ArmInfo.On January 11, Armenian Prime Minister Nikol Pashinyan chaired a meeting on the introduction of a universal income declaration system for individuals.

ArmInfo.In Armenia, the service sector in January-November 2021 increased volumes by 7.3% (against a 13.6% decline a year earlier), exceeding 1.6 trillion  drams ($ 3.3 billion). According to the RA Statistical Committee,  this is due to the improvement in the dynamics of services provided  in almost all areas.

ArmInfo.The trade sector of Armenia increased its turnover in January-November 2021 against the same period of 2020 by 7.9% (against a decline of 13.5% a year  earlier), exceeding 2.9 trillion drams ($ 5.9 billion). According to  the RA Statistical Committee, in November 2021 alone, the trade  turnover in Armenia increased by 3.8%, amounting to 316.2 billion  drams ($ 662 million).

ArmInfo.Revenue in the communications sector of Armenia in January-November 2021 amounted to 133.7 billion drams, having increased on a y-o-y terms basis 4.5%  (against a 3.4% decline in the previous year). This is evidenced by  the data of the RA Statistical Committee.

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ArmInfo. Freight traffic in Armenia in January-November 2021 compared to the same period in 2020, increased by 16.3% - up to 15,723.2 thousand tons (against 1.9%  growth a year earlier). This is evidenced by the data of the RA  Statistical Committee.

ArmInfo.The revenue of the textile industry in Armenia increased in January-November 2021 compared to the same period in 2020 2.2-fold, exceeding 1.7 billion  drams. As evidenced by the data of the Statistical Committee of the  Republic of Armenia, such a dynamic was provoked by a tangible  increase in the production of bed linen and fabrics.

ArmInfo. In Armenia, over 11 months of 2021, the alcohol industry has increased production volumes for all alcoholic beverages produced in the country. This is  evidenced by the data of the RA Statistical Committee.

ArmInfo. Metallurgical industry of Armenia for 11 months of 2021 accelerated its y-o-y growth rate to 16.9% from 1.7% in the same period in 2020. According  to the data of the Statistical Committee of the Republic of Armenia,  the improvement in dynamics is associated with a sharp increase in  the production of castings from unalloyed (carbon) steel, as well as  the continuing upward trend in the production of ferromolybdenum.

ArmInfo.Electricity generation in Armenia in January- November 2021 amounted to 6 848.4 million kWh, with a y-o-y decline of 2% (against an increase of 1.8%  a year earlier). This is evidenced by the data of the Statistical  Committee of the Republic of Armenia, according to which in November  alone, electricity generation increased by 17.6% - up to 685.2  million kWh.

ArmInfo.The Standing Committee of the National Assembly of Armenia on  Financial-Credit and Budgetary Affairs approved the nomination of Hovhannes Khachatrian  for the vacant position of Deputy Chairman of the Central Bank of  Armenia (CBA).

ArmInfo. Russia holds the lead in Armenia's foreign trade turnover in January-November 2021with a volume of more than $ 2.3 billion, with a change in y-o-y dynamics from the 2.8% decline to 18.4% growth, which turned out to be higher  than the rates of the same period of 2019, when the 12.6% growth was  registered.

ArmInfo.The industrial sector of Armenia increased production in January-November 2021 by 2.7% (against a decline of 0.2% a year earlier), amounting to 2.1  trillion drams ($ 4.1 billion). As evidenced by the data of the  Statistical Committee of the Republic of Armenia, such dynamics is  due to the improvement in the trend of the manufacturing industry -  with the exit from recession to growth, with a negligible recession  in the mining sector.

ArmInfo.Last January-November saw 5.2% growth in economic activity in Armenia against 7.2% in the corresponding period 2020 and 7.5% in January-November 2019, along with two-digit growth in exports and imports. Much lower relevant  figures were recorded in the pre- COVID period, according to the  final data by the RA Statistical Committee.  

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ArmInfo. The RA Civil Aviation Committee has issued a licence to Pegasus Airline (Turkey) for Yerevan-Istanbul-Yerevan irregular commercial flights, an official  report reads. 

ArmInfo. For 2022, the Road Department Fund of the Ministry of Territorial Administration and Infrastructures is hatching ambitious plans for the volume of road  construction work. This was stated by Vahagn Stepanyan, Head of the  Program Management Division of the Road Department Fund.

ArmInfo.In the consumer market of Armenia in January-December 2021, inflation increased to 7.7% from 3.7% in the same period of 2020 (against inflationary 0.7% in the pre-COVID period of 2019).

ArmInfo.From January 1, 2022, Armenia will switch over to a new, liberal wholesale and retail electricity market model, reports the RA Public Services Regulatory Commission. On January 5, the Commission approved a number of amendments to the  relevant rules and standard contract forms.