ArmInfo.Minister of Economy of Armenia Vahan Kerobyan and Ambassador of Slovakia to Armenia Miroslav Hacek, signed an agreement on economic cooperation between the governments of the Republic of Armenia and the governments of the  Slovak Republic.

ArmInfo. Armenian trade sector in January-February 2022 increased revenue by 8.2% per annum (against an 11.3% decline in the same period in 2021), providing a volume of  489.5 billion drams (over $1 billion). According to the RA  Statistical Committee, in February 2022 alone, the trade turnover in  Armenia increased by 11.9% - up to 258.6 billion drams ($538.6  million).

ArmInfo. Due to a significant increase in transfers from Russia, the net inflow of private transfers to Armenia, sharply increased in January-February 2022 by  53% per annum (from 4.4% growth in the same period in 2021), reaching  $96.6 million.  

ArmInfo. On April 8, Chairman of the State Revenue Committee (SRC) Rustam Badasyan received Ambassador Extraordinary and Plenipotentiary of the Islamic Republic of Iran to Armenia Abbas Badakhshan Zohouri.

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ArmInfo.The modernization project at the Meghri check-point has been put out to international tender.  

ArmInfo. On April 7, the Armenian government adopted a non- discussable resolution aimed at continuing payments to residents of the villages of Shurnukh and Vorotan in the Syunik region, whose houses and land plots became under the control  of Azerbaijan.

ArmInfo.NVIDIA, one of the world leaders in high technology, is opening a research center in Armenia. Vice Speaker of the RA Parliament Hakob Arshakyan announced  this on his Facebook page.

ArmInfo.The share of Russia in the foreign trade turnover of Armenia in January-February 2022 compared to January-February 2021, increased from 31.6% to 33.5%,  while the EU's share decreased from 20.3% to 18.3%. Moreover, Russia  continues to hold the lead not only in terms of the total volume of  foreign trade, but also in terms of exports and imports, having  increased its share in exports from 28.7% to 29.4% and in imports  from 33.4% to 35.7%.

ArmInfo.According to 2020 data, the rate of informal employment in Armenia was 32.2%, including the agriculture sector, and almost 15% without it.

ArmInfo. According to today's calculations, if it is not possible to distribute economic growth among the population, in particular, to increase the incomes of  vulnerable segments of the population, then the poverty rate in  Armenia will increase from 27% to 42%. Minister of Economy of Armenia  Vahan Kerobyan stated this in an interview to the Public Television  of Armenia.

ArmInfo. Over the past 3 years, 39% of Armenian families have received transfers from abroad. This is evidenced by the results of a "Armenian society at the Crossroads:   Orientation, Priorities and Foreign Policy Expectations" sociological  survey by the SOCIES Expert Center.

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ArmInfo.Armenia's government will allocate a total of AMD 3.4bln to the government programme of housing for the families forcibly displaced from some of the regions of the Republic of Artsakh during Azerbaijan's aggression in 2020. 

ArmInfo. Crimean and Armenian travel agencies are discussing the opening of a tourist route along the Great Silk Road, which run through the Crimea and Armenia in the  middle ages, Irina Kiviko, Minister of Finance of the Republic of  Crimea, stated.  

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ArmInfo.The volume of total foreign investment (all types and forms of investment - ed. note) in the real sector of the Armenian economy in 2021 increased by 54%  (against a 39% decline in 2020), reaching $ 2.8 billion. The share of  FDI in total foreign investment in 2021 accounted for 29% (against  26% in 2020) or $798 million, which is 71% higher than in 2020  (against a 21% decline in 2020). This is evidenced by the data of the  RA Statistical Committee.

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ArmInfo.In the consumer market of Armenia in Q1 2022, 3.5% inflation was recorded against last year's 3.8%. Inflation in Q1 2022 was mainly driven by a 5.8% increase in  food prices and a 2.3% increase in service tariffs, while non-food  prices rose by 1.3%.