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Economic news

Armenian Agra exports soar despite COVID-19, war


Despite the challenges in 2020, Armenia was able to successfully carry out agricultural exports, and even exported 3000 tons more fruits and vegetables than in 2019, according to the Deputy Minister of Economy Arman Khojoyan. Khojoyan said that over 145,500 tons of fresh fruits and vegetables were exported from Armenia in 2020, the year which saw the COVID-19 pandemic and the second Nagorno-Karabakh War. Khojoyan says they had to work very...

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Armenia, economic activity decreased by 7.2% in 11 months of 2020


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 of this year 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%.  A year earlier, in January-November 2019, against the same...

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IMF Executive Board completes 3rd review under SBA for Armenia and approves US$36.9 mln disbursement


The Executive Board of the International Monetary Fund (IMF) completed the third review of the Republic of Armenia’s performance under the program supported by the Stand-By Arrangement (SBA). The completion of the review will allow the authorities to draw SDR 25.714 million (about US$37 million), bringing total disbursements to SDR 231.7 million (about US$ 332 million), the IMF said in a statement. “Monetary policy...

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Armenia exports and imports drop 4,4% and 13,7%


The export volumes of goods and services from Armenia in January-September 2020 totaled 1 billion 828 million 122 thousand US dollars at current prices. The figure dropped 4,4% compared to 2019, while the import volumes (according to the country of export) totaled 3 billion 219 million 918,7 thousand dollars – a 13,7% drop. According to the Statistics Committee, exports from Armenia to CIS countries in the reporting period totaled 494...

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