Brandy production in Armenia grew by 39.4% YoY in 2017, the National Statistical Service reveals. 30 million tons of brandy were produced in the reporting period against the 21.5 million tons made in 2016. Volumes of wine, champagne and beer production grew in 2017 by 30%, 10% and 21% respectively. Vodka production, meanwhile, declined by…
The role of Armenia as an energy corridor between Iran and Georgia will grow, tripling the potential of exporting electricity, minister of energy infrastructures and natural resources Ashot Manukyan said. According to the minister, three solar stations have been put to operation in Armenia in 2017, and a total of 128 solar photovoltaic stations have…
The Italian company Tirrena Scavi will invest about $33 million in the construction of a road, which is part of a new bypass around the Armenian capital city of Yerevan. According to a statement from the government, a contract with the firm is set to be signed by the end of the year, while construction…
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…