ArmInfo.

ArmInfo.IDBank and Idram summed up the results of the next program of the “Power of One Dram” initiative: the entire amount collected during June and July, AMD 6.925.000 was transferred to the Military Insurance Fund.

ArmInfo. Russia and China remain the main foreign trade partners of Armenia. According to the final data of the Statistical Committee of the Republic of Armenia, Russia  holds the leadership in Armenia's foreign trade turnover with a  volume of $ 1.1 billion in the first half of 2021, with the annual  dynamics coming out of a 0.4% decline by 16% growth.

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ArmInfo.Armenian products are becoming available in different parts of the world. On August 4, Yerevan hosted an event dedicated to the official launch of the  pan-Armenian online sales platform www.buyarmenian.com. The purpose  of the event was to familiarize the general public with the content  of this initiative and the capabilities of the platform.

ArmInfo.Negative migration balance in Armenia at the end of the first half of 2021 amounted to 1,779 people, which is 23.2% more than a year ago, and a decline of  34.2% was recorded in the two-year context. This is evidenced by the  data of the RA Statistical Committee.

ArmInfo. In Armenia, economic activity in H1 2021 increased by 5% per annum (against a 4.7% decline a year earlier), which is accompanied by an increase in exports and a  rise in imports. In June of this year, by June 2020, economic  activity increased by 8% (against a decline of 12.8% a year earlier),  while in June 2021 alone it accelerated growth to 12% from May 2%  (against a less noticeable acceleration of growth in May 2020 from  13.3 % to 14.8%).

ArmInfo.Armenia's foreign trade turnover in January-June 2021 amounted to $ 3.6 billion, with an improvement in y-o-y dynamics to 13.4% growth (from a 10.7% decline a  year earlier). Moreover, higher growth was shown by exports (23.3%)  than imports (7.9%), with the trend emerging from the downward 6.5%  and 12.9%, respectively, a year earlier. According to the final data  of the Statistical Committee of the Republic of Armenia, the volume  of exports reached $ 1.4 billion, and imports- $ 2.2 billion.

ArmInfo. In the consumer market of Armenia in July 2021, y-o-y inflation increased to 8.2% (from 1.5% a year earlier), due to an increase in prices for food products  (including alcohol and cigarettes) by 13.1% and non-food products by  9.6 %, with an increase in tariffs for services by 1.8%, while a year  earlier (July 2020 to July 2019) there was an increase in the price  of food products by 2.1% and an increase in tariffs for services by  1.4%, while the prices of non-food products remained unchanged. This  is evidenced by the data of the RA Statistical Committee.

ArmInfo. Prime Minister of Armenia Nikol Pashinyan presented to the staff of the Ministry of Finance newly appointed head of the department Tigran Khachatryan.

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ArmInfo.As of July 31, 2021, tax revenues (tax revenues and state duty) of the state treasury of Armenia amounted to 872.5 billion drams or 84.3% of the planned  figure for 9 months, the Budget Office of the RA National Assembly  reports.

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ArmInfo. In Armenia, some uncertainty is observed in terms of inflationary expectations, this is especially noticeable on the part of households. Another  uncertainty is the tension on the state border.

ArmInfo.Armenia was included in the list of 7 most impressive travel destinations according to Forbes. The telegram-channel of the Ministry of Economy of Armenia  reports.  

ArmInfo.The Central Bank of Armenia, taking into account the expected macroeconomic development in the external sector and economy of Armenia, and the resulting inflationary impact, considers it expedient to continue raising the refinancing rate - now  from 6.5% to 7%.

ArmInfo. In H1 2021, the net inflow of transfers increased by 98.6% per annum (from a 16.3% decline a year earlier) - to $ 382.9 million, which is largely  supported by the continuing increase by several times in remittances  from the United States, as well as recovering growth transfers from  Russia. This is evidenced by the data of the RA Central Bank.

ArmInfo.Central Bank of Armenia decided  to raise the refinancing rate by 0.5 percentage point from 6.5% to 7%.

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