2.1-fold in a year, providing production volumes in the amount of 1.9 billion drams  (over $3.7 million). 

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ArmInfo.Armenia's Premier Nikol Pashinyan hosted Japanese Ambassador to Armenia, Mr. Masanori Fukushima. 

ArmInfo. Expo-2020 is the world's largest-scale exhibition, with over 10 million visitors reported. And over 300,000 people have visited the Armenian pavilion,  stated RA Deputy Minister of Economy Narek Teryan.     

ArmInfo. The dominant parliamentary faction Civil Contract refused to put the bill raising the minimum monthly wages from AMD 68,000 up to AMD 100,000 on the  agenda, pleading lack of funds. 

ArmInfo. In 2021, there were 24,775 transactions for the purchase and sale of land in Armenia, which is higher than the figure of 15.4% a year ago. This is  evidenced by the data of the Real Estate Cadastre.

ArmInfo. Since today, compulsory motor vehicle  insurance policies (CMTPL) in Armenia have risen in price by 3.000  drams ($6.5).

ArmInfo. In 2021, 4,621 real estate transactions were made by foreigners in Armenia, which is 32.2% higher than a year ago. According to the RA State Real Estate  Cadastre, in total, non-residents accounted for 8.2% of the total  number of completed purchase and sale transactions, against 7.6% in  the same period a year earlier. According to all indicators for the  reporting period, there is a dominance of sales over purchases in  real estate transactions of foreigners.

ArmInfo.According to the results of 2021, 33,480.8 tons of aluminum foil were produced in Armenia. Thus, for the fourth time, the Armenal plant exceeds the  30.000 mark in terms of aluminum foil output (in 2017 - 33.724 tons,  in 2019 - 30.547 tons, in 2020 - 35,481.9 tons, ed. note)

ArmInfo. Electricity generation in Armenia in January- December 2021 amounted to 7,674.9 million kWh, decreasing by 0.6% over the year (against an increase of  1.2% a year earlier). However, in December alone,  electricity  generation increased by 20.6% - up to 826.5 million kWh.  According  to the RA Statistical Committee, in January-December 2021, TPPs  increased electricity generation by 6.9% - up to 3,383.7 million kWh,  and HPPs - by 23.8%, up to 2,201.7 million kWh.

ArmInfo.The metallurgical industry of Armenia grew by 18.3% in 2021 due to the progressive growth in the production of castings from non-alloyed (carbon) steel  and ferromolybdenum, against the backdrop of a decrease in volumes in  the line of all other metals produced in the country. According to  the results of the previous 2020, the industry recorded a decline of  0.4%.

ArmInfo. In 2021, Armenia's industry was able to grow by 2.385 trillion drams ($ 4.7 billion), which is 3.3% higher than the indicator of a year ago (instead of a  decline of 0.9% a year earlier).