ArmInfo.

ArmInfo. In the first half of 2020,  inflation in the consumer market of Armenia was recorded at 1%,  against 0.1% inflation in the same period of 2019. This was triggered  by a 2.3% rise in prices for foodstuffs and an increase in tariffs  for services by 0.6%, amid drop in prices of non food products  (including alcohol and cigarettes) by 0.9%. In y-o-y terms (compared  with the first half of 2019), the consumer market recorded inflation  of 0.5% (against inflation of 2% a year ago), which was facilitated  by a rise in price of non-food products by 1% and an increase in  tariffs for services by 1.3%, with no changes in prices of food  prices. According to the data of the Statistical Committee of the  Republic of Armenia, the average monthly growth in consumer prices  amounted to 0.2% in the first half of 2019, against the growth by  0.02% a year earlier.

ArmInfo.   In the context of  COVID-2019, the volume of cargo transportation continues to grow in  Armenia amid the decline in passenger traffic. Thus, according to the  Statistical Committee of the Republic of Armenia, cargo  transportation in Armenia in January-May 2020 versus the same period  last year increased by 5.3% - up to 5 117.1 thousand tons, of which  2973.7 thousand tons (58.3% of the total) accounted for by road  transport, with a y-o-y miserable increase of 0.3%.

ArmInfo. Armenian metallurgical  industry is increasing production volumes. According to the data of  the Statistical Committee of the Republic of Armenia, in January-May  2020 the sector ensured growth of volumes by 24.4%, against the 7.4%  decline a year earlier for the same period.  In particular, the  production of copper concentrate increased by 24.1% to 156.8 thousand  tons, against a decline of 9.2% a year earlier. In monthly terms,  copper concentrate production increased by 10.1% to 35.1 thousand  tons.

ArmInfo. The issue of  concentration of LLC and Veon Armenia CJSC was discussed at a  meeting of the State Commission for the Protection of Economic  Competition(SCPEC) of Armenia on July 7.

ArmInfo.

ArmInfo. The state debt of Armenia  in January-May 2020 increased by 1.5% (against growth by 0.03% a year  earlier), amounting to $ 7.433 billion (3.597 trillion drams).   According to the RA Statistical Committee, in January-May 2020,  external debt decreased by 1.2% to $ 5.717 billion (2.767 trillion  drams), and domestic debt grew by 11.6% to $ 1.716 billion (830.5  billion drams), repeating last year's multidirectional dynamics (in  January-May 2019, the decline in external debt by 1.3% was  accompanied by an increase in domestic debt by 5.3%).

ArmInfo.

ArmInfo. On the initiative of the Ministry of  High-Tech Industry of the Republic of Armenia, the Enterprise  Incubator Foundation and the Engineering Association, the 3-rd annual  Armenia-Engineering Week 2020 event is being held online from July 6  to July 10.

ArmInfo.  In Armenia in  January-May 2020 electricity generation amounted to 3,246.1 million  kWh, with a y-o-y growth of 8.3% (against a decline of 7.4% a year  earlier). 

ArmInfo.The y-o-y production of  aluminum foil increased by 10.9% (against the decline by 3.6% a year  earlier) , in Armenia in January-May 2020, amounting to a total of 14  518 tons. This is evidenced by the data of the Statistical Committee  of RA.

ArmInfo. The volume of  industrial production in Armenia in January-May 2020, against the  same period a year ago, slowed down the y-o-y growth rate - from 5.6%  to 2.4%, which was due to the subsidence of manufacturing production  volumes. So, according to the Statistical Committee of the Republic  of Armenia, during the reporting period, the industrial production  volume of Armenia amounted to 735.6 billion drams ($ 1.5 billion). In  May alone, the Armenian industrial sector grew by 11.9% (after the  April decline of 9.2%) to 150.4 billion drams ($ 310.6 million), with  an y- o-y decline of 3.9%.

ArmInfo. The ruling "My Step"  faction in Armenia nominated Hovhannes Khachatryan to the vacant post  of member of the Council of the Central Bank of Armenia.  As the  press service of the National Assembly of the Republic of Armenia  reports, the candidacy of Hovhannes Khachatryan will be considered at  a meeting of the NA Standing Committee on Financial- Credit and  Budgetary Affairs on July 8. The keynote speaker will be Artak  Manukyan, Deputy Chairman of the Commission.

ArmInfo. In Armenia, economic  activity in January-May 2020 decreased by 3.9% per annum amid a  deepening decline in exports and imports. In May this year by May  2019, economic activity decreased by 12.8%, while only in May 2020 it  showed an increase of 13.3% (after the April decline of 13.5%). A  year earlier, during the same periods, economic activity showed  growth: in January-May 2019, by the same period of 2018, by 7.3%, the  same in May 2019 compared to May 2018, and only in May - by 8.4%.

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ArmInfo.The practice of drying fruit in Armenia originated centuries ago. Back in the 5th century BC Greek historian Herodotus mentioned the sun-kissed dried fruit that was transported by Armenian merchants along with wine and other products.

ArmInfo.  On July 9, "Fast Credit  Capital" Universal Credit Organization (UCO) will start issue and  placement of its dram and dollar bonds with issue volumes of 400  million drams and $ 4 million, respectively. This is evidenced by the  July 3 decision on registration of the issue prospectus of these  tranches, posted on July 6 on the CBA website.