Tranche payment terms under KfW bank loan will be extended until 2025
 Wednesday, November 18 2020,

ArmInfo.The timing of the tranche payments under the KfW bank loan will be extended until 2025. At a plenary session on November 18, the Armenian parliament ratified  the letter of agreement with the Bank.

Birth rate growth in Armenia lags behind mortality growth rate
 Tuesday, November 17 2020,

ArmInfo. 26 653 children were born in Armenia in January- September 2020. According to the Statistical Committee of the Republic of Armenia, the birth rate in  the country increased by 0.8% in y-o-y terms, and by 0.4% in a  two-year context. The birth rate per 1000 inhabitants at the end of  the reporting period was 12 ppm, against 11.9% in 2019 and a similar  level (12 ppm) two years earlier.

Negative migration balance of Armenia in January-September 2020  decreased by 53.3% per annum
 Tuesday, November 17 2020,

ArmInfo.  In January-September 2020, 39,496 cases of population migration were  registered in Armenia, which is 17% less than a year ago.  According  to the data of the Statistical Committee of the Republic of Armenia,  12,025 people moved to the country from abroad (with an annual  decline of 33.6%), and 14186 people emigrated abroad (with an annual  decline of 37.6%).

Service sector of Armenia reduced volumes by 11.7% in 9 months of  2020
 Tuesday, November 17 2020,

ArmInfo.  In Armenia, the service sector in January-July 2020 reduced volumes by 11.7% per annum - to 1.2 trillion drams ($ 2.6 billion) against 15.5% growth a  year earlier. According to the data of the Statistical Committee of  the Republic of Armenia, in September alone, the volume of services  provided increased by 4.1%, amounting to 151.9 billion drams ($ 312.1  million).

Hearings on draft 2021 state budget of Armenia kicked off in Armenian  Parliament
 Tuesday, November 17 2020,

ArmInfo. In 2021, the projected growth of the Armenian economy will be 4.8%. On November 17, presenting the draft state budget for 2021 in parliament, RA  Minister of Finance Atom Janjughazyan stated this.  According to him,  the growth of the economy will be provided due to the growth of  capital expenditures.  219 billion drams will be allocated for these  purposes.

 Tuesday, November 17 2020,

ArmInfo.

Revenue in communications sector of Armenia decreased by 3.9% in 9  months 
 Tuesday, November 17 2020,

ArmInfo. Revenue in the communications sector of Armenia amounted to 105.1 billion drams by October 1, 2020, decreasing in y-o-y terms by 3.9% against 1.3%  growth in the previous year.

Over 9 months, the volume of cargo transportation in Armenia  increased by 4.9%, amid decrease in passenger traffic by 60.8%
 Tuesday, November 17 2020,

ArmInfo.  The volume of cargo transportation in Armenia in January-September 2020 compared to the same period of the previous year increased by 4.9% - to 10,874.1  thousand tons (against a decline of 52.2%). Of these, 7,055.6  thousand tons (64.8% of the total) fell on road transport, having  increased by 5.2% in y-o-y terms (against a decline of 63.3%). This  is evidenced by the data of the RA Statistical Committee.

 Sunday, November 15 2020,

ArmInfo.

Y-O-Y inflation in consumer market of Armenia in October was 1.3%,  with a 10-month deflation of 1%
 Sunday, November 15 2020,

ArmInfo.A deflation of 1% was recorded in the consumer market of Armenia in January- October 2020, against a deflationary 1.6% in the same period of 2019. 

Ministry of Finance: In 2020, the economy is expected to decline by  7.9%
 Friday, November 13 2020,

ArmInfo. Armenia will end  2020 with a 7.9% economic decline, while growth recovers in 2021 by  3.2%. The Minister of Finance of the Republic of Armenia Atom  Janjughazyan stated this at an extraordinary meeting of the Standing  Committee of the National Assembly of the Republic of Armenia on  Financial-Credit and Budgetary Issues.

Regulator: Branches of Artsakhbank in Yerevan operate smoothly
 Wednesday, November 11 2020,

ArmInfo. In connection with the spread of false information about Artsakhbank on the Facebook social network, the Central Bank of the Republic of Armenia issued  the following statement: "Artsakhbank is a licensed organization  under the supervision of the Central Bank of Armenia and acting  within the framework of the regulations of the Central Bank of  Armenia."

Ministry of Health presents budget for 2021
 Monday, November 9 2020,

ArmInfo. For 2021, the envisaged budget for the programs of the Ministry of Health will  slightly exceed the indicators of 2020.  Minister of Health of  Armenia Arsen Torosyan stated this on November 9 during the  discussion of the draft budget for 2021.

The budget of the Ministry of Territorial Administration and  Infrastructures of Armenia for 2021 will be 210.8 billion drams
 Friday, November 6 2020,

ArmInfo.The budget of the Ministry of Territorial Administration and Infrastructures of Armenia for 2021 will amount to 210.8 billion drams, of which 37.3 billion  will be directed to programs to finance the budget deficit.

Armenia`s economic activity continues to decline
 Friday, November 6 2020,

ArmInfo. In Armenia, economic activity in January- September 2020 continued to decline, amounting to a negative 6.6% (instead of a 6.4% decline in January-  August this year and a 7.1% growth over the same period of 2019). ...  According to the final data of the RA Statistical Committee, in  September 2020. by September 2019 economic activity decreased by  7.5%, but only in September 2020. accelerated growth to 10.6% from  7.4% in August.

RA Minister of Economy predicts economic growth in Armenia in 2020
 Friday, November 6 2020,

ArmInfo.RA Minister of Economy Tigran Khachatryan predicts some growth of the Armenian economy in 2020.

Minister: In 2021, 31.2 billion drams to be allocated to promote  agriculture in Armenia
 Friday, November 6 2020,

ArmInfo.In 2021, 31.2 billion drams will be allocated to promote agriculture in Armenia. The Minister of Economy of the Republic of Armenia Tigran Khachatryan  stated this on November 6 at a hearing in parliamentary commissions  on the draft state budget of the country in 2021.

Ministry of Finance: In 2021, capital construction costs in Armenia  are planned at such a level to ensure economic growth
 Friday, November 6 2020,

ArmInfo. In 2021, capital construction expenditures in Armenia are planned at such a level to ensure economic growth. On November 6, RA Minister of Finance Atom  Janjughazyan spoke about this at a hearing in parliamentary  commissions on the draft state budget for 2021.

Tigran Khachatryan: Next year free trade agreements between a number  of states and EAEU member states will enter into force
 Thursday, November 5 2020,

ArmInfo. Next year we will have a new, more simplified regime for the movement of goods with the member states of the Eurasian Economic Union, including through the Upper Lars checkpoint. Minister of Economy of Armenia Tigran Khachatryan  stated this in the Armenian parliament.

Alcohol industry in Armenia has not recovered from the first blow of  the coronavirus crisis
 Thursday, November 5 2020,

ArmInfo. For 9 months of 2020, the alcohol industry in Armenia did not manage to get out of the negative trend. According to the data of the Statistical  Committee of the Republic of Armenia, during the reporting period, a  downward trend was registered for absolutely all types of alcoholic  beverages produced in Armenia.

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