ArmInfo. Revenues of the communication sector of Armenia in January 2020 amounted to 11.8 billion drams, slowing y-o-y growth to 0.8% from 1.8% a year earlier.  According to the Statistical Committee of the Republic of Armenia, of  the total revenue, the lion's share was provided by the  telecommunications sector - 89.2% or 10.6 billion drams, with an  annual decline of 1.6% (against the decline of 2.5% a year earlier).

ArmInfo. Cargo transportation in Armenia in January 2020 versus January 2019 increased by 5.6% to 951.7 thousand tons. As noted in the report of the Statistical  Committee of the Republic of Armenia, of the total volume, 51.4% or  489.7 thousand tons accounted for road transport, which decreased by  1.3% in y-o-y terms.

ArmInfo. In Armenia, trade  turnover in January 2020 versus the same period of 2019 slowed down  the annual growth rate from 19.3% to 10.3%, amounting to 207.3  billion drams ($ 432.6 million).

ArmInfo.  In Armenia, the service sector in January 2020 increased volumes by 13.4% per annum to 151.5 billion drams ($ 316.1 million), against the 15.6% growth a  year earlier.

ArmInfo. The metallurgical industry of Armenia in January 2020 compared to January 2019 increased production by 49.3%, compared with a 5% decline a year  earlier. According to the RA Statistical Committee, in January 2020,  ferromolybdenum production increased by 15.6% compared to the same  period in 2019, amounting to 562 tons, compared to an increase of  40.9% a year earlier.

ArmInfo. In Armenia, the production of aluminum foil in January 2020 compared to the same period in 2019 increased by 37.2% - up to 2901 tons, against the  32.9% decline a year earlier. This is evidenced by the data of the  Statistical Committee of the Republic of Armenia.

ArmInfo. The European Bank for Reconstruction and Development will assist Armenia in introducing an electronic procurement system.

ArmInfo. In February 2020, the consumer market of Armenia recorded a deflation of 0.2% with a y-o-y deflation of 0.5%, against inflation of 0.6% in February 2019 and  y-o-y inflation of 1.9%. As the RA Statistical Committee reported to  ArmInfo,  in Yerevan in February 2020  consumer prices decreased by  0.1%, compared to an increase of 0.7% in February 2019.

ArmInfo.

ArmInfo. In Armenia in January 2020 electricity generation  amounted to 726.3 million kWh, with a y-o-y growth of 18.7%, against a decline of 26.3% a year earlier.

ArmInfo. In Armenia in January 2020The volume of industrial production increased by 13.4% compared to the same period in 2019 (against the decline by 0.6% a year  earlier), amounting to 144.15 billion drams ($ 300.8 million).  According to the RA Statistical Committee, the growth of the  industrial sector is due to the reversal of the trend of the mining  sector from downward to upward and accelerating the growth of the  manufacturing industry.

ArmInfo. Beeline announces the launch of the spring promotion for the sale of Xiaomi Redmi 8 smartphones, in the framework of which until April 30 this year by  purchasing this smartphone, the client will receive cashback via the  <Smart 1500> package in the amount of 10 thousand drams per account.  As noted in the official message of the company, a smartphone can  also be purchased in installments.

ArmInfo.Producers of alcoholic fruit products will receive some tax breaks. The decision was made at a government meeting on March 5.

ArmInfo.In Armenia, economic activity in January 2020 compared to January 2019 increased by 8.9%, and only in January this year. decreased by 47.8%, against last  year's annual growth of 6.1% and the January decline of 46.9%.  According to the final data of the RA Statcommittee, all spheres  provoked annual growth, but to a greater extent the energy complex  and the industrial sector.

ArmInfo. The European Bank for Reconstruction and Development (EBRD) withdrew from the capital of INECOBANK by selling its share (23,002 shares or 12.6%) to the  majority shareholders Avetis Baloyan and Karen Safaryan. This is  evidenced by the information posted on the website of the Central  Bank of the Republic of Armenia on actual changes in the share  capital of INECOBANK.

ArmInfo.  Until the end of March 5, the issue of the transportation of Iranian goods by Armenian wagons through the territory of Georgia will be resolved. The  Minister of Economy of the Republic of Armenia Tigran Khachatryan  announced this at a government meeting on March 5.

ArmInfo. In 2019, 5,825 kg of gold (including galvanic deposition) was exported from Armenia, which in quantitative terms is 16.3% higher than the y-o-y indicator.  According to the report of the RA Customs Service, the customs value  of exported gold in 2019 increased by 27.4% per annum to $ 223.7  million.

ArmInfo.

ArmInfo.Moody's Investors Service international rating company is interested in evaluations of mining enterprises in Armenia. This was announced during a meeting of  Moody's representatives with RA Deputy Minister of Territorial  Administration and Infrastructure Lilia Shushanyan.

ArmInfo. In terms of risks in 2020, the most risky sectors in terms of compliance with the legislation in Armenia are the sales of gasoline and diesel fuel,  liquefied petroleum gas, CNG filling stations, the production of toys  and other goods intended for children and adolescents.