ArmInfo.. In 2020, Armenia reduced wine exports by 5.9% to 2.6 million liters, against an  increase of 11.4% in 2019. According to the data of the RA Customs  Service, the value of exported wine decreased by 27.3%,  respectively.% - up to $8.6 million .

ArmInfo. The Tax and Customs Committee proposes to improve the mechanisms for reimbursement of value added tax (VAT) by shortening the return period. "The next  step, in certain situations, we will refuse to pay VAT at the  border," Chairman of the State Revenue Committee (SRC) of Armenia  Edward Hovhannisyan said on April 28 during a meeting of the  parliamentary commission on economic Issues.

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ArmInfo. The Armenian government and the International Finance Corporation (IFC) discussed the prospects for developing cooperation in the field of high  technologies, energy and digitalization.

ArmInfo. Russia sees prospects in expanding cooperation with Armenia in the framework of the design and development of space technologies. A similar proposal was made by  Dmitry Rogozin, Director General of the Roscosmos State Corporation,  during a meeting with the Secretary of the Security Council of the  Republic of Armenia, Armen Grigoryan.  

ArmInfo.In the long term, aggregate demand indicators in Armenia will remain weak, and in these conditions, inflationary pressures cannot be accelerated, so by the  end of the year we will return to the permissible inflation range of  4% (+/- 1.5%).

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ArmInfo.By the end of 2021, the debt of the Armenian government will approach 70% of GDP. Meanwhile, the tax and budget rules established by the law "On the Budget System  of the Republic of Armenia" oblige the government to submit to the  parliament a project to return to the legal framework in case of  exceeding the 60% threshold for government debt.

ArmInfo. Yes, it is possible to contain inflation, it can be corrected in a very short time -  within one month, the second President of Armenia Robert Kocharyan is  convinced.

ArmInfo.HSBC Bank Armenia CJSC (hereinafter HSBC Armenia) has been named as “Market Leader” for trade finance by Euromoney’s 2021 Trade Finance Survey.

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ArmInfo.Converse Bank announces the launch of an online platform for lending to small and medium-sized enterprises (SMEs): https://sme.conversebank.am/

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ArmInfo.The growth of exports against the background of the accelerating decline in imports reduced the negative balance of Armenia's foreign trade turnover in the first  quarter of 2021 by 16.8% per annum, against a decline of 13.4% a year  earlier.

ArmInfo. Armenia’s current economic reform program has been supported by the IMF since May 2019. The program has helped Armenia preserve macroeconomic stability and maintain access to international financial markets, and was adjusted to help Armenia respond to the major challenges that it faced in 2020. ArmInfo correspondent spoke with Nathan Porter, the IMF’s mission chief for Armenia, about the program and how Armenia has fared during these difficult times.

ArmInfo. In Armenia, economic activity in the first quarter of 2021 decreased by 2% compared to the same period in 2020 (compared to 4% growth in the first quarter of  2020). According to the preliminary data of the RA State Committee,  only the construction sector and the energy complex were in the  growth, while the industrial sector,the agricultural sector, trade,  and the service sector are still in the red.

ArmInfo.Ardshinbank continues to expand the list of modernized branches providing a full package of modern banking services. On April 23, the bank reopened its Etchmiadzin branch. The opening ceremony was attended by city leaders, clients, as well as bank managers.

ArmInfo. Nuclear power can make a significant contribution to reducing greenhouse gas emissions and improving energy security, while at the same time supplying the  growing amounts of energy needed for a country's development. This is  stated in the message of the British Embassy in Armenia.

ArmInfo.  Maintaining the current high level of prices on the world copper market during 2021 will have a positive impact on Armenia's economic  growth. This was announced by former Armenian Finance Minister Vardan Aramyann on his Facebook page.