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Armenia's Economic Pulse

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  • #931
    Re: Armenia's Economic Pulse

    Economic activity in Armenia rises 2.2% in March 2015


    YEREVAN, April 20. /ARKA/. Economic activity in Armenia went 2.2% up in March 2015, compared with March 2014, the National Statistical Service of Armenia reports.

    Consumer prices in the country rose 5.8% and prices of manufacturers of industrial products 4.8% in March 2015, compared with the same month a year earlier.

    Industrial output in March 2015 totaled AMD104.9 billion showing a 4% year-on-year growth.

    Agriculture accounted for AMD 31.9-billion output and 5.7% year-on-year growth in March 2015, construction for about AMD 22.8 billion output and no growth, domestic trade for AMD 173 billion and 5.5% decline and services for AMD 89.3 billion and 2.8% growth.

    Armenia's foreign trade turnover amounted to about $352.7 million in March 2015 showing a 29.9% year-on-year decline.

    In the government budget for 2015, GDP growth is projected at 4.1%. ---0----



    Economic activity in Armenia rises 2.2% in March 2015
    http://arka.am/en/news/economy/economic_activity_in_armenia_rises_2_2_in_march_2015_/#sthash.NqYfzaa3.dpuf
    Economic activity in Armenia went 2.2% up in March 2015, compared with March 2014, the National Statistical Service of Armenia reports.

    Comment

    • #932
      Re: Armenia's Economic Pulse

      Originally posted by Mher View Post
      Economic activity in Armenia rises 2.2% in March 2015


      YEREVAN, April 20. /ARKA/. Economic activity in Armenia went 2.2% up in March 2015, compared with March 2014, the National Statistical Service of Armenia reports.

      Consumer prices in the country rose 5.8% and prices of manufacturers of industrial products 4.8% in March 2015, compared with the same month a year earlier.

      Industrial output in March 2015 totaled AMD104.9 billion showing a 4% year-on-year growth.

      Agriculture accounted for AMD 31.9-billion output and 5.7% year-on-year growth in March 2015, construction for about AMD 22.8 billion output and no growth, domestic trade for AMD 173 billion and 5.5% decline and services for AMD 89.3 billion and 2.8% growth.

      Armenia's foreign trade turnover amounted to about $352.7 million in March 2015 showing a 29.9% year-on-year decline.

      In the government budget for 2015, GDP growth is projected at 4.1%. ---0----



      http://arka.am/en/news/economy/econo....NqYfzaa3.dpuf
      So we see both growth and decline in various monitored sectors of the economy.
      Dispite the sanctions on Russia and the clear ramifications to us , and dispite the illegal and immoral blockade ... we registered a positive growth.
      This growth may look modest, but considering the "headwind" our economy is sailing into, I'm impressed.
      A significant amount of our countries collective economic energy was spent taking the NEGITIVE hits. Yet we register a overall positive growth.
      Our economy and endeavor is stronger than the modest growth indicates.

      Comment

      • #933
        Re: Armenia's Economic Pulse

        Euro at 3 year low in Armenia

        The EUR-AMD exchange rate at 514AMD/EUR is at lowest rate since summer of 2012. This is all part of the trend over the past year of the weakening Euro against the Dollar.

        Comment

        • #934
          Re: Armenia's Economic Pulse

          Good time to buy property out there!

          Comment

          • #935
            Re: Armenia's Economic Pulse

            Armenia, U.S. to sign Trade and Investment Framework Agreement

            The governments of Armenia and the United States will sign a Trade and Investment Framework Agreement to enhance investment initiatives and expand trade and economic cooperation.

            The draft agreement was approved at the cabinet meeting on Thursday.

            Prime Minister Hovik Abrahamyan noted that the negotiations on the agreement lasted long.

            The agreement implies creation of an Armenian-American council on trade and investment. The aim of the council is to expand trade and investment opportunities of the two sides.

            Armenia, U.S. to sign Trade and Investment Framework Agreement
            http://www.panorama.am/en/economy/2015/04/30/government5/
            Armenia, U.S. to sign Trade and Investment Framework Agreement

            Comment

            • #936
              Re: Armenia's Economic Pulse

              Iraq, Syria Sharply Boost Armenian Cigarette Exports


              Հրապարակված է՝ 20.05.2015

              Exports of Armenian cigarettes continued to grow rapidly last year thanks to a near-doubling of their deliveries to Iraq and Syria, their principal markets abroad, according to government statistics.

              Data from the Armenian customs service revealed by Hetq.am shows a more than 71 percent surge in cigarette exports that totaled $116.6 million in 2014. They stood at just $16.3 million in 2011.

              The Iraqi market generated over two-thirds of the Armenian tobacco industry’s total export revenue. This explains why Armenia’s trade with Iraq rose by almost 39 percent to $106 million in 2014.

              The Armenian and Iraqi governments are eager to further expand bilateral trade, mainly carried out through Iran, with growing contacts between their senior officials as well as businesspeople from the two nations. In particular, they helped to launch in February a commercial flight service between Yerevan and Baghdad and Erbil, the capital of Iraqi Kurdistan where Armenia plans to open a consulate this year.

              Iraq’s Transport Minister Baqir Jabr al-Zubeidi and a delegation of Iraqi businesspeople accompanying him arrived in Armenia on the inaugural Baghdad-Yerevan flight. Zubeidi called for closer Armenian-Iraqi commercial ties during talks with Armenian Economy Minister Karen Chshmaritian in Yerevan.
              Armenia - A tobacco field in Tavush province.Armenia - A tobacco field in Tavush province.

