ArmInfo.Foreign alcohol producers may face difficulties due to the new Russian law on winemaking. It obliges, in particular, to indicate on the label the  place of origin and the vintage of the grapes. The supply of some  foreign wines and brandies may be under threat.

ArmInfo.In January-July 2020, Armenia generated 4,448.4 million kWh. electricity, which is 3.4% higher than a year ago (against a decline of 5% a year earlier).  According to the data of the Statistical Committee of the Republic of  Armenia, in July alone, electricity generation increased by 16.2% -  to 646.3 million kWh.

ArmInfo. The volume of industrial production in Armenia in January-July 2020 against the same period of 2019 increased by 1.3% (against 8.4% growth a year  earlier), amounting to 1.1 trillion. drams ($ 2.2 billion). According  to the data of the Statistical Committee of the Republic of Armenia,  the slowdown in growth is due to the subsidence of the manufacturing  industry volumes while the dynamics of the mining industry improves.

ArmInfo.In Armenia, the production of aluminum foil in January-July 2020 compared to the same period in 2019 showed high growth rates - by 13.1% to 20,505 tons, against 3.5% decline a year earlier. This is evidenced by the data of  the RA Statistical Committee.  According to statistics, in July  alone, the production of aluminum foil increased by 4.7%, amounting  to 3,062 tons.

ArmInfo. Armenia's foreign debt to Russia decreased in the first half of 2020 by 5.3% - to $ 378 million, but the debt increased by 20% on an annualized basis.  In the first half of the year, the external debt to Germany (KfW) was  also reduced by 2% to $ 373 million, to Japan (JICA) - by 0.5% to $  224.3 million, to the United States - by 7% to $ 15.5 million, and  the debt to France, on the contrary, it grew by 8.5% - up to $ 137.9  million. This is evidenced by the data of the RA Statistical Committee.

ArmInfo. Within the framework of the program for the modernization of irrigation systems in Armenia, the works on construction of gravity irrigation systems  in Tsitsernakaberd and Artashat have been completed. The press  service of the RA Ministry of Territorial Administration and  Infrastructures reported.

ArmInfo. In the first half of 2020, sugar was imported to Armenia mainly from Russia, while Brazil was traditionally the supplier of sugar to the Armenian  market.  Thus, according to the RA Customs Service, a total of 21.3  thousand tons of sugar were supplied to Armenia during the reporting  period with a y-o-y decline of 35% (against a 10.9% decline a year  earlier).  At the same time, the customs value decreased by 41.1%,  amounting to about $ 7 million.

ArmInfo. In Armenia, economic activity in January-July 2020 decreased by 5.7%, and the only sectors that kept growing were the industrial sector and the energy complex. 

ArmInfo.Beeline has announced completion of another stage of the modernization of 4G mobile network. According to the press service of the company, in order to increase internet connection speed, Beeline modernized the entire 4G network in Yerevan at the city's 29 stations. Previously,  the network had technical capacity of 187MB/s, and now the network  complies with the Gigabit LTE standard and has capacity of 489MB/s.

ArmInfo.

ArmInfo.

ArmInfo.

ArmInfo.Everything has started from one dram: IDBank and Idram have summed up the first phase of the initiative “The power of 1 dram”.

ArmInfo. In the first half of 2020, 2,722.4 kg of gold were exported from Armenia (including electroplating), which is 11.8% less than a year ago, against an  increase of 32.8% in the same period in 2019. At the same time, the  customs value of exported gold increased in the first half of 2020 by  6.9% - to $ 123.9 million, as evidenced by the data of the RA Customs  Service.

ArmInfo.

ArmInfo. On September 4, a  corporate Eurobond trade was executed on AMX's corporate bonds  platform for the first time in the history of Armenian exchange  market (the value of trade - US 600,000). As the AMX press service  told ArmInfo, Ardshinbank CJSC's Eurobonds (XS2080321198), issued in  foreign capital market by "Dilijan Finance B.V.", are listed on  Armenia Securities Exchange.  USD 300 mln Eurobonds were issued with  a 5-year maturity period and 6.5% annual coupon rate, with the  minimum lot size of USD 200000.  

ArmInfo.

ArmInfo.

ArmInfo. An installation for the reduction annealing (heat treatment) of the reactor vessel metal was delivered to the Armenian NPP. The plant will be prepared  for the final part of the work on extending the service life, which  will take place in 2021 - the reactor will be annealed, which will  return it to its original state by 80-85%.

ArmInfo. Artsakh President Araik Harutyunyan, at a meeting with the General Director  of Karabakh Telecom CJSC Karekin Odabashyan, inquired about the  progress of new investment programs, which are important from the  point of view of the development of communications and technologies.