ArmInfo. In Armenia, economic activity in January-May 2021 increased by 4.3% per annum (against a 3.9% decline a year earlier), which is accompanied by a jump in  exports and a rise in import growth. In May of this year by May 2020,  economic activity increased by 10.9% (against a decline of 12.8% a  year earlier), while only demonstrating an increase of 2% in May 2021  (against 13.3% growth in May 2020).

ArmInfo.ARARATBANK OJSC wraps up the 2020 fiscal year with the profit of 1,3 billion Armenian drams, which is a sufficient result in the conditions of the crisis driven by the COVID-19 pandemic and the war.

ArmInfo.At the moment, Armenia has exported 86 thousand tons of fresh agricultural products, which is 2-fold more than last year. This was announced to reporters during  a briefing by acting Minister of Economy of Armenia Vahan Kerobyan.

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ArmInfo.

ArmInfo.

ArmInfo.ARTEK POWER SYSTEM LLC invests AMD 4 billion 250 million (about $ 8.2 million in the production of high-tech products, in particular, unmanned aerial  vehicles on the territory of RAO MARS CJSC in the Alliance FEZ. The  company's right for a period of 5 years was approved at a government  meeting on June 24.

ArmInfo. On June 24, at a Cabinet meeting, the Armenian government approved the results of the pre-qualification competition dated December 3, 2020 within the  framework of the project for the construction of the  "Ayg-1"  photovoltaic industrial station and made changes to the terms of  financing the project.

ArmInfo.Armenia has extended the embargo on the import of Turkish goods. The corresponding decision was approved at a meeting of the Cabinet of Ministers on June 24.   Presenting the project solution, acting Minister of Economy Vahan  Kerobyan recalled that on October 20, 2020, the Armenian government  approved a decision to introduce a 6-month embargo on the import of  goods of Turkish origin. As explained by the acting Minister, this  was due to the fact that according to the relevant provision of the  treaty "On the Eurasian Economic Union", one country, without  agreement with the rest, cannot prohibit imports from third countries  for a period of more than 6 months.

ArmInfo. As a result of joint working meetings and discussions and the agreements reached between the Union of Banks of Armenia (UBA) and the Compulsory Enforcement  Service (CES), a partnership memorandum of understanding was signed.  ArmInfo was informed about this in the press service of the UBA.

ArmInfo.At its annual meeting of shareholders VTB Bank (PJSC) approved the new composition of the Management Board of its Armenian subsidiary VTB Bank (Armenia) .  ArmInfo was informed about this in the press service of the bank. The  corresponding decision of the sole shareholder N1 /2021 dated April  30, 2021 was published on the official website of VTB Bank (Armenia).

ArmInfo.In order to avoid possible problems with the modernization of cash registers, by the decision of the government, an electronic cash registers system was introduced,  the press service of the State Revenue Committee of the Republic of  Armenia reports.

ArmInfo.

ArmInfo.Acting Minister of High-Tech Industry Hayk Chobanyan received US Ambassador to Armenia Lynne Tracy. This was reported by the press service of the  department.

ArmInfo. The State Revenue Committee (SRC) of Armenia reports that the highest rate of registered jobs was recorded in May 2021.

ArmInfo.After the coronavirus pandemic, economic growth in the countries of the Eurasian Economic Union is recovering. This was stated by the Chairman of the EEC Board Mikhail Myasnikovich during a briefing following a meeting with the  business community of Belarus.

ArmInfo. In Gegharkunik region, a program has been launched to implement investment projects with a total value of 1.16 billion drams until 2025. A similar agreement was  reached within the framework of the signing of a Memorandum of Intent  between the Ministry of Economy of Armenia and the Foundation  of Regional Development and Competitiveness.

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ArmInfo.

ArmInfo.The Ministry of Economy of Armenia intends to provide business with infrastructure assistance in the implementation of investment projects. RA Minister  of Economy Vahan Kerobyan stated this in an interview with the Public  Television of Armenia.