Armenia has produced 5.4% more electricity in January-October against the same period last year, the National Statistical Service said. 6,313 billion kWh of electricity were produced in the country in the reporting period, up from last year’s 5,991 billion kWh. Meanwhile, 640 solar panels were manufactured in the first ten months of 2017, including 300…
Armenia has produced more brandy in the first nine months of 2017 than any other alcoholic drink. According to the National Statistical Service, brandy production grew by 56.5% YoY in January-September. The production of wine, meanwhile, has increased by 36%, that of beer and champagne by 10% and 11%, respectively. The production of vodka and…
The World Bank has in a fresh report forecast a 3.7% GDP growth for Armenia in 2017, 3.8% in 2018 and 4.0% in 2019. Under these circumstances, the poverty rate would decline further to 11% in 2019. In the current year, inflation is set to stand at 1% Growth and poverty reduction prospects over the…
Armenia has joined the Framework Agreement on Facilitation of Cross-border Paperless (electronic) Trade in Asia and the Pacific. The corresponding document was signed by foreign minister Edward Nalbandian on the sidelines of the 72nd session of UN General Assembly on September 22. E-commerce is the buying and selling of goods and services, or the transmitting…
Prime minister Karen Karapetyan said that more flights would be operated from Shirak airport in the northern Armenian town of Gyumri, which would help develop tourism in the city. In a Q&A session at the parliament, Karapetyan was responding to concerns raised by lawmaker from Tsarukyan bloc Vardan Ghukasyan. Ghukasyan who was once the mayor…
During his two-day official visit to Armenia, Tajik President Emomali Rahmon has got acquainted with its innovative development. Tajik leader visited Technology and Science Dynamics LLC (TSD) in Yerevan. Rahmon reportedly got acquainted with TSD achievements in the field of information and communications technologies. Technology and Science Dynamics is a research and development corporation established…
The Armenian government says “it is realistic” to secure a $200-million growth in exports in 2017, eyeing a further $450 million hike next year. Prime Minister Karen Karapetyan held consultations at the Ministry of economic development and investments. According to preliminary estimates, exports will grow from some $1.8 billion in 2016 to around $2.5 billion…