ArmInfo. On January 10, 2022, at the Best Western Congress Hotel, Armswissbank – the Delivery Partner of “Scaling up green finance practices in the Republic of Armenia” Programme - organized a workshop to present the results of the third phase of the programme funded by the Green Climate Fund (GCF). The results of the international good practice analysis in the sustainable finance area and the proposed recommendations for advancing green finance practices in Armenia were presented. The third phase of the Program was implemented by PwC Armenia and PwC Switzerland.

ArmInfo. By November 1, 2021, the Armenian banks' client based reached 2,336,263 - 121,947 (3.8%) clients more than the previous year. 

ArmInfo.Last November, a 9.7% year-on-year rise in the average market prices for housing was recorded in Armenia's regions, with a monthly rise of 1.8%, up to AMD  104,600 per 1sq meter.  

ArmInfo.The World Bank has not changed its GDP growth forecast for Armenia for 2021-2022 - 6.1% down to 4.8%, with a further upward trend to 5.4%, according to the WB January 22 Global Economic Prospects. 

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ArmInfo.The Armenian government minimizes contacts between the tax authority and the taxpayer. On January 12, at a regular sitting of the NA Standing Committee on  Economic Affairs, the draft law "On Amendments and Addenda to the RA  Tax Code" was discussed in the first reading.

ArmInfo. In Armenia in January-November 2021, 33,587 children were born, which is 0.7% higher than a year ago, and in a two-year context, the growth was  1.9%. According to the RA Statistical Committee, the birth rate per  1000 inhabitants at the end of the reporting period amounted to 12.4  ppm, against 12.3 ppm in 2020 and 12.2 ppm in 2019.

ArmInfo.The State Revenue Committee of Armenia revealed a criminal scheme of tax evasion by importers through bankruptcy. The state suffered damage in the amount  of about 150 million drams.

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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).