Armenia's Economic Pulse

[Haykakan]

YEREVAN, JUNE 6, ARMENPRESS. The volumes of exports from Armenia from
January-April 2017 comprised 608 million 381.2 thousand USD.

As “Armenpress” was informed from the National Statistical Service,
the volumes increased by 16.1% compared to the same period of 2016.

Imports to Armenia for the period of January-April have also
increased, with volumes rising by 17.9% - comprising 1billion 80
million and 692.2 thousand USD.

Trade turnover amounted to 1 billion 689 million and 10.4 thousand USD
in January-April 2017 – a 15.1% increase.

In terms of foreign trade turnover, Russia remains the leading partner
of Armenia. Trade turnover worth 474 million 721.4 thousand USD was
realized between Armenia and Russia in January-April 2017 – increasing
by 17.2%. The second largest trade partner for Armenia is China – with
152 million 242.3 thousand USD worth trade being realized – increasing
by 28.3% against the same period of 2016.

The other large-volume trading partners for Armenia are:

Switzerland – 109 million and 836.5 USD against 27 million and 840.3
thousand of 2016 – 3fold increase

Germany – 88 million 398.5 thousand USD – decline of 11.1%

Bulgaria – 86 million and 767.7 thousand USD - 34.1% increase

Georgia – 68 million and 831.3 thousand USD – decline by 9.5%

Iran – 64 million and 831.3 thousand USD – decline by 14.5%

Switzerland – increase of over 27.8 % – comprising 15 million 55.7 thousand USD

The volumes of trade turnover between Armenia and the UAE also
significantly increased amounting to 14 million 868.6 thousand USD –
an increase of 2.5fold.

[Haykakan]

"I am criticizing the close to 500,000 people that left the former ASSR on the premise that Armenia was a corrupt, lame place to give a phuck about. These same people are the ones who rarely enroll their kids into Armenian language programs, nor do they particularly value that their kids get education here in the US. They don't even want to go back to Armenia nor do they even want to help financially."
The issue here you are referring to is narcissism. It is by no means a "Armenian Problem" but more of a problem of our time. This problem has roots in the Jewish religion and is spreading as money becomes more important to people. One cannot blame people for trying to make a better life for themselves and their children but the lack of nationhood has been a big problem for us as a people for a long time. We as a people have refused to be ruled by our own leaders and much prefer being lead by others. This is our disease and our only hope is the success and survival of Armenia so that we can finely prove to ourselves and the world that Armenians can govern themselves. I have many times given the Armenian government plenty of slack regarding many things but I do not forgive it for bringing on such critical reforms so late. Why did they not do this twenty years ago? WTF were they waiting for? We lost so many people because of this delay. I am all about nation building and I have to say we (Hayastantsys and diasporans) suck at it. We would much prefer to go build cities on other countries (Glendale) rather then build one in Armenia. This is our disease and the root cause of our undoing.

[HyeSocialist]

"I am criticizing the close to 500,000 people that left the former ASSR on the premise that Armenia was a corrupt, lame place to give a phuck about. These same people are the ones who rarely enroll their kids into Armenian language programs, nor do they particularly value that their kids get education here in the US. They don't even want to go back to Armenia nor do they even want to help financially."
The issue here you are referring to is narcissism. It is by no means a "Armenian Problem" but more of a problem of our time. This problem has roots in the Jewish religion and is spreading as money becomes more important to people. One cannot blame people for trying to make a better life for themselves and their children but the lack of nationhood has been a big problem for us as a people for a long time. We as a people have refused to be ruled by our own leaders and much prefer being lead by others. This is our disease and our only hope is the success and survival of Armenia so that we can finely prove to ourselves and the world that Armenians can govern themselves. I have many times given the Armenian government plenty of slack regarding many things but I do not forgive it for bringing on such critical reforms so late. Why did they not do this twenty years ago? WTF were they waiting for? We lost so many people because of this delay. I am all about nation building and I have to say we (Hayastantsys and diasporans) suck at it. We would much prefer to go build cities on other countries (Glendale) rather then build one in Armenia. This is our disease and the root cause of our undoing.

Haykakan jan, I agree with you. And share your empathy.

I am happy that reforms are coming. I also read how some of that fear of letting go of power and willingness to let others govern is still held onto.

With due time, hopefully, Armenians can finally have the state we wanted. The movement of Hayastansis does have a silver lining, and maybe you won't agree with me. But, I do feel that a lot of the people after living in the United States have slowly seen that rule of law, that governing ourselves, is really a possibility. I feel that more education has been consumed, more people are aware of the world outside of little Armenia, and I feel that exposure will lead to a lot of great things.

