ArmInfo.

ArmInfo.The y-o-y growth in foreign trade between Armenia and Russia in January-November 2019 slowed to 12.6% from last year's 13.5%, amounting to $ 1.98 billion.   This was triggered by a slowdown in export growth from 19.3% to  10.8%, with accelerating growth of imports - from 10.6% to 13.6%, the  volumes of which amounted to $ 671.5 million and $ 1.3 billion,  respectively. According to the Statistical Committee of the Republic  of Armenia, Russia holds the lead with a large margin.

ArmInfo. For the first time in the financial market of Armenia, Ameriabank introduced a new and modern system of providing consumer loans, which operates on the  basis of machine learning / artificial intelligence algorithms.  According to the press service of the bank, the new system provides  customers with the opportunity to get a consumer loan more  conveniently and quickly.

ArmInfo.

ArmInfo.The unemployment rate in Armenia, calculated by the new method, increased over the Quarter 3 of 2019 from 17.7% to 18%, against 20.1% a year earlier. According  to the RA Statistical Committee, the new calculation method does not  take into account those employed in the household.

ArmInfo.

ArmInfo. The growth of the retail loan portfolio of the banking system of Armenia over the past months has become more supported and supported by a growing mortgage,  which in turn is "spurred on" by a trend of stable increase in  property prices.  

ArmInfo.The Ministry of Economy of the Republic of Armenia expects a 10% increase in exports by the end of 2019.  Minister of Economy of the Republic of Armenia  Tigran Khachatrian announced a similar forecast on January 14.

ArmInfo.The budget of Armenia was summed up in January- November 2019 with a surplus of 40.2 billion drams ($ 84 million), with a y-o-y growth of 2.8-fold, while  a year earlier a deficit was recorded in the same period (with a  2.7-fold y-o-y decline) . According to the RA Statitical Committee,  the budget revenues of Armenia accelerated the y-o-y growth from 6.2%  to 18.7%, while expenditures turned from the 1.7% decline to 10.5%  growth, amounting to 1.398 trillion and 1.358 trillion drams  respectively.

ArmInfo. According to the results of 9 months of 2019, a 14.4% increase in the flow of tourists was registered in Armenia, which was largely ensured by tourist  visits from countries where the average growth of tourists was fixed  at 30-40%. The Minister of Economy of the Republic of Armenia Tigran  Khachatryan announced this at a press conference on January 14.

ArmInfo. In 2020, Armenian agriculture will be able to break through a positive trend and ensure growth after a long decline registered in the previous years.  Answering the question of ArmInfo correspondent, Armenian Minister of  Economy Tigran Khachatryan stated this at a January 14 press  conference.

ArmInfo. The gross external debt of Armenia increased by October 1, 2019 by 7.7% per annum or $ 829.8 million - up to $ 11.7 billion (against an increase of 9.5% a  year earlier). 

ArmInfo.According to the results of 2019, the ratio of gross investments (from the state and the private sector) to the GDP of the RA will be, like for three  consecutive years, about 16%.  Minister of Economy of the Republic of  Armenia Tigran Khachatryan stated this at a press conference on  January 14.

ArmInfo. By December 1, 2019, the public debt of Armenia reached $ 7.2 billion (3.4 trillion drams), slightly slowing y-o-y growth - from 6.3% to 5.8%, due to a  slowdown in external debt growth to 3.7% and a continuing relatively  high growth in domestic debt - 7.1% (versus 5.9% and 7.7% growth,  respectively, a year earlier). This is happening against the backdrop  of accelerating growth in economic activity in January-November 2019  to 7.5% per annum from 5.7% in January-November 2018.

ArmInfo. Armenia will end 2019 with economic growth of at least 7.5%. Minister of Economy of the Republic of Armenia Tigran Khachatryan made a similar statement  on January 14 during at a press conference on the results of 2019.

ArmInfo.In Armenia, the growth of economic activity in January- November 2019 accelerated to 7.5% from 5.7% for 11 months of 2018. The growth drivers were the service sector, industrial sector and trade, against the backdrop of a modest  rise in the construction sector and a decline in the energy sector. 

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ArmInfo.

ArmInfo.  "The issue of deciding whether any airline can start its activity in Armenia or not should be considered by the Civil Aviation Committee within 90 days."  Tatevik Revazyan, head of the Civil Aviation Committee of Armenia  stated, answering to the question by ArmInfo correspondent about at  what stage is the process with the emergence of the local national  air carrier in the country. Revazyan stressed that this is a new  airline. "Representatives of this airline have already submitted an  application, which we, according to the law, must consider within 90  days. And this period begins from the very moment we have all the  necessary documents. However, at the moment we have not complete a  package of documents, and we can't make a decision on this issue.  Therefore, I can't say when we can make an appropriate decision,  "said the head of the State Administration of Civil Aviation.

ArmInfo. The lion's share (77.3%) of current tax audits and studies of the State Revenue  Committee of Armenia (SRC) accounted for checks on the issue of cash  receipts, the number of which at the end of 2019 was 10,094. This was  announced during a January 13 press conference dedicated to the  results of 2019 of the year, chairman of the SRC David Ananyan told  reporters.