ArmInfo.

ArmInfo. Nicola International Armenia LLC will invest 1.6 billion drams in the  expansion of production. At the January 16 meeting, the Government of  the Republic of Armenia approved the application of the company to  exempt it from customs payments for imported equipment and raw  materials.

ArmInfo.Revenues of the communication field of Armenia in January-November 2019 amounted to 134.3 billion drams, having increased in y-o-y terms by 0.9% (against  growth by 0.8% a year earlier). According to the RA Statistical  Committee, the telecommunications segment, which dominates the  communications sector (90.2%), provided revenue of 121.1 billion  drams, having reduced it by 2.6% per annum (against the growth by  0.5% a year earlier).

ArmInfo. The volume of cargo transportation in Armenia in January-November 2019 compared to the same period in 2018 decreased by 50.7% - up to 13,272.8 thousand  tons. Of these, 8 707.5 thousand tons (65.6% of the total) accounted  for road transport, which decreased by 61.5% y-o-y. This is evidenced  by the data of the Statistical Committee of RA.

ArmInfo. In January-November 2019, Armenia increased the production of all alcoholic beverages produced in the country, in particular brandy, wine (including  sparkling wine), beer, vodka and whiskey. Whereas a year earlier over  the same period, production growth was registered only in the  production of brandy and beer.

ArmInfo. In January-November 2019, textile production showed the highest growth rates among the segments of the manufacturing industry of Armenia. Thus, according to  the Statistical Committee of the Republic of Armenia, the volume of  textile production has grown 1.7 times year over year for 1.7 fold  (against an increase of 22.4% a year earlier), amounting to 1.2  billion drams.

ArmInfo.

ArmInfo.

ArmInfo.Armenia ranks 69th among 190 countries in the World Bank's "Women, Business and the Law" 2020 report. According to the WB statement on its official page on Facebook, the report looks at the fundamental freedoms of women in  business through data points clustered in 8 indicators: Mobility,  Workplace, Pay, Marriage, Parenthood, Entrepreneurship, Assets, and  Pension. 

ArmInfo. In the 11 months of 2019, the metallurgical industry of Armenia increased production by 21.4% per annum, against a 22.6% decline for the same period of 2018.  This is evidenced by the data of the Statistical Committee of RA.

ArmInfo. The volume of industrial production in Armenia in January-November 2019 accelerated y-o-y growth from 4.1% to 9.3%, exceeding 1.8 trillion drams ($ 3.8  billion). This is due to an improvement in the trend of the mining  sector which turned from the recession to growth and maintaining the  upward dynamics of the manufacturing industry.

ArmInfo. In Armenia, the output of aluminum foil in January- November 2019 amounted to 28 539 tons, exceeding production volumes for the whole of 2018 (28 359  tons).

ArmInfo.

ArmInfo.The y-o-y growth in foreign trade between Armenia and Russia in January-November 2019 slowed to 12.6% from last year's 13.5%, amounting to $ 1.98 billion.   This was triggered by a slowdown in export growth from 19.3% to  10.8%, with accelerating growth of imports - from 10.6% to 13.6%, the  volumes of which amounted to $ 671.5 million and $ 1.3 billion,  respectively. According to the Statistical Committee of the Republic  of Armenia, Russia holds the lead with a large margin.

ArmInfo. For the first time in the financial market of Armenia, Ameriabank introduced a new and modern system of providing consumer loans, which operates on the  basis of machine learning / artificial intelligence algorithms.  According to the press service of the bank, the new system provides  customers with the opportunity to get a consumer loan more  conveniently and quickly.

ArmInfo.

ArmInfo.The unemployment rate in Armenia, calculated by the new method, increased over the Quarter 3 of 2019 from 17.7% to 18%, against 20.1% a year earlier. According  to the RA Statistical Committee, the new calculation method does not  take into account those employed in the household.

ArmInfo.

ArmInfo. The growth of the retail loan portfolio of the banking system of Armenia over the past months has become more supported and supported by a growing mortgage,  which in turn is "spurred on" by a trend of stable increase in  property prices.  

ArmInfo.The Ministry of Economy of the Republic of Armenia expects a 10% increase in exports by the end of 2019.  Minister of Economy of the Republic of Armenia  Tigran Khachatrian announced a similar forecast on January 14.