ArmInfo. In Armenia, the production of aluminum foil in January-September 2020, increased by 13.8%, against of 3.3% growth a year earlier - up to 26 450 tons. 

ArmInfo. Metallurgical industry of Armenia for 9 months of 2020 increased production by 7.5% per annum, against a 12.7% increase in the same period in 2019. In  particular, according to the Statistical Committee of the Republic of  Armenia, in January-September 2020, the production of ferromolybdenum  in Armenia decreased by 7.6% compared to the same period of the  previous year, amounting to 5,202.2 tons (against an increase of  12.9%).

ArmInfo. Electricity generation in Armenia in January- September 2020 amounted to 5,737 million kWh, having increased by 1.5% on y-o-y (against a decline of  2.2% a year earlier), and in September alone decreased by 3.7% up to  632.2 million kWh.

ArmInfo. Armenia is grateful to the European Union for its assistance in the fight against the COVID-19 pandemic. Deputy Minister of Foreign Affairs of the Republic  of Armenia Avet Adonts stated this on November 5 at a joint meeting  of parliamentary committees, at which the draft state budget of the  country for 2021 is discussed.

ArmInfo. For 9 months of 2020, the industrial sector of Armenia showed an increase of 1%, against growth of 9.7% in the same period of 2019. The slowdown in  the annual growth rate of the industry is due to the continuing  negative trend in the manufacturing sector.

ArmInfo.On November 5, 1995, the second power unit of the Armenian NPP was restarted after an idle period of six and a half years. The decision to restart the  Armenian nuclear power plant helped Armenia to cope with the economic  crisis of the 90s, when the country, among other serious problems,  experienced an acute shortage of electricity.

ArmInfo. 50.978 various real estate transactions were carried out in Armenia, in the Q3, which is 8.1% higher than a year ago, while the number of transactions  increased by 77% during the quarter. According to the data of the  State Committee for Real Estate Cadastre, of the total number of  transactions, Yerevan accounts for 31.3% (15,973 transactions), which  decreased by 4.2% in y-o-y terms, with an increase of 75.9% over the  quarter.

ArmInfo. The countries of the Eurasian Economic  Union (EAEU) and Iran are increasing the volume of mutual trade,  despite the pandemic. According to the EEC, for 8 months of this  year, the trade turnover increased by 2% and exceeded USD 2 billion.

ArmInfo. In the regions of Armenia in the third quarter of 2020, 10,922 real estate purchase and sale transactions were concluded, which in y-o-y and quarterly terms  is higher than the indicator of a year ago by 25.8% and 86.4%,  respectively.

ArmInfo.From now on, each employee of IDBank decides how many thousands of drams to donate to “Insurance fund of the servicemen”.

ArmInfo. In Q3 of 2020, 981 real estate transactions were concluded by foreigners in Armenia, which is 41.9% lower in y-o-y terms (compared to the Q3 of 2019), but  twice as many compared to the previous quarter of this year.  According to the State Cadastre of Real Estate, in total, the share  of non-residents made 6.4% of the total volume of transactions fell  to, against 12.8% in the last year for the same period, and 5.9% in  the Q2 of this year.

ArmInfo.

ArmInfo.

ArmInfo.In 2021, the State Commission for the Protection of Economic Competition of  Armenia will conduct at least 100 studies. This was stated on  November 3 during the discussions on the draft state budget of the  country in 2021, the head of the commission Gegham Gevorgyan.

ArmInfo.

ArmInfo.From 2021, Gazprom Armenia will have to conduct an international audit on the implementation of the investment program, as other large companies  do. Chairman of the RA Public Services Regulatory Commission Garegin  Baghramyan stated this at the meeting of the parliamentary  commissions during the discussion of the draft state budget of  Armenia in 2021.

ArmInfo.There is no panic at the Armenian nuclear power plant in connection with Azerbaijan's threats to launch a missile strike at the station. Garegin  Baghramyan, Chairman of the RA Public Services Regulatory Commission,  stated this in an interview with journalists on November 3.

ArmInfo.

ArmInfo.It will be quite difficult to resume tourist flow in the context of the second wave of coronavirus, so investments in tourism will be aimed at improving the  quality and availability of infrastructures.

ArmInfo. For 2021, the Ministry of Economy of Armenia has set 2 goals for itself -  increasing the productivity of enterprises and the competitiveness of  the economy.  The Minister of Economy of the Republic of Armenia  Tigran Khachatryan stated this on November 3 during the discussion of  the draft budget of the RA for 2021.