ArmInfo. In Armenia, in H1 2021, the service sector reversed the vector from 6.4% decline to 2.7% growth, as a result of which the volume exceeded 861.7 billion  drams ($ 1.6 billion).

ArmInfo.

ArmInfo. On September 20, Yerevan  will host the 2021 Armenian Business Forum (ABF), the country's main  business convention which brings together hundreds of entrepreneurs  for the purpose of reinvigorating economic growth and creating new  investment opportunities in Armenia, the official website of  Tashir  Group reports.  

ArmInfo.

ArmInfo. The volume of cargo transportation in Armenia in H1 2021 compared to the same period last year increased by 18.4% - up to 7491.1 thousand tons, against an  increase of 3.4% a year earlier.

ArmInfo. In H1 2021, Armenia's textile industry has grown 3- fold compared to the same period in 2020, (against a 32.2% decline in the previous year), amounting to  844.8 million drams. This is evidenced by the data of the RA  Statistical Committee. During the month alone, production volumes  decreased by 1.9% to 155.9 million drams.  The growth in the textile  industry was provoked by a 5-fold increase (against a 1.8-fold growth  a year earlier) fabrics produced by Armenian factories - up to 14.5  tons. A significant  y-o-y growth was recorded in the production of  bedding sets - 5.1 times to 92.6 thousand pieces. (instead of 2.3  times growth over the same period in 2020)

ArmInfo.

ArmInfo.

ArmInfo..In memory of the hero of the 44-day Artsakh war, Chevalier of the Order of the Battle Cross of the 1st degree, the best student of YSU Gevorg Arshakyan, Yerevan State University with the financial support of IDBank announces a competition for the assignment of scholarships after Gevorg Arshakyan.

ArmInfo. The State Revenue Committee (SRC) of Armenia urged citizens and businesses to refrain from trying to smuggle goods of Turkish origin banned for import into  the country.

ArmInfo. In H1 2021, the metallurgical industry of accelerated the rate of y-o-y growth - from 19.4% to 20.3%.

ArmInfo. In H 2021, the production volumes of alcoholic beverages produced in Armenia show an upward trend. According to the data of the Statistical Committee of  the Republic of Armenia, the volume of absolutely all alcoholic  beverages produced in Armenia increased during the reporting period.

ArmInfo.In Armenia, the specific debt burden per capita by July 1, 2021 had already reached $ 3 thousand from $ 2.6 thousand a year earlier. Moreover, the per capita  debt burden from external debt increased from $ 2 thousand to $ 2.3  thousand. At the same time, the population of Armenia has increased  over the year by only 1.6 thousand people - p to 2.965 million people  by July 1, 2021.

ArmInfo. The industrial sector of Armenia in H1 2021 increased production volumes by 2.1% (against 1.5% growth a year earlier), exceeding 1 trillion drams (about $ 2  billion). According to the data of the Statistical Committee of the  Republic of Armenia, in June alone, the industry showed a decline of  0.9% to 195.8 billion drams ($ 381.6 million).

ArmInfo.In Armenia, in H1 2021, 3.822 million kWh electricity were generated, with a y-o-y growth of 0.5% (against 4.4% growth a year earlier). According to the  Statistical Committee of the Republic of Armenia, in June alone,  electricity generation decreased by 8.2% - to 511.7 million kWh.

ArmInfo.Average y-o-y official inflation will increase to 6.8% in 2021 from 1.2% in 2020, but in the next two years this figure will decrease to 4.6% in 2023. Real  inflation will also increase - to 7.4% in 2021 from 1.3% in 2020, in  the next two years it will decline and in 2023 will drop to 4.5%.  These are the new forecasted figures of the Central Bank of Armenia.

ArmInfo.In Armenia, the production of aluminum foil in H1 2021 compared to the same period in 2020, decreased by 2.9% (against 13.7% growth a year earlier),  amounting to 16.937 thousand tons. This is evidenced by the data of  the RA Statistical Committee.

ArmInfo. Armenia's foreign trade turnover with the EAEU countries in the first half of 2021, compared to the same period of 2020, reached 15.3% growth (from a 0.3% decline a year earlier), exceeding $ 1.1 billion, as evidenced by the final  data of the RA Statistical Committee.  

ArmInfo.Armenia's foreign trade turnover with the EU countries in the first half of 2021 reached 21% growth (from a 20.6% decline a year earlier), amounting to $ 713.6  million.

ArmInfo.Converse Bank has revised the terms of loans refinanced by the National Mortgage Company, reducing the lending rate by 0.5% for some groups.