ArmInfo.The July beneficiary of the "The Power of One Dram" initiative was the “QaylTech” company, which created an exclusive Armenian innovative product - the MetaGait device. MetaGait helps disabled soldiers and children with cerebral palsy regain mobility by preventing more than 30 diseases caused by immobility.

ArmInfo.The service sector sharply accelerated growth in Armenia, in H1 2022, from 2.7% to 26.9%, as a result of which its volume exceeded 1.1 trillion drams  ($2.4 billion).  This is evidenced by the data of the RA Statistical  Committee, according to which in June alone, the volume of services  provided increased by 8% (against 3.9% a year earlier), amounting to  226.7 billion drams ($536.4 million).

ArmInfo. In the first half of 2022, This January, the cargo traffic totaled 8,332.6 thousand tons - an 11.2% increase against an 18.4% increase last year. During the  period under review, passenger traffic showed a 40.4% increase  against a 17.7% increase (71,030.5 thousand passengers). 

ArmInfo.The trade sector of Armenia in H1 2022 accelerated y-o-y growth from 8% to 10.7%, with a volume of 1.8 trillion drams ($3.8 billion). According to the RA  Statistical Committee, in June alone, the trade sector provided  revenue of 378.7 billion drams ($896 million), with a monthly  increase of 12.8% (against 7.2% growth in June 2021).  

ArmInfo.  In the first half of 2022, the proceeds of Armenia`s communication service system totaled AMD 73.965bln or $158mln  - a year-on-year increase of 4.5%.

ArmInfo. A total of 188,856 tourists visited Armenia this July. 

ArmInfo. Production volumes in the industrial sector of Armenia in H1 2022 accelerated growth to 5.8% (from 2.1% a year earlier), reaching 1.2 trillion drams ($2.5  billion).  This is evidenced by the data of the RA Statistical  Committee, according to which the industry showed an increase of  17.1% with ay-o-y growth of 19 % in June alone  (June 2022 to June  2021).

ArmInfo.The single operator of the Armenian water supply system, Veolia Djur, intends to apply to the Public Services Regulatory Commission (PSRC) to increase the  water tariff by about 9 drams per 1 cubic meter.  

ArmInfo.The State Revenue Committee (SRC) of Armenia announces that it is starting active administration in pursuance of the requirements of the law "On  Non-Cash Transactions".  

ArmInfo.Chaired by Prime Minister Nikol Pashinyan, the work of the session of the Economic Policy Council under the Prime Minister of the Republic of Armenia was held  August 6 and 7, at the Dilijan educational and research center of the  Central Bank of Armenia.

ArmInfo.The Eurasian Development Bank (EDB), in cooperation with the Armenian government and Yeremyan Farm CJSC, are launching the largest livestock program  in Armenia. EDB Chairman of the Management Board Nikolay Podguzov,  Armenian Minister of Economy Vahan Kerobyan and Director of Yeremyan  Pharm CJSC David Yeremyan signed the corresponding Memorandum of  Cooperation on August 5.

ArmInfo. The growth of economic activity in Armenia accelerated in H1 2022 to 11.8% per annum (from 5% in the first half of 2021), exceeding even the pre-Covid 6.5%  growth in H1 2019, which was accompanied by a surge in imports and  exports.

ArmInfo.On September 20, Yerevan will host the leading annual Armenian Business Forum (ABF) 2022, which will be held for the second year in a row with the support of the Tashir Group of Companies. The organizer of the forum, which will bring together  entrepreneurs from various sectors of medium and large businesses in  Armenia and a number of other countries, is the Association of  Armenian Entrepreneurs (AEP). This is stated in the message of the  Group of Companies.

ArmInfo. 16,009.1 thousand tons of aluminum foil were produced in Armenia in H1 2022, which is 5.5% lower than the indicator of a year ago (against a 2.9% decline a  year earlier).

ArmInfo.The metallurgy industry of Armenia reduced its volumes in H1 2022 by 7% while a year earlier in the same period a 20.3% growth was recorded.

ArmInfo. During the meeting with the Deputy Prime Minister of Armenia, Mher Grigoryan, the Chairman of the Management Board of the Eurasian Development Bank  (EDB), Nikolai Podguzov, presented the implementation of the Bank's  2022-2026 Country Strategy in the republic. The parties also  discussed current and possible projects. This was reported by the  Bank's press service.

ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo. The Eurasian Development Bank (EADB) will allocate up to $37mln for the  construction of 11 solar power stations with a total capacity of 65  MW in the Gegharkunik and Aragatsotn provinces of Armenia.