ArmInfo. In the consumer market of Armenia in 2020, inflation was higher - 3.7%, than in 2019 - 0.7%. 

ArmInfo.By the end of the year, inflation in Armenia will not exceed 2-2.5%. On January 14, RA Minister of Economy Vahan Keropyan stated this in an interview with  journalists after the government session.

ArmInfo.There is an increase in prices for basic necessities in Armenia. Chairman of the "Consumers' Consulting Center" NGO Karen Chilingaryan on January 14,  at a meeting with journalists, stated.

ArmInfo."My optimism regarding the economy has not changed. My goal is double-digit economic growth," Minister of Economy of Armenia Vahan Keropyan told  reporters on January 14.

ArmInfo.In Armenia, economic activity in January-November 2020 deepened the decline to 7.2% per annum, against the backdrop of an accelerating decline in imports and a slowdown in exports. In November 2020 versus November 2019,  economic activity decreased by 10.3%, with an almost similar 10.2%  decline in November 2020 alone, after an October decline of 4.9%.

ArmInfo.The industrial sector of Armenia reduced production volumes in January-November 2020 by 0.2% (against an increase of 9.3% a year earlier), amounting to  1.8 trillion drams ($ 3.7 billion). According to the data of the  Statistical Committee of the Republic of Armenia, such dynamics is  due to the worsening trend in the manufacturing- from growth to  decline, and a slowdown in the y-o-y growth rates of the mining  sector.

ArmInfo.  In Armenia, it is  planned to remove obstacles that are not conducive to public-private  partnership.

ArmInfo.

ArmInfo. 35 thousand micro-entrepreneurship entities are registered annually in Armenia, which is a rather large number. Arman Poghosyan, Deputy Minister of  Finance of the Republic of Armenia, stated this at a meeting of the Parliamentary Standing Committee on Economic Affairs on January 13.

ArmInfo.

ArmInfo.The state should increase expenditure on marketing and advertising in the tourism sector. Chairman of the Armenian Tourism Federation Mekhak Apresyan  expressed a similar opinion during a press conference.

ArmInfo.The Tourism Federation of Armenia expects a decrease in the tourist flow by the end of 2020 by 80%.  Chairman of the Tourism Federation Mekhak  Apresyan announced this at a press conference on January 13. In this  vein, he noted that the approximate number of tourists who visited  Armenia in the previous year will be about 350 thousand tourists,  against 1.5 million in 2019. 

ArmInfo. In Armenia, the owners of self-built buildings will have the opportunity to legalize illegal buildings at cadastral value. The amendments to the law "On  Determining the Procedure for Cadastral Valuation of Real Estate  Close to Market Value" and in the Land Code received a positive  conclusion from the Commission on Economic Affairs of the RA National  Assembly, which met on January 13.

ArmInfo.Property and personal relations related to the creation, protection and use of  inventions will be settled in Armenia.

ArmInfo.The Central Bank of Armenia will intervene in the foreign exchange market to ensure the normal functioning of the financial sector. This is stated in the  message of the Central Bank of Armenia, spread on January 13.

ArmInfo.

ArmInfo.The Eurasian Development Bank (EDB)  will provide funds to the Armenia Securities Exchange OJSC for  software and technological modernization on a non-refundable basis.   According to the signed agreement, the EDB plans to finance the main  part of the costs associated with the introduction of a new exchange  trading system and technical re-equipment of AMX.

ArmInfo. Armenia managed to  close 2020 with a high level of tax discipline. On January 12, RA  Deputy Minister of Finance Arman Poghosyan stated this to  journalists.  According to him, this is largely due to the growth of  self-awareness on the part of business entities and the strengthening  of tax administration. As the Deputy Minister stressed, the budget  process is proceeding normally.

ArmInfo.

ArmInfo.