ArmInfo. In Armenia, economic activity in January 2021 against January 2020 decreased by 7.5%, but in January alone this year decreased by 47%, against last year's  y-o-y growth by 8.9% and the January decline by 47.8%. According to  the preliminary data of the Statistical Committee of the Republic of  Armenia, the y-o-y growth was provoked by all fields, except for the  energy complex and construction.

ArmInfo. One of the fastest internet networks in the world will appear in Yerevan. Telecommunication company Telecom Armenia (TM Beeline) announced the start of work on the construction of the most advanced fiber-optic network in the region - Next Generation Network (NGN).

ArmInfo. Non-cash and contactless payments have reached a stable place in our lives: these make the shopping process easier and more convenient. Idram & IDBank alliance has a great contribution in  the development  of this direction, and Idram’s QR contactless payment system is the leader of such  platforms in the Armenian market.

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ArmInfo.AraratBank has been again awarded the Partner of the Year by Ria Money Transfer for achieving great results during 2020 and supporting Ria Money Transfer business growth.

ArmInfo.The United States Agency for International  Development (USAID) announced additional funding of $ 2.65 million to strengthen Armenia's  agricultural sector, including more targeted support for women entrepreneurs and the creation  of cooperatives.

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ArmInfo.Armenian GDP decreased in 2020 by 7.6% - to 6.2 trillion drams ($ 12.6 billion), against growth by 7.6% in 2019. This is evidenced by the data of the  RA Stat Committee.

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ArmInfo. RA Minister of Economy Vahan Kerobyan held a regular meeting with the members of the Union of Armenian Restaurants, listened to the questions and proposals raised by them, presented the work done by the Ministry after the first meeting and discussed new opportunities for cooperation. This was announced on February 22 by the press service of the department.

ArmInfo. Deputy Chairman of the Board of the Eurasian  Development Bank (EDB) Tigran Sargsyan during his speech at the opening of the seminar "Russia and Europe: New Challenges for Economic Cooperation and Overcoming the Pandemic" noted the importance and effectiveness of international digital solutions in the context of the global spread of the virus.

ArmInfo. In 2020, the volume of operations of the European Bank for Reconstruction and Development (EBRD) in Armenia amounted to a record 160 million euros, of which about 93% falls on the private sector. The head of the Yerevan office of the  Bank Dimitri Gvindadze stated this at the 18th regular meeting of the  Council of Small and Medium Enterprise Development held today.

ArmInfo.In 2020, only 7.3 thousand cars were imported to Armenia against 189 thousand cars at the end of 2019. Head of the Department of Customs Statistics and  Revenue Accounting of the State Revenue Committee (SRC) Mnatsakan  Sharafyan stated this on February 19 during a press conference.

ArmInfo.The American Chamber of Commerce of Armenia (AmCham) is interested in activating the Armenian-American business relations. Karine Sarkissian,  Executive Director of the American Chamber of Commerce in Armenia,  stated this during a meeting with representatives of the Ministry of  Economy, the State Revenue Committee and the business community of  Armenia.

ArmInfo.The international rating agency Moody's Investors Service confirmed the long-term rating of CJSC "Electric Networks of Armenia" at the BA2 level with a  stable outlook. The rating of the company is unprecedented both for  companies of Armenia and the region.  

ArmInfo.The Armenian delegation headed by the Minister of High-Tech Industry Hakob Arshakyan will take part in the International Defense Conference &  Exhibition, which will be held in the capital of the United Arab  Emirates - Abu Dhabi from February 21 to 25. RA Prime Minister Nikol  Pashinyan signed a decision on February 19 to send an Armenian  delegation to Abu Dhabi, the press service of the RA government said.