              Another war-torn Arab state, Syria, became the second most important market for Armenian-made cigarettes in 2014. The Armenian customs service registered an almost six-fold increase in cigarette exports to Syria that were worth $18.2 million.

              Virtually all of those cigarettes were manufactured by three tobacco firms that are part of the Grand Holding group founded by Hrant Vartanian, one of Armenia’s most famous businesspeople who died in April 2014.The conglomerate, which also comprises the country’s largest chocolate and confectionery manufacturer, is now owned and run by his two sons. Much of the tobacco used by it is grown in Armenia.

              Grand Holding’s booming exports also helped to push up output in the broader Armenian tobacco industry. According to the National Statistical Service (NSS), it grew by more than half last year, accounting for 7.6 percent of the country’s overall industrial production.

              Iraq, Syria Sharply Boost Armenian Cigarette Exports
              http://www.azatutyun.am/content/article/27027189.html
              Exports of Armenian cigarettes continued to grow rapidly last year thanks to a near-doubling of their deliveries to Iraq and Syria, their principal markets abroad, according to government statistics.


              Great News, now if only we could get them banned in Armenia

              Comment

              • #937
                Re: Armenia's Economic Pulse

                Originally posted by Shant03 View Post
                Good time to buy property out there!
                Politics is not about the pursuit of morality nor what's right or wrong
                Its about self interest at personal and national level often at odds with the above.
                Great politicians pursue the National interest and small politicians personal interests

                Comment

                • #938
                  Re: Armenia's Economic Pulse

                  Originally posted by Mher View Post
                  Iraq, Syria Sharply Boost Armenian Cigarette Exports


                  Հրապարակված է՝ 20.05.2015

                  Exports of Armenian cigarettes continued to grow rapidly last year thanks to a near-doubling of their deliveries to Iraq and Syria, their principal markets abroad, according to government statistics.

                  Data from the Armenian customs service revealed by Hetq.am shows a more than 71 percent surge in cigarette exports that totaled $116.6 million in 2014. They stood at just $16.3 million in 2011.

                  The Iraqi market generated over two-thirds of the Armenian tobacco industry’s total export revenue. This explains why Armenia’s trade with Iraq rose by almost 39 percent to $106 million in 2014.

                  The Armenian and Iraqi governments are eager to further expand bilateral trade, mainly carried out through Iran, with growing contacts between their senior officials as well as businesspeople from the two nations. In particular, they helped to launch in February a commercial flight service between Yerevan and Baghdad and Erbil, the capital of Iraqi Kurdistan where Armenia plans to open a consulate this year.

                  Iraq’s Transport Minister Baqir Jabr al-Zubeidi and a delegation of Iraqi businesspeople accompanying him arrived in Armenia on the inaugural Baghdad-Yerevan flight. Zubeidi called for closer Armenian-Iraqi commercial ties during talks with Armenian Economy Minister Karen Chshmaritian in Yerevan.
                  Armenia - A tobacco field in Tavush province.Armenia - A tobacco field in Tavush province.

                  Another war-torn Arab state, Syria, became the second most important market for Armenian-made cigarettes in 2014. The Armenian customs service registered an almost six-fold increase in cigarette exports to Syria that were worth $18.2 million.

                  Virtually all of those cigarettes were manufactured by three tobacco firms that are part of the Grand Holding group founded by Hrant Vartanian, one of Armenia’s most famous businesspeople who died in April 2014.The conglomerate, which also comprises the country’s largest chocolate and confectionery manufacturer, is now owned and run by his two sons. Much of the tobacco used by it is grown in Armenia.

                  Grand Holding’s booming exports also helped to push up output in the broader Armenian tobacco industry. According to the National Statistical Service (NSS), it grew by more than half last year, accounting for 7.6 percent of the country’s overall industrial production.

                  Iraq, Syria Sharply Boost Armenian Cigarette Exports
                  http://www.azatutyun.am/content/article/27027189.html
                  Exports of Armenian cigarettes continued to grow rapidly last year thanks to a near-doubling of their deliveries to Iraq and Syria, their principal markets abroad, according to government statistics.


                  Great News, now if only we could get them banned in Armenia
                  Yeh not exactly the kind of development we were hoping for. We could follow that up with many other goods though. If there is a market for that good then there is very likely to be other markets for us to penetrate there.
                  Hayastan or Bust.

                  Comment

                  • #939
                    Re: Armenia's Economic Pulse

                    Originally posted by Haykakan View Post
                    Yeh not exactly the kind of development we were hoping for. We could follow that up with many other goods though. If there is a market for that good then there is very likely to be other markets for us to penetrate there.
                    I disagree, relative to our overall economy, we are doing well is fields of technology. What we are lacking is manufacturing and production jobs. If this creates jobs, and brings wealth to the country why not? While this may be a declining industry in the top 10 to 20 percent of countries in the world, in most places its an industry that is as strong as ever.

                    Comment

                    • #940
                      Re: Armenia's Economic Pulse

                      Microsoft to Establish Regional Center in Armenia

                      YEREVAN—A regional center for cloud and mobile solutions will be established in Armenia at the premises of the Microsoft Innovation Center.

                      Armenia’s government on Thursday approved the proposal in a memorandum of cooperation, signing off on license agreements and a separate government agreement on a security program with Microsoft.

                      Part of the license agreement entails Microsoft’s cooperate in the education sector and in carrying out joint programs aimed at the protection of intellectual property.

                      According to a press release issued by the government, the plan was conceived in an agreement signed by the Ministry of Economy of Armenia and Microsoft in New York on September 26, at the Armtech Congress 2014, Armenia’s Global High Tech Industry Seventh Annual Conference.

                      Page not found - Asbarez.com
                      http://asbarez.com/blog/archives/136282

                      Comment

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