ArmInfo.

ArmInfo. Germany is interested  in expanding cooperation with Eastern Partnership states, Mr Jens  Brandenburg, Parliamentary State Secretary to the Federal Minister of  Education and Research of Germany, stated at his meeting with  Armenia's Deputy Minister of Economy Rafael Gevorgyan. German  Ambassador to Armenia Viktor Richter attended the meeting as well. 

ArmInfo. Financing of joint  industrial projects of the EAEU countries is planned to be launched  from the beginning of 2024. Minister of Economy of Armenia Vahan  Kerobyan told TASS on the sidelines of the INNOPROM-2023 exhibition.

ArmInfo. The INNOPROM -2024  industrial exhibition may be held in Armenia. A similar proposal was  made by tDeputy Prime Minister of the Russian Federation - Minister  of Industry and Trade of the Russian Federation Denis Manturov during  a meeting with the heads of the relevant ministries of Armenia,  Belarus, Kazakhstan and Kyrgyzstan as part of the INNOPROM  exhibition, which takes place on July 10 -13 in Yekaterinburg.

ArmInfo. Armenian enterprises -  participants of the INNOPROM- 2023 industrial exhibition-forum held a  number of business meetings, as a result of which preliminary  agreements on further cooperation were reached. This was reported by  the press service of the Ministry of Economy of Armenia.

ArmInfo. The Eurasian Economic  Commission (EEC), together with the relevant ministries of the EAEU  countries, is developing a mechanism for financial assistance to  industrial cooperation. This was announced by Minister for Industry  and Agro-Industrial Complex of the EEC Artak Kamalyan at a meeting of  the Council on Industrial Policy of the EAEU, held within the  framework of the "INNOPROM" international exhibition in  Yekaterinburg.

ArmInfo. A working meeting was  held at the Ministry of Economy of Armenia, chaired by Deputy  Minister Rafael Gevorgyan, during which they discussed the current  process of introducing a comprehensive health insurance system.

ArmInfo.

ArmInfo. This year, Armenia's government plans to finance the renovation of 70km of state roads, with 30km more to be renovated under subvention programmes.

ArmInfo. Representatives of the development financing institutions interested in the financing of the construction project of the "Ayg-1" project, namely the European Bank for Reconstruction and Development (EBRD), German DEG, French PROPARCO, as well as representatives of Abu Dhabi's Masdar, visited Armenia, ANIF reports.

ArmInfo. If this trend continues, then by the end of 2023, we may be able to register an indicator of 2 million tourists. Sisian Boghossian, Chairperson of the Tourism Committee of Armenia, expressed a similar opinion during a press conference on July 10.

ArmInfo. Works on the  construction of the first sanitary landfill in Armenia within the  framework of the "Solid Waste Management Program of Kotayk and  Gegharkunik Regions" are at the final stage, Armenia's Premier Nikol  Pashinyan was told on July 10 during a meeting in the Kotayk regional  administration, specifying that 90% of the construction work has  already been completed.

ArmInfo.

ArmInfo.  According to the  Macroeconomic Outlook by the Eurasian Development Bank (ADB), this  June saw a 0.5% price reduction in Armenia against a 1.3% price rise  this May. 

ArmInfo.

ArmInfo. July 3 to 7, 2023, USD and RUB transactions showed a decline, with no EUR transactions effected for the second week. USD and RUB transactions were effected only on Tuesday and Thursday. Specifically, USD transactions showed a 95.7% decline against a 4.1-fold growth, with RUB transactions showing a 26.7% decline against a 2.4-fold growth. As a result, the total amount of RUB transactions exceeded the total amount of USD transactions 4-fold. The previous week, USD transactions exceeding RUB 4-fold.

ArmInfo. In Armenia, the services sector is showing double-digit growth, but already with a slowdown, due to a subsidence in the volume of services provided in the real estate market and slowing growth in services in other areas of activity. This is evidenced by the data of the RA Statistical Committee, according to which the service sector in Jan-May 2023, slowed y-o-y growth from 24.9% to 19.9%, providing revenue of 1.170 trillion drams ($2.9 billion), while in May revenues grew by 1.1% - up to 251.3 billion drams ($650.2 million).

ArmInfo. Armenia significantly increased the volume of foreign trade with many EU countries - with, Germany, France, Austria, Greece, Denmark, Finland, Poland, Slovakia (2- 3.7-fold), rapidly increasing foreign trade turnover in the direction of the USA, UAE, Japan, Great Britain and Canada (2.2-5.8-fold). This is evidenced by the data of the RA Statistical Committee for January-May 2023.

ArmInfo. Armenian trade sector in Jan-May 2023 accelerated the y- o-y growth rate from 8.9% to 24.5%, providing a volume of 1.8 trillion drams ($4.7 billion).  According to the data of the RA Statistical Committee, in May of this year alone, trade turnover in Armenia grew by 9.6% - up to 428.5 billion drams ($1.1 billion). The improvement in dynamics is due to the acceleration of growth rates in all types of trade.

ArmInfo. In H1 2023, 1 million tourists visited Armenia, which is almost 2-fold higher than a year ago. The Tourism Committee of Armenia reports on its Facebook page.