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World food prices hit highest levels in April since 2014


World food commodity prices have risen for the eleventh month in a row, noticeably the price of sugar, the Food and Agriculture Organization of the United Nations (FAO) said on Thursday that the average FAO food price index, which reflects monthly changes in international prices for staple foods, was 120.9 points in April, up 1.7% from March, and 30.8% higher than in 2020, reports TASS. FAO noted that the index value reached its highest level...

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Armenia’s economy showed activeness in March 2021


Armenia’s economic activity index declined by 2% in January – March 2021 compared to January-March 2020, however, in March this year the economic activity registered 9.6% growth compared to February, the Statistical Committee reported. Industrial production volume declined by 3.9% in January-March, however on March 9.1% growth was registered in comparison to February. Agricultural gross output volume declined by 1% in January-March...

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Ministry of Economy plans to double the share of SMEs in the structure of GDP


Ministry of Economy of Armenia plans to double the share of SMEs in the structure of GDP - from the existing 27% to bring it up to 55%. Armenian Minister of  Economy Vahan Kerobyan told about this in an interview with the First  TV channel. In particular, in order to achieve such indicators, the government,  according to the minister, plans to implement sub-investment programs  in rural areas of Armenia, through...

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Armenia and Iran confirmed readiness to expand economic cooperation


The unrealized potential of the agenda of the Armenian- Iranian economic cooperation can be used by developing trade and economic ties, implementing the  agreements reached within the framework of joint programs. Minister  of Territorial Administration and Infrastructure of the Republic of  Armenia Suren Papikyan stated this at a meeting with Iranian  Ambassador to Armenia Abbas Badakhshan Zohouri. According to the...

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Putin confident Armenia and Russa will soon restore trade turnover volumes


Russian President Vladimir Putin assured in a meeting with Armenian PM Nikol Pashinyan that the trade turnover volumes that have declined because of the coronavirus pandemic will be restored. ‘’I am confident in the near future we will not only be able to restore that volume, but also move forward. I see that the inter-agency commission actively works from both sides. You actively support the activities of that commission and the...

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