ArmInfo.

ArmInfo.Armenia's foreign trade turnover with the EAEU countries in January-August 2021, compared to the same period of 2020, accelerated growth to 11% (from 0.1% a year earlier), exceeding even the pre-COVID growth by 6.7%, and amounting  to $ 1.6 billion. This is evidenced by the final data of the RA  Statistical Committee.

ArmInfo.The production of aluminum foil in Armenia in January-August 2021 compared to the same period in 2020 decreased by 14%, with a volume of 22.589 thousand  tons provided (against 14% growth a year earlier). This is evidenced  by the data of the RA Statistical Committee.

ArmInfo.Leader of the "Republic" party, former Prime Minister of Armenia Aram Sargsyan, in an interview with ArmInfo, comments on the latest regional  transformations with the participation of Armenia. Discusses the  prospects and ways of development of the Armenian economy. Shares his  own vision of the place and role of Armenia in the South Caucasus and  in the world.

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ArmInfo. The World Bank improved its forecast for GDP growth in Armenia for 2021 from the previous 3.4% to the updated 6.1%, suggesting, as the economy enters the phase of economic recovery, gradually abandon government support measures  and focus on creating a competitive business environment that is a  key aspect for sustainable recovery, resilience to future crises and  long-term economic growth.

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ArmInfo.In the consumer market of Armenia in January-September 2021, inflation was recorded at 3.6%, against deflationary 1.4% in the same period of 2020 and 2.1% pre-  COVID deflationary for 9 months of 2019.

ArmInfo.

ArmInfo. On October 6, the National Assembly of Armenia adopted in the first reading a government bill on the gradual abolition of the income tax refund  system on mortgage loans in Yerevan.

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ArmInfo. Armenian Finance Minister Tigran Khachatryan and Russian Ambassador Extraordinary and Plenipotentiary to Armenia Sergey Kopyrkin discussed issues of  Armenian-Russian economic cooperation.

ArmInfo.

ArmInfo. This year, one of the largest banks in Armenia, ACBA Bank, has made an extremely serious claim in the market. Due to the accumulated profit, the bank increased its authorized capital from 30 to 50 billion drams, and in mid-September announced an open and free subscription to its shares for a total of 7.5 billion drams.

ArmInfo.In January-August 2021, Armenia generated 5,030.5 million kWh electricity, which is 1.5% less than a year ago (against an increase of 1.9% a year  earlier).  According to the Statistical Committee of the Republic of  Armenia, in August alone, electricity generation decreased by 8.8% -  to 576.4 million kWh.

ArmInfo.The new shareholder of 60% of shares of Zangezur Copper- Molybdenum Combine (ZCMC), GeoProMining company, will build a copper smelter in Armenia, the  relevant decision has been made. The construction site has not yet  been determined. With the implementation of the plans, the total  volume of accumulated investments can reach $ 3.5 billion, said  member of the Board of Directors of GeoProMining and its owner Roman  Trotsenko on October 4 in an interview with the Public Television of  Armenia.

ArmInfo. Armenia's foreign trade turnover in January-August 2021 amounted to $ 5 billion, with an improvement in y-o-y dynamics to 12.7% growth (from a 10.2% decline a year earlier), and with a noticeable excess of the 2% pre-COVID  growth rate. Moreover, exports (21.8%) showed higher growth than  imports (7.7%), with the trend emerging from the downward 6% and  12.4%, respectively, a year earlier, and with a significant excess of  the pre-COVID upward rates of 4.6 % and 0.7%, respectively.

ArmInfo.In 2022, Armenia expects to receive official grants in the amount of 40.3 billion drams, or approximately $ 81.6 million. This is stated in the draft law "On the  state budget of the Republic of Armenia for 2022", approved by the  Cabinet of Ministers on September 30.

ArmInfo.Russia and China hold the lead among Armenia's foreign trade partners. According to the final data of the Statistical Committee of the Republic of Armenia,  Russia holds the lead in Armenia's foreign trade turnover with a  volume of over $ 1.5 billion in January-August 2021, with the y-o-y  dynamics changed from the 0.9% decline to 11.8% growth.

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