ArmInfo. The production of aluminum foil in Armenia in January-August 2020 compared to the same period in 2019 increased by 14%, with a volume of 23.515 thousand  tons provided. This is evidenced by the data of the RA Statistical  Committee.

ArmInfo.

ArmInfo.

ArmInfo.Fitch forecasts that the Armenian economy will contract by 6.2% this year, with 3.2% growth in 2021. This is noted in the report published  yesterday by  Fitch, which indicated that the agency now expects a weaker recovery  in external demand, including in the tourism sector, along with a  moderate slowdown from the curtailment of fiscal measures.

ArmInfo.

ArmInfo.

ArmInfo. Electricity generation in Armenia in January-August 2020 amounted to 5104.8 million kWh,  increased by 1.9% in y-o-y turns  (against the decline  by 3.5% a year earlier), and  in August  alone increased by 1.6% - up  to 656.4 million kWh.

ArmInfo.

ArmInfo.

ArmInfo. In the consumer market of Armenia in January-September 2020, a deflation of 1.4% was recorded, against deflationary 2.1% in the same period of 2019. This  was triggered by a decrease in prices for food products (including  alcohol and cigarettes) by 4.1% and non-food products by 0.3%, while  tariffs for services increased by 1.3%.

ArmInfo. By the end of 2020, the budget deficit of the Republic of Armenia will reach 459 billion drams, which is 7.4% of the RA GDP. A similar forecast was announced  on October 5 by the RA Minister of Finance Atom Janjukhazyan during  the sitting of the Standing Committee of the National Assembly of the  Republic of Armenia on Financial-Budgetary Issues.

ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo. Armenia has fully redeemed the debut issue of Eurobonds in the amount of $ 700 million,  the issue of which took place in September 2013 on the international  capital market. According to the RA Ministry of Finance, after the  redemption in 2015 and 2019 from this issue, respectively, $ 199.9  million and $ 402.4 million, bonds in the amount of $ 97.7 million  remained in circulation.

ArmInfo.

ArmInfo.

ArmInfo. Official sources of world leaders - the main partner countries of Armenia predict a decline in their GDP in 2020: in the USA - by 5.3%, in the Eurozone -  by 7.9%, in the Russian Federation - by 4.5%. These fresh economic  forecasts of the partner countries are cited by the Central Bank of  the Republic of Armenia in the Monetary Policy Program (MP) for the  third quarter, published on September 30, in which the forecast for  Armenia's GDP for 2020 was adjusted towards a larger decline - by  6.2% (against the previous 4% and an actual 7.6% growth in 2019), the  unemployment rate is expected to grow to 20.2% (from an actual 18.9%  in 2019), and inflation at the end of 2020 will be 2.5% (against the  target 4% +/- 1.5).

ArmInfo. The Central Bank of rmenia in the updated forecast for 2020 expects a higher state budget deficit - 5.7% of GDP (against the previously predicted 5%),  with an annual growth of 4.8 percentage points. As noted in the  Central Bank's Monetary Policy Program (MCP) for the third quarter of  this year, published on September 30, this level is expected in the  context of a worse forecast for a decline in GDP for 2020 to 6.2%  from the previous 4% (against the actual 7, 6% growth in 2019).

ArmInfo. Central Bank of Armenia revised the forecast for 2020 on foreign trade towards a larger decline, expecting an equably significant decline in volumes  of export and import by 29-32%. This is stated in the monetary policy  program of the Central Bank for Q3 of 2020 published on September 30,  in which the forecast for a decline in GDP in 2020 was worsened to  6.2% from the previously forecasted 4%.