ArmInfo. The Armenian company "Hakobyan Rustam" will be exempted from VAT payments for imported raw materials for three years. The decision on this was made  on February 6 at a meeting of the RA government.

ArmInfo.As of January 1, 2020, the population of Armenia exceeded 2.959 million people, having decreased by 0.2% or 6.1 thousand in annual terms. This is evidenced  by the data of the Statcommittee of the Republic of Armenia.

ArmInfo.Digitalization, innovation and advanced technology are considered by the government.

ArmInfo.

ArmInfo.The volume of cargo transportation in Armenia in 2019 decreased by 49.6% (against an increase of 3.7% in 2018), amounting to 14 722.2 thousand tons. Of  these, 9 651.6 thousand tons (65.6% of the total) accounted for road  transport, which decreased by 60.6% year on year (against an increase  of 3.5% in 2018). This is evidenced by the data of the Statistical  Committee of RA.

ArmInfo.Revenues of the communications sector of Armenia for 2019 amounted to 147.2 billion drams, slowing y-o-y growth to stagnant 0.5% from 1% in 2018.  According to the RA Statistical Committee, the telecommunications  field, which dominates the communications sector (90%), provided  revenues of 132.5 billion drams, having reduced it by 2.9% per annum,  against the growth of 0.8% a year earlier.  According to statistics,  in December 2019 alone the total revenue of the communications sector  increased by 5.1% to 13 billion drams.

ArmInfo.. Moody's Investors Service, ("Moody's") has assigned a Ba2 corporate family rating (CFR) and a Ba2-PD probability of default rating to the Electric Networks of Armenia (ENA). The outlook on the ratings is stable.  Assigning such a rating  is unprecedented, since it one-notch exceeds the level of the  sovereign rating of Armenia (Ba3).

ArmInfo. In 2019, the metallurgical industry of Armenia slowed down the decline in  production volumes to 4.7% from 7.2% in 2018 (against an increase of  11.3% in 2017). This is evidenced by the data of the Statistical  Committee of RA.

ArmInfo.

ArmInfo.On February 5, a meeting was held in the Armenian government under the chairmanship of  Prime Minister of the Republic of Armenia, Nikol Pashinyan, at which  problems of domestic and inter-regional passenger transportation and  ways to solve them were discussed.

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ArmInfo. The volume of industrial production in Armenia in 2019 compared to 2018 accelerated growth to 9% (against a slowdown in 2018 from 12.6% to 4.3%),  amounting to 2.104 trillion. drams ($ 4.4 billion). The acceleration  of the upward dynamics was provoked by the trend of the mining sector  from recession to growth with continued growth in the manufacturing  industry. In December 2019 alone, industrial production increased by  14.7% (against an increase of 12.5% in December 2018) with a volume  of 247.8 billion drams ($ 518.2 million).

ArmInfo. In Armenia, the growth of economic activity in January- December 2019 accelerated to 7.8% per annum, compared to a slowdown in 2018 to 5.8% from 7.7% in  2017.

ArmInfo.Armenian business will take part in the formation of strategic reserves of the country. Amendments to the Law on Material Reserves and the package of related  laws were discussed on February 5 at a meeting of the Standing  Committee on Defense and Security of the RA National Assembly.

ArmInfo. On February 5, Deputy Minister of Economy of Armenia Naira Margaryan met with the Director of the Armenian Institute of Management Consulting (IMC  Armenia) - member of the International Council of Management  Consulting Institutes (ICMCI) Silva Mesropyan.

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ArmInfo. Since 2021, more than 50% of the state budget deficit in Armenia will be covered by internal sources. On February 4, Minister of Finance Atom  Janjughazyan stated this at a hearing of Standing Committee on  Financial-Credit and Budgetary Affair of the National Assembly of the  Republic of Armenia.

ArmInfo. Yerevan is chosen as the venue for the annual meeting of the European Bank for Reconstruction and Development, which will take place in the spring  of 2021. Deputy Prime Minister Tigran Avinyan wrote about this on his  Facebook page.

ArmInfo.Until mid-March 2020, demand for next-generation cash registers in Armenia will be completely satisfied. On February 4, Chairman of the State Revenue  Committee of the Republic of Armenia David Ananyan stated this during  a hearing in the commission on financial-credit and budgetary issues  of the National Assembly of the Republic of Armenia.

ArmInfo.The performance of the state budget of Armenia should become predictable. On February 4, the Minister of Finance Atom Dzhandzhugazyan stated this at a hearing  on the implementation of the state budget of the country for the  first nine months of 2019 in the commission on financial-credit and  budgetary issues of the National Assembly of the Republic of Armenia.