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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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Discussions were held on draft state budget of Armenia in 2021


On September 22, a  meeting was held under the chairmanship of RA Prime Minister Nikol  Pashinyan, at which the draft state budget of Armenia for 2021 was  discussed. At the meeting, RA Minister of Finance Atom Janjughazyan presented  the budgetary process, acroeconomic and fiscal frameworks, the press  service of the government reports. He noted that the development of  the draft state budget is carried out based...

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