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Armenia's exports grow, imports shrink in Jan 2016

Armenia's exports grow, imports shrink in Jan 2016

PanARMENIAN.Net - Armenia’s foreign trade turnover amounted to $242,4 million in January 2016, decreasing by 13,8% against the same period in 2015, the country’s National Statistical Service reports.

The exports totaled $89,2 million, up by 5,6 % against the same period last year, while imports amounted to $153,2 million, dropping by 22,2%.

The negative balance of trade thus amounted to $64 million in the reporting period.

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“The investments will be spent to build a canning factory and slaughterhouses, expand greenhouse farms,” Ignati Arakelyan said.
The funding will go to a subsidiary of ContourGlobal, an international power-generation company that acquired the Vorotan Cascade in 2015.
"We are yet unable to disclose the names of companies we are conducting negotiations with," Satenik Hovhannisyan said.
1,259,657 tourists have arrived in Armenia in January-December 2016, the National Statistical Service said, up by 5,7% on the year before.
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