ArmInfo. On January 30, on the sidelines of the Expo 2020 Dubai National Day of Armenia, the Investment Support Center, RA Ministry of Economy, and the UAE  Federation of the Chambers of Commerce and Industry (FCCI) signed a  memorandum of intent. 

ArmInfo. Armenia's economic activity increased in January- December 2021 by 5.8% per annum, against a 7.5% decline in 2020 and a 7.8% growth in 2019. The growth  movement was restored by the service sector, the trade sector, the  construction sector and the industrial sector, while the energy  complex and the agricultural sector went into decline. This is  evidenced by the preliminary data of the RA Statistical Committee.

ArmInfo.

ArmInfo.The "National Day of Armenia" started at the "Expo 2020 Dubai. This is stated in the official statement of the Ministry of Economy of Armenia.  

ArmInfo. Out of 500 newly established companies in Armenia only one manages to grow further, while in Europe one out of 40-42 new enterprises becomes large.   Armenian Minister of Economy Vahan Kerobyan stated this in his next  interview.

ArmInfo.Minister Agriculture, Rural Development and Food of Greece Spilios Livanos  at a meeting with newly appointed RA Ambassador Tigran Mkrtchyan  expressed hope that during the period of the Ambassador's activity in  their country, bilateral Armenian-Greek relations in the field of  agriculture will become more active and effective.

ArmInfo. Last year, Armenia's gross international reserves (GIR) totaled $3.215bln - up by $599.4mln or 23% (against an 8.2% decline in 2020 and a 26.1% growth  in 2019).

ArmInfo.The Ministry of Territorial Administration and Infrastructures explained the grounds for exempting passengers of the Yerevan-Istanbul flight from the "air  tax".

ArmInfo.

ArmInfo.On January 27, the Armenian government made changes to a number of programs implemented in the field of agriculture.

ArmInfo.The gross turnover of the restaurant business in Armenia fell by 20%. Armenian Minister of Economy Vahan Kerobyan told journalists about this during a  briefing after the government meeting, commenting on the impact of  COVID restrictions in the catering sector.

ArmInfo.

ArmInfo.The Eurasian Fund for Stabilization and Development (EFSD) will provide a $1.719mln grant to Armenia for enhancing energy efficiency in public buildings. 

ArmInfo. Fly Arna, Armenia's national airline and a joint venture company between the Armenian National Interests Fund (ANIF) and Air Arabia Group, has announced  the appointment of Mr. Antony Price as Chief Executive Officer.

ArmInfo.

ArmInfo. The Board of the Eurasian Economic Commission (EEC) adopted a recommendation aimed at developing cooperation between the states of the Eurasian Economic Union in the copper industry.

ArmInfo. The banking system of Armenia for 2021 increased tax deductions to the state treasury by 6.3% - up to 52.2 billion drams ($108.8 million). Of this amount,  87.2% or 44.7 billion drams was paid in direct taxes, with a y-o-y  growth of 4.4%.

ArmInfo. Armenian banks managed to improve the dynamics of net profit in 2021 with a 54% growth (from a 22.3% decline in 2020). In absolute terms, the total profit of the  system amounted to 87.3 billion drams or $181.8 million.

ArmInfo.

ArmInfo. Last year, Armenia's insurance sector paid taxes totaling AMD 2.6bln - up by a 36.8% as compared with 2020. Direct taxes totaled AMD 2.2bln or 87.7% of the  total amount.