[DieHard69]

Re: Armenia's Economic Pulse



I am criticizing the close to 500,000 people that left the former ASSR on the premise that Armenia was a corrupt, lame place to give a phuck about. These same people are the ones who rarely enroll their kids into Armenian language programs, nor do they particularly value that their kids get education here in the US. They don't even want to go back to Armenia nor do they even want to help financially.

Armenians in Armenia, especially the ones outside of Yerevan, are great people. My criticism is directed at the ones that ran away and never ever want to come back. Ever.

I am editing this post to insert an apology if I have offended anyone with my overtly passionate statement. I really am saddened by the mass migrations and the lack of effort to build Armenia. I understand that everyone is trying their best, we're all essentially starting from 0, and I do wish everyone much luck and success.

Indeed it is angering, sometimes I think of that saying, why did I leave Australia for this xxxxe? but then I see how my grandma exaggerates it like she's living in 1990 then I pull myself together. Its doubt and its serious in us Armenians and it causes us to abandon our identity, America does it very well.

[Sukhoi22]

6.4% year-on-year economic activity growth recorded in Armenia in Jan-May 2017

YEREVAN, June 20. /ARKA/. Armenia’s economic activity indicator rose 6.4% in Jan-May 2017, compared with the same period a year before, the press office of the National Statistical Service reports.

The economic activity growth was ensured by industry, trade and services. The country’s industrial output grew 14.4% to AMD 625 billion, domestic trade turnover 12.8% to AMD 894.4 billion and services totaled AMD 524.6 billion showing an 11-percent year-on-year growth.

Instead, construction faced a 12.1-percent decline (AMD 78.5 billion) and gross agriculture product shrank 3.5% to 176.6 billion.

Armenia recorded a 0.4% year-on-year inflation in Jan-May 2017.

The country’s foreign trade reached $2 286.2 million showing a 23.1% year-on-year growth.

In the 2017 government budget, economic growth is projected at 3.2%. ($1 – AMD 481.08). --0-----

http://arka.am/en/news/economy/6_4_year_on_year_economic_activity_growth_recorded_in_armenia_in_jan_may_2017/

[DieHard69]

6.4% year-on-year economic activity growth recorded in Armenia in Jan-May 2017

YEREVAN, June 20. /ARKA/. Armenia’s economic activity indicator rose 6.4% in Jan-May 2017, compared with the same period a year before, the press office of the National Statistical Service reports.

The economic activity growth was ensured by industry, trade and services. The country’s industrial output grew 14.4% to AMD 625 billion, domestic trade turnover 12.8% to AMD 894.4 billion and services totaled AMD 524.6 billion showing an 11-percent year-on-year growth.

Instead, construction faced a 12.1-percent decline (AMD 78.5 billion) and gross agriculture product shrank 3.5% to 176.6 billion.

Armenia recorded a 0.4% year-on-year inflation in Jan-May 2017.

The country’s foreign trade reached $2 286.2 million showing a 23.1% year-on-year growth.

In the 2017 government budget, economic growth is projected at 3.2%. ($1 – AMD 481.08). --0-----

http://arka.am/en/news/economy/6_4_y..._jan_may_2017/

Glorious, this is going to be a very important decade for us, we've started from light agriculture to industry services and trade.

[HyeSocialist]

YEREVAN, June 22. /ARKA/. After the Iran-Armenia and Armenia-Georgia power transmission lines are put into operation, Armenia will become a regional electricity hub for the three countries, Armenia’s Ministry of Energy Infrastructure and Natural Resources said today in a press release.

It said the power lines are expected to be put into operation at the end of 2019. As part of the construction of the 400-kV Iran-Armenia power line, which has already started, installation of support poles and wire lines as well as construction of a substation will be completed this year and in 2018.

When commissioned the line and the substation will enable to triple electricity swaps between Iran and Armenia, the ministry said.

The construction of the 400 kV electricity transmission lines Armenia-Georgia is to kick off later this year and be completed in 2019. At the moment, a tender is being conducted to select a contractor for the implementation of the project, the results of which will be announced in September.

The energy ministers of Armenia, Russia, Iran and the deputy energy minister of Georgia signed in April, 2016 in Yerevan a "road map" for the construction of about 1,000 MW North-South energy corridor. --0--

http://arka.am/en/news/technology/armenia_to_become_regional_electricity_hub/

---

Hopefully, this can also include massive investment in solar and wind power.

[HyeSocialist]

6.4% year-on-year economic activity growth recorded in Armenia in Jan-May 2017

YEREVAN, June 20. /ARKA/. Armenia’s economic activity indicator rose 6.4% in Jan-May 2017, compared with the same period a year before, the press office of the National Statistical Service reports.

The economic activity growth was ensured by industry, trade and services. The country’s industrial output grew 14.4% to AMD 625 billion, domestic trade turnover 12.8% to AMD 894.4 billion and services totaled AMD 524.6 billion showing an 11-percent year-on-year growth.

Instead, construction faced a 12.1-percent decline (AMD 78.5 billion) and gross agriculture product shrank 3.5% to 176.6 billion.

Armenia recorded a 0.4% year-on-year inflation in Jan-May 2017.

The country’s foreign trade reached $2 286.2 million showing a 23.1% year-on-year growth.

In the 2017 government budget, economic growth is projected at 3.2%. ($1 – AMD 481.08). --0-----

http://arka.am/en/news/economy/6_4_y..._jan_may_2017/

YES! Construction in Armenia was always so speculative. Since agriculture also shrank, it is safe to assume that the industrial output is not merely "canneries" or food processing. Hopefully it is not just one big project but a combined number of things. Such great news!

[Haykakan]

ARMINFO News Agency, Armenia
June 21, 2017 Wednesday


US Ambassador to Armenia confirms multi-billion investment potential
of Armenia's energy sector

Yerevan June 21

Naira Badalyan. US Ambassador to Armenia Richard Mills confirmed the
investment potential of Armenia's energy sector at $ 8bn. "We are
talking about the potential, possible investments that will be
possible when the electricity market is completely liberalized and it
will be possible to export electricity from Armenia to Georgia, Iran,
to the south," the US diplomat said at the forum on June 21. "The
re-evaluation of competition in Armenia: Modern challenges and the
future." at the same time, as Mills added, the prospect of electricity
export to Turkey will also create real opportunities for attracting
investments to the republic.

As explained by the head of the US diplomatic mission in Armenia, the
Ministry of Energy Infrastructures and Natural Resources made the
calculation of the investment potential in the energy sector of
Armenia in the amount of $ 8 billion. Estimates of the US embassy
confirmed the existence of such a potential.

The diplomat noted the interest of American companies in the energy
industry of Armenia. At the same time, as Richard Mills stressed,
multibillion investments will be possible only if there are
appropriate infrastructures. He informed that a number of productive
meetings were held with the Minister of Energy Infrastructures and
Natural Resources of Armenia Ashot Manukyan this month, during which
the Minister presented 2 investment projects. One of the programs
concerned the production of energy through the processing of solid
waste. American investors consider now these proposals, Mills noted.

A month earlier, in an interview with journalists at a conference on
the prospects for the development of renewable energy sources,
Ambassador Richard Mills said that US investors are more than
interested in the energy sector of Armenia. According to Mills, there
is already an opportunity for investment cooperation in the amount of
about $ 8 billion. As the ambassador admitted, the interest of
American investors is so huge that it exceeded all expectations. At
the same time, the diplomat pointed out that the task of Armenian
entrepreneurs and governments is to demonstrate Armenia's
attractiveness for American investors.

[Haykakan]

French Ambassador to Armenia Jean-Francois Charpentier said that French business people prepare to implement investment programs in Armenia’s power sector. Details of the programs will be revealed within the next few months.


The Ambassador made that statement in response to Banks.am’s request.

“We noticed in recent months that French companies show more and more interest towards Armenia. Schneider Electric opened a representative office in Yerevan early this year, and the professional skills center opened with an official ceremony on June 5. On the occasion of President Serzh Sargsyan’s visit to France, Medef International organized a Paris meeting for French companies, interested in Armenian market, on March 8. In late March, Anios opened a pharmaceutical factory in Yerevan,” Jean-Francois Charpentier noted.

He stressed that France is among leading foreign investors in Armenia and French organizations are present in various sectors of Armenian economy, including water supply, banking, food industry, healthcare, and distribution networks.

“Large French enterprises are currently observing their interests in different branches of the Armenian economy, particularly in sectors of energy and transport. The most progressive investment programs are energy-related and will be released in the coming months. As for complex program, the enterprises are analyzing trading prospects and sustainability of long-term investments in Armenia,” French Ambassador said.

According to Jean-Francois Charpentier, pre-initiative works of potential investors are supported by Embassy of France in Armenia, Armenian-French Chamber of Commerce and Industry, as well as French companies operating in Armenia.

“It is important that already Armenia-based French companies consult potential investors on their experience in Armenia. That is why, French companies in Armenia like Carrefour or Veolia should be able to prosper, as it will promote Armenian investment attractiveness,” Jean-Francois Charpentier emphasized.




http://www.banks.am/en/news/newsfeed/13999