ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo. Subsidizing programs for the development of the social and economic  infrastructure of the Armenian communities provides for the  application of effective and modern solutions. Deputy Prime Minister  Tigran Avinyan announced this at the first meeting of the interagency  subsidy assessment committee this year.

ArmInfo.

ArmInfo.Armenia will join the Marrakesh agreement on facilitating access for the blind and people with disabilities to print information. At the meeting of  January 16, the RA Government approved the draft of the relevant law,  which will be submitted for ratification to the National Assembly in  the established manner.

ArmInfo. Rating-Agentur Expert RA confirmed the  sovereign government credit rating (SGC) of Armenia at 'BB-'  (Sufficient level of creditworthiness of the government) in national  currency and at 'BB-' (Sufficient level of creditworthiness of the  government) in foreign currency.

ArmInfo.HSBC has announced the appointment of Irina Seylanyan as Chief Executive Officer Designate of HSBC Bank Armenia cjsc, with effect from 2 March 2020. The appointment is subject to regulatory registration. Irina succeeds Paul Edgar, who will take up a new role outside HSBC Armenia.

ArmInfo.

ArmInfo. Nicola International Armenia LLC will invest 1.6 billion drams in the  expansion of production. At the January 16 meeting, the Government of  the Republic of Armenia approved the application of the company to  exempt it from customs payments for imported equipment and raw  materials.

ArmInfo.Revenues of the communication field of Armenia in January-November 2019 amounted to 134.3 billion drams, having increased in y-o-y terms by 0.9% (against  growth by 0.8% a year earlier). According to the RA Statistical  Committee, the telecommunications segment, which dominates the  communications sector (90.2%), provided revenue of 121.1 billion  drams, having reduced it by 2.6% per annum (against the growth by  0.5% a year earlier).

ArmInfo. The volume of cargo transportation in Armenia in January-November 2019 compared to the same period in 2018 decreased by 50.7% - up to 13,272.8 thousand  tons. Of these, 8 707.5 thousand tons (65.6% of the total) accounted  for road transport, which decreased by 61.5% y-o-y. This is evidenced  by the data of the Statistical Committee of RA.

ArmInfo. In January-November 2019, Armenia increased the production of all alcoholic beverages produced in the country, in particular brandy, wine (including  sparkling wine), beer, vodka and whiskey. Whereas a year earlier over  the same period, production growth was registered only in the  production of brandy and beer.

ArmInfo. In January-November 2019, textile production showed the highest growth rates among the segments of the manufacturing industry of Armenia. Thus, according to  the Statistical Committee of the Republic of Armenia, the volume of  textile production has grown 1.7 times year over year for 1.7 fold  (against an increase of 22.4% a year earlier), amounting to 1.2  billion drams.

ArmInfo.

ArmInfo.

ArmInfo.Armenia ranks 69th among 190 countries in the World Bank's "Women, Business and the Law" 2020 report. According to the WB statement on its official page on Facebook, the report looks at the fundamental freedoms of women in  business through data points clustered in 8 indicators: Mobility,  Workplace, Pay, Marriage, Parenthood, Entrepreneurship, Assets, and  Pension. 

ArmInfo. In the 11 months of 2019, the metallurgical industry of Armenia increased production by 21.4% per annum, against a 22.6% decline for the same period of 2018.  This is evidenced by the data of the Statistical Committee of RA.

ArmInfo. The volume of industrial production in Armenia in January-November 2019 accelerated y-o-y growth from 4.1% to 9.3%, exceeding 1.8 trillion drams ($ 3.8  billion). This is due to an improvement in the trend of the mining  sector which turned from the recession to growth and maintaining the  upward dynamics of the manufacturing industry.

ArmInfo. In Armenia, the output of aluminum foil in January- November 2019 amounted to 28 539 tons, exceeding production volumes for the whole of 2018 (28 359  tons).