ArmInfo. Revenue in the communications sector of Armenia amounted to 105.1 billion drams by October 1, 2020, decreasing in y-o-y terms by 3.9% against 1.3%  growth in the previous year.

ArmInfo.  The volume of cargo transportation in Armenia in January-September 2020 compared to the same period of the previous year increased by 4.9% - to 10,874.1  thousand tons (against a decline of 52.2%). Of these, 7,055.6  thousand tons (64.8% of the total) fell on road transport, having  increased by 5.2% in y-o-y terms (against a decline of 63.3%). This  is evidenced by the data of the RA Statistical Committee.

ArmInfo.

ArmInfo.A deflation of 1% was recorded in the consumer market of Armenia in January- October 2020, against a deflationary 1.6% in the same period of 2019. 

ArmInfo. Armenia will end  2020 with a 7.9% economic decline, while growth recovers in 2021 by  3.2%. The Minister of Finance of the Republic of Armenia Atom  Janjughazyan stated this at an extraordinary meeting of the Standing  Committee of the National Assembly of the Republic of Armenia on  Financial-Credit and Budgetary Issues.

ArmInfo. In connection with the spread of false information about Artsakhbank on the Facebook social network, the Central Bank of the Republic of Armenia issued  the following statement: "Artsakhbank is a licensed organization  under the supervision of the Central Bank of Armenia and acting  within the framework of the regulations of the Central Bank of  Armenia."

ArmInfo. For 2021, the envisaged budget for the programs of the Ministry of Health will  slightly exceed the indicators of 2020.  Minister of Health of  Armenia Arsen Torosyan stated this on November 9 during the  discussion of the draft budget for 2021.

ArmInfo.The budget of the Ministry of Territorial Administration and Infrastructures of Armenia for 2021 will amount to 210.8 billion drams, of which 37.3 billion  will be directed to programs to finance the budget deficit.

ArmInfo. In Armenia, economic activity in January- September 2020 continued to decline, amounting to a negative 6.6% (instead of a 6.4% decline in January-  August this year and a 7.1% growth over the same period of 2019). ...  According to the final data of the RA Statistical Committee, in  September 2020. by September 2019 economic activity decreased by  7.5%, but only in September 2020. accelerated growth to 10.6% from  7.4% in August.

ArmInfo.RA Minister of Economy Tigran Khachatryan predicts some growth of the Armenian economy in 2020.

ArmInfo.In 2021, 31.2 billion drams will be allocated to promote agriculture in Armenia. The Minister of Economy of the Republic of Armenia Tigran Khachatryan  stated this on November 6 at a hearing in parliamentary commissions  on the draft state budget of the country in 2021.

ArmInfo. In 2021, capital construction expenditures in Armenia are planned at such a level to ensure economic growth. On November 6, RA Minister of Finance Atom  Janjughazyan spoke about this at a hearing in parliamentary  commissions on the draft state budget for 2021.

ArmInfo. Next year we will have a new, more simplified regime for the movement of goods with the member states of the Eurasian Economic Union, including through the Upper Lars checkpoint. Minister of Economy of Armenia Tigran Khachatryan  stated this in the Armenian parliament.

ArmInfo. For 9 months of 2020, the alcohol industry in Armenia did not manage to get out of the negative trend. According to the data of the Statistical  Committee of the Republic of Armenia, during the reporting period, a  downward trend was registered for absolutely all types of alcoholic  beverages produced in Armenia.

ArmInfo. In Armenia, the production of aluminum foil in January-September 2020, increased by 13.8%, against of 3.3% growth a year earlier - up to 26 450 tons. 

ArmInfo. Metallurgical industry of Armenia for 9 months of 2020 increased production by 7.5% per annum, against a 12.7% increase in the same period in 2019. In  particular, according to the Statistical Committee of the Republic of  Armenia, in January-September 2020, the production of ferromolybdenum  in Armenia decreased by 7.6% compared to the same period of the  previous year, amounting to 5,202.2 tons (against an increase of  12.9%).

ArmInfo. Electricity generation in Armenia in January- September 2020 amounted to 5,737 million kWh, having increased by 1.5% on y-o-y (against a decline of  2.2% a year earlier), and in September alone decreased by 3.7% up to  632.2 million kWh.

ArmInfo. Armenia is grateful to the European Union for its assistance in the fight against the COVID-19 pandemic. Deputy Minister of Foreign Affairs of the Republic  of Armenia Avet Adonts stated this on November 5 at a joint meeting  of parliamentary committees, at which the draft state budget of the  country for 2021 is discussed.

ArmInfo. For 9 months of 2020, the industrial sector of Armenia showed an increase of 1%, against growth of 9.7% in the same period of 2019. The slowdown in  the annual growth rate of the industry is due to the continuing  negative trend in the manufacturing sector.

ArmInfo.On November 5, 1995, the second power unit of the Armenian NPP was restarted after an idle period of six and a half years. The decision to restart the  Armenian nuclear power plant helped Armenia to cope with the economic  crisis of the 90s, when the country, among other serious problems,  experienced an acute shortage of electricity.