Budgetary allocations in the military industry will grow by 122% in 2020, Hakob Arshakyan, Minister of High-tech Industry, declared. “Out of the AMD 12.5 billion ($26.3 million) to be allocated to the Ministry of High-tech Industry, AMD 6.3 billion ($13.3 million) will be spent on military industry,” Arshakyan said. Some of the expenses, the minister…
Unemployment rate dropped in Armenia by 2.6% in the second quarter of 2019, compared to the same period of 2018, amounting to 17.7%, the Statistical Committee reported. The number of unemployed people comprised 207.2 thousand in the second quarter of 2019, against the 236.4 thousand people in the second quarter of 2018. The unemployment rate…
Prime Minister Nikol Pashinyan revealed in a Facebook post that export of chocolate from Armenia grew by 30.3% in the first six months of 2019. It was reported earlier that alcohol production saw double-digit growth in January-June. The production of brandy expanded by 44%, while that of vodka, wine and beer grew by 37%, 43%…
Armenia’s economic activity index grew by 6.5% YoY in January-June, according to official data published by the National Statistical Committee. In particular, the service sector grew by 15.3%, trade turnover by 8.9% and the industrial output by 6.9%. In January-June construction volumes increased by 4.7%. Consumer price index grew by 2% and the agricultural output…
Ameriabank has received Euromoney Award for Excellence 2019 as the Best Bank in Armenia. The award is a recognition of Ameriabank’s leadership in the market, sustainable growth and push for digital transformation. This reputable title has been awarded to Ameriabank for the seventh time. Euromoney Annual Awards for Excellence have been evaluating and acknowledging the…
According to the National Statistical Service of Armenia, Armenia recorded a 11.7% growth of exports of goods in May 2019 against May 2018. Some types of the goods recorded double-digit rise of export in May 2019 against May 2018, as well as in the January-May of this year against the same period of 2018. Some…
Minister of economy Tigran Khachatryan has met with Ambassador of Mexico to Armenia Norma Bertha Pensado Moreno. The minister welcomed the Ambassador and stated that this meeting was a good opportunity to discuss the future cooperation framework. “We are interested in deepening cooperation with Armenia in the economic sector because there is a great potential